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

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 $8,500,000?

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 $2,074 every year, while hoping to spend $41,959 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: 40/47/13 Blend
66$8,500,000$8,500,000$8,500,000$8,500,000
67$9,369,139$8,918,639$8,786,889$9,707,490
68$10,280,147$9,311,009$9,036,606$10,339,253
69$11,282,672$9,721,198$9,293,282$11,017,983
70$12,386,004$10,150,035$9,557,106$11,751,306
71$13,600,379$10,598,390$9,828,272$12,544,190
72$14,937,077$11,067,170$10,106,978$13,402,080
73$16,408,526$11,557,329$10,393,430$14,330,952
74$18,028,421$12,069,863$10,687,835$15,337,363
75$19,811,851$12,605,818$10,990,408$16,428,509
76$21,775,444$13,166,287$11,301,371$17,612,287
77$23,937,521$13,752,417$11,620,949$18,897,370
78$26,318,271$14,365,408$11,949,373$20,293,280
79$28,939,940$15,006,518$12,286,882$21,810,475
80$31,827,040$15,677,064$12,633,720$23,460,442
81$35,006,585$16,378,427$12,990,136$25,255,804
82$38,508,339$17,112,052$13,356,387$27,210,427
83$42,365,100$17,879,454$13,732,737$29,339,552
84$46,613,012$18,682,219$14,119,456$31,659,929
85$51,291,902$19,522,009$14,516,819$34,189,971
86$56,445,655$20,400,567$14,925,112$36,949,919
87$62,122,633$21,319,716$15,344,625$39,962,031
88$68,376,129$22,281,369$15,775,657$43,250,779
89$75,264,865$23,287,528$16,218,513$46,843,079
90$82,853,556$24,340,291$16,673,507$50,768,533
91$91,213,511$25,441,857$17,140,962$55,059,701
92$100,423,311$26,594,531$17,621,206$59,752,402
93$110,569,551$27,800,725$18,114,579$64,886,043
94$121,747,653$29,062,968$18,621,426$70,503,980
95$134,062,773$30,383,913$19,142,102$76,653,920
96$147,630,785$31,766,334$19,676,972$83,388,359
97$162,579,384$33,213,143$20,226,409$90,765,070
98$179,049,282$34,727,388$20,790,795$98,847,634
99$197,195,545$36,312,266$21,370,523$107,706,031
100$217,189,048$37,971,125$21,965,993$117,417,289