Can I retire at age 67 with 8,800,000?

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 $8,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$726,696$720,223$713,907$707,743$701,724$695,554
2 years$359,750$353,050$346,557$340,261$334,154$327,937
3 years$237,451$230,722$224,245$218,009$212,001$205,929
4 years$176,314$169,605$163,193$157,063$151,201$145,321
5 years$139,641$132,973$126,645$120,639$114,941$109,270
6 years$115,200$108,582$102,348$96,476$90,949$85,494
7 years$97,749$91,187$85,051$79,318$73,966$68,730
8 years$84,667$78,164$72,130$66,538$61,362$56,345
9 years$74,498$68,056$62,126$56,676$51,675$46,875
10 years$66,367$59,988$54,163$48,855$44,030$39,444
11 years$59,718$53,404$47,684$42,519$37,867$33,492
12 years$54,182$47,932$42,318$37,295$32,815$28,647
13 years$49,501$43,317$37,809$32,925$28,615$24,649
14 years$45,493$39,374$33,971$29,228$25,084$21,315
15 years$42,022$35,969$30,671$26,066$22,086$18,508
16 years$38,987$33,001$27,808$23,339$19,520$16,127
17 years$36,313$30,392$25,304$20,970$17,307$14,095
18 years$33,938$28,084$23,100$18,898$15,389$12,350
19 years$31,816$26,028$21,147$17,076$13,717$10,846
20 years$29,908$24,186$19,407$15,466$12,252$9,542
21 years$28,185$22,529$17,851$14,036$10,964$8,409
22 years$26,620$21,030$16,452$12,762$9,828$7,422
23 years$25,193$19,669$15,191$11,623$8,822$6,558
24 years$23,887$18,428$14,049$10,601$7,929$5,801
25 years$22,688$17,294$13,012$9,681$7,135$5,137
26 years$21,582$16,254$12,068$8,852$6,427$4,552
27 years$20,560$15,296$11,206$8,102$5,795$4,038
28 years$19,613$14,414$10,418$7,423$5,229$3,583
29 years$18,733$13,598$9,695$6,807$4,721$3,182
30 years$17,913$12,842$9,030$6,248$4,266$2,827
31 years$17,147$12,140$8,419$5,738$3,857$2,513
32 years$16,431$11,487$7,855$5,273$3,489$2,234
33 years$15,760$10,878$7,334$4,849$3,157$1,987
34 years$15,129$10,310$6,852$4,462$2,859$1,768
35 years$14,536$9,779$6,407$4,107$2,589$1,574
36 years$13,976$9,281$5,993$3,783$2,346$1,401
37 years$13,449$8,815$5,609$3,485$2,126$1,248
38 years$12,950$8,378$5,253$3,212$1,928$1,111
39 years$12,478$7,966$4,922$2,962$1,748$990
40 years$12,031$7,579$4,613$2,732$1,585$882
41 years$11,607$7,215$4,325$2,521$1,438$786
42 years$11,204$6,871$4,057$2,326$1,305$700
43 years$10,820$6,547$3,807$2,147$1,185$624
44 years$10,456$6,240$3,574$1,983$1,075$556
45 years$10,108$5,951$3,356$1,831$976$496
46 years$9,777$5,677$3,152$1,691$886$442
47 years$9,460$5,417$2,961$1,563$805$394
48 years$9,158$5,172$2,783$1,444$731$351
49 years$8,869$4,939$2,615$1,335$664$313
50 years$8,592$4,718$2,459$1,233$603$279

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $8,800,000, adding $2,599 every year, while hoping to spend $56,494 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: 42/36/22 Blend
66$8,800,000$8,800,000$8,800,000$8,800,000
67$9,700,281$9,233,881$9,097,481$10,045,073
68$10,629,600$9,626,232$9,342,137$10,683,255
69$11,651,817$10,035,915$9,593,096$11,368,279
70$12,776,347$10,463,719$9,850,509$12,108,973
71$14,013,564$10,910,471$10,114,531$12,910,485
72$15,374,899$11,377,035$10,385,319$13,778,469
73$16,872,947$11,864,318$10,663,036$14,719,133
74$18,521,584$12,373,267$10,947,845$15,739,294
75$20,336,102$12,904,873$11,239,914$16,846,444
76$22,333,348$13,460,176$11,539,415$18,048,811
77$24,531,887$14,040,262$11,846,522$19,355,438
78$26,952,174$14,646,269$12,161,415$20,776,263
79$29,616,748$15,279,388$12,484,274$22,322,210
80$32,550,445$15,940,867$12,815,287$24,005,286
81$35,780,632$16,632,011$13,154,640$25,838,695
82$39,337,464$17,354,188$13,502,529$27,836,954
83$43,254,171$18,108,828$13,859,149$30,016,027
84$47,567,367$18,897,431$14,224,701$32,393,475
85$52,317,398$19,721,565$14,599,388$34,988,609
86$57,548,725$20,582,874$14,983,420$37,822,676
87$63,310,338$21,483,078$15,377,008$40,919,049
88$69,656,223$22,423,979$15,780,367$44,303,443
89$76,645,866$23,407,463$16,193,719$48,004,156
90$84,344,822$24,435,506$16,617,286$52,052,323
91$92,825,326$25,510,178$17,051,297$56,482,214
92$102,166,976$26,633,644$17,495,982$61,331,539
93$112,457,490$27,808,174$17,951,579$66,641,810
94$123,793,524$29,036,145$18,418,328$72,458,714
95$136,281,593$30,320,045$18,896,471$78,832,547
96$150,039,070$31,662,483$19,386,258$85,818,676
97$165,195,298$33,066,187$19,887,940$93,478,053
98$181,892,807$34,534,019$20,401,775$101,877,786
99$200,288,661$36,068,973$20,928,022$111,091,762
100$220,555,940$37,674,188$21,466,946$121,201,334