Can I retire at age 67 with 6,300,000?

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$520,248$515,614$511,093$506,680$502,371$482,820
2 years$257,549$252,752$248,103$243,596$239,224$219,763
3 years$169,994$165,176$160,539$156,074$151,774$133,015
4 years$126,225$121,422$116,831$112,443$108,246$90,333
5 years$99,970$95,196$90,666$86,367$82,287$65,265
6 years$82,473$77,735$73,272$69,068$65,111$48,991
7 years$69,980$65,282$60,889$56,785$52,953$37,730
8 years$60,614$55,958$51,639$47,635$43,929$29,589
9 years$53,333$48,722$44,476$40,575$36,995$23,515
10 years$47,512$42,946$38,776$34,976$31,521$18,877
11 years$42,753$38,232$34,137$30,439$27,110$15,272
12 years$38,789$34,315$30,296$26,700$23,493$12,430
13 years$35,438$31,011$27,068$23,572$20,486$10,165
14 years$32,569$28,188$24,320$20,924$17,958$8,346
15 years$30,084$25,750$21,958$18,661$15,812$6,873
16 years$27,911$23,625$19,908$16,709$13,974$5,674
17 years$25,997$21,758$18,116$15,013$12,391$4,694
18 years$24,297$20,106$16,537$13,529$11,017$3,890
19 years$22,777$18,634$15,139$12,225$9,820$3,228
20 years$21,412$17,315$13,894$11,072$8,771$2,682
21 years$20,178$16,128$12,780$10,049$7,849$2,230
22 years$19,057$15,055$11,778$9,136$7,036$1,856
23 years$18,036$14,081$10,875$8,321$6,316$1,546
24 years$17,101$13,193$10,058$7,589$5,677$1,288
25 years$16,242$12,381$9,316$6,931$5,108$1,073
26 years$15,451$11,636$8,640$6,337$4,601$895
27 years$14,719$10,951$8,023$5,801$4,148$747
28 years$14,041$10,319$7,458$5,315$3,743$623
29 years$13,411$9,735$6,940$4,874$3,380$520
30 years$12,824$9,193$6,465$4,473$3,054$434
31 years$12,276$8,691$6,027$4,108$2,761$362
32 years$11,763$8,223$5,623$3,775$2,498$302
33 years$11,282$7,788$5,250$3,472$2,260$253
34 years$10,831$7,381$4,906$3,194$2,047$211
35 years$10,406$7,001$4,586$2,940$1,854$176
36 years$10,006$6,645$4,291$2,708$1,679$147
37 years$9,628$6,311$4,016$2,495$1,522$123
38 years$9,271$5,998$3,761$2,300$1,380$103
39 years$8,933$5,703$3,523$2,121$1,251$86
40 years$8,613$5,426$3,302$1,956$1,135$72
41 years$8,309$5,165$3,097$1,805$1,030$60
42 years$8,021$4,919$2,905$1,665$934$50
43 years$7,746$4,687$2,726$1,537$848$42
44 years$7,485$4,468$2,559$1,419$770$35
45 years$7,236$4,260$2,402$1,311$699$29
46 years$6,999$4,064$2,256$1,211$634$24
47 years$6,773$3,878$2,120$1,119$576$20
48 years$6,556$3,702$1,992$1,034$523$17
49 years$6,349$3,536$1,872$955$475$14
50 years$6,151$3,377$1,760$883$432$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $6,300,000, adding $3,330 every year, while hoping to spend $46,201 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: 67/13/20 Blend
66$6,300,000$6,300,000$6,300,000$6,300,000
67$6,946,035$6,612,135$6,514,485$7,376,497
68$7,605,373$6,886,972$6,683,563$7,940,022
69$8,330,415$7,173,728$6,856,756$8,550,379
70$9,127,814$7,472,937$7,034,154$9,216,732
71$10,004,900$7,785,160$7,215,848$9,944,588
72$10,969,750$8,110,983$7,401,928$10,740,009
73$12,031,261$8,451,018$7,592,490$11,609,668
74$13,199,239$8,805,906$7,787,627$12,560,910
75$14,484,484$9,176,319$7,987,436$13,601,824
76$15,898,901$9,562,958$8,192,014$14,741,314
77$17,455,604$9,966,558$8,401,462$15,989,183
78$19,169,044$10,387,888$8,615,879$17,356,227
79$21,055,143$10,827,751$8,835,367$18,854,334
80$23,131,446$11,286,989$9,060,030$20,496,593
81$25,417,285$11,766,483$9,289,973$22,297,421
82$27,933,963$12,267,155$9,525,302$24,272,692
83$30,704,951$12,789,970$9,766,124$26,439,892
84$33,756,115$13,335,937$10,012,547$28,818,278
85$37,115,953$13,906,113$10,264,682$31,429,060
86$40,815,872$14,501,604$10,522,641$34,295,598
87$44,890,477$15,123,568$10,786,535$37,443,626
88$49,377,899$15,773,217$11,056,478$40,901,487
89$54,320,160$16,451,819$11,332,584$44,700,402
90$59,763,561$17,160,703$11,614,971$48,874,764
91$65,759,125$17,901,259$11,903,753$53,462,460
92$72,363,077$18,674,942$12,199,050$58,505,224
93$79,637,373$19,483,276$12,500,980$64,049,034
94$87,650,284$20,327,855$12,809,662$70,144,541
95$96,477,044$21,210,352$13,125,217$76,847,544
96$106,200,556$22,132,513$13,447,766$84,219,520
97$116,912,177$23,096,169$13,777,430$92,328,193
98$128,712,576$24,103,239$14,114,331$101,248,181
99$141,712,690$25,155,729$14,458,592$111,061,692
100$156,034,765$26,255,741$14,810,336$121,859,297