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%17.3%
1 years$718,438$712,038$705,795$699,701$693,750$673,161
2 years$355,662$349,038$342,619$336,395$330,357$309,784
3 years$234,753$228,100$221,697$215,531$209,592$189,680
4 years$174,310$167,678$161,339$155,278$149,483$130,384
5 years$138,054$131,462$125,205$119,269$113,635$95,402
6 years$113,891$107,348$101,185$95,380$89,915$72,564
7 years$96,638$90,151$84,085$78,417$73,125$56,655
8 years$83,705$77,276$71,311$65,782$60,664$45,066
9 years$73,651$67,283$61,420$56,032$51,088$36,345
10 years$65,612$59,306$53,547$48,300$43,530$29,621
11 years$59,040$52,797$47,142$42,035$37,437$24,340
12 years$53,566$47,388$41,837$36,871$32,442$20,129
13 years$48,939$42,825$37,379$32,551$28,290$16,734
14 years$44,976$38,926$33,585$28,895$24,799$13,970
15 years$41,544$35,560$30,323$25,770$21,835$11,703
16 years$38,544$32,626$27,492$23,074$19,298$9,831
17 years$35,900$30,047$25,017$20,732$17,111$8,278
18 years$33,553$27,765$22,837$18,683$15,214$6,984
19 years$31,454$25,732$20,906$16,882$13,561$5,902
20 years$29,569$23,911$19,187$15,290$12,113$4,994
21 years$27,864$22,273$17,648$13,877$10,839$4,231
22 years$26,317$20,791$16,265$12,617$9,716$3,587
23 years$24,907$19,445$15,018$11,491$8,722$3,045
24 years$23,616$18,219$13,889$10,480$7,839$2,586
25 years$22,430$17,097$12,864$9,571$7,054$2,197
26 years$21,337$16,069$11,931$8,751$6,354$1,868
27 years$20,327$15,123$11,079$8,010$5,729$1,589
28 years$19,390$14,250$10,299$7,339$5,169$1,352
29 years$18,520$13,443$9,584$6,730$4,668$1,150
30 years$17,709$12,696$8,928$6,177$4,217$979
31 years$16,953$12,002$8,323$5,673$3,813$834
32 years$16,244$11,356$7,765$5,213$3,449$710
33 years$15,580$10,754$7,251$4,794$3,121$605
34 years$14,957$10,193$6,775$4,411$2,826$515
35 years$14,370$9,668$6,334$4,061$2,560$439
36 years$13,818$9,176$5,925$3,740$2,319$374
37 years$13,296$8,715$5,546$3,446$2,102$319
38 years$12,803$8,282$5,193$3,176$1,906$272
39 years$12,336$7,876$4,866$2,928$1,728$231
40 years$11,894$7,493$4,561$2,701$1,567$197
41 years$11,475$7,133$4,276$2,492$1,422$168
42 years$11,076$6,793$4,011$2,300$1,290$143
43 years$10,697$6,472$3,764$2,123$1,171$122
44 years$10,337$6,169$3,533$1,960$1,063$104
45 years$9,993$5,883$3,318$1,810$965$89
46 years$9,665$5,612$3,116$1,672$876$76
47 years$9,353$5,356$2,927$1,545$796$64
48 years$9,054$5,113$2,751$1,428$723$55
49 years$8,768$4,883$2,586$1,319$656$47
50 years$8,494$4,664$2,431$1,219$596$40

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 $5,396 every year, while hoping to spend $34,029 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: 49/34/17 Blend
66$8,700,000$8,700,000$8,700,000$8,700,000
67$9,592,966$9,131,866$8,997,016$10,017,309
68$10,535,242$9,543,121$9,262,209$10,722,412
69$11,572,489$9,973,387$9,535,146$11,484,000
70$12,714,360$10,423,559$9,816,050$12,310,584
71$13,971,488$10,894,576$10,105,151$13,208,282
72$15,355,591$11,387,422$10,402,685$14,183,814
73$16,879,581$11,903,126$10,708,895$15,244,562
74$18,557,686$12,442,767$11,024,031$16,398,639
75$20,405,585$13,007,477$11,348,351$17,654,957
76$22,440,552$13,598,441$11,682,118$19,023,316
77$24,681,624$14,216,901$12,025,605$20,514,484
78$27,149,778$14,864,157$12,379,090$22,140,303
79$29,868,128$15,541,573$12,742,863$23,913,791
80$32,862,146$16,250,579$13,117,217$25,849,263
81$36,159,899$16,992,671$13,502,458$27,962,462
82$39,792,316$17,769,419$13,898,897$30,270,705
83$43,793,478$18,582,467$14,306,857$32,793,039
84$48,200,943$19,433,539$14,726,667$35,550,415
85$53,056,097$20,324,439$15,158,667$38,565,885
86$58,404,543$21,257,061$15,603,208$41,864,811
87$64,296,538$22,233,389$16,060,647$45,475,102
88$70,787,461$23,255,501$16,531,354$49,427,466
89$77,938,337$24,325,575$17,015,709$53,755,701
90$85,816,414$25,445,896$17,514,103$58,497,002
91$94,495,800$26,618,855$18,026,936$63,692,310
92$104,058,155$27,846,963$18,554,622$69,386,688
93$114,593,469$29,132,847$19,097,584$75,629,739
94$126,200,909$30,479,262$19,656,260$82,476,073
95$138,989,754$31,889,098$20,231,096$89,985,806
96$153,080,425$33,365,381$20,822,555$98,225,125
97$168,605,628$34,911,283$21,431,109$107,266,902
98$185,711,597$36,530,131$22,057,247$117,191,373
99$204,559,483$38,225,411$22,701,468$128,086,889
100$225,326,871$40,000,777$23,364,288$140,050,735