Can I retire at age 67 with 7,900,000?

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 $7,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$652,375$646,564$640,894$635,360$629,957$620,287
2 years$322,958$316,943$311,114$305,462$299,980$290,261
3 years$213,166$207,126$201,311$195,712$190,319$180,854
4 years$158,282$152,259$146,503$141,000$135,737$126,598
5 years$125,359$119,373$113,692$108,301$103,185$94,399
6 years$103,418$97,477$91,880$86,609$81,647$73,224
7 years$87,752$81,861$76,353$71,206$66,401$58,343
8 years$76,008$70,170$64,753$59,733$55,086$47,393
9 years$66,878$61,096$55,772$50,879$46,390$39,058
10 years$59,579$53,853$48,623$43,859$39,527$32,549
11 years$53,611$47,942$42,807$38,170$33,994$27,364
12 years$48,641$43,030$37,990$33,480$29,459$23,168
13 years$44,439$38,887$33,942$29,558$25,689$19,728
14 years$40,840$35,347$30,497$26,238$22,519$16,879
15 years$37,724$32,290$27,535$23,400$19,827$14,498
16 years$35,000$29,626$24,964$20,952$17,523$12,495
17 years$32,599$27,284$22,716$18,825$15,537$10,798
18 years$30,467$25,212$20,737$16,965$13,815$9,354
19 years$28,562$23,366$18,984$15,330$12,314$8,119
20 years$26,850$21,713$17,422$13,884$10,999$7,059
21 years$25,302$20,225$16,025$12,601$9,843$6,147
22 years$23,897$18,879$14,770$11,457$8,823$5,360
23 years$22,617$17,657$13,637$10,434$7,920$4,678
24 years$21,444$16,544$12,612$9,516$7,118$4,088
25 years$20,367$15,525$11,681$8,691$6,405$3,574
26 years$19,375$14,591$10,834$7,947$5,770$3,128
27 years$18,458$13,732$10,060$7,274$5,202$2,739
28 years$17,607$12,940$9,352$6,664$4,694$2,399
29 years$16,817$12,207$8,703$6,111$4,238$2,103
30 years$16,081$11,528$8,107$5,609$3,830$1,844
31 years$15,394$10,898$7,558$5,151$3,462$1,618
32 years$14,751$10,312$7,051$4,734$3,132$1,420
33 years$14,148$9,765$6,584$4,353$2,834$1,246
34 years$13,582$9,255$6,152$4,005$2,566$1,094
35 years$13,049$8,779$5,751$3,687$2,324$961
36 years$12,547$8,332$5,380$3,396$2,106$844
37 years$12,073$7,914$5,036$3,129$1,909$741
38 years$11,626$7,521$4,716$2,884$1,730$651
39 years$11,202$7,152$4,418$2,659$1,569$572
40 years$10,801$6,804$4,141$2,453$1,423$503
41 years$10,420$6,477$3,883$2,263$1,291$442
42 years$10,058$6,168$3,642$2,088$1,172$388
43 years$9,714$5,877$3,418$1,928$1,063$341
44 years$9,386$5,602$3,208$1,780$965$300
45 years$9,074$5,342$3,013$1,644$876$264
46 years$8,777$5,096$2,829$1,518$796$232
47 years$8,493$4,863$2,658$1,403$722$204
48 years$8,221$4,643$2,498$1,296$656$179
49 years$7,962$4,434$2,348$1,198$596$158
50 years$7,713$4,235$2,207$1,107$541$139

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $7,900,000, adding $4,836 every year, while hoping to spend $37,744 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: 62/10/28 Blend
66$7,900,000$7,900,000$7,900,000$7,900,000
67$8,710,788$8,292,088$8,169,638$9,185,142
68$9,559,129$8,658,241$8,403,162$9,874,249
69$10,492,736$9,041,071$8,643,243$10,621,858
70$11,520,266$9,441,354$8,890,063$11,437,423
71$12,651,258$9,859,905$9,143,805$12,327,601
72$13,896,223$10,297,577$9,404,659$13,299,716
73$15,266,742$10,755,263$9,672,819$14,361,832
74$16,775,577$11,233,898$9,948,486$15,522,824
75$18,436,789$11,734,462$10,231,863$16,792,461
76$20,265,873$12,257,982$10,523,163$18,181,500
77$22,279,903$12,805,534$10,822,599$19,701,780
78$24,497,691$13,378,243$11,130,394$21,366,339
79$26,939,968$13,977,290$11,446,775$23,189,528
80$29,629,579$14,603,911$11,771,976$25,187,155
81$32,591,694$15,259,401$12,106,236$27,376,622
82$35,854,052$15,945,117$12,449,800$29,777,094
83$39,447,218$16,662,480$12,802,920$32,409,678
84$43,404,872$17,412,979$13,165,856$35,297,615
85$47,764,129$18,198,176$13,538,872$38,466,505
86$52,565,887$19,019,703$13,922,241$41,944,542
87$57,855,214$19,879,275$14,316,243$45,762,778
88$63,681,771$20,778,685$14,721,162$49,955,416
89$70,100,285$21,719,814$15,137,295$54,560,129
90$77,171,062$22,704,632$15,564,941$59,618,414
91$84,960,554$23,735,203$16,004,411$65,175,982
92$93,541,994$24,813,691$16,456,022$71,283,185
93$102,996,077$25,942,362$16,920,098$77,995,491
94$113,411,730$27,123,590$17,396,975$85,374,004
95$124,886,946$28,359,866$17,886,993$93,486,037
96$137,529,712$29,653,797$18,390,505$102,405,747
97$151,459,025$31,008,115$18,907,869$112,214,827
98$166,806,018$32,425,686$19,439,456$123,003,282
99$183,715,197$33,909,510$19,985,643$134,870,267
100$202,345,804$35,462,732$20,546,818$147,925,025