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

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 $7,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$644,117$638,379$632,782$627,318$621,983$610,174
2 years$318,870$312,931$307,176$301,595$296,182$284,331
3 years$210,468$204,504$198,763$193,235$187,910$176,386
4 years$156,278$150,332$144,648$139,215$134,019$122,910
5 years$123,772$117,862$112,253$106,930$101,879$91,218
6 years$102,109$96,243$90,717$85,513$80,614$70,412
7 years$86,641$80,825$75,386$70,305$65,560$55,820
8 years$75,046$69,282$63,934$58,977$54,389$45,108
9 years$66,032$60,322$55,066$50,235$45,803$36,976
10 years$58,825$53,171$48,008$43,303$39,027$30,645
11 years$52,932$47,335$42,265$37,687$33,564$25,618
12 years$48,025$42,486$37,509$33,057$29,086$21,564
13 years$43,876$38,395$33,512$29,184$25,364$18,254
14 years$40,323$34,900$30,111$25,906$22,234$15,523
15 years$37,246$31,881$27,186$23,104$19,576$13,251
16 years$34,557$29,251$24,648$20,687$17,301$11,348
17 years$32,186$26,939$22,429$18,587$15,341$9,744
18 years$30,082$24,893$20,475$16,751$13,640$8,386
19 years$28,201$23,070$18,744$15,136$12,158$7,231
20 years$26,510$21,438$17,202$13,708$10,860$6,245
21 years$24,982$19,969$15,822$12,441$9,718$5,401
22 years$23,595$18,640$14,583$11,312$8,711$4,677
23 years$22,330$17,434$13,465$10,302$7,819$4,054
24 years$21,173$16,334$12,453$9,396$7,028$3,517
25 years$20,110$15,329$11,534$8,581$6,324$3,054
26 years$19,130$14,407$10,697$7,846$5,697$2,653
27 years$18,224$13,558$9,933$7,182$5,136$2,306
28 years$17,384$12,776$9,234$6,580$4,634$2,006
29 years$16,604$12,053$8,593$6,034$4,185$1,745
30 years$15,877$11,382$8,004$5,538$3,781$1,519
31 years$15,199$10,760$7,462$5,086$3,419$1,323
32 years$14,564$10,181$6,962$4,674$3,092$1,152
33 years$13,969$9,642$6,501$4,298$2,799$1,004
34 years$13,410$9,138$6,074$3,955$2,534$875
35 years$12,884$8,667$5,678$3,640$2,295$762
36 years$12,388$8,227$5,312$3,353$2,079$664
37 years$11,921$7,813$4,972$3,089$1,885$579
38 years$11,479$7,426$4,656$2,847$1,709$505
39 years$11,060$7,061$4,362$2,625$1,549$440
40 years$10,664$6,718$4,089$2,422$1,405$384
41 years$10,288$6,395$3,834$2,234$1,275$335
42 years$9,931$6,090$3,596$2,062$1,157$292
43 years$9,591$5,803$3,375$1,903$1,050$255
44 years$9,268$5,531$3,168$1,757$953$222
45 years$8,959$5,275$2,974$1,623$865$194
46 years$8,666$5,032$2,794$1,499$786$169
47 years$8,385$4,802$2,625$1,385$713$148
48 years$8,117$4,584$2,466$1,280$648$129
49 years$7,861$4,377$2,318$1,183$588$112
50 years$7,616$4,182$2,179$1,093$534$98

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 $2,273 every year, while hoping to spend $44,806 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: 50/21/29 Blend
66$7,800,000$7,800,000$7,800,000$7,800,000
67$8,597,945$8,184,545$8,063,645$8,957,070
68$9,427,262$8,537,914$8,286,103$9,562,093
69$10,339,667$8,907,097$8,514,513$10,214,720
70$11,343,590$9,292,821$8,749,025$10,923,249
71$12,448,314$9,695,847$8,989,796$11,693,011
72$13,664,072$10,116,974$9,236,984$12,529,867
73$15,002,138$10,557,036$9,490,753$13,440,261
74$16,474,932$11,016,907$9,751,270$14,431,281
75$18,096,143$11,497,503$10,018,705$15,510,721
76$19,880,851$11,999,782$10,293,233$16,687,156
77$21,845,675$12,524,749$10,575,034$17,970,015
78$24,008,926$13,073,453$10,864,289$19,369,676
79$26,390,780$13,646,997$11,161,187$20,897,554
80$29,013,472$14,246,532$11,465,919$22,566,211
81$31,901,499$14,873,265$11,778,681$24,389,471
82$35,081,858$15,528,461$12,099,672$26,382,547
83$38,584,295$16,213,443$12,429,099$28,562,183
84$42,441,589$16,929,598$12,767,170$30,946,809
85$46,689,861$17,678,378$13,114,100$33,556,711
86$51,368,913$18,461,304$13,470,107$36,414,220
87$56,522,603$19,279,969$13,835,417$39,543,923
88$62,199,262$20,136,041$14,210,258$42,972,884
89$68,452,149$21,031,269$14,594,863$46,730,904
90$75,339,949$21,967,482$14,989,472$50,850,795
91$82,927,334$22,946,599$15,394,330$55,368,687
92$91,285,568$23,970,628$15,809,685$60,324,363
93$100,493,180$25,041,673$16,235,794$65,761,634
94$110,636,708$26,161,939$16,672,917$71,728,745
95$121,811,513$27,333,734$17,121,320$78,278,829
96$134,122,678$28,559,478$17,581,275$85,470,402
97$147,686,004$29,841,705$18,053,060$93,367,911
98$162,629,097$31,183,069$18,536,958$102,042,338
99$179,092,578$32,586,353$19,033,260$111,571,865
100$197,231,406$34,054,469$19,542,259$122,042,604