Can I retire at age 67 with 7,600,000?

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 $7,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$627,601$622,011$616,556$611,233$606,035$583,604
2 years$310,694$304,907$299,299$293,862$288,588$266,243
3 years$205,072$199,260$193,666$188,280$183,092$161,535
4 years$152,271$146,477$140,940$135,645$130,583$109,978
5 years$120,599$114,840$109,375$104,189$99,267$79,669
6 years$99,491$93,775$88,391$83,320$78,547$59,968
7 years$84,420$78,753$73,453$68,502$63,879$46,316
8 years$73,122$67,505$62,294$57,465$52,994$36,430
9 years$64,339$58,776$53,654$48,947$44,629$29,042
10 years$57,317$51,808$46,777$42,193$38,026$23,387
11 years$51,575$46,121$41,182$36,721$32,704$18,982
12 years$46,794$41,396$36,548$32,209$28,340$15,502
13 years$42,751$37,410$32,653$28,436$24,713$12,721
14 years$39,289$34,005$29,339$25,242$21,663$10,481
15 years$36,291$31,064$26,489$22,511$19,074$8,662
16 years$33,671$28,501$24,016$20,157$16,858$7,177
17 years$31,361$26,248$21,854$18,110$14,947$5,960
18 years$29,310$24,254$19,950$16,321$13,290$4,957
19 years$27,477$22,479$18,263$14,748$11,846$4,129
20 years$25,830$20,888$16,761$13,357$10,581$3,444
21 years$24,341$19,457$15,417$12,122$9,469$2,875
22 years$22,990$18,162$14,209$11,022$8,488$2,402
23 years$21,758$16,987$13,119$10,038$7,619$2,008
24 years$20,630$15,915$12,133$9,155$6,848$1,680
25 years$19,594$14,936$11,238$8,361$6,162$1,406
26 years$18,639$14,037$10,422$7,645$5,551$1,177
27 years$17,757$13,211$9,678$6,997$5,004$986
28 years$16,939$12,448$8,997$6,411$4,516$826
29 years$16,179$11,744$8,373$5,879$4,077$692
30 years$15,470$11,091$7,799$5,396$3,684$580
31 years$14,809$10,484$7,271$4,955$3,331$486
32 years$14,190$9,920$6,784$4,554$3,013$408
33 years$13,610$9,395$6,334$4,188$2,727$342
34 years$13,066$8,904$5,918$3,853$2,469$287
35 years$12,553$8,445$5,533$3,547$2,236$240
36 years$12,071$8,016$5,176$3,267$2,026$201
37 years$11,615$7,613$4,845$3,010$1,836$169
38 years$11,184$7,235$4,537$2,774$1,665$142
39 years$10,777$6,880$4,250$2,558$1,510$119
40 years$10,390$6,546$3,984$2,359$1,369$100
41 years$10,024$6,231$3,736$2,177$1,242$84
42 years$9,676$5,934$3,504$2,009$1,127$70
43 years$9,345$5,654$3,288$1,855$1,023$59
44 years$9,030$5,389$3,087$1,712$929$49
45 years$8,730$5,139$2,898$1,581$843$41
46 years$8,443$4,903$2,722$1,461$765$35
47 years$8,170$4,679$2,557$1,350$695$29
48 years$7,909$4,466$2,403$1,247$631$24
49 years$7,659$4,265$2,259$1,153$573$21
50 years$7,420$4,074$2,124$1,065$521$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $7,600,000, adding $3,501 every year, while hoping to spend $40,294 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: 51/33/16 Blend
66$7,600,000$7,600,000$7,600,000$7,600,000
67$8,378,811$7,976,011$7,858,211$8,769,284
68$9,190,578$8,323,963$8,078,589$9,385,823
69$10,083,793$8,687,615$8,304,999$10,051,252
70$11,066,724$9,067,692$8,537,600$10,773,816
71$12,148,477$9,464,956$8,776,557$11,558,923
72$13,339,087$9,880,203$9,022,036$12,412,517
73$14,649,610$10,314,269$9,274,211$13,341,130
74$16,092,229$10,768,028$9,533,256$14,351,940
75$17,680,369$11,242,393$9,799,352$15,452,839
76$19,428,821$11,738,325$10,072,685$16,652,502
77$21,353,884$12,256,827$10,353,443$17,960,470
78$23,473,519$12,798,949$10,641,822$19,387,231
79$25,807,515$13,365,795$10,938,020$20,944,323
80$28,377,678$13,958,516$11,242,241$22,644,434
81$31,208,039$14,578,321$11,554,694$24,501,523
82$34,325,076$15,226,476$11,875,593$26,530,944
83$37,757,966$15,904,305$12,205,157$28,749,591
84$41,538,860$16,613,197$12,543,611$31,176,051
85$45,703,187$17,354,607$12,891,186$33,830,778
86$50,289,987$18,130,058$13,248,116$36,736,280
87$55,342,281$18,941,146$13,614,643$39,917,327
88$60,907,474$19,789,543$13,991,014$43,401,182
89$67,037,806$20,677,000$14,377,483$47,217,854
90$73,790,842$21,605,353$14,774,307$51,400,372
91$81,230,015$22,576,523$15,181,754$55,985,098
92$89,425,228$23,592,524$15,600,094$61,012,060
93$98,453,510$24,655,466$16,029,606$66,525,327
94$108,399,744$25,767,560$16,470,574$72,573,417
95$119,357,470$26,931,122$16,923,290$79,209,752
96$131,429,763$28,148,578$17,388,051$86,493,151
97$144,730,212$29,422,471$17,865,164$94,488,385
98$159,383,987$30,755,466$18,354,941$103,266,776
99$175,529,023$32,150,353$18,857,700$112,906,866
100$193,317,320$33,610,057$19,373,770$123,495,148