Can I retire at age 65 with 8,900,000?

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 $8,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$734,954$728,407$722,020$715,786$709,698$704,046
2 years$363,838$357,062$350,495$344,128$337,952$332,254
3 years$240,150$233,344$226,794$220,486$214,410$208,844
4 years$178,317$171,533$165,048$158,848$152,919$147,527
5 years$141,228$134,484$128,084$122,010$116,247$111,044
6 years$116,509$109,816$103,511$97,573$91,982$86,976
7 years$98,860$92,223$86,018$80,220$74,806$69,999
8 years$85,629$79,052$72,950$67,294$62,059$57,450
9 years$75,344$68,829$62,832$57,320$52,263$47,851
10 years$67,121$60,670$54,778$49,410$44,530$40,314
11 years$60,397$54,011$48,226$43,002$38,298$34,273
12 years$54,798$48,477$42,799$37,718$33,188$29,351
13 years$50,064$43,809$38,238$33,300$28,940$25,288
14 years$46,010$39,821$34,357$29,560$25,369$21,896
15 years$42,499$36,377$31,020$26,362$22,337$19,038
16 years$39,430$33,376$28,124$23,604$19,741$16,612
17 years$36,726$30,738$25,592$21,208$17,504$14,539
18 years$34,324$28,403$23,362$19,113$15,564$12,757
19 years$32,178$26,324$21,387$17,270$13,872$11,219
20 years$30,248$24,461$19,628$15,642$12,391$9,885
21 years$28,505$22,785$18,054$14,196$11,089$8,724
22 years$26,922$21,269$16,639$12,907$9,939$7,711
23 years$25,479$19,892$15,363$11,755$8,922$6,824
24 years$24,159$18,638$14,209$10,721$8,019$6,046
25 years$22,946$17,490$13,160$9,791$7,216$5,362
26 years$21,828$16,438$12,205$8,952$6,500$4,760
27 years$20,794$15,470$11,334$8,194$5,860$4,228
28 years$19,836$14,578$10,536$7,508$5,288$3,758
29 years$18,946$13,752$9,805$6,885$4,775$3,342
30 years$18,117$12,988$9,133$6,319$4,314$2,974
31 years$17,342$12,278$8,514$5,803$3,901$2,648
32 years$16,618$11,617$7,944$5,333$3,528$2,359
33 years$15,939$11,002$7,417$4,904$3,193$2,101
34 years$15,301$10,427$6,930$4,512$2,891$1,873
35 years$14,701$9,890$6,479$4,154$2,619$1,670
36 years$14,135$9,387$6,061$3,826$2,373$1,489
37 years$13,602$8,915$5,673$3,525$2,150$1,328
38 years$13,097$8,473$5,313$3,249$1,949$1,185
39 years$12,620$8,057$4,977$2,996$1,768$1,057
40 years$12,168$7,665$4,665$2,763$1,604$944
41 years$11,739$7,297$4,375$2,549$1,455$842
42 years$11,331$6,949$4,104$2,353$1,320$752
43 years$10,943$6,621$3,851$2,172$1,198$671
44 years$10,574$6,311$3,614$2,005$1,087$599
45 years$10,223$6,018$3,394$1,852$987$535
46 years$9,888$5,741$3,188$1,711$896$478
47 years$9,568$5,479$2,995$1,580$814$427
48 years$9,262$5,230$2,814$1,460$739$381
49 years$8,969$4,995$2,645$1,350$671$341
50 years$8,690$4,771$2,487$1,248$610$304

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $8,900,000, adding $6,422 every year, while hoping to spend $53,402 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: 68/13/19 Blend
64$8,900,000$8,900,000$8,900,000$8,900,000
65$9,814,424$9,342,724$9,204,774$10,435,556
66$10,758,676$9,743,698$9,456,315$11,252,424
67$11,797,452$10,162,531$9,714,492$12,138,801
68$12,940,337$10,600,039$9,979,473$13,107,080
69$14,197,892$11,057,082$10,251,425$14,165,327
70$15,581,753$11,534,555$10,530,524$15,322,416
71$17,104,741$12,033,398$10,816,946$16,588,120
72$18,780,985$12,554,594$11,110,874$17,973,194
73$20,626,049$13,099,173$11,412,492$19,489,480
74$22,657,086$13,668,212$11,721,991$21,150,015
75$24,892,995$14,262,841$12,039,564$22,969,154
76$27,354,601$14,884,241$12,365,409$24,962,702
77$30,064,850$15,533,648$12,699,730$27,148,063
78$33,049,027$16,212,359$13,042,733$29,544,402
79$36,334,993$16,921,730$13,394,630$32,172,824
80$39,953,449$17,663,181$13,755,637$35,056,571
81$43,938,224$18,438,201$14,125,975$38,221,240
82$48,326,597$19,248,347$14,505,868$41,695,022
83$53,159,644$20,095,250$14,895,549$45,508,967
84$58,482,629$20,980,618$15,295,252$49,697,274
85$64,345,431$21,906,242$15,705,216$54,297,610
86$70,803,012$22,873,996$16,125,688$59,351,466
87$77,915,938$23,885,841$16,556,918$64,904,546
88$85,750,950$24,943,833$16,999,161$71,007,192
89$94,381,593$26,050,126$17,452,678$77,714,861
90$103,888,908$27,206,975$17,917,736$85,088,643
91$114,362,202$28,416,742$18,394,605$93,195,836
92$125,899,885$29,681,901$18,883,563$102,110,577
93$138,610,403$31,005,044$19,384,893$111,914,541
94$152,613,260$32,388,887$19,898,881$122,697,705
95$168,040,142$33,836,272$20,425,824$134,559,196
96$185,036,167$35,350,179$20,966,019$147,608,225
97$203,761,248$36,933,730$21,519,773$161,965,111
98$224,391,606$38,590,194$22,087,396$177,762,414
99$247,121,432$40,322,996$22,669,206$195,146,182
100$272,164,719$42,135,724$23,265,526$214,277,327