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

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 $8,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$677,148$671,117$665,232$659,488$653,880$642,518
2 years$335,222$328,979$322,928$317,062$311,371$299,962
3 years$221,261$214,991$208,956$203,144$197,547$186,445
4 years$164,292$158,041$152,066$146,354$140,892$130,183
5 years$130,120$123,906$118,010$112,414$107,104$96,818
6 years$107,345$101,179$95,369$89,898$84,748$74,897
7 years$91,085$84,970$79,252$73,910$68,922$59,509
8 years$78,894$72,835$67,212$62,002$57,178$48,201
9 years$69,418$63,416$57,890$52,812$48,152$39,606
10 years$61,842$55,898$50,470$45,524$41,028$32,905
11 years$55,647$49,763$44,433$39,620$35,285$27,577
12 years$50,488$44,664$39,433$34,752$30,578$23,273
13 years$46,126$40,363$35,231$30,681$26,664$19,753
14 years$42,391$36,689$31,655$27,235$23,374$16,843
15 years$39,156$33,516$28,580$24,289$20,580$14,418
16 years$36,329$30,751$25,912$21,748$18,189$12,382
17 years$33,837$28,320$23,579$19,540$16,127$10,662
18 years$31,624$26,169$21,525$17,610$14,340$9,203
19 years$29,647$24,253$19,705$15,912$12,781$7,959
20 years$27,869$22,537$18,084$14,411$11,416$6,894
21 years$26,263$20,993$16,634$13,079$10,216$5,981
22 years$24,805$19,596$15,331$11,892$9,158$5,195
23 years$23,475$18,328$14,155$10,830$8,220$4,517
24 years$22,259$17,172$13,091$9,878$7,389$3,931
25 years$21,141$16,115$12,125$9,021$6,649$3,424
26 years$20,111$15,145$11,245$8,248$5,989$2,984
27 years$19,159$14,254$10,442$7,550$5,400$2,603
28 years$18,276$13,431$9,707$6,917$4,872$2,271
29 years$17,456$12,671$9,034$6,343$4,399$1,982
30 years$16,692$11,966$8,414$5,822$3,975$1,731
31 years$15,978$11,312$7,845$5,347$3,594$1,512
32 years$15,311$10,703$7,319$4,914$3,251$1,322
33 years$14,685$10,136$6,834$4,519$2,942$1,155
34 years$14,097$9,607$6,385$4,157$2,664$1,010
35 years$13,544$9,112$5,970$3,827$2,413$883
36 years$13,023$8,649$5,585$3,525$2,186$772
37 years$12,532$8,214$5,227$3,248$1,981$676
38 years$12,067$7,806$4,895$2,993$1,796$591
39 years$11,627$7,423$4,586$2,760$1,629$517
40 years$11,211$7,062$4,298$2,546$1,477$453
41 years$10,815$6,723$4,031$2,349$1,340$396
42 years$10,440$6,403$3,781$2,168$1,216$347
43 years$10,083$6,100$3,548$2,001$1,104$303
44 years$9,743$5,815$3,330$1,848$1,002$266
45 years$9,419$5,545$3,127$1,706$910$232
46 years$9,110$5,290$2,937$1,576$826$203
47 years$8,815$5,048$2,759$1,456$750$178
48 years$8,533$4,819$2,593$1,346$681$156
49 years$8,264$4,602$2,437$1,244$619$137
50 years$8,006$4,396$2,291$1,149$562$120

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 $4,386 every year, while hoping to spend $46,707 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: 50/28/22 Blend
66$8,200,000$8,200,000$8,200,000$8,200,000
67$9,040,924$8,606,324$8,479,224$9,436,994
68$9,913,403$8,978,338$8,713,582$10,084,192
69$10,873,308$9,367,015$8,954,226$10,782,090
70$11,929,510$9,773,123$9,201,317$11,539,637
71$13,091,778$10,197,465$9,455,019$12,362,489
72$14,370,880$10,640,881$9,715,502$13,256,864
73$15,778,678$11,104,252$9,982,940$14,229,597
74$17,328,243$11,588,500$10,257,508$15,288,201
75$19,033,978$12,094,591$10,539,390$16,440,938
76$20,911,753$12,623,536$10,828,769$17,696,890
77$22,979,056$13,176,392$11,125,836$19,066,047
78$25,255,153$13,754,270$11,430,785$20,559,396
79$27,761,278$14,358,328$11,743,816$22,189,023
80$30,520,826$14,989,783$12,065,131$23,968,221
81$33,559,576$15,649,909$12,394,939$25,911,616
82$36,905,936$16,340,038$12,733,453$28,035,302
83$40,591,208$17,061,566$13,080,890$30,356,986
84$44,649,886$17,815,957$13,437,474$32,896,153
85$49,119,977$18,604,742$13,803,432$35,674,248
86$54,043,365$19,429,525$14,178,998$38,714,874
87$59,466,203$20,291,987$14,564,409$42,044,008
88$65,439,349$21,193,887$14,959,910$45,690,246
89$72,018,845$22,137,070$15,365,749$49,685,065
90$79,266,446$23,123,466$15,782,181$54,063,119
91$87,250,206$24,155,098$16,209,467$58,862,557
92$96,045,115$25,234,086$16,647,872$64,125,382
93$105,733,810$26,362,648$17,097,668$69,897,842
94$116,407,352$27,543,112$17,559,133$76,230,858
95$128,166,089$28,777,911$18,032,552$83,180,501
96$141,120,601$30,069,600$18,518,213$90,808,518
97$155,392,743$31,420,851$19,016,413$99,182,902
98$171,116,795$32,834,464$19,527,455$108,378,534
99$188,440,731$34,313,376$20,051,648$118,477,881
100$207,527,614$35,860,660$20,589,307$129,571,764