Can I retire at age 67 with 10,600,000?

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 $10,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$875,338$867,541$859,934$852,509$845,259$835,043
2 years$433,336$425,265$417,444$409,860$402,504$392,223
3 years$286,021$277,916$270,114$262,601$255,365$245,338
4 years$212,378$204,297$196,574$189,189$182,129$172,433
5 years$168,204$160,172$152,549$145,316$138,451$129,115
6 years$138,764$130,792$123,282$116,210$109,552$100,587
7 years$117,743$109,839$102,448$95,543$89,095$80,504
8 years$101,985$94,152$86,884$80,148$73,913$65,696
9 years$89,736$81,977$74,833$68,269$62,245$54,399
10 years$79,942$72,258$65,241$58,848$53,036$45,555
11 years$71,933$64,327$57,438$51,216$45,613$38,490
12 years$65,265$57,737$50,974$44,923$39,527$32,755
13 years$59,627$52,177$45,542$39,660$34,468$28,038
14 years$54,798$47,428$40,920$35,206$30,215$24,117
15 years$50,617$43,326$36,945$31,398$26,603$20,829
16 years$46,962$39,751$33,496$28,113$23,512$18,050
17 years$43,741$36,609$30,480$25,259$20,848$15,687
18 years$40,880$33,828$27,824$22,764$18,537$13,667
19 years$38,324$31,352$25,472$20,569$16,522$11,933
20 years$36,026$29,134$23,377$18,629$14,758$10,437
21 years$33,950$27,137$21,502$16,907$13,207$9,143
22 years$32,065$25,331$19,818$15,373$11,838$8,021
23 years$30,346$23,692$18,298$14,000$10,626$7,044
24 years$28,773$22,198$16,923$12,769$9,551$6,193
25 years$27,328$20,831$15,674$11,661$8,595$5,450
26 years$25,997$19,578$14,537$10,662$7,742$4,799
27 years$24,766$18,425$13,499$9,760$6,980$4,229
28 years$23,625$17,362$12,549$8,942$6,298$3,729
29 years$22,565$16,379$11,678$8,200$5,687$3,290
30 years$21,577$15,468$10,877$7,525$5,139$2,904
31 years$20,655$14,623$10,141$6,912$4,646$2,565
32 years$19,792$13,836$9,461$6,352$4,202$2,265
33 years$18,983$13,103$8,834$5,841$3,803$2,002
34 years$18,223$12,419$8,254$5,374$3,443$1,769
35 years$17,509$11,779$7,717$4,947$3,119$1,564
36 years$16,835$11,180$7,219$4,556$2,826$1,383
37 years$16,200$10,618$6,757$4,198$2,561$1,223
38 years$15,599$10,091$6,328$3,869$2,322$1,082
39 years$15,031$9,596$5,928$3,568$2,106$957
40 years$14,492$9,130$5,556$3,291$1,910$847
41 years$13,981$8,690$5,210$3,036$1,733$750
42 years$13,495$8,277$4,887$2,802$1,572$663
43 years$13,034$7,886$4,586$2,587$1,427$587
44 years$12,594$7,517$4,305$2,388$1,295$520
45 years$12,176$7,168$4,042$2,206$1,176$460
46 years$11,776$6,838$3,796$2,037$1,068$407
47 years$11,395$6,526$3,567$1,882$969$361
48 years$11,031$6,230$3,352$1,739$880$319
49 years$10,683$5,949$3,150$1,607$800$283
50 years$10,349$5,683$2,962$1,486$726$250

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $10,600,000, adding $2,166 every year, while hoping to spend $27,100 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: 44/39/17 Blend
66$10,600,000$10,600,000$10,600,000$10,600,000
67$11,683,434$11,121,634$10,957,334$12,140,029
68$12,846,310$11,637,760$11,295,571$12,976,628
69$14,126,892$12,178,268$11,644,230$13,880,004
70$15,537,155$12,744,324$12,003,632$14,858,602
71$17,090,299$13,337,150$12,374,108$15,919,380
72$18,800,867$13,958,028$12,755,998$17,069,973
73$20,684,885$14,608,300$13,149,653$18,318,763
74$22,760,011$15,289,375$13,555,435$19,674,953
75$25,045,707$16,002,729$13,973,717$21,148,648
76$27,563,415$16,749,909$14,404,882$22,750,945
77$30,336,766$17,532,536$14,849,328$24,494,036
78$33,391,797$18,352,312$15,307,461$26,391,313
79$36,757,203$19,211,018$15,779,704$28,457,493
80$40,464,603$20,110,523$16,266,489$30,708,749
81$44,548,839$21,052,786$16,768,264$33,162,854
82$49,048,309$22,039,860$17,285,489$35,839,347
83$54,005,322$23,073,899$17,818,639$38,759,709
84$59,466,505$24,157,160$18,368,203$41,947,556
85$65,483,236$25,292,008$18,934,685$45,428,859
86$72,112,135$26,480,926$19,518,606$49,232,177
87$79,415,594$27,726,513$20,120,501$53,388,921
88$87,462,369$29,031,496$20,740,922$57,933,641
89$96,328,226$30,398,735$21,380,438$62,904,347
90$106,096,659$31,831,226$22,039,636$68,342,850
91$116,859,674$33,332,112$22,719,120$74,295,156
92$128,718,664$34,904,689$23,419,513$80,811,884
93$141,785,358$36,552,409$24,141,458$87,948,737
94$156,182,883$38,278,896$24,885,615$95,767,014
95$172,046,921$40,087,946$25,652,668$104,334,178
96$189,526,993$41,983,541$26,443,318$113,724,482
97$208,787,868$43,969,856$27,258,290$124,019,653
98$230,011,119$46,051,267$28,098,332$135,309,656
99$253,396,839$48,232,365$28,964,211$147,693,524
100$279,165,526$50,517,961$29,856,723$161,280,281