Can I retire at age 67 with 7,900,000?

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 $7,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$652,375$646,564$640,894$635,360$629,957$607,847
2 years$322,958$316,943$311,114$305,462$299,980$277,937
3 years$213,166$207,126$201,311$195,712$190,319$169,036
4 years$158,282$152,259$146,503$141,000$135,737$115,376
5 years$125,359$119,373$113,692$108,301$103,185$83,799
6 years$103,418$97,477$91,880$86,609$81,647$63,251
7 years$87,752$81,861$76,353$71,206$66,401$48,992
8 years$76,008$70,170$64,753$59,733$55,086$38,649
9 years$66,878$61,096$55,772$50,879$46,390$30,905
10 years$59,579$53,853$48,623$43,859$39,527$24,967
11 years$53,611$47,942$42,807$38,170$33,994$20,330
12 years$48,641$43,030$37,990$33,480$29,459$16,658
13 years$44,439$38,887$33,942$29,558$25,689$13,717
14 years$40,840$35,347$30,497$26,238$22,519$11,340
15 years$37,724$32,290$27,535$23,400$19,827$9,406
16 years$35,000$29,626$24,964$20,952$17,523$7,822
17 years$32,599$27,284$22,716$18,825$15,537$6,519
18 years$30,467$25,212$20,737$16,965$13,815$5,443
19 years$28,562$23,366$18,984$15,330$12,314$4,551
20 years$26,850$21,713$17,422$13,884$10,999$3,810
21 years$25,302$20,225$16,025$12,601$9,843$3,193
22 years$23,897$18,879$14,770$11,457$8,823$2,678
23 years$22,617$17,657$13,637$10,434$7,920$2,248
24 years$21,444$16,544$12,612$9,516$7,118$1,888
25 years$20,367$15,525$11,681$8,691$6,405$1,586
26 years$19,375$14,591$10,834$7,947$5,770$1,333
27 years$18,458$13,732$10,060$7,274$5,202$1,121
28 years$17,607$12,940$9,352$6,664$4,694$943
29 years$16,817$12,207$8,703$6,111$4,238$794
30 years$16,081$11,528$8,107$5,609$3,830$668
31 years$15,394$10,898$7,558$5,151$3,462$562
32 years$14,751$10,312$7,051$4,734$3,132$473
33 years$14,148$9,765$6,584$4,353$2,834$398
34 years$13,582$9,255$6,152$4,005$2,566$335
35 years$13,049$8,779$5,751$3,687$2,324$282
36 years$12,547$8,332$5,380$3,396$2,106$238
37 years$12,073$7,914$5,036$3,129$1,909$200
38 years$11,626$7,521$4,716$2,884$1,730$169
39 years$11,202$7,152$4,418$2,659$1,569$142
40 years$10,801$6,804$4,141$2,453$1,423$120
41 years$10,420$6,477$3,883$2,263$1,291$101
42 years$10,058$6,168$3,642$2,088$1,172$85
43 years$9,714$5,877$3,418$1,928$1,063$72
44 years$9,386$5,602$3,208$1,780$965$60
45 years$9,074$5,342$3,013$1,644$876$51
46 years$8,777$5,096$2,829$1,518$796$43
47 years$8,493$4,863$2,658$1,403$722$36
48 years$8,221$4,643$2,498$1,296$656$30
49 years$7,962$4,434$2,348$1,198$596$26
50 years$7,713$4,235$2,207$1,107$541$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $7,900,000, adding $5,826 every year, while hoping to spend $44,508 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: 88/5/7 Blend
66$7,900,000$7,900,000$7,900,000$7,900,000
67$8,711,810$8,293,110$8,170,660$9,473,876
68$9,553,058$8,652,116$8,397,020$10,329,937
69$10,478,622$9,027,222$8,629,473$11,264,144
70$11,497,055$9,419,169$8,868,173$12,289,752
71$12,617,781$9,828,734$9,113,284$13,415,951
72$13,851,183$10,256,731$9,364,968$14,652,867
73$15,208,704$10,704,011$9,623,394$16,011,652
74$16,702,950$11,171,466$9,888,736$17,504,591
75$18,347,813$11,660,030$10,161,171$19,145,217
76$20,158,598$12,170,679$10,440,878$20,948,438
77$22,152,171$12,704,439$10,728,044$22,930,677
78$24,347,117$13,262,381$11,022,858$25,110,027
79$26,763,913$13,845,628$11,325,513$27,506,418
80$29,425,125$14,455,355$11,636,210$30,141,811
81$32,355,615$15,092,796$11,955,151$33,040,395
82$35,582,783$15,759,238$12,282,544$36,228,825
83$39,136,819$16,456,033$12,618,601$39,736,464
84$43,050,992$17,184,596$12,963,542$43,595,664
85$47,361,960$17,946,408$13,317,587$47,842,071
86$52,110,119$18,743,021$13,680,966$52,514,956
87$57,339,984$19,576,062$14,053,911$57,657,590
88$63,100,606$20,447,232$14,436,660$63,317,648
89$69,446,038$21,358,317$14,829,458$69,547,659
90$76,435,842$22,311,183$15,232,554$76,405,502
91$84,135,655$23,307,788$15,646,202$83,954,949
92$92,617,805$24,350,183$16,070,662$92,266,268
93$101,961,994$25,440,515$16,506,203$101,416,883
94$112,256,052$26,581,034$16,953,094$111,492,105
95$123,596,762$27,774,097$17,411,616$122,585,936
96$136,090,778$29,022,174$17,882,051$134,801,954
97$149,855,629$30,327,853$18,364,692$148,254,291
98$165,020,828$31,693,842$18,859,834$163,068,709
99$181,729,095$33,122,983$19,367,780$179,383,781
100$200,137,703$34,618,250$19,888,842$197,352,205