Can I retire at age 67 with 9,000,000?

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 $9,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$743,212$736,591$730,133$723,828$717,673$704,046
2 years$367,927$361,074$354,433$347,994$341,749$328,074
3 years$242,848$235,966$229,342$222,963$216,820$203,522
4 years$180,321$173,460$166,902$160,633$154,638$141,820
5 years$142,814$135,995$129,523$123,381$117,553$105,252
6 years$117,818$111,050$104,674$98,669$93,016$81,244
7 years$99,971$93,260$86,984$81,121$75,647$64,408
8 years$86,591$79,941$73,770$68,051$62,756$52,048
9 years$76,191$69,603$63,538$57,964$52,850$42,665
10 years$67,875$61,351$55,394$49,966$45,031$35,359
11 years$61,076$54,618$48,768$43,485$38,728$29,559
12 years$55,414$49,022$43,280$38,142$33,561$24,882
13 years$50,626$44,301$38,668$33,674$29,266$21,062
14 years$46,527$40,269$34,743$29,892$25,654$17,911
15 years$42,977$36,786$31,369$26,658$22,588$15,290
16 years$39,873$33,751$28,440$23,870$19,963$13,094
17 years$37,138$31,083$25,879$21,447$17,701$11,243
18 years$34,710$28,722$23,625$19,328$15,739$9,676
19 years$32,539$26,619$21,627$17,464$14,028$8,343
20 years$30,588$24,736$19,848$15,817$12,530$7,206
21 years$28,825$23,041$18,257$14,355$11,213$6,232
22 years$27,225$21,508$16,826$13,052$10,051$5,397
23 years$25,766$20,116$15,536$11,887$9,022$4,678
24 years$24,430$18,847$14,368$10,841$8,110$4,058
25 years$23,203$17,687$13,308$9,901$7,297$3,524
26 years$22,073$16,623$12,342$9,053$6,573$3,061
27 years$21,028$15,644$11,461$8,286$5,926$2,661
28 years$20,059$14,741$10,654$7,592$5,347$2,314
29 years$19,159$13,907$9,915$6,962$4,829$2,014
30 years$18,320$13,133$9,235$6,390$4,363$1,753
31 years$17,537$12,416$8,610$5,868$3,944$1,526
32 years$16,804$11,748$8,033$5,393$3,568$1,329
33 years$16,118$11,125$7,501$4,959$3,229$1,158
34 years$15,473$10,544$7,008$4,563$2,924$1,009
35 years$14,866$10,001$6,552$4,201$2,648$879
36 years$14,294$9,492$6,129$3,869$2,399$767
37 years$13,754$9,016$5,737$3,564$2,175$668
38 years$13,244$8,568$5,372$3,285$1,971$583
39 years$12,762$8,147$5,033$3,029$1,788$508
40 years$12,304$7,752$4,718$2,794$1,622$443
41 years$11,870$7,379$4,424$2,578$1,471$386
42 years$11,458$7,027$4,150$2,379$1,335$337
43 years$11,066$6,696$3,894$2,196$1,211$294
44 years$10,693$6,382$3,655$2,028$1,100$256
45 years$10,338$6,086$3,432$1,873$998$224
46 years$9,999$5,806$3,223$1,730$906$195
47 years$9,675$5,541$3,028$1,598$823$170
48 years$9,366$5,289$2,846$1,477$747$148
49 years$9,070$5,051$2,675$1,365$679$130
50 years$8,787$4,825$2,515$1,262$617$113

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $9,000,000, adding $2,747 every year, while hoping to spend $28,650 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: 84/6/10 Blend
66$9,000,000$9,000,000$9,000,000$9,000,000
67$9,920,834$9,443,834$9,304,334$10,739,254
68$10,902,275$9,876,098$9,585,545$11,707,089
69$11,982,864$10,328,583$9,875,217$12,765,874
70$13,172,682$10,802,250$10,173,603$13,928,006
71$14,482,839$11,298,104$10,480,963$15,203,862
72$15,925,579$11,817,202$10,797,566$16,604,867
73$17,514,392$12,360,648$11,123,688$18,143,608
74$19,264,142$12,929,602$11,459,613$19,833,948
75$21,191,210$13,525,278$11,805,636$21,691,156
76$23,313,646$14,148,949$12,162,057$23,732,052
77$25,651,339$14,801,949$12,529,187$25,975,164
78$28,226,208$15,485,677$12,907,348$28,440,902
79$31,062,404$16,201,598$13,296,867$31,151,750
80$34,186,542$16,951,248$13,698,084$34,132,474
81$37,627,948$17,736,239$14,111,349$37,410,362
82$41,418,941$18,558,257$14,537,021$41,015,471
83$45,595,133$19,419,071$14,975,471$44,980,918
84$50,195,767$20,320,536$15,427,081$49,343,186
85$55,264,089$21,264,596$15,892,241$54,142,469
86$60,847,753$22,253,288$16,371,358$59,423,049
87$66,999,273$23,288,748$16,864,847$65,233,716
88$73,776,516$24,373,214$17,373,137$71,628,222
89$81,243,253$25,509,034$17,896,670$78,665,791
90$89,469,755$26,698,667$18,435,898$86,411,674
91$98,533,461$27,944,692$18,991,292$94,937,764
92$108,519,705$29,249,813$19,563,331$104,323,276
93$119,522,525$30,616,864$20,152,512$114,655,486
94$131,645,547$32,048,815$20,759,346$126,030,560
95$145,002,967$33,548,781$21,384,359$138,554,457
96$159,720,625$35,120,027$22,028,090$152,343,927
97$175,937,196$36,765,976$22,691,099$167,527,611
98$193,805,497$38,490,216$23,373,958$184,247,254
99$213,493,930$40,296,508$24,077,257$202,659,041
100$235,188,072$42,188,798$24,801,606$222,935,067