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

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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$553,280$548,351$543,543$538,850$534,267$528,688
2 years$273,901$268,800$263,856$259,063$254,413$248,794
3 years$180,787$175,664$170,732$165,984$161,410$155,926
4 years$134,239$129,131$124,249$119,582$115,119$109,813
5 years$106,317$101,241$96,423$91,850$87,512$82,398
6 years$87,709$82,671$77,924$73,454$69,245$64,331
7 years$74,423$69,427$64,755$60,390$56,315$51,602
8 years$64,463$59,511$54,917$50,660$46,718$42,206
9 years$56,720$51,815$47,300$43,151$39,344$35,031
10 years$50,529$45,673$41,238$37,197$33,523$29,407
11 years$45,467$40,660$36,305$32,372$28,831$24,908
12 years$41,252$36,494$32,220$28,395$24,984$21,250
13 years$37,689$32,980$28,786$25,068$21,787$18,238
14 years$34,636$29,978$25,864$22,253$19,098$15,729
15 years$31,994$27,385$23,352$19,846$16,815$13,621
16 years$29,684$25,125$21,172$17,770$14,862$11,836
17 years$27,647$23,140$19,266$15,966$13,177$10,316
18 years$25,839$21,382$17,587$14,388$11,717$9,013
19 years$24,224$19,817$16,100$13,001$10,443$7,892
20 years$22,771$18,415$14,776$11,775$9,328$6,924
21 years$21,459$17,152$13,591$10,687$8,348$6,083
22 years$20,267$16,011$12,526$9,717$7,482$5,353
23 years$19,181$14,975$11,566$8,849$6,717$4,716
24 years$18,187$14,031$10,696$8,071$6,037$4,159
25 years$17,274$13,167$9,907$7,371$5,432$3,671
26 years$16,432$12,375$9,188$6,739$4,893$3,243
27 years$15,654$11,646$8,532$6,169$4,412$2,867
28 years$14,933$10,974$7,932$5,652$3,981$2,536
29 years$14,263$10,353$7,381$5,183$3,595$2,245
30 years$13,638$9,777$6,875$4,757$3,248$1,988
31 years$13,055$9,243$6,410$4,369$2,936$1,761
32 years$12,510$8,745$5,980$4,015$2,656$1,561
33 years$11,999$8,282$5,584$3,692$2,404$1,384
34 years$11,519$7,850$5,217$3,397$2,176$1,227
35 years$11,067$7,445$4,878$3,127$1,971$1,089
36 years$10,641$7,067$4,563$2,880$1,786$966
37 years$10,239$6,712$4,271$2,654$1,619$857
38 years$9,860$6,378$3,999$2,446$1,468$761
39 years$9,500$6,065$3,747$2,255$1,331$675
40 years$9,160$5,771$3,512$2,080$1,207$600
41 years$8,837$5,493$3,293$1,919$1,095$533
42 years$8,530$5,231$3,089$1,771$994$473
43 years$8,238$4,984$2,899$1,635$902$420
44 years$7,961$4,751$2,721$1,510$819$373
45 years$7,696$4,531$2,555$1,394$743$331
46 years$7,444$4,322$2,400$1,288$675$294
47 years$7,203$4,125$2,254$1,190$613$262
48 years$6,972$3,938$2,119$1,099$556$232
49 years$6,752$3,760$1,991$1,016$505$207
50 years$6,542$3,592$1,872$939$459$184

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 $5,684 every year, while hoping to spend $43,536 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: 63/31/6 Blend
66$6,700,000$6,700,000$6,700,000$6,700,000
67$7,389,263$7,034,163$6,930,313$7,846,780
68$8,096,646$7,332,515$7,116,157$8,450,684
69$8,874,723$7,644,027$7,306,767$9,104,111
70$9,730,658$7,969,298$7,502,257$9,816,373
71$10,672,347$8,308,955$7,702,744$10,593,161
72$11,708,486$8,663,654$7,908,346$11,440,735
73$12,848,659$9,034,081$8,119,183$12,365,980
74$14,103,427$9,420,955$8,335,380$13,376,467
75$15,484,423$9,825,028$8,557,062$14,480,528
76$17,004,467$10,247,088$8,784,357$15,687,326
77$18,677,687$10,687,959$9,017,397$17,006,945
78$20,519,645$11,148,504$9,256,314$18,450,480
79$22,547,494$11,629,625$9,501,245$20,030,141
80$24,780,131$12,132,269$9,752,330$21,759,363
81$27,238,380$12,657,426$10,009,708$23,652,935
82$29,945,186$13,206,132$10,273,525$25,727,133
83$32,925,834$13,779,471$10,543,927$27,999,873
84$36,208,185$14,378,581$10,821,065$30,490,877
85$39,822,939$15,004,651$11,105,089$33,221,856
86$43,803,926$15,658,926$11,396,157$36,216,710
87$48,188,423$16,342,710$11,694,425$39,501,754
88$53,017,509$17,057,369$12,000,055$43,105,962
89$58,336,448$17,804,334$12,313,210$47,061,233
90$64,195,121$18,585,101$12,634,057$51,402,697
91$70,648,491$19,401,239$12,962,766$56,169,032
92$77,757,127$20,254,389$13,299,509$61,402,834
93$85,587,773$21,146,273$13,644,461$67,151,010
94$94,213,976$22,078,691$13,997,801$73,465,219
95$103,716,783$23,053,529$14,359,709$80,402,354
96$114,185,506$24,072,763$14,730,371$88,025,074
97$125,718,562$25,138,462$15,109,972$96,402,390
98$138,424,402$26,252,794$15,498,703$105,610,314
99$152,422,539$27,418,028$15,896,757$115,732,567
100$167,844,669$28,636,542$16,304,329$126,861,368