Can I retire at age 67 with 10,300,000?

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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$850,564$842,988$835,596$828,381$821,336$805,082
2 years$421,071$413,229$405,629$398,260$391,113$374,806
3 years$277,926$270,050$262,469$255,169$248,138$232,286
4 years$206,367$198,515$191,010$183,835$176,974$161,700
5 years$163,443$155,638$148,232$141,203$134,533$119,880
6 years$134,836$127,090$119,793$112,921$106,451$92,436
7 years$114,411$106,730$99,549$92,839$86,573$73,198
8 years$99,099$91,488$84,425$77,880$71,821$59,082
9 years$87,196$79,656$72,715$66,337$60,484$48,373
10 years$77,679$70,213$63,395$57,183$51,535$40,041
11 years$69,898$62,507$55,812$49,766$44,322$33,431
12 years$63,418$56,103$49,532$43,652$38,408$28,104
13 years$57,939$50,700$44,253$38,538$33,493$23,759
14 years$53,247$46,085$39,762$34,210$29,360$20,177
15 years$49,184$42,100$35,900$30,509$25,851$17,200
16 years$45,633$38,626$32,548$27,317$22,847$14,709
17 years$42,503$35,573$29,618$24,544$20,258$12,612
18 years$39,723$32,871$27,037$22,120$18,012$10,838
19 years$37,239$30,464$24,751$19,987$16,055$9,332
20 years$35,006$28,309$22,715$18,102$14,340$8,047
21 years$32,989$26,369$20,894$16,429$12,833$6,949
22 years$31,157$24,614$19,257$14,937$11,503$6,008
23 years$29,487$23,021$17,780$13,604$10,326$5,200
24 years$27,959$21,569$16,444$12,407$9,281$4,504
25 years$26,555$20,242$15,230$11,331$8,351$3,904
26 years$25,261$19,024$14,125$10,361$7,523$3,387
27 years$24,065$17,904$13,116$9,483$6,782$2,939
28 years$22,956$16,871$12,193$8,689$6,120$2,552
29 years$21,926$15,916$11,347$7,968$5,526$2,217
30 years$20,966$15,031$10,569$7,312$4,993$1,927
31 years$20,070$14,209$9,854$6,716$4,514$1,675
32 years$19,232$13,444$9,194$6,172$4,083$1,456
33 years$18,446$12,732$8,584$5,676$3,696$1,267
34 years$17,708$12,067$8,020$5,222$3,346$1,102
35 years$17,013$11,446$7,499$4,807$3,030$959
36 years$16,359$10,863$7,015$4,427$2,746$834
37 years$15,741$10,318$6,566$4,079$2,489$726
38 years$15,158$9,806$6,148$3,760$2,256$632
39 years$14,605$9,324$5,760$3,467$2,046$550
40 years$14,082$8,871$5,399$3,198$1,856$479
41 years$13,585$8,445$5,063$2,950$1,684$417
42 years$13,113$8,042$4,749$2,723$1,528$363
43 years$12,665$7,663$4,456$2,513$1,386$316
44 years$12,238$7,304$4,183$2,321$1,258$275
45 years$11,831$6,965$3,928$2,143$1,142$240
46 years$11,443$6,644$3,689$1,980$1,037$209
47 years$11,073$6,341$3,466$1,829$942$182
48 years$10,719$6,053$3,257$1,690$855$158
49 years$10,380$5,780$3,061$1,562$777$138
50 years$10,056$5,522$2,878$1,444$706$120

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $10,300,000, adding $3,447 every year, while hoping to spend $42,862 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: 36/45/19 Blend
66$10,300,000$10,300,000$10,300,000$10,300,000
67$11,354,156$10,808,256$10,648,606$11,697,239
68$12,466,675$11,292,255$10,959,729$12,431,366
69$13,691,234$11,798,534$11,279,839$13,219,114
70$15,039,217$12,328,139$11,609,190$14,068,655
71$16,523,165$12,882,167$11,948,046$14,985,535
72$18,156,900$13,461,764$12,296,677$15,975,831
73$19,955,649$14,068,136$12,655,362$17,046,208
74$21,936,193$14,702,543$13,024,384$18,203,973
75$24,117,022$15,366,305$13,404,038$19,457,144
76$26,518,511$16,060,807$13,794,626$20,814,516
77$29,163,111$16,787,498$14,196,458$22,285,742
78$32,075,561$17,547,898$14,609,852$23,881,416
79$35,283,121$18,343,598$15,035,135$25,613,168
80$38,815,833$19,176,267$15,472,645$27,493,770
81$42,706,796$20,047,653$15,922,728$29,537,247
82$46,992,488$20,959,587$16,385,738$31,759,004
83$51,713,103$21,913,988$16,862,041$34,175,965
84$56,912,933$22,912,867$17,352,013$36,806,725
85$62,640,787$23,958,331$17,856,040$39,671,717
86$68,950,447$25,052,590$18,374,517$42,793,400
87$75,901,182$26,197,957$18,907,853$46,196,458
88$83,558,303$27,396,856$19,456,466$49,908,029
89$91,993,779$28,651,831$20,020,787$53,957,948
90$101,286,918$29,965,545$20,601,257$58,379,024
91$111,525,115$31,340,788$21,198,330$63,207,335
92$122,804,676$32,780,486$21,812,474$68,482,559
93$135,231,729$34,287,705$22,444,168$74,248,342
94$148,923,222$35,865,659$23,093,904$80,552,693
95$164,008,029$37,517,716$23,762,189$87,448,428
96$180,628,169$39,247,404$24,449,542$94,993,657
97$198,940,138$41,058,423$25,156,498$103,252,318
98$219,116,398$42,954,651$25,883,606$112,294,767
99$241,346,993$44,940,152$26,631,430$122,198,428
100$265,841,352$47,019,185$27,400,549$133,048,510