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%14.4%
1 years$734,954$728,407$722,020$715,786$709,698$696,795
2 years$363,838$357,062$350,495$344,128$337,952$324,998
3 years$240,150$233,344$226,794$220,486$214,410$201,810
4 years$178,317$171,533$165,048$158,848$152,919$140,769
5 years$141,228$134,484$128,084$122,010$116,247$104,581
6 years$116,509$109,816$103,511$97,573$91,982$80,815
7 years$98,860$92,223$86,018$80,220$74,806$64,139
8 years$85,629$79,052$72,950$67,294$62,059$51,891
9 years$75,344$68,829$62,832$57,320$52,263$42,587
10 years$67,121$60,670$54,778$49,410$44,530$35,338
11 years$60,397$54,011$48,226$43,002$38,298$29,579
12 years$54,798$48,477$42,799$37,718$33,188$24,931
13 years$50,064$43,809$38,238$33,300$28,940$21,132
14 years$46,010$39,821$34,357$29,560$25,369$17,995
15 years$42,499$36,377$31,020$26,362$22,337$15,382
16 years$39,430$33,376$28,124$23,604$19,741$13,191
17 years$36,726$30,738$25,592$21,208$17,504$11,343
18 years$34,324$28,403$23,362$19,113$15,564$9,776
19 years$32,178$26,324$21,387$17,270$13,872$8,442
20 years$30,248$24,461$19,628$15,642$12,391$7,302
21 years$28,505$22,785$18,054$14,196$11,089$6,325
22 years$26,922$21,269$16,639$12,907$9,939$5,485
23 years$25,479$19,892$15,363$11,755$8,922$4,762
24 years$24,159$18,638$14,209$10,721$8,019$4,138
25 years$22,946$17,490$13,160$9,791$7,216$3,598
26 years$21,828$16,438$12,205$8,952$6,500$3,131
27 years$20,794$15,470$11,334$8,194$5,860$2,727
28 years$19,836$14,578$10,536$7,508$5,288$2,375
29 years$18,946$13,752$9,805$6,885$4,775$2,070
30 years$18,117$12,988$9,133$6,319$4,314$1,805
31 years$17,342$12,278$8,514$5,803$3,901$1,574
32 years$16,618$11,617$7,944$5,333$3,528$1,373
33 years$15,939$11,002$7,417$4,904$3,193$1,198
34 years$15,301$10,427$6,930$4,512$2,891$1,046
35 years$14,701$9,890$6,479$4,154$2,619$913
36 years$14,135$9,387$6,061$3,826$2,373$797
37 years$13,602$8,915$5,673$3,525$2,150$696
38 years$13,097$8,473$5,313$3,249$1,949$608
39 years$12,620$8,057$4,977$2,996$1,768$531
40 years$12,168$7,665$4,665$2,763$1,604$464
41 years$11,739$7,297$4,375$2,549$1,455$405
42 years$11,331$6,949$4,104$2,353$1,320$354
43 years$10,943$6,621$3,851$2,172$1,198$309
44 years$10,574$6,311$3,614$2,005$1,087$270
45 years$10,223$6,018$3,394$1,852$987$236
46 years$9,888$5,741$3,188$1,711$896$206
47 years$9,568$5,479$2,995$1,580$814$180
48 years$9,262$5,230$2,814$1,460$739$158
49 years$8,969$4,995$2,645$1,350$671$138
50 years$8,690$4,771$2,487$1,248$610$120

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 $4,234 every year, while hoping to spend $59,907 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: 57/30/13 Blend
66$8,900,000$8,900,000$8,900,000$8,900,000
67$9,812,167$9,340,467$9,202,517$10,338,927
68$10,749,268$9,734,410$9,447,061$11,089,644
69$11,779,945$10,145,647$9,697,789$11,900,312
70$12,913,680$10,574,965$9,954,846$12,782,259
71$14,160,919$11,023,182$10,218,377$13,742,325
72$15,533,174$11,491,159$10,488,533$14,788,032
73$17,043,125$11,979,793$10,765,467$15,927,649
74$18,704,746$12,490,026$11,049,333$17,170,270
75$20,533,435$13,022,841$11,340,290$18,525,898
76$22,546,155$13,579,270$11,638,500$20,005,535
77$24,761,600$14,160,391$11,944,126$21,621,284
78$27,200,365$14,767,333$12,257,336$23,386,461
79$29,885,147$15,401,276$12,578,302$25,315,716
80$32,840,952$16,063,459$12,907,195$27,425,171
81$36,095,336$16,755,176$13,244,193$29,732,566
82$39,678,663$17,477,782$13,589,476$32,257,423
83$43,624,389$18,232,696$13,943,226$35,021,230
84$47,969,382$19,021,403$14,305,629$38,047,638
85$52,754,267$19,845,460$14,676,876$41,362,679
86$58,023,808$20,706,493$15,057,157$44,995,011
87$63,827,333$21,606,208$15,446,669$48,976,182
88$70,219,199$22,546,390$15,845,610$53,340,923
89$77,259,301$23,528,907$16,254,182$58,127,472
90$85,013,643$24,555,717$16,672,590$63,377,934
91$93,554,955$25,628,867$17,101,042$69,138,666
92$102,963,383$26,750,505$17,539,750$75,460,715
93$113,327,245$27,922,876$17,988,928$82,400,291
94$124,743,861$29,148,334$18,448,794$90,019,298
95$137,320,475$30,429,342$18,919,569$98,385,903
96$151,175,264$31,768,481$19,401,475$107,575,183
97$166,438,457$33,168,453$19,894,741$117,669,818
98$183,253,561$34,632,088$20,399,596$128,760,874
99$201,778,714$36,162,350$20,916,272$140,948,648
100$222,188,181$37,762,344$21,445,006$154,343,612