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%13%
1 years$726,696$720,223$713,907$707,743$701,724$692,956
2 years$359,750$353,050$346,557$340,261$334,154$325,331
3 years$237,451$230,722$224,245$218,009$212,001$203,398
4 years$176,314$169,605$163,193$157,063$151,201$142,883
5 years$139,641$132,973$126,645$120,639$114,941$106,933
6 years$115,200$108,582$102,348$96,476$90,949$83,261
7 years$97,749$91,187$85,051$79,318$73,966$66,601
8 years$84,667$78,164$72,130$66,538$61,362$54,319
9 years$74,498$68,056$62,126$56,676$51,675$44,951
10 years$66,367$59,988$54,163$48,855$44,030$37,620
11 years$59,718$53,404$47,684$42,519$37,867$31,766
12 years$54,182$47,932$42,318$37,295$32,815$27,016
13 years$49,501$43,317$37,809$32,925$28,615$23,110
14 years$45,493$39,374$33,971$29,228$25,084$19,865
15 years$42,022$35,969$30,671$26,066$22,086$17,145
16 years$38,987$33,001$27,808$23,339$19,520$14,847
17 years$36,313$30,392$25,304$20,970$17,307$12,895
18 years$33,938$28,084$23,100$18,898$15,389$11,226
19 years$31,816$26,028$21,147$17,076$13,717$9,795
20 years$29,908$24,186$19,407$15,466$12,252$8,561
21 years$28,185$22,529$17,851$14,036$10,964$7,494
22 years$26,620$21,030$16,452$12,762$9,828$6,569
23 years$25,193$19,669$15,191$11,623$8,822$5,765
24 years$23,887$18,428$14,049$10,601$7,929$5,064
25 years$22,688$17,294$13,012$9,681$7,135$4,453
26 years$21,582$16,254$12,068$8,852$6,427$3,918
27 years$20,560$15,296$11,206$8,102$5,795$3,450
28 years$19,613$14,414$10,418$7,423$5,229$3,040
29 years$18,733$13,598$9,695$6,807$4,721$2,680
30 years$17,913$12,842$9,030$6,248$4,266$2,363
31 years$17,147$12,140$8,419$5,738$3,857$2,085
32 years$16,431$11,487$7,855$5,273$3,489$1,840
33 years$15,760$10,878$7,334$4,849$3,157$1,625
34 years$15,129$10,310$6,852$4,462$2,859$1,435
35 years$14,536$9,779$6,407$4,107$2,589$1,268
36 years$13,976$9,281$5,993$3,783$2,346$1,120
37 years$13,449$8,815$5,609$3,485$2,126$990
38 years$12,950$8,378$5,253$3,212$1,928$875
39 years$12,478$7,966$4,922$2,962$1,748$773
40 years$12,031$7,579$4,613$2,732$1,585$684
41 years$11,607$7,215$4,325$2,521$1,438$604
42 years$11,204$6,871$4,057$2,326$1,305$534
43 years$10,820$6,547$3,807$2,147$1,185$473
44 years$10,456$6,240$3,574$1,983$1,075$418
45 years$10,108$5,951$3,356$1,831$976$370
46 years$9,777$5,677$3,152$1,691$886$327
47 years$9,460$5,417$2,961$1,563$805$289
48 years$9,158$5,172$2,783$1,444$731$256
49 years$8,869$4,939$2,615$1,335$664$226
50 years$8,592$4,718$2,459$1,233$603$200

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 $5,349 every year, while hoping to spend $28,318 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: 40/32/28 Blend
66$8,800,000$8,800,000$8,800,000$8,800,000
67$9,703,117$9,236,717$9,100,317$10,010,802
68$10,662,705$9,659,187$9,375,048$10,657,452
69$11,719,222$10,101,407$9,658,033$11,353,562
70$12,882,524$10,564,318$9,949,519$12,106,150
71$14,163,474$11,048,902$10,249,760$12,920,408
72$15,574,039$11,556,188$10,559,017$13,802,032
73$17,127,406$12,087,257$10,877,560$14,757,277
74$18,838,109$12,643,240$11,205,665$15,793,007
75$20,722,161$13,225,323$11,543,620$16,916,763
76$22,797,206$13,834,749$11,891,716$18,136,825
77$25,082,690$14,472,821$12,250,257$19,462,289
78$27,600,038$15,140,903$12,619,555$20,903,148
79$30,372,862$15,840,427$12,999,930$22,470,383
80$33,427,179$16,572,893$13,391,712$24,176,062
81$36,791,659$17,339,873$13,795,242$26,033,449
82$40,497,896$18,143,014$14,210,871$28,057,124
83$44,580,703$18,984,044$14,638,957$30,263,119
84$49,078,446$19,864,773$15,079,873$32,669,059
85$54,033,400$20,787,099$15,534,001$35,294,327
86$59,492,151$21,753,011$16,001,734$38,160,240
87$65,506,035$22,764,594$16,483,477$41,290,245
88$72,131,626$23,824,033$16,979,648$44,710,133
89$79,431,261$24,933,621$17,490,676$48,448,276
90$87,473,639$26,095,757$18,017,003$52,535,890
91$96,334,462$27,312,961$18,559,085$57,007,323
92$106,097,152$28,587,871$19,117,389$61,900,368
93$116,853,638$29,923,253$19,692,398$67,256,616
94$128,705,225$31,322,009$20,284,609$73,121,840
95$141,763,548$32,787,177$20,894,534$79,546,416
96$156,151,627$34,321,947$21,522,698$86,585,796
97$172,005,029$35,929,658$22,169,644$94,301,014
98$189,473,145$37,613,814$22,835,930$102,759,260
99$208,720,602$39,378,087$23,522,130$112,034,501
100$229,928,817$41,226,327$24,228,835$122,208,170