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

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 $8,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$734,954$728,407$722,020$715,786$709,698$689,190
2 years$363,838$357,062$350,495$344,128$337,952$317,453
3 years$240,150$233,344$226,794$220,486$214,410$194,563
4 years$178,317$171,533$165,048$158,848$152,919$133,876
5 years$141,228$134,484$128,084$122,010$116,247$98,060
6 years$116,509$109,816$103,511$97,573$91,982$74,668
7 years$98,860$92,223$86,018$80,220$74,806$58,364
8 years$85,629$79,052$72,950$67,294$62,059$46,480
9 years$75,344$68,829$62,832$57,320$52,263$37,531
10 years$67,121$60,670$54,778$49,410$44,530$30,626
11 years$60,397$54,011$48,226$43,002$38,298$25,198
12 years$54,798$48,477$42,799$37,718$33,188$20,867
13 years$50,064$43,809$38,238$33,300$28,940$17,370
14 years$46,010$39,821$34,357$29,560$25,369$14,521
15 years$42,499$36,377$31,020$26,362$22,337$12,181
16 years$39,430$33,376$28,124$23,604$19,741$10,248
17 years$36,726$30,738$25,592$21,208$17,504$8,642
18 years$34,324$28,403$23,362$19,113$15,564$7,302
19 years$32,178$26,324$21,387$17,270$13,872$6,179
20 years$30,248$24,461$19,628$15,642$12,391$5,237
21 years$28,505$22,785$18,054$14,196$11,089$4,443
22 years$26,922$21,269$16,639$12,907$9,939$3,774
23 years$25,479$19,892$15,363$11,755$8,922$3,208
24 years$24,159$18,638$14,209$10,721$8,019$2,728
25 years$22,946$17,490$13,160$9,791$7,216$2,322
26 years$21,828$16,438$12,205$8,952$6,500$1,977
27 years$20,794$15,470$11,334$8,194$5,860$1,684
28 years$19,836$14,578$10,536$7,508$5,288$1,435
29 years$18,946$13,752$9,805$6,885$4,775$1,224
30 years$18,117$12,988$9,133$6,319$4,314$1,043
31 years$17,342$12,278$8,514$5,803$3,901$890
32 years$16,618$11,617$7,944$5,333$3,528$759
33 years$15,939$11,002$7,417$4,904$3,193$648
34 years$15,301$10,427$6,930$4,512$2,891$553
35 years$14,701$9,890$6,479$4,154$2,619$472
36 years$14,135$9,387$6,061$3,826$2,373$403
37 years$13,602$8,915$5,673$3,525$2,150$344
38 years$13,097$8,473$5,313$3,249$1,949$293
39 years$12,620$8,057$4,977$2,996$1,768$250
40 years$12,168$7,665$4,665$2,763$1,604$214
41 years$11,739$7,297$4,375$2,549$1,455$182
42 years$11,331$6,949$4,104$2,353$1,320$156
43 years$10,943$6,621$3,851$2,172$1,198$133
44 years$10,574$6,311$3,614$2,005$1,087$114
45 years$10,223$6,018$3,394$1,852$987$97
46 years$9,888$5,741$3,188$1,711$896$83
47 years$9,568$5,479$2,995$1,580$814$71
48 years$9,262$5,230$2,814$1,460$739$60
49 years$8,969$4,995$2,645$1,350$671$52
50 years$8,690$4,771$2,487$1,248$610$44

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 $5,718 every year, while hoping to spend $30,756 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: 52/28/20 Blend
64$8,900,000$8,900,000$8,900,000$8,900,000
65$9,813,698$9,341,998$9,204,048$10,269,617
66$10,781,971$9,767,032$9,479,660$11,009,123
67$11,847,977$10,211,861$9,763,473$11,809,382
68$13,021,653$10,677,424$10,055,731$12,679,178
69$14,313,946$11,164,703$10,356,683$13,625,125
70$15,736,922$11,674,727$10,666,586$14,654,492
71$17,303,875$12,208,576$10,985,703$15,775,268
72$19,029,454$12,767,379$11,314,307$16,996,235
73$20,929,799$13,352,322$11,652,678$18,327,051
74$23,022,699$13,964,646$12,001,103$19,778,332
75$25,327,754$14,605,653$12,359,880$21,361,754
76$27,866,562$15,276,707$12,729,312$23,090,156
77$30,662,922$15,979,237$13,109,716$24,977,662
78$33,743,062$16,714,741$13,501,412$27,039,807
79$37,135,880$17,484,789$13,904,735$29,293,683
80$40,873,222$18,291,027$14,320,027$31,758,092
81$44,990,183$19,135,179$14,747,640$34,453,724
82$49,525,432$20,019,053$15,187,936$37,403,344
83$54,521,583$20,944,543$15,641,289$40,632,006
84$60,025,595$21,913,637$16,108,083$44,167,282
85$66,089,215$22,928,414$16,588,713$48,039,518
86$72,769,466$23,991,058$17,083,586$52,282,115
87$80,129,186$25,103,854$17,593,120$56,931,841
88$88,237,620$26,269,200$18,117,747$62,029,170
89$97,171,075$27,489,608$18,657,909$67,618,656
90$107,013,639$28,767,713$19,214,063$73,749,356
91$117,857,975$30,106,276$19,786,679$80,475,275
92$129,806,194$31,508,189$20,376,239$87,855,879
93$142,970,823$32,976,488$20,983,240$95,956,644
94$157,475,863$34,514,351$21,608,194$104,849,666
95$173,457,960$36,125,114$22,251,628$114,614,338
96$191,067,697$37,812,270$22,914,083$125,338,089
97$210,471,014$39,579,483$23,596,116$137,117,200
98$231,850,773$41,430,593$24,298,302$150,057,705
99$255,408,487$43,369,627$25,021,230$164,276,384
100$281,366,218$45,400,804$25,765,507$179,901,853