Can I retire at age 67 with 10,800,000?

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 $10,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$891,854$883,910$876,159$868,594$861,207$829,661
2 years$441,512$433,289$425,320$417,593$410,099$378,668
3 years$291,417$283,159$275,210$267,556$260,183$229,856
4 years$216,385$208,152$200,283$192,759$185,565$156,573
5 years$171,377$163,194$155,427$148,057$141,064$113,482
6 years$141,382$133,260$125,608$118,403$111,619$85,467
7 years$119,965$111,911$104,381$97,345$90,776$66,048
8 years$103,910$95,929$88,524$81,661$75,307$51,981
9 years$91,429$83,523$76,245$69,557$63,420$41,464
10 years$81,450$73,622$66,472$59,959$54,037$33,412
11 years$73,291$65,541$58,521$52,182$46,473$27,136
12 years$66,496$58,826$51,936$45,771$40,273$22,176
13 years$60,752$53,162$46,401$40,409$35,119$18,211
14 years$55,832$48,322$41,692$35,870$30,785$15,013
15 years$51,572$44,143$37,642$31,990$27,105$12,417
16 years$47,848$40,501$34,128$28,644$23,956$10,296
17 years$44,566$37,300$31,055$25,736$21,241$8,556
18 years$41,651$34,467$28,349$23,193$18,886$7,122
19 years$39,047$31,943$25,953$20,957$16,834$5,937
20 years$36,706$29,683$23,818$18,981$15,036$4,955
21 years$34,590$27,649$21,908$17,226$13,456$4,140
22 years$32,670$25,809$20,192$15,663$12,061$3,461
23 years$30,919$24,139$18,643$14,264$10,827$2,896
24 years$29,316$22,616$17,242$13,010$9,731$2,425
25 years$27,844$21,224$15,970$11,881$8,757$2,031
26 years$26,487$19,948$14,811$10,864$7,888$1,702
27 years$25,233$18,773$13,753$9,944$7,112$1,426
28 years$24,071$17,690$12,785$9,111$6,417$1,196
29 years$22,991$16,688$11,898$8,355$5,794$1,003
30 years$21,984$15,760$11,082$7,667$5,235$841
31 years$21,044$14,899$10,332$7,042$4,733$706
32 years$20,165$14,097$9,640$6,472$4,282$592
33 years$19,341$13,350$9,001$5,951$3,875$497
34 years$18,567$12,653$8,410$5,476$3,508$417
35 years$17,839$12,001$7,863$5,041$3,178$350
36 years$17,153$11,391$7,355$4,642$2,879$294
37 years$16,505$10,819$6,884$4,277$2,609$247
38 years$15,893$10,282$6,447$3,942$2,366$207
39 years$15,314$9,777$6,040$3,635$2,145$174
40 years$14,765$9,302$5,661$3,353$1,946$146
41 years$14,245$8,854$5,309$3,093$1,765$122
42 years$13,750$8,433$4,980$2,855$1,602$103
43 years$13,280$8,035$4,673$2,635$1,454$86
44 years$12,832$7,659$4,386$2,433$1,320$72
45 years$12,405$7,303$4,118$2,247$1,198$61
46 years$11,998$6,967$3,868$2,076$1,088$51
47 years$11,610$6,649$3,634$1,918$988$43
48 years$11,239$6,347$3,415$1,772$897$36
49 years$10,884$6,061$3,210$1,638$815$30
50 years$10,545$5,790$3,018$1,514$740$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $10,800,000, adding $2,155 every year, while hoping to spend $33,806 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: 52/26/22 Blend
66$10,800,000$10,800,000$10,800,000$10,800,000
67$11,903,823$11,331,423$11,164,023$12,450,100
68$13,082,043$11,850,693$11,502,048$13,346,544
69$14,379,310$12,394,275$11,850,265$14,317,443
70$15,807,728$12,963,323$12,208,977$15,372,832
71$17,380,640$13,559,050$12,578,501$16,520,759
72$19,112,745$14,182,723$12,959,161$17,770,066
73$21,020,242$14,835,673$13,351,290$19,130,476
74$23,120,981$15,519,295$13,755,233$20,612,676
75$25,434,630$16,235,050$14,171,342$22,228,415
76$27,982,864$16,984,469$14,599,984$23,990,615
77$30,789,566$17,769,158$15,041,533$25,913,484
78$33,881,053$18,590,798$15,496,376$28,012,652
79$37,286,327$19,451,154$15,964,911$30,305,307
80$41,037,345$20,352,073$16,447,548$32,810,361
81$45,169,323$21,295,494$16,944,710$35,548,619
82$49,721,068$22,283,447$17,456,831$38,542,969
83$54,735,341$23,318,060$17,984,359$41,818,601
84$60,259,266$24,401,565$18,527,755$45,403,230
85$66,344,770$25,536,300$19,087,494$49,327,359
86$73,049,076$26,724,718$19,664,065$53,624,559
87$80,435,241$27,969,389$20,257,970$58,331,779
88$88,572,752$29,273,006$20,869,729$63,489,692
89$97,538,183$30,638,393$21,499,875$69,143,069
90$107,415,914$32,068,511$22,148,958$75,341,195
91$118,298,933$33,566,463$22,817,543$82,138,332
92$130,289,707$35,135,503$23,506,214$89,594,217
93$143,501,155$36,779,041$24,215,570$97,774,625
94$158,057,710$38,500,651$24,946,229$106,751,975
95$174,096,497$40,304,083$25,698,827$116,606,013
96$191,768,622$42,193,265$26,474,020$127,424,550
97$211,240,603$44,172,318$27,272,482$139,304,285
98$232,695,942$46,245,558$28,094,907$152,351,707
99$256,336,852$48,417,514$28,942,011$166,684,089
100$282,386,171$50,692,933$29,814,529$182,430,590