Can I retire at age 67 with 6,000,000?

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 $6,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$495,474$491,061$486,755$482,552$478,448$459,647
2 years$245,284$240,716$236,289$231,996$227,833$209,121
3 years$161,899$157,311$152,895$148,642$144,546$126,513
4 years$120,214$115,640$111,268$107,088$103,092$85,874
5 years$95,210$90,663$86,349$82,254$78,369$62,011
6 years$78,545$74,033$69,782$65,779$62,010$46,523
7 years$66,647$62,173$57,990$54,081$50,431$35,808
8 years$57,728$53,294$49,180$45,367$41,837$28,065
9 years$50,794$46,402$42,359$38,643$35,233$22,291
10 years$45,250$40,901$36,929$33,310$30,020$17,883
11 years$40,717$36,412$32,512$28,990$25,819$14,458
12 years$36,942$32,681$28,853$25,428$22,374$11,759
13 years$33,751$29,534$25,779$22,449$19,510$9,611
14 years$31,018$26,846$23,162$19,928$17,103$7,885
15 years$28,651$24,524$20,912$17,772$15,059$6,489
16 years$26,582$22,500$18,960$15,913$13,309$5,353
17 years$24,759$20,722$17,253$14,298$11,801$4,425
18 years$23,140$19,148$15,750$12,885$10,492$3,664
19 years$21,693$17,746$14,418$11,643$9,352$3,039
20 years$20,392$16,491$13,232$10,545$8,354$2,522
21 years$19,217$15,360$12,171$9,570$7,475$2,096
22 years$18,150$14,338$11,218$8,701$6,701$1,743
23 years$17,177$13,410$10,357$7,925$6,015$1,450
24 years$16,287$12,565$9,579$7,228$5,406$1,207
25 years$15,469$11,791$8,872$6,601$4,865$1,006
26 years$14,715$11,082$8,228$6,035$4,382$838
27 years$14,018$10,429$7,641$5,524$3,951$698
28 years$13,373$9,828$7,103$5,061$3,565$582
29 years$12,773$9,271$6,610$4,641$3,219$485
30 years$12,213$8,756$6,157$4,260$2,909$405
31 years$11,691$8,277$5,740$3,912$2,630$338
32 years$11,203$7,832$5,355$3,595$2,379$282
33 years$10,745$7,417$5,000$3,306$2,153$235
34 years$10,315$7,029$4,672$3,042$1,949$196
35 years$9,911$6,667$4,368$2,800$1,765$164
36 years$9,529$6,328$4,086$2,579$1,599$137
37 years$9,170$6,010$3,825$2,376$1,450$114
38 years$8,830$5,712$3,582$2,190$1,314$95
39 years$8,508$5,432$3,356$2,020$1,192$79
40 years$8,203$5,168$3,145$1,863$1,081$66
41 years$7,914$4,919$2,949$1,719$981$55
42 years$7,639$4,685$2,766$1,586$890$46
43 years$7,378$4,464$2,596$1,464$808$39
44 years$7,129$4,255$2,437$1,352$733$32
45 years$6,892$4,057$2,288$1,248$666$27
46 years$6,666$3,871$2,149$1,153$604$22
47 years$6,450$3,694$2,019$1,065$549$19
48 years$6,244$3,526$1,897$985$498$16
49 years$6,047$3,367$1,783$910$453$13
50 years$5,858$3,217$1,677$841$411$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $6,000,000, adding $3,249 every year, while hoping to spend $22,268 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: 38/35/27 Blend
66$6,000,000$6,000,000$6,000,000$6,000,000
67$6,615,351$6,297,351$6,204,351$6,813,393
68$7,266,424$6,582,229$6,388,504$7,243,772
69$7,983,160$6,880,318$6,578,080$7,706,305
70$8,772,233$7,192,245$6,773,236$8,205,768
71$9,640,998$7,518,662$6,974,136$8,745,528
72$10,597,557$7,860,254$7,180,948$9,329,275
73$11,650,841$8,217,739$7,393,842$9,961,061
74$12,810,688$8,591,869$7,612,997$10,645,331
75$14,087,940$8,983,433$7,838,595$11,386,966
76$15,494,545$9,393,257$8,070,823$12,191,325
77$17,043,667$9,822,205$8,309,874$13,064,292
78$18,749,813$10,271,184$8,555,946$14,012,330
79$20,628,969$10,741,147$8,809,245$15,042,539
80$22,698,748$11,233,087$9,069,979$16,162,721
81$24,978,562$11,748,050$9,338,365$17,381,446
82$27,489,799$12,287,129$9,614,624$18,708,136
83$30,256,031$12,851,471$9,898,987$20,153,147
84$33,303,231$13,442,277$10,191,687$21,727,860
85$36,660,018$14,060,807$10,492,967$23,444,792
86$40,357,934$14,708,380$10,803,075$25,317,704
87$44,431,733$15,386,380$11,122,267$27,361,729
88$48,919,714$16,096,257$11,450,807$29,593,512
89$53,864,081$16,839,530$11,788,966$32,031,360
90$59,311,342$17,617,792$12,137,021$34,695,410
91$65,312,747$18,432,712$12,495,259$37,607,816
92$71,924,772$19,286,040$12,863,976$40,792,955
93$79,209,653$20,179,610$13,243,473$44,277,645
94$87,235,972$21,115,344$13,634,063$48,091,398
95$96,079,303$22,095,258$14,036,066$52,266,692
96$105,822,929$23,121,464$14,449,812$56,839,271
97$116,558,627$24,196,175$14,875,640$61,848,472
98$128,387,532$25,321,712$15,313,899$67,337,598
99$141,421,092$26,500,508$15,764,946$73,354,313
100$155,782,124$27,735,113$16,229,152$79,951,085