Can I retire at age 67 with 9,700,000?

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 $9,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$801,017$793,882$786,921$780,126$773,492$759,428
2 years$396,543$389,158$382,000$375,061$368,329$354,211
3 years$261,736$254,319$247,180$240,305$233,683$219,950
4 years$194,346$186,951$179,883$173,126$166,665$153,422
5 years$153,922$146,572$139,597$132,978$126,696$113,982
6 years$126,982$119,687$112,815$106,343$100,250$88,079
7 years$107,746$100,513$93,750$87,431$81,530$69,905
8 years$93,326$86,158$79,507$73,343$67,637$56,555
9 years$82,117$75,016$68,480$62,472$56,960$46,415
10 years$73,154$66,123$59,702$53,852$48,533$38,515
11 years$65,826$58,866$52,561$46,867$41,740$32,238
12 years$59,723$52,835$46,646$41,109$36,171$27,171
13 years$54,564$47,747$41,675$36,293$31,542$23,031
14 years$50,145$43,401$37,446$32,217$27,649$19,612
15 years$46,319$39,647$33,808$28,732$24,345$16,765
16 years$42,975$36,376$30,652$25,726$21,516$14,377
17 years$40,027$33,501$27,892$23,115$19,078$12,363
18 years$37,409$30,956$25,462$20,831$16,963$10,655
19 years$35,070$28,690$23,309$18,823$15,119$9,201
20 years$32,967$26,660$21,392$17,047$13,505$7,959
21 years$31,067$24,833$19,677$15,472$12,085$6,894
22 years$29,342$23,180$18,135$14,067$10,833$5,979
23 years$27,770$21,680$16,744$12,811$9,724$5,190
24 years$26,330$20,313$15,486$11,685$8,740$4,510
25 years$25,008$19,063$14,343$10,671$7,865$3,922
26 years$23,790$17,916$13,302$9,757$7,084$3,413
27 years$22,663$16,861$12,352$8,931$6,387$2,972
28 years$21,619$15,888$11,483$8,183$5,763$2,589
29 years$20,649$14,988$10,686$7,504$5,204$2,256
30 years$19,745$14,155$9,954$6,887$4,702$1,967
31 years$18,901$13,381$9,280$6,325$4,251$1,716
32 years$18,111$12,661$8,658$5,813$3,846$1,497
33 years$17,371$11,990$8,084$5,345$3,480$1,306
34 years$16,676$11,364$7,553$4,918$3,151$1,140
35 years$16,022$10,779$7,062$4,527$2,854$995
36 years$15,406$10,231$6,606$4,170$2,586$869
37 years$14,824$9,717$6,183$3,842$2,344$759
38 years$14,275$9,234$5,790$3,541$2,125$663
39 years$13,754$8,781$5,425$3,265$1,927$579
40 years$13,261$8,354$5,085$3,011$1,748$506
41 years$12,794$7,953$4,768$2,778$1,586$442
42 years$12,350$7,574$4,472$2,564$1,439$386
43 years$11,927$7,216$4,197$2,367$1,306$337
44 years$11,525$6,879$3,939$2,186$1,185$295
45 years$11,142$6,559$3,699$2,018$1,076$257
46 years$10,776$6,257$3,474$1,864$977$225
47 years$10,428$5,971$3,264$1,723$887$197
48 years$10,094$5,701$3,067$1,592$806$172
49 years$9,776$5,444$2,883$1,471$732$150
50 years$9,471$5,200$2,710$1,360$665$131

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $9,700,000, adding $6,243 every year, while hoping to spend $49,366 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: 50/39/11 Blend
66$9,700,000$9,700,000$9,700,000$9,700,000
67$10,695,840$10,181,740$10,031,390$11,198,802
68$11,734,290$10,628,120$10,314,916$11,990,191
69$12,877,008$11,094,718$10,606,286$12,843,966
70$14,134,577$11,582,473$10,905,711$13,770,597
71$15,518,657$12,092,368$11,213,405$14,776,939
72$17,042,098$12,625,431$11,529,592$15,870,516
73$18,719,056$13,182,742$11,854,498$17,059,596
74$20,565,132$13,765,428$12,188,356$18,353,264
75$22,597,515$14,374,674$12,531,405$19,761,502
76$24,835,145$15,011,716$12,883,891$21,295,281
77$27,298,893$15,677,854$13,246,064$22,966,660
78$30,011,756$16,374,445$13,618,183$24,788,895
79$32,999,075$17,102,912$14,000,512$26,776,563
80$36,288,773$17,864,747$14,393,322$28,945,690
81$39,911,620$18,661,512$14,796,890$31,313,899
82$43,901,521$19,494,842$15,211,502$33,900,576
83$48,295,838$20,366,451$15,637,449$36,727,041
84$53,135,741$21,278,134$16,075,031$39,816,747
85$58,466,596$22,231,773$16,524,554$43,195,496
86$64,338,395$23,229,336$16,986,333$46,891,675
87$70,806,227$24,272,888$17,460,690$50,936,518
88$77,930,794$25,364,592$17,947,955$55,364,396
89$85,778,991$26,506,713$18,448,468$60,213,134
90$94,424,530$27,701,624$18,962,574$65,524,356
91$103,948,641$28,951,812$19,490,629$71,343,879
92$114,440,835$30,259,884$20,032,997$77,722,132
93$125,999,750$31,628,567$20,590,052$84,714,622
94$138,734,081$33,060,724$21,162,176$92,382,455
95$152,763,608$34,559,351$21,749,760$100,792,900
96$168,220,325$36,127,588$22,353,205$110,020,018
97$185,249,684$37,768,725$22,972,923$120,145,344
98$204,011,970$39,486,211$23,609,335$131,258,655
99$224,683,815$41,283,659$24,262,871$143,458,802
100$247,459,860$43,164,854$24,933,973$156,854,632