Can I retire at age 67 with 7,600,000?

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 $7,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$627,601$622,011$616,556$611,233$606,035$585,231
2 years$310,694$304,907$299,299$293,862$288,588$267,840
3 years$205,072$199,260$193,666$188,280$183,092$163,052
4 years$152,271$146,477$140,940$135,645$130,583$111,404
5 years$120,599$114,840$109,375$104,189$99,267$81,000
6 years$99,491$93,775$88,391$83,320$78,547$61,206
7 years$84,420$78,753$73,453$68,502$63,879$47,462
8 years$73,122$67,505$62,294$57,465$52,994$37,486
9 years$64,339$58,776$53,654$48,947$44,629$30,012
10 years$57,317$51,808$46,777$42,193$38,026$24,276
11 years$51,575$46,121$41,182$36,721$32,704$19,793
12 years$46,794$41,396$36,548$32,209$28,340$16,240
13 years$42,751$37,410$32,653$28,436$24,713$13,391
14 years$39,289$34,005$29,339$25,242$21,663$11,086
15 years$36,291$31,064$26,489$22,511$19,074$9,208
16 years$33,671$28,501$24,016$20,157$16,858$7,669
17 years$31,361$26,248$21,854$18,110$14,947$6,401
18 years$29,310$24,254$19,950$16,321$13,290$5,352
19 years$27,477$22,479$18,263$14,748$11,846$4,482
20 years$25,830$20,888$16,761$13,357$10,581$3,758
21 years$24,341$19,457$15,417$12,122$9,469$3,154
22 years$22,990$18,162$14,209$11,022$8,488$2,650
23 years$21,758$16,987$13,119$10,038$7,619$2,228
24 years$20,630$15,915$12,133$9,155$6,848$1,874
25 years$19,594$14,936$11,238$8,361$6,162$1,577
26 years$18,639$14,037$10,422$7,645$5,551$1,328
27 years$17,757$13,211$9,678$6,997$5,004$1,118
28 years$16,939$12,448$8,997$6,411$4,516$942
29 years$16,179$11,744$8,373$5,879$4,077$794
30 years$15,470$11,091$7,799$5,396$3,684$669
31 years$14,809$10,484$7,271$4,955$3,331$564
32 years$14,190$9,920$6,784$4,554$3,013$476
33 years$13,610$9,395$6,334$4,188$2,727$401
34 years$13,066$8,904$5,918$3,853$2,469$338
35 years$12,553$8,445$5,533$3,547$2,236$285
36 years$12,071$8,016$5,176$3,267$2,026$241
37 years$11,615$7,613$4,845$3,010$1,836$203
38 years$11,184$7,235$4,537$2,774$1,665$171
39 years$10,777$6,880$4,250$2,558$1,510$145
40 years$10,390$6,546$3,984$2,359$1,369$122
41 years$10,024$6,231$3,736$2,177$1,242$103
42 years$9,676$5,934$3,504$2,009$1,127$87
43 years$9,345$5,654$3,288$1,855$1,023$73
44 years$9,030$5,389$3,087$1,712$929$62
45 years$8,730$5,139$2,898$1,581$843$52
46 years$8,443$4,903$2,722$1,461$765$44
47 years$8,170$4,679$2,557$1,350$695$37
48 years$7,909$4,466$2,403$1,247$631$31
49 years$7,659$4,265$2,259$1,153$573$26
50 years$7,420$4,074$2,124$1,065$521$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $7,600,000, adding $4,437 every year, while hoping to spend $54,501 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: 70/21/9 Blend
66$7,600,000$7,600,000$7,600,000$7,600,000
67$8,379,777$7,976,977$7,859,177$8,952,042
68$9,176,525$8,309,860$8,064,471$9,664,379
69$10,052,716$8,657,228$8,274,815$10,436,514
70$11,016,393$9,019,733$8,490,322$11,279,956
71$12,076,422$9,398,056$8,711,105$12,201,704
72$13,242,570$9,792,913$8,937,279$13,209,461
73$14,525,596$10,205,051$9,168,962$14,311,702
74$15,937,358$10,635,249$9,406,274$15,517,758
75$17,490,920$11,084,328$9,649,335$16,837,898
76$19,200,675$11,553,141$9,898,269$18,283,425
77$21,082,484$12,042,586$10,153,202$19,866,783
78$23,153,824$12,553,598$10,414,260$21,601,672
79$25,433,948$13,087,159$10,681,572$23,503,174
80$27,944,077$13,644,296$10,955,270$25,587,894
81$30,707,588$14,226,081$11,235,487$27,874,117
82$33,750,244$14,833,641$11,522,358$30,381,975
83$37,100,430$15,468,151$11,816,019$33,133,639
84$40,789,427$16,130,844$12,116,608$36,153,522
85$44,851,702$16,823,008$12,424,268$39,468,508
86$49,325,233$17,545,993$12,739,139$43,108,207
87$54,251,873$18,301,213$13,061,366$47,105,226
88$59,677,737$19,090,145$13,391,094$51,495,481
89$65,653,643$19,914,339$13,728,472$56,318,525
90$72,235,587$20,775,414$14,073,649$61,617,926
91$79,485,276$21,675,069$14,426,775$67,441,673
92$87,470,705$22,615,078$14,788,004$73,842,624
93$96,266,803$23,597,303$15,157,488$80,879,001
94$105,956,137$24,623,691$15,535,383$88,614,942
95$116,629,691$25,696,280$15,921,847$97,121,096
96$128,387,728$26,817,207$16,317,038$106,475,291
97$141,340,732$27,988,705$16,721,114$116,763,261
98$155,610,452$29,213,117$17,134,236$128,079,456
99$171,331,052$30,492,893$17,556,567$140,527,924
100$188,650,375$31,830,601$17,988,268$154,223,293