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%11.1%
1 years$602,827$597,458$592,219$587,105$582,112$579,416
2 years$298,429$292,871$287,485$282,262$277,196$274,475
3 years$196,977$191,395$186,022$180,848$175,865$173,202
4 years$146,260$140,695$135,376$130,291$125,428$122,845
5 years$115,838$110,307$105,057$100,076$95,349$92,852
6 years$95,564$90,074$84,902$80,031$75,446$73,040
7 years$81,087$75,644$70,554$65,798$61,358$59,043
8 years$70,235$64,841$59,835$55,197$50,902$48,679
9 years$61,799$56,456$51,536$47,015$42,867$40,735
10 years$55,054$49,763$44,930$40,528$36,525$34,483
11 years$49,539$44,301$39,556$35,271$31,413$29,460
12 years$44,947$39,762$35,105$30,938$27,221$25,356
13 years$41,064$35,933$31,364$27,313$23,738$21,958
14 years$37,738$32,662$28,181$24,246$20,808$19,112
15 years$34,859$29,838$25,443$21,623$18,321$16,707
16 years$32,342$27,376$23,068$19,361$16,192$14,657
17 years$30,123$25,212$20,991$17,396$14,357$12,899
18 years$28,153$23,297$19,162$15,677$12,766$11,382
19 years$26,393$21,591$17,542$14,165$11,378$10,067
20 years$24,810$20,064$16,099$12,830$10,163$8,922
21 years$23,381$18,689$14,808$11,644$9,095$7,921
22 years$22,082$17,445$13,648$10,587$8,153$7,043
23 years$20,899$16,316$12,602$9,642$7,318$6,270
24 years$19,816$15,287$11,654$8,794$6,578$5,589
25 years$18,821$14,346$10,794$8,031$5,919$4,988
26 years$17,904$13,483$10,011$7,343$5,332$4,455
27 years$17,056$12,689$9,296$6,721$4,807$3,982
28 years$16,270$11,957$8,642$6,158$4,337$3,562
29 years$15,540$11,280$8,042$5,647$3,916$3,189
30 years$14,860$10,653$7,491$5,183$3,539$2,856
31 years$14,225$10,070$6,984$4,760$3,199$2,559
32 years$13,630$9,529$6,516$4,374$2,894$2,294
33 years$13,073$9,024$6,084$4,023$2,619$2,058
34 years$12,550$8,552$5,684$3,701$2,371$1,846
35 years$12,058$8,112$5,314$3,407$2,148$1,657
36 years$11,594$7,699$4,972$3,138$1,946$1,488
37 years$11,156$7,313$4,653$2,891$1,764$1,336
38 years$10,743$6,950$4,358$2,665$1,599$1,200
39 years$10,351$6,608$4,083$2,457$1,450$1,078
40 years$9,980$6,287$3,827$2,266$1,315$969
41 years$9,628$5,985$3,588$2,091$1,193$871
42 years$9,294$5,700$3,366$1,930$1,083$783
43 years$8,976$5,431$3,158$1,781$983$704
44 years$8,673$5,177$2,965$1,645$892$633
45 years$8,385$4,936$2,784$1,519$810$569
46 years$8,110$4,709$2,615$1,403$735$512
47 years$7,848$4,494$2,456$1,296$668$460
48 years$7,597$4,290$2,308$1,198$606$414
49 years$7,357$4,097$2,170$1,107$551$372
50 years$7,127$3,913$2,040$1,023$500$335

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 $3,276 every year, while hoping to spend $30,154 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: 82/10/8 Blend
66$7,300,000$7,300,000$7,300,000$7,300,000
67$8,047,979$7,661,079$7,547,929$8,699,878
68$8,836,789$8,004,388$7,768,701$9,470,180
69$9,705,048$8,363,509$7,995,858$10,311,318
70$10,660,826$8,739,184$8,229,583$11,233,825
71$11,713,018$9,132,192$8,470,062$12,245,835
72$12,871,425$9,543,349$8,717,488$13,356,307
73$14,146,845$9,973,507$8,972,058$14,575,103
74$15,551,177$10,423,564$9,233,977$15,913,088
75$17,097,535$10,894,456$9,503,452$17,382,226
76$18,800,365$11,387,165$9,780,699$18,995,694
77$20,675,588$11,902,723$10,065,939$20,768,005
78$22,740,748$12,442,206$10,359,398$22,715,143
79$25,015,177$13,006,747$10,661,310$24,854,716
80$27,520,175$13,597,528$10,971,915$27,206,116
81$30,279,218$14,215,791$11,291,458$29,790,706
82$33,318,170$14,862,837$11,620,194$32,632,018
83$36,665,535$15,540,027$11,958,382$35,755,972
84$40,352,721$16,248,791$12,306,290$39,191,122
85$44,414,341$16,990,624$12,664,193$42,968,926
86$48,888,534$17,767,095$13,032,374$47,124,035
87$53,817,329$18,579,846$13,411,122$51,694,624
88$59,247,038$19,430,601$13,800,737$56,722,751
89$65,228,699$20,321,163$14,201,524$62,254,747
90$71,818,551$21,253,425$14,613,800$68,341,659
91$79,078,568$22,229,367$15,037,887$75,039,723
92$87,077,045$23,251,069$15,474,119$82,410,899
93$95,889,238$24,320,706$15,922,837$90,523,448
94$105,598,081$25,440,562$16,384,393$99,452,581
95$116,294,962$26,613,026$16,859,147$109,281,162
96$128,080,591$27,840,607$17,347,470$120,100,488
97$141,065,945$29,125,930$17,849,744$132,011,151
98$155,373,321$30,471,750$18,366,360$145,123,985
99$171,137,486$31,880,953$18,897,720$159,561,108
100$188,506,953$33,356,563$19,444,238$175,457,072