Can I retire at age 67 with 9,300,000?

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$767,985$761,144$754,470$747,956$741,595$734,462
2 years$380,191$373,110$366,248$359,594$353,141$345,955
3 years$250,943$243,832$236,987$230,396$224,047$217,031
4 years$186,331$179,242$172,466$165,987$159,792$153,001
5 years$147,575$140,528$133,840$127,494$121,471$114,924
6 years$121,745$114,752$108,163$101,958$96,116$89,822
7 years$103,303$96,368$89,884$83,825$78,168$72,129
8 years$89,478$82,605$76,229$70,319$64,848$59,064
9 years$78,730$71,923$65,656$59,896$54,611$49,080
10 years$70,137$63,396$57,240$51,631$46,532$41,250
11 years$63,111$56,438$50,393$44,934$40,019$34,982
12 years$57,261$50,656$44,723$39,414$34,679$29,883
13 years$52,314$45,778$39,957$34,796$30,241$25,680
14 years$48,077$41,611$35,901$30,888$26,509$22,177
15 years$44,409$38,012$32,414$27,547$23,341$19,231
16 years$41,203$34,876$29,388$24,665$20,629$16,734
17 years$38,376$32,119$26,742$22,162$18,291$14,605
18 years$35,867$29,680$24,412$19,972$16,263$12,779
19 years$33,624$27,507$22,348$18,046$14,496$11,206
20 years$31,608$25,561$20,510$16,344$12,948$9,845
21 years$29,786$23,809$18,865$14,834$11,587$8,663
22 years$28,132$22,225$17,387$13,487$10,386$7,634
23 years$26,625$20,786$16,054$12,283$9,323$6,736
24 years$25,245$19,475$14,847$11,203$8,380$5,949
25 years$23,977$18,277$13,752$10,231$7,541$5,260
26 years$22,809$17,177$12,754$9,355$6,792$4,654
27 years$21,729$16,166$11,843$8,563$6,124$4,121
28 years$20,728$15,233$11,010$7,845$5,526$3,651
29 years$19,797$14,370$10,245$7,194$4,990$3,237
30 years$18,931$13,571$9,543$6,603$4,508$2,871
31 years$18,122$12,829$8,897$6,064$4,076$2,548
32 years$17,365$12,139$8,301$5,573$3,687$2,262
33 years$16,655$11,496$7,751$5,125$3,337$2,009
34 years$15,988$10,896$7,242$4,715$3,021$1,784
35 years$15,361$10,334$6,771$4,341$2,736$1,585
36 years$14,771$9,809$6,334$3,998$2,479$1,409
37 years$14,213$9,316$5,928$3,683$2,247$1,253
38 years$13,686$8,854$5,551$3,395$2,037$1,114
39 years$13,187$8,419$5,201$3,130$1,847$990
40 years$12,715$8,010$4,875$2,887$1,676$881
41 years$12,266$7,625$4,571$2,664$1,520$784
42 years$11,840$7,261$4,288$2,458$1,379$697
43 years$11,435$6,919$4,024$2,269$1,252$620
44 years$11,050$6,595$3,777$2,095$1,136$552
45 years$10,682$6,289$3,546$1,935$1,032$491
46 years$10,332$5,999$3,331$1,788$937$437
47 years$9,998$5,725$3,129$1,651$850$389
48 years$9,678$5,466$2,941$1,526$772$346
49 years$9,372$5,219$2,764$1,410$701$308
50 years$9,080$4,986$2,599$1,304$637$274

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $9,300,000, adding $3,955 every year, while hoping to spend $42,636 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: 72/20/8 Blend
66$9,300,000$9,300,000$9,300,000$9,300,000
67$10,252,680$9,759,780$9,615,630$10,977,158
68$11,253,089$10,192,644$9,892,389$11,888,868
69$12,354,110$10,645,291$10,176,990$12,881,081
70$13,565,962$11,118,643$10,469,652$13,966,246
71$14,899,902$11,613,668$10,770,598$15,153,517
72$16,368,336$12,131,382$11,080,057$16,452,968
73$17,984,933$12,672,846$11,398,265$17,875,688
74$19,764,754$13,239,173$11,725,464$19,433,881
75$21,724,395$13,831,529$12,061,904$21,140,980
76$23,882,144$14,451,134$12,407,838$23,011,772
77$26,258,152$15,099,269$12,763,530$25,062,536
78$28,874,624$15,777,274$13,129,249$27,311,195
79$31,756,027$16,486,552$13,505,271$29,777,479
80$34,929,324$17,228,575$13,891,879$32,483,114
81$38,424,224$18,004,884$14,289,366$35,452,019
82$42,273,465$18,817,093$14,698,029$38,710,534
83$46,513,122$19,666,895$15,118,177$42,287,663
84$51,182,949$20,556,061$15,550,125$46,215,347
85$56,326,751$21,486,450$15,994,196$50,528,758
86$61,992,800$22,460,006$16,450,722$55,266,634
87$68,234,289$23,478,770$16,920,044$60,471,636
88$75,109,834$24,544,877$17,402,513$66,190,749
89$82,684,027$25,660,566$17,898,487$72,475,724
90$91,028,047$26,828,183$18,408,335$79,383,559
91$100,220,330$28,050,186$18,932,437$86,977,036
92$110,347,309$29,329,151$19,471,179$95,325,307
93$121,504,233$30,667,777$20,024,962$104,504,545
94$133,796,060$32,068,893$20,594,193$114,598,657
95$147,338,452$33,535,463$21,179,293$125,700,071
96$162,258,867$35,070,594$21,780,692$137,910,603
97$178,697,760$36,677,541$22,398,833$151,342,415
98$196,809,906$38,359,715$23,034,169$166,119,068
99$216,765,868$40,120,693$23,687,166$182,376,681
100$238,753,601$41,964,222$24,358,300$200,265,211