Can I retire at age 67 with 6,300,000?

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$520,248$515,614$511,093$506,680$502,371$486,290
2 years$257,549$252,752$248,103$243,596$239,224$223,171
3 years$169,994$165,176$160,539$156,074$151,774$136,252
4 years$126,225$121,422$116,831$112,443$108,246$93,375
5 years$99,970$95,196$90,666$86,367$82,287$68,107
6 years$82,473$77,735$73,272$69,068$65,111$51,633
7 years$69,980$65,282$60,889$56,785$52,953$40,176
8 years$60,614$55,958$51,639$47,635$43,929$31,845
9 years$53,333$48,722$44,476$40,575$36,995$25,589
10 years$47,512$42,946$38,776$34,976$31,521$20,776
11 years$42,753$38,232$34,137$30,439$27,110$17,006
12 years$38,789$34,315$30,296$26,700$23,493$14,008
13 years$35,438$31,011$27,068$23,572$20,486$11,598
14 years$32,569$28,188$24,320$20,924$17,958$9,642
15 years$30,084$25,750$21,958$18,661$15,812$8,043
16 years$27,911$23,625$19,908$16,709$13,974$6,728
17 years$25,997$21,758$18,116$15,013$12,391$5,640
18 years$24,297$20,106$16,537$13,529$11,017$4,737
19 years$22,777$18,634$15,139$12,225$9,820$3,985
20 years$21,412$17,315$13,894$11,072$8,771$3,357
21 years$20,178$16,128$12,780$10,049$7,849$2,830
22 years$19,057$15,055$11,778$9,136$7,036$2,389
23 years$18,036$14,081$10,875$8,321$6,316$2,018
24 years$17,101$13,193$10,058$7,589$5,677$1,705
25 years$16,242$12,381$9,316$6,931$5,108$1,442
26 years$15,451$11,636$8,640$6,337$4,601$1,220
27 years$14,719$10,951$8,023$5,801$4,148$1,033
28 years$14,041$10,319$7,458$5,315$3,743$874
29 years$13,411$9,735$6,940$4,874$3,380$741
30 years$12,824$9,193$6,465$4,473$3,054$627
31 years$12,276$8,691$6,027$4,108$2,761$531
32 years$11,763$8,223$5,623$3,775$2,498$450
33 years$11,282$7,788$5,250$3,472$2,260$382
34 years$10,831$7,381$4,906$3,194$2,047$324
35 years$10,406$7,001$4,586$2,940$1,854$274
36 years$10,006$6,645$4,291$2,708$1,679$232
37 years$9,628$6,311$4,016$2,495$1,522$197
38 years$9,271$5,998$3,761$2,300$1,380$167
39 years$8,933$5,703$3,523$2,121$1,251$142
40 years$8,613$5,426$3,302$1,956$1,135$120
41 years$8,309$5,165$3,097$1,805$1,030$102
42 years$8,021$4,919$2,905$1,665$934$86
43 years$7,746$4,687$2,726$1,537$848$73
44 years$7,485$4,468$2,559$1,419$770$62
45 years$7,236$4,260$2,402$1,311$699$53
46 years$6,999$4,064$2,256$1,211$634$45
47 years$6,773$3,878$2,120$1,119$576$38
48 years$6,556$3,702$1,992$1,034$523$32
49 years$6,349$3,536$1,872$955$475$27
50 years$6,151$3,377$1,760$883$432$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $6,300,000, adding $2,610 every year, while hoping to spend $38,732 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: 66/13/21 Blend
66$6,300,000$6,300,000$6,300,000$6,300,000
67$6,945,292$6,611,392$6,513,742$7,366,538
68$7,612,501$6,894,140$6,690,742$7,932,330
69$8,346,468$7,189,444$6,872,373$8,545,955
70$9,153,960$7,497,879$7,058,750$9,215,879
71$10,042,435$7,820,046$7,249,989$9,947,636
72$11,020,110$8,156,575$7,446,210$10,747,313
73$12,096,038$8,508,124$7,647,535$11,621,611
74$13,280,194$8,875,383$7,854,088$12,577,906
75$14,583,572$9,259,074$8,065,998$13,624,320
76$16,018,280$9,659,953$8,283,393$14,769,793
77$17,597,666$10,078,811$8,506,407$16,024,168
78$19,336,432$10,516,478$8,735,177$17,398,281
79$21,250,783$10,973,820$8,969,839$18,904,067
80$23,358,571$11,451,745$9,210,538$20,554,666
81$25,679,470$11,951,206$9,457,416$22,364,547
82$28,235,159$12,473,197$9,710,622$24,349,646
83$31,049,523$13,018,762$9,970,306$26,527,510
84$34,148,886$13,588,993$10,236,622$28,917,468
85$37,562,251$14,185,033$10,509,728$31,540,805
86$41,321,581$14,808,079$10,789,784$34,420,964
87$45,462,093$15,459,386$11,076,953$37,583,770
88$50,022,598$16,140,267$11,371,402$41,057,662
89$55,045,860$16,852,097$11,673,301$44,873,971
90$60,579,005$17,596,318$11,982,824$49,067,206
91$66,673,962$18,374,436$12,300,148$53,675,380
92$73,387,957$19,188,034$12,625,452$58,740,369
93$80,784,045$20,038,764$12,958,922$64,308,301
94$88,931,717$20,928,362$13,300,745$70,429,995
95$97,907,543$21,858,643$13,651,111$77,161,432
96$107,795,904$22,831,509$14,010,215$84,564,285
97$118,689,785$23,848,951$14,378,256$92,706,498
98$130,691,650$24,913,057$14,755,435$101,662,926
99$143,914,415$26,026,013$15,141,958$111,516,035
100$158,482,506$27,190,108$15,538,034$122,356,683