Can I retire at age 65 with 8,200,000?

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 $8,200,000?

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$677,148$671,117$665,232$659,488$653,880$634,984
2 years$335,222$328,979$322,928$317,062$311,371$292,485
3 years$221,261$214,991$208,956$203,144$197,547$179,261
4 years$164,292$158,041$152,066$146,354$140,892$123,347
5 years$130,120$123,906$118,010$112,414$107,104$90,347
6 years$107,345$101,179$95,369$89,898$84,748$68,795
7 years$91,085$84,970$79,252$73,910$68,922$53,774
8 years$78,894$72,835$67,212$62,002$57,178$42,824
9 years$69,418$63,416$57,890$52,812$48,152$34,579
10 years$61,842$55,898$50,470$45,524$41,028$28,217
11 years$55,647$49,763$44,433$39,620$35,285$23,216
12 years$50,488$44,664$39,433$34,752$30,578$19,225
13 years$46,126$40,363$35,231$30,681$26,664$16,004
14 years$42,391$36,689$31,655$27,235$23,374$13,379
15 years$39,156$33,516$28,580$24,289$20,580$11,223
16 years$36,329$30,751$25,912$21,748$18,189$9,442
17 years$33,837$28,320$23,579$19,540$16,127$7,962
18 years$31,624$26,169$21,525$17,610$14,340$6,727
19 years$29,647$24,253$19,705$15,912$12,781$5,693
20 years$27,869$22,537$18,084$14,411$11,416$4,825
21 years$26,263$20,993$16,634$13,079$10,216$4,094
22 years$24,805$19,596$15,331$11,892$9,158$3,477
23 years$23,475$18,328$14,155$10,830$8,220$2,955
24 years$22,259$17,172$13,091$9,878$7,389$2,514
25 years$21,141$16,115$12,125$9,021$6,649$2,139
26 years$20,111$15,145$11,245$8,248$5,989$1,822
27 years$19,159$14,254$10,442$7,550$5,400$1,552
28 years$18,276$13,431$9,707$6,917$4,872$1,323
29 years$17,456$12,671$9,034$6,343$4,399$1,127
30 years$16,692$11,966$8,414$5,822$3,975$961
31 years$15,978$11,312$7,845$5,347$3,594$820
32 years$15,311$10,703$7,319$4,914$3,251$699
33 years$14,685$10,136$6,834$4,519$2,942$597
34 years$14,097$9,607$6,385$4,157$2,664$509
35 years$13,544$9,112$5,970$3,827$2,413$435
36 years$13,023$8,649$5,585$3,525$2,186$371
37 years$12,532$8,214$5,227$3,248$1,981$317
38 years$12,067$7,806$4,895$2,993$1,796$270
39 years$11,627$7,423$4,586$2,760$1,629$231
40 years$11,211$7,062$4,298$2,546$1,477$197
41 years$10,815$6,723$4,031$2,349$1,340$168
42 years$10,440$6,403$3,781$2,168$1,216$144
43 years$10,083$6,100$3,548$2,001$1,104$123
44 years$9,743$5,815$3,330$1,848$1,002$105
45 years$9,419$5,545$3,127$1,706$910$89
46 years$9,110$5,290$2,937$1,576$826$76
47 years$8,815$5,048$2,759$1,456$750$65
48 years$8,533$4,819$2,593$1,346$681$56
49 years$8,264$4,602$2,437$1,244$619$47
50 years$8,006$4,396$2,291$1,149$562$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $8,200,000, adding $3,389 every year, while hoping to spend $27,616 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: 65/15/20 Blend
64$8,200,000$8,200,000$8,200,000$8,200,000
65$9,039,896$8,605,296$8,478,196$9,581,483
66$9,932,582$8,997,572$8,732,832$10,337,914
67$10,915,396$9,408,144$8,995,073$11,160,787
68$11,997,503$9,837,880$9,265,145$12,059,420
69$13,189,000$10,287,688$9,543,279$13,041,236
70$14,501,014$10,758,520$9,829,714$14,114,404
71$15,945,806$11,251,376$10,124,698$15,287,917
72$17,536,885$11,767,300$10,428,482$16,571,667
73$19,289,140$12,307,390$10,741,329$17,976,545
74$21,218,975$12,872,795$11,063,506$19,514,538
75$23,344,466$13,464,718$11,395,289$21,198,842
76$25,685,534$14,084,422$11,736,964$23,043,982
77$28,264,129$14,733,229$12,088,823$25,065,950
78$31,104,439$15,412,526$12,451,167$27,282,352
79$34,233,117$16,123,765$12,824,307$29,712,574
80$37,679,536$16,868,470$13,208,562$32,377,960
81$41,476,060$17,648,237$13,604,260$35,302,012
82$45,658,356$18,464,738$14,011,741$38,510,612
83$50,265,726$19,319,728$14,431,351$42,032,259
84$55,341,479$20,215,044$14,863,451$45,898,340
85$60,933,342$21,152,613$15,308,409$50,143,421
86$67,093,906$22,134,454$15,766,604$54,805,569
87$73,881,127$23,162,685$16,238,427$59,926,711
88$81,358,869$24,239,524$16,724,282$65,553,027
89$89,597,510$25,367,296$17,224,581$71,735,379
90$98,674,603$26,548,441$17,739,751$78,529,792
91$108,675,611$27,785,513$18,270,232$85,997,974
92$119,694,712$29,081,192$18,816,473$94,207,901
93$131,835,689$30,438,286$19,378,941$103,234,450
94$145,212,906$31,859,740$19,958,113$113,160,103
95$159,952,395$33,348,639$20,554,482$124,075,723
96$176,193,035$34,908,218$21,168,553$136,081,406
97$194,087,875$36,541,871$21,800,849$149,287,419
98$213,805,567$38,253,152$22,451,907$163,815,239
99$235,531,967$40,045,788$23,122,278$179,798,697
100$259,471,883$41,923,688$23,812,530$197,385,229