Can I retire at age 67 with 10,700,000?

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$883,596$875,725$868,047$860,552$853,233$827,911
2 years$437,424$429,277$421,382$413,727$406,301$380,999
3 years$288,719$280,537$272,662$265,079$257,774$233,285
4 years$214,381$206,225$198,428$190,974$183,847$160,358
5 years$169,790$161,683$153,988$146,687$139,757$117,333
6 years$140,073$132,026$124,445$117,306$110,585$89,246
7 years$118,854$110,875$103,415$96,444$89,935$69,680
8 years$102,948$95,041$87,704$80,905$74,610$55,426
9 years$90,582$82,750$75,539$68,913$62,833$44,700
10 years$80,696$72,940$65,857$59,403$53,536$36,431
11 years$72,612$64,934$57,979$51,699$46,043$29,935
12 years$65,881$58,281$51,455$45,347$39,900$24,757
13 years$60,189$52,669$45,972$40,034$34,794$20,581
14 years$55,315$47,875$41,306$35,538$30,500$17,181
15 years$51,094$43,735$37,294$31,694$26,854$14,393
16 years$47,405$40,126$33,812$28,378$23,734$12,091
17 years$44,153$36,954$30,768$25,498$21,044$10,181
18 years$41,266$34,147$28,087$22,979$18,712$8,589
19 years$38,685$31,648$25,712$20,763$16,678$7,258
20 years$36,366$29,408$23,597$18,805$14,897$6,142
21 years$34,270$27,393$21,705$17,067$13,331$5,203
22 years$32,367$25,570$20,005$15,518$11,950$4,412
23 years$30,633$23,915$18,471$14,132$10,727$3,744
24 years$29,045$22,407$17,082$12,889$9,641$3,180
25 years$27,586$21,028$15,822$11,771$8,676$2,702
26 years$26,242$19,763$14,674$10,763$7,815$2,297
27 years$25,000$18,599$13,626$9,852$7,046$1,954
28 years$23,848$17,526$12,667$9,026$6,357$1,662
29 years$22,778$16,534$11,788$8,277$5,741$1,415
30 years$21,781$15,614$10,980$7,596$5,187$1,204
31 years$20,850$14,761$10,236$6,977$4,690$1,025
32 years$19,979$13,967$9,551$6,412$4,242$873
33 years$19,162$13,227$8,917$5,896$3,839$744
34 years$18,395$12,536$8,332$5,425$3,476$634
35 years$17,674$11,890$7,790$4,994$3,148$540
36 years$16,994$11,285$7,287$4,599$2,852$460
37 years$16,353$10,718$6,821$4,238$2,585$392
38 years$15,746$10,186$6,387$3,906$2,344$334
39 years$15,172$9,686$5,984$3,602$2,125$285
40 years$14,629$9,216$5,609$3,322$1,928$243
41 years$14,113$8,772$5,259$3,065$1,749$207
42 years$13,623$8,355$4,933$2,828$1,587$176
43 years$13,157$7,960$4,629$2,611$1,440$150
44 years$12,713$7,588$4,345$2,411$1,307$128
45 years$12,290$7,236$4,080$2,226$1,187$109
46 years$11,887$6,903$3,832$2,057$1,078$93
47 years$11,503$6,587$3,600$1,900$979$79
48 years$11,135$6,288$3,383$1,756$889$68
49 years$10,783$6,005$3,180$1,623$807$58
50 years$10,447$5,736$2,990$1,500$733$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $10,700,000, adding $2,839 every year, while hoping to spend $51,375 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: 52/21/27 Blend
66$10,700,000$10,700,000$10,700,000$10,700,000
67$11,794,328$11,227,228$11,061,378$12,318,279
68$12,942,687$11,722,700$11,377,272$13,177,798
69$14,206,457$12,240,728$11,702,026$14,106,851
70$15,597,355$12,782,363$12,035,883$15,116,497
71$17,128,293$13,348,706$12,379,093$16,214,449
72$18,813,496$13,940,910$12,731,910$17,409,183
73$20,668,641$14,560,183$13,094,597$18,710,022
74$22,711,000$15,207,790$13,467,424$20,127,218
75$24,959,605$15,885,055$13,850,666$21,672,046
76$27,435,429$16,593,367$14,244,608$23,356,908
77$30,161,581$17,334,179$14,649,540$25,195,449
78$33,163,523$18,109,015$15,065,760$27,202,680
79$36,469,315$18,919,470$15,493,576$29,395,116
80$40,109,877$19,767,215$15,933,302$31,790,932
81$44,119,277$20,654,002$16,385,261$34,410,127
82$48,535,060$21,581,664$16,849,784$37,274,711
83$53,398,594$22,552,124$17,327,209$40,408,908
84$58,755,467$23,567,394$17,817,887$43,839,384
85$64,655,912$24,629,584$18,322,174$47,595,489
86$71,155,286$25,740,905$18,840,438$51,709,533
87$78,314,587$26,903,671$19,373,054$56,217,086
88$86,201,032$28,120,308$19,920,409$61,157,309
89$94,888,693$29,393,359$20,482,898$66,573,318
90$104,459,193$30,725,487$21,060,929$72,512,588
91$115,002,478$32,119,482$21,654,917$79,027,390
92$126,617,663$33,578,270$22,265,289$86,175,288
93$139,413,973$35,104,913$22,892,484$94,019,668
94$153,511,767$36,702,623$23,536,952$102,630,334
95$169,043,680$38,374,764$24,199,152$112,084,160
96$186,155,870$40,124,862$24,879,559$122,465,810
97$205,009,400$41,956,612$25,578,655$133,868,530
98$225,781,758$43,873,885$26,296,939$146,395,017
99$248,668,530$45,880,738$27,034,919$160,158,388
100$273,885,249$47,981,423$27,793,118$175,283,235