Can I retire at age 67 with 10,700,000?

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$883,596$875,725$868,047$860,552$853,233$842,222
2 years$437,424$429,277$421,382$413,727$406,301$395,224
3 years$288,719$280,537$272,662$265,079$257,774$246,974
4 years$214,381$206,225$198,428$190,974$183,847$173,408
5 years$169,790$161,683$153,988$146,687$139,757$129,709
6 years$140,073$132,026$124,445$117,306$110,585$100,940
7 years$118,854$110,875$103,415$96,444$89,935$80,698
8 years$102,948$95,041$87,704$80,905$74,610$65,778
9 years$90,582$82,750$75,539$68,913$62,833$54,402
10 years$80,696$72,940$65,857$59,403$53,536$45,502
11 years$72,612$64,934$57,979$51,699$46,043$38,398
12 years$65,881$58,281$51,455$45,347$39,900$32,635
13 years$60,189$52,669$45,972$40,034$34,794$27,899
14 years$55,315$47,875$41,306$35,538$30,500$23,966
15 years$51,094$43,735$37,294$31,694$26,854$20,670
16 years$47,405$40,126$33,812$28,378$23,734$17,887
17 years$44,153$36,954$30,768$25,498$21,044$15,524
18 years$41,266$34,147$28,087$22,979$18,712$13,506
19 years$38,685$31,648$25,712$20,763$16,678$11,775
20 years$36,366$29,408$23,597$18,805$14,897$10,284
21 years$34,270$27,393$21,705$17,067$13,331$8,995
22 years$32,367$25,570$20,005$15,518$11,950$7,879
23 years$30,633$23,915$18,471$14,132$10,727$6,909
24 years$29,045$22,407$17,082$12,889$9,641$6,065
25 years$27,586$21,028$15,822$11,771$8,676$5,329
26 years$26,242$19,763$14,674$10,763$7,815$4,685
27 years$25,000$18,599$13,626$9,852$7,046$4,122
28 years$23,848$17,526$12,667$9,026$6,357$3,629
29 years$22,778$16,534$11,788$8,277$5,741$3,197
30 years$21,781$15,614$10,980$7,596$5,187$2,817
31 years$20,850$14,761$10,236$6,977$4,690$2,483
32 years$19,979$13,967$9,551$6,412$4,242$2,190
33 years$19,162$13,227$8,917$5,896$3,839$1,932
34 years$18,395$12,536$8,332$5,425$3,476$1,705
35 years$17,674$11,890$7,790$4,994$3,148$1,504
36 years$16,994$11,285$7,287$4,599$2,852$1,328
37 years$16,353$10,718$6,821$4,238$2,585$1,173
38 years$15,746$10,186$6,387$3,906$2,344$1,036
39 years$15,172$9,686$5,984$3,602$2,125$915
40 years$14,629$9,216$5,609$3,322$1,928$808
41 years$14,113$8,772$5,259$3,065$1,749$714
42 years$13,623$8,355$4,933$2,828$1,587$631
43 years$13,157$7,960$4,629$2,611$1,440$557
44 years$12,713$7,588$4,345$2,411$1,307$492
45 years$12,290$7,236$4,080$2,226$1,187$435
46 years$11,887$6,903$3,832$2,057$1,078$385
47 years$11,503$6,587$3,600$1,900$979$340
48 years$11,135$6,288$3,383$1,756$889$300
49 years$10,783$6,005$3,180$1,623$807$266
50 years$10,447$5,736$2,990$1,500$733$235

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $10,700,000, adding $6,747 every year, while hoping to spend $29,720 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: 67/24/9 Blend
66$10,700,000$10,700,000$10,700,000$10,700,000
67$11,798,360$11,231,260$11,065,410$12,567,453
68$12,970,170$11,749,969$11,404,479$13,597,984
69$14,260,510$12,293,100$11,753,911$14,720,017
70$15,681,436$12,861,816$12,114,022$15,945,905
71$17,246,238$13,457,340$12,485,136$17,285,797
72$18,969,555$14,080,951$12,867,590$18,750,856
73$20,867,524$14,733,992$13,261,728$20,353,366
74$22,957,922$15,417,868$13,667,906$22,106,841
75$25,260,341$16,134,055$14,086,492$24,026,151
76$27,796,369$16,884,097$14,517,863$26,127,659
77$30,589,796$17,669,614$14,962,408$28,429,375
78$33,666,835$18,492,305$15,420,529$30,951,118
79$37,056,374$19,353,950$15,892,638$33,714,704
80$40,790,244$20,256,414$16,379,162$36,744,145
81$44,903,524$21,201,654$16,880,539$40,065,873
82$49,434,869$22,191,719$17,397,222$43,708,988
83$54,426,872$23,228,760$17,929,676$47,705,523
84$59,926,474$24,315,031$18,478,381$52,090,748
85$65,985,399$25,452,892$19,043,831$56,903,494
86$72,660,647$26,644,821$19,626,537$62,186,518
87$80,015,029$27,893,413$20,227,022$67,986,897
88$88,117,763$29,201,391$20,845,828$74,356,473
89$97,045,123$30,571,608$21,483,512$81,352,334
90$106,881,164$32,007,055$22,140,648$89,037,347
91$117,718,510$33,510,868$22,817,827$97,480,744
92$129,659,232$35,086,335$23,515,659$106,758,775
93$142,815,812$36,736,903$24,234,771$116,955,413
94$157,312,200$38,466,186$24,975,811$128,163,148
95$173,284,988$40,277,973$25,739,444$140,483,847
96$190,884,699$42,176,236$26,526,358$154,029,711
97$210,277,207$44,165,141$27,337,260$168,924,325
98$231,645,303$46,249,053$28,172,879$185,303,819
99$255,190,419$48,432,551$29,033,965$203,318,141
100$281,134,531$50,720,436$29,921,292$223,132,466