Can I retire at age 67 with 6,400,000?

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 $6,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$528,506$523,798$519,205$514,722$510,345$505,015
2 years$261,637$256,764$252,041$247,463$243,021$237,654
3 years$172,692$167,798$163,088$158,552$154,183$148,945
4 years$128,228$123,349$118,686$114,228$109,964$104,896
5 years$101,557$96,707$92,105$87,738$83,593$78,709
6 years$83,782$78,969$74,435$70,165$66,144$61,450
7 years$71,090$66,318$61,856$57,686$53,793$49,291
8 years$61,576$56,847$52,458$48,392$44,627$40,316
9 years$54,180$49,495$45,182$41,219$37,582$33,462
10 years$48,267$43,628$39,391$35,531$32,022$28,090
11 years$43,432$38,839$34,679$30,923$27,540$23,792
12 years$39,405$34,860$30,777$27,123$23,865$20,299
13 years$36,001$31,503$27,497$23,946$20,811$17,421
14 years$33,086$28,636$24,706$21,256$18,243$15,025
15 years$30,561$26,159$22,306$18,957$16,062$13,011
16 years$28,354$24,000$20,224$16,974$14,196$11,306
17 years$26,409$22,104$18,403$15,251$12,587$9,854
18 years$24,682$20,425$16,800$13,744$11,192$8,610
19 years$23,139$18,929$15,379$12,419$9,976$7,539
20 years$21,752$17,590$14,114$11,248$8,910$6,614
21 years$20,498$16,384$12,982$10,208$7,974$5,811
22 years$19,360$15,294$11,965$9,282$7,147$5,113
23 years$18,322$14,304$11,048$8,453$6,416$4,504
24 years$17,373$13,402$10,217$7,709$5,767$3,972
25 years$16,500$12,577$9,463$7,041$5,189$3,507
26 years$15,696$11,821$8,777$6,438$4,674$3,098
27 years$14,953$11,125$8,150$5,893$4,214$2,739
28 years$14,264$10,483$7,577$5,399$3,803$2,423
29 years$13,624$9,889$7,051$4,951$3,434$2,144
30 years$13,028$9,339$6,567$4,544$3,103$1,899
31 years$12,471$8,829$6,123$4,173$2,805$1,682
32 years$11,950$8,354$5,712$3,835$2,537$1,491
33 years$11,461$7,911$5,334$3,527$2,296$1,322
34 years$11,003$7,498$4,984$3,245$2,079$1,172
35 years$10,571$7,112$4,659$2,987$1,883$1,040
36 years$10,165$6,750$4,359$2,751$1,706$923
37 years$9,781$6,411$4,080$2,535$1,546$819
38 years$9,418$6,093$3,820$2,336$1,402$727
39 years$9,075$5,794$3,579$2,154$1,271$645
40 years$8,750$5,512$3,355$1,987$1,153$573
41 years$8,441$5,247$3,146$1,833$1,046$509
42 years$8,148$4,997$2,951$1,692$949$452
43 years$7,869$4,761$2,769$1,562$861$401
44 years$7,604$4,538$2,599$1,442$782$356
45 years$7,351$4,328$2,441$1,332$710$317
46 years$7,110$4,129$2,292$1,230$645$281
47 years$6,880$3,940$2,153$1,137$585$250
48 years$6,660$3,761$2,024$1,050$532$222
49 years$6,450$3,592$1,902$971$483$197
50 years$6,249$3,431$1,788$897$438$175

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $6,400,000, adding $3,638 every year, while hoping to spend $58,169 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: 55/31/14 Blend
66$6,400,000$6,400,000$6,400,000$6,400,000
67$7,056,553$6,717,353$6,618,153$7,418,688
68$7,714,430$6,984,612$6,777,969$7,932,448
69$8,437,460$7,263,017$6,941,190$8,484,977
70$9,232,230$7,553,052$7,107,868$9,085,272
71$10,105,991$7,855,226$7,278,056$9,737,905
72$11,066,736$8,170,066$7,451,805$10,447,897
73$12,123,270$8,498,126$7,629,167$11,220,775
74$13,285,294$8,839,985$7,810,194$12,062,612
75$14,563,496$9,196,246$7,994,938$12,980,092
76$15,969,652$9,567,542$8,183,448$13,980,565
77$17,516,738$9,954,532$8,375,775$15,072,117
78$19,219,049$10,357,908$8,571,967$16,263,644
79$21,092,337$10,778,391$8,772,074$17,564,936
80$23,153,959$11,216,736$8,976,141$18,986,765
81$25,423,037$11,673,730$9,184,217$20,540,985
82$27,920,644$12,150,200$9,396,345$22,240,642
83$30,669,997$12,647,007$9,612,570$24,100,096
84$33,696,680$13,165,053$9,832,934$26,135,152
85$37,028,882$13,705,282$10,057,478$28,363,209
86$40,697,665$14,268,678$10,286,241$30,803,421
87$44,737,257$14,856,274$10,519,260$33,476,872
88$49,185,374$15,469,147$10,756,572$36,406,779
89$54,083,573$16,108,427$10,998,208$39,618,703
90$59,477,649$16,775,291$11,244,199$43,140,787
91$65,418,063$17,470,975$11,494,574$47,004,021
92$71,960,422$18,196,768$11,749,358$51,242,532
93$79,165,997$18,954,022$12,008,574$55,893,900
94$87,102,307$19,744,148$12,272,240$60,999,510
95$95,843,754$20,568,623$12,540,372$66,604,941
96$105,472,325$21,428,993$12,812,982$72,760,387
97$116,078,364$22,326,876$13,090,079$79,521,136
98$127,761,427$23,263,963$13,371,666$86,948,079
99$140,631,219$24,242,023$13,657,743$95,108,283
100$154,808,631$25,262,909$13,948,305$104,075,623