Can I retire at age 65 with 8,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $8,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$726,696$720,223$713,907$707,743$701,724$678,990
2 years$359,750$353,050$346,557$340,261$334,154$311,463
3 years$237,451$230,722$224,245$218,009$212,001$190,065
4 years$176,314$169,605$163,193$157,063$151,201$130,189
5 years$139,641$132,973$126,645$120,639$114,941$94,908
6 years$115,200$108,582$102,348$96,476$90,949$71,912
7 years$97,749$91,187$85,051$79,318$73,966$55,923
8 years$84,667$78,164$72,130$66,538$61,362$44,300
9 years$74,498$68,056$62,126$56,676$51,675$35,576
10 years$66,367$59,988$54,163$48,855$44,030$28,867
11 years$59,718$53,404$47,684$42,519$37,867$23,613
12 years$54,182$47,932$42,318$37,295$32,815$19,438
13 years$49,501$43,317$37,809$32,925$28,615$16,083
14 years$45,493$39,374$33,971$29,228$25,084$13,361
15 years$42,022$35,969$30,671$26,066$22,086$11,137
16 years$38,987$33,001$27,808$23,339$19,520$9,309
17 years$36,313$30,392$25,304$20,970$17,307$7,798
18 years$33,938$28,084$23,100$18,898$15,389$6,545
19 years$31,816$26,028$21,147$17,076$13,717$5,502
20 years$29,908$24,186$19,407$15,466$12,252$4,631
21 years$28,185$22,529$17,851$14,036$10,964$3,902
22 years$26,620$21,030$16,452$12,762$9,828$3,291
23 years$25,193$19,669$15,191$11,623$8,822$2,777
24 years$23,887$18,428$14,049$10,601$7,929$2,345
25 years$22,688$17,294$13,012$9,681$7,135$1,982
26 years$21,582$16,254$12,068$8,852$6,427$1,675
27 years$20,560$15,296$11,206$8,102$5,795$1,417
28 years$19,613$14,414$10,418$7,423$5,229$1,199
29 years$18,733$13,598$9,695$6,807$4,721$1,014
30 years$17,913$12,842$9,030$6,248$4,266$858
31 years$17,147$12,140$8,419$5,738$3,857$727
32 years$16,431$11,487$7,855$5,273$3,489$615
33 years$15,760$10,878$7,334$4,849$3,157$521
34 years$15,129$10,310$6,852$4,462$2,859$441
35 years$14,536$9,779$6,407$4,107$2,589$374
36 years$13,976$9,281$5,993$3,783$2,346$317
37 years$13,449$8,815$5,609$3,485$2,126$268
38 years$12,950$8,378$5,253$3,212$1,928$227
39 years$12,478$7,966$4,922$2,962$1,748$192
40 years$12,031$7,579$4,613$2,732$1,585$163
41 years$11,607$7,215$4,325$2,521$1,438$138
42 years$11,204$6,871$4,057$2,326$1,305$117
43 years$10,820$6,547$3,807$2,147$1,185$99
44 years$10,456$6,240$3,574$1,983$1,075$84
45 years$10,108$5,951$3,356$1,831$976$71
46 years$9,777$5,677$3,152$1,691$886$60
47 years$9,460$5,417$2,961$1,563$805$51
48 years$9,158$5,172$2,783$1,444$731$43
49 years$8,869$4,939$2,615$1,335$664$37
50 years$8,592$4,718$2,459$1,233$603$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $8,800,000, adding $4,638 every year, while hoping to spend $44,610 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 45/27/28 Blend
64$8,800,000$8,800,000$8,800,000$8,800,000
65$9,702,384$9,235,984$9,099,584$10,060,230
66$10,644,563$9,641,083$9,356,955$10,720,250
67$11,681,348$10,064,536$9,621,454$11,430,970
68$12,822,344$10,507,196$9,893,270$12,200,928
69$14,078,130$10,969,956$10,172,602$13,035,682
70$15,460,365$11,453,750$10,459,650$13,941,336
71$16,981,896$11,959,557$10,754,622$14,924,597
72$18,656,877$12,488,403$11,057,730$15,992,838
73$20,500,905$13,041,362$11,369,190$17,154,160
74$22,531,167$13,619,557$11,689,227$18,417,469
75$24,766,598$14,224,168$12,018,069$19,792,555
76$27,228,068$14,856,429$12,355,951$21,290,185
77$29,938,568$15,517,632$12,703,113$22,922,196
78$32,923,437$16,209,130$13,059,802$24,701,608
79$36,210,593$16,932,343$13,426,270$26,642,741
80$39,830,801$17,688,755$13,802,778$28,761,348
81$43,817,962$18,479,924$14,189,591$31,074,758
82$48,209,433$19,307,479$14,586,981$33,602,037
83$53,046,378$20,173,128$14,995,228$36,364,162
84$58,374,159$21,078,662$15,414,618$39,384,220
85$64,242,760$22,025,953$15,845,444$42,687,612
86$70,707,263$23,016,967$16,288,009$46,302,298
87$77,828,366$24,053,759$16,742,618$50,259,049
88$85,672,953$25,138,488$17,209,590$54,591,736
89$94,314,730$26,273,409$17,689,247$59,337,643
90$103,834,917$27,460,891$18,181,922$64,537,813
91$114,323,016$28,703,412$18,687,953$70,237,432
92$125,877,654$30,003,570$19,207,691$76,486,245
93$138,607,517$31,364,087$19,741,490$83,339,023
94$152,632,372$32,787,815$20,289,718$90,856,074
95$168,084,198$34,277,743$20,852,748$99,103,801
96$185,108,436$35,837,002$21,430,965$108,155,325
97$203,865,355$37,468,874$22,024,761$118,091,169
98$224,531,569$39,176,796$22,634,538$129,000,005
99$247,301,704$40,964,374$23,260,710$140,979,488
100$272,390,231$42,835,382$23,903,697$154,137,167