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

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 $6,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$528,506$523,798$519,205$514,722$510,345$501,684
2 years$261,637$256,764$252,041$247,463$243,021$234,322
3 years$172,692$167,798$163,088$158,552$154,183$145,716
4 years$128,228$123,349$118,686$114,228$109,964$101,796
5 years$101,557$96,707$92,105$87,738$83,593$75,746
6 years$83,782$78,969$74,435$70,165$66,144$58,628
7 years$71,090$66,318$61,856$57,686$53,793$46,609
8 years$61,576$56,847$52,458$48,392$44,627$37,774
9 years$54,180$49,495$45,182$41,219$37,582$31,056
10 years$48,267$43,628$39,391$35,531$32,022$25,818
11 years$43,432$38,839$34,679$30,923$27,540$21,651
12 years$39,405$34,860$30,777$27,123$23,865$18,284
13 years$36,001$31,503$27,497$23,946$20,811$15,528
14 years$33,086$28,636$24,706$21,256$18,243$13,250
15 years$30,561$26,159$22,306$18,957$16,062$11,350
16 years$28,354$24,000$20,224$16,974$14,196$9,754
17 years$26,409$22,104$18,403$15,251$12,587$8,405
18 years$24,682$20,425$16,800$13,744$11,192$7,260
19 years$23,139$18,929$15,379$12,419$9,976$6,283
20 years$21,752$17,590$14,114$11,248$8,910$5,447
21 years$20,498$16,384$12,982$10,208$7,974$4,729
22 years$19,360$15,294$11,965$9,282$7,147$4,111
23 years$18,322$14,304$11,048$8,453$6,416$3,577
24 years$17,373$13,402$10,217$7,709$5,767$3,115
25 years$16,500$12,577$9,463$7,041$5,189$2,716
26 years$15,696$11,821$8,777$6,438$4,674$2,369
27 years$14,953$11,125$8,150$5,893$4,214$2,068
28 years$14,264$10,483$7,577$5,399$3,803$1,805
29 years$13,624$9,889$7,051$4,951$3,434$1,577
30 years$13,028$9,339$6,567$4,544$3,103$1,379
31 years$12,471$8,829$6,123$4,173$2,805$1,205
32 years$11,950$8,354$5,712$3,835$2,537$1,054
33 years$11,461$7,911$5,334$3,527$2,296$922
34 years$11,003$7,498$4,984$3,245$2,079$807
35 years$10,571$7,112$4,659$2,987$1,883$706
36 years$10,165$6,750$4,359$2,751$1,706$618
37 years$9,781$6,411$4,080$2,535$1,546$541
38 years$9,418$6,093$3,820$2,336$1,402$474
39 years$9,075$5,794$3,579$2,154$1,271$415
40 years$8,750$5,512$3,355$1,987$1,153$363
41 years$8,441$5,247$3,146$1,833$1,046$318
42 years$8,148$4,997$2,951$1,692$949$279
43 years$7,869$4,761$2,769$1,562$861$244
44 years$7,604$4,538$2,599$1,442$782$214
45 years$7,351$4,328$2,441$1,332$710$187
46 years$7,110$4,129$2,292$1,230$645$164
47 years$6,880$3,940$2,153$1,137$585$144
48 years$6,660$3,761$2,024$1,050$532$126
49 years$6,450$3,592$1,902$971$483$110
50 years$6,249$3,431$1,788$897$438$97

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 $5,989 every year, while hoping to spend $50,542 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: 60/31/9 Blend
66$6,400,000$6,400,000$6,400,000$6,400,000
67$7,058,978$6,719,778$6,620,578$7,467,923
68$7,725,217$6,995,270$6,788,591$8,018,416
69$8,457,719$7,282,568$6,960,538$8,612,301
70$9,263,189$7,582,197$7,136,499$9,258,820
71$10,149,014$7,894,704$7,316,552$9,963,043
72$11,123,334$8,220,666$7,500,777$10,730,546
73$12,195,118$8,560,682$7,689,256$11,567,463
74$13,374,245$8,915,380$7,882,071$12,480,538
75$14,671,603$9,285,419$8,079,306$13,477,191
76$16,099,186$9,671,484$8,281,042$14,565,586
77$17,670,212$10,074,296$8,487,366$15,754,702
78$19,399,244$10,494,607$8,698,363$17,054,422
79$21,302,327$10,933,202$8,914,118$18,475,619
80$23,397,141$11,390,906$9,134,718$20,030,260
81$25,703,169$11,868,580$9,360,251$21,731,513
82$28,241,877$12,367,125$9,590,803$23,593,874
83$31,036,917$12,887,483$9,826,465$25,633,298
84$34,114,355$13,430,642$10,067,323$27,867,348
85$37,502,909$13,997,633$10,313,468$30,315,355
86$41,234,225$14,589,537$10,564,989$32,998,606
87$45,343,175$15,207,483$10,821,975$35,940,532
88$49,868,185$15,852,655$11,084,517$39,166,935
89$54,851,595$16,526,291$11,352,704$42,706,221
90$60,340,065$17,229,686$11,626,627$46,589,671
91$66,385,007$17,964,196$11,906,374$50,851,729
92$73,043,076$18,731,241$12,192,036$55,530,325
93$80,376,702$19,532,304$12,483,702$60,667,229
94$88,454,680$20,368,941$12,781,460$66,308,442
95$97,352,818$21,242,780$13,085,399$72,504,626
96$107,154,652$22,155,523$13,395,607$79,311,579
97$117,952,237$23,108,953$13,712,170$86,790,753
98$129,847,011$24,104,938$14,035,174$95,009,837
99$142,950,757$25,145,431$14,364,703$104,043,384
100$157,386,654$26,232,477$14,700,841$113,973,514