Can I retire at age 67 with 8,000,000?

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 $8,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$660,633$654,748$649,007$643,403$637,931$617,758
2 years$327,046$320,955$315,052$309,328$303,777$283,635
3 years$215,865$209,748$203,859$198,190$192,728$173,251
4 years$160,285$154,187$148,357$142,785$137,456$118,791
5 years$126,946$120,884$115,131$109,672$104,492$86,690
6 years$104,727$98,711$93,043$87,706$82,681$65,758
7 years$88,863$82,897$77,319$72,108$67,241$51,195
8 years$76,970$71,058$65,573$60,489$55,783$40,603
9 years$67,725$61,869$56,478$51,524$46,978$32,646
10 years$60,333$54,535$49,239$44,414$40,027$26,523
11 years$54,289$48,549$43,349$38,653$34,425$21,724
12 years$49,256$43,575$38,471$33,904$29,832$17,907
13 years$45,001$39,379$34,371$29,932$26,014$14,836
14 years$41,357$35,794$30,883$26,571$22,804$12,343
15 years$38,201$32,699$27,883$23,696$20,078$10,303
16 years$35,443$30,001$25,280$21,217$17,745$8,624
17 years$33,012$27,629$23,004$19,064$15,734$7,235
18 years$30,853$25,531$21,000$17,180$13,990$6,081
19 years$28,924$23,662$19,224$15,524$12,470$5,120
20 years$27,189$21,988$17,643$14,060$11,138$4,316
21 years$25,622$20,481$16,228$12,760$9,967$3,642
22 years$24,200$19,118$14,957$11,602$8,934$3,076
23 years$22,903$17,881$13,810$10,566$8,020$2,600
24 years$21,716$16,753$12,772$9,637$7,208$2,200
25 years$20,625$15,722$11,829$8,801$6,487$1,862
26 years$19,620$14,776$10,971$8,047$5,843$1,576
27 years$18,691$13,906$10,188$7,366$5,268$1,335
28 years$17,830$13,103$9,471$6,749$4,753$1,131
29 years$17,030$12,362$8,813$6,189$4,292$959
30 years$16,285$11,674$8,209$5,680$3,878$813
31 years$15,589$11,036$7,653$5,216$3,506$689
32 years$14,937$10,442$7,141$4,794$3,172$585
33 years$14,327$9,889$6,667$4,408$2,870$496
34 years$13,753$9,373$6,229$4,056$2,599$421
35 years$13,214$8,890$5,824$3,734$2,354$357
36 years$12,706$8,438$5,448$3,439$2,133$303
37 years$12,226$8,014$5,100$3,168$1,933$257
38 years$11,773$7,616$4,775$2,920$1,752$218
39 years$11,344$7,242$4,474$2,693$1,589$185
40 years$10,937$6,890$4,194$2,484$1,441$157
41 years$10,552$6,559$3,932$2,291$1,308$133
42 years$10,185$6,246$3,689$2,115$1,187$113
43 years$9,837$5,952$3,461$1,952$1,077$96
44 years$9,505$5,673$3,249$1,803$977$82
45 years$9,189$5,410$3,051$1,665$887$69
46 years$8,888$5,161$2,865$1,538$806$59
47 years$8,600$4,925$2,692$1,421$732$50
48 years$8,325$4,702$2,530$1,313$664$42
49 years$8,062$4,490$2,378$1,213$603$36
50 years$7,811$4,289$2,235$1,121$548$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $8,000,000, adding $3,005 every year, while hoping to spend $28,772 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: 59/34/7 Blend
66$8,000,000$8,000,000$8,000,000$8,000,000
67$8,819,100$8,395,100$8,271,100$9,326,326
68$9,688,035$8,775,846$8,517,568$10,047,587
69$10,644,637$9,174,285$8,771,329$10,830,093
70$11,697,817$9,591,253$9,032,597$11,682,546
71$12,857,397$10,027,626$9,301,590$12,611,659
72$14,134,194$10,484,323$9,578,537$13,624,813
73$15,540,134$10,962,307$9,863,670$14,730,119
74$17,088,353$11,462,586$10,157,229$15,936,496
75$18,793,330$11,986,217$10,459,460$17,253,753
76$20,671,015$12,534,307$10,770,618$18,692,674
77$22,738,989$13,108,018$11,090,964$20,265,122
78$25,016,621$13,708,567$11,420,766$21,984,145
79$27,525,257$14,337,227$11,760,302$23,864,096
80$30,288,417$14,995,335$12,109,856$25,920,764
81$33,332,021$15,684,291$12,469,722$28,171,522
82$36,684,628$16,405,563$12,840,199$30,635,486
83$40,377,714$17,160,689$13,221,599$33,333,690
84$44,445,958$17,951,280$13,614,240$36,289,280
85$48,927,579$18,779,027$14,018,451$39,527,733
86$53,864,692$19,645,699$14,434,569$43,077,086
87$59,303,706$20,553,153$14,862,941$46,968,200
88$65,295,760$21,503,334$15,303,926$51,235,046
89$71,897,211$22,498,280$15,757,891$55,915,019
90$79,170,160$23,540,130$16,225,214$61,049,286
91$87,183,042$24,631,122$16,706,284$66,683,169
92$96,011,270$25,773,605$17,201,503$72,866,567
93$105,737,947$26,970,039$17,711,281$79,654,419
94$116,454,652$28,223,005$18,236,043$87,107,219
95$128,262,301$29,535,206$18,776,224$95,291,576
96$141,272,102$30,909,478$19,332,274$104,280,840
97$155,606,605$32,348,791$19,904,654$114,155,783
98$171,400,856$33,856,259$20,493,838$125,005,355
99$188,803,676$35,435,149$21,100,314$136,927,517
100$207,979,062$37,088,882$21,724,585$150,030,152