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

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
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%12.6%
1 years$726,696$720,223$713,907$707,743$701,724$694,107
2 years$359,750$353,050$346,557$340,261$334,154$326,485
3 years$237,451$230,722$224,245$218,009$212,001$204,518
4 years$176,314$169,605$163,193$157,063$151,201$143,961
5 years$139,641$132,973$126,645$120,639$114,941$107,965
6 years$115,200$108,582$102,348$96,476$90,949$84,246
7 years$97,749$91,187$85,051$79,318$73,966$67,539
8 years$84,667$78,164$72,130$66,538$61,362$55,210
9 years$74,498$68,056$62,126$56,676$51,675$45,797
10 years$66,367$59,988$54,163$48,855$44,030$38,421
11 years$59,718$53,404$47,684$42,519$37,867$32,523
12 years$54,182$47,932$42,318$37,295$32,815$27,730
13 years$49,501$43,317$37,809$32,925$28,615$23,783
14 years$45,493$39,374$33,971$29,228$25,084$20,498
15 years$42,022$35,969$30,671$26,066$22,086$17,739
16 years$38,987$33,001$27,808$23,339$19,520$15,404
17 years$36,313$30,392$25,304$20,970$17,307$13,416
18 years$33,938$28,084$23,100$18,898$15,389$11,714
19 years$31,816$26,028$21,147$17,076$13,717$10,249
20 years$29,908$24,186$19,407$15,466$12,252$8,985
21 years$28,185$22,529$17,851$14,036$10,964$7,889
22 years$26,620$21,030$16,452$12,762$9,828$6,936
23 years$25,193$19,669$15,191$11,623$8,822$6,106
24 years$23,887$18,428$14,049$10,601$7,929$5,380
25 years$22,688$17,294$13,012$9,681$7,135$4,746
26 years$21,582$16,254$12,068$8,852$6,427$4,189
27 years$20,560$15,296$11,206$8,102$5,795$3,700
28 years$19,613$14,414$10,418$7,423$5,229$3,271
29 years$18,733$13,598$9,695$6,807$4,721$2,893
30 years$17,913$12,842$9,030$6,248$4,266$2,560
31 years$17,147$12,140$8,419$5,738$3,857$2,266
32 years$16,431$11,487$7,855$5,273$3,489$2,006
33 years$15,760$10,878$7,334$4,849$3,157$1,777
34 years$15,129$10,310$6,852$4,462$2,859$1,575
35 years$14,536$9,779$6,407$4,107$2,589$1,396
36 years$13,976$9,281$5,993$3,783$2,346$1,237
37 years$13,449$8,815$5,609$3,485$2,126$1,097
38 years$12,950$8,378$5,253$3,212$1,928$973
39 years$12,478$7,966$4,922$2,962$1,748$863
40 years$12,031$7,579$4,613$2,732$1,585$766
41 years$11,607$7,215$4,325$2,521$1,438$679
42 years$11,204$6,871$4,057$2,326$1,305$603
43 years$10,820$6,547$3,807$2,147$1,185$535
44 years$10,456$6,240$3,574$1,983$1,075$475
45 years$10,108$5,951$3,356$1,831$976$421
46 years$9,777$5,677$3,152$1,691$886$374
47 years$9,460$5,417$2,961$1,563$805$332
48 years$9,158$5,172$2,783$1,444$731$295
49 years$8,869$4,939$2,615$1,335$664$262
50 years$8,592$4,718$2,459$1,233$603$232

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 $4,574 every year, while hoping to spend $54,734 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: 81/8/11 Blend
64$8,800,000$8,800,000$8,800,000$8,800,000
65$9,702,318$9,235,918$9,099,518$10,469,614
66$10,633,718$9,630,242$9,346,115$11,367,807
67$11,658,286$10,042,052$9,599,139$12,345,847
68$12,785,468$10,472,150$9,858,747$13,417,770
69$14,025,671$10,921,370$10,125,100$14,592,954
70$15,390,361$11,390,589$10,398,363$15,881,728
71$16,892,172$11,880,722$10,678,703$17,295,465
72$18,545,027$12,392,730$10,966,292$18,846,692
73$20,364,263$12,927,617$11,261,306$20,549,204
74$22,366,781$13,486,434$11,563,923$22,418,196
75$24,571,206$14,070,282$11,874,327$24,470,407
76$26,998,056$14,680,314$12,192,705$26,724,270
77$29,669,944$15,317,735$12,519,247$29,200,091
78$32,611,784$15,983,810$12,854,147$31,920,239
79$35,851,031$16,679,861$13,197,606$34,909,354
80$39,417,935$17,407,273$13,549,824$38,194,578
81$43,345,831$18,167,497$13,911,011$41,805,812
82$47,671,452$18,962,050$14,281,375$45,775,995
83$52,435,273$19,792,524$14,661,134$50,141,415
84$57,681,895$20,660,582$15,050,507$54,942,049
85$63,460,468$21,567,969$15,449,718$60,221,940
86$69,825,147$22,516,512$15,858,996$66,029,609
87$76,835,613$23,508,122$16,278,573$72,418,514
88$84,557,628$24,544,802$16,708,687$79,447,553
89$93,063,659$25,628,651$17,149,582$87,181,613
90$102,433,562$26,761,864$17,601,502$95,692,189
91$112,755,333$27,946,743$18,064,700$105,058,051
92$124,125,942$29,185,698$18,539,432$115,365,986
93$136,652,243$30,481,253$19,025,959$126,711,618
94$150,451,990$31,836,052$19,524,546$139,200,306
95$165,654,939$33,252,865$20,035,464$152,948,140
96$182,404,079$34,734,592$20,558,989$168,083,028
97$200,856,981$36,284,272$21,095,401$184,745,908
98$221,187,280$37,905,089$21,644,984$203,092,071
99$243,586,321$39,600,376$22,208,029$223,292,627
100$268,264,959$41,373,628$22,784,831$245,536,119