Can I retire at age 67 with 8,300,000?

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 $8,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$685,406$679,301$673,344$667,531$661,854$635,845
2 years$339,310$332,991$326,866$320,928$315,168$289,283
3 years$223,960$217,613$211,504$205,622$199,956$175,009
4 years$166,296$159,969$153,921$148,139$142,610$118,792
5 years$131,707$125,417$119,449$113,785$108,410$85,781
6 years$108,655$102,413$96,532$90,995$85,781$64,356
7 years$92,195$86,006$80,219$74,812$69,763$49,535
8 years$79,857$73,723$68,032$62,758$57,875$38,823
9 years$70,265$64,189$58,596$53,456$48,739$30,835
10 years$62,596$56,580$51,085$46,079$41,528$24,738
11 years$56,325$50,370$44,975$40,103$35,716$20,000
12 years$51,104$45,209$39,914$35,176$30,950$16,267
13 years$46,689$40,856$35,660$31,055$26,989$13,295
14 years$42,908$37,137$32,041$27,567$23,659$10,907
15 years$39,634$33,925$28,929$24,585$20,831$8,976
16 years$36,772$31,126$26,228$22,013$18,411$7,405
17 years$34,250$28,665$23,867$19,779$16,324$6,122
18 years$32,010$26,488$21,787$17,824$14,515$5,069
19 years$30,008$24,549$19,945$16,106$12,937$4,203
20 years$28,209$22,812$18,305$14,587$11,556$3,489
21 years$26,583$21,249$16,837$13,239$10,341$2,899
22 years$25,107$19,835$15,518$12,037$9,269$2,411
23 years$23,762$18,551$14,328$10,962$8,321$2,006
24 years$22,530$17,381$13,251$9,998$7,479$1,670
25 years$21,399$16,311$12,273$9,131$6,730$1,391
26 years$20,356$15,330$11,382$8,349$6,062$1,159
27 years$19,392$14,427$10,570$7,642$5,465$966
28 years$18,499$13,595$9,826$7,002$4,931$805
29 years$17,669$12,825$9,144$6,421$4,453$672
30 years$16,895$12,112$8,517$5,893$4,024$560
31 years$16,173$11,450$7,940$5,412$3,638$467
32 years$15,497$10,834$7,408$4,974$3,291$390
33 years$14,864$10,260$6,917$4,574$2,978$325
34 years$14,269$9,724$6,463$4,208$2,696$271
35 years$13,710$9,223$6,042$3,874$2,442$226
36 years$13,182$8,754$5,653$3,568$2,213$189
37 years$12,685$8,314$5,291$3,287$2,005$158
38 years$12,214$7,902$4,955$3,030$1,818$132
39 years$11,769$7,514$4,642$2,794$1,649$110
40 years$11,347$7,149$4,351$2,577$1,495$92
41 years$10,947$6,805$4,080$2,377$1,357$76
42 years$10,567$6,481$3,827$2,194$1,231$64
43 years$10,206$6,175$3,591$2,025$1,117$53
44 years$9,862$5,886$3,371$1,870$1,014$44
45 years$9,534$5,613$3,165$1,727$921$37
46 years$9,221$5,354$2,973$1,595$836$31
47 years$8,923$5,110$2,793$1,474$759$26
48 years$8,637$4,878$2,624$1,362$689$22
49 years$8,365$4,658$2,467$1,259$626$18
50 years$8,104$4,450$2,319$1,163$569$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $8,300,000, adding $6,865 every year, while hoping to spend $48,553 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: 50/42/8 Blend
66$8,300,000$8,300,000$8,300,000$8,300,000
67$9,153,681$8,713,781$8,585,131$9,592,089
68$10,035,697$9,089,097$8,821,073$10,267,306
69$11,006,050$9,481,175$9,063,292$10,994,860
70$12,073,702$9,890,787$9,311,946$11,784,286
71$13,248,522$10,318,738$9,567,199$12,641,392
72$14,541,388$10,765,873$9,829,217$13,572,556
73$15,964,284$11,233,075$10,098,170$14,584,785
74$17,530,415$11,721,270$10,374,233$15,685,779
75$19,254,332$12,231,426$10,657,584$16,883,994
76$21,152,066$12,764,559$10,948,406$18,188,729
77$23,241,284$13,321,729$11,246,884$19,610,198
78$25,541,450$13,904,049$11,553,210$21,159,636
79$28,074,015$14,512,684$11,867,579$22,849,388
80$30,862,612$15,148,853$12,190,191$24,693,032
81$33,933,285$15,813,834$12,521,249$26,705,497
82$37,314,731$16,508,963$12,860,962$28,903,202
83$41,038,573$17,235,641$13,209,543$31,304,206
84$45,139,655$17,995,336$13,567,211$33,928,373
85$49,656,375$18,789,582$13,934,188$36,797,555
86$54,631,044$19,619,990$14,310,701$39,935,793
87$60,110,284$20,488,243$14,696,984$43,369,539
88$66,145,474$21,396,108$15,093,274$47,127,899
89$72,793,227$22,345,432$15,499,813$51,242,901
90$80,115,930$23,338,152$15,916,851$55,749,796
91$88,182,329$24,376,296$16,344,639$60,687,376
92$97,068,180$25,461,988$16,783,438$66,098,340
93$106,856,962$26,597,453$17,233,511$72,029,689
94$117,640,667$27,785,022$17,695,128$78,533,158
95$129,520,664$29,027,138$18,168,564$85,665,702
96$142,608,662$30,326,358$18,654,101$93,490,023
97$157,027,758$31,685,362$19,152,026$102,075,151
98$172,913,601$33,106,956$19,662,631$111,497,091
99$190,415,675$34,594,083$20,186,215$121,839,528
100$209,698,703$36,149,823$20,723,083$133,194,608