Can I retire at age 67 with 9,900,000?

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 $9,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$817,533$810,251$803,146$796,211$789,440$764,782
2 years$404,719$397,182$389,877$382,794$375,924$351,301
3 years$267,133$259,563$252,276$245,260$238,501$214,686
4 years$198,353$190,806$183,592$176,696$170,101$147,276
5 years$157,096$149,594$142,475$135,719$129,308$107,534
6 years$129,600$122,155$115,141$108,536$102,317$81,613
7 years$109,968$102,586$95,683$89,233$83,211$63,576
8 years$95,251$87,935$81,147$74,856$69,032$50,452
9 years$83,810$76,563$69,892$63,760$58,135$40,590
10 years$74,662$67,487$60,933$54,962$49,534$32,998
11 years$67,183$60,079$53,644$47,833$42,601$27,044
12 years$60,955$53,924$47,608$41,956$36,917$22,307
13 years$55,689$48,731$42,535$37,041$32,192$18,494
14 years$51,179$44,296$38,218$32,881$28,219$15,397
15 years$47,274$40,465$34,505$29,324$24,847$12,861
16 years$43,861$37,126$31,284$26,257$21,960$10,773
17 years$40,852$34,191$28,467$23,591$19,471$9,045
18 years$38,180$31,594$25,987$21,261$17,313$7,608
19 years$35,793$29,281$23,790$19,211$15,431$6,410
20 years$33,647$27,210$21,833$17,399$13,783$5,407
21 years$31,708$25,345$20,082$15,791$12,335$4,567
22 years$29,947$23,658$18,509$14,357$11,056$3,860
23 years$28,342$22,127$17,090$13,076$9,925$3,266
24 years$26,873$20,732$15,805$11,926$8,920$2,765
25 years$25,524$19,456$14,639$10,891$8,027$2,342
26 years$24,280$18,285$13,577$9,958$7,231$1,984
27 years$23,131$17,209$12,607$9,115$6,519$1,682
28 years$22,065$16,216$11,720$8,351$5,882$1,427
29 years$21,075$15,297$10,906$7,658$5,311$1,210
30 years$20,152$14,447$10,159$7,029$4,799$1,027
31 years$19,291$13,657$9,471$6,455$4,339$871
32 years$18,485$12,922$8,836$5,932$3,925$740
33 years$17,729$12,238$8,251$5,455$3,552$628
34 years$17,020$11,599$7,709$5,019$3,216$533
35 years$16,352$11,001$7,207$4,621$2,913$453
36 years$15,723$10,442$6,742$4,255$2,639$384
37 years$15,130$9,917$6,311$3,921$2,392$326
38 years$14,569$9,425$5,910$3,614$2,169$277
39 years$14,038$8,962$5,537$3,332$1,966$235
40 years$13,535$8,527$5,190$3,074$1,784$200
41 years$13,058$8,117$4,866$2,836$1,618$170
42 years$12,604$7,730$4,565$2,617$1,468$144
43 years$12,173$7,365$4,283$2,416$1,333$123
44 years$11,763$7,020$4,021$2,231$1,210$104
45 years$11,372$6,695$3,775$2,060$1,098$88
46 years$10,999$6,386$3,546$1,903$997$75
47 years$10,643$6,095$3,331$1,758$905$64
48 years$10,302$5,818$3,130$1,624$822$54
49 years$9,977$5,556$2,942$1,501$747$46
50 years$9,666$5,307$2,766$1,388$678$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $9,900,000, adding $4,025 every year, while hoping to spend $54,069 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: 38/32/30 Blend
66$9,900,000$9,900,000$9,900,000$9,900,000
67$10,913,952$10,389,252$10,235,802$11,231,133
68$11,969,646$10,840,796$10,521,172$11,917,247
69$13,131,209$11,312,654$10,814,290$12,653,054
70$14,409,381$11,805,764$11,115,359$13,447,296
71$15,816,000$12,321,107$11,424,585$14,305,322
72$17,364,104$12,859,714$11,742,181$15,233,004
73$19,068,064$13,422,661$12,068,365$16,236,790
74$20,943,712$14,011,077$12,403,360$17,323,758
75$23,008,492$14,626,142$12,747,395$18,501,679
76$25,281,629$15,269,093$13,100,703$19,779,092
77$27,784,304$15,941,227$13,463,525$21,165,376
78$30,539,855$16,643,900$13,836,105$22,670,837
79$33,574,002$17,378,532$14,218,696$24,306,800
80$36,915,082$18,146,613$14,611,555$26,085,710
81$40,594,324$18,949,700$15,014,945$28,021,251
82$44,646,136$19,789,426$15,429,137$30,128,462
83$49,108,436$20,667,502$15,854,407$32,423,882
84$54,023,004$21,585,718$16,291,038$34,925,697
85$59,435,882$22,545,949$16,739,319$37,653,906
86$65,397,804$23,550,162$17,199,548$40,630,506
87$71,964,674$24,600,415$17,672,027$43,879,694
88$79,198,098$25,698,863$18,157,068$47,428,087
89$87,165,963$26,847,765$18,654,987$51,304,971
90$95,943,073$28,049,488$19,166,112$55,542,566
91$105,611,863$29,306,510$19,690,774$60,176,329
92$116,263,172$30,621,428$20,229,313$65,245,275
93$127,997,100$31,996,962$20,782,079$70,792,345
94$140,923,954$33,435,962$21,349,428$76,864,798
95$155,165,287$34,941,415$21,931,725$83,514,652
96$170,855,050$36,516,448$22,529,341$90,799,166
97$188,140,851$38,164,339$23,142,660$98,781,369
98$207,185,348$39,888,522$23,772,069$107,530,653
99$228,167,790$41,692,596$24,417,970$117,123,409
100$251,285,701$43,580,329$25,080,768$127,643,746