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%13.8%
1 years$734,954$728,407$722,020$715,786$709,698$698,516
2 years$363,838$357,062$350,495$344,128$337,952$326,715
3 years$240,150$233,344$226,794$220,486$214,410$203,469
4 years$178,317$171,533$165,048$158,848$152,919$142,357
5 years$141,228$134,484$128,084$122,010$116,247$106,094
6 years$116,509$109,816$103,511$97,573$91,982$82,251
7 years$98,860$92,223$86,018$80,220$74,806$65,499
8 years$85,629$79,052$72,950$67,294$62,059$53,175
9 years$75,344$68,829$62,832$57,320$52,263$43,797
10 years$67,121$60,670$54,778$49,410$44,530$36,476
11 years$60,397$54,011$48,226$43,002$38,298$30,647
12 years$54,798$48,477$42,799$37,718$33,188$25,930
13 years$50,064$43,809$38,238$33,300$28,940$22,066
14 years$46,010$39,821$34,357$29,560$25,369$18,867
15 years$42,499$36,377$31,020$26,362$22,337$16,194
16 years$39,430$33,376$28,124$23,604$19,741$13,946
17 years$36,726$30,738$25,592$21,208$17,504$12,044
18 years$34,324$28,403$23,362$19,113$15,564$10,425
19 years$32,178$26,324$21,387$17,270$13,872$9,043
20 years$30,248$24,461$19,628$15,642$12,391$7,857
21 years$28,505$22,785$18,054$14,196$11,089$6,836
22 years$26,922$21,269$16,639$12,907$9,939$5,956
23 years$25,479$19,892$15,363$11,755$8,922$5,195
24 years$24,159$18,638$14,209$10,721$8,019$4,535
25 years$22,946$17,490$13,160$9,791$7,216$3,963
26 years$21,828$16,438$12,205$8,952$6,500$3,465
27 years$20,794$15,470$11,334$8,194$5,860$3,032
28 years$19,836$14,578$10,536$7,508$5,288$2,654
29 years$18,946$13,752$9,805$6,885$4,775$2,324
30 years$18,117$12,988$9,133$6,319$4,314$2,036
31 years$17,342$12,278$8,514$5,803$3,901$1,785
32 years$16,618$11,617$7,944$5,333$3,528$1,565
33 years$15,939$11,002$7,417$4,904$3,193$1,372
34 years$15,301$10,427$6,930$4,512$2,891$1,204
35 years$14,701$9,890$6,479$4,154$2,619$1,056
36 years$14,135$9,387$6,061$3,826$2,373$927
37 years$13,602$8,915$5,673$3,525$2,150$814
38 years$13,097$8,473$5,313$3,249$1,949$714
39 years$12,620$8,057$4,977$2,996$1,768$627
40 years$12,168$7,665$4,665$2,763$1,604$551
41 years$11,739$7,297$4,375$2,549$1,455$483
42 years$11,331$6,949$4,104$2,353$1,320$425
43 years$10,943$6,621$3,851$2,172$1,198$373
44 years$10,574$6,311$3,614$2,005$1,087$328
45 years$10,223$6,018$3,394$1,852$987$288
46 years$9,888$5,741$3,188$1,711$896$253
47 years$9,568$5,479$2,995$1,580$814$222
48 years$9,262$5,230$2,814$1,460$739$195
49 years$8,969$4,995$2,645$1,350$671$171
50 years$8,690$4,771$2,487$1,248$610$151

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 $5,350 every year, while hoping to spend $41,706 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: 73/16/11 Blend
66$8,900,000$8,900,000$8,900,000$8,900,000
67$9,813,319$9,341,619$9,203,669$10,508,164
68$10,769,902$9,754,983$9,467,617$11,381,373
69$11,822,660$10,187,204$9,739,009$12,331,792
70$12,981,356$10,639,163$10,018,051$13,371,621
71$14,256,753$11,111,780$10,304,954$14,509,695
72$15,660,706$11,606,022$10,599,934$15,755,739
73$17,206,279$12,122,898$10,903,214$17,120,458
74$18,907,869$12,663,470$11,215,021$18,615,637
75$20,781,338$13,228,846$11,535,590$20,254,249
76$22,844,163$13,820,188$11,865,161$22,050,577
77$25,115,605$14,438,715$12,203,982$24,020,348
78$27,616,887$15,085,701$12,552,305$26,180,877
79$30,371,393$15,762,484$12,910,391$28,551,231
80$33,404,893$16,470,464$13,278,506$31,152,405
81$36,745,781$17,211,106$13,656,926$34,007,521
82$40,425,348$17,985,948$14,045,930$37,142,039
83$44,478,073$18,796,599$14,445,808$40,584,000
84$48,941,951$19,644,746$14,856,857$44,364,285
85$53,858,848$20,532,156$15,279,380$48,516,907
86$59,274,900$21,460,682$15,713,689$53,079,326
87$65,240,947$22,432,262$16,160,104$58,092,803
88$71,813,011$23,448,930$16,618,955$63,602,784
89$79,052,826$24,512,816$17,090,578$69,659,328
90$87,028,421$25,626,151$17,575,319$76,317,576
91$95,814,761$26,791,274$18,073,534$83,638,266
92$105,494,456$28,010,635$18,585,586$91,688,309
93$116,158,537$29,286,802$19,111,849$100,541,409
94$127,907,319$30,622,467$19,652,708$110,278,760
95$140,851,346$32,020,448$20,208,554$120,989,810
96$155,112,434$33,483,702$20,779,792$132,773,097
97$170,824,822$35,015,323$21,366,835$145,737,176
98$188,136,438$36,618,558$21,970,108$160,001,644
99$207,210,295$38,296,807$22,590,046$175,698,259
100$228,226,029$40,053,635$23,227,097$192,972,180