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%13.9%
1 years$710,180$703,854$697,682$691,658$685,776$674,693
2 years$351,574$345,026$338,681$332,528$326,560$315,424
3 years$232,055$225,479$219,149$213,054$207,183$196,342
4 years$172,307$165,751$159,484$153,493$147,765$137,301
5 years$136,467$129,951$123,766$117,898$112,328$102,273
6 years$112,582$106,114$100,022$94,284$88,882$79,245
7 years$95,528$89,115$83,118$77,516$72,285$63,070
8 years$82,743$76,388$70,491$65,026$59,967$51,174
9 years$72,804$66,509$60,714$55,388$50,501$42,124
10 years$64,858$58,625$52,932$47,745$43,029$35,061
11 years$58,361$52,190$46,600$41,552$37,007$29,439
12 years$52,951$46,843$41,357$36,447$32,069$24,893
13 years$48,376$42,332$36,949$32,177$27,965$21,169
14 years$44,459$38,479$33,199$28,563$24,514$18,088
15 years$41,066$35,151$29,974$25,473$21,584$15,515
16 years$38,101$32,251$27,176$22,809$19,076$13,352
17 years$35,488$29,702$24,729$20,493$16,914$11,522
18 years$33,167$27,446$22,575$18,469$15,039$9,967
19 years$31,093$25,436$20,666$16,688$13,405$8,638
20 years$29,229$23,637$18,966$15,114$11,973$7,500
21 years$27,544$22,017$17,445$13,717$10,715$6,521
22 years$26,015$20,552$16,078$12,472$9,604$5,677
23 years$24,621$19,222$14,846$11,359$8,621$4,948
24 years$23,344$18,009$13,730$10,360$7,749$4,316
25 years$22,172$16,901$12,716$9,461$6,973$3,768
26 years$21,092$15,884$11,794$8,651$6,281$3,292
27 years$20,093$14,949$10,952$7,918$5,663$2,878
28 years$19,168$14,086$10,181$7,255$5,110$2,517
29 years$18,307$13,289$9,474$6,653$4,614$2,203
30 years$17,506$12,550$8,825$6,106$4,169$1,929
31 years$16,758$11,864$8,227$5,607$3,769$1,689
32 years$16,058$11,225$7,676$5,153$3,409$1,480
33 years$15,401$10,631$7,167$4,739$3,086$1,297
34 years$14,785$10,076$6,697$4,360$2,794$1,136
35 years$14,205$9,556$6,261$4,014$2,530$996
36 years$13,659$9,070$5,857$3,697$2,293$874
37 years$13,143$8,615$5,482$3,406$2,078$766
38 years$12,656$8,187$5,134$3,139$1,884$672
39 years$12,195$7,785$4,810$2,895$1,708$589
40 years$11,758$7,407$4,508$2,670$1,549$517
41 years$11,343$7,051$4,227$2,463$1,406$454
42 years$10,949$6,715$3,965$2,273$1,276$398
43 years$10,575$6,398$3,721$2,099$1,158$349
44 years$10,218$6,099$3,493$1,938$1,051$307
45 years$9,878$5,816$3,279$1,790$954$269
46 years$9,554$5,548$3,080$1,653$866$236
47 years$9,245$5,294$2,894$1,527$786$207
48 years$8,950$5,054$2,719$1,411$714$182
49 years$8,667$4,826$2,556$1,304$649$160
50 years$8,397$4,610$2,403$1,205$589$140

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 $5,108 every year, while hoping to spend $57,105 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: 51/32/17 Blend
66$8,600,000$8,600,000$8,600,000$8,600,000
67$9,482,469$9,026,669$8,893,369$9,921,543
68$10,388,921$9,408,216$9,130,537$10,605,581
69$11,385,918$9,806,546$9,373,737$11,342,494
70$12,482,635$10,222,419$9,623,110$12,142,429
71$13,689,179$10,656,634$9,878,800$13,011,362
72$15,016,691$11,110,025$10,140,956$13,955,858
73$16,477,443$11,583,465$10,409,727$14,983,134
74$18,084,956$12,077,869$10,685,267$16,101,125
75$19,854,130$12,594,193$10,967,732$17,318,553
76$21,801,382$13,133,439$11,257,282$18,645,009
77$23,944,801$13,696,655$11,554,078$20,091,039
78$26,304,318$14,284,939$11,858,288$21,668,244
79$28,901,897$14,899,439$12,170,078$23,389,382
80$31,761,736$15,541,357$12,489,621$25,268,487
81$34,910,502$16,211,952$12,817,092$27,321,001
82$38,377,577$16,912,542$13,152,670$29,563,911
83$42,195,340$17,644,507$13,496,534$32,015,908
84$46,399,467$18,409,290$13,848,870$34,697,561
85$51,029,272$19,208,404$14,209,866$37,631,506
86$56,128,073$20,043,432$14,579,713$40,842,655
87$61,743,608$20,916,031$14,958,604$44,358,427
88$67,928,477$21,827,938$15,346,739$48,209,002
89$74,740,644$22,780,969$15,744,317$52,427,604
90$82,243,981$23,777,028$16,151,543$57,050,803
91$90,508,872$24,818,107$16,568,624$62,118,864
92$99,612,876$25,906,294$16,995,772$67,676,113
93$109,641,459$27,043,772$17,433,200$73,771,356
94$120,688,803$28,232,831$17,881,127$80,458,330
95$132,858,688$29,475,867$18,339,772$87,796,208
96$146,265,480$30,775,391$18,809,360$95,850,146
97$161,035,204$32,134,030$19,290,119$104,691,896
98$177,306,735$33,554,537$19,782,278$114,400,473
99$195,233,109$35,039,797$20,286,071$125,062,895
100$214,982,967$36,592,828$20,801,736$136,775,000