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%13%
1 years$520,248$515,614$511,093$506,680$502,371$496,093
2 years$257,549$252,752$248,103$243,596$239,224$232,908
3 years$169,994$165,176$160,539$156,074$151,774$145,614
4 years$126,225$121,422$116,831$112,443$108,246$102,292
5 years$99,970$95,196$90,666$86,367$82,287$76,554
6 years$82,473$77,735$73,272$69,068$65,111$59,607
7 years$69,980$65,282$60,889$56,785$52,953$47,680
8 years$60,614$55,958$51,639$47,635$43,929$38,887
9 years$53,333$48,722$44,476$40,575$36,995$32,181
10 years$47,512$42,946$38,776$34,976$31,521$26,933
11 years$42,753$38,232$34,137$30,439$27,110$22,742
12 years$38,789$34,315$30,296$26,700$23,493$19,341
13 years$35,438$31,011$27,068$23,572$20,486$16,545
14 years$32,569$28,188$24,320$20,924$17,958$14,222
15 years$30,084$25,750$21,958$18,661$15,812$12,274
16 years$27,911$23,625$19,908$16,709$13,974$10,629
17 years$25,997$21,758$18,116$15,013$12,391$9,232
18 years$24,297$20,106$16,537$13,529$11,017$8,037
19 years$22,777$18,634$15,139$12,225$9,820$7,012
20 years$21,412$17,315$13,894$11,072$8,771$6,129
21 years$20,178$16,128$12,780$10,049$7,849$5,365
22 years$19,057$15,055$11,778$9,136$7,036$4,703
23 years$18,036$14,081$10,875$8,321$6,316$4,127
24 years$17,101$13,193$10,058$7,589$5,677$3,626
25 years$16,242$12,381$9,316$6,931$5,108$3,188
26 years$15,451$11,636$8,640$6,337$4,601$2,805
27 years$14,719$10,951$8,023$5,801$4,148$2,470
28 years$14,041$10,319$7,458$5,315$3,743$2,176
29 years$13,411$9,735$6,940$4,874$3,380$1,919
30 years$12,824$9,193$6,465$4,473$3,054$1,692
31 years$12,276$8,691$6,027$4,108$2,761$1,493
32 years$11,763$8,223$5,623$3,775$2,498$1,318
33 years$11,282$7,788$5,250$3,472$2,260$1,163
34 years$10,831$7,381$4,906$3,194$2,047$1,027
35 years$10,406$7,001$4,586$2,940$1,854$907
36 years$10,006$6,645$4,291$2,708$1,679$802
37 years$9,628$6,311$4,016$2,495$1,522$709
38 years$9,271$5,998$3,761$2,300$1,380$626
39 years$8,933$5,703$3,523$2,121$1,251$554
40 years$8,613$5,426$3,302$1,956$1,135$489
41 years$8,309$5,165$3,097$1,805$1,030$433
42 years$8,021$4,919$2,905$1,665$934$383
43 years$7,746$4,687$2,726$1,537$848$338
44 years$7,485$4,468$2,559$1,419$770$299
45 years$7,236$4,260$2,402$1,311$699$265
46 years$6,999$4,064$2,256$1,211$634$234
47 years$6,773$3,878$2,120$1,119$576$207
48 years$6,556$3,702$1,992$1,034$523$183
49 years$6,349$3,536$1,872$955$475$162
50 years$6,151$3,377$1,760$883$432$143

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 $3,252 every year, while hoping to spend $54,598 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: 43/29/28 Blend
66$6,300,000$6,300,000$6,300,000$6,300,000
67$6,945,954$6,612,054$6,514,404$7,187,775
68$7,596,350$6,877,953$6,674,545$7,627,347
69$8,311,256$7,155,051$6,838,221$8,097,896
70$9,097,195$7,443,839$7,005,492$8,606,705
71$9,961,352$7,744,831$7,176,419$9,157,354
72$10,911,646$8,058,563$7,351,065$9,753,775
73$11,956,797$8,385,597$7,529,489$10,400,290
74$13,106,418$8,726,518$7,711,754$11,101,648
75$14,371,095$9,081,940$7,897,921$11,863,073
76$15,762,496$9,452,505$8,088,051$12,690,305
77$17,293,475$9,838,881$8,282,204$13,589,656
78$18,978,194$10,241,772$8,480,443$14,568,070
79$20,832,260$10,661,908$8,682,828$15,633,182
80$22,872,866$11,100,057$8,889,418$16,793,390
81$25,118,959$11,557,021$9,100,275$18,057,933
82$27,591,415$12,033,638$9,315,456$19,436,976
83$30,313,237$12,530,783$9,535,021$20,941,704
84$33,309,771$13,049,375$9,759,028$22,584,422
85$36,608,945$13,590,373$9,987,534$24,378,673
86$40,241,536$14,154,779$10,220,594$26,339,362
87$44,241,452$14,743,643$10,458,263$28,482,894
88$48,646,061$15,358,062$10,700,596$30,827,323
89$53,496,538$15,999,186$10,947,645$33,392,527
90$58,838,254$16,668,214$11,199,460$36,200,384
91$64,721,204$17,366,405$11,456,090$39,274,983
92$71,200,481$18,095,073$11,717,583$42,642,844
93$78,336,792$18,855,594$11,983,984$46,333,165
94$86,197,033$19,649,406$12,255,336$50,378,097
95$94,854,920$20,478,017$12,531,680$54,813,040
96$104,391,685$21,343,003$12,813,054$59,676,978
97$114,896,838$22,246,012$13,099,493$65,012,838
98$126,469,019$23,188,770$13,391,029$70,867,896
99$139,216,923$24,173,083$13,687,692$77,294,217
100$153,260,327$25,200,842$13,989,508$84,349,141