Can I retire at age 65 with 8,900,000?

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 $8,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$734,954$728,407$722,020$715,786$709,698$697,367
2 years$363,838$357,062$350,495$344,128$337,952$325,568
3 years$240,150$233,344$226,794$220,486$214,410$202,360
4 years$178,317$171,533$165,048$158,848$152,919$141,296
5 years$141,228$134,484$128,084$122,010$116,247$105,083
6 years$116,509$109,816$103,511$97,573$91,982$81,290
7 years$98,860$92,223$86,018$80,220$74,806$64,590
8 years$85,629$79,052$72,950$67,294$62,059$52,315
9 years$75,344$68,829$62,832$57,320$52,263$42,987
10 years$67,121$60,670$54,778$49,410$44,530$35,714
11 years$60,397$54,011$48,226$43,002$38,298$29,931
12 years$54,798$48,477$42,799$37,718$33,188$25,260
13 years$50,064$43,809$38,238$33,300$28,940$21,439
14 years$46,010$39,821$34,357$29,560$25,369$18,281
15 years$42,499$36,377$31,020$26,362$22,337$15,649
16 years$39,430$33,376$28,124$23,604$19,741$13,439
17 years$36,726$30,738$25,592$21,208$17,504$11,572
18 years$34,324$28,403$23,362$19,113$15,564$9,988
19 years$32,178$26,324$21,387$17,270$13,872$8,638
20 years$30,248$24,461$19,628$15,642$12,391$7,483
21 years$28,505$22,785$18,054$14,196$11,089$6,491
22 years$26,922$21,269$16,639$12,907$9,939$5,638
23 years$25,479$19,892$15,363$11,755$8,922$4,902
24 years$24,159$18,638$14,209$10,721$8,019$4,267
25 years$22,946$17,490$13,160$9,791$7,216$3,716
26 years$21,828$16,438$12,205$8,952$6,500$3,239
27 years$20,794$15,470$11,334$8,194$5,860$2,825
28 years$19,836$14,578$10,536$7,508$5,288$2,465
29 years$18,946$13,752$9,805$6,885$4,775$2,152
30 years$18,117$12,988$9,133$6,319$4,314$1,879
31 years$17,342$12,278$8,514$5,803$3,901$1,641
32 years$16,618$11,617$7,944$5,333$3,528$1,434
33 years$15,939$11,002$7,417$4,904$3,193$1,254
34 years$15,301$10,427$6,930$4,512$2,891$1,096
35 years$14,701$9,890$6,479$4,154$2,619$959
36 years$14,135$9,387$6,061$3,826$2,373$838
37 years$13,602$8,915$5,673$3,525$2,150$733
38 years$13,097$8,473$5,313$3,249$1,949$642
39 years$12,620$8,057$4,977$2,996$1,768$561
40 years$12,168$7,665$4,665$2,763$1,604$491
41 years$11,739$7,297$4,375$2,549$1,455$430
42 years$11,331$6,949$4,104$2,353$1,320$376
43 years$10,943$6,621$3,851$2,172$1,198$329
44 years$10,574$6,311$3,614$2,005$1,087$288
45 years$10,223$6,018$3,394$1,852$987$252
46 years$9,888$5,741$3,188$1,711$896$221
47 years$9,568$5,479$2,995$1,580$814$193
48 years$9,262$5,230$2,814$1,460$739$169
49 years$8,969$4,995$2,645$1,350$671$148
50 years$8,690$4,771$2,487$1,248$610$130

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $8,900,000, adding $6,388 every year, while hoping to spend $51,079 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: 50/25/25 Blend
64$8,900,000$8,900,000$8,900,000$8,900,000
65$9,814,389$9,342,689$9,204,739$10,235,651
66$10,761,109$9,746,133$9,458,750$10,933,092
67$11,802,683$10,167,634$9,719,559$11,685,047
68$12,948,731$10,608,023$9,987,339$12,501,325
69$14,209,855$11,068,169$10,262,267$13,388,043
70$15,597,734$11,548,983$10,544,528$14,351,921
71$17,125,239$12,051,420$10,834,305$15,400,351
72$18,806,550$12,576,476$11,131,791$16,541,455
73$20,657,293$13,125,198$11,437,181$17,784,170
74$22,694,685$13,698,681$11,750,675$19,138,320
75$24,937,696$14,298,070$12,072,476$20,614,712
76$27,407,232$14,924,566$12,402,795$22,225,232
77$30,126,326$15,579,426$12,741,844$23,982,959
78$33,120,359$16,263,966$13,089,844$25,902,279
79$36,417,300$16,979,565$13,447,019$27,999,022
80$40,047,967$17,727,666$13,813,596$30,290,607
81$44,046,319$18,509,781$14,189,811$32,796,203
82$48,449,777$19,327,494$14,575,903$35,536,905
83$53,299,576$20,182,462$14,972,117$38,535,933
84$58,641,154$21,076,424$15,378,705$41,818,844
85$64,524,581$22,011,198$15,795,920$45,413,769
86$71,005,032$22,988,690$16,224,027$49,351,678
87$78,143,305$24,010,896$16,663,292$53,666,663
88$86,006,398$25,079,906$17,113,988$58,396,259
89$94,668,140$26,197,911$17,576,396$63,581,793
90$104,209,886$27,367,204$18,050,801$69,268,767
91$114,721,286$28,590,189$18,537,495$75,507,284
92$126,301,132$29,869,383$19,036,776$82,352,515
93$139,058,288$31,207,423$19,548,948$89,865,216
94$153,112,719$32,607,072$20,074,323$98,112,293
95$168,596,622$34,071,224$20,613,219$107,167,426
96$185,655,674$35,602,911$21,165,959$117,111,765
97$204,450,410$37,205,311$21,732,875$128,034,681
98$225,157,730$38,881,750$22,314,305$140,034,609
99$247,972,579$40,635,716$22,910,595$153,219,965
100$273,109,779$42,470,862$23,522,096$167,710,167