Can I retire at age 67 with 6,600,000?

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$545,022$540,167$535,431$530,807$526,293$523,196
2 years$269,813$264,788$259,918$255,196$250,616$247,491
3 years$178,088$173,042$168,184$163,506$159,001$155,945
4 years$132,235$127,204$122,395$117,797$113,401$110,438
5 years$104,731$99,729$94,983$90,480$86,206$83,344
6 years$86,400$81,437$76,761$72,357$68,211$65,455
7 years$73,312$68,390$63,789$59,489$55,474$52,825
8 years$63,500$58,623$54,098$49,904$46,021$43,478
9 years$55,873$51,042$46,594$42,507$38,757$36,320
10 years$49,775$44,991$40,622$36,641$33,022$30,690
11 years$44,789$40,053$35,763$31,889$28,400$26,172
12 years$40,637$35,949$31,739$27,971$24,611$22,484
13 years$37,126$32,488$28,356$24,694$21,461$19,433
14 years$34,119$29,530$25,478$21,921$18,813$16,882
15 years$31,516$26,977$23,004$19,549$16,564$14,728
16 years$29,240$24,750$20,856$17,504$14,640$12,895
17 years$27,235$22,794$18,978$15,728$12,981$11,325
18 years$25,454$21,063$17,325$14,174$11,542$9,972
19 years$23,862$19,521$15,860$12,807$10,287$8,801
20 years$22,431$18,140$14,555$11,599$9,189$7,783
21 years$21,139$16,896$13,388$10,527$8,223$6,894
22 years$19,965$15,772$12,339$9,572$7,371$6,116
23 years$18,895$14,751$11,393$8,717$6,616$5,433
24 years$17,915$13,821$10,537$7,950$5,947$4,832
25 years$17,016$12,970$9,759$7,261$5,351$4,302
26 years$16,187$12,190$9,051$6,639$4,820$3,834
27 years$15,420$11,472$8,405$6,077$4,346$3,419
28 years$14,710$10,810$7,813$5,568$3,921$3,051
29 years$14,050$10,198$7,271$5,106$3,541$2,725
30 years$13,435$9,631$6,773$4,686$3,199$2,434
31 years$12,861$9,105$6,314$4,303$2,893$2,176
32 years$12,323$8,615$5,891$3,955$2,617$1,946
33 years$11,820$8,158$5,500$3,637$2,368$1,741
34 years$11,347$7,732$5,139$3,346$2,144$1,558
35 years$10,902$7,334$4,805$3,080$1,942$1,395
36 years$10,482$6,961$4,495$2,837$1,759$1,249
37 years$10,087$6,611$4,207$2,614$1,595$1,119
38 years$9,713$6,283$3,940$2,409$1,446$1,003
39 years$9,359$5,975$3,691$2,221$1,311$899
40 years$9,023$5,684$3,460$2,049$1,189$805
41 years$8,705$5,411$3,244$1,890$1,079$722
42 years$8,403$5,153$3,043$1,745$979$647
43 years$8,115$4,910$2,856$1,611$888$580
44 years$7,842$4,680$2,680$1,487$806$520
45 years$7,581$4,463$2,517$1,373$732$467
46 years$7,332$4,258$2,364$1,269$665$419
47 years$7,095$4,063$2,221$1,172$604$376
48 years$6,868$3,879$2,087$1,083$548$337
49 years$6,651$3,704$1,962$1,001$498$302
50 years$6,444$3,538$1,844$925$452$271

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $6,600,000, adding $4,081 every year, while hoping to spend $41,374 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: 82/11/7 Blend
66$6,600,000$6,600,000$6,600,000$6,600,000
67$7,277,410$6,927,610$6,825,310$7,868,928
68$7,975,684$7,223,041$7,009,936$8,551,770
69$8,743,795$7,531,562$7,199,360$9,295,297
70$9,588,824$7,853,769$7,393,700$10,110,268
71$10,518,570$8,190,290$7,593,075$11,003,813
72$11,541,628$8,541,778$7,797,607$11,983,784
73$12,667,468$8,908,920$8,007,421$13,058,825
74$13,906,525$9,292,432$8,222,645$14,238,458
75$15,270,295$9,693,065$8,443,408$15,533,168
76$16,771,446$10,111,607$8,669,844$16,954,503
77$18,423,938$10,548,881$8,902,088$18,515,182
78$20,243,152$11,005,747$9,140,280$20,229,213
79$22,246,034$11,483,109$9,384,559$22,112,026
80$24,451,259$11,981,912$9,635,072$24,180,614
81$26,879,406$12,503,143$9,891,965$26,453,698
82$29,553,148$13,047,840$10,155,389$28,951,898
83$32,497,471$13,617,087$10,425,497$31,697,928
84$35,739,907$14,212,018$10,702,445$34,716,810
85$39,310,794$14,833,823$10,986,393$38,036,107
86$43,243,562$15,483,748$11,277,504$41,686,183
87$47,575,049$16,163,095$11,575,945$45,700,490
88$52,345,848$16,873,231$11,881,883$50,115,879
89$57,600,690$17,615,584$12,195,491$54,972,948
90$63,388,867$18,391,654$12,516,946$60,316,425
91$69,764,693$19,203,007$12,846,426$66,195,586
92$76,788,025$20,051,287$13,184,114$72,664,721
93$84,524,817$20,938,214$13,530,195$79,783,642
94$93,047,750$21,865,589$13,884,859$87,618,249
95$102,436,917$22,835,299$14,248,299$96,241,148
96$112,780,576$23,849,322$14,620,710$105,732,334
97$124,175,983$24,909,727$15,002,292$116,179,948
98$136,730,313$26,018,683$15,393,248$127,681,100
99$150,561,669$27,178,463$15,793,786$140,342,791
100$165,800,196$28,391,444$16,204,115$154,282,917