Can I retire at age 67 with 6,900,000?

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 $6,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$569,796$564,720$559,768$554,935$550,216$542,441
2 years$282,077$276,824$271,732$266,796$262,007$254,190
3 years$186,183$180,907$175,829$170,939$166,228$158,611
4 years$138,246$132,986$127,958$123,152$118,555$111,196
5 years$109,491$104,263$99,301$94,592$90,124$83,045
6 years$90,327$85,138$80,250$75,646$71,312$64,521
7 years$76,644$71,499$66,688$62,193$57,996$51,496
8 years$66,387$61,288$56,557$52,172$48,113$41,903
9 years$58,413$53,362$48,712$44,439$40,518$34,595
10 years$52,037$47,036$42,468$38,307$34,524$28,882
11 years$46,825$41,873$37,389$33,338$29,691$24,327
12 years$42,484$37,583$33,181$29,242$25,730$20,636
13 years$38,814$33,964$29,645$25,817$22,437$17,607
14 years$35,670$30,873$26,637$22,917$19,668$15,095
15 years$32,949$28,203$24,049$20,438$17,317$12,992
16 years$30,570$25,875$21,804$18,300$15,305$11,220
17 years$28,473$23,830$19,841$16,442$13,571$9,717
18 years$26,611$22,020$18,112$14,818$12,066$8,435
19 years$24,947$20,408$16,581$13,389$10,755$7,338
20 years$23,451$18,964$15,217$12,127$9,607$6,395
21 years$22,099$17,665$13,997$11,006$8,597$5,581
22 years$20,872$16,489$12,900$10,007$7,706$4,877
23 years$19,754$15,422$11,911$9,113$6,917$4,267
24 years$18,730$14,449$11,016$8,312$6,217$3,737
25 years$17,789$13,560$10,203$7,591$5,595$3,275
26 years$16,922$12,744$9,463$6,941$5,039$2,873
27 years$16,121$11,994$8,787$6,353$4,543$2,522
28 years$15,379$11,302$8,168$5,821$4,100$2,215
29 years$14,688$10,662$7,601$5,338$3,702$1,946
30 years$14,045$10,069$7,080$4,899$3,345$1,711
31 years$13,445$9,519$6,601$4,499$3,024$1,504
32 years$12,883$9,006$6,159$4,135$2,736$1,323
33 years$12,357$8,529$5,750$3,802$2,476$1,164
34 years$11,862$8,084$5,373$3,498$2,241$1,025
35 years$11,397$7,667$5,023$3,220$2,030$902
36 years$10,959$7,277$4,699$2,966$1,839$795
37 years$10,545$6,912$4,398$2,733$1,667$700
38 years$10,154$6,569$4,119$2,519$1,511$616
39 years$9,784$6,246$3,859$2,322$1,371$543
40 years$9,433$5,943$3,617$2,142$1,243$478
41 years$9,101$5,657$3,392$1,976$1,128$422
42 years$8,785$5,388$3,181$1,824$1,023$371
43 years$8,484$5,133$2,985$1,684$929$327
44 years$8,198$4,893$2,802$1,555$843$289
45 years$7,926$4,666$2,631$1,436$765$254
46 years$7,666$4,451$2,471$1,326$695$224
47 years$7,418$4,248$2,322$1,225$631$198
48 years$7,180$4,055$2,182$1,132$573$174
49 years$6,954$3,872$2,051$1,046$520$154
50 years$6,737$3,699$1,928$967$473$135

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $6,900,000, adding $4,076 every year, while hoping to spend $51,538 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: 53/25/22 Blend
66$6,900,000$6,900,000$6,900,000$6,900,000
67$7,608,004$7,242,304$7,135,354$7,964,881
68$8,329,185$7,542,341$7,319,553$8,511,010
69$9,122,198$7,855,353$7,508,194$9,099,283
70$9,994,317$8,181,920$7,701,374$9,738,350
71$10,953,555$8,522,651$7,899,187$10,433,071
72$12,008,739$8,878,182$8,101,731$11,188,792
73$13,169,596$9,249,179$8,309,105$12,011,390
74$14,446,843$9,636,337$8,521,408$12,907,332
75$15,852,289$10,040,386$8,738,744$13,883,727
76$17,398,945$10,462,087$8,961,213$14,948,399
77$19,101,145$10,902,237$9,188,922$16,109,953
78$20,974,687$11,361,671$9,421,976$17,377,858
79$23,036,974$11,841,262$9,660,481$18,762,533
80$25,307,185$12,341,924$9,904,547$20,275,443
81$27,806,451$12,864,612$10,154,283$21,929,206
82$30,558,058$13,410,326$10,409,800$23,737,710
83$33,587,661$13,980,114$10,671,210$25,716,241
84$36,923,534$14,575,071$10,938,627$27,881,624
85$40,596,829$15,196,343$11,212,165$30,252,380
86$44,641,873$15,845,132$11,491,940$32,848,902
87$49,096,493$16,522,692$11,778,069$35,693,637
88$54,002,371$17,230,339$12,070,669$38,811,302
89$59,405,436$17,969,449$12,369,860$42,229,111
90$65,356,300$18,741,462$12,675,760$45,977,030
91$71,910,735$19,547,887$12,988,491$50,088,056
92$79,130,198$20,390,301$13,308,173$54,598,524
93$87,082,410$21,270,357$13,634,928$59,548,450
94$95,841,996$22,189,785$13,968,879$64,981,901
95$105,491,192$23,150,397$14,310,149$70,947,410
96$116,120,615$24,154,088$14,658,860$77,498,429
97$127,830,123$25,202,843$15,015,137$84,693,830
98$140,729,754$26,298,741$15,379,103$92,598,456
99$154,940,768$27,443,959$15,750,882$101,283,729
100$170,596,788$28,640,774$16,130,598$110,828,317