Can I retire at age 67 with 9,800,000?

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 $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$809,275$802,066$795,033$788,169$781,466$761,030
2 years$400,631$393,170$385,938$378,927$372,127$351,678
3 years$264,434$256,941$249,728$242,782$236,092$216,270
4 years$196,349$188,879$181,738$174,911$168,383$149,339
5 years$155,509$148,083$141,036$134,348$128,002$109,789
6 years$128,291$120,921$113,978$107,440$101,284$83,920
7 years$108,857$101,549$94,716$88,332$82,371$65,857
8 years$94,288$87,047$80,327$74,099$68,335$52,663
9 years$82,963$75,790$69,186$63,116$57,548$42,704
10 years$73,908$66,805$60,318$54,407$49,033$35,000
11 years$66,505$59,472$53,103$47,350$42,170$28,926
12 years$60,339$53,379$47,127$41,533$36,544$24,065
13 years$55,126$48,239$42,105$36,667$31,867$20,127
14 years$50,662$43,848$37,832$32,549$27,934$16,907
15 years$46,797$40,056$34,157$29,028$24,596$14,253
16 years$43,418$36,751$30,968$25,991$21,738$12,051
17 years$40,439$33,846$28,180$23,353$19,274$10,214
18 years$37,795$31,275$25,725$21,046$17,138$8,675
19 years$35,431$28,986$23,550$19,017$15,275$7,381
20 years$33,307$26,935$21,613$17,223$13,644$6,288
21 years$31,388$25,089$19,879$15,631$12,210$5,364
22 years$29,645$23,419$18,322$14,212$10,944$4,581
23 years$28,056$21,904$16,917$12,943$9,824$3,915
24 years$26,602$20,522$15,645$11,805$8,830$3,349
25 years$25,266$19,259$14,491$10,781$7,946$2,866
26 years$24,035$18,101$13,440$9,858$7,157$2,454
27 years$22,897$17,035$12,480$9,023$6,453$2,103
28 years$21,842$16,052$11,602$8,267$5,823$1,802
29 years$20,862$15,143$10,796$7,581$5,258$1,545
30 years$19,949$14,301$10,056$6,958$4,751$1,325
31 years$19,096$13,519$9,375$6,390$4,295$1,137
32 years$18,298$12,792$8,747$5,872$3,885$975
33 years$17,550$12,114$8,167$5,400$3,516$837
34 years$16,848$11,481$7,631$4,969$3,183$718
35 years$16,187$10,890$7,135$4,574$2,883$617
36 years$15,565$10,336$6,674$4,213$2,612$529
37 years$14,977$9,817$6,247$3,881$2,368$455
38 years$14,422$9,330$5,850$3,577$2,147$390
39 years$13,896$8,872$5,481$3,299$1,947$335
40 years$13,398$8,441$5,137$3,042$1,766$288
41 years$12,926$8,035$4,817$2,807$1,602$247
42 years$12,477$7,652$4,519$2,591$1,454$212
43 years$12,050$7,291$4,240$2,391$1,319$182
44 years$11,644$6,950$3,980$2,208$1,197$157
45 years$11,257$6,627$3,737$2,039$1,087$135
46 years$10,888$6,322$3,510$1,884$987$116
47 years$10,535$6,033$3,298$1,740$896$99
48 years$10,198$5,759$3,099$1,608$814$85
49 years$9,876$5,500$2,913$1,486$739$73
50 years$9,568$5,254$2,738$1,374$671$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $9,800,000, adding $6,328 every year, while hoping to spend $50,821 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: 34/38/28 Blend
66$9,800,000$9,800,000$9,800,000$9,800,000
67$10,806,127$10,286,727$10,134,827$11,081,742
68$11,854,279$10,736,704$10,420,271$11,740,233
69$13,007,639$11,207,026$10,713,574$12,444,837
70$14,276,885$11,698,637$11,014,945$13,203,685
71$15,673,782$12,212,524$11,324,600$14,021,641
72$17,211,292$12,749,723$11,642,759$14,904,040
73$18,903,701$13,311,316$11,969,648$15,856,730
74$20,766,746$13,898,438$12,305,499$16,886,127
75$22,817,770$14,512,277$12,650,549$17,999,273
76$25,075,882$15,154,078$13,005,042$19,203,893
77$27,562,138$15,825,145$13,369,227$20,508,469
78$30,299,741$16,526,842$13,743,361$21,922,313
79$33,314,257$17,260,600$14,127,706$23,455,649
80$36,633,858$18,027,915$14,522,531$25,119,709
81$40,289,587$18,830,359$14,928,111$26,926,829
82$44,315,651$19,669,572$15,344,729$28,890,563
83$48,749,744$20,547,278$15,772,674$31,025,803
84$53,633,402$21,465,279$16,212,243$33,348,918
85$59,012,396$22,425,464$16,663,739$35,877,898
86$64,937,161$23,429,813$17,127,476$38,632,519
87$71,463,275$24,480,398$17,603,770$41,634,525
88$78,651,983$25,579,391$18,092,950$44,907,822
89$86,570,772$26,729,067$18,595,350$48,478,701
90$95,294,010$27,931,811$19,111,314$52,376,076
91$104,903,648$29,190,120$19,641,193$56,631,750
92$115,489,994$30,506,609$20,185,346$61,280,706
93$127,152,562$31,884,021$20,744,143$66,361,430
94$140,001,012$33,325,227$21,317,962$71,916,264
95$154,156,190$34,833,238$21,907,188$77,991,799
96$169,751,261$36,411,206$22,512,218$84,639,300
97$186,932,970$38,062,435$23,133,458$91,915,185
98$205,863,026$39,790,388$23,771,322$99,881,542
99$226,719,629$41,598,692$24,426,235$108,606,710
100$249,699,151$43,491,147$25,098,634$118,165,905