Can I retire at age 67 with 9,200,000?

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 $9,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$759,727$752,960$746,358$739,913$733,621$717,051
2 years$376,103$369,098$362,310$355,728$349,343$332,738
3 years$248,244$241,210$234,438$227,918$221,638$205,516
4 years$184,328$177,315$170,611$164,202$158,074$142,560
5 years$145,988$139,017$132,401$126,123$120,165$105,302
6 years$120,436$113,518$107,000$100,862$95,083$80,886
7 years$102,192$95,332$88,917$82,924$77,328$63,800
8 years$88,516$81,717$75,409$69,563$64,151$51,287
9 years$77,884$71,149$64,950$59,252$54,024$41,815
10 years$69,383$62,715$56,625$51,076$46,031$34,464
11 years$62,433$55,831$49,851$44,451$39,588$28,647
12 years$56,645$50,111$44,242$38,990$34,307$23,973
13 years$51,751$45,286$39,527$34,422$29,916$20,172
14 years$47,560$41,164$35,515$30,556$26,224$17,050
15 years$43,932$37,604$32,066$27,251$23,090$14,464
16 years$40,759$34,501$29,072$24,400$20,407$12,308
17 years$37,963$31,774$26,455$21,923$18,094$10,500
18 years$35,481$29,360$24,150$19,757$16,088$8,977
19 years$33,262$27,211$22,108$17,852$14,340$7,689
20 years$31,268$25,286$20,289$16,169$12,809$6,596
21 years$29,466$23,553$18,662$14,674$11,462$5,666
22 years$27,830$21,986$17,200$13,342$10,274$4,872
23 years$26,338$20,563$15,881$12,151$9,223$4,194
24 years$24,973$19,266$14,688$11,082$8,290$3,612
25 years$23,719$18,080$13,604$10,121$7,460$3,114
26 years$22,563$16,992$12,617$9,254$6,719$2,686
27 years$21,495$15,992$11,716$8,471$6,058$2,318
28 years$20,505$15,069$10,891$7,761$5,466$2,001
29 years$19,585$14,216$10,135$7,117$4,936$1,729
30 years$18,727$13,425$9,441$6,532$4,460$1,494
31 years$17,927$12,691$8,801$5,999$4,032$1,291
32 years$17,178$12,009$8,212$5,513$3,647$1,116
33 years$16,476$11,372$7,667$5,070$3,301$965
34 years$15,817$10,778$7,164$4,664$2,989$834
35 years$15,196$10,223$6,698$4,294$2,707$722
36 years$14,612$9,703$6,266$3,955$2,453$624
37 years$14,060$9,216$5,864$3,644$2,223$540
38 years$13,539$8,758$5,492$3,358$2,015$467
39 years$13,045$8,328$5,145$3,097$1,827$404
40 years$12,578$7,924$4,823$2,856$1,658$350
41 years$12,134$7,543$4,522$2,635$1,504$303
42 years$11,713$7,183$4,242$2,432$1,365$262
43 years$11,312$6,844$3,980$2,245$1,238$227
44 years$10,931$6,524$3,736$2,073$1,124$196
45 years$10,568$6,221$3,508$1,914$1,020$170
46 years$10,221$5,935$3,295$1,768$927$147
47 years$9,890$5,664$3,096$1,634$841$127
48 years$9,574$5,407$2,909$1,510$764$110
49 years$9,272$5,163$2,734$1,395$694$95
50 years$8,982$4,932$2,571$1,290$630$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $9,200,000, adding $5,969 every year, while hoping to spend $31,957 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: 71/6/23 Blend
66$9,200,000$9,200,000$9,200,000$9,200,000
67$10,144,557$9,656,957$9,514,357$10,806,212
68$11,145,300$10,096,146$9,799,086$11,687,873
69$12,247,047$10,555,784$10,092,282$12,648,615
70$13,460,068$11,036,840$10,394,196$13,699,843
71$14,795,678$11,540,327$10,705,084$14,850,534
72$16,266,344$12,067,310$11,025,211$16,110,575
73$17,885,806$12,618,903$11,354,850$17,490,849
74$19,669,202$13,196,273$11,694,282$19,003,341
75$21,633,214$13,800,644$12,043,794$20,661,251
76$23,796,224$14,433,299$12,403,684$22,479,111
77$26,178,490$15,095,580$12,774,257$24,472,928
78$28,802,330$15,788,898$13,155,829$26,660,330
79$31,692,341$16,514,728$13,548,723$29,060,731
80$34,875,627$17,274,617$13,953,273$31,695,513
81$38,382,055$18,070,186$14,369,821$34,588,230
82$42,244,534$18,903,136$14,798,720$37,764,822
83$46,499,334$19,775,246$15,240,334$41,253,864
84$51,186,417$20,688,385$15,695,037$45,086,831
85$56,349,824$21,644,508$16,163,213$49,298,396
86$62,038,084$22,645,666$16,645,258$53,926,753
87$68,304,674$23,694,010$17,141,580$59,013,975
88$75,208,526$24,791,791$17,652,598$64,606,413
89$82,814,579$25,941,372$18,178,743$70,755,128
90$91,194,395$27,145,229$18,720,460$77,516,374
91$100,426,833$28,405,955$19,278,205$84,952,123
92$110,598,794$29,726,271$19,852,449$93,130,652
93$121,806,041$31,109,028$20,443,676$102,127,181
94$134,154,101$32,557,214$21,052,383$112,024,585
95$147,759,264$34,073,962$21,679,083$122,914,170
96$162,749,680$35,662,557$22,324,303$134,896,535
97$179,266,565$37,326,441$22,988,585$148,082,517
98$197,465,540$39,069,221$23,672,488$162,594,235
99$217,518,095$40,894,683$24,376,586$178,566,242
100$239,613,209$42,806,790$25,101,470$196,146,791