Can I retire at age 67 with 7,500,000?

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 $7,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$619,343$613,826$608,444$603,190$598,061$591,569
2 years$306,605$300,895$295,361$289,995$284,791$278,254
3 years$202,373$196,638$191,118$185,803$180,683$174,305
4 years$150,267$144,550$139,085$133,860$128,865$122,694
5 years$119,012$113,329$107,936$102,818$97,961$92,015
6 years$98,182$92,542$87,228$82,224$77,513$71,800
7 years$83,309$77,716$72,487$67,601$63,039$57,561
8 years$72,160$66,617$61,475$56,709$52,297$47,054
9 years$63,492$58,002$52,948$48,303$44,041$39,031
10 years$56,562$51,126$46,161$41,638$37,526$32,745
11 years$50,896$45,515$40,640$36,237$32,273$27,718
12 years$46,178$40,851$36,067$31,785$27,967$23,633
13 years$42,189$36,918$32,223$28,062$24,388$20,269
14 years$38,772$33,557$28,953$24,910$21,378$17,470
15 years$35,814$30,655$26,140$22,215$18,823$15,118
16 years$33,228$28,126$23,700$19,891$16,636$13,129
17 years$30,948$25,903$21,566$17,872$14,751$11,434
18 years$28,925$23,935$19,687$16,106$13,116$9,983
19 years$27,116$22,183$18,023$14,554$11,690$8,735
20 years$25,490$20,613$16,540$13,181$10,442$7,657
21 years$24,021$19,201$15,214$11,963$9,344$6,723
22 years$22,687$17,923$14,022$10,877$8,376$5,911
23 years$21,471$16,763$12,947$9,906$7,519$5,204
24 years$20,358$15,706$11,974$9,035$6,758$4,585
25 years$19,336$14,739$11,090$8,251$6,081$4,044
26 years$18,394$13,852$10,285$7,544$5,478$3,570
27 years$17,523$13,037$9,551$6,905$4,939$3,154
28 years$16,716$12,284$8,879$6,327$4,456$2,788
29 years$15,966$11,589$8,262$5,802$4,024$2,465
30 years$15,267$10,945$7,696$5,325$3,636$2,181
31 years$14,614$10,346$7,175$4,890$3,287$1,931
32 years$14,004$9,790$6,694$4,494$2,973$1,710
33 years$13,431$9,271$6,251$4,133$2,691$1,515
34 years$12,894$8,787$5,840$3,803$2,436$1,342
35 years$12,388$8,334$5,460$3,500$2,207$1,190
36 years$11,912$7,910$5,108$3,224$1,999$1,055
37 years$11,462$7,513$4,781$2,970$1,812$935
38 years$11,037$7,140$4,477$2,738$1,643$829
39 years$10,635$6,789$4,194$2,524$1,490$736
40 years$10,254$6,460$3,931$2,328$1,351$653
41 years$9,892$6,149$3,686$2,148$1,226$579
42 years$9,549$5,856$3,458$1,983$1,112$514
43 years$9,222$5,580$3,245$1,830$1,010$456
44 years$8,911$5,319$3,046$1,690$916$405
45 years$8,615$5,072$2,860$1,561$832$359
46 years$8,332$4,838$2,686$1,442$755$319
47 years$8,063$4,617$2,524$1,332$686$283
48 years$7,805$4,408$2,372$1,231$623$251
49 years$7,558$4,209$2,229$1,137$566$223
50 years$7,323$4,021$2,096$1,051$514$198

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $7,500,000, adding $2,445 every year, while hoping to spend $56,936 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: 45/28/27 Blend
66$7,500,000$7,500,000$7,500,000$7,500,000
67$8,267,522$7,870,022$7,753,772$8,574,925
68$9,050,230$8,195,074$7,952,944$9,118,455
69$9,910,866$8,534,145$8,156,880$9,701,874
70$10,857,318$8,887,862$8,365,679$10,333,513
71$11,898,278$9,256,880$8,579,443$11,017,903
72$13,043,321$9,641,887$8,798,274$11,760,021
73$14,302,999$10,043,598$9,022,275$12,565,341
74$15,688,935$10,462,765$9,251,551$13,439,876
75$17,213,939$10,900,172$9,486,211$14,390,239
76$18,892,122$11,356,642$9,726,360$15,423,699
77$20,739,034$11,833,033$9,972,108$16,548,251
78$22,771,808$12,330,244$10,223,567$17,772,686
79$25,009,323$12,849,217$10,480,847$19,106,674
80$27,472,381$13,390,935$10,744,062$20,560,851
81$30,183,901$13,956,429$11,013,326$22,146,918
82$33,169,142$14,546,776$11,288,754$23,877,748
83$36,455,930$15,163,105$11,570,464$25,767,507
84$40,074,933$15,806,595$11,858,572$27,831,780
85$44,059,939$16,478,481$12,153,198$30,087,720
86$48,448,184$17,180,057$12,454,460$32,554,205
87$53,280,694$17,912,675$12,762,480$35,252,012
88$58,602,680$18,677,752$13,077,379$38,204,010
89$64,463,960$19,476,769$13,399,278$41,435,374
90$70,919,432$20,311,277$13,728,301$44,973,818
91$78,029,585$21,182,902$14,064,571$48,849,850
92$85,861,080$22,093,341$14,408,211$53,097,062
93$94,487,371$23,044,376$14,759,347$57,752,435
94$103,989,400$24,037,867$15,118,102$62,856,693
95$114,456,362$25,075,766$15,484,601$68,454,674
96$125,986,545$26,160,112$15,858,970$74,595,755
97$138,688,259$27,293,045$16,241,332$81,334,309
98$152,680,858$28,476,800$16,631,813$88,730,215
99$168,095,863$29,713,721$17,030,536$96,849,418
100$185,078,207$31,006,260$17,437,626$105,764,546