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%13.6%
1 years$503,732$499,245$494,868$490,595$486,423$479,154
2 years$249,372$244,728$240,227$235,863$231,630$224,323
3 years$164,597$159,933$155,443$151,120$146,955$139,838
4 years$122,217$117,567$113,123$108,873$104,810$97,936
5 years$96,796$92,174$87,788$83,625$79,675$73,065
6 years$79,855$75,267$70,946$66,876$63,044$56,706
7 years$67,758$63,209$58,956$54,982$51,272$45,208
8 years$58,690$54,182$49,999$46,123$42,535$36,744
9 years$51,640$47,175$43,064$39,287$35,820$30,300
10 years$46,004$41,583$37,545$33,866$30,521$25,266
11 years$41,396$37,019$33,054$29,473$26,249$21,254
12 years$37,558$33,226$29,334$25,852$22,747$18,007
13 years$34,313$30,026$26,208$22,823$19,836$15,343
14 years$31,535$27,293$23,548$20,260$17,388$13,136
15 years$29,129$24,933$21,261$18,068$15,310$11,291
16 years$27,025$22,875$19,276$16,178$13,531$9,737
17 years$25,171$21,067$17,540$14,536$11,997$8,421
18 years$23,525$19,467$16,012$13,100$10,667$7,300
19 years$22,054$18,042$14,658$11,837$9,508$6,341
20 years$20,732$16,766$13,453$10,721$8,493$5,518
21 years$19,537$15,616$12,374$9,730$7,600$4,808
22 years$18,452$14,577$11,405$8,846$6,812$4,196
23 years$17,463$13,634$10,530$8,057$6,115$3,665
24 years$16,558$12,774$9,739$7,348$5,496$3,205
25 years$15,727$11,988$9,020$6,711$4,946$2,804
26 years$14,960$11,267$8,365$6,136$4,455$2,456
27 years$14,252$10,603$7,768$5,616$4,017$2,152
28 years$13,596$9,991$7,221$5,146$3,624$1,887
29 years$12,985$9,426$6,720$4,719$3,273$1,656
30 years$12,417$8,902$6,260$4,331$2,957$1,453
31 years$11,886$8,415$5,836$3,977$2,673$1,276
32 years$11,390$7,962$5,445$3,655$2,418$1,120
33 years$10,924$7,540$5,084$3,361$2,189$984
34 years$10,487$7,147$4,750$3,093$1,982$865
35 years$10,076$6,778$4,441$2,847$1,795$760
36 years$9,688$6,434$4,154$2,622$1,626$668
37 years$9,322$6,111$3,888$2,416$1,474$587
38 years$8,977$5,807$3,641$2,227$1,336$516
39 years$8,650$5,522$3,412$2,053$1,212$454
40 years$8,340$5,254$3,198$1,894$1,099$400
41 years$8,046$5,001$2,998$1,747$997$351
42 years$7,766$4,763$2,813$1,613$905$309
43 years$7,501$4,538$2,639$1,489$821$272
44 years$7,248$4,326$2,477$1,374$745$239
45 years$7,007$4,125$2,326$1,269$677$211
46 years$6,777$3,935$2,185$1,172$614$185
47 years$6,558$3,755$2,053$1,083$558$163
48 years$6,348$3,585$1,929$1,001$507$143
49 years$6,148$3,423$1,813$925$460$126
50 years$5,956$3,270$1,704$855$418$111

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 $5,406 every year, while hoping to spend $53,685 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: 66/10/24 Blend
66$6,100,000$6,100,000$6,100,000$6,100,000
67$6,727,776$6,404,476$6,309,926$7,129,742
68$7,356,889$6,661,175$6,464,188$7,657,532
69$8,048,372$6,928,653$6,621,819$8,227,763
70$8,808,530$7,207,381$6,782,874$8,849,977
71$9,644,310$7,497,853$6,947,410$9,529,292
72$10,563,365$7,800,583$7,115,484$10,271,342
73$11,574,126$8,116,110$7,287,151$11,082,332
74$12,685,884$8,444,996$7,462,467$11,969,090
75$13,908,874$8,787,831$7,641,490$12,939,137
76$15,254,374$9,145,229$7,824,274$14,000,754
77$16,734,808$9,517,833$8,010,875$15,163,060
78$18,363,868$9,906,317$8,201,349$16,436,095
79$20,156,639$10,311,382$8,395,751$17,830,921
80$22,129,741$10,733,765$8,594,134$19,359,716
81$24,301,490$11,174,234$8,796,552$21,035,894
82$26,692,064$11,633,594$9,003,058$22,874,231
83$29,323,698$12,112,684$9,213,705$24,891,000
84$32,220,895$12,612,385$9,428,543$27,104,126
85$35,410,650$13,133,616$9,647,623$29,533,354
86$38,922,712$13,677,338$9,870,994$32,200,433
87$42,789,859$14,244,559$10,098,703$35,129,321
88$47,048,212$14,836,329$10,330,797$38,346,412
89$51,737,572$15,453,751$10,567,320$41,880,780
90$56,901,794$16,097,976$10,808,316$45,764,456
91$62,589,208$16,770,207$11,053,826$50,032,724
92$68,853,066$17,471,706$11,303,888$54,724,461
93$75,752,050$18,203,791$11,558,539$59,882,494
94$83,350,824$18,967,841$11,817,815$65,554,007
95$91,720,642$19,765,300$12,081,746$71,790,985
96$100,940,025$20,597,677$12,350,362$78,650,705
97$111,095,498$21,466,553$12,623,689$86,196,268
98$122,282,405$22,373,581$12,901,749$94,497,202
99$134,605,815$23,320,491$13,184,562$103,630,110
100$148,181,507$24,309,093$13,472,143$113,679,396