Can I retire at age 67 with 9,600,000?

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 $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$792,759$785,698$778,808$772,084$765,517$736,600
2 years$392,455$385,146$378,062$371,194$364,532$335,734
3 years$259,038$251,697$244,631$237,828$231,274$203,501
4 years$192,342$185,024$178,029$171,341$164,947$138,411
5 years$152,335$145,061$138,158$131,607$125,390$100,159
6 years$125,673$118,453$111,652$105,247$99,217$75,309
7 years$106,636$99,477$92,783$86,529$80,690$58,098
8 years$92,364$85,270$78,688$72,587$66,940$45,643
9 years$81,270$74,243$67,774$61,828$56,373$36,341
10 years$72,400$65,441$59,087$53,297$48,033$29,229
11 years$65,147$58,259$52,019$46,384$41,310$23,692
12 years$59,108$52,290$46,165$40,685$35,798$19,322
13 years$54,001$47,255$41,246$35,919$31,217$15,835
14 years$49,628$42,953$37,060$31,885$27,364$13,028
15 years$45,842$39,239$33,460$28,435$24,094$10,752
16 years$42,532$36,001$30,336$25,461$21,294$8,896
17 years$39,614$33,155$27,605$22,876$18,881$7,376
18 years$37,024$30,637$25,200$20,616$16,788$6,126
19 years$34,708$28,394$23,069$18,629$14,963$5,095
20 years$32,627$26,385$21,172$16,872$13,366$4,243
21 years$30,747$24,577$19,474$15,312$11,961$3,536
22 years$29,040$22,941$17,948$13,922$10,721$2,950
23 years$27,483$21,457$16,572$12,679$9,624$2,462
24 years$26,059$20,104$15,326$11,564$8,650$2,057
25 years$24,750$18,866$14,195$10,561$7,784$1,718
26 years$23,544$17,731$13,165$9,657$7,011$1,436
27 years$22,430$16,687$12,225$8,839$6,321$1,201
28 years$21,396$15,724$11,365$8,098$5,704$1,005
29 years$20,436$14,834$10,576$7,426$5,150$840
30 years$19,541$14,009$9,851$6,816$4,654$703
31 years$18,706$13,243$9,184$6,260$4,207$588
32 years$17,925$12,531$8,569$5,753$3,806$492
33 years$17,192$11,867$8,001$5,290$3,444$412
34 years$16,504$11,247$7,475$4,867$3,118$345
35 years$15,857$10,668$6,989$4,481$2,825$289
36 years$15,247$10,125$6,538$4,127$2,559$242
37 years$14,671$9,617$6,119$3,802$2,319$203
38 years$14,127$9,139$5,731$3,504$2,103$170
39 years$13,613$8,690$5,369$3,231$1,907$142
40 years$13,125$8,268$5,032$2,980$1,730$119
41 years$12,662$7,871$4,719$2,750$1,569$100
42 years$12,222$7,496$4,426$2,538$1,424$83
43 years$11,804$7,142$4,153$2,343$1,292$70
44 years$11,406$6,808$3,899$2,163$1,173$58
45 years$11,027$6,492$3,661$1,998$1,065$49
46 years$10,665$6,193$3,438$1,845$967$41
47 years$10,320$5,910$3,230$1,705$878$34
48 years$9,990$5,642$3,036$1,575$797$29
49 years$9,675$5,388$2,853$1,456$724$24
50 years$9,373$5,146$2,682$1,346$658$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $9,600,000, adding $3,905 every year, while hoping to spend $30,287 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: 70/20/10 Blend
66$9,600,000$9,600,000$9,600,000$9,600,000
67$10,583,228$10,074,428$9,925,628$11,302,990
68$11,630,492$10,535,850$10,225,911$12,241,756
69$12,783,562$11,018,866$10,535,239$13,264,625
70$14,053,198$11,524,503$10,853,882$14,383,126
71$15,451,257$12,053,837$11,182,120$15,606,657
72$16,990,804$12,607,993$11,520,240$16,945,564
73$18,686,235$13,188,154$11,868,537$18,411,232
74$20,553,415$13,795,558$12,227,317$20,016,188
75$22,609,825$14,431,502$12,596,894$21,774,222
76$24,874,727$15,097,345$12,977,590$23,700,514
77$27,369,349$15,794,515$13,369,738$25,811,769
78$30,117,079$16,524,503$13,773,682$28,126,381
79$33,143,695$17,288,877$14,189,773$30,664,598
80$36,477,597$18,089,277$14,618,376$33,448,711
81$40,150,084$18,927,424$15,059,864$36,503,263
82$44,195,646$19,805,121$15,514,623$39,855,278
83$48,652,288$20,724,259$15,983,049$43,534,511
84$53,561,892$21,686,817$16,465,551$47,573,727
85$58,970,607$22,694,874$16,962,550$52,009,007
86$64,929,292$23,750,605$17,474,478$56,880,082
87$71,493,989$24,856,294$18,001,782$62,230,709
88$78,726,454$26,014,331$18,544,920$68,109,077
89$86,694,744$27,227,225$19,104,367$74,568,260
90$95,473,853$28,497,603$19,680,607$81,666,708
91$105,146,422$29,828,222$20,274,144$89,468,804
92$115,803,521$31,221,970$20,885,492$98,045,457
93$127,545,508$32,681,874$21,515,184$107,474,773
94$140,482,974$34,211,109$22,163,766$117,842,785
95$154,737,787$35,813,004$22,831,803$129,244,259
96$170,444,247$37,491,046$23,519,873$141,783,585
97$187,750,346$39,248,893$24,228,575$155,575,755
98$206,819,172$41,090,380$24,958,523$170,747,442
99$227,830,444$43,019,525$25,710,350$187,438,192
100$250,982,211$45,040,544$26,484,709$205,801,729