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%11.8%
1 years$734,954$728,407$722,020$715,786$709,698$704,341
2 years$363,838$357,062$350,495$344,128$337,952$332,550
3 years$240,150$233,344$226,794$220,486$214,410$209,132
4 years$178,317$171,533$165,048$158,848$152,919$147,805
5 years$141,228$134,484$128,084$122,010$116,247$111,312
6 years$116,509$109,816$103,511$97,573$91,982$87,232
7 years$98,860$92,223$86,018$80,220$74,806$70,244
8 years$85,629$79,052$72,950$67,294$62,059$57,684
9 years$75,344$68,829$62,832$57,320$52,263$48,074
10 years$67,121$60,670$54,778$49,410$44,530$40,526
11 years$60,397$54,011$48,226$43,002$38,298$34,475
12 years$54,798$48,477$42,799$37,718$33,188$29,543
13 years$50,064$43,809$38,238$33,300$28,940$25,469
14 years$46,010$39,821$34,357$29,560$25,369$22,067
15 years$42,499$36,377$31,020$26,362$22,337$19,200
16 years$39,430$33,376$28,124$23,604$19,741$16,765
17 years$36,726$30,738$25,592$21,208$17,504$14,683
18 years$34,324$28,403$23,362$19,113$15,564$12,893
19 years$32,178$26,324$21,387$17,270$13,872$11,346
20 years$30,248$24,461$19,628$15,642$12,391$10,004
21 years$28,505$22,785$18,054$14,196$11,089$8,836
22 years$26,922$21,269$16,639$12,907$9,939$7,816
23 years$25,479$19,892$15,363$11,755$8,922$6,922
24 years$24,159$18,638$14,209$10,721$8,019$6,138
25 years$22,946$17,490$13,160$9,791$7,216$5,447
26 years$21,828$16,438$12,205$8,952$6,500$4,839
27 years$20,794$15,470$11,334$8,194$5,860$4,302
28 years$19,836$14,578$10,536$7,508$5,288$3,827
29 years$18,946$13,752$9,805$6,885$4,775$3,406
30 years$18,117$12,988$9,133$6,319$4,314$3,034
31 years$17,342$12,278$8,514$5,803$3,901$2,703
32 years$16,618$11,617$7,944$5,333$3,528$2,410
33 years$15,939$11,002$7,417$4,904$3,193$2,149
34 years$15,301$10,427$6,930$4,512$2,891$1,917
35 years$14,701$9,890$6,479$4,154$2,619$1,710
36 years$14,135$9,387$6,061$3,826$2,373$1,526
37 years$13,602$8,915$5,673$3,525$2,150$1,363
38 years$13,097$8,473$5,313$3,249$1,949$1,217
39 years$12,620$8,057$4,977$2,996$1,768$1,087
40 years$12,168$7,665$4,665$2,763$1,604$971
41 years$11,739$7,297$4,375$2,549$1,455$867
42 years$11,331$6,949$4,104$2,353$1,320$775
43 years$10,943$6,621$3,851$2,172$1,198$692
44 years$10,574$6,311$3,614$2,005$1,087$619
45 years$10,223$6,018$3,394$1,852$987$553
46 years$9,888$5,741$3,188$1,711$896$494
47 years$9,568$5,479$2,995$1,580$814$442
48 years$9,262$5,230$2,814$1,460$739$395
49 years$8,969$4,995$2,645$1,350$671$353
50 years$8,690$4,771$2,487$1,248$610$316

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 $2,658 every year, while hoping to spend $42,778 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: 62/20/18 Blend
64$8,900,000$8,900,000$8,900,000$8,900,000
65$9,810,542$9,338,842$9,200,892$10,373,669
66$10,765,702$9,750,930$9,463,606$11,165,416
67$11,816,854$10,181,776$9,733,688$12,024,354
68$12,973,745$10,632,255$10,011,338$12,961,067
69$14,247,113$11,103,282$10,296,764$13,983,123
70$15,648,792$11,595,815$10,590,179$15,098,848
71$17,191,818$12,110,860$10,891,800$16,317,400
72$18,890,559$12,649,468$11,201,851$17,648,859
73$20,760,845$13,212,740$11,520,561$19,104,314
74$22,820,118$13,801,832$11,848,167$20,695,969
75$25,087,600$14,417,951$12,184,910$22,437,255
76$27,584,470$15,062,365$12,531,039$24,342,954
77$30,334,065$15,736,400$12,886,808$26,429,338
78$33,362,102$16,441,447$13,252,479$28,714,318
79$36,696,919$17,178,960$13,628,320$31,217,611
80$40,369,741$17,950,466$14,014,605$33,960,922
81$44,414,978$18,757,562$14,411,618$36,968,150
82$48,870,547$19,601,923$14,819,647$40,265,606
83$53,778,228$20,485,303$15,238,991$43,882,260
84$59,184,064$21,409,539$15,669,954$47,850,012
85$65,138,789$22,376,557$16,112,848$52,203,989
86$71,698,312$23,388,375$16,567,995$56,982,872
87$78,924,240$24,447,105$17,035,723$62,229,259
88$86,884,463$25,554,964$17,516,370$67,990,062
89$95,653,791$26,714,271$18,010,282$74,316,948
90$105,314,666$27,927,458$18,517,814$81,266,818
91$115,957,932$29,197,073$19,039,331$88,902,345
92$127,683,697$30,525,787$19,575,205$97,292,556
93$140,602,280$31,916,396$20,125,820$106,513,482
94$154,835,246$33,371,832$20,691,568$116,648,872
95$170,516,557$34,895,168$21,272,852$127,790,974
96$187,793,838$36,489,623$21,870,084$140,041,402
97$206,829,766$38,158,572$22,483,689$153,512,091
98$227,803,609$39,905,548$23,114,099$168,326,347
99$250,912,916$41,734,259$23,761,760$184,620,004
100$276,375,382$43,648,587$24,427,128$202,542,699