Can I retire at age 67 with 6,200,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $6,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$511,990$507,430$502,980$498,637$494,397$474,781
2 years$253,460$248,740$244,165$239,729$235,427$215,908
3 years$167,295$162,554$157,991$153,597$149,365$130,556
4 years$124,221$119,495$114,977$110,658$106,528$88,574
5 years$98,383$93,685$89,227$84,996$80,981$63,927
6 years$81,164$76,501$72,109$67,972$64,077$47,934
7 years$68,869$64,245$59,923$55,883$52,112$36,873
8 years$59,652$55,070$50,819$46,879$43,232$28,882
9 years$52,487$47,949$43,770$39,931$36,408$22,926
10 years$46,758$42,264$38,160$34,421$31,021$18,380
11 years$42,074$37,625$33,596$29,956$26,679$14,850
12 years$38,174$33,771$29,815$26,276$23,120$12,071
13 years$34,876$30,519$26,638$23,198$20,161$9,858
14 years$32,052$27,741$23,934$20,592$17,673$8,082
15 years$29,606$25,342$21,609$18,365$15,561$6,646
16 years$27,468$23,250$19,592$16,443$13,752$5,479
17 years$25,584$21,413$17,828$14,774$12,194$4,526
18 years$23,911$19,786$16,275$13,315$10,842$3,745
19 years$22,416$18,338$14,899$12,031$9,664$3,103
20 years$21,072$17,040$13,673$10,896$8,632$2,574
21 years$19,857$15,872$12,577$9,889$7,725$2,137
22 years$18,755$14,816$11,591$8,991$6,924$1,776
23 years$17,750$13,857$10,703$8,189$6,215$1,477
24 years$16,830$12,984$9,898$7,469$5,587$1,228
25 years$15,985$12,184$9,168$6,821$5,027$1,022
26 years$15,206$11,451$8,503$6,237$4,528$851
27 years$14,486$10,777$7,895$5,708$4,083$709
28 years$13,818$10,155$7,340$5,230$3,684$590
29 years$13,198$9,580$6,830$4,796$3,326$492
30 years$12,621$9,048$6,362$4,402$3,006$410
31 years$12,081$8,553$5,931$4,043$2,717$342
32 years$11,576$8,093$5,534$3,715$2,458$285
33 years$11,103$7,664$5,167$3,416$2,224$237
34 years$10,659$7,264$4,828$3,143$2,014$198
35 years$10,241$6,890$4,514$2,894$1,824$165
36 years$9,847$6,539$4,222$2,665$1,653$138
37 years$9,475$6,211$3,952$2,455$1,498$115
38 years$9,124$5,902$3,701$2,263$1,358$96
39 years$8,791$5,613$3,467$2,087$1,232$80
40 years$8,476$5,340$3,250$1,925$1,117$67
41 years$8,177$5,083$3,047$1,776$1,013$55
42 years$7,894$4,841$2,859$1,639$920$46
43 years$7,624$4,612$2,682$1,513$835$39
44 years$7,366$4,397$2,518$1,397$758$32
45 years$7,122$4,193$2,364$1,290$688$27
46 years$6,888$4,000$2,221$1,192$624$22
47 years$6,665$3,817$2,086$1,101$567$19
48 years$6,452$3,644$1,960$1,017$515$16
49 years$6,248$3,480$1,843$940$468$13
50 years$6,053$3,324$1,732$869$425$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $6,200,000, adding $2,479 every year, while hoping to spend $20,263 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: 56/21/23 Blend
66$6,200,000$6,200,000$6,200,000$6,200,000
67$6,834,957$6,506,357$6,410,257$7,174,832
68$7,510,563$6,803,609$6,603,441$7,704,976
69$8,254,402$7,114,747$6,802,417$8,279,903
70$9,073,411$7,440,430$7,007,359$8,905,843
71$9,975,237$7,781,349$7,218,444$9,587,709
72$10,968,304$8,138,228$7,435,854$10,330,903
73$12,061,895$8,511,825$7,659,779$11,141,366
74$13,266,239$8,902,936$7,890,413$12,025,631
75$14,592,609$9,312,392$8,127,955$12,990,885
76$16,053,424$9,741,069$8,372,610$14,045,036
77$17,662,372$10,189,880$8,624,591$15,196,781
78$19,434,534$10,659,785$8,884,116$16,455,691
79$21,386,532$11,151,789$9,151,408$17,832,297
80$23,536,678$11,666,946$9,426,700$19,338,189
81$25,905,153$12,206,361$9,710,229$20,986,121
82$28,514,196$12,771,190$10,002,239$22,790,129
83$31,388,314$13,362,648$10,302,984$24,765,663
84$34,554,510$13,982,006$10,612,722$26,929,732
85$38,042,542$14,630,596$10,931,721$29,301,056
86$41,885,204$15,309,818$11,260,255$31,900,246
87$46,118,629$16,021,134$11,598,609$34,749,991
88$50,782,641$16,766,080$11,947,073$37,875,273
89$55,921,118$17,546,266$12,305,948$41,303,599
90$61,582,417$18,363,379$12,675,543$45,065,254
91$67,819,826$19,219,186$13,056,175$49,193,588
92$74,692,064$20,115,542$13,448,173$53,725,326
93$82,263,841$21,054,390$13,851,873$58,700,909
94$90,606,464$22,037,767$14,267,623$64,164,873
95$99,798,514$23,067,808$14,695,779$70,166,268
96$109,926,584$24,146,752$15,136,709$76,759,112
97$121,086,099$25,276,946$15,590,792$84,002,902
98$133,382,215$26,460,850$16,058,417$91,963,165
99$146,930,812$27,701,044$16,539,986$100,712,079
100$161,859,591$29,000,230$17,035,911$110,329,142