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%12%
1 years$900,112$892,094$884,272$876,637$869,181$861,899
2 years$445,600$437,301$429,258$421,460$413,896$406,556
3 years$294,116$285,781$277,758$270,033$262,593$255,423
4 years$218,389$210,079$202,137$194,544$187,283$180,339
5 years$172,964$164,705$156,867$149,428$142,370$135,671
6 years$142,691$134,494$126,772$119,499$112,652$106,208
7 years$121,076$112,948$105,348$98,247$91,616$85,429
8 years$104,872$96,817$89,343$82,417$76,005$70,075
9 years$92,275$84,297$76,951$70,201$64,007$58,332
10 years$82,204$74,303$67,088$60,514$54,537$49,115
11 years$73,969$66,148$59,063$52,665$46,904$41,729
12 years$67,112$59,371$52,417$46,194$40,646$35,714
13 years$61,314$53,654$46,831$40,783$35,444$30,750
14 years$56,349$48,770$42,078$36,202$31,070$26,608
15 years$52,049$44,552$37,991$32,286$27,356$23,120
16 years$48,291$40,876$34,444$28,909$24,178$20,160
17 years$44,978$37,645$31,343$25,974$21,438$17,632
18 years$42,037$34,786$28,612$23,408$19,061$15,460
19 years$39,408$32,239$26,193$21,151$16,990$13,586
20 years$37,046$29,958$24,039$19,156$15,176$11,962
21 years$34,911$27,905$22,111$17,386$13,580$10,550
22 years$32,972$26,048$20,379$15,808$12,173$9,318
23 years$31,205$24,362$18,816$14,396$10,927$8,240
24 years$29,588$22,826$17,402$13,130$9,822$7,295
25 years$28,102$21,421$16,117$11,991$8,838$6,464
26 years$26,733$20,132$14,948$10,964$7,961$5,733
27 years$25,467$18,947$13,881$10,036$7,177$5,089
28 years$24,294$17,853$12,904$9,195$6,476$4,520
29 years$23,203$16,843$12,008$8,432$5,848$4,017
30 years$22,188$15,906$11,185$7,738$5,284$3,571
31 years$21,239$15,037$10,428$7,107$4,777$3,177
32 years$20,352$14,228$9,729$6,532$4,321$2,827
33 years$19,520$13,474$9,084$6,006$3,911$2,517
34 years$18,739$12,770$8,488$5,526$3,541$2,241
35 years$18,004$12,112$7,935$5,087$3,207$1,997
36 years$17,312$11,496$7,423$4,685$2,906$1,779
37 years$16,658$10,919$6,948$4,317$2,634$1,586
38 years$16,041$10,377$6,507$3,979$2,388$1,413
39 years$15,456$9,867$6,096$3,669$2,165$1,260
40 years$14,902$9,388$5,714$3,384$1,964$1,124
41 years$14,376$8,936$5,358$3,122$1,782$1,002
42 years$13,877$8,511$5,026$2,881$1,617$894
43 years$13,403$8,109$4,716$2,660$1,467$797
44 years$12,951$7,730$4,427$2,456$1,332$711
45 years$12,520$7,371$4,157$2,268$1,209$635
46 years$12,110$7,032$3,904$2,095$1,098$566
47 years$11,718$6,710$3,668$1,936$997$505
48 years$11,343$6,406$3,447$1,789$905$451
49 years$10,985$6,117$3,240$1,653$822$402
50 years$10,642$5,843$3,046$1,528$747$359

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 $4,064 every year, while hoping to spend $59,251 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: 63/10/27 Blend
66$10,900,000$10,900,000$10,900,000$10,900,000
67$12,015,992$11,438,292$11,269,342$12,686,425
68$13,178,581$11,935,726$11,583,822$13,638,757
69$14,457,767$12,455,548$11,906,852$14,671,670
70$15,865,383$12,998,793$12,238,655$15,798,655
71$17,414,462$13,566,544$12,579,460$17,028,941
72$19,119,368$14,159,935$12,929,503$18,372,684
73$20,995,926$14,780,155$13,289,023$19,841,063
74$23,061,574$15,428,446$13,658,269$21,446,383
75$25,335,527$16,106,112$14,037,493$23,202,192
76$27,838,955$16,814,515$14,426,954$25,123,403
77$30,595,187$17,555,086$14,826,916$27,226,438
78$33,629,930$18,329,319$15,237,651$29,529,374
79$36,971,509$19,138,782$15,659,439$32,052,121
80$40,651,136$19,985,115$16,092,563$34,816,599
81$44,703,204$20,870,038$16,537,316$37,846,947
82$49,165,610$21,795,349$16,993,995$41,169,749
83$54,080,117$22,762,935$17,462,908$44,814,282
84$59,492,741$23,774,771$17,944,368$48,812,788
85$65,454,190$24,832,925$18,438,694$53,200,779
86$72,020,343$25,939,564$18,946,216$58,017,367
87$79,252,774$27,096,958$19,467,270$63,305,633
88$87,219,332$28,307,484$20,002,199$69,113,030
89$95,994,787$29,573,634$20,551,355$75,491,824
90$105,661,529$30,898,016$21,115,099$82,499,592
91$116,310,350$32,283,364$21,693,800$90,199,756
92$128,041,298$33,732,541$22,287,835$98,662,182
93$140,964,622$35,248,547$22,897,589$107,963,835
94$155,201,814$36,834,526$23,523,459$118,189,499
95$170,886,752$38,493,771$24,165,847$129,432,582
96$188,166,965$40,229,730$24,825,167$141,795,984
97$207,205,027$42,046,019$25,501,843$155,393,070
98$228,180,090$43,946,424$26,196,305$170,348,738
99$251,289,575$45,934,914$26,908,996$186,800,589
100$276,751,033$48,015,646$27,640,369$204,900,221