Can I retire at age 67 with 9,700,000?

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 $9,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$801,017$793,882$786,921$780,126$773,492$768,295
2 years$396,543$389,158$382,000$375,061$368,329$363,088
3 years$261,736$254,319$247,180$240,305$233,683$228,560
4 years$194,346$186,951$179,883$173,126$166,665$161,699
5 years$153,922$146,572$139,597$132,978$126,696$121,902
6 years$126,982$119,687$112,815$106,343$100,250$95,635
7 years$107,746$100,513$93,750$87,431$81,530$77,095
8 years$93,326$86,158$79,507$73,343$67,637$63,383
9 years$82,117$75,016$68,480$62,472$56,960$52,885
10 years$73,154$66,123$59,702$53,852$48,533$44,635
11 years$65,826$58,866$52,561$46,867$41,740$38,016
12 years$59,723$52,835$46,646$41,109$36,171$32,619
13 years$54,564$47,747$41,675$36,293$31,542$28,157
14 years$50,145$43,401$37,446$32,217$27,649$24,428
15 years$46,319$39,647$33,808$28,732$24,345$21,283
16 years$42,975$36,376$30,652$25,726$21,516$18,609
17 years$40,027$33,501$27,892$23,115$19,078$16,320
18 years$37,409$30,956$25,462$20,831$16,963$14,351
19 years$35,070$28,690$23,309$18,823$15,119$12,647
20 years$32,967$26,660$21,392$17,047$13,505$11,168
21 years$31,067$24,833$19,677$15,472$12,085$9,878
22 years$29,342$23,180$18,135$14,067$10,833$8,751
23 years$27,770$21,680$16,744$12,811$9,724$7,762
24 years$26,330$20,313$15,486$11,685$8,740$6,893
25 years$25,008$19,063$14,343$10,671$7,865$6,127
26 years$23,790$17,916$13,302$9,757$7,084$5,451
27 years$22,663$16,861$12,352$8,931$6,387$4,854
28 years$21,619$15,888$11,483$8,183$5,763$4,325
29 years$20,649$14,988$10,686$7,504$5,204$3,856
30 years$19,745$14,155$9,954$6,887$4,702$3,440
31 years$18,901$13,381$9,280$6,325$4,251$3,070
32 years$18,111$12,661$8,658$5,813$3,846$2,741
33 years$17,371$11,990$8,084$5,345$3,480$2,448
34 years$16,676$11,364$7,553$4,918$3,151$2,187
35 years$16,022$10,779$7,062$4,527$2,854$1,955
36 years$15,406$10,231$6,606$4,170$2,586$1,748
37 years$14,824$9,717$6,183$3,842$2,344$1,563
38 years$14,275$9,234$5,790$3,541$2,125$1,398
39 years$13,754$8,781$5,425$3,265$1,927$1,251
40 years$13,261$8,354$5,085$3,011$1,748$1,119
41 years$12,794$7,953$4,768$2,778$1,586$1,001
42 years$12,350$7,574$4,472$2,564$1,439$896
43 years$11,927$7,216$4,197$2,367$1,306$802
44 years$11,525$6,879$3,939$2,186$1,185$718
45 years$11,142$6,559$3,699$2,018$1,076$643
46 years$10,776$6,257$3,474$1,864$977$576
47 years$10,428$5,971$3,264$1,723$887$516
48 years$10,094$5,701$3,067$1,592$806$462
49 years$9,776$5,444$2,883$1,471$732$413
50 years$9,471$5,200$2,710$1,360$665$370

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $9,700,000, adding $4,044 every year, while hoping to spend $31,379 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: 62/11/27 Blend
66$9,700,000$9,700,000$9,700,000$9,700,000
67$10,693,571$10,179,471$10,029,121$11,279,137
68$11,750,929$10,644,878$10,331,710$12,142,622
69$12,915,085$11,132,039$10,643,384$13,081,286
70$14,196,900$11,641,985$10,964,413$14,105,582
71$15,608,341$12,175,800$11,295,079$15,223,890
72$17,162,595$12,734,617$11,635,667$16,445,430
73$18,874,192$13,319,626$11,986,475$17,780,349
74$20,759,145$13,932,073$12,347,806$19,239,817
75$22,835,095$14,573,262$12,719,975$20,836,127
76$25,121,486$15,244,563$13,103,306$22,582,810
77$27,639,741$15,947,410$13,498,129$24,494,762
78$30,413,467$16,683,306$13,904,790$26,588,382
79$33,468,680$17,453,826$14,323,639$28,881,725
80$36,834,044$18,260,623$14,755,040$31,394,669
81$40,541,151$19,105,428$15,199,368$34,149,100
82$44,624,808$19,990,053$15,657,006$37,169,119
83$49,123,374$20,916,402$16,128,352$40,481,263
84$54,079,120$21,886,467$16,613,814$44,114,759
85$59,538,624$22,902,338$17,113,811$48,101,788
86$65,553,216$23,966,205$17,628,776$52,477,794
87$72,179,459$25,080,364$18,159,154$57,281,813
88$79,479,682$26,247,220$18,705,404$62,556,836
89$87,522,573$27,469,297$19,267,998$68,350,217
90$96,383,821$28,749,238$19,847,422$74,714,111
91$106,146,835$30,089,816$20,444,175$81,705,965
92$116,903,532$31,493,935$21,058,774$89,389,059
93$128,755,197$32,964,643$21,691,748$97,833,096
94$141,813,448$34,505,132$22,343,643$107,114,858
95$156,201,286$36,118,749$23,015,021$117,318,927
96$172,054,253$37,809,004$23,706,460$128,538,478
97$189,521,716$39,579,575$24,418,556$140,876,156
98$208,768,276$41,434,319$25,151,922$154,445,037
99$229,975,318$43,377,278$25,907,190$169,369,695
100$253,342,728$45,412,692$26,685,008$185,787,371