Can I retire at age 67 with 10,900,000?

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 $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$900,112$892,094$884,272$876,637$869,181$845,768
2 years$445,600$437,301$429,258$421,460$413,896$390,475
3 years$294,116$285,781$277,758$270,033$262,593$239,896
4 years$218,389$210,079$202,137$194,544$187,283$165,487
5 years$172,964$164,705$156,867$149,428$142,370$121,533
6 years$142,691$134,494$126,772$119,499$112,652$92,795
7 years$121,076$112,948$105,348$98,247$91,616$72,739
8 years$104,872$96,817$89,343$82,417$76,005$58,098
9 years$92,275$84,297$76,951$70,201$64,007$47,055
10 years$82,204$74,303$67,088$60,514$54,537$38,518
11 years$73,969$66,148$59,063$52,665$46,904$31,792
12 years$67,112$59,371$52,417$46,194$40,646$26,415
13 years$61,314$53,654$46,831$40,783$35,444$22,063
14 years$56,349$48,770$42,078$36,202$31,070$18,508
15 years$52,049$44,552$37,991$32,286$27,356$15,581
16 years$48,291$40,876$34,444$28,909$24,178$13,155
17 years$44,978$37,645$31,343$25,974$21,438$11,133
18 years$42,037$34,786$28,612$23,408$19,061$9,442
19 years$39,408$32,239$26,193$21,151$16,990$8,021
20 years$37,046$29,958$24,039$19,156$15,176$6,823
21 years$34,911$27,905$22,111$17,386$13,580$5,812
22 years$32,972$26,048$20,379$15,808$12,173$4,955
23 years$31,205$24,362$18,816$14,396$10,927$4,228
24 years$29,588$22,826$17,402$13,130$9,822$3,611
25 years$28,102$21,421$16,117$11,991$8,838$3,086
26 years$26,733$20,132$14,948$10,964$7,961$2,638
27 years$25,467$18,947$13,881$10,036$7,177$2,256
28 years$24,294$17,853$12,904$9,195$6,476$1,931
29 years$23,203$16,843$12,008$8,432$5,848$1,653
30 years$22,188$15,906$11,185$7,738$5,284$1,415
31 years$21,239$15,037$10,428$7,107$4,777$1,212
32 years$20,352$14,228$9,729$6,532$4,321$1,038
33 years$19,520$13,474$9,084$6,006$3,911$889
34 years$18,739$12,770$8,488$5,526$3,541$762
35 years$18,004$12,112$7,935$5,087$3,207$653
36 years$17,312$11,496$7,423$4,685$2,906$560
37 years$16,658$10,919$6,948$4,317$2,634$480
38 years$16,041$10,377$6,507$3,979$2,388$411
39 years$15,456$9,867$6,096$3,669$2,165$353
40 years$14,902$9,388$5,714$3,384$1,964$302
41 years$14,376$8,936$5,358$3,122$1,782$259
42 years$13,877$8,511$5,026$2,881$1,617$222
43 years$13,403$8,109$4,716$2,660$1,467$191
44 years$12,951$7,730$4,427$2,456$1,332$163
45 years$12,520$7,371$4,157$2,268$1,209$140
46 years$12,110$7,032$3,904$2,095$1,098$120
47 years$11,718$6,710$3,668$1,936$997$103
48 years$11,343$6,406$3,447$1,789$905$88
49 years$10,985$6,117$3,240$1,653$822$76
50 years$10,642$5,843$3,046$1,528$747$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $10,900,000, adding $5,589 every year, while hoping to spend $25,475 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: 57/27/16 Blend
66$10,900,000$10,900,000$10,900,000$10,900,000
67$12,017,565$11,439,865$11,270,915$12,652,142
68$13,216,251$11,973,313$11,621,386$13,616,650
69$14,536,350$12,532,047$11,982,743$14,663,926
70$15,990,218$13,117,277$12,355,325$15,804,591
71$17,591,472$13,730,276$12,739,480$17,047,616
72$19,355,117$14,372,374$13,135,568$18,402,863
73$21,297,687$15,044,968$13,543,957$19,881,173
74$23,437,402$15,749,523$13,965,031$21,494,470
75$25,794,340$16,487,572$14,399,182$23,255,865
76$28,390,625$17,260,725$14,846,817$25,179,777
77$31,250,636$18,070,668$15,308,353$27,282,069
78$34,401,240$18,919,170$15,784,221$29,580,186
79$37,872,041$19,808,084$16,274,867$32,093,325
80$41,695,663$20,739,354$16,780,749$34,842,603
81$45,908,055$21,715,017$17,302,339$37,851,257
82$50,548,834$22,737,210$17,840,125$41,144,858
83$55,661,654$23,808,172$18,394,608$44,751,544
84$61,294,622$24,930,252$18,966,307$48,702,284
85$67,500,751$26,105,911$19,555,755$53,031,162
86$74,338,458$27,337,731$20,163,503$57,775,696
87$81,872,119$28,628,419$20,790,119$62,977,183
88$90,172,674$29,980,810$21,436,187$68,681,084
89$99,318,299$31,397,882$22,102,311$74,937,445
90$109,395,139$32,882,752$22,789,112$81,801,367
91$120,498,128$34,438,691$23,497,232$89,333,511
92$132,731,879$36,069,130$24,227,332$97,600,672
93$146,211,676$37,777,662$24,980,093$106,676,393
94$161,064,558$39,568,058$25,756,217$116,641,659
95$177,430,522$41,444,272$26,556,429$127,585,645
96$195,463,841$43,410,447$27,381,475$139,606,555
97$215,334,524$45,470,931$28,232,126$152,812,537
98$237,229,919$47,630,279$29,109,175$167,322,692
99$261,356,478$49,893,271$30,013,440$183,268,191
100$287,941,713$52,264,915$30,945,765$200,793,502