Can I retire at age 67 with 8,200,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $8,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$677,148$671,117$665,232$659,488$653,880$644,640
2 years$335,222$328,979$322,928$317,062$311,371$302,081
3 years$221,261$214,991$208,956$203,144$197,547$188,494
4 years$164,292$158,041$152,066$146,354$140,892$132,146
5 years$130,120$123,906$118,010$112,414$107,104$98,691
6 years$107,345$101,179$95,369$89,898$84,748$76,677
7 years$91,085$84,970$79,252$73,910$68,922$61,198
8 years$78,894$72,835$67,212$62,002$57,178$49,797
9 years$69,418$63,416$57,890$52,812$48,152$41,112
10 years$61,842$55,898$50,470$45,524$41,028$34,324
11 years$55,647$49,763$44,433$39,620$35,285$28,911
12 years$50,488$44,664$39,433$34,752$30,578$24,524
13 years$46,126$40,363$35,231$30,681$26,664$20,925
14 years$42,391$36,689$31,655$27,235$23,374$17,938
15 years$39,156$33,516$28,580$24,289$20,580$15,440
16 years$36,329$30,751$25,912$21,748$18,189$13,334
17 years$33,837$28,320$23,579$19,540$16,127$11,548
18 years$31,624$26,169$21,525$17,610$14,340$10,025
19 years$29,647$24,253$19,705$15,912$12,781$8,721
20 years$27,869$22,537$18,084$14,411$11,416$7,599
21 years$26,263$20,993$16,634$13,079$10,216$6,632
22 years$24,805$19,596$15,331$11,892$9,158$5,796
23 years$23,475$18,328$14,155$10,830$8,220$5,071
24 years$22,259$17,172$13,091$9,878$7,389$4,441
25 years$21,141$16,115$12,125$9,021$6,649$3,893
26 years$20,111$15,145$11,245$8,248$5,989$3,414
27 years$19,159$14,254$10,442$7,550$5,400$2,997
28 years$18,276$13,431$9,707$6,917$4,872$2,632
29 years$17,456$12,671$9,034$6,343$4,399$2,313
30 years$16,692$11,966$8,414$5,822$3,975$2,033
31 years$15,978$11,312$7,845$5,347$3,594$1,788
32 years$15,311$10,703$7,319$4,914$3,251$1,573
33 years$14,685$10,136$6,834$4,519$2,942$1,384
34 years$14,097$9,607$6,385$4,157$2,664$1,218
35 years$13,544$9,112$5,970$3,827$2,413$1,072
36 years$13,023$8,649$5,585$3,525$2,186$944
37 years$12,532$8,214$5,227$3,248$1,981$832
38 years$12,067$7,806$4,895$2,993$1,796$732
39 years$11,627$7,423$4,586$2,760$1,629$645
40 years$11,211$7,062$4,298$2,546$1,477$569
41 years$10,815$6,723$4,031$2,349$1,340$501
42 years$10,440$6,403$3,781$2,168$1,216$441
43 years$10,083$6,100$3,548$2,001$1,104$389
44 years$9,743$5,815$3,330$1,848$1,002$343
45 years$9,419$5,545$3,127$1,706$910$302
46 years$9,110$5,290$2,937$1,576$826$266
47 years$8,815$5,048$2,759$1,456$750$235
48 years$8,533$4,819$2,593$1,346$681$207
49 years$8,264$4,602$2,437$1,244$619$183
50 years$8,006$4,396$2,291$1,149$562$161

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $8,200,000, adding $4,089 every year, while hoping to spend $46,019 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: 78/9/13 Blend
66$8,200,000$8,200,000$8,200,000$8,200,000
67$9,040,618$8,606,018$8,478,918$9,722,260
68$9,913,797$8,978,749$8,713,998$10,544,281
69$10,874,498$9,368,201$8,955,410$11,439,401
70$11,931,600$9,775,146$9,203,319$12,419,911
71$13,094,885$10,200,390$9,457,892$13,494,319
72$14,375,132$10,644,778$9,719,301$14,671,994
73$15,784,218$11,109,195$9,987,720$15,963,252
74$17,335,230$11,594,568$10,263,331$17,379,453
75$19,042,588$12,101,865$10,546,317$18,933,108
76$20,922,180$12,632,105$10,836,866$20,637,995
77$22,991,513$13,186,349$11,135,172$22,509,291
78$25,269,879$13,765,712$11,441,432$24,563,709
79$27,778,536$14,371,361$11,755,849$26,819,659
80$30,540,906$15,004,517$12,078,629$29,297,416
81$33,582,800$15,666,460$12,409,985$32,019,318
82$36,932,659$16,358,530$12,750,133$35,009,965
83$40,621,823$17,082,130$13,099,295$38,296,460
84$44,684,825$17,838,731$13,457,698$41,908,655
85$49,159,720$18,629,872$13,825,574$45,879,437
86$54,088,442$19,457,165$14,203,160$50,245,035
87$59,517,197$20,322,301$14,590,701$55,045,360
88$65,496,905$21,227,048$14,988,443$60,324,380
89$72,083,676$22,173,259$15,396,642$66,130,533
90$79,339,339$23,162,877$15,815,558$72,517,185
91$87,332,028$24,197,934$16,245,455$79,543,129
92$96,136,823$25,280,562$16,686,607$87,273,139
93$105,836,461$26,412,991$17,139,290$95,778,579
94$116,522,114$27,597,561$17,603,790$105,138,077
95$128,294,248$28,836,720$18,080,395$115,438,261
96$141,263,576$30,133,035$18,569,404$126,774,578
97$155,552,101$31,489,193$19,071,118$139,252,189
98$171,294,263$32,908,012$19,585,849$152,986,965
99$188,638,216$34,392,442$20,113,913$168,106,571
100$207,747,217$35,945,575$20,655,632$184,751,675