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%13.1%
1 years$619,343$613,826$608,444$603,190$598,061$590,342
2 years$306,605$300,895$295,361$289,995$284,791$277,026
3 years$202,373$196,638$191,118$185,803$180,683$173,113
4 years$150,267$144,550$139,085$133,860$128,865$121,547
5 years$119,012$113,329$107,936$102,818$97,961$90,918
6 years$98,182$92,542$87,228$82,224$77,513$70,753
7 years$83,309$77,716$72,487$67,601$63,039$56,564
8 years$72,160$66,617$61,475$56,709$52,297$46,106
9 years$63,492$58,002$52,948$48,303$44,041$38,133
10 years$56,562$51,126$46,161$41,638$37,526$31,894
11 years$50,896$45,515$40,640$36,237$32,273$26,914
12 years$46,178$40,851$36,067$31,785$27,967$22,875
13 years$42,189$36,918$32,223$28,062$24,388$19,555
14 years$38,772$33,557$28,953$24,910$21,378$16,798
15 years$35,814$30,655$26,140$22,215$18,823$14,488
16 years$33,228$28,126$23,700$19,891$16,636$12,538
17 years$30,948$25,903$21,566$17,872$14,751$10,881
18 years$28,925$23,935$19,687$16,106$13,116$9,467
19 years$27,116$22,183$18,023$14,554$11,690$8,253
20 years$25,490$20,613$16,540$13,181$10,442$7,208
21 years$24,021$19,201$15,214$11,963$9,344$6,305
22 years$22,687$17,923$14,022$10,877$8,376$5,523
23 years$21,471$16,763$12,947$9,906$7,519$4,843
24 years$20,358$15,706$11,974$9,035$6,758$4,251
25 years$19,336$14,739$11,090$8,251$6,081$3,735
26 years$18,394$13,852$10,285$7,544$5,478$3,284
27 years$17,523$13,037$9,551$6,905$4,939$2,889
28 years$16,716$12,284$8,879$6,327$4,456$2,544
29 years$15,966$11,589$8,262$5,802$4,024$2,241
30 years$15,267$10,945$7,696$5,325$3,636$1,974
31 years$14,614$10,346$7,175$4,890$3,287$1,741
32 years$14,004$9,790$6,694$4,494$2,973$1,535
33 years$13,431$9,271$6,251$4,133$2,691$1,354
34 years$12,894$8,787$5,840$3,803$2,436$1,195
35 years$12,388$8,334$5,460$3,500$2,207$1,055
36 years$11,912$7,910$5,108$3,224$1,999$931
37 years$11,462$7,513$4,781$2,970$1,812$822
38 years$11,037$7,140$4,477$2,738$1,643$726
39 years$10,635$6,789$4,194$2,524$1,490$641
40 years$10,254$6,460$3,931$2,328$1,351$566
41 years$9,892$6,149$3,686$2,148$1,226$500
42 years$9,549$5,856$3,458$1,983$1,112$442
43 years$9,222$5,580$3,245$1,830$1,010$391
44 years$8,911$5,319$3,046$1,690$916$345
45 years$8,615$5,072$2,860$1,561$832$305
46 years$8,332$4,838$2,686$1,442$755$270
47 years$8,063$4,617$2,524$1,332$686$238
48 years$7,805$4,408$2,372$1,231$623$211
49 years$7,558$4,209$2,229$1,137$566$186
50 years$7,323$4,021$2,096$1,051$514$165

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 $2,988 every year, while hoping to spend $39,990 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: 55/39/6 Blend
66$7,500,000$7,500,000$7,500,000$7,500,000
67$8,268,082$7,870,582$7,754,332$8,711,827
68$9,068,877$8,213,692$7,971,553$9,354,552
69$9,950,014$8,572,273$8,194,711$10,049,249
70$10,919,643$8,947,043$8,423,962$10,804,586
71$11,986,749$9,338,750$8,659,467$11,626,324
72$13,161,228$9,748,180$8,901,390$12,520,793
73$14,453,987$10,176,154$9,149,900$13,494,950
74$15,877,043$10,623,534$9,405,171$14,556,442
75$17,443,635$11,091,222$9,667,378$15,713,674
76$19,168,355$11,580,161$9,936,704$16,975,885
77$21,067,279$12,091,340$10,213,335$18,353,238
78$23,158,120$12,625,795$10,497,461$19,856,904
79$25,460,400$13,184,611$10,789,278$21,499,169
80$27,995,628$13,768,923$11,088,985$23,293,549
81$30,787,504$14,379,922$11,396,788$25,254,908
82$33,862,145$15,018,854$11,712,896$27,399,599
83$37,248,331$15,687,025$12,037,526$29,745,611
84$40,977,774$16,385,802$12,370,895$32,312,740
85$45,085,418$17,116,618$12,713,232$35,122,766
86$49,609,771$17,880,973$13,064,766$38,199,655
87$54,593,266$18,680,439$13,425,734$41,569,785
88$60,082,661$19,516,663$13,796,378$45,262,186
89$66,129,482$20,391,369$14,176,946$49,308,807
90$72,790,509$21,306,365$14,567,693$53,744,818
91$80,128,308$22,263,545$14,968,878$58,608,932
92$88,211,828$23,264,891$15,380,768$63,943,766
93$97,117,045$24,312,481$15,803,635$69,796,238
94$106,927,685$25,408,493$16,237,757$76,218,001
95$117,736,007$26,555,208$16,683,421$83,265,925
96$129,643,682$27,755,016$17,140,918$91,002,629
97$142,762,746$29,010,420$17,610,547$99,497,060
98$157,216,660$30,324,044$18,092,614$108,825,141
99$173,141,474$31,698,637$18,587,431$119,070,477
100$190,687,114$33,137,080$19,095,320$130,325,136