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%11.3%
1 years$924,886$916,647$908,609$900,764$893,104$888,220
2 years$457,864$449,337$441,073$433,060$425,287$420,360
3 years$302,211$293,647$285,403$277,466$269,820$265,000
4 years$224,399$215,861$207,700$199,898$192,438$187,764
5 years$177,725$169,238$161,184$153,541$146,288$141,773
6 years$146,618$138,195$130,261$122,788$115,753$111,403
7 years$124,408$116,056$108,247$100,951$94,138$89,956
8 years$107,758$99,482$91,802$84,685$78,097$74,082
9 years$94,815$86,617$79,069$72,133$65,769$61,920
10 years$84,467$76,348$68,934$62,179$56,038$52,354
11 years$76,005$67,969$60,689$54,115$48,195$44,673
12 years$68,959$61,005$53,860$47,466$41,764$38,402
13 years$63,002$55,131$48,120$41,905$36,419$33,213
14 years$57,900$50,112$43,236$37,199$31,925$28,871
15 years$53,482$45,778$39,036$33,175$28,109$25,204
16 years$49,620$42,001$35,392$29,704$24,843$22,082
17 years$46,216$38,681$32,205$26,689$22,028$19,407
18 years$43,194$35,743$29,399$24,052$19,586$17,101
19 years$40,493$33,126$26,914$21,733$17,457$15,103
20 years$38,065$30,783$24,700$19,684$15,593$13,366
21 years$35,871$28,673$22,719$17,864$13,954$11,848
22 years$33,880$26,765$20,939$16,243$12,508$10,519
23 years$32,064$25,033$19,334$14,793$11,228$9,352
24 years$30,402$23,454$17,881$13,492$10,092$8,324
25 years$28,875$22,010$16,561$12,321$9,081$7,416
26 years$27,468$20,686$15,359$11,266$8,180$6,614
27 years$26,168$19,468$14,263$10,312$7,375$5,903
28 years$24,962$18,345$13,259$9,448$6,655$5,272
29 years$23,842$17,306$12,339$8,664$6,009$4,712
30 years$22,798$16,344$11,493$7,951$5,429$4,213
31 years$21,824$15,450$10,715$7,303$4,909$3,769
32 years$20,912$14,619$9,997$6,711$4,440$3,374
33 years$20,058$13,845$9,334$6,172$4,018$3,021
34 years$19,255$13,122$8,721$5,679$3,638$2,706
35 years$18,500$12,446$8,154$5,227$3,295$2,425
36 years$17,788$11,813$7,628$4,814$2,986$2,173
37 years$17,117$11,219$7,139$4,436$2,706$1,948
38 years$16,482$10,662$6,686$4,089$2,453$1,747
39 years$15,881$10,139$6,264$3,770$2,225$1,567
40 years$15,312$9,646$5,871$3,477$2,018$1,406
41 years$14,772$9,182$5,505$3,208$1,831$1,261
42 years$14,259$8,745$5,164$2,961$1,661$1,132
43 years$13,771$8,332$4,846$2,733$1,508$1,015
44 years$13,307$7,942$4,549$2,524$1,368$911
45 years$12,865$7,574$4,271$2,331$1,242$818
46 years$12,443$7,225$4,011$2,153$1,128$734
47 years$12,040$6,895$3,769$1,989$1,024$659
48 years$11,655$6,582$3,541$1,838$930$592
49 years$11,287$6,286$3,329$1,698$845$532
50 years$10,935$6,004$3,130$1,570$767$477

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 $4,270 every year, while hoping to spend $47,397 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: 69/5/26 Blend
66$11,200,000$11,200,000$11,200,000$11,200,000
67$12,346,805$11,753,205$11,579,605$13,115,915
68$13,555,749$12,278,681$11,917,091$14,157,891
69$14,886,416$12,828,318$12,264,295$15,291,959
70$16,351,174$13,403,249$12,621,492$16,532,002
71$17,963,646$14,004,661$12,988,965$17,888,519
72$19,738,847$14,633,798$13,367,004$19,373,070
73$21,693,320$15,291,965$13,755,909$20,998,383
74$23,845,295$15,980,527$14,155,988$22,778,472
75$26,214,857$16,700,915$14,567,556$24,728,773
76$28,824,141$17,454,629$14,990,938$26,866,281
77$31,697,536$18,243,238$15,426,467$29,209,713
78$34,861,918$19,068,390$15,874,487$31,779,683
79$38,346,900$19,931,808$16,335,348$34,598,895
80$42,185,116$20,835,298$16,809,415$37,692,354
81$46,412,525$21,780,755$17,297,058$41,087,603
82$51,068,753$22,770,162$17,798,659$44,814,979
83$56,197,463$23,805,598$18,314,612$48,907,898
84$61,846,773$24,889,240$18,845,320$53,403,170
85$68,069,703$26,023,372$19,391,197$58,341,342
86$74,924,680$27,210,385$19,952,670$63,767,081
87$82,476,089$28,452,785$20,530,175$69,729,593
88$90,794,878$29,753,200$21,124,164$76,283,085
89$99,959,229$31,114,381$21,735,098$83,487,273
90$110,055,298$32,539,212$22,363,451$91,407,947
91$121,178,022$34,030,718$23,009,710$100,117,587
92$133,432,023$35,592,066$23,674,378$109,696,044
93$146,932,588$37,226,575$24,357,968$120,231,293
94$161,806,761$38,937,727$25,061,009$131,820,262
95$178,194,542$40,729,167$25,784,045$144,569,741
96$196,250,206$42,604,717$26,527,631$158,597,388
97$216,143,763$44,568,384$27,292,342$174,032,840
98$238,062,557$46,624,365$28,078,767$191,018,927
99$262,213,041$48,777,062$28,887,508$209,713,026
100$288,822,719$51,031,086$29,719,188$230,288,536