Can I retire at age 67 with 8,900,000?

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 $8,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$734,954$728,407$722,020$715,786$709,698$695,654
2 years$363,838$357,062$350,495$344,128$337,952$323,861
3 years$240,150$233,344$226,794$220,486$214,410$200,714
4 years$178,317$171,533$165,048$158,848$152,919$139,722
5 years$141,228$134,484$128,084$122,010$116,247$103,586
6 years$116,509$109,816$103,511$97,573$91,982$79,872
7 years$98,860$92,223$86,018$80,220$74,806$63,249
8 years$85,629$79,052$72,950$67,294$62,059$51,052
9 years$75,344$68,829$62,832$57,320$52,263$41,798
10 years$67,121$60,670$54,778$49,410$44,530$34,599
11 years$60,397$54,011$48,226$43,002$38,298$28,887
12 years$54,798$48,477$42,799$37,718$33,188$24,284
13 years$50,064$43,809$38,238$33,300$28,940$20,529
14 years$46,010$39,821$34,357$29,560$25,369$17,434
15 years$42,499$36,377$31,020$26,362$22,337$14,862
16 years$39,430$33,376$28,124$23,604$19,741$12,710
17 years$36,726$30,738$25,592$21,208$17,504$10,898
18 years$34,324$28,403$23,362$19,113$15,564$9,365
19 years$32,178$26,324$21,387$17,270$13,872$8,063
20 years$30,248$24,461$19,628$15,642$12,391$6,953
21 years$28,505$22,785$18,054$14,196$11,089$6,005
22 years$26,922$21,269$16,639$12,907$9,939$5,192
23 years$25,479$19,892$15,363$11,755$8,922$4,493
24 years$24,159$18,638$14,209$10,721$8,019$3,892
25 years$22,946$17,490$13,160$9,791$7,216$3,374
26 years$21,828$16,438$12,205$8,952$6,500$2,926
27 years$20,794$15,470$11,334$8,194$5,860$2,540
28 years$19,836$14,578$10,536$7,508$5,288$2,205
29 years$18,946$13,752$9,805$6,885$4,775$1,916
30 years$18,117$12,988$9,133$6,319$4,314$1,665
31 years$17,342$12,278$8,514$5,803$3,901$1,447
32 years$16,618$11,617$7,944$5,333$3,528$1,258
33 years$15,939$11,002$7,417$4,904$3,193$1,094
34 years$15,301$10,427$6,930$4,512$2,891$952
35 years$14,701$9,890$6,479$4,154$2,619$828
36 years$14,135$9,387$6,061$3,826$2,373$721
37 years$13,602$8,915$5,673$3,525$2,150$627
38 years$13,097$8,473$5,313$3,249$1,949$546
39 years$12,620$8,057$4,977$2,996$1,768$475
40 years$12,168$7,665$4,665$2,763$1,604$414
41 years$11,739$7,297$4,375$2,549$1,455$360
42 years$11,331$6,949$4,104$2,353$1,320$314
43 years$10,943$6,621$3,851$2,172$1,198$273
44 years$10,574$6,311$3,614$2,005$1,087$238
45 years$10,223$6,018$3,394$1,852$987$207
46 years$9,888$5,741$3,188$1,711$896$180
47 years$9,568$5,479$2,995$1,580$814$157
48 years$9,262$5,230$2,814$1,460$739$137
49 years$8,969$4,995$2,645$1,350$671$119
50 years$8,690$4,771$2,487$1,248$610$104

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $8,900,000, adding $2,613 every year, while hoping to spend $34,638 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: 76/17/7 Blend
66$8,900,000$8,900,000$8,900,000$8,900,000
67$9,810,495$9,338,795$9,200,845$10,547,271
68$10,774,311$9,759,542$9,472,219$11,452,638
69$11,835,276$10,199,744$9,751,523$12,440,027
70$13,003,261$10,660,318$10,038,986$13,521,274
71$14,289,145$11,142,226$10,334,844$14,705,679
72$15,704,916$11,646,472$10,639,339$16,003,479
73$17,263,780$12,174,113$10,952,720$17,425,941
74$18,980,294$12,726,252$11,275,244$18,985,471
75$20,870,493$13,304,048$11,607,174$20,695,726
76$22,952,051$13,908,714$11,948,782$22,571,743
77$25,244,439$14,541,520$12,300,345$24,630,077
78$27,769,116$15,203,799$12,662,151$26,888,959
79$30,549,728$15,896,946$13,034,494$29,368,463
80$33,612,328$16,622,425$13,417,679$32,090,692
81$36,985,630$17,381,768$13,812,015$35,079,990
82$40,701,271$18,176,582$14,217,824$38,363,164
83$44,794,115$19,008,549$14,635,436$41,969,738
84$49,302,581$19,879,434$15,065,189$45,932,227
85$54,269,004$20,791,085$15,507,432$50,286,442
86$59,740,034$21,745,441$15,962,524$55,071,827
87$65,767,081$22,744,531$16,430,832$60,331,826
88$72,406,794$23,790,484$16,912,735$66,114,291
89$79,721,599$24,885,529$17,408,624$72,471,932
90$87,780,288$26,032,006$17,918,898$79,462,808
91$96,658,666$27,232,363$18,443,970$87,150,876
92$106,440,269$28,489,168$18,984,262$95,606,586
93$117,217,153$29,805,113$19,540,211$104,907,550
94$129,090,757$31,183,018$20,112,263$115,139,260
95$142,172,869$32,625,841$20,700,878$126,395,902
96$156,586,674$34,136,680$21,306,530$138,781,232
97$172,467,921$35,718,783$21,929,705$152,409,558
98$189,966,201$37,375,556$22,570,903$167,406,810
99$209,246,363$39,110,567$23,230,637$183,911,723
100$230,490,064$40,927,557$23,909,436$202,077,147