Can I retire at age 67 with 7,100,000?

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 $7,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$586,311$581,089$575,993$571,020$566,164$544,130
2 years$290,253$284,847$279,608$274,529$269,602$247,670
3 years$191,580$186,151$180,925$175,893$171,047$149,906
4 years$142,253$136,841$131,667$126,721$121,992$101,804
5 years$112,665$107,285$102,179$97,334$92,736$73,553
6 years$92,945$87,606$82,576$77,839$73,379$55,213
7 years$78,866$73,571$68,621$63,996$59,677$42,521
8 years$68,311$63,064$58,196$53,684$49,508$33,346
9 years$60,106$54,909$50,124$45,727$41,693$26,501
10 years$53,546$48,399$43,699$39,417$35,524$21,274
11 years$48,182$43,087$38,472$34,305$30,552$17,211
12 years$43,715$38,673$34,143$30,090$26,476$14,008
13 years$39,939$34,949$30,505$26,565$23,087$11,456
14 years$36,704$31,768$27,409$23,581$20,238$9,405
15 years$33,904$29,020$24,746$21,030$17,819$7,746
16 years$31,456$26,625$22,436$18,830$15,749$6,395
17 years$29,298$24,521$20,416$16,919$13,964$5,290
18 years$27,382$22,659$18,637$15,247$12,416$4,384
19 years$25,670$21,000$17,061$13,777$11,067$3,638
20 years$24,131$19,514$15,658$12,478$9,885$3,022
21 years$22,740$18,177$14,402$11,325$8,846$2,513
22 years$21,477$16,967$13,274$10,297$7,929$2,092
23 years$20,326$15,869$12,256$9,377$7,118$1,742
24 years$19,273$14,868$11,335$8,553$6,398$1,451
25 years$18,305$13,953$10,498$7,811$5,757$1,210
26 years$17,413$13,114$9,737$7,142$5,186$1,009
27 years$16,589$12,341$9,041$6,537$4,675$841
28 years$15,824$11,629$8,405$5,989$4,218$702
29 years$15,114$10,971$7,822$5,492$3,809$586
30 years$14,453$10,361$7,286$5,041$3,442$489
31 years$13,835$9,794$6,792$4,629$3,112$408
32 years$13,257$9,268$6,337$4,255$2,815$341
33 years$12,715$8,777$5,917$3,912$2,547$285
34 years$12,206$8,318$5,529$3,600$2,306$238
35 years$11,728$7,890$5,169$3,314$2,089$198
36 years$11,276$7,488$4,835$3,052$1,893$166
37 years$10,851$7,112$4,526$2,812$1,715$138
38 years$10,448$6,759$4,238$2,592$1,555$116
39 years$10,068$6,427$3,971$2,390$1,410$97
40 years$9,707$6,115$3,722$2,204$1,279$81
41 years$9,364$5,821$3,490$2,034$1,161$67
42 years$9,039$5,544$3,274$1,877$1,053$56
43 years$8,730$5,282$3,072$1,733$956$47
44 years$8,436$5,035$2,883$1,600$867$39
45 years$8,155$4,801$2,707$1,477$788$33
46 years$7,888$4,580$2,543$1,365$715$27
47 years$7,633$4,371$2,389$1,261$649$23
48 years$7,389$4,173$2,245$1,165$590$19
49 years$7,155$3,985$2,110$1,077$536$16
50 years$6,932$3,806$1,984$995$486$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $7,100,000, adding $4,738 every year, while hoping to spend $36,296 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: 62/8/30 Blend
66$7,100,000$7,100,000$7,100,000$7,100,000
67$7,829,087$7,452,787$7,342,737$8,250,822
68$8,589,035$7,779,355$7,550,100$8,865,106
69$9,425,282$8,120,708$7,763,193$9,531,273
70$10,345,571$8,477,533$7,982,171$10,257,987
71$11,358,435$8,850,548$8,207,189$11,051,186
72$12,473,276$9,240,505$8,438,410$11,917,409
73$13,700,453$9,648,194$8,676,001$12,863,850
74$15,051,382$10,074,438$8,920,129$13,898,431
75$16,538,641$10,520,103$9,170,971$15,029,872
76$18,176,088$10,986,094$9,428,705$16,267,775
77$19,978,997$11,473,360$9,693,514$17,622,710
78$21,964,193$11,982,894$9,965,586$19,106,316
79$24,150,221$12,515,736$10,245,113$20,731,409
80$26,557,513$13,072,976$10,532,293$22,512,103
81$29,208,583$13,655,756$10,827,329$24,463,939
82$32,128,242$14,265,271$11,130,428$26,604,034
83$35,343,828$14,902,775$11,441,803$28,951,237
84$38,885,467$15,569,579$11,761,672$31,526,310
85$42,786,355$16,267,059$12,090,258$34,352,117
86$47,083,073$16,996,655$12,427,791$37,453,846
87$51,815,930$17,759,874$12,774,506$40,859,235
88$57,029,345$18,558,298$13,130,642$44,598,842
89$62,772,267$19,393,583$13,496,447$48,706,326
90$69,098,633$20,267,464$13,872,173$53,218,762
91$76,067,882$21,181,759$14,258,080$58,176,996
92$83,745,512$22,138,371$14,654,431$63,626,019
93$92,203,700$23,139,296$15,061,500$69,615,398
94$101,521,981$24,186,625$15,479,564$76,199,737
95$111,788,002$25,282,549$15,908,908$83,439,192
96$123,098,347$26,429,363$16,349,826$91,400,036
97$135,559,448$27,629,471$16,802,614$100,155,282
98$149,288,591$28,885,394$17,267,581$109,785,373
99$164,415,022$30,199,774$17,745,040$120,378,933
100$181,081,167$31,575,376$18,235,312$132,033,605