Can I retire at age 67 with 10,800,000?

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 $10,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$891,854$883,910$876,159$868,594$861,207$839,366
2 years$441,512$433,289$425,320$417,593$410,099$388,236
3 years$291,417$283,159$275,210$267,556$260,183$238,983
4 years$216,385$208,152$200,283$192,759$185,565$165,190
5 years$171,377$163,194$155,427$148,057$141,064$121,570
6 years$141,382$133,260$125,608$118,403$111,619$93,026
7 years$119,965$111,911$104,381$97,345$90,776$73,086
8 years$103,910$95,929$88,524$81,661$75,307$58,512
9 years$91,429$83,523$76,245$69,557$63,420$47,505
10 years$81,450$73,622$66,472$59,959$54,037$38,983
11 years$73,291$65,541$58,521$52,182$46,473$32,259
12 years$66,496$58,826$51,936$45,771$40,273$26,873
13 years$60,752$53,162$46,401$40,409$35,119$22,506
14 years$55,832$48,322$41,692$35,870$30,785$18,932
15 years$51,572$44,143$37,642$31,990$27,105$15,982
16 years$47,848$40,501$34,128$28,644$23,956$13,532
17 years$44,566$37,300$31,055$25,736$21,241$11,486
18 years$41,651$34,467$28,349$23,193$18,886$9,770
19 years$39,047$31,943$25,953$20,957$16,834$8,324
20 years$36,706$29,683$23,818$18,981$15,036$7,103
21 years$34,590$27,649$21,908$17,226$13,456$6,069
22 years$32,670$25,809$20,192$15,663$12,061$5,190
23 years$30,919$24,139$18,643$14,264$10,827$4,443
24 years$29,316$22,616$17,242$13,010$9,731$3,806
25 years$27,844$21,224$15,970$11,881$8,757$3,263
26 years$26,487$19,948$14,811$10,864$7,888$2,799
27 years$25,233$18,773$13,753$9,944$7,112$2,402
28 years$24,071$17,690$12,785$9,111$6,417$2,062
29 years$22,991$16,688$11,898$8,355$5,794$1,771
30 years$21,984$15,760$11,082$7,667$5,235$1,521
31 years$21,044$14,899$10,332$7,042$4,733$1,307
32 years$20,165$14,097$9,640$6,472$4,282$1,123
33 years$19,341$13,350$9,001$5,951$3,875$965
34 years$18,567$12,653$8,410$5,476$3,508$830
35 years$17,839$12,001$7,863$5,041$3,178$714
36 years$17,153$11,391$7,355$4,642$2,879$614
37 years$16,505$10,819$6,884$4,277$2,609$528
38 years$15,893$10,282$6,447$3,942$2,366$454
39 years$15,314$9,777$6,040$3,635$2,145$391
40 years$14,765$9,302$5,661$3,353$1,946$336
41 years$14,245$8,854$5,309$3,093$1,765$289
42 years$13,750$8,433$4,980$2,855$1,602$249
43 years$13,280$8,035$4,673$2,635$1,454$214
44 years$12,832$7,659$4,386$2,433$1,320$184
45 years$12,405$7,303$4,118$2,247$1,198$158
46 years$11,998$6,967$3,868$2,076$1,088$136
47 years$11,610$6,649$3,634$1,918$988$117
48 years$11,239$6,347$3,415$1,772$897$101
49 years$10,884$6,061$3,210$1,638$815$87
50 years$10,545$5,790$3,018$1,514$740$75

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $10,800,000, adding $2,479 every year, while hoping to spend $50,843 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: 45/49/6 Blend
66$10,800,000$10,800,000$10,800,000$10,800,000
67$11,904,157$11,331,757$11,164,357$12,420,026
68$13,064,285$11,832,917$11,484,266$13,276,846
69$14,341,041$12,356,929$11,813,189$14,199,856
70$15,746,269$12,904,860$12,151,372$15,199,448
71$17,293,017$13,477,827$12,499,072$16,282,682
72$18,995,663$14,076,999$12,856,549$17,457,307
73$20,870,050$14,703,601$13,224,073$18,731,824
74$22,933,634$15,358,917$13,601,919$20,115,567
75$25,205,652$16,044,291$13,990,370$21,618,785
76$27,707,298$16,761,131$14,389,717$23,252,730
77$30,461,928$17,510,912$14,800,258$25,029,761
78$33,495,278$18,295,179$15,222,300$26,963,454
79$36,835,706$19,115,553$15,656,156$29,068,722
80$40,514,460$19,973,727$16,102,150$31,361,955
81$44,565,975$20,871,480$16,560,612$33,861,163
82$49,028,195$21,810,672$17,031,883$36,586,138
83$53,942,930$22,793,255$17,516,310$39,558,641
84$59,356,255$23,821,270$18,014,252$42,802,592
85$65,318,940$24,896,859$18,526,077$46,344,290
86$71,886,931$26,022,265$19,052,160$50,212,658
87$79,121,880$27,199,838$19,592,890$54,439,498
88$87,091,722$28,432,040$20,148,662$59,059,791
89$95,871,319$29,721,452$20,719,883$64,112,013
90$105,543,167$31,070,776$21,306,972$69,638,489
91$116,198,172$32,482,846$21,910,358$75,685,782
92$127,936,510$33,960,630$22,530,479$82,305,123
93$140,868,571$35,507,238$23,167,787$89,552,882
94$155,116,002$37,125,930$23,822,745$97,491,087
95$170,812,855$38,820,121$24,495,828$106,188,000
96$188,106,850$40,593,390$25,187,522$115,718,745
97$207,160,771$42,449,489$25,898,326$126,166,007
98$228,154,004$44,392,348$26,628,754$137,620,795
99$251,284,225$46,426,086$27,379,331$150,183,288
100$276,769,273$48,555,021$28,150,595$163,963,763