Can I retire at age 67 with 9,600,000?

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 $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$792,759$785,698$778,808$772,084$765,517$750,675
2 years$392,455$385,146$378,062$371,194$364,532$349,639
3 years$259,038$251,697$244,631$237,828$231,274$216,795
4 years$192,342$185,024$178,029$171,341$164,947$150,992
5 years$152,335$145,061$138,158$131,607$125,390$112,000
6 years$125,673$118,453$111,652$105,247$99,217$86,407
7 years$106,636$99,477$92,783$86,529$80,690$68,462
8 years$92,364$85,270$78,688$72,587$66,940$55,292
9 years$81,270$74,243$67,774$61,828$56,373$45,297
10 years$72,400$65,441$59,087$53,297$48,033$37,518
11 years$65,147$58,259$52,019$46,384$41,310$31,344
12 years$59,108$52,290$46,165$40,685$35,798$26,367
13 years$54,001$47,255$41,246$35,919$31,217$22,305
14 years$49,628$42,953$37,060$31,885$27,364$18,955
15 years$45,842$39,239$33,460$28,435$24,094$16,170
16 years$42,532$36,001$30,336$25,461$21,294$13,838
17 years$39,614$33,155$27,605$22,876$18,881$11,873
18 years$37,024$30,637$25,200$20,616$16,788$10,211
19 years$34,708$28,394$23,069$18,629$14,963$8,798
20 years$32,627$26,385$21,172$16,872$13,366$7,593
21 years$30,747$24,577$19,474$15,312$11,961$6,562
22 years$29,040$22,941$17,948$13,922$10,721$5,678
23 years$27,483$21,457$16,572$12,679$9,624$4,918
24 years$26,059$20,104$15,326$11,564$8,650$4,263
25 years$24,750$18,866$14,195$10,561$7,784$3,698
26 years$23,544$17,731$13,165$9,657$7,011$3,211
27 years$22,430$16,687$12,225$8,839$6,321$2,789
28 years$21,396$15,724$11,365$8,098$5,704$2,423
29 years$20,436$14,834$10,576$7,426$5,150$2,107
30 years$19,541$14,009$9,851$6,816$4,654$1,832
31 years$18,706$13,243$9,184$6,260$4,207$1,594
32 years$17,925$12,531$8,569$5,753$3,806$1,387
33 years$17,192$11,867$8,001$5,290$3,444$1,208
34 years$16,504$11,247$7,475$4,867$3,118$1,051
35 years$15,857$10,668$6,989$4,481$2,825$915
36 years$15,247$10,125$6,538$4,127$2,559$797
37 years$14,671$9,617$6,119$3,802$2,319$694
38 years$14,127$9,139$5,731$3,504$2,103$605
39 years$13,613$8,690$5,369$3,231$1,907$527
40 years$13,125$8,268$5,032$2,980$1,730$459
41 years$12,662$7,871$4,719$2,750$1,569$400
42 years$12,222$7,496$4,426$2,538$1,424$349
43 years$11,804$7,142$4,153$2,343$1,292$304
44 years$11,406$6,808$3,899$2,163$1,173$265
45 years$11,027$6,492$3,661$1,998$1,065$231
46 years$10,665$6,193$3,438$1,845$967$201
47 years$10,320$5,910$3,230$1,705$878$175
48 years$9,990$5,642$3,036$1,575$797$153
49 years$9,675$5,388$2,853$1,456$724$133
50 years$9,373$5,146$2,682$1,346$658$116

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $9,600,000, adding $4,049 every year, while hoping to spend $56,526 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: 26/48/26 Blend
66$9,600,000$9,600,000$9,600,000$9,600,000
67$10,583,377$10,074,577$9,925,777$10,772,010
68$11,602,738$10,508,088$10,198,147$11,359,326
69$12,724,179$10,960,946$10,477,747$11,983,908
70$13,958,054$11,434,041$10,764,760$12,652,888
71$15,315,767$11,928,301$11,059,371$13,370,053
72$16,809,889$12,444,701$11,361,773$14,139,547
73$18,454,266$12,984,259$11,672,161$14,965,903
74$20,264,157$13,548,044$11,990,735$15,854,084
75$22,256,375$14,137,172$12,317,698$16,809,524
76$24,449,445$14,752,814$12,653,261$17,838,178
77$26,863,781$15,396,194$12,997,638$18,946,569
78$29,521,874$16,068,595$13,351,046$20,141,844
79$32,448,510$16,771,361$13,713,711$21,431,844
80$35,670,997$17,505,897$14,085,860$22,825,161
81$39,219,430$18,273,677$14,467,727$24,331,224
82$43,126,967$19,076,242$14,859,551$25,960,373
83$47,430,149$19,915,209$15,261,577$27,723,957
84$52,169,238$20,792,269$15,674,054$29,634,432
85$57,388,603$21,709,192$16,097,237$31,705,470
86$63,137,133$22,667,836$16,531,388$33,952,084
87$69,468,703$23,670,141$16,976,771$36,390,760
88$76,442,677$24,718,145$17,433,659$39,039,605
89$84,124,474$25,813,978$17,902,331$41,918,511
90$92,586,181$26,959,873$18,383,069$45,049,333
91$101,907,233$28,158,169$18,876,164$48,456,086
92$112,175,167$29,411,315$19,381,911$52,165,165
93$123,486,441$30,721,877$19,900,613$56,205,581
94$135,947,353$32,092,543$20,432,577$60,609,224
95$149,675,033$33,526,128$20,978,120$65,411,160
96$164,798,561$35,025,583$21,537,560$70,649,943
97$181,460,173$36,593,995$22,111,228$76,367,971
98$199,816,613$38,234,603$22,699,456$82,611,873
99$220,040,606$39,950,797$23,302,586$89,432,939
100$242,322,491$41,746,130$23,920,967$96,887,587