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%11.2%
1 years$726,696$720,223$713,907$707,743$701,724$698,180
2 years$359,750$353,050$346,557$340,261$334,154$330,578
3 years$237,451$230,722$224,245$218,009$212,001$208,503
4 years$176,314$169,605$163,193$157,063$151,201$147,807
5 years$139,641$132,973$126,645$120,639$114,941$111,662
6 years$115,200$108,582$102,348$96,476$90,949$87,789
7 years$97,749$91,187$85,051$79,318$73,966$70,927
8 years$84,667$78,164$72,130$66,538$61,362$58,444
9 years$74,498$68,056$62,126$56,676$51,675$48,878
10 years$66,367$59,988$54,163$48,855$44,030$41,352
11 years$59,718$53,404$47,684$42,519$37,867$35,306
12 years$54,182$47,932$42,318$37,295$32,815$30,369
13 years$49,501$43,317$37,809$32,925$28,615$26,282
14 years$45,493$39,374$33,971$29,228$25,084$22,861
15 years$42,022$35,969$30,671$26,066$22,086$19,971
16 years$38,987$33,001$27,808$23,339$19,520$17,509
17 years$36,313$30,392$25,304$20,970$17,307$15,398
18 years$33,938$28,084$23,100$18,898$15,389$13,578
19 years$31,816$26,028$21,147$17,076$13,717$12,001
20 years$29,908$24,186$19,407$15,466$12,252$10,628
21 years$28,185$22,529$17,851$14,036$10,964$9,428
22 years$26,620$21,030$16,452$12,762$9,828$8,377
23 years$25,193$19,669$15,191$11,623$8,822$7,453
24 years$23,887$18,428$14,049$10,601$7,929$6,638
25 years$22,688$17,294$13,012$9,681$7,135$5,919
26 years$21,582$16,254$12,068$8,852$6,427$5,283
27 years$20,560$15,296$11,206$8,102$5,795$4,718
28 years$19,613$14,414$10,418$7,423$5,229$4,218
29 years$18,733$13,598$9,695$6,807$4,721$3,772
30 years$17,913$12,842$9,030$6,248$4,266$3,376
31 years$17,147$12,140$8,419$5,738$3,857$3,023
32 years$16,431$11,487$7,855$5,273$3,489$2,708
33 years$15,760$10,878$7,334$4,849$3,157$2,427
34 years$15,129$10,310$6,852$4,462$2,859$2,175
35 years$14,536$9,779$6,407$4,107$2,589$1,951
36 years$13,976$9,281$5,993$3,783$2,346$1,750
37 years$13,449$8,815$5,609$3,485$2,126$1,570
38 years$12,950$8,378$5,253$3,212$1,928$1,409
39 years$12,478$7,966$4,922$2,962$1,748$1,265
40 years$12,031$7,579$4,613$2,732$1,585$1,136
41 years$11,607$7,215$4,325$2,521$1,438$1,020
42 years$11,204$6,871$4,057$2,326$1,305$916
43 years$10,820$6,547$3,807$2,147$1,185$823
44 years$10,456$6,240$3,574$1,983$1,075$739
45 years$10,108$5,951$3,356$1,831$976$664
46 years$9,777$5,677$3,152$1,691$886$597
47 years$9,460$5,417$2,961$1,563$805$536
48 years$9,158$5,172$2,783$1,444$731$482
49 years$8,869$4,939$2,615$1,335$664$433
50 years$8,592$4,718$2,459$1,233$603$389

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 $5,503 every year, while hoping to spend $35,280 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: 73/10/17 Blend
64$8,800,000$8,800,000$8,800,000$8,800,000
65$9,703,276$9,236,876$9,100,476$10,373,271
66$10,655,473$9,651,946$9,367,805$11,233,460
67$11,703,611$10,086,171$9,642,906$12,170,630
68$12,857,440$10,540,454$9,926,004$13,196,336
69$14,127,701$11,015,738$10,217,327$14,319,358
70$15,526,230$11,513,013$10,517,112$15,549,365
71$17,066,072$12,033,317$10,825,601$16,896,999
72$18,761,596$12,577,734$11,143,043$18,373,981
73$20,628,640$13,147,404$11,469,696$19,993,213
74$22,684,652$13,743,519$11,805,822$21,768,906
75$24,948,863$14,367,327$12,151,694$23,716,708
76$27,442,460$15,020,139$12,507,589$25,853,849
77$30,188,792$15,703,327$12,873,793$28,199,306
78$33,213,586$16,418,327$13,250,603$30,773,981
79$36,545,194$17,166,647$13,638,320$33,600,891
80$40,214,856$17,949,865$14,037,256$36,705,388
81$44,256,998$18,769,635$14,447,731$40,115,397
82$48,709,556$19,627,692$14,870,074$43,861,676
83$53,614,333$20,525,850$15,304,624$47,978,103
84$59,017,393$21,466,016$15,751,727$52,501,996
85$64,969,499$22,450,183$16,211,742$57,474,465
86$71,526,589$23,480,442$16,685,036$62,940,792
87$78,750,303$24,558,986$17,171,987$68,950,862
88$86,708,568$25,688,110$17,672,982$75,559,628
89$95,476,236$26,870,222$18,188,422$82,827,630
90$105,135,794$28,107,844$18,718,715$90,821,559
91$115,778,137$29,403,621$19,264,285$99,614,891
92$127,503,432$30,760,324$19,825,563$109,288,572
93$140,422,059$32,180,856$20,402,996$119,931,782
94$154,655,653$33,668,263$20,997,041$131,642,772
95$170,338,257$35,225,735$21,608,169$144,529,789
96$187,617,580$36,856,616$22,236,863$158,712,098
97$206,656,395$38,564,412$22,883,620$174,321,099
98$227,634,077$40,352,798$23,548,951$191,501,565
99$250,748,292$42,225,625$24,233,381$210,413,008
100$276,216,867$44,186,930$24,937,448$231,231,180