Can I retire at age 67 with 8,400,000?

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 $8,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$693,664$687,485$681,457$675,573$669,828$644,525
2 years$343,398$337,003$330,804$324,795$318,966$293,767
3 years$226,658$220,235$214,052$208,099$202,365$178,063
4 years$168,299$161,896$155,775$149,924$144,328$121,109
5 years$133,293$126,928$120,888$115,156$109,716$87,639
6 years$109,964$103,647$97,695$92,091$86,815$65,895
7 years$93,306$87,042$81,185$75,713$70,604$50,836
8 years$80,819$74,611$68,852$63,514$58,572$39,938
9 years$71,111$64,963$59,302$54,100$49,326$31,799
10 years$63,350$57,261$51,701$46,634$42,029$25,575
11 years$57,004$50,976$45,517$40,586$36,146$20,731
12 years$51,719$45,754$40,395$35,599$31,323$16,907
13 years$47,251$41,348$36,090$31,429$27,315$13,856
14 years$43,425$37,584$32,427$27,899$23,944$11,399
15 years$40,111$34,334$29,277$24,881$21,082$9,408
16 years$37,215$31,501$26,544$22,278$18,632$7,784
17 years$34,662$29,011$24,154$20,017$16,521$6,454
18 years$32,396$26,807$22,050$18,039$14,689$5,360
19 years$30,370$24,845$20,185$16,300$13,093$4,458
20 years$28,549$23,087$18,525$14,763$11,695$3,712
21 years$26,904$21,505$17,040$13,398$10,466$3,094
22 years$25,410$20,074$15,705$12,182$9,381$2,581
23 years$24,048$18,775$14,500$11,094$8,421$2,155
24 years$22,802$17,591$13,410$10,119$7,569$1,799
25 years$21,656$16,508$12,421$9,241$6,811$1,504
26 years$20,601$15,515$11,520$8,449$6,135$1,257
27 years$19,626$14,601$10,697$7,734$5,531$1,051
28 years$18,722$13,759$9,944$7,086$4,991$879
29 years$17,882$12,980$9,254$6,498$4,507$735
30 years$17,099$12,258$8,620$5,964$4,072$615
31 years$16,368$11,588$8,036$5,477$3,682$515
32 years$15,684$10,964$7,498$5,034$3,330$431
33 years$15,043$10,383$7,001$4,629$3,014$361
34 years$14,441$9,841$6,541$4,259$2,729$302
35 years$13,875$9,334$6,115$3,921$2,471$253
36 years$13,341$8,860$5,721$3,611$2,239$212
37 years$12,837$8,415$5,354$3,327$2,030$177
38 years$12,361$7,997$5,014$3,066$1,840$148
39 years$11,911$7,604$4,698$2,827$1,669$124
40 years$11,484$7,235$4,403$2,608$1,513$104
41 years$11,079$6,887$4,129$2,406$1,373$87
42 years$10,694$6,559$3,873$2,221$1,246$73
43 years$10,329$6,249$3,634$2,050$1,131$61
44 years$9,980$5,957$3,411$1,893$1,026$51
45 years$9,649$5,680$3,203$1,748$932$43
46 years$9,332$5,419$3,009$1,615$846$36
47 years$9,030$5,171$2,826$1,492$768$30
48 years$8,741$4,937$2,656$1,378$698$25
49 years$8,465$4,714$2,497$1,274$634$21
50 years$8,201$4,503$2,347$1,177$575$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $8,400,000, adding $3,515 every year, while hoping to spend $27,082 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: 56/14/30 Blend
66$8,400,000$8,400,000$8,400,000$8,400,000
67$9,260,426$8,815,226$8,685,026$9,701,922
68$10,176,174$9,218,357$8,947,159$10,409,928
69$11,184,421$9,640,334$9,217,166$11,177,892
70$12,294,573$10,082,051$9,495,282$12,014,159
71$13,516,995$10,544,447$9,781,749$12,925,338
72$14,863,107$11,028,504$10,076,817$13,918,699
73$16,345,496$11,535,252$10,380,742$15,002,240
74$17,978,028$12,065,771$10,693,789$16,184,758
75$19,775,985$12,621,192$11,016,229$17,475,936
76$21,756,206$13,202,701$11,348,343$18,886,426
77$23,937,247$13,811,540$11,690,420$20,427,951
78$26,339,553$14,449,013$12,042,756$22,113,412
79$28,985,657$15,116,484$12,405,658$23,957,010
80$31,900,387$15,815,385$12,779,440$25,974,375
81$35,111,102$16,547,215$13,164,428$28,182,711
82$38,647,952$17,313,546$13,560,954$30,600,958
83$42,544,160$18,116,026$13,969,362$33,249,969
84$46,836,335$18,956,382$14,390,007$36,152,699
85$51,564,822$19,836,425$14,823,252$39,334,424
86$56,774,076$20,758,053$15,269,473$42,822,974
87$62,513,088$21,723,253$15,729,057$46,648,993
88$68,835,843$22,734,112$16,202,400$50,846,228
89$75,801,831$23,792,816$16,689,912$55,451,838
90$83,476,608$24,901,655$17,192,016$60,506,747
91$91,932,418$26,063,032$17,709,144$66,056,024
92$101,248,868$27,279,463$18,241,743$72,149,306
93$111,513,684$28,553,589$18,790,274$78,841,261
94$122,823,542$29,888,177$19,355,209$86,192,102
95$135,284,971$31,286,126$19,937,037$94,268,149
96$149,015,370$32,750,477$20,536,259$103,142,451
97$164,144,106$34,284,419$21,153,393$112,895,474
98$180,813,742$35,891,293$21,788,968$123,615,850
99$199,181,380$37,574,602$22,443,535$135,401,216
100$219,420,142$39,338,019$23,117,655$148,359,123