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%19.9%
1 years$891,854$883,910$876,159$868,594$861,207$827,038
2 years$441,512$433,289$425,320$417,593$410,099$376,097
3 years$291,417$283,159$275,210$267,556$260,183$227,421
4 years$216,385$208,152$200,283$192,759$185,565$154,290
5 years$171,377$163,194$155,427$148,057$141,064$111,356
6 years$141,382$133,260$125,608$118,403$111,619$83,497
7 years$119,965$111,911$104,381$97,345$90,776$64,231
8 years$103,910$95,929$88,524$81,661$75,307$50,311
9 years$91,429$83,523$76,245$69,557$63,420$39,935
10 years$81,450$73,622$66,472$59,959$54,037$32,017
11 years$73,291$65,541$58,521$52,182$46,473$25,868
12 years$66,496$58,826$51,936$45,771$40,273$21,026
13 years$60,752$53,162$46,401$40,409$35,119$17,172
14 years$55,832$48,322$41,692$35,870$30,785$14,078
15 years$51,572$44,143$37,642$31,990$27,105$11,577
16 years$47,848$40,501$34,128$28,644$23,956$9,545
17 years$44,566$37,300$31,055$25,736$21,241$7,885
18 years$41,651$34,467$28,349$23,193$18,886$6,524
19 years$39,047$31,943$25,953$20,957$16,834$5,406
20 years$36,706$29,683$23,818$18,981$15,036$4,484
21 years$34,590$27,649$21,908$17,226$13,456$3,723
22 years$32,670$25,809$20,192$15,663$12,061$3,093
23 years$30,919$24,139$18,643$14,264$10,827$2,572
24 years$29,316$22,616$17,242$13,010$9,731$2,140
25 years$27,844$21,224$15,970$11,881$8,757$1,781
26 years$26,487$19,948$14,811$10,864$7,888$1,482
27 years$25,233$18,773$13,753$9,944$7,112$1,235
28 years$24,071$17,690$12,785$9,111$6,417$1,028
29 years$22,991$16,688$11,898$8,355$5,794$857
30 years$21,984$15,760$11,082$7,667$5,235$714
31 years$21,044$14,899$10,332$7,042$4,733$595
32 years$20,165$14,097$9,640$6,472$4,282$496
33 years$19,341$13,350$9,001$5,951$3,875$413
34 years$18,567$12,653$8,410$5,476$3,508$345
35 years$17,839$12,001$7,863$5,041$3,178$287
36 years$17,153$11,391$7,355$4,642$2,879$240
37 years$16,505$10,819$6,884$4,277$2,609$200
38 years$15,893$10,282$6,447$3,942$2,366$167
39 years$15,314$9,777$6,040$3,635$2,145$139
40 years$14,765$9,302$5,661$3,353$1,946$116
41 years$14,245$8,854$5,309$3,093$1,765$97
42 years$13,750$8,433$4,980$2,855$1,602$81
43 years$13,280$8,035$4,673$2,635$1,454$67
44 years$12,832$7,659$4,386$2,433$1,320$56
45 years$12,405$7,303$4,118$2,247$1,198$47
46 years$11,998$6,967$3,868$2,076$1,088$39
47 years$11,610$6,649$3,634$1,918$988$33
48 years$11,239$6,347$3,415$1,772$897$27
49 years$10,884$6,061$3,210$1,638$815$23
50 years$10,545$5,790$3,018$1,514$740$19

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 $6,049 every year, while hoping to spend $23,727 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: 68/19/13 Blend
66$10,800,000$10,800,000$10,800,000$10,800,000
67$11,907,840$11,335,440$11,168,040$12,682,489
68$13,097,194$11,865,631$11,516,924$13,728,904
69$14,407,067$12,421,006$11,876,700$14,869,567
70$15,849,727$13,002,775$12,247,708$16,116,505
71$17,438,692$13,612,204$12,630,300$17,480,151
72$19,188,859$14,250,622$13,024,835$18,971,979
73$21,116,643$14,919,422$13,431,687$20,604,619
74$23,240,132$15,620,065$13,851,240$22,391,968
75$25,579,259$16,354,082$14,283,890$24,349,322
76$28,155,988$17,123,077$14,730,046$26,493,514
77$30,994,526$17,928,735$15,190,129$28,843,074
78$34,121,542$18,772,818$15,664,573$31,418,401
79$37,566,430$19,657,176$16,153,827$34,241,947
80$41,361,578$20,583,750$16,658,352$37,338,433
81$45,542,677$21,554,572$17,178,625$40,735,073
82$50,149,059$22,571,774$17,715,137$44,461,832
83$55,224,063$23,637,592$18,268,395$48,551,700
84$60,815,452$24,754,368$18,838,921$53,041,006
85$66,975,856$25,924,560$19,427,252$57,969,751
86$73,763,274$27,150,745$20,033,946$63,381,986
87$81,241,619$28,435,622$20,659,575$69,326,219
88$89,481,322$29,782,025$21,304,728$75,855,873
89$98,559,996$31,192,923$21,970,015$83,029,781
90$108,563,169$32,671,430$22,656,064$90,912,741
91$119,585,092$34,220,810$23,363,522$99,576,118
92$131,729,629$35,844,487$24,093,058$109,098,515
93$145,111,235$37,546,051$24,845,359$119,566,508
94$159,856,037$39,329,264$25,621,135$131,075,458
95$176,103,029$41,198,073$26,421,118$143,730,405
96$194,005,376$43,156,617$27,246,064$157,647,054
97$213,731,868$45,209,235$28,096,751$172,952,856
98$235,468,507$47,360,476$28,973,980$189,788,210
99$259,420,266$49,615,111$29,878,581$208,307,777
100$285,813,026$51,978,144$30,811,405$228,681,934