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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.6%
1 years$759,727$752,960$746,358$739,913$733,621$716,759
2 years$376,103$369,098$362,310$355,728$349,343$332,449
3 years$248,244$241,210$234,438$227,918$221,638$205,238
4 years$184,328$177,315$170,611$164,202$158,074$142,295
5 years$145,988$139,017$132,401$126,123$120,165$105,051
6 years$120,436$113,518$107,000$100,862$95,083$80,650
7 years$102,192$95,332$88,917$82,924$77,328$63,578
8 years$88,516$81,717$75,409$69,563$64,151$51,079
9 years$77,884$71,149$64,950$59,252$54,024$41,620
10 years$69,383$62,715$56,625$51,076$46,031$34,282
11 years$62,433$55,831$49,851$44,451$39,588$28,477
12 years$56,645$50,111$44,242$38,990$34,307$23,816
13 years$51,751$45,286$39,527$34,422$29,916$20,026
14 years$47,560$41,164$35,515$30,556$26,224$16,915
15 years$43,932$37,604$32,066$27,251$23,090$14,339
16 years$40,759$34,501$29,072$24,400$20,407$12,193
17 years$37,963$31,774$26,455$21,923$18,094$10,395
18 years$35,481$29,360$24,150$19,757$16,088$8,881
19 years$33,262$27,211$22,108$17,852$14,340$7,601
20 years$31,268$25,286$20,289$16,169$12,809$6,515
21 years$29,466$23,553$18,662$14,674$11,462$5,592
22 years$27,830$21,986$17,200$13,342$10,274$4,805
23 years$26,338$20,563$15,881$12,151$9,223$4,133
24 years$24,973$19,266$14,688$11,082$8,290$3,557
25 years$23,719$18,080$13,604$10,121$7,460$3,064
26 years$22,563$16,992$12,617$9,254$6,719$2,641
27 years$21,495$15,992$11,716$8,471$6,058$2,277
28 years$20,505$15,069$10,891$7,761$5,466$1,964
29 years$19,585$14,216$10,135$7,117$4,936$1,695
30 years$18,727$13,425$9,441$6,532$4,460$1,464
31 years$17,927$12,691$8,801$5,999$4,032$1,264
32 years$17,178$12,009$8,212$5,513$3,647$1,092
33 years$16,476$11,372$7,667$5,070$3,301$943
34 years$15,817$10,778$7,164$4,664$2,989$815
35 years$15,196$10,223$6,698$4,294$2,707$704
36 years$14,612$9,703$6,266$3,955$2,453$609
37 years$14,060$9,216$5,864$3,644$2,223$526
38 years$13,539$8,758$5,492$3,358$2,015$455
39 years$13,045$8,328$5,145$3,097$1,827$393
40 years$12,578$7,924$4,823$2,856$1,658$340
41 years$12,134$7,543$4,522$2,635$1,504$294
42 years$11,713$7,183$4,242$2,432$1,365$254
43 years$11,312$6,844$3,980$2,245$1,238$220
44 years$10,931$6,524$3,736$2,073$1,124$190
45 years$10,568$6,221$3,508$1,914$1,020$164
46 years$10,221$5,935$3,295$1,768$927$142
47 years$9,890$5,664$3,096$1,634$841$123
48 years$9,574$5,407$2,909$1,510$764$106
49 years$9,272$5,163$2,734$1,395$694$92
50 years$8,982$4,932$2,571$1,290$630$80

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 $2,993 every year, while hoping to spend $54,028 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: 69/25/6 Blend
66$9,200,000$9,200,000$9,200,000$9,200,000
67$10,141,487$9,653,887$9,511,287$10,832,650
68$11,118,434$10,069,442$9,772,430$11,705,800
69$12,193,218$10,503,549$10,040,510$12,653,665
70$13,375,762$10,957,059$10,315,703$13,689,004
71$14,676,999$11,430,864$10,598,189$14,820,374
72$16,108,975$11,925,898$10,888,150$16,057,192
73$17,684,962$12,443,139$11,185,775$17,409,817
74$19,419,586$12,983,611$11,491,256$18,889,650
75$21,328,960$13,548,384$11,804,790$20,509,239
76$23,430,840$14,138,581$12,126,577$22,282,390
77$25,744,792$14,755,378$12,456,823$24,224,302
78$28,292,373$15,400,003$12,795,738$26,351,704
79$31,097,338$16,073,746$13,143,538$28,683,008
80$34,185,862$16,777,955$13,500,442$31,238,486
81$37,586,788$17,514,044$13,866,676$34,040,454
82$41,331,899$18,283,490$14,242,468$37,113,481
83$45,456,216$19,087,845$14,628,054$40,484,618
84$49,998,330$19,928,729$15,023,673$44,183,649
85$55,000,765$20,807,842$15,429,572$48,243,369
86$60,510,381$21,726,964$15,846,000$52,699,893
87$66,578,812$22,687,958$16,273,214$57,592,987
88$73,262,960$23,692,777$16,711,476$62,966,446
89$80,625,524$24,743,465$17,161,052$68,868,498
90$88,735,596$25,842,163$17,622,216$75,352,259
91$97,669,313$26,991,115$18,095,246$82,476,227
92$107,510,573$28,192,670$18,580,427$90,304,832
93$118,351,830$29,449,290$19,078,051$98,909,036
94$130,294,964$30,763,552$19,588,412$108,367,001
95$143,452,242$32,138,157$20,111,815$118,764,822
96$157,947,378$33,575,935$20,648,569$130,197,329
97$173,916,703$35,079,848$21,198,989$142,768,983
98$191,510,448$36,653,002$21,763,396$156,594,850
99$210,894,164$38,298,649$22,342,120$171,801,686
100$232,250,283$40,020,197$22,935,495$188,529,123