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%12%
1 years$503,732$499,245$494,868$490,595$486,423$482,347
2 years$249,372$244,728$240,227$235,863$231,630$227,522
3 years$164,597$159,933$155,443$151,120$146,955$142,943
4 years$122,217$117,567$113,123$108,873$104,810$100,924
5 years$96,796$92,174$87,788$83,625$79,675$75,926
6 years$79,855$75,267$70,946$66,876$63,044$59,438
7 years$67,758$63,209$58,956$54,982$51,272$47,809
8 years$58,690$54,182$49,999$46,123$42,535$39,216
9 years$51,640$47,175$43,064$39,287$35,820$32,645
10 years$46,004$41,583$37,545$33,866$30,521$27,486
11 years$41,396$37,019$33,054$29,473$26,249$23,353
12 years$37,558$33,226$29,334$25,852$22,747$19,987
13 years$34,313$30,026$26,208$22,823$19,836$17,209
14 years$31,535$27,293$23,548$20,260$17,388$14,891
15 years$29,129$24,933$21,261$18,068$15,310$12,939
16 years$27,025$22,875$19,276$16,178$13,531$11,282
17 years$25,171$21,067$17,540$14,536$11,997$9,867
18 years$23,525$19,467$16,012$13,100$10,667$8,652
19 years$22,054$18,042$14,658$11,837$9,508$7,603
20 years$20,732$16,766$13,453$10,721$8,493$6,694
21 years$19,537$15,616$12,374$9,730$7,600$5,904
22 years$18,452$14,577$11,405$8,846$6,812$5,214
23 years$17,463$13,634$10,530$8,057$6,115$4,611
24 years$16,558$12,774$9,739$7,348$5,496$4,082
25 years$15,727$11,988$9,020$6,711$4,946$3,618
26 years$14,960$11,267$8,365$6,136$4,455$3,209
27 years$14,252$10,603$7,768$5,616$4,017$2,848
28 years$13,596$9,991$7,221$5,146$3,624$2,529
29 years$12,985$9,426$6,720$4,719$3,273$2,248
30 years$12,417$8,902$6,260$4,331$2,957$1,999
31 years$11,886$8,415$5,836$3,977$2,673$1,778
32 years$11,390$7,962$5,445$3,655$2,418$1,582
33 years$10,924$7,540$5,084$3,361$2,189$1,409
34 years$10,487$7,147$4,750$3,093$1,982$1,254
35 years$10,076$6,778$4,441$2,847$1,795$1,117
36 years$9,688$6,434$4,154$2,622$1,626$996
37 years$9,322$6,111$3,888$2,416$1,474$887
38 years$8,977$5,807$3,641$2,227$1,336$791
39 years$8,650$5,522$3,412$2,053$1,212$705
40 years$8,340$5,254$3,198$1,894$1,099$629
41 years$8,046$5,001$2,998$1,747$997$561
42 years$7,766$4,763$2,813$1,613$905$500
43 years$7,501$4,538$2,639$1,489$821$446
44 years$7,248$4,326$2,477$1,374$745$398
45 years$7,007$4,125$2,326$1,269$677$355
46 years$6,777$3,935$2,185$1,172$614$317
47 years$6,558$3,755$2,053$1,083$558$283
48 years$6,348$3,585$1,929$1,001$507$252
49 years$6,148$3,423$1,813$925$460$225
50 years$5,956$3,270$1,704$855$418$201

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 $6,817 every year, while hoping to spend $49,266 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: 77/18/5 Blend
66$6,100,000$6,100,000$6,100,000$6,100,000
67$6,729,232$6,405,932$6,311,382$7,245,105
68$7,363,195$6,667,404$6,470,394$7,845,929
69$8,060,171$6,940,037$6,633,083$8,497,374
70$8,826,535$7,224,325$6,799,518$9,210,096
71$9,669,312$7,520,788$6,969,772$9,990,158
72$10,596,240$7,829,964$7,143,917$10,844,232
73$11,615,845$8,152,421$7,322,027$11,779,665
74$12,737,521$8,488,750$7,504,176$12,804,542
75$13,971,620$8,839,570$7,690,437$13,927,768
76$15,329,545$9,205,529$7,880,887$15,159,147
77$16,823,863$9,587,304$8,075,600$16,509,472
78$18,468,418$9,985,603$8,274,654$17,990,630
79$20,278,466$10,401,167$8,478,124$19,615,710
80$22,270,817$10,834,771$8,686,089$21,399,125
81$24,463,991$11,287,227$8,898,624$23,356,750
82$26,878,399$11,759,381$9,115,808$25,506,067
83$29,536,526$12,252,122$9,337,719$27,866,328
84$32,463,154$12,766,378$9,564,434$30,458,740
85$35,685,586$13,303,120$9,796,032$33,306,659
86$39,233,908$13,863,365$10,032,592$36,435,811
87$43,141,273$14,448,177$10,274,190$39,874,532
88$47,444,213$15,058,667$10,520,906$43,654,036
89$52,182,982$15,696,002$10,772,816$47,808,704
90$57,401,939$16,361,399$11,029,998$52,376,410
91$63,149,963$17,056,133$11,292,529$57,398,875
92$69,480,916$17,781,540$11,560,485$62,922,059
93$76,454,150$18,539,016$11,833,942$68,996,594
94$84,135,068$19,330,023$12,112,974$75,678,257
95$92,595,742$20,156,091$12,397,656$83,028,495
96$101,915,590$21,018,822$12,688,060$91,115,006
97$112,182,127$21,919,892$12,984,257$100,012,370
98$123,491,793$22,861,055$13,286,318$109,802,754
99$135,950,857$23,844,148$13,594,311$120,576,685
100$149,676,428$24,871,095$13,908,304$132,433,899