Can I retire at age 65 with 8,800,000?

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 $8,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$726,696$720,223$713,907$707,743$701,724$674,149
2 years$359,750$353,050$346,557$340,261$334,154$306,710
3 years$237,451$230,722$224,245$218,009$212,001$185,552
4 years$176,314$169,605$163,193$157,063$151,201$125,948
5 years$139,641$132,973$126,645$120,639$114,941$90,949
6 years$115,200$108,582$102,348$96,476$90,949$68,233
7 years$97,749$91,187$85,051$79,318$73,966$52,519
8 years$84,667$78,164$72,130$66,538$61,362$41,162
9 years$74,498$68,056$62,126$56,676$51,675$32,693
10 years$66,367$59,988$54,163$48,855$44,030$26,228
11 years$59,718$53,404$47,684$42,519$37,867$21,204
12 years$54,182$47,932$42,318$37,295$32,815$17,247
13 years$49,501$43,317$37,809$32,925$28,615$14,095
14 years$45,493$39,374$33,971$29,228$25,084$11,564
15 years$42,022$35,969$30,671$26,066$22,086$9,517
16 years$38,987$33,001$27,808$23,339$19,520$7,851
17 years$36,313$30,392$25,304$20,970$17,307$6,490
18 years$33,938$28,084$23,100$18,898$15,389$5,375
19 years$31,816$26,028$21,147$17,076$13,717$4,457
20 years$29,908$24,186$19,407$15,466$12,252$3,700
21 years$28,185$22,529$17,851$14,036$10,964$3,074
22 years$26,620$21,030$16,452$12,762$9,828$2,556
23 years$25,193$19,669$15,191$11,623$8,822$2,127
24 years$23,887$18,428$14,049$10,601$7,929$1,771
25 years$22,688$17,294$13,012$9,681$7,135$1,475
26 years$21,582$16,254$12,068$8,852$6,427$1,229
27 years$20,560$15,296$11,206$8,102$5,795$1,024
28 years$19,613$14,414$10,418$7,423$5,229$854
29 years$18,733$13,598$9,695$6,807$4,721$712
30 years$17,913$12,842$9,030$6,248$4,266$594
31 years$17,147$12,140$8,419$5,738$3,857$495
32 years$16,431$11,487$7,855$5,273$3,489$413
33 years$15,760$10,878$7,334$4,849$3,157$345
34 years$15,129$10,310$6,852$4,462$2,859$288
35 years$14,536$9,779$6,407$4,107$2,589$240
36 years$13,976$9,281$5,993$3,783$2,346$200
37 years$13,449$8,815$5,609$3,485$2,126$167
38 years$12,950$8,378$5,253$3,212$1,928$139
39 years$12,478$7,966$4,922$2,962$1,748$116
40 years$12,031$7,579$4,613$2,732$1,585$97
41 years$11,607$7,215$4,325$2,521$1,438$81
42 years$11,204$6,871$4,057$2,326$1,305$68
43 years$10,820$6,547$3,807$2,147$1,185$56
44 years$10,456$6,240$3,574$1,983$1,075$47
45 years$10,108$5,951$3,356$1,831$976$39
46 years$9,777$5,677$3,152$1,691$886$33
47 years$9,460$5,417$2,961$1,563$805$27
48 years$9,158$5,172$2,783$1,444$731$23
49 years$8,869$4,939$2,615$1,335$664$19
50 years$8,592$4,718$2,459$1,233$603$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $8,800,000, adding $6,273 every year, while hoping to spend $26,658 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: 38/36/26 Blend
64$8,800,000$8,800,000$8,800,000$8,800,000
65$9,704,071$9,237,671$9,101,271$9,997,372
66$10,665,522$9,661,953$9,377,799$10,636,789
67$11,724,148$10,106,131$9,662,698$11,324,452
68$12,889,832$10,571,152$9,956,220$12,067,137
69$14,173,465$11,058,009$10,258,623$12,869,848
70$15,587,048$11,567,741$10,570,177$13,738,077
71$17,143,806$12,101,439$10,891,156$14,677,847
72$18,858,309$12,660,245$11,221,845$15,695,767
73$20,746,615$13,245,355$11,562,536$16,799,092
74$22,826,419$13,858,026$11,913,529$17,995,787
75$25,117,217$14,499,573$12,275,136$19,294,598
76$27,640,495$15,171,375$12,647,676$20,705,127
77$30,419,930$15,874,877$13,031,477$22,237,924
78$33,481,610$16,611,593$13,426,879$23,904,577
79$36,854,286$17,383,112$13,834,231$25,717,819
80$40,569,637$18,191,099$14,253,891$27,691,642
81$44,662,575$19,037,297$14,686,231$29,841,423
82$49,171,569$19,923,537$15,131,632$32,184,065
83$54,139,014$20,851,735$15,590,486$34,738,151
84$59,611,624$21,823,900$16,063,198$37,524,111
85$65,640,879$22,842,141$16,550,185$40,564,410
86$72,283,508$23,908,664$17,051,875$43,883,753
87$79,602,023$25,025,786$17,568,710$47,509,311
88$87,665,313$26,195,934$18,101,145$51,470,971
89$96,549,291$27,421,650$18,649,650$55,801,609
90$106,337,611$28,705,604$19,214,706$60,537,393
91$117,122,459$30,050,590$19,796,810$65,718,117
92$129,005,422$31,459,541$20,396,475$71,387,565
93$142,098,446$32,935,529$21,014,228$77,593,918
94$156,524,894$34,481,777$21,650,611$84,390,199
95$172,420,710$36,101,661$22,306,184$91,834,762
96$189,935,704$37,798,724$22,981,522$99,991,833
97$209,234,961$39,576,677$23,677,219$108,932,104
98$230,500,406$41,439,413$24,393,885$118,733,393
99$253,932,516$43,391,013$25,132,148$129,481,361
100$279,752,215$45,435,754$25,892,657$141,270,313