How Long Will $8,950,000 Last in Retirement?

How long will savings of $8,950,000 last? When will $8.95 million run out?
Current Savings
$
Yearly Withdrawals
$
Investment Return
(annual)
%

Results

Your savings will last for 24 years and 8 months.

Here is how your savings will change over time:

Year Savings
initial $8,950,000
1 $8,716,123
2 $8,474,060
3 $8,223,525
4 $7,964,221
5 $7,695,842
6 $7,418,069
7 $7,130,575
8 $6,833,018
9 $6,525,046
10 $6,206,296
11 $5,876,389
12 $5,534,935
13 $5,181,531
14 $4,815,757
15 $4,437,182
16 $4,045,356
17 $3,639,816
18 $3,220,083
19 $2,785,659
20 $2,336,029
21 $1,870,663
22 $1,389,010
23 $890,498
24 $374,538

How long will savings of $8,950,000 last in retirement? When will my money run out?

  • Enter your savings, the amount that you withdraw annually, and the return that you receive on your investments.
  • Then, click calculate.

Is $8.95 million enough to retire on? Will I run out of money in retirement? This is just an estimate. Small changes in investment return can have dramatic effects on the length of time that your savings will last.