Can I retire at age 67 with 11,200,000?

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 $11,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$924,886$916,647$908,609$900,764$893,104$884,513
2 years$457,864$449,337$441,073$433,060$425,287$416,634
3 years$302,211$293,647$285,403$277,466$269,820$261,371
4 years$224,399$215,861$207,700$199,898$192,438$184,259
5 years$177,725$169,238$161,184$153,541$146,288$138,404
6 years$146,618$138,195$130,261$122,788$115,753$108,172
7 years$124,408$116,056$108,247$100,951$94,138$86,865
8 years$107,758$99,482$91,802$84,685$78,097$71,130
9 years$94,815$86,617$79,069$72,133$65,769$59,107
10 years$84,467$76,348$68,934$62,179$56,038$49,677
11 years$76,005$67,969$60,689$54,115$48,195$42,129
12 years$68,959$61,005$53,860$47,466$41,764$35,988
13 years$63,002$55,131$48,120$41,905$36,419$30,926
14 years$57,900$50,112$43,236$37,199$31,925$26,707
15 years$53,482$45,778$39,036$33,175$28,109$23,159
16 years$49,620$42,001$35,392$29,704$24,843$20,153
17 years$46,216$38,681$32,205$26,689$22,028$17,589
18 years$43,194$35,743$29,399$24,052$19,586$15,390
19 years$40,493$33,126$26,914$21,733$17,457$13,495
20 years$38,065$30,783$24,700$19,684$15,593$11,856
21 years$35,871$28,673$22,719$17,864$13,954$10,433
22 years$33,880$26,765$20,939$16,243$12,508$9,194
23 years$32,064$25,033$19,334$14,793$11,228$8,112
24 years$30,402$23,454$17,881$13,492$10,092$7,165
25 years$28,875$22,010$16,561$12,321$9,081$6,334
26 years$27,468$20,686$15,359$11,266$8,180$5,605
27 years$26,168$19,468$14,263$10,312$7,375$4,963
28 years$24,962$18,345$13,259$9,448$6,655$4,397
29 years$23,842$17,306$12,339$8,664$6,009$3,898
30 years$22,798$16,344$11,493$7,951$5,429$3,458
31 years$21,824$15,450$10,715$7,303$4,909$3,068
32 years$20,912$14,619$9,997$6,711$4,440$2,724
33 years$20,058$13,845$9,334$6,172$4,018$2,419
34 years$19,255$13,122$8,721$5,679$3,638$2,149
35 years$18,500$12,446$8,154$5,227$3,295$1,909
36 years$17,788$11,813$7,628$4,814$2,986$1,697
37 years$17,117$11,219$7,139$4,436$2,706$1,508
38 years$16,482$10,662$6,686$4,089$2,453$1,341
39 years$15,881$10,139$6,264$3,770$2,225$1,193
40 years$15,312$9,646$5,871$3,477$2,018$1,061
41 years$14,772$9,182$5,505$3,208$1,831$944
42 years$14,259$8,745$5,164$2,961$1,661$839
43 years$13,771$8,332$4,846$2,733$1,508$747
44 years$13,307$7,942$4,549$2,524$1,368$665
45 years$12,865$7,574$4,271$2,331$1,242$591
46 years$12,443$7,225$4,011$2,153$1,128$526
47 years$12,040$6,895$3,769$1,989$1,024$468
48 years$11,655$6,582$3,541$1,838$930$417
49 years$11,287$6,286$3,329$1,698$845$371
50 years$10,935$6,004$3,130$1,570$767$330

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $11,200,000, adding $6,459 every year, while hoping to spend $40,674 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: 71/11/18 Blend
66$11,200,000$11,200,000$11,200,000$11,200,000
67$12,349,062$11,755,462$11,581,862$13,172,632
68$13,565,390$12,288,203$11,926,578$14,254,098
69$14,904,420$12,845,685$12,281,478$15,432,246
70$16,378,624$13,429,078$12,646,862$16,721,101
71$18,001,747$14,039,606$13,023,035$18,131,615
72$19,788,933$14,678,554$13,410,314$19,675,843
73$21,756,868$15,347,267$13,809,023$21,367,059
74$23,923,940$16,047,155$14,219,498$23,219,874
75$26,310,412$16,779,695$14,642,081$25,250,376
76$28,938,611$17,546,437$15,077,127$27,476,279
77$31,833,138$18,349,001$15,525,000$29,917,087
78$35,021,105$19,189,089$15,986,074$32,594,279
79$38,532,386$20,068,483$16,460,736$35,531,506
80$42,399,900$20,989,049$16,949,381$38,754,814
81$46,659,923$21,952,745$17,452,418$42,292,887
82$51,352,427$22,961,622$17,970,266$46,177,318
83$56,521,463$24,017,830$18,503,359$50,442,898
84$62,215,570$25,123,621$19,052,139$55,127,950
85$68,488,236$26,281,357$19,617,063$60,274,681
86$75,398,405$27,493,512$20,198,604$65,929,584
87$83,011,029$28,762,680$20,797,243$72,143,867
88$91,397,682$30,091,581$21,413,480$78,973,939
89$100,637,240$31,483,062$22,047,826$86,481,936
90$110,816,618$32,940,112$22,700,807$94,736,307
91$122,031,595$34,465,859$23,372,966$103,812,454
92$134,387,718$36,063,587$24,064,861$113,793,440
93$148,001,296$37,736,733$24,777,065$124,770,772
94$163,000,499$39,488,904$25,510,167$136,845,258
95$179,526,567$41,323,877$26,264,775$150,127,958
96$197,735,145$43,245,615$27,041,513$164,741,223
97$217,797,749$45,258,270$27,841,023$180,819,851
98$239,903,388$47,366,193$28,663,965$198,512,351
99$264,260,345$49,573,948$29,511,020$217,982,342
100$291,098,147$51,886,318$30,382,885$239,410,091