Can I retire at age 64 with 8,100,000?

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 $8,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$668,890$662,932$657,119$651,446$645,905$628,761
2 years$331,134$324,967$318,990$313,195$307,574$290,421
3 years$218,563$212,369$206,408$200,667$195,138$178,512
4 years$162,289$156,114$150,212$144,569$139,174$123,204
5 years$128,533$122,395$116,571$111,043$105,798$90,528
6 years$106,036$99,945$94,206$88,802$83,714$69,160
7 years$89,974$83,934$78,286$73,009$68,082$54,243
8 years$77,932$71,947$66,393$61,245$56,481$43,350
9 years$68,572$62,642$57,184$52,168$47,565$35,132
10 years$61,087$55,216$49,854$44,969$40,528$28,776
11 years$54,968$49,156$43,891$39,136$34,855$23,767
12 years$49,872$44,120$38,952$34,328$30,205$19,759
13 years$45,564$39,871$34,801$30,306$26,339$16,515
14 years$41,874$36,242$31,269$26,903$23,089$13,864
15 years$38,679$33,108$28,232$23,992$20,329$11,679
16 years$35,886$30,376$25,596$21,483$17,967$9,868
17 years$33,424$27,975$23,291$19,302$15,931$8,358
18 years$31,239$25,850$21,262$17,395$14,165$7,093
19 years$29,285$23,957$19,464$15,718$12,625$6,030
20 years$27,529$22,262$17,863$14,236$11,277$5,134
21 years$25,943$20,737$16,431$12,920$10,092$4,376
22 years$24,502$19,357$15,144$11,747$9,046$3,734
23 years$23,189$18,104$13,983$10,698$8,120$3,189
24 years$21,987$16,962$12,931$9,757$7,299$2,725
25 years$20,883$15,918$11,977$8,911$6,568$2,331
26 years$19,866$14,961$11,108$8,148$5,916$1,994
27 years$18,925$14,080$10,315$7,458$5,334$1,707
28 years$18,053$13,267$9,589$6,833$4,813$1,462
29 years$17,243$12,516$8,923$6,266$4,346$1,252
30 years$16,488$11,820$8,312$5,751$3,927$1,073
31 years$15,783$11,174$7,749$5,281$3,550$920
32 years$15,124$10,573$7,230$4,854$3,211$789
33 years$14,506$10,013$6,751$4,463$2,906$676
34 years$13,925$9,490$6,307$4,107$2,631$580
35 years$13,379$9,001$5,897$3,781$2,383$497
36 years$12,865$8,543$5,516$3,482$2,159$427
37 years$12,379$8,114$5,163$3,208$1,957$366
38 years$11,920$7,711$4,835$2,957$1,774$314
39 years$11,486$7,333$4,530$2,726$1,609$269
40 years$11,074$6,976$4,246$2,515$1,459$231
41 years$10,683$6,641$3,981$2,320$1,324$198
42 years$10,312$6,325$3,735$2,141$1,201$170
43 years$9,960$6,026$3,504$1,977$1,090$146
44 years$9,624$5,744$3,290$1,825$990$125
45 years$9,304$5,477$3,089$1,685$898$108
46 years$8,999$5,225$2,901$1,557$816$92
47 years$8,708$4,987$2,726$1,438$741$79
48 years$8,429$4,760$2,561$1,329$673$68
49 years$8,163$4,546$2,407$1,228$611$58
50 years$7,908$4,342$2,263$1,135$555$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $8,100,000, adding $3,999 every year, while hoping to spend $42,293 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: 43/35/22 Blend
63$8,100,000$8,100,000$8,100,000$8,100,000
64$8,930,325$8,501,025$8,375,475$9,256,925
65$9,796,219$8,872,576$8,611,054$9,860,575
66$10,749,016$9,260,915$8,853,107$10,509,779
67$11,797,537$9,666,821$9,101,807$11,212,306
68$12,951,498$10,091,108$9,357,331$11,973,101
69$14,221,608$10,534,629$9,619,858$12,797,591
70$15,619,664$10,998,278$9,889,576$13,691,738
71$17,158,667$11,482,991$10,166,674$14,662,089
72$18,852,941$11,989,747$10,451,347$15,715,836
73$20,718,270$12,519,574$10,743,796$16,860,881
74$22,772,045$13,073,545$11,044,225$18,105,907
75$25,033,432$13,652,786$11,352,845$19,460,455
76$27,523,547$14,258,478$11,669,870$20,935,015
77$30,265,660$14,891,855$11,995,522$22,541,116
78$33,285,412$15,554,210$12,330,027$24,291,437
79$36,611,058$16,246,900$12,673,616$26,199,915
80$40,273,731$16,971,343$13,026,527$28,281,880
81$44,307,739$17,729,027$13,389,004$30,554,190
82$48,750,889$18,521,509$13,761,295$33,035,387
83$53,644,837$19,350,422$14,143,657$35,745,871
84$59,035,492$20,217,473$14,536,351$38,708,080
85$64,973,438$21,124,455$14,939,644$41,946,706
86$71,514,419$22,073,244$15,353,812$45,488,912
87$78,719,860$23,065,804$15,779,136$49,364,593
88$86,657,453$24,104,195$16,215,904$53,606,646
89$95,401,788$25,190,575$16,664,411$58,251,275
90$105,035,060$26,327,203$17,124,959$63,338,330
91$115,647,849$27,516,449$17,597,858$68,911,671
92$127,339,967$28,760,792$18,083,424$75,019,579
93$140,221,406$30,062,834$18,581,981$81,715,203
94$154,413,375$31,425,298$19,093,862$89,057,055
95$170,049,439$32,851,038$19,619,407$97,109,553
96$187,276,788$34,343,045$20,158,964$105,943,619
97$206,257,620$35,904,453$20,712,888$115,637,346
98$227,170,672$37,538,546$21,281,545$126,276,719
99$250,212,911$39,248,765$21,865,307$137,956,421
100$275,601,389$41,038,716$22,464,556$150,780,716