Can I retire at age 67 with 7,300,000?

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 $7,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$602,827$597,458$592,219$587,105$582,112$561,235
2 years$298,429$292,871$287,485$282,262$277,196$256,389
3 years$196,977$191,395$186,022$180,848$175,865$155,781
4 years$146,260$140,695$135,376$130,291$125,428$106,221
5 years$115,838$110,307$105,057$100,076$95,349$77,069
6 years$95,564$90,074$84,902$80,031$75,446$58,107
7 years$81,087$75,644$70,554$65,798$61,358$44,956
8 years$70,235$64,841$59,835$55,197$50,902$35,424
9 years$61,799$56,456$51,536$47,015$42,867$28,291
10 years$55,054$49,763$44,930$40,528$36,525$22,826
11 years$49,539$44,301$39,556$35,271$31,413$18,563
12 years$44,947$39,762$35,105$30,938$27,221$15,190
13 years$41,064$35,933$31,364$27,313$23,738$12,491
14 years$37,738$32,662$28,181$24,246$20,808$10,312
15 years$34,859$29,838$25,443$21,623$18,321$8,541
16 years$32,342$27,376$23,068$19,361$16,192$7,093
17 years$30,123$25,212$20,991$17,396$14,357$5,902
18 years$28,153$23,297$19,162$15,677$12,766$4,921
19 years$26,393$21,591$17,542$14,165$11,378$4,108
20 years$24,810$20,064$16,099$12,830$10,163$3,434
21 years$23,381$18,689$14,808$11,644$9,095$2,873
22 years$22,082$17,445$13,648$10,587$8,153$2,406
23 years$20,899$16,316$12,602$9,642$7,318$2,017
24 years$19,816$15,287$11,654$8,794$6,578$1,691
25 years$18,821$14,346$10,794$8,031$5,919$1,419
26 years$17,904$13,483$10,011$7,343$5,332$1,190
27 years$17,056$12,689$9,296$6,721$4,807$999
28 years$16,270$11,957$8,642$6,158$4,337$839
29 years$15,540$11,280$8,042$5,647$3,916$705
30 years$14,860$10,653$7,491$5,183$3,539$592
31 years$14,225$10,070$6,984$4,760$3,199$498
32 years$13,630$9,529$6,516$4,374$2,894$418
33 years$13,073$9,024$6,084$4,023$2,619$352
34 years$12,550$8,552$5,684$3,701$2,371$296
35 years$12,058$8,112$5,314$3,407$2,148$248
36 years$11,594$7,699$4,972$3,138$1,946$209
37 years$11,156$7,313$4,653$2,891$1,764$176
38 years$10,743$6,950$4,358$2,665$1,599$148
39 years$10,351$6,608$4,083$2,457$1,450$124
40 years$9,980$6,287$3,827$2,266$1,315$104
41 years$9,628$5,985$3,588$2,091$1,193$88
42 years$9,294$5,700$3,366$1,930$1,083$74
43 years$8,976$5,431$3,158$1,781$983$62
44 years$8,673$5,177$2,965$1,645$892$52
45 years$8,385$4,936$2,784$1,519$810$44
46 years$8,110$4,709$2,615$1,403$735$37
47 years$7,848$4,494$2,456$1,296$668$31
48 years$7,597$4,290$2,308$1,198$606$26
49 years$7,357$4,097$2,170$1,107$551$22
50 years$7,127$3,913$2,040$1,023$500$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $7,300,000, adding $3,522 every year, while hoping to spend $56,437 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: 58/12/30 Blend
66$7,300,000$7,300,000$7,300,000$7,300,000
67$8,048,233$7,661,333$7,548,183$8,448,558
68$8,809,104$7,976,690$7,740,999$9,039,138
69$9,645,693$8,305,607$7,938,382$9,676,597
70$10,565,662$8,648,691$8,140,427$10,370,583
71$11,577,456$9,006,573$8,347,227$11,126,601
72$12,690,377$9,379,916$8,558,879$11,950,710
73$13,914,674$9,769,410$8,775,481$12,849,580
74$15,261,641$10,175,782$8,997,130$13,830,549
75$16,743,720$10,599,787$9,223,925$14,901,698
76$18,374,621$11,042,218$9,455,968$16,071,919
77$20,169,450$11,503,904$9,693,361$17,351,004
78$22,144,851$11,985,712$9,936,205$18,749,733
79$24,319,163$12,488,549$10,184,605$20,279,974
80$26,712,594$13,013,365$10,438,667$21,954,795
81$29,347,412$13,561,152$10,698,494$23,788,586
82$32,248,149$14,132,951$10,964,196$25,797,193
83$35,441,842$14,729,847$11,235,878$27,998,065
84$38,958,280$15,352,979$11,513,650$30,410,421
85$42,830,288$16,003,538$11,797,620$33,055,423
86$47,094,035$16,682,770$12,087,898$35,956,383
87$51,789,379$17,391,978$12,384,595$39,138,974
88$56,960,239$18,132,528$12,687,822$42,631,472
89$62,655,008$18,905,847$12,997,690$46,465,025
90$68,927,017$19,713,431$13,314,310$50,673,941
91$75,835,028$20,556,844$13,637,794$55,296,012
92$83,443,796$21,437,725$13,968,256$60,372,867
93$91,824,676$22,357,787$14,305,805$65,950,364
94$101,056,299$23,318,824$14,650,556$72,079,022
95$111,225,311$24,322,716$15,002,619$78,814,493
96$122,427,193$25,371,429$15,362,107$86,218,086
97$134,767,158$26,467,021$15,729,129$94,357,346
98$148,361,151$27,611,647$16,103,797$103,306,683
99$163,336,934$28,807,564$16,486,221$113,148,077
100$179,835,300$30,057,134$16,876,508$123,971,849