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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.1%
1 years$850,564$842,988$835,596$828,381$821,336$791,251
2 years$421,071$413,229$405,629$398,260$391,113$361,137
3 years$277,926$270,050$262,469$255,169$248,138$219,215
4 years$206,367$198,515$191,010$183,835$176,974$149,324
5 years$163,443$155,638$148,232$141,203$134,533$108,228
6 years$134,836$127,090$119,793$112,921$106,451$81,510
7 years$114,411$106,730$99,549$92,839$86,573$62,990
8 years$99,099$91,488$84,425$77,880$71,821$49,575
9 years$87,196$79,656$72,715$66,337$60,484$39,544
10 years$77,679$70,213$63,395$57,183$51,535$31,865
11 years$69,898$62,507$55,812$49,766$44,322$25,880
12 years$63,418$56,103$49,532$43,652$38,408$21,149
13 years$57,939$50,700$44,253$38,538$33,493$17,368
14 years$53,247$46,085$39,762$34,210$29,360$14,318
15 years$49,184$42,100$35,900$30,509$25,851$11,842
16 years$45,633$38,626$32,548$27,317$22,847$9,820
17 years$42,503$35,573$29,618$24,544$20,258$8,160
18 years$39,723$32,871$27,037$22,120$18,012$6,792
19 years$37,239$30,464$24,751$19,987$16,055$5,662
20 years$35,006$28,309$22,715$18,102$14,340$4,726
21 years$32,989$26,369$20,894$16,429$12,833$3,948
22 years$31,157$24,614$19,257$14,937$11,503$3,301
23 years$29,487$23,021$17,780$13,604$10,326$2,762
24 years$27,959$21,569$16,444$12,407$9,281$2,312
25 years$26,555$20,242$15,230$11,331$8,351$1,937
26 years$25,261$19,024$14,125$10,361$7,523$1,623
27 years$24,065$17,904$13,116$9,483$6,782$1,360
28 years$22,956$16,871$12,193$8,689$6,120$1,140
29 years$21,926$15,916$11,347$7,968$5,526$956
30 years$20,966$15,031$10,569$7,312$4,993$802
31 years$20,070$14,209$9,854$6,716$4,514$673
32 years$19,232$13,444$9,194$6,172$4,083$565
33 years$18,446$12,732$8,584$5,676$3,696$474
34 years$17,708$12,067$8,020$5,222$3,346$398
35 years$17,013$11,446$7,499$4,807$3,030$334
36 years$16,359$10,863$7,015$4,427$2,746$280
37 years$15,741$10,318$6,566$4,079$2,489$235
38 years$15,158$9,806$6,148$3,760$2,256$197
39 years$14,605$9,324$5,760$3,467$2,046$166
40 years$14,082$8,871$5,399$3,198$1,856$139
41 years$13,585$8,445$5,063$2,950$1,684$117
42 years$13,113$8,042$4,749$2,723$1,528$98
43 years$12,665$7,663$4,456$2,513$1,386$82
44 years$12,238$7,304$4,183$2,321$1,258$69
45 years$11,831$6,965$3,928$2,143$1,142$58
46 years$11,443$6,644$3,689$1,980$1,037$49
47 years$11,073$6,341$3,466$1,829$942$41
48 years$10,719$6,053$3,257$1,690$855$34
49 years$10,380$5,780$3,061$1,562$777$29
50 years$10,056$5,522$2,878$1,444$706$24

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 $4,327 every year, while hoping to spend $40,964 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: 42/43/15 Blend
66$10,300,000$10,300,000$10,300,000$10,300,000
67$11,355,063$10,809,163$10,649,513$11,781,900
68$12,469,694$11,295,227$10,962,687$12,568,906
69$13,696,645$11,803,735$11,284,978$13,416,219
70$15,047,328$12,335,743$11,616,651$14,332,857
71$16,534,320$12,892,359$11,957,973$15,325,184
72$18,171,479$13,474,743$12,309,223$16,400,178
73$19,974,073$14,084,109$12,670,686$17,565,501
74$21,958,929$14,721,731$13,042,654$18,829,558
75$24,144,587$15,388,942$13,425,430$20,201,581
76$26,551,475$16,087,141$13,819,322$21,691,703
77$29,202,107$16,817,792$14,224,651$23,311,053
78$32,121,288$17,582,430$14,641,743$25,071,857
79$35,336,354$18,382,663$15,070,935$26,987,544
80$38,877,425$19,220,177$15,512,575$29,072,868
81$42,777,693$20,096,736$15,967,017$31,344,046
82$47,073,734$21,014,193$16,434,628$33,818,895
83$51,805,852$21,974,485$16,915,785$36,517,005
84$57,018,459$22,979,645$17,410,874$39,459,908
85$62,760,497$24,031,804$17,920,294$42,671,278
86$69,085,898$25,133,191$18,444,454$46,177,148
87$76,054,089$26,286,148$18,983,773$50,006,143
88$83,730,562$27,493,124$19,538,684$54,189,748
89$92,187,481$28,756,690$20,109,633$58,762,592
90$101,504,373$30,079,536$20,697,074$63,762,769
91$111,768,872$31,464,486$21,301,479$69,232,184
92$123,077,547$32,914,497$21,923,329$75,216,943
93$135,536,818$34,432,668$22,563,121$81,767,776
94$149,263,953$36,022,248$23,221,365$88,940,505
95$164,388,180$37,686,643$23,898,586$96,796,559
96$181,051,907$39,429,421$24,595,321$105,403,543
97$199,412,063$41,254,323$25,312,125$114,835,865
98$219,641,579$43,165,271$26,049,567$125,175,420
99$241,931,025$45,166,374$26,808,232$136,512,356
100$266,490,403$47,261,940$27,588,722$148,945,909