Can I retire at age 67 with 8,600,000?

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 $8,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$710,180$703,854$697,682$691,658$685,776$678,050
2 years$351,574$345,026$338,681$332,528$326,560$318,782
3 years$232,055$225,479$219,149$213,054$207,183$199,595
4 years$172,307$165,751$159,484$153,493$147,765$140,425
5 years$136,467$129,951$123,766$117,898$112,328$105,258
6 years$112,582$106,114$100,022$94,284$88,882$82,089
7 years$95,528$89,115$83,118$77,516$72,285$65,773
8 years$82,743$76,388$70,491$65,026$59,967$53,736
9 years$72,804$66,509$60,714$55,388$50,501$44,548
10 years$64,858$58,625$52,932$47,745$43,029$37,351
11 years$58,361$52,190$46,600$41,552$37,007$31,597
12 years$52,951$46,843$41,357$36,447$32,069$26,923
13 years$48,376$42,332$36,949$32,177$27,965$23,076
14 years$44,459$38,479$33,199$28,563$24,514$19,876
15 years$41,066$35,151$29,974$25,473$21,584$17,189
16 years$38,101$32,251$27,176$22,809$19,076$14,916
17 years$35,488$29,702$24,729$20,493$16,914$12,982
18 years$33,167$27,446$22,575$18,469$15,039$11,327
19 years$31,093$25,436$20,666$16,688$13,405$9,903
20 years$29,229$23,637$18,966$15,114$11,973$8,675
21 years$27,544$22,017$17,445$13,717$10,715$7,611
22 years$26,015$20,552$16,078$12,472$9,604$6,687
23 years$24,621$19,222$14,846$11,359$8,621$5,882
24 years$23,344$18,009$13,730$10,360$7,749$5,179
25 years$22,172$16,901$12,716$9,461$6,973$4,565
26 years$21,092$15,884$11,794$8,651$6,281$4,026
27 years$20,093$14,949$10,952$7,918$5,663$3,554
28 years$19,168$14,086$10,181$7,255$5,110$3,139
29 years$18,307$13,289$9,474$6,653$4,614$2,774
30 years$17,506$12,550$8,825$6,106$4,169$2,452
31 years$16,758$11,864$8,227$5,607$3,769$2,169
32 years$16,058$11,225$7,676$5,153$3,409$1,919
33 years$15,401$10,631$7,167$4,739$3,086$1,698
34 years$14,785$10,076$6,697$4,360$2,794$1,504
35 years$14,205$9,556$6,261$4,014$2,530$1,332
36 years$13,659$9,070$5,857$3,697$2,293$1,180
37 years$13,143$8,615$5,482$3,406$2,078$1,045
38 years$12,656$8,187$5,134$3,139$1,884$926
39 years$12,195$7,785$4,810$2,895$1,708$821
40 years$11,758$7,407$4,508$2,670$1,549$727
41 years$11,343$7,051$4,227$2,463$1,406$645
42 years$10,949$6,715$3,965$2,273$1,276$572
43 years$10,575$6,398$3,721$2,099$1,158$507
44 years$10,218$6,099$3,493$1,938$1,051$449
45 years$9,878$5,816$3,279$1,790$954$399
46 years$9,554$5,548$3,080$1,653$866$353
47 years$9,245$5,294$2,894$1,527$786$313
48 years$8,950$5,054$2,719$1,411$714$278
49 years$8,667$4,826$2,556$1,304$649$247
50 years$8,397$4,610$2,403$1,205$589$219

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $8,600,000, adding $2,259 every year, while hoping to spend $50,163 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: 39/47/14 Blend
66$8,600,000$8,600,000$8,600,000$8,600,000
67$9,479,530$9,023,730$8,890,430$9,809,281
68$10,393,069$9,412,520$9,134,887$10,432,717
69$11,398,108$9,818,679$9,385,851$11,101,337
70$12,503,926$10,243,006$9,643,488$11,823,196
71$13,720,750$10,686,336$9,907,968$12,603,126
72$15,059,844$11,149,544$10,179,462$13,446,424
73$16,533,622$11,633,546$10,458,149$14,358,903
74$18,155,762$12,139,300$10,744,207$15,346,941
75$19,941,336$12,667,812$11,037,824$16,417,537
76$21,906,949$13,220,131$11,339,188$17,578,374
77$24,070,900$13,797,360$11,648,493$18,837,887
78$26,453,351$14,400,650$11,965,937$20,205,338
79$29,076,520$15,031,209$12,291,723$21,690,901
80$31,964,887$15,690,301$12,626,058$23,305,750
81$35,145,429$16,379,248$12,969,154$25,062,162
82$38,647,869$17,099,438$13,321,228$26,973,627
83$42,504,963$17,852,322$13,682,500$29,054,971
84$46,752,804$18,639,420$14,053,198$31,322,488
85$51,431,163$19,462,325$14,433,553$33,794,090
86$56,583,866$20,322,703$14,823,802$36,489,468
87$62,259,206$21,222,302$15,224,185$39,430,275
88$68,510,401$22,162,950$15,634,951$42,640,319
89$75,396,091$23,146,564$16,056,351$46,145,786
90$82,980,897$24,175,150$16,488,643$49,975,473
91$91,336,026$25,250,811$16,932,091$54,161,061
92$100,539,948$26,375,748$17,386,963$58,737,397
93$110,679,131$27,552,267$17,853,535$63,742,822
94$121,848,860$28,782,786$18,332,086$69,219,519
95$134,154,136$30,069,835$18,822,903$75,213,904
96$147,710,666$31,416,064$19,326,278$81,777,057
97$162,645,955$32,824,253$19,842,509$88,965,188
98$179,100,511$34,297,310$20,371,902$96,840,165
99$197,229,168$35,838,283$20,914,766$105,470,081
100$217,202,552$37,450,367$21,471,419$114,929,887