Can I retire at age 67 with 6,100,000?

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 $6,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$503,732$499,245$494,868$490,595$486,423$471,607
2 years$249,372$244,728$240,227$235,863$231,630$216,831
3 years$164,597$159,933$155,443$151,120$146,955$132,637
4 years$122,217$117,567$113,123$108,873$104,810$91,082
5 years$96,796$92,174$87,788$83,625$79,675$66,574
6 years$79,855$75,267$70,946$66,876$63,044$50,582
7 years$67,758$63,209$58,956$54,982$51,272$39,447
8 years$58,690$54,182$49,999$46,123$42,535$31,341
9 years$51,640$47,175$43,064$39,287$35,820$25,246
10 years$46,004$41,583$37,545$33,866$30,521$20,549
11 years$41,396$37,019$33,054$29,473$26,249$16,863
12 years$37,558$33,226$29,334$25,852$22,747$13,928
13 years$34,313$30,026$26,208$22,823$19,836$11,563
14 years$31,535$27,293$23,548$20,260$17,388$9,640
15 years$29,129$24,933$21,261$18,068$15,310$8,064
16 years$27,025$22,875$19,276$16,178$13,531$6,764
17 years$25,171$21,067$17,540$14,536$11,997$5,687
18 years$23,525$19,467$16,012$13,100$10,667$4,791
19 years$22,054$18,042$14,658$11,837$9,508$4,043
20 years$20,732$16,766$13,453$10,721$8,493$3,416
21 years$19,537$15,616$12,374$9,730$7,600$2,889
22 years$18,452$14,577$11,405$8,846$6,812$2,446
23 years$17,463$13,634$10,530$8,057$6,115$2,073
24 years$16,558$12,774$9,739$7,348$5,496$1,757
25 years$15,727$11,988$9,020$6,711$4,946$1,491
26 years$14,960$11,267$8,365$6,136$4,455$1,265
27 years$14,252$10,603$7,768$5,616$4,017$1,075
28 years$13,596$9,991$7,221$5,146$3,624$913
29 years$12,985$9,426$6,720$4,719$3,273$776
30 years$12,417$8,902$6,260$4,331$2,957$659
31 years$11,886$8,415$5,836$3,977$2,673$560
32 years$11,390$7,962$5,445$3,655$2,418$476
33 years$10,924$7,540$5,084$3,361$2,189$405
34 years$10,487$7,147$4,750$3,093$1,982$344
35 years$10,076$6,778$4,441$2,847$1,795$293
36 years$9,688$6,434$4,154$2,622$1,626$249
37 years$9,322$6,111$3,888$2,416$1,474$212
38 years$8,977$5,807$3,641$2,227$1,336$180
39 years$8,650$5,522$3,412$2,053$1,212$153
40 years$8,340$5,254$3,198$1,894$1,099$131
41 years$8,046$5,001$2,998$1,747$997$111
42 years$7,766$4,763$2,813$1,613$905$95
43 years$7,501$4,538$2,639$1,489$821$80
44 years$7,248$4,326$2,477$1,374$745$68
45 years$7,007$4,125$2,326$1,269$677$58
46 years$6,777$3,935$2,185$1,172$614$50
47 years$6,558$3,755$2,053$1,083$558$42
48 years$6,348$3,585$1,929$1,001$507$36
49 years$6,148$3,423$1,813$925$460$31
50 years$5,956$3,270$1,704$855$418$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $6,100,000, adding $3,538 every year, while hoping to spend $49,720 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: 28/43/29 Blend
66$6,100,000$6,100,000$6,100,000$6,100,000
67$6,725,849$6,402,549$6,307,999$6,853,712
68$7,358,984$6,663,373$6,466,416$7,217,557
69$8,055,033$6,935,310$6,628,473$7,603,662
70$8,820,359$7,218,853$6,794,239$8,017,494
71$9,661,976$7,514,517$6,963,786$8,461,469
72$10,587,608$7,822,839$7,137,184$8,938,236
73$11,605,769$8,144,383$7,314,505$9,450,696
74$12,725,836$8,479,736$7,495,819$10,002,030
75$13,958,143$8,829,515$7,681,200$10,595,725
76$15,314,074$9,194,362$7,870,722$11,235,608
77$16,806,175$9,574,951$8,064,456$11,925,875
78$18,448,267$9,971,986$8,262,478$12,671,131
79$20,255,580$10,386,203$8,464,861$13,476,428
80$22,244,896$10,818,373$8,671,680$14,347,316
81$24,434,704$11,269,302$8,883,009$15,289,886
82$26,845,378$11,739,832$9,098,925$16,310,827
83$29,499,368$12,230,846$9,319,501$17,417,486
84$32,421,412$12,743,266$9,544,812$18,617,936
85$35,638,768$13,278,058$9,774,935$19,921,045
86$39,181,470$13,836,230$10,009,944$21,336,560
87$43,082,616$14,418,842$10,249,912$22,875,191
88$47,378,675$15,026,997$10,494,916$24,548,713
89$52,109,833$15,661,853$10,745,029$26,370,070
90$57,320,373$16,324,621$11,000,325$28,353,495
91$63,059,091$17,016,568$11,260,876$30,514,637
92$69,379,758$17,739,019$11,526,755$32,870,708
93$76,341,625$18,493,362$11,798,033$35,440,637
94$84,009,984$19,281,050$12,074,780$38,245,249
95$92,456,784$20,103,603$12,357,067$41,307,449
96$101,761,307$20,962,611$12,644,959$44,652,439
97$112,010,920$21,859,738$12,938,525$48,307,949
98$123,301,897$22,796,729$13,237,830$52,304,490
99$135,740,329$23,775,407$13,542,935$56,675,641
100$149,443,123$24,797,682$13,853,903$61,458,353