Can I retire at age 65 with 8,500,000?

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 $8,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$701,922$695,670$689,570$683,616$677,802$662,223
2 years$347,486$341,015$334,743$328,661$322,763$307,154
3 years$229,356$222,857$216,601$210,577$204,774$189,622
4 years$170,303$163,823$157,630$151,709$146,047$131,468
5 years$134,880$128,439$122,327$116,527$111,022$97,058
6 years$111,273$104,880$98,859$93,187$87,848$74,513
7 years$94,417$88,078$82,152$76,614$71,444$58,740
8 years$81,781$75,500$69,671$64,270$59,270$47,192
9 years$71,958$65,736$60,008$54,744$49,914$38,453
10 years$64,104$57,943$52,316$47,190$42,529$31,673
11 years$57,683$51,583$46,058$41,069$36,576$26,310
12 years$52,335$46,298$40,876$36,023$31,696$22,004
13 years$47,814$41,840$36,520$31,803$27,640$18,502
14 years$43,942$38,032$32,813$28,231$24,229$15,628
15 years$40,589$34,743$29,626$25,177$21,333$13,248
16 years$37,658$31,876$26,860$22,544$18,854$11,266
17 years$35,075$29,356$24,442$20,255$16,717$9,604
18 years$32,781$27,126$22,312$18,254$14,864$8,205
19 years$30,731$25,141$20,426$16,494$13,249$7,023
20 years$28,889$23,362$18,746$14,939$11,834$6,020
21 years$27,224$21,761$17,242$13,558$10,590$5,167
22 years$25,712$20,313$15,892$12,327$9,493$4,439
23 years$24,334$18,998$14,673$11,226$8,521$3,818
24 years$23,073$17,800$13,570$10,239$7,659$3,287
25 years$21,914$16,704$12,569$9,351$6,892$2,831
26 years$20,847$15,699$11,657$8,550$6,208$2,440
27 years$19,860$14,775$10,824$7,826$5,597$2,104
28 years$18,945$13,922$10,063$7,170$5,050$1,815
29 years$18,094$13,134$9,364$6,575$4,560$1,566
30 years$17,302$12,404$8,722$6,035$4,121$1,352
31 years$16,563$11,726$8,132$5,542$3,725$1,168
32 years$15,871$11,095$7,587$5,093$3,370$1,009
33 years$15,222$10,507$7,084$4,684$3,050$871
34 years$14,613$9,958$6,619$4,310$2,761$753
35 years$14,040$9,445$6,188$3,967$2,501$651
36 years$13,500$8,965$5,789$3,654$2,266$562
37 years$12,990$8,515$5,418$3,366$2,054$486
38 years$12,509$8,092$5,074$3,103$1,862$420
39 years$12,053$7,695$4,754$2,861$1,688$363
40 years$11,621$7,321$4,456$2,639$1,531$314
41 years$11,211$6,969$4,178$2,435$1,389$272
42 years$10,822$6,637$3,919$2,247$1,261$235
43 years$10,452$6,324$3,678$2,074$1,144$203
44 years$10,099$6,028$3,452$1,915$1,039$176
45 years$9,763$5,748$3,241$1,769$943$152
46 years$9,443$5,483$3,044$1,634$856$131
47 years$9,138$5,233$2,860$1,509$777$114
48 years$8,846$4,995$2,688$1,395$706$98
49 years$8,566$4,770$2,526$1,289$641$85
50 years$8,299$4,557$2,375$1,191$582$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $8,500,000, adding $3,041 every year, while hoping to spend $38,429 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: 61/34/5 Blend
64$8,500,000$8,500,000$8,500,000$8,500,000
65$9,370,137$8,919,637$8,787,887$9,933,932
66$10,285,003$9,315,811$9,041,393$10,706,869
67$11,291,897$9,730,109$9,302,103$11,545,063
68$12,400,165$10,163,380$9,570,219$12,458,556
69$13,620,107$10,616,511$9,845,946$13,454,597
70$14,963,070$11,090,431$10,129,497$14,541,158
71$16,441,556$11,586,115$10,421,088$15,727,003
72$18,069,344$12,104,584$10,720,944$17,021,768
73$19,861,615$12,646,907$11,029,294$18,436,052
74$21,835,097$13,214,203$11,346,372$19,981,512
75$24,008,224$13,807,646$11,672,423$21,670,970
76$26,401,307$14,428,464$12,007,693$23,518,532
77$29,036,728$15,077,947$12,352,439$25,539,715
78$31,939,151$15,757,443$12,706,922$27,751,594
79$35,135,752$16,468,365$13,071,411$30,172,957
80$38,656,478$17,212,195$13,446,184$32,824,476
81$42,534,331$17,990,484$13,831,523$35,728,903
82$46,805,674$18,804,859$14,227,719$38,911,278
83$51,510,578$19,657,022$14,635,073$42,399,162
84$56,693,200$20,548,760$15,053,891$46,222,889
85$62,402,198$21,481,941$15,484,489$50,415,853
86$68,691,193$22,458,527$15,927,190$55,014,814
87$75,619,270$23,480,570$16,382,326$60,060,240
88$83,251,541$24,550,223$16,850,239$65,596,686
89$91,659,755$25,669,741$17,331,279$71,673,206
90$100,922,979$26,841,487$17,825,806$78,343,812
91$111,128,340$28,067,937$18,334,188$85,667,974
92$122,371,851$29,351,687$18,856,804$93,711,181
93$134,759,316$30,695,455$19,394,042$102,545,545
94$148,407,327$32,102,093$19,946,303$112,250,480
95$163,444,365$33,574,586$20,513,995$122,913,440
96$180,012,015$35,116,066$21,097,539$134,630,740
97$198,266,299$36,729,812$21,697,366$147,508,453
98$218,379,153$38,419,264$22,313,918$161,663,406
99$240,540,042$40,188,023$22,947,650$177,224,273
100$264,957,758$42,039,868$23,599,028$194,332,777