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%15.3%
1 years$734,954$728,407$722,020$715,786$709,698$694,234
2 years$363,838$357,062$350,495$344,128$337,952$322,450
3 years$240,150$233,344$226,794$220,486$214,410$199,355
4 years$178,317$171,533$165,048$158,848$152,919$138,426
5 years$141,228$134,484$128,084$122,010$116,247$102,356
6 years$116,509$109,816$103,511$97,573$91,982$78,709
7 years$98,860$92,223$86,018$80,220$74,806$62,153
8 years$85,629$79,052$72,950$67,294$62,059$50,021
9 years$75,344$68,829$62,832$57,320$52,263$40,832
10 years$67,121$60,670$54,778$49,410$44,530$33,695
11 years$60,397$54,011$48,226$43,002$38,298$28,043
12 years$54,798$48,477$42,799$37,718$33,188$23,499
13 years$50,064$43,809$38,238$33,300$28,940$19,799
14 years$46,010$39,821$34,357$29,560$25,369$16,757
15 years$42,499$36,377$31,020$26,362$22,337$14,236
16 years$39,430$33,376$28,124$23,604$19,741$12,131
17 years$36,726$30,738$25,592$21,208$17,504$10,364
18 years$34,324$28,403$23,362$19,113$15,564$8,874
19 years$32,178$26,324$21,387$17,270$13,872$7,612
20 years$30,248$24,461$19,628$15,642$12,391$6,540
21 years$28,505$22,785$18,054$14,196$11,089$5,626
22 years$26,922$21,269$16,639$12,907$9,939$4,845
23 years$25,479$19,892$15,363$11,755$8,922$4,177
24 years$24,159$18,638$14,209$10,721$8,019$3,604
25 years$22,946$17,490$13,160$9,791$7,216$3,112
26 years$21,828$16,438$12,205$8,952$6,500$2,688
27 years$20,794$15,470$11,334$8,194$5,860$2,324
28 years$19,836$14,578$10,536$7,508$5,288$2,010
29 years$18,946$13,752$9,805$6,885$4,775$1,739
30 years$18,117$12,988$9,133$6,319$4,314$1,505
31 years$17,342$12,278$8,514$5,803$3,901$1,303
32 years$16,618$11,617$7,944$5,333$3,528$1,128
33 years$15,939$11,002$7,417$4,904$3,193$977
34 years$15,301$10,427$6,930$4,512$2,891$846
35 years$14,701$9,890$6,479$4,154$2,619$733
36 years$14,135$9,387$6,061$3,826$2,373$635
37 years$13,602$8,915$5,673$3,525$2,150$551
38 years$13,097$8,473$5,313$3,249$1,949$477
39 years$12,620$8,057$4,977$2,996$1,768$414
40 years$12,168$7,665$4,665$2,763$1,604$358
41 years$11,739$7,297$4,375$2,549$1,455$311
42 years$11,331$6,949$4,104$2,353$1,320$269
43 years$10,943$6,621$3,851$2,172$1,198$234
44 years$10,574$6,311$3,614$2,005$1,087$203
45 years$10,223$6,018$3,394$1,852$987$176
46 years$9,888$5,741$3,188$1,711$896$152
47 years$9,568$5,479$2,995$1,580$814$132
48 years$9,262$5,230$2,814$1,460$739$115
49 years$8,969$4,995$2,645$1,350$671$99
50 years$8,690$4,771$2,487$1,248$610$86

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 $4,788 every year, while hoping to spend $27,826 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: 56/21/23 Blend
64$8,900,000$8,900,000$8,900,000$8,900,000
65$9,812,739$9,341,039$9,203,089$10,300,624
66$10,784,032$9,769,143$9,481,786$11,063,178
67$11,853,463$10,217,292$9,768,886$11,890,184
68$13,031,016$10,686,438$10,064,643$12,790,598
69$14,327,686$11,177,580$10,369,315$13,771,489
70$15,755,592$11,691,764$10,683,170$14,840,630
71$17,328,090$12,230,088$11,006,483$16,006,570
72$19,059,893$12,793,700$11,339,538$17,278,709
73$20,967,217$13,383,806$11,682,627$18,667,390
74$23,067,929$14,001,669$12,036,051$20,183,988
75$25,381,719$14,648,611$12,400,120$21,841,019
76$27,930,282$15,326,021$12,775,152$23,652,255
77$30,737,527$16,035,352$13,161,476$25,632,847
78$33,829,799$16,778,129$13,559,429$27,799,470
79$37,236,130$17,555,948$13,969,362$30,170,476
80$40,988,511$18,370,485$14,391,631$32,766,060
81$45,122,195$19,223,495$14,826,606$35,608,452
82$49,676,029$20,116,817$15,274,668$38,722,123
83$54,692,823$21,052,380$15,736,209$42,134,007
84$60,219,750$22,032,206$16,211,631$45,873,759
85$66,308,794$23,058,413$16,701,349$49,974,024
86$73,017,238$24,133,223$17,205,792$54,470,744
87$80,408,211$25,258,965$17,725,400$59,403,494
88$88,551,273$26,438,079$18,260,626$64,815,848
89$97,523,083$27,673,125$18,811,937$70,755,787
90$107,408,114$28,966,784$19,379,814$77,276,148
91$118,299,455$30,321,870$19,964,751$84,435,114
92$130,299,688$31,741,330$20,567,258$92,296,762
93$143,521,856$33,228,255$21,187,861$100,931,658
94$158,090,530$34,785,885$21,827,100$110,417,521
95$174,142,986$36,417,616$22,485,530$120,839,946
96$191,830,501$38,127,009$23,163,725$132,293,210
97$211,319,777$39,917,798$23,862,275$144,881,151
98$232,794,521$41,793,896$24,581,788$158,718,146
99$256,457,172$43,759,407$25,322,888$173,930,176
100$282,530,819$45,818,633$26,086,219$190,656,014