Can I retire at age 67 with 7,500,000?

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 $7,500,000?

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$619,343$613,826$608,444$603,190$598,061$575,241
2 years$306,605$300,895$295,361$289,995$284,791$262,069
3 years$202,373$196,638$191,118$185,803$180,683$158,774
4 years$150,267$144,550$139,085$133,860$128,865$107,935
5 years$119,012$113,329$107,936$102,818$97,961$78,065
6 years$98,182$92,542$87,228$82,224$77,513$58,664
7 years$83,309$77,716$72,487$67,601$63,039$45,231
8 years$72,160$66,617$61,475$56,709$52,297$35,514
9 years$63,492$58,002$52,948$48,303$44,041$28,259
10 years$56,562$51,126$46,161$41,638$37,526$22,714
11 years$50,896$45,515$40,640$36,237$32,273$18,399
12 years$46,178$40,851$36,067$31,785$27,967$14,996
13 years$42,189$36,918$32,223$28,062$24,388$12,281
14 years$38,772$33,557$28,953$24,910$21,378$10,096
15 years$35,814$30,655$26,140$22,215$18,823$8,327
16 years$33,228$28,126$23,700$19,891$16,636$6,884
17 years$30,948$25,903$21,566$17,872$14,751$5,704
18 years$28,925$23,935$19,687$16,106$13,116$4,734
19 years$27,116$22,183$18,023$14,554$11,690$3,934
20 years$25,490$20,613$16,540$13,181$10,442$3,274
21 years$24,021$19,201$15,214$11,963$9,344$2,726
22 years$22,687$17,923$14,022$10,877$8,376$2,272
23 years$21,471$16,763$12,947$9,906$7,519$1,895
24 years$20,358$15,706$11,974$9,035$6,758$1,582
25 years$19,336$14,739$11,090$8,251$6,081$1,321
26 years$18,394$13,852$10,285$7,544$5,478$1,103
27 years$17,523$13,037$9,551$6,905$4,939$922
28 years$16,716$12,284$8,879$6,327$4,456$770
29 years$15,966$11,589$8,262$5,802$4,024$644
30 years$15,267$10,945$7,696$5,325$3,636$538
31 years$14,614$10,346$7,175$4,890$3,287$450
32 years$14,004$9,790$6,694$4,494$2,973$376
33 years$13,431$9,271$6,251$4,133$2,691$315
34 years$12,894$8,787$5,840$3,803$2,436$263
35 years$12,388$8,334$5,460$3,500$2,207$220
36 years$11,912$7,910$5,108$3,224$1,999$184
37 years$11,462$7,513$4,781$2,970$1,812$154
38 years$11,037$7,140$4,477$2,738$1,643$129
39 years$10,635$6,789$4,194$2,524$1,490$108
40 years$10,254$6,460$3,931$2,328$1,351$90
41 years$9,892$6,149$3,686$2,148$1,226$76
42 years$9,549$5,856$3,458$1,983$1,112$63
43 years$9,222$5,580$3,245$1,830$1,010$53
44 years$8,911$5,319$3,046$1,690$916$44
45 years$8,615$5,072$2,860$1,561$832$37
46 years$8,332$4,838$2,686$1,442$755$31
47 years$8,063$4,617$2,524$1,332$686$26
48 years$7,805$4,408$2,372$1,231$623$22
49 years$7,558$4,209$2,229$1,137$566$18
50 years$7,323$4,021$2,096$1,051$514$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $7,500,000, adding $3,966 every year, while hoping to spend $52,201 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: 53/23/24 Blend
66$7,500,000$7,500,000$7,500,000$7,500,000
67$8,269,091$7,871,591$7,755,341$8,652,159
68$9,056,997$8,201,757$7,959,603$9,247,043
69$9,923,519$8,546,353$8,168,959$9,888,341
70$10,876,623$8,906,028$8,383,524$10,585,143
71$11,925,081$9,281,466$8,603,414$11,342,766
72$13,078,562$9,673,381$8,828,751$12,167,058
73$14,347,717$10,082,518$9,059,657$13,064,453
74$15,744,283$10,509,661$9,296,254$14,042,023
75$17,281,192$10,955,626$9,538,670$15,107,552
76$18,972,691$11,421,269$9,787,033$16,269,598
77$20,834,481$11,907,487$10,041,475$17,537,581
78$22,883,861$12,415,217$10,302,127$18,921,864
79$25,139,892$12,945,439$10,569,125$20,433,849
80$27,623,577$13,499,182$10,842,607$22,086,087
81$30,358,060$14,077,520$11,122,712$23,892,388
82$33,368,841$14,681,578$11,409,582$25,867,953
83$36,684,022$15,312,533$11,703,362$28,029,516
84$40,334,565$15,971,620$12,004,197$30,395,493
85$44,354,589$16,660,129$12,312,237$32,986,162
86$48,781,692$17,379,410$12,627,631$35,823,845
87$53,657,302$18,130,878$12,950,534$38,933,117
88$59,027,070$18,916,015$13,281,101$42,341,039
89$64,941,302$19,736,369$13,619,488$46,077,404
90$71,455,429$20,593,566$13,965,855$50,175,021
91$78,630,536$21,489,304$14,320,364$54,670,015
92$86,533,933$22,425,362$14,683,179$59,602,170
93$95,239,794$23,403,605$15,054,466$65,015,300
94$104,829,854$24,425,983$15,434,391$70,957,655
95$115,394,181$25,494,538$15,823,125$77,482,376
96$127,032,028$26,611,411$16,220,840$84,647,990
97$139,852,766$27,778,841$16,627,710$92,518,962
98$153,976,919$28,999,174$17,043,908$101,166,293
99$169,537,298$30,274,868$17,469,613$110,668,193
100$186,680,261$31,608,495$17,905,004$121,110,806