Can I retire at age 67 with 11,300,000?

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 $11,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$933,143$924,831$916,722$908,807$901,078$890,927
2 years$461,952$453,349$445,011$436,926$429,085$418,865
3 years$304,909$296,268$287,951$279,943$272,229$262,259
4 years$226,403$217,789$209,555$201,683$194,156$184,512
5 years$179,311$170,749$162,623$154,912$147,594$138,304
6 years$147,927$139,429$131,424$123,884$116,786$107,862
7 years$125,519$117,093$109,214$101,852$94,979$86,423
8 years$108,720$100,370$92,622$85,441$78,794$70,607
9 years$95,662$87,390$79,775$72,777$66,356$58,534
10 years$85,221$77,030$69,550$62,734$56,538$49,077
11 years$76,684$68,575$61,231$54,598$48,625$41,517
12 years$69,575$61,550$54,341$47,890$42,137$35,376
13 years$63,564$55,623$48,550$42,279$36,745$30,321
14 years$58,417$50,560$43,622$37,531$32,210$26,116
15 years$53,959$46,187$39,385$33,471$28,360$22,585
16 years$50,063$42,376$35,708$29,970$25,065$19,599
17 years$46,629$39,027$32,493$26,927$22,224$17,058
18 years$43,580$36,062$29,662$24,267$19,761$14,883
19 years$40,855$33,422$27,154$21,927$17,613$13,013
20 years$38,405$31,057$24,921$19,859$15,732$11,399
21 years$36,192$28,929$22,922$18,024$14,079$10,001
22 years$34,182$27,004$21,126$16,388$12,620$8,786
23 years$32,350$25,256$19,506$14,925$11,328$7,728
24 years$30,673$23,664$18,040$13,612$10,182$6,805
25 years$29,133$22,207$16,709$12,431$9,162$5,998
26 years$27,714$20,871$15,497$11,367$8,253$5,290
27 years$26,402$19,642$14,390$10,404$7,441$4,669
28 years$25,185$18,509$13,377$9,532$6,714$4,124
29 years$24,055$17,461$12,449$8,741$6,063$3,644
30 years$23,002$16,490$11,596$8,022$5,478$3,222
31 years$22,019$15,588$10,810$7,368$4,953$2,850
32 years$21,099$14,750$10,086$6,771$4,480$2,521
33 years$20,237$13,968$9,417$6,227$4,054$2,232
34 years$19,427$13,239$8,799$5,729$3,671$1,976
35 years$18,665$12,557$8,227$5,274$3,325$1,750
36 years$17,947$11,918$7,696$4,857$3,012$1,550
37 years$17,269$11,320$7,203$4,475$2,730$1,373
38 years$16,629$10,758$6,745$4,125$2,475$1,217
39 years$16,023$10,229$6,320$3,803$2,245$1,078
40 years$15,449$9,732$5,923$3,508$2,036$956
41 years$14,904$9,264$5,554$3,237$1,847$847
42 years$14,387$8,823$5,210$2,987$1,676$751
43 years$13,894$8,407$4,889$2,757$1,521$666
44 years$13,426$8,013$4,589$2,546$1,381$591
45 years$12,980$7,641$4,309$2,351$1,253$524
46 years$12,554$7,290$4,047$2,172$1,138$464
47 years$12,148$6,956$3,802$2,007$1,033$412
48 years$11,759$6,641$3,573$1,854$938$365
49 years$11,388$6,342$3,358$1,714$852$324
50 years$11,033$6,058$3,157$1,584$774$287

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $11,300,000, adding $6,573 every year, while hoping to spend $48,797 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: 34/37/29 Blend
66$11,300,000$11,300,000$11,300,000$11,300,000
67$12,459,380$11,860,480$11,685,330$12,773,533
68$13,678,317$12,389,724$12,024,869$13,541,095
69$15,019,950$12,943,265$12,374,147$14,363,411
70$16,496,743$13,522,243$12,733,439$15,249,245
71$18,122,429$14,127,851$13,103,027$16,204,291
72$19,912,140$14,761,338$13,483,201$17,234,791
73$21,882,549$15,424,015$13,874,260$18,347,591
74$24,052,031$16,117,254$14,276,509$19,550,199
75$26,440,829$16,842,491$14,690,264$20,850,852
76$29,071,254$17,601,232$15,115,847$22,258,590
77$31,967,885$18,395,056$15,553,591$23,783,337
78$35,157,811$19,225,616$16,003,838$25,435,984
79$38,670,879$20,094,642$16,466,938$27,228,493
80$42,539,980$21,003,951$16,943,252$29,174,000
81$46,801,356$21,955,442$17,433,149$31,286,932
82$51,494,944$22,951,110$17,937,010$33,583,142
83$56,664,754$23,993,040$18,455,225$36,080,046
84$62,359,281$25,083,420$18,988,197$38,796,783
85$68,631,963$26,224,543$19,536,337$41,754,389
86$75,541,688$27,418,810$20,100,068$44,975,987
87$83,153,346$28,668,738$20,679,827$48,486,999
88$91,538,445$29,976,964$21,276,059$52,315,374
89$100,775,783$31,346,252$21,889,224$56,491,847
90$110,952,193$32,779,499$22,519,793$61,050,217
91$122,163,362$34,279,739$23,168,251$66,027,660
92$134,514,731$35,850,153$23,835,094$71,465,068
93$148,122,498$37,494,074$24,520,834$77,407,423
94$163,114,706$39,214,997$25,225,994$83,904,214
95$179,632,455$41,016,581$25,951,115$91,009,892
96$197,831,237$42,902,665$26,696,749$98,784,372
97$217,882,397$44,877,270$27,463,464$107,293,583
98$239,974,756$46,944,610$28,251,844$116,610,085
99$264,316,388$49,109,102$29,062,487$126,813,734
100$291,136,589$51,375,378$29,896,010$137,992,423