Can I retire at age 67 with 8,000,000?

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 $8,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$660,633$654,748$649,007$643,403$637,931$621,501
2 years$327,046$320,955$315,052$309,328$303,777$287,333
3 years$215,865$209,748$203,859$198,190$192,728$176,785
4 years$160,285$154,187$148,357$142,785$137,456$122,136
5 years$126,946$120,884$115,131$109,672$104,492$89,838
6 years$104,727$98,711$93,043$87,706$82,681$68,707
7 years$88,863$82,897$77,319$72,108$67,241$53,949
8 years$76,970$71,058$65,573$60,489$55,783$43,166
9 years$67,725$61,869$56,478$51,524$46,978$35,024
10 years$60,333$54,535$49,239$44,414$40,027$28,724
11 years$54,289$48,549$43,349$38,653$34,425$23,754
12 years$49,256$43,575$38,471$33,904$29,832$19,775
13 years$45,001$39,379$34,371$29,932$26,014$16,551
14 years$41,357$35,794$30,883$26,571$22,804$13,912
15 years$38,201$32,699$27,883$23,696$20,078$11,737
16 years$35,443$30,001$25,280$21,217$17,745$9,930
17 years$33,012$27,629$23,004$19,064$15,734$8,423
18 years$30,853$25,531$21,000$17,180$13,990$7,159
19 years$28,924$23,662$19,224$15,524$12,470$6,095
20 years$27,189$21,988$17,643$14,060$11,138$5,197
21 years$25,622$20,481$16,228$12,760$9,967$4,437
22 years$24,200$19,118$14,957$11,602$8,934$3,792
23 years$22,903$17,881$13,810$10,566$8,020$3,243
24 years$21,716$16,753$12,772$9,637$7,208$2,776
25 years$20,625$15,722$11,829$8,801$6,487$2,378
26 years$19,620$14,776$10,971$8,047$5,843$2,038
27 years$18,691$13,906$10,188$7,366$5,268$1,747
28 years$17,830$13,103$9,471$6,749$4,753$1,499
29 years$17,030$12,362$8,813$6,189$4,292$1,286
30 years$16,285$11,674$8,209$5,680$3,878$1,104
31 years$15,589$11,036$7,653$5,216$3,506$948
32 years$14,937$10,442$7,141$4,794$3,172$814
33 years$14,327$9,889$6,667$4,408$2,870$699
34 years$13,753$9,373$6,229$4,056$2,599$600
35 years$13,214$8,890$5,824$3,734$2,354$516
36 years$12,706$8,438$5,448$3,439$2,133$443
37 years$12,226$8,014$5,100$3,168$1,933$381
38 years$11,773$7,616$4,775$2,920$1,752$327
39 years$11,344$7,242$4,474$2,693$1,589$281
40 years$10,937$6,890$4,194$2,484$1,441$242
41 years$10,552$6,559$3,932$2,291$1,308$208
42 years$10,185$6,246$3,689$2,115$1,187$179
43 years$9,837$5,952$3,461$1,952$1,077$154
44 years$9,505$5,673$3,249$1,803$977$132
45 years$9,189$5,410$3,051$1,665$887$114
46 years$8,888$5,161$2,865$1,538$806$98
47 years$8,600$4,925$2,692$1,421$732$84
48 years$8,325$4,702$2,530$1,313$664$72
49 years$8,062$4,490$2,378$1,213$603$62
50 years$7,811$4,289$2,235$1,121$548$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $8,000,000, adding $6,171 every year, while hoping to spend $39,060 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: 37/42/21 Blend
66$8,000,000$8,000,000$8,000,000$8,000,000
67$8,822,365$8,398,365$8,274,365$9,092,794
68$9,680,687$8,768,326$8,509,997$9,660,036
69$10,625,249$9,155,105$8,752,213$10,268,233
70$11,664,805$9,559,486$9,001,193$10,924,390
71$12,809,003$9,982,289$9,257,122$11,632,840
72$14,068,473$10,424,373$9,520,186$12,398,338
73$15,454,926$10,886,636$9,790,582$13,226,096
74$16,981,269$11,370,022$10,068,507$14,121,837
75$18,661,722$11,875,517$10,354,166$15,091,837
76$20,511,955$12,404,154$10,647,767$16,142,986
77$22,549,234$12,957,017$10,949,527$17,282,848
78$24,792,584$13,535,239$11,259,665$18,519,729
79$27,262,972$14,140,010$11,578,407$19,862,749
80$29,983,497$14,772,572$11,905,986$21,321,927
81$32,979,616$15,434,231$12,242,639$22,908,268
82$36,279,381$16,126,352$12,588,611$24,633,865
83$39,913,700$16,850,366$12,944,152$26,512,006
84$43,916,636$17,607,772$13,309,520$28,557,294
85$48,325,721$18,400,141$13,684,976$30,785,784
86$53,182,314$19,229,118$14,070,793$33,215,123
87$58,531,992$20,096,426$14,467,246$35,864,713
88$64,424,977$21,003,873$14,874,621$38,755,891
89$70,916,613$21,953,351$15,293,209$41,912,118
90$78,067,884$22,946,842$15,723,308$45,359,201
91$85,945,995$23,986,424$16,165,226$49,125,522
92$94,625,002$25,074,274$16,619,276$53,242,304
93$104,186,512$26,212,673$17,085,782$57,743,898
94$114,720,453$27,404,011$17,565,072$62,668,096
95$126,325,924$28,650,792$18,057,487$68,056,480
96$139,112,128$29,955,642$18,563,373$73,954,810
97$153,199,406$31,321,309$19,083,087$80,413,442
98$168,720,368$32,750,675$19,616,993$87,487,796
99$185,821,149$34,246,762$20,165,465$95,238,869
100$204,662,785$35,812,732$20,728,887$103,733,799