Can I retire at age 67 with 8,100,000?

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 $8,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$668,890$662,932$657,119$651,446$645,905$622,988
2 years$331,134$324,967$318,990$313,195$307,574$284,729
3 years$218,563$212,369$206,408$200,667$195,138$173,084
4 years$162,289$156,114$150,212$144,569$139,174$118,079
5 years$128,533$122,395$116,571$111,043$105,798$85,718
6 years$106,036$99,945$94,206$88,802$83,714$64,664
7 years$89,974$83,934$78,286$73,009$68,082$50,057
8 years$77,932$71,947$66,393$61,245$56,481$39,466
9 years$68,572$62,642$57,184$52,168$47,565$31,539
10 years$61,087$55,216$49,854$44,969$40,528$25,463
11 years$54,968$49,156$43,891$39,136$34,855$20,721
12 years$49,872$44,120$38,952$34,328$30,205$16,967
13 years$45,564$39,871$34,801$30,306$26,339$13,962
14 years$41,874$36,242$31,269$26,903$23,089$11,535
15 years$38,679$33,108$28,232$23,992$20,329$9,560
16 years$35,886$30,376$25,596$21,483$17,967$7,945
17 years$33,424$27,975$23,291$19,302$15,931$6,616
18 years$31,239$25,850$21,262$17,395$14,165$5,520
19 years$29,285$23,957$19,464$15,718$12,625$4,612
20 years$27,529$22,262$17,863$14,236$11,277$3,858
21 years$25,943$20,737$16,431$12,920$10,092$3,231
22 years$24,502$19,357$15,144$11,747$9,046$2,708
23 years$23,189$18,104$13,983$10,698$8,120$2,271
24 years$21,987$16,962$12,931$9,757$7,299$1,906
25 years$20,883$15,918$11,977$8,911$6,568$1,600
26 years$19,866$14,961$11,108$8,148$5,916$1,344
27 years$18,925$14,080$10,315$7,458$5,334$1,129
28 years$18,053$13,267$9,589$6,833$4,813$949
29 years$17,243$12,516$8,923$6,266$4,346$798
30 years$16,488$11,820$8,312$5,751$3,927$671
31 years$15,783$11,174$7,749$5,281$3,550$564
32 years$15,124$10,573$7,230$4,854$3,211$475
33 years$14,506$10,013$6,751$4,463$2,906$399
34 years$13,925$9,490$6,307$4,107$2,631$336
35 years$13,379$9,001$5,897$3,781$2,383$283
36 years$12,865$8,543$5,516$3,482$2,159$238
37 years$12,379$8,114$5,163$3,208$1,957$200
38 years$11,920$7,711$4,835$2,957$1,774$168
39 years$11,486$7,333$4,530$2,726$1,609$142
40 years$11,074$6,976$4,246$2,515$1,459$119
41 years$10,683$6,641$3,981$2,320$1,324$100
42 years$10,312$6,325$3,735$2,141$1,201$84
43 years$9,960$6,026$3,504$1,977$1,090$71
44 years$9,624$5,744$3,290$1,825$990$60
45 years$9,304$5,477$3,089$1,685$898$50
46 years$8,999$5,225$2,901$1,557$816$42
47 years$8,708$4,987$2,726$1,438$741$36
48 years$8,429$4,760$2,561$1,329$673$30
49 years$8,163$4,546$2,407$1,228$611$25
50 years$7,908$4,342$2,263$1,135$555$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $8,100,000, adding $5,358 every year, while hoping to spend $41,198 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: 70/11/19 Blend
66$8,100,000$8,100,000$8,100,000$8,100,000
67$8,931,727$8,502,427$8,376,877$9,515,495
68$9,798,929$8,875,211$8,613,668$10,278,072
69$10,753,204$9,264,882$8,857,011$11,107,063
70$11,803,392$9,672,221$9,107,081$12,013,404
71$12,959,229$10,098,052$9,364,060$13,004,737
72$14,231,446$10,543,232$9,628,132$14,089,476
73$15,631,867$11,008,663$9,899,487$15,276,881
74$17,173,518$11,495,288$10,178,320$16,577,149
75$18,870,754$12,004,095$10,464,831$18,001,507
76$20,739,392$12,536,117$10,759,225$19,562,316
77$22,796,862$13,092,439$11,061,711$21,273,188
78$25,062,369$13,674,195$11,372,505$23,149,109
79$27,557,075$14,282,575$11,691,828$25,206,586
80$30,304,298$14,918,823$12,019,906$27,463,796
81$33,329,735$15,584,243$12,356,971$29,940,755
82$36,661,700$16,280,203$12,703,261$32,659,511
83$40,331,393$17,008,134$13,059,021$35,644,344
84$44,373,197$17,769,534$13,424,500$38,922,000
85$48,824,997$18,565,975$13,799,954$42,521,934
86$53,728,541$19,399,102$14,185,647$46,476,594
87$59,129,833$20,270,639$14,581,848$50,821,718
88$65,079,569$21,182,393$14,988,832$55,596,675
89$71,633,609$22,136,254$15,406,882$60,844,832
90$78,853,514$23,134,207$15,836,289$66,613,961
91$86,807,117$24,178,328$16,277,349$72,956,687
92$95,569,169$25,270,793$16,730,367$79,930,986
93$105,222,045$26,413,882$17,195,655$87,600,722
94$115,856,515$27,609,984$17,673,531$96,036,259
95$127,572,609$28,861,602$18,164,324$105,315,109
96$140,480,554$30,171,360$18,668,368$115,522,673
97$154,701,820$31,542,005$19,186,007$126,753,036
98$170,370,260$32,976,418$19,717,593$139,109,855
99$187,633,380$34,477,616$20,263,485$152,707,334
100$206,653,727$36,048,761$20,824,054$167,671,300