Can I retire at age 67 with 7,300,000?

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 $7,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$602,827$597,458$592,219$587,105$582,112$559,901
2 years$298,429$292,871$287,485$282,262$277,196$255,080
3 years$196,977$191,395$186,022$180,848$175,865$154,540
4 years$146,260$140,695$135,376$130,291$125,428$105,057
5 years$115,838$110,307$105,057$100,076$95,349$75,983
6 years$95,564$90,074$84,902$80,031$75,446$57,100
7 years$81,087$75,644$70,554$65,798$61,358$44,025
8 years$70,235$64,841$59,835$55,197$50,902$34,567
9 years$61,799$56,456$51,536$47,015$42,867$27,505
10 years$55,054$49,763$44,930$40,528$36,525$22,108
11 years$49,539$44,301$39,556$35,271$31,413$17,909
12 years$44,947$39,762$35,105$30,938$27,221$14,596
13 years$41,064$35,933$31,364$27,313$23,738$11,953
14 years$37,738$32,662$28,181$24,246$20,808$9,827
15 years$34,859$29,838$25,443$21,623$18,321$8,104
16 years$32,342$27,376$23,068$19,361$16,192$6,701
17 years$30,123$25,212$20,991$17,396$14,357$5,552
18 years$28,153$23,297$19,162$15,677$12,766$4,608
19 years$26,393$21,591$17,542$14,165$11,378$3,829
20 years$24,810$20,064$16,099$12,830$10,163$3,186
21 years$23,381$18,689$14,808$11,644$9,095$2,654
22 years$22,082$17,445$13,648$10,587$8,153$2,212
23 years$20,899$16,316$12,602$9,642$7,318$1,845
24 years$19,816$15,287$11,654$8,794$6,578$1,540
25 years$18,821$14,346$10,794$8,031$5,919$1,285
26 years$17,904$13,483$10,011$7,343$5,332$1,074
27 years$17,056$12,689$9,296$6,721$4,807$897
28 years$16,270$11,957$8,642$6,158$4,337$750
29 years$15,540$11,280$8,042$5,647$3,916$627
30 years$14,860$10,653$7,491$5,183$3,539$524
31 years$14,225$10,070$6,984$4,760$3,199$438
32 years$13,630$9,529$6,516$4,374$2,894$366
33 years$13,073$9,024$6,084$4,023$2,619$306
34 years$12,550$8,552$5,684$3,701$2,371$256
35 years$12,058$8,112$5,314$3,407$2,148$214
36 years$11,594$7,699$4,972$3,138$1,946$179
37 years$11,156$7,313$4,653$2,891$1,764$150
38 years$10,743$6,950$4,358$2,665$1,599$126
39 years$10,351$6,608$4,083$2,457$1,450$105
40 years$9,980$6,287$3,827$2,266$1,315$88
41 years$9,628$5,985$3,588$2,091$1,193$74
42 years$9,294$5,700$3,366$1,930$1,083$62
43 years$8,976$5,431$3,158$1,781$983$51
44 years$8,673$5,177$2,965$1,645$892$43
45 years$8,385$4,936$2,784$1,519$810$36
46 years$8,110$4,709$2,615$1,403$735$30
47 years$7,848$4,494$2,456$1,296$668$25
48 years$7,597$4,290$2,308$1,198$606$21
49 years$7,357$4,097$2,170$1,107$551$18
50 years$7,127$3,913$2,040$1,023$500$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $7,300,000, adding $3,795 every year, while hoping to spend $49,322 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: 33/39/28 Blend
66$7,300,000$7,300,000$7,300,000$7,300,000
67$8,048,515$7,661,615$7,548,465$8,245,497
68$8,816,985$7,984,555$7,748,860$8,718,573
69$9,662,186$8,321,667$7,954,315$9,223,412
70$10,591,893$8,673,593$8,164,949$9,766,544
71$11,614,670$9,041,003$8,380,879$10,351,394
72$12,739,957$9,424,603$8,602,229$10,981,717
73$13,978,152$9,825,128$8,829,123$11,661,633
74$15,340,712$10,243,348$9,061,687$12,395,659
75$16,840,262$10,680,069$9,300,051$13,188,754
76$18,490,713$11,136,136$9,544,347$14,046,360
77$20,307,390$11,612,432$9,794,707$14,974,452
78$22,307,184$12,109,881$10,051,270$15,979,588
79$24,508,703$12,629,451$10,314,173$17,068,972
80$26,932,451$13,172,155$10,583,558$18,250,517
81$29,601,023$13,739,052$10,859,570$19,532,915
82$32,539,315$14,331,254$11,142,353$20,925,716
83$35,774,762$14,949,922$11,432,059$22,439,415
84$39,337,592$15,596,272$11,728,837$24,085,547
85$43,261,115$16,271,578$12,032,841$25,876,792
86$47,582,037$16,977,174$12,344,230$27,827,088
87$52,340,804$17,714,454$12,663,161$29,951,762
88$57,581,985$18,484,882$12,989,796$32,267,667
89$63,354,693$19,289,987$13,324,300$34,793,336
90$69,713,047$20,131,371$13,666,839$37,549,154
91$76,716,682$21,010,713$14,017,582$40,557,545
92$84,431,314$21,929,769$14,376,702$43,843,175
93$92,929,359$22,890,378$14,744,373$47,433,182
94$102,290,616$23,894,469$15,120,771$51,357,425
95$112,603,018$24,944,057$15,506,076$55,648,760
96$123,963,466$26,041,256$15,900,470$60,343,343
97$136,478,740$27,188,278$16,304,137$65,480,964
98$150,266,509$28,387,441$16,717,262$71,105,416
99$165,456,439$29,641,172$17,140,037$77,264,903
100$182,191,418$30,952,012$17,572,650$84,012,481