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%19.5%
1 years$734,954$728,407$722,020$715,786$709,698$682,619
2 years$363,838$357,062$350,495$344,128$337,952$310,988
3 years$240,150$233,344$226,794$220,486$214,410$188,411
4 years$178,317$171,533$165,048$158,848$152,919$128,083
5 years$141,228$134,484$128,084$122,010$116,247$92,637
6 years$116,509$109,816$103,511$97,573$91,982$69,615
7 years$98,860$92,223$86,018$80,220$74,806$53,674
8 years$85,629$79,052$72,950$67,294$62,059$42,143
9 years$75,344$68,829$62,832$57,320$52,263$33,534
10 years$67,121$60,670$54,778$49,410$44,530$26,953
11 years$60,397$54,011$48,226$43,002$38,298$21,834
12 years$54,798$48,477$42,799$37,718$33,188$17,795
13 years$50,064$43,809$38,238$33,300$28,940$14,573
14 years$46,010$39,821$34,357$29,560$25,369$11,981
15 years$42,499$36,377$31,020$26,362$22,337$9,881
16 years$39,430$33,376$28,124$23,604$19,741$8,169
17 years$36,726$30,738$25,592$21,208$17,504$6,769
18 years$34,324$28,403$23,362$19,113$15,564$5,617
19 years$32,178$26,324$21,387$17,270$13,872$4,669
20 years$30,248$24,461$19,628$15,642$12,391$3,885
21 years$28,505$22,785$18,054$14,196$11,089$3,235
22 years$26,922$21,269$16,639$12,907$9,939$2,697
23 years$25,479$19,892$15,363$11,755$8,922$2,249
24 years$24,159$18,638$14,209$10,721$8,019$1,877
25 years$22,946$17,490$13,160$9,791$7,216$1,567
26 years$21,828$16,438$12,205$8,952$6,500$1,309
27 years$20,794$15,470$11,334$8,194$5,860$1,094
28 years$19,836$14,578$10,536$7,508$5,288$914
29 years$18,946$13,752$9,805$6,885$4,775$764
30 years$18,117$12,988$9,133$6,319$4,314$639
31 years$17,342$12,278$8,514$5,803$3,901$534
32 years$16,618$11,617$7,944$5,333$3,528$447
33 years$15,939$11,002$7,417$4,904$3,193$373
34 years$15,301$10,427$6,930$4,512$2,891$312
35 years$14,701$9,890$6,479$4,154$2,619$261
36 years$14,135$9,387$6,061$3,826$2,373$219
37 years$13,602$8,915$5,673$3,525$2,150$183
38 years$13,097$8,473$5,313$3,249$1,949$153
39 years$12,620$8,057$4,977$2,996$1,768$128
40 years$12,168$7,665$4,665$2,763$1,604$107
41 years$11,739$7,297$4,375$2,549$1,455$90
42 years$11,331$6,949$4,104$2,353$1,320$75
43 years$10,943$6,621$3,851$2,172$1,198$63
44 years$10,574$6,311$3,614$2,005$1,087$53
45 years$10,223$6,018$3,394$1,852$987$44
46 years$9,888$5,741$3,188$1,711$896$37
47 years$9,568$5,479$2,995$1,580$814$31
48 years$9,262$5,230$2,814$1,460$739$26
49 years$8,969$4,995$2,645$1,350$671$22
50 years$8,690$4,771$2,487$1,248$610$18

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 $4,991 every year, while hoping to spend $32,792 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: 45/37/18 Blend
66$8,900,000$8,900,000$8,900,000$8,900,000
67$9,812,948$9,341,248$9,203,298$10,203,589
68$10,778,979$9,764,079$9,476,718$10,900,426
69$11,842,445$10,206,529$9,758,199$11,651,968
70$13,013,251$10,669,526$10,047,975$12,466,260
71$14,302,310$11,154,040$10,346,290$13,349,136
72$15,721,647$11,661,090$10,653,392$14,307,001
73$17,284,512$12,191,740$10,969,538$15,346,887
74$19,005,506$12,747,109$11,294,991$16,476,517
75$20,900,717$13,328,367$11,630,023$17,704,375
76$22,987,875$13,936,741$11,974,913$19,039,780
77$25,286,514$14,573,517$12,329,948$20,492,973
78$27,818,161$15,240,043$12,695,424$22,075,207
79$30,606,538$15,937,729$13,071,645$23,798,849
80$33,677,783$16,668,056$13,458,923$25,677,495
81$37,060,700$17,432,574$13,857,581$27,726,090
82$40,787,030$18,232,909$14,267,949$29,961,067
83$44,891,750$19,070,764$14,690,367$32,400,496
84$49,413,400$19,947,924$15,125,187$35,064,246
85$54,394,454$20,866,259$15,572,768$37,974,174
86$59,881,713$21,827,730$16,033,480$41,154,319
87$65,926,752$22,834,393$16,507,706$44,631,125
88$72,586,404$23,888,401$16,995,837$48,433,684
89$79,923,296$24,992,013$17,498,277$52,594,005
90$88,006,444$26,147,592$18,015,441$57,147,309
91$96,911,898$27,357,621$18,547,755$62,132,351
92$106,723,466$28,624,699$19,095,659$67,591,782
93$117,533,500$29,951,550$19,659,604$73,572,541
94$129,443,771$31,341,030$20,240,054$80,126,292
95$142,566,428$32,796,133$20,837,489$87,309,900
96$157,025,057$34,319,996$21,452,398$95,185,961
97$172,955,847$35,915,910$22,085,287$103,823,382
98$190,508,876$37,587,323$22,736,677$113,298,021
99$209,849,527$39,337,847$23,407,102$123,693,396
100$231,160,050$41,171,273$24,097,111$135,101,455