Can I retire at age 67 with 8,700,000?

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$718,438$712,038$705,795$699,701$693,750$680,578
2 years$355,662$349,038$342,619$336,395$330,357$317,138
3 years$234,753$228,100$221,697$215,531$209,592$196,738
4 years$174,310$167,678$161,339$155,278$149,483$137,092
5 years$138,054$131,462$125,205$119,269$113,635$101,743
6 years$113,891$107,348$101,185$95,380$89,915$78,536
7 years$96,638$90,151$84,085$78,417$73,125$62,261
8 years$83,705$77,276$71,311$65,782$60,664$50,313
9 years$73,651$67,283$61,420$56,032$51,088$41,243
10 years$65,612$59,306$53,547$48,300$43,530$34,181
11 years$59,040$52,797$47,142$42,035$37,437$28,574
12 years$53,566$47,388$41,837$36,871$32,442$24,052
13 years$48,939$42,825$37,379$32,551$28,290$20,360
14 years$44,976$38,926$33,585$28,895$24,799$17,314
15 years$41,544$35,560$30,323$25,770$21,835$14,780
16 years$38,544$32,626$27,492$23,074$19,298$12,658
17 years$35,900$30,047$25,017$20,732$17,111$10,869
18 years$33,553$27,765$22,837$18,683$15,214$9,354
19 years$31,454$25,732$20,906$16,882$13,561$8,065
20 years$29,569$23,911$19,187$15,290$12,113$6,966
21 years$27,864$22,273$17,648$13,877$10,839$6,024
22 years$26,317$20,791$16,265$12,617$9,716$5,217
23 years$24,907$19,445$15,018$11,491$8,722$4,522
24 years$23,616$18,219$13,889$10,480$7,839$3,923
25 years$22,430$17,097$12,864$9,571$7,054$3,406
26 years$21,337$16,069$11,931$8,751$6,354$2,959
27 years$20,327$15,123$11,079$8,010$5,729$2,572
28 years$19,390$14,250$10,299$7,339$5,169$2,237
29 years$18,520$13,443$9,584$6,730$4,668$1,947
30 years$17,709$12,696$8,928$6,177$4,217$1,694
31 years$16,953$12,002$8,323$5,673$3,813$1,475
32 years$16,244$11,356$7,765$5,213$3,449$1,285
33 years$15,580$10,754$7,251$4,794$3,121$1,119
34 years$14,957$10,193$6,775$4,411$2,826$975
35 years$14,370$9,668$6,334$4,061$2,560$850
36 years$13,818$9,176$5,925$3,740$2,319$741
37 years$13,296$8,715$5,546$3,446$2,102$646
38 years$12,803$8,282$5,193$3,176$1,906$563
39 years$12,336$7,876$4,866$2,928$1,728$491
40 years$11,894$7,493$4,561$2,701$1,567$428
41 years$11,475$7,133$4,276$2,492$1,422$374
42 years$11,076$6,793$4,011$2,300$1,290$326
43 years$10,697$6,472$3,764$2,123$1,171$284
44 years$10,337$6,169$3,533$1,960$1,063$248
45 years$9,993$5,883$3,318$1,810$965$216
46 years$9,665$5,612$3,116$1,672$876$189
47 years$9,353$5,356$2,927$1,545$796$165
48 years$9,054$5,113$2,751$1,428$723$144
49 years$8,768$4,883$2,586$1,319$656$125
50 years$8,494$4,664$2,431$1,219$596$109

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $8,700,000, adding $4,651 every year, while hoping to spend $42,454 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: 75/8/17 Blend
66$8,700,000$8,700,000$8,700,000$8,700,000
67$9,592,198$9,131,098$8,996,248$10,274,416
68$10,525,431$9,533,351$9,252,451$11,128,807
69$11,552,431$9,953,891$9,515,815$12,059,308
70$12,682,718$10,393,570$9,786,533$13,078,079
71$13,926,780$10,853,280$10,064,807$14,193,896
72$15,296,175$11,333,954$10,350,841$15,416,428
73$16,803,637$11,836,570$10,644,846$16,756,319
74$18,463,199$12,362,153$10,947,039$18,225,291
75$20,290,322$12,911,775$11,257,642$19,836,252
76$22,302,044$13,486,561$11,576,882$21,603,417
77$24,517,137$14,087,688$11,904,993$23,542,443
78$26,956,290$14,716,389$12,242,215$25,670,573
79$29,642,296$15,373,957$12,588,793$28,006,799
80$32,600,273$16,061,743$12,944,981$30,572,039
81$35,857,899$16,781,167$13,311,036$33,389,333
82$39,445,673$17,533,713$13,687,225$36,484,060
83$43,397,204$18,320,938$14,073,819$39,884,176
84$47,749,526$19,144,470$14,471,099$43,620,476
85$52,543,447$20,006,019$14,879,350$47,726,882
86$57,823,938$20,907,373$15,298,867$52,240,764
87$63,640,552$21,850,406$15,729,951$57,203,288
88$70,047,895$22,837,083$16,172,912$62,659,806
89$77,106,142$23,869,462$16,628,066$68,660,280
90$84,881,601$24,949,698$17,095,739$75,259,753
91$93,447,341$26,080,050$17,576,263$82,518,865
92$102,883,884$27,262,886$18,069,982$90,504,425
93$113,279,958$28,500,686$18,577,244$99,290,038
94$124,733,343$29,796,049$19,098,411$108,956,800
95$137,351,785$31,151,697$19,633,849$119,594,057
96$151,254,022$32,570,485$20,183,938$131,300,251
97$166,570,896$34,055,402$20,749,064$144,183,844
98$183,446,594$35,609,583$21,329,623$158,364,337
99$202,040,004$37,236,311$21,926,024$173,973,401
100$222,526,222$38,939,027$22,538,683$191,156,113