Can I retire at age 67 with 9,500,000?

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$784,501$777,513$770,696$764,041$757,543$745,915
2 years$388,367$381,134$374,124$367,327$360,735$349,048
3 years$256,339$249,075$242,083$235,350$228,865$217,483
4 years$190,339$183,097$176,174$169,557$163,228$152,238
5 years$150,748$143,550$136,719$130,236$124,084$113,518
6 years$124,364$117,219$110,489$104,151$98,183$88,054
7 years$105,525$98,441$91,817$85,628$79,849$70,160
8 years$91,402$84,382$77,868$71,831$66,243$56,991
9 years$80,423$73,470$67,068$61,184$55,786$46,968
10 years$71,646$64,760$58,471$52,741$47,532$39,141
11 years$64,469$57,652$51,477$45,901$40,879$32,906
12 years$58,492$51,745$45,685$40,261$35,425$27,860
13 years$53,439$46,763$40,816$35,545$30,891$23,724
14 years$49,111$42,506$36,673$31,552$27,079$20,298
15 years$45,364$38,830$33,111$28,139$23,843$17,435
16 years$42,089$35,626$30,020$25,196$21,072$15,025
17 years$39,201$32,810$27,317$22,638$18,684$12,985
18 years$36,638$30,318$24,937$20,401$16,613$11,248
19 years$34,347$28,098$22,829$18,434$14,808$9,763
20 years$32,287$26,110$20,951$16,696$13,226$8,489
21 years$30,427$24,321$19,271$15,153$11,836$7,392
22 years$28,737$22,702$17,761$13,777$10,609$6,445
23 years$27,197$21,233$16,399$12,547$9,524$5,626
24 years$25,787$19,894$15,167$11,444$8,560$4,915
25 years$24,492$18,670$14,047$10,451$7,703$4,298
26 years$23,299$17,546$13,028$9,556$6,938$3,761
27 years$22,196$16,513$12,098$8,747$6,256$3,293
28 years$21,173$15,560$11,246$8,014$5,644$2,885
29 years$20,223$14,679$10,466$7,349$5,097$2,529
30 years$19,338$13,863$9,748$6,745$4,605$2,218
31 years$18,511$13,105$9,088$6,194$4,164$1,945
32 years$17,738$12,400$8,479$5,693$3,766$1,707
33 years$17,013$11,743$7,917$5,235$3,408$1,498
34 years$16,332$11,130$7,397$4,817$3,086$1,316
35 years$15,692$10,557$6,916$4,434$2,795$1,155
36 years$15,088$10,020$6,470$4,084$2,533$1,015
37 years$14,519$9,516$6,056$3,762$2,295$891
38 years$13,980$9,044$5,671$3,468$2,081$783
39 years$13,471$8,600$5,313$3,198$1,887$688
40 years$12,988$8,182$4,980$2,949$1,712$605
41 years$12,530$7,789$4,670$2,721$1,553$531
42 years$12,095$7,418$4,380$2,511$1,409$467
43 years$11,681$7,068$4,110$2,318$1,279$411
44 years$11,287$6,737$3,858$2,140$1,161$361
45 years$10,912$6,424$3,623$1,977$1,054$317
46 years$10,554$6,128$3,403$1,826$957$279
47 years$10,213$5,848$3,197$1,687$869$245
48 years$9,886$5,583$3,004$1,559$789$216
49 years$9,574$5,332$2,823$1,441$717$190
50 years$9,275$5,093$2,654$1,332$651$167

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $9,500,000, adding $2,030 every year, while hoping to spend $56,564 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: 30/49/21 Blend
66$9,500,000$9,500,000$9,500,000$9,500,000
67$10,471,094$9,967,594$9,820,344$10,716,416
68$11,478,962$10,395,822$10,089,142$11,331,908
69$12,587,737$10,843,138$10,365,049$11,988,392
70$13,807,651$11,310,417$10,648,243$12,693,466
71$15,149,979$11,798,575$10,938,907$13,451,366
72$16,627,144$12,308,573$11,237,228$14,266,735
73$18,252,834$12,841,414$11,543,396$15,144,656
74$20,042,130$13,398,151$11,857,607$16,090,696
75$22,011,652$13,979,884$12,180,061$17,110,961
76$24,179,708$14,587,767$12,510,961$18,212,141
77$26,566,477$15,223,006$12,850,517$19,401,571
78$29,194,191$15,886,866$13,198,942$20,687,299
79$32,087,346$16,580,670$13,556,454$22,078,150
80$35,272,936$17,305,803$13,923,276$23,583,810
81$38,780,706$18,063,718$14,299,636$25,214,907
82$42,643,431$18,855,933$14,685,767$26,983,109
83$46,897,227$19,684,041$15,081,907$28,901,226
84$51,581,892$20,549,707$15,488,298$30,983,325
85$56,741,279$21,454,676$15,905,190$33,244,854
86$62,423,712$22,400,777$16,332,836$35,702,783
87$68,682,439$23,389,924$16,771,495$38,375,759
88$75,576,139$24,424,122$17,221,432$41,284,267
89$83,169,472$25,505,470$17,682,916$44,450,822
90$91,533,688$26,636,169$18,156,224$47,900,171
91$100,747,304$27,818,520$18,641,637$51,659,515
92$110,896,840$29,054,939$19,139,442$55,758,763
93$122,077,637$30,347,951$19,649,934$60,230,796
94$134,394,760$31,700,204$20,173,410$65,111,775
95$147,963,982$33,114,471$20,710,176$70,441,466
96$162,912,886$34,593,658$21,260,545$76,263,610
97$179,382,060$36,140,807$21,824,833$82,626,318
98$197,526,430$37,759,106$22,403,365$89,582,517
99$217,516,719$39,451,895$22,996,470$97,190,438
100$239,541,058$41,222,672$23,604,486$105,514,148