Can I retire at age 67 with 6,700,000?

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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$553,280$548,351$543,543$538,850$534,267$517,787
2 years$273,901$268,800$263,856$259,063$254,413$237,954
3 years$180,787$175,664$170,732$165,984$161,410$145,488
4 years$134,239$129,131$124,249$119,582$115,119$99,856
5 years$106,317$101,241$96,423$91,850$87,512$72,949
6 years$87,709$82,671$77,924$73,454$69,245$55,395
7 years$74,423$69,427$64,755$60,390$56,315$43,177
8 years$64,463$59,511$54,917$50,660$46,718$34,284
9 years$56,720$51,815$47,300$43,151$39,344$27,599
10 years$50,529$45,673$41,238$37,197$33,523$22,451
11 years$45,467$40,660$36,305$32,372$28,831$18,412
12 years$41,252$36,494$32,220$28,395$24,984$15,197
13 years$37,689$32,980$28,786$25,068$21,787$12,608
14 years$34,636$29,978$25,864$22,253$19,098$10,504
15 years$31,994$27,385$23,352$19,846$16,815$8,780
16 years$29,684$25,125$21,172$17,770$14,862$7,360
17 years$27,647$23,140$19,266$15,966$13,177$6,184
18 years$25,839$21,382$17,587$14,388$11,717$5,205
19 years$24,224$19,817$16,100$13,001$10,443$4,389
20 years$22,771$18,415$14,776$11,775$9,328$3,705
21 years$21,459$17,152$13,591$10,687$8,348$3,132
22 years$20,267$16,011$12,526$9,717$7,482$2,649
23 years$19,181$14,975$11,566$8,849$6,717$2,243
24 years$18,187$14,031$10,696$8,071$6,037$1,900
25 years$17,274$13,167$9,907$7,371$5,432$1,611
26 years$16,432$12,375$9,188$6,739$4,893$1,366
27 years$15,654$11,646$8,532$6,169$4,412$1,159
28 years$14,933$10,974$7,932$5,652$3,981$984
29 years$14,263$10,353$7,381$5,183$3,595$835
30 years$13,638$9,777$6,875$4,757$3,248$709
31 years$13,055$9,243$6,410$4,369$2,936$602
32 years$12,510$8,745$5,980$4,015$2,656$512
33 years$11,999$8,282$5,584$3,692$2,404$435
34 years$11,519$7,850$5,217$3,397$2,176$369
35 years$11,067$7,445$4,878$3,127$1,971$314
36 years$10,641$7,067$4,563$2,880$1,786$267
37 years$10,239$6,712$4,271$2,654$1,619$227
38 years$9,860$6,378$3,999$2,446$1,468$193
39 years$9,500$6,065$3,747$2,255$1,331$164
40 years$9,160$5,771$3,512$2,080$1,207$139
41 years$8,837$5,493$3,293$1,919$1,095$118
42 years$8,530$5,231$3,089$1,771$994$101
43 years$8,238$4,984$2,899$1,635$902$86
44 years$7,961$4,751$2,721$1,510$819$73
45 years$7,696$4,531$2,555$1,394$743$62
46 years$7,444$4,322$2,400$1,288$675$53
47 years$7,203$4,125$2,254$1,190$613$45
48 years$6,972$3,938$2,119$1,099$556$38
49 years$6,752$3,760$1,991$1,016$505$32
50 years$6,542$3,592$1,872$939$459$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $6,700,000, adding $4,704 every year, while hoping to spend $28,574 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: 64/22/14 Blend
66$6,700,000$6,700,000$6,700,000$6,700,000
67$7,388,252$7,033,152$6,929,302$7,836,106
68$8,111,451$7,347,374$7,131,031$8,450,715
69$8,907,459$7,676,035$7,338,561$9,118,077
70$9,783,672$8,019,813$7,552,054$9,846,359
71$10,748,240$8,379,417$7,771,681$10,641,499
72$11,810,142$8,755,590$7,997,614$11,510,026
73$12,979,274$9,149,112$8,230,032$12,459,125
74$14,266,540$9,560,798$8,469,118$13,496,700
75$15,683,953$9,991,503$8,715,059$14,631,449
76$17,244,752$10,442,122$8,968,050$15,872,945
77$18,963,525$10,913,595$9,228,288$17,231,721
78$20,856,347$11,406,904$9,495,978$18,719,371
79$22,940,931$11,923,079$9,771,330$20,348,655
80$25,236,796$12,463,199$10,054,559$22,133,621
81$27,765,449$13,028,396$10,345,887$24,089,730
82$30,550,592$13,619,855$10,645,542$26,234,005
83$33,618,341$14,238,816$10,953,756$28,585,186
84$36,997,476$14,886,582$11,270,770$31,163,905
85$40,719,709$15,564,515$11,596,832$33,992,880
86$44,819,987$16,274,044$11,932,194$37,097,124
87$49,336,820$17,016,667$12,277,116$40,504,180
88$54,312,644$17,793,951$12,631,868$44,244,379
89$59,794,221$18,607,542$12,996,723$48,351,121
90$65,833,082$19,459,162$13,371,963$52,861,188
91$72,486,012$20,350,617$13,757,880$57,815,087
92$79,815,586$21,283,798$14,154,770$63,257,433
93$87,890,761$22,260,690$14,562,940$69,237,361
94$96,787,525$23,283,370$14,982,705$75,808,988
95$106,589,613$24,354,016$15,414,386$83,031,922
96$117,389,302$25,474,911$15,858,317$90,971,817
97$129,288,277$26,648,448$16,314,836$99,700,993
98$142,398,594$27,877,134$16,784,295$109,299,110
99$156,843,734$29,163,597$17,267,053$119,853,914
100$172,759,774$30,510,592$17,763,478$131,462,069