Can I retire at age 67 with 7,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $7,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$644,117$638,379$632,782$627,318$621,983$617,804
2 years$318,870$312,931$307,176$301,595$296,182$291,968
3 years$210,468$204,504$198,763$193,235$187,910$183,791
4 years$156,278$150,332$144,648$139,215$134,019$130,026
5 years$123,772$117,862$112,253$106,930$101,879$98,025
6 years$102,109$96,243$90,717$85,513$80,614$76,902
7 years$86,641$80,825$75,386$70,305$65,560$61,994
8 years$75,046$69,282$63,934$58,977$54,389$50,967
9 years$66,032$60,322$55,066$50,235$45,803$42,526
10 years$58,825$53,171$48,008$43,303$39,027$35,892
11 years$52,932$47,335$42,265$37,687$33,564$30,570
12 years$48,025$42,486$37,509$33,057$29,086$26,229
13 years$43,876$38,395$33,512$29,184$25,364$22,642
14 years$40,323$34,900$30,111$25,906$22,234$19,643
15 years$37,246$31,881$27,186$23,104$19,576$17,114
16 years$34,557$29,251$24,648$20,687$17,301$14,964
17 years$32,186$26,939$22,429$18,587$15,341$13,123
18 years$30,082$24,893$20,475$16,751$13,640$11,540
19 years$28,201$23,070$18,744$15,136$12,158$10,170
20 years$26,510$21,438$17,202$13,708$10,860$8,980
21 years$24,982$19,969$15,822$12,441$9,718$7,944
22 years$23,595$18,640$14,583$11,312$8,711$7,037
23 years$22,330$17,434$13,465$10,302$7,819$6,242
24 years$21,173$16,334$12,453$9,396$7,028$5,543
25 years$20,110$15,329$11,534$8,581$6,324$4,927
26 years$19,130$14,407$10,697$7,846$5,697$4,384
27 years$18,224$13,558$9,933$7,182$5,136$3,903
28 years$17,384$12,776$9,234$6,580$4,634$3,478
29 years$16,604$12,053$8,593$6,034$4,185$3,101
30 years$15,877$11,382$8,004$5,538$3,781$2,766
31 years$15,199$10,760$7,462$5,086$3,419$2,468
32 years$14,564$10,181$6,962$4,674$3,092$2,204
33 years$13,969$9,642$6,501$4,298$2,799$1,969
34 years$13,410$9,138$6,074$3,955$2,534$1,759
35 years$12,884$8,667$5,678$3,640$2,295$1,572
36 years$12,388$8,227$5,312$3,353$2,079$1,406
37 years$11,921$7,813$4,972$3,089$1,885$1,257
38 years$11,479$7,426$4,656$2,847$1,709$1,124
39 years$11,060$7,061$4,362$2,625$1,549$1,006
40 years$10,664$6,718$4,089$2,422$1,405$900
41 years$10,288$6,395$3,834$2,234$1,275$805
42 years$9,931$6,090$3,596$2,062$1,157$721
43 years$9,591$5,803$3,375$1,903$1,050$645
44 years$9,268$5,531$3,168$1,757$953$578
45 years$8,959$5,275$2,974$1,623$865$517
46 years$8,666$5,032$2,794$1,499$786$463
47 years$8,385$4,802$2,625$1,385$713$415
48 years$8,117$4,584$2,466$1,280$648$371
49 years$7,861$4,377$2,318$1,183$588$332
50 years$7,616$4,182$2,179$1,093$534$298

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $7,800,000, adding $5,368 every year, while hoping to spend $24,615 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: 62/32/6 Blend
66$7,800,000$7,800,000$7,800,000$7,800,000
67$8,601,137$8,187,737$8,066,837$9,124,877
68$9,452,263$8,562,746$8,310,886$9,849,984
69$10,389,379$8,955,305$8,562,285$10,637,690
70$11,421,229$9,366,249$8,821,256$11,496,764
71$12,557,450$9,796,452$9,088,024$12,434,100
72$13,808,661$10,246,828$9,362,824$13,457,273
73$15,186,561$10,718,340$9,645,895$14,574,615
74$16,704,044$11,211,992$9,937,486$15,795,289
75$18,375,316$11,728,839$10,237,851$17,129,370
76$20,216,033$12,269,986$10,547,254$18,587,943
77$22,243,445$12,836,593$10,865,964$20,183,199
78$24,476,563$13,429,873$11,194,260$21,928,553
79$26,936,334$14,051,098$11,532,430$23,838,761
80$29,645,842$14,701,603$11,880,767$25,930,061
81$32,630,522$15,382,786$12,239,577$28,220,320
82$35,918,405$16,096,112$12,609,173$30,729,201
83$39,540,378$16,843,118$12,989,876$33,478,343
84$43,530,479$17,625,413$13,382,019$36,491,564
85$47,926,215$18,444,686$13,785,944$39,795,077
86$52,768,919$19,302,705$14,202,003$43,417,739
87$58,104,137$20,201,325$14,630,558$47,391,313
88$63,982,059$21,142,491$15,071,983$51,750,768
89$70,457,996$22,128,240$15,526,661$56,534,602
90$77,592,896$23,160,708$15,994,988$61,785,199
91$85,453,923$24,242,134$16,477,372$67,549,226
92$94,115,092$25,374,867$16,974,233$73,878,065
93$103,657,963$26,561,368$17,486,001$80,828,296
94$114,172,416$27,804,215$18,013,123$88,462,221
95$125,757,495$29,106,115$18,556,055$96,848,449
96$138,522,346$30,469,901$19,115,270$106,062,533
97$152,587,246$31,898,547$19,691,252$116,187,679
98$168,084,738$33,395,168$20,284,502$127,315,523
99$185,160,882$34,963,033$20,895,534$139,546,988
100$203,976,636$36,605,565$21,524,877$152,993,228