Can I retire at age 67 with 7,000,000?

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 $7,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$578,053$572,904$567,881$562,978$558,190$544,917
2 years$286,165$280,836$275,670$270,662$265,805$252,510
3 years$188,882$183,529$178,377$173,416$168,637$155,737
4 years$140,249$134,913$129,813$124,936$120,274$107,866
5 years$111,078$105,774$100,740$95,963$91,430$79,550
6 years$91,636$86,372$81,413$76,743$72,346$61,005
7 years$77,755$72,535$67,655$63,094$58,836$48,037
8 years$67,349$62,176$57,376$52,928$48,810$38,549
9 years$59,259$54,135$49,418$45,083$41,105$31,372
10 years$52,792$47,718$43,084$38,862$35,024$25,809
11 years$47,503$42,480$37,930$33,822$30,122$21,412
12 years$43,099$38,128$33,662$29,666$26,103$17,883
13 years$39,376$34,457$30,075$26,191$22,762$15,018
14 years$36,187$31,320$27,023$23,249$19,953$12,667
15 years$33,426$28,611$24,398$20,734$17,568$10,724
16 years$31,013$26,250$22,120$18,565$15,527$9,106
17 years$28,885$24,176$20,128$16,681$13,767$7,751
18 years$26,996$22,339$18,375$15,033$12,241$6,613
19 years$25,308$20,704$16,821$13,583$10,911$5,651
20 years$23,791$19,239$15,438$12,302$9,746$4,837
21 years$22,420$17,921$14,200$11,165$8,721$4,145
22 years$21,175$16,728$13,087$10,152$7,817$3,556
23 years$20,040$15,645$12,084$9,245$7,017$3,054
24 years$19,001$14,659$11,175$8,432$6,307$2,624
25 years$18,047$13,757$10,351$7,701$5,676$2,257
26 years$17,168$12,929$9,600$7,041$5,112$1,942
27 years$16,355$12,168$8,914$6,445$4,609$1,672
28 years$15,601$11,466$8,287$5,905$4,159$1,440
29 years$14,901$10,816$7,712$5,415$3,756$1,241
30 years$14,249$10,215$7,183$4,970$3,393$1,069
31 years$13,640$9,657$6,697$4,564$3,068$922
32 years$13,070$9,137$6,248$4,195$2,775$795
33 years$12,536$8,653$5,834$3,857$2,512$686
34 years$12,034$8,201$5,451$3,549$2,274$591
35 years$11,562$7,779$5,096$3,267$2,060$510
36 years$11,118$7,383$4,767$3,009$1,866$440
37 years$10,698$7,012$4,462$2,772$1,691$380
38 years$10,301$6,664$4,179$2,555$1,533$328
39 years$9,926$6,337$3,915$2,356$1,390$283
40 years$9,570$6,029$3,669$2,173$1,261$244
41 years$9,233$5,739$3,441$2,005$1,144$211
42 years$8,912$5,466$3,228$1,850$1,038$182
43 years$8,607$5,208$3,029$1,708$942$157
44 years$8,317$4,964$2,843$1,577$855$136
45 years$8,041$4,734$2,669$1,457$776$117
46 years$7,777$4,516$2,507$1,345$705$101
47 years$7,525$4,309$2,355$1,243$640$87
48 years$7,285$4,114$2,213$1,149$581$75
49 years$7,055$3,928$2,080$1,062$528$65
50 years$6,834$3,753$1,956$981$480$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $7,000,000, adding $4,070 every year, while hoping to spend $42,713 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: 52/18/30 Blend
66$7,000,000$7,000,000$7,000,000$7,000,000
67$7,718,198$7,347,198$7,238,698$8,054,191
68$8,460,008$7,661,765$7,435,748$8,603,339
69$9,276,051$7,990,313$7,637,968$9,195,802
70$10,173,854$8,333,484$7,845,485$9,839,524
71$11,161,709$8,691,947$8,058,432$10,539,423
72$12,248,755$9,066,404$8,276,940$11,300,910
73$13,445,058$9,457,588$8,501,148$12,129,935
74$14,761,713$9,866,269$8,731,195$13,033,044
75$16,210,942$10,293,250$8,967,225$14,017,438
76$17,806,214$10,739,375$9,209,383$15,091,039
77$19,562,369$11,205,526$9,457,818$16,262,564
78$21,495,760$11,692,625$9,712,684$17,541,606
79$23,624,404$12,201,641$9,974,135$18,938,719
80$25,968,156$12,733,584$10,242,332$20,465,524
81$28,548,894$13,289,516$10,517,436$22,134,806
82$31,390,724$13,870,545$10,799,614$23,960,642
83$34,520,212$14,477,836$11,089,034$25,958,526
84$37,966,627$15,112,604$11,385,871$28,145,515
85$41,762,226$15,776,124$11,690,300$30,540,388
86$45,942,550$16,469,731$12,002,503$33,163,821
87$50,546,766$17,194,824$12,322,662$36,038,578
88$55,618,031$17,952,865$12,650,966$39,189,725
89$61,203,903$18,745,388$12,987,606$42,644,864
90$67,356,788$19,573,999$13,332,778$46,434,390
91$74,134,436$20,440,380$13,686,681$50,591,774
92$81,600,481$21,346,292$14,049,519$55,153,879
93$89,825,050$22,293,581$14,421,497$60,161,302
94$98,885,417$23,284,178$14,802,829$65,658,755
95$108,866,735$24,320,107$15,193,729$71,695,482
96$119,862,840$25,403,491$15,594,417$78,325,726
97$131,977,136$26,536,548$16,005,116$85,609,228
98$145,323,571$27,721,606$16,426,055$93,611,797
99$160,027,713$28,961,102$16,857,465$102,405,920
100$176,227,933$30,257,590$17,299,584$112,071,445