Can I retire at age 67 with 9,200,000?

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 $9,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$759,727$752,960$746,358$739,913$733,621$716,468
2 years$376,103$369,098$362,310$355,728$349,343$332,159
3 years$248,244$241,210$234,438$227,918$221,638$204,960
4 years$184,328$177,315$170,611$164,202$158,074$142,030
5 years$145,988$139,017$132,401$126,123$120,165$104,801
6 years$120,436$113,518$107,000$100,862$95,083$80,414
7 years$102,192$95,332$88,917$82,924$77,328$63,356
8 years$88,516$81,717$75,409$69,563$64,151$50,871
9 years$77,884$71,149$64,950$59,252$54,024$41,426
10 years$69,383$62,715$56,625$51,076$46,031$34,100
11 years$62,433$55,831$49,851$44,451$39,588$28,309
12 years$56,645$50,111$44,242$38,990$34,307$23,659
13 years$51,751$45,286$39,527$34,422$29,916$19,881
14 years$47,560$41,164$35,515$30,556$26,224$16,781
15 years$43,932$37,604$32,066$27,251$23,090$14,216
16 years$40,759$34,501$29,072$24,400$20,407$12,080
17 years$37,963$31,774$26,455$21,923$18,094$10,291
18 years$35,481$29,360$24,150$19,757$16,088$8,785
19 years$33,262$27,211$22,108$17,852$14,340$7,514
20 years$31,268$25,286$20,289$16,169$12,809$6,436
21 years$29,466$23,553$18,662$14,674$11,462$5,519
22 years$27,830$21,986$17,200$13,342$10,274$4,739
23 years$26,338$20,563$15,881$12,151$9,223$4,073
24 years$24,973$19,266$14,688$11,082$8,290$3,503
25 years$23,719$18,080$13,604$10,121$7,460$3,015
26 years$22,563$16,992$12,617$9,254$6,719$2,596
27 years$21,495$15,992$11,716$8,471$6,058$2,237
28 years$20,505$15,069$10,891$7,761$5,466$1,928
29 years$19,585$14,216$10,135$7,117$4,936$1,663
30 years$18,727$13,425$9,441$6,532$4,460$1,434
31 years$17,927$12,691$8,801$5,999$4,032$1,237
32 years$17,178$12,009$8,212$5,513$3,647$1,068
33 years$16,476$11,372$7,667$5,070$3,301$922
34 years$15,817$10,778$7,164$4,664$2,989$796
35 years$15,196$10,223$6,698$4,294$2,707$687
36 years$14,612$9,703$6,266$3,955$2,453$593
37 years$14,060$9,216$5,864$3,644$2,223$513
38 years$13,539$8,758$5,492$3,358$2,015$443
39 years$13,045$8,328$5,145$3,097$1,827$382
40 years$12,578$7,924$4,823$2,856$1,658$330
41 years$12,134$7,543$4,522$2,635$1,504$285
42 years$11,713$7,183$4,242$2,432$1,365$247
43 years$11,312$6,844$3,980$2,245$1,238$213
44 years$10,931$6,524$3,736$2,073$1,124$184
45 years$10,568$6,221$3,508$1,914$1,020$159
46 years$10,221$5,935$3,295$1,768$927$137
47 years$9,890$5,664$3,096$1,634$841$119
48 years$9,574$5,407$2,909$1,510$764$103
49 years$9,272$5,163$2,734$1,395$694$89
50 years$8,982$4,932$2,571$1,290$630$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $9,200,000, adding $5,540 every year, while hoping to spend $58,661 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: 46/34/20 Blend
66$9,200,000$9,200,000$9,200,000$9,200,000
67$10,144,115$9,656,515$9,513,915$10,552,472
68$11,116,399$10,067,269$9,770,216$11,249,607
69$12,185,891$10,496,184$10,033,137$11,999,215
70$13,362,443$10,944,088$10,302,838$12,811,272
71$14,656,912$11,411,848$10,579,483$13,691,625
72$16,081,258$11,900,370$10,863,237$14,646,694
73$17,648,662$12,410,604$11,154,271$15,683,536
74$19,373,645$12,943,543$11,452,759$16,809,901
75$21,272,209$13,500,228$11,758,878$18,034,310
76$23,361,983$14,081,748$12,072,809$19,366,124
77$25,662,394$14,689,243$12,394,737$20,815,637
78$28,194,849$15,323,906$12,724,851$22,394,165
79$30,982,932$15,986,987$13,063,343$24,114,150
80$34,052,635$16,679,793$13,410,408$25,989,272
81$37,432,595$17,403,694$13,766,248$28,034,581
82$41,154,369$18,160,123$14,131,066$30,266,625
83$45,252,728$18,950,583$14,505,071$32,703,611
84$49,765,989$19,776,645$14,888,474$35,365,566
85$54,736,374$20,639,954$15,281,491$38,274,525
86$60,210,407$21,542,235$15,684,344$41,454,733
87$66,239,355$22,485,291$16,097,256$44,932,868
88$72,879,712$23,471,013$16,520,457$48,738,290
89$80,193,729$24,501,379$16,954,179$52,903,310
90$88,250,006$25,578,463$17,398,660$57,463,489
91$97,124,132$26,704,434$17,854,142$62,457,971
92$106,899,408$27,881,565$18,320,869$67,929,844
93$117,667,623$29,112,237$18,799,093$73,926,539
94$129,529,926$30,398,943$19,289,069$80,500,272
95$142,597,781$31,744,293$19,791,056$87,708,532
96$156,994,016$33,151,024$20,305,317$95,614,613
97$172,853,980$34,622,000$20,832,120$104,288,204
98$190,326,829$36,160,220$21,371,738$113,806,041
99$209,576,922$37,768,828$21,924,449$124,252,620
100$230,785,383$39,451,115$22,490,533$135,720,989