Can I retire at age 67 with 5,600,000?

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 $5,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$462,443$458,324$454,305$450,382$446,552$443,552
2 years$228,932$224,668$220,536$216,530$212,644$209,618
3 years$151,105$146,823$142,702$138,733$134,910$131,952
4 years$112,200$107,931$103,850$99,949$96,219$93,352
5 years$88,862$84,619$80,592$76,771$73,144$70,377
6 years$73,309$69,098$65,130$61,394$57,876$55,212
7 years$62,204$58,028$54,124$50,475$47,069$44,509
8 years$53,879$49,741$45,901$42,343$39,048$36,592
9 years$47,408$43,308$39,535$36,066$32,884$30,532
10 years$42,233$38,174$34,467$31,090$28,019$25,769
11 years$38,003$33,984$30,344$27,057$24,097$21,948
12 years$34,480$30,502$26,930$23,733$20,882$18,831
13 years$31,501$27,565$24,060$20,953$18,210$16,256
14 years$28,950$25,056$21,618$18,599$15,963$14,103
15 years$26,741$22,889$19,518$16,587$14,055$12,287
16 years$24,810$21,000$17,696$14,852$12,422$10,743
17 years$23,108$19,341$16,103$13,345$11,014$9,422
18 years$21,597$17,872$14,700$12,026$9,793$8,285
19 years$20,247$16,563$13,457$10,867$8,729$7,302
20 years$19,033$15,391$12,350$9,842$7,797$6,447
21 years$17,936$14,336$11,360$8,932$6,977$5,703
22 years$16,940$13,383$10,470$8,121$6,254$5,052
23 years$16,032$12,516$9,667$7,396$5,614$4,481
24 years$15,201$11,727$8,940$6,746$5,046$3,979
25 years$14,438$11,005$8,280$6,161$4,541$3,537
26 years$13,734$10,343$7,680$5,633$4,090$3,147
27 years$13,084$9,734$7,131$5,156$3,687$2,802
28 years$12,481$9,172$6,629$4,724$3,327$2,497
29 years$11,921$8,653$6,169$4,332$3,004$2,226
30 years$11,399$8,172$5,746$3,976$2,715$1,986
31 years$10,912$7,725$5,357$3,651$2,454$1,772
32 years$10,456$7,310$4,998$3,356$2,220$1,582
33 years$10,029$6,922$4,667$3,086$2,009$1,413
34 years$9,627$6,561$4,361$2,839$1,819$1,263
35 years$9,250$6,223$4,077$2,614$1,648$1,129
36 years$8,894$5,906$3,814$2,407$1,493$1,009
37 years$8,558$5,610$3,570$2,218$1,353$902
38 years$8,241$5,331$3,343$2,044$1,227$807
39 years$7,941$5,069$3,132$1,885$1,112$722
40 years$7,656$4,823$2,936$1,739$1,009$646
41 years$7,386$4,591$2,753$1,604$915$578
42 years$7,130$4,372$2,582$1,480$831$517
43 years$6,886$4,166$2,423$1,367$754$463
44 years$6,654$3,971$2,274$1,262$684$415
45 years$6,432$3,787$2,135$1,165$621$371
46 years$6,221$3,613$2,006$1,076$564$332
47 years$6,020$3,447$1,884$994$512$298
48 years$5,828$3,291$1,771$919$465$267
49 years$5,644$3,143$1,664$849$422$239
50 years$5,468$3,002$1,565$785$384$214

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $5,600,000, adding $6,685 every year, while hoping to spend $53,683 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: 38/37/25 Blend
66$5,600,000$5,600,000$5,600,000$5,600,000
67$6,178,096$5,881,296$5,794,496$6,366,549
68$6,751,143$6,112,361$5,931,493$6,735,777
69$7,380,842$6,352,949$6,071,280$7,129,084
70$8,072,915$6,603,470$6,213,895$7,553,100
71$8,833,664$6,864,352$6,359,373$8,010,640
72$9,670,035$7,136,043$6,507,749$8,504,796
73$10,589,680$7,419,010$6,659,059$9,038,962
74$11,601,027$7,713,741$6,813,337$9,616,867
75$12,713,364$8,020,747$6,970,617$10,242,605
76$13,936,924$8,340,560$7,130,929$10,920,679
77$15,282,981$8,673,739$7,294,307$11,656,034
78$16,763,958$9,020,865$7,460,778$12,454,105
79$18,393,541$9,382,546$7,630,374$13,320,868
80$20,186,810$9,759,419$7,803,119$14,262,891
81$22,160,382$10,152,148$7,979,042$15,287,399
82$24,332,567$10,561,429$8,158,165$16,402,334
83$26,723,536$10,987,987$8,340,511$17,616,431
84$29,355,520$11,432,581$8,526,101$18,939,299
85$32,253,010$11,896,005$8,714,953$20,381,509
86$35,442,996$12,379,088$8,907,083$21,954,687
87$38,955,217$12,882,698$9,102,505$23,671,628
88$42,822,440$13,407,742$9,301,230$25,546,409
89$47,080,775$13,955,167$9,503,267$27,594,521
90$51,770,008$14,525,965$9,708,621$29,833,012
91$56,933,984$15,121,172$9,917,295$32,280,645
92$62,621,014$15,741,873$10,129,288$34,958,071
93$68,884,334$16,389,201$10,344,595$37,888,023
94$75,782,605$17,064,341$10,563,208$41,095,524
95$83,380,470$17,768,533$10,785,115$44,608,123
96$91,749,160$18,503,073$11,010,299$48,456,146
97$100,967,169$19,269,319$11,238,739$52,672,985
98$111,120,993$20,068,687$11,470,409$57,295,406
99$122,305,944$20,902,663$11,705,277$62,363,889
100$134,627,055$21,772,798$11,943,308$67,923,011