Can I retire at age 67 with 8,500,000?

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 $8,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$701,922$695,670$689,570$683,616$677,802$653,753
2 years$347,486$341,015$334,743$328,661$322,763$298,790
3 years$229,356$222,857$216,601$210,577$204,774$181,631
4 years$170,303$163,823$157,630$151,709$146,047$123,910
5 years$134,880$128,439$122,327$116,527$111,022$89,951
6 years$111,273$104,880$98,859$93,187$87,848$67,857
7 years$94,417$88,078$82,152$76,614$71,444$52,529
8 years$81,781$75,500$69,671$64,270$59,270$41,415
9 years$71,958$65,736$60,008$54,744$49,914$33,097
10 years$64,104$57,943$52,316$47,190$42,529$26,720
11 years$57,683$51,583$46,058$41,069$36,576$21,744
12 years$52,335$46,298$40,876$36,023$31,696$17,804
13 years$47,814$41,840$36,520$31,803$27,640$14,651
14 years$43,942$38,032$32,813$28,231$24,229$12,104
15 years$40,589$34,743$29,626$25,177$21,333$10,032
16 years$37,658$31,876$26,860$22,544$18,854$8,337
17 years$35,075$29,356$24,442$20,255$16,717$6,943
18 years$32,781$27,126$22,312$18,254$14,864$5,793
19 years$30,731$25,141$20,426$16,494$13,249$4,840
20 years$28,889$23,362$18,746$14,939$11,834$4,049
21 years$27,224$21,761$17,242$13,558$10,590$3,390
22 years$25,712$20,313$15,892$12,327$9,493$2,841
23 years$24,334$18,998$14,673$11,226$8,521$2,383
24 years$23,073$17,800$13,570$10,239$7,659$2,000
25 years$21,914$16,704$12,569$9,351$6,892$1,679
26 years$20,847$15,699$11,657$8,550$6,208$1,410
27 years$19,860$14,775$10,824$7,826$5,597$1,185
28 years$18,945$13,922$10,063$7,170$5,050$996
29 years$18,094$13,134$9,364$6,575$4,560$837
30 years$17,302$12,404$8,722$6,035$4,121$704
31 years$16,563$11,726$8,132$5,542$3,725$592
32 years$15,871$11,095$7,587$5,093$3,370$498
33 years$15,222$10,507$7,084$4,684$3,050$419
34 years$14,613$9,958$6,619$4,310$2,761$352
35 years$14,040$9,445$6,188$3,967$2,501$297
36 years$13,500$8,965$5,789$3,654$2,266$249
37 years$12,990$8,515$5,418$3,366$2,054$210
38 years$12,509$8,092$5,074$3,103$1,862$177
39 years$12,053$7,695$4,754$2,861$1,688$149
40 years$11,621$7,321$4,456$2,639$1,531$125
41 years$11,211$6,969$4,178$2,435$1,389$105
42 years$10,822$6,637$3,919$2,247$1,261$89
43 years$10,452$6,324$3,678$2,074$1,144$75
44 years$10,099$6,028$3,452$1,915$1,039$63
45 years$9,763$5,748$3,241$1,769$943$53
46 years$9,443$5,483$3,044$1,634$856$44
47 years$9,138$5,233$2,860$1,509$777$37
48 years$8,846$4,995$2,688$1,395$706$32
49 years$8,566$4,770$2,526$1,289$641$27
50 years$8,299$4,557$2,375$1,191$582$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $8,500,000, adding $6,603 every year, while hoping to spend $47,848 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: 52/20/28 Blend
66$8,500,000$8,500,000$8,500,000$8,500,000
67$9,373,811$8,923,311$8,791,561$9,787,289
68$10,279,030$9,309,643$9,035,168$10,461,732
69$11,274,977$9,713,302$9,285,333$11,189,646
70$12,370,857$10,135,086$9,542,224$11,980,578
71$13,576,811$10,575,832$9,806,014$12,840,565
72$14,904,011$11,036,413$10,076,882$13,776,245
73$16,364,771$11,517,748$10,355,008$14,794,917
74$17,972,655$12,020,795$10,640,578$15,904,613
75$19,742,612$12,546,561$10,933,784$17,114,162
76$21,691,112$13,096,096$11,234,819$18,433,280
77$23,836,304$13,670,503$11,543,884$19,872,657
78$26,198,186$14,270,936$11,861,183$21,444,053
79$28,798,792$14,898,603$12,186,924$23,160,411
80$31,662,405$15,554,771$12,521,322$25,035,970
81$34,815,780$16,240,764$12,864,595$27,086,406
82$38,288,399$16,957,971$13,216,969$29,328,968
83$42,112,749$17,707,845$13,578,671$31,782,646
84$46,324,629$18,491,909$13,949,936$34,468,340
85$50,963,487$19,311,759$14,331,005$37,409,059
86$56,072,792$20,169,064$14,722,123$40,630,136
87$61,700,443$21,065,574$15,123,540$44,159,458
88$67,899,224$22,003,123$15,535,514$48,027,730
89$74,727,299$22,983,630$15,958,308$52,268,764
90$82,248,761$24,009,105$16,392,189$56,919,786
91$90,534,239$25,081,657$16,837,432$62,021,792
92$99,661,564$26,203,490$17,294,318$67,619,924
93$109,716,500$27,376,918$17,763,135$73,763,900
94$120,793,558$28,604,361$18,244,174$80,508,469
95$132,996,883$29,888,357$18,737,737$87,913,932
96$146,441,243$31,231,565$19,244,128$96,046,700
97$161,253,106$32,636,767$19,763,663$104,979,920
98$177,571,837$34,106,883$20,296,659$114,794,159
99$195,551,012$35,644,968$20,843,445$125,578,158
100$215,359,868$37,254,225$21,404,354$137,429,666