Can I retire at age 65 with 8,600,000?

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 $8,600,000?

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$710,180$703,854$697,682$691,658$685,776$670,833
2 years$351,574$345,026$338,681$332,528$326,560$311,581
3 years$232,055$225,479$219,149$213,054$207,183$192,635
4 years$172,307$165,751$159,484$153,493$147,765$133,760
5 years$136,467$129,951$123,766$117,898$112,328$98,906
6 years$112,582$106,114$100,022$94,284$88,882$76,056
7 years$95,528$89,115$83,118$77,516$72,285$60,058
8 years$82,743$76,388$70,491$65,026$59,967$48,335
9 years$72,804$66,509$60,714$55,388$50,501$39,456
10 years$64,858$58,625$52,932$47,745$43,029$32,559
11 years$58,361$52,190$46,600$41,552$37,007$27,098
12 years$52,951$46,843$41,357$36,447$32,069$22,707
13 years$48,376$42,332$36,949$32,177$27,965$19,132
14 years$44,459$38,479$33,199$28,563$24,514$16,193
15 years$41,066$35,151$29,974$25,473$21,584$13,756
16 years$38,101$32,251$27,176$22,809$19,076$11,722
17 years$35,488$29,702$24,729$20,493$16,914$10,015
18 years$33,167$27,446$22,575$18,469$15,039$8,575
19 years$31,093$25,436$20,666$16,688$13,405$7,355
20 years$29,229$23,637$18,966$15,114$11,973$6,319
21 years$27,544$22,017$17,445$13,717$10,715$5,436
22 years$26,015$20,552$16,078$12,472$9,604$4,682
23 years$24,621$19,222$14,846$11,359$8,621$4,036
24 years$23,344$18,009$13,730$10,360$7,749$3,483
25 years$22,172$16,901$12,716$9,461$6,973$3,007
26 years$21,092$15,884$11,794$8,651$6,281$2,598
27 years$20,093$14,949$10,952$7,918$5,663$2,246
28 years$19,168$14,086$10,181$7,255$5,110$1,942
29 years$18,307$13,289$9,474$6,653$4,614$1,680
30 years$17,506$12,550$8,825$6,106$4,169$1,454
31 years$16,758$11,864$8,227$5,607$3,769$1,259
32 years$16,058$11,225$7,676$5,153$3,409$1,090
33 years$15,401$10,631$7,167$4,739$3,086$944
34 years$14,785$10,076$6,697$4,360$2,794$818
35 years$14,205$9,556$6,261$4,014$2,530$708
36 years$13,659$9,070$5,857$3,697$2,293$614
37 years$13,143$8,615$5,482$3,406$2,078$532
38 years$12,656$8,187$5,134$3,139$1,884$461
39 years$12,195$7,785$4,810$2,895$1,708$400
40 years$11,758$7,407$4,508$2,670$1,549$346
41 years$11,343$7,051$4,227$2,463$1,406$300
42 years$10,949$6,715$3,965$2,273$1,276$260
43 years$10,575$6,398$3,721$2,099$1,158$226
44 years$10,218$6,099$3,493$1,938$1,051$196
45 years$9,878$5,816$3,279$1,790$954$170
46 years$9,554$5,548$3,080$1,653$866$147
47 years$9,245$5,294$2,894$1,527$786$128
48 years$8,950$5,054$2,719$1,411$714$111
49 years$8,667$4,826$2,556$1,304$649$96
50 years$8,397$4,610$2,403$1,205$589$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $8,600,000, adding $6,094 every year, while hoping to spend $51,557 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: 76/13/11 Blend
64$8,600,000$8,600,000$8,600,000$8,600,000
65$9,483,486$9,027,686$8,894,386$10,184,322
66$10,395,945$9,415,186$9,137,492$11,034,361
67$11,399,747$9,819,946$9,387,013$11,958,781
68$12,504,155$10,242,757$9,643,112$12,970,673
69$13,719,374$10,684,447$9,905,951$14,078,718
70$15,056,648$11,145,883$10,175,699$15,292,471
71$16,528,369$11,627,974$10,452,527$16,622,451
72$18,148,186$12,131,669$10,736,611$18,080,243
73$19,931,144$12,657,963$11,028,130$19,678,600
74$21,893,817$13,207,900$11,327,268$21,431,568
75$24,054,468$13,782,568$11,634,213$23,354,613
76$26,433,221$14,383,111$11,949,156$25,464,767
77$29,052,250$15,010,724$12,272,294$27,780,786
78$31,935,990$15,666,660$12,603,826$30,323,329
79$35,111,364$16,352,230$12,943,958$33,115,147
80$38,608,040$17,068,806$13,292,897$36,181,298
81$42,458,710$17,817,827$13,650,859$39,549,384
82$46,699,397$18,600,799$14,018,061$43,249,804
83$51,369,795$19,419,298$14,394,726$47,316,044
84$56,513,647$20,274,976$14,781,082$51,784,991
85$62,179,151$21,169,562$15,177,360$56,697,274
86$68,419,422$22,104,868$15,583,799$62,097,652
87$75,292,987$23,082,791$16,000,641$68,035,430
88$82,864,342$24,105,318$16,428,133$74,564,923
89$91,204,557$25,174,530$16,866,527$81,745,966
90$100,391,946$26,292,607$17,316,080$89,644,477
91$110,512,813$27,461,833$17,777,057$98,333,077
92$121,662,255$28,684,598$18,249,724$107,891,770
93$133,945,070$29,963,409$18,734,355$118,408,699
94$147,476,741$31,300,889$19,231,229$129,980,973
95$162,384,524$32,699,788$19,740,630$142,715,579
96$178,808,653$34,162,985$20,262,849$156,730,392
97$196,903,662$35,693,498$20,798,181$172,155,283
98$216,839,842$37,294,486$21,346,927$189,133,340
99$238,804,851$38,969,261$21,909,394$207,822,215
100$263,005,482$40,721,291$22,485,895$228,395,613