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

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 $8,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$693,664$687,485$681,457$675,573$669,828$642,998
2 years$343,398$337,003$330,804$324,795$318,966$292,272
3 years$226,658$220,235$214,052$208,099$202,365$176,648
4 years$168,299$161,896$155,775$149,924$144,328$119,783
5 years$133,293$126,928$120,888$115,156$109,716$86,406
6 years$109,964$103,647$97,695$92,091$86,815$64,754
7 years$93,306$87,042$81,185$75,713$70,604$49,783
8 years$80,819$74,611$68,852$63,514$58,572$38,972
9 years$71,111$64,963$59,302$54,100$49,326$30,915
10 years$63,350$57,261$51,701$46,634$42,029$24,770
11 years$57,004$50,976$45,517$40,586$36,146$20,000
12 years$51,719$45,754$40,395$35,599$31,323$16,245
13 years$47,251$41,348$36,090$31,429$27,315$13,259
14 years$43,425$37,584$32,427$27,899$23,944$10,862
15 years$40,111$34,334$29,277$24,881$21,082$8,926
16 years$37,215$31,501$26,544$22,278$18,632$7,353
17 years$34,662$29,011$24,154$20,017$16,521$6,070
18 years$32,396$26,807$22,050$18,039$14,689$5,019
19 years$30,370$24,845$20,185$16,300$13,093$4,155
20 years$28,549$23,087$18,525$14,763$11,695$3,444
21 years$26,904$21,505$17,040$13,398$10,466$2,857
22 years$25,410$20,074$15,705$12,182$9,381$2,372
23 years$24,048$18,775$14,500$11,094$8,421$1,971
24 years$22,802$17,591$13,410$10,119$7,569$1,638
25 years$21,656$16,508$12,421$9,241$6,811$1,362
26 years$20,601$15,515$11,520$8,449$6,135$1,133
27 years$19,626$14,601$10,697$7,734$5,531$943
28 years$18,722$13,759$9,944$7,086$4,991$785
29 years$17,882$12,980$9,254$6,498$4,507$653
30 years$17,099$12,258$8,620$5,964$4,072$544
31 years$16,368$11,588$8,036$5,477$3,682$453
32 years$15,684$10,964$7,498$5,034$3,330$377
33 years$15,043$10,383$7,001$4,629$3,014$314
34 years$14,441$9,841$6,541$4,259$2,729$262
35 years$13,875$9,334$6,115$3,921$2,471$218
36 years$13,341$8,860$5,721$3,611$2,239$182
37 years$12,837$8,415$5,354$3,327$2,030$151
38 years$12,361$7,997$5,014$3,066$1,840$126
39 years$11,911$7,604$4,698$2,827$1,669$105
40 years$11,484$7,235$4,403$2,608$1,513$88
41 years$11,079$6,887$4,129$2,406$1,373$73
42 years$10,694$6,559$3,873$2,221$1,246$61
43 years$10,329$6,249$3,634$2,050$1,131$51
44 years$9,980$5,957$3,411$1,893$1,026$42
45 years$9,649$5,680$3,203$1,748$932$35
46 years$9,332$5,419$3,009$1,615$846$29
47 years$9,030$5,171$2,826$1,492$768$24
48 years$8,741$4,937$2,656$1,378$698$20
49 years$8,465$4,714$2,497$1,274$634$17
50 years$8,201$4,503$2,347$1,177$575$14

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 $5,666 every year, while hoping to spend $58,669 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: 60/16/24 Blend
66$8,400,000$8,400,000$8,400,000$8,400,000
67$9,262,644$8,817,444$8,687,244$9,758,714
68$10,145,011$9,187,076$8,915,844$10,466,137
69$11,115,412$9,572,853$9,150,135$11,230,781
70$12,182,766$9,975,505$9,390,246$12,063,810
71$13,356,898$10,395,794$9,636,310$12,971,882
72$14,648,634$10,834,520$9,888,458$13,962,323
73$16,069,900$11,292,517$10,146,827$15,043,192
74$17,633,840$11,770,660$10,411,555$16,223,360
75$19,354,932$12,269,864$10,682,783$17,512,591
76$21,249,133$12,791,085$10,960,654$18,921,630
77$23,334,023$13,335,326$11,245,314$20,462,306
78$25,628,972$13,903,635$11,536,911$22,147,639
79$28,155,324$14,497,111$11,835,594$23,991,964
80$30,936,598$15,116,900$12,141,518$26,011,063
81$33,998,710$15,764,207$12,454,837$28,222,310
82$37,370,214$16,440,289$12,775,710$30,644,838
83$41,082,576$17,146,463$13,104,297$33,299,713
84$45,170,468$17,884,109$13,440,760$36,210,131
85$49,672,095$18,654,670$13,785,264$39,401,638
86$54,629,556$19,459,656$14,137,979$42,902,364
87$60,089,242$20,300,651$14,499,072$46,743,292
88$66,102,272$21,179,310$14,868,718$50,958,541
89$72,724,974$22,097,366$15,247,091$55,585,692
90$80,019,421$23,056,636$15,634,367$60,666,135
91$88,054,010$24,059,020$16,030,727$66,245,459
92$96,904,115$25,106,508$16,436,353$72,373,879
93$106,652,792$26,201,184$16,851,427$79,106,708
94$117,391,564$27,345,229$17,276,137$86,504,875
95$129,221,286$28,540,928$17,710,671$94,635,495
96$142,253,098$29,790,674$18,155,219$103,572,502
97$156,609,468$31,096,971$18,609,973$113,397,341
98$172,425,354$32,462,443$19,075,127$124,199,735
99$189,849,475$33,889,838$19,550,879$136,078,528
100$209,045,714$35,382,032$20,037,426$149,142,610