Can I retire at age 67 with 10,300,000?

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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$850,564$842,988$835,596$828,381$821,336$794,092
2 years$421,071$413,229$405,629$398,260$391,113$363,928
3 years$277,926$270,050$262,469$255,169$248,138$221,868
4 years$206,367$198,515$191,010$183,835$176,974$151,819
5 years$163,443$155,638$148,232$141,203$134,533$110,560
6 years$134,836$127,090$119,793$112,921$106,451$83,679
7 years$114,411$106,730$99,549$92,839$86,573$65,000
8 years$99,099$91,488$84,425$77,880$71,821$51,430
9 years$87,196$79,656$72,715$66,337$60,484$41,251
10 years$77,679$70,213$63,395$57,183$51,535$33,430
11 years$69,898$62,507$55,812$49,766$44,322$27,310
12 years$63,418$56,103$49,532$43,652$38,408$22,451
13 years$57,939$50,700$44,253$38,538$33,493$18,551
14 years$53,247$46,085$39,762$34,210$29,360$15,390
15 years$49,184$42,100$35,900$30,509$25,851$12,810
16 years$45,633$38,626$32,548$27,317$22,847$10,692
17 years$42,503$35,573$29,618$24,544$20,258$8,944
18 years$39,723$32,871$27,037$22,120$18,012$7,495
19 years$37,239$30,464$24,751$19,987$16,055$6,291
20 years$35,006$28,309$22,715$18,102$14,340$5,287
21 years$32,989$26,369$20,894$16,429$12,833$4,448
22 years$31,157$24,614$19,257$14,937$11,503$3,745
23 years$29,487$23,021$17,780$13,604$10,326$3,156
24 years$27,959$21,569$16,444$12,407$9,281$2,661
25 years$26,555$20,242$15,230$11,331$8,351$2,245
26 years$25,261$19,024$14,125$10,361$7,523$1,895
27 years$24,065$17,904$13,116$9,483$6,782$1,600
28 years$22,956$16,871$12,193$8,689$6,120$1,351
29 years$21,926$15,916$11,347$7,968$5,526$1,141
30 years$20,966$15,031$10,569$7,312$4,993$965
31 years$20,070$14,209$9,854$6,716$4,514$815
32 years$19,232$13,444$9,194$6,172$4,083$689
33 years$18,446$12,732$8,584$5,676$3,696$583
34 years$17,708$12,067$8,020$5,222$3,346$493
35 years$17,013$11,446$7,499$4,807$3,030$416
36 years$16,359$10,863$7,015$4,427$2,746$352
37 years$15,741$10,318$6,566$4,079$2,489$298
38 years$15,158$9,806$6,148$3,760$2,256$252
39 years$14,605$9,324$5,760$3,467$2,046$213
40 years$14,082$8,871$5,399$3,198$1,856$180
41 years$13,585$8,445$5,063$2,950$1,684$152
42 years$13,113$8,042$4,749$2,723$1,528$129
43 years$12,665$7,663$4,456$2,513$1,386$109
44 years$12,238$7,304$4,183$2,321$1,258$92
45 years$11,831$6,965$3,928$2,143$1,142$78
46 years$11,443$6,644$3,689$1,980$1,037$66
47 years$11,073$6,341$3,466$1,829$942$56
48 years$10,719$6,053$3,257$1,690$855$47
49 years$10,380$5,780$3,061$1,562$777$40
50 years$10,056$5,522$2,878$1,444$706$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $10,300,000, adding $5,238 every year, while hoping to spend $26,371 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: 76/9/15 Blend
66$10,300,000$10,300,000$10,300,000$10,300,000
67$11,356,003$10,810,103$10,650,453$12,182,078
68$12,486,257$11,311,740$10,979,185$13,229,919
69$13,730,913$11,837,072$11,318,045$14,374,548
70$15,101,612$12,387,235$11,667,345$15,628,707
71$16,611,181$12,963,415$12,027,407$17,003,299
72$18,273,758$13,566,858$12,398,561$18,510,333
73$20,104,916$14,198,869$12,781,147$20,163,031
74$22,121,820$14,860,816$13,175,519$21,975,950
75$24,343,384$15,554,134$13,582,037$23,965,123
76$26,790,449$16,280,327$14,001,075$26,148,206
77$29,485,982$17,040,970$14,433,018$28,544,642
78$32,455,291$17,837,717$14,878,263$31,175,844
79$35,726,265$18,672,298$15,337,219$34,065,397
80$39,329,634$19,546,532$15,810,306$37,239,276
81$43,299,265$20,462,320$16,297,960$40,726,090
82$47,672,475$21,421,659$16,800,627$44,557,354
83$52,490,389$22,426,641$17,318,769$48,767,777
84$57,798,322$23,479,460$17,852,861$53,395,594
85$63,646,213$24,582,416$18,403,394$58,482,922
86$70,089,091$25,737,918$18,970,872$64,076,155
87$77,187,598$26,948,496$19,555,816$70,226,403
88$85,008,559$28,216,799$20,158,762$76,989,965
89$93,625,615$29,545,605$20,780,264$84,428,866
90$103,119,916$30,937,828$21,420,890$92,611,433
91$113,580,887$32,396,520$22,081,229$101,612,941
92$125,107,073$33,924,885$22,761,886$111,516,321
93$137,807,069$35,526,280$23,463,484$122,412,937
94$151,800,546$37,204,223$24,186,667$134,403,447
95$167,219,378$38,962,406$24,932,096$147,598,749
96$184,208,889$40,804,699$25,700,456$162,121,027
97$202,929,223$42,735,157$26,492,449$178,104,899
98$223,556,859$44,758,035$27,308,801$195,698,680
99$246,286,273$46,877,793$28,150,261$215,065,788
100$271,331,776$49,099,108$29,017,597$236,386,271