Can I retire at age 67 with 11,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $11,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$941,401$933,016$924,835$916,849$909,052$893,625
2 years$466,040$457,361$448,949$440,793$432,882$417,387
3 years$307,607$298,890$290,500$282,420$274,638$259,557
4 years$228,406$219,716$211,409$203,468$195,874$181,324
5 years$180,898$172,260$164,062$156,283$148,900$134,923
6 years$149,236$140,663$132,587$124,981$117,820$104,431
7 years$126,630$118,129$110,180$102,754$95,819$83,022
8 years$109,682$101,258$93,442$86,197$79,491$67,284
9 years$96,508$88,163$80,481$73,421$66,943$55,319
10 years$85,975$77,712$70,165$63,290$57,039$45,988
11 years$77,362$69,182$61,772$55,081$49,055$38,566
12 years$70,191$62,094$54,821$48,313$42,510$32,568
13 years$64,127$56,115$48,979$42,653$37,070$27,660
14 years$58,934$51,007$44,008$37,863$32,495$23,602
15 years$54,437$46,596$39,733$33,767$28,611$20,217
16 years$50,506$42,751$36,024$30,235$25,287$17,374
17 years$47,042$39,372$32,781$27,166$22,421$14,972
18 years$43,965$36,381$29,924$24,482$19,936$12,932
19 years$41,216$33,718$27,394$22,121$17,769$11,192
20 years$38,745$31,332$25,141$20,035$15,872$9,702
21 years$36,512$29,185$23,125$18,183$14,203$8,423
22 years$34,485$27,243$21,313$16,533$12,731$7,322
23 years$32,637$25,480$19,679$15,057$11,428$6,371
24 years$30,945$23,873$18,200$13,733$10,272$5,549
25 years$29,391$22,404$16,857$12,541$9,243$4,837
26 years$27,959$21,056$15,634$11,467$8,326$4,219
27 years$26,635$19,816$14,517$10,496$7,507$3,683
28 years$25,408$18,672$13,496$9,617$6,773$3,216
29 years$24,268$17,615$12,559$8,819$6,116$2,810
30 years$23,205$16,636$11,698$8,093$5,526$2,456
31 years$22,214$15,726$10,906$7,433$4,996$2,147
32 years$21,286$14,880$10,175$6,831$4,520$1,878
33 years$20,416$14,092$9,501$6,282$4,090$1,643
34 years$19,599$13,356$8,877$5,780$3,703$1,437
35 years$18,830$12,668$8,299$5,321$3,354$1,258
36 years$18,106$12,024$7,764$4,900$3,039$1,101
37 years$17,422$11,420$7,267$4,515$2,754$964
38 years$16,776$10,853$6,805$4,162$2,497$844
39 years$16,165$10,320$6,376$3,837$2,264$739
40 years$15,586$9,819$5,976$3,539$2,054$647
41 years$15,036$9,346$5,603$3,265$1,863$567
42 years$14,514$8,901$5,256$3,014$1,691$497
43 years$14,017$8,481$4,932$2,782$1,535$435
44 years$13,545$8,084$4,630$2,569$1,393$381
45 years$13,095$7,709$4,347$2,372$1,264$334
46 years$12,665$7,354$4,083$2,191$1,148$293
47 years$12,255$7,018$3,836$2,024$1,043$256
48 years$11,863$6,700$3,605$1,871$947$225
49 years$11,489$6,398$3,388$1,729$860$197
50 years$11,130$6,111$3,185$1,598$781$172

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $11,400,000, adding $2,587 every year, while hoping to spend $46,552 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: 50/44/6 Blend
66$11,400,000$11,400,000$11,400,000$11,400,000
67$12,565,468$11,961,268$11,784,568$13,174,978
68$13,797,615$12,497,840$12,129,821$14,126,853
69$15,153,881$13,059,143$12,485,078$15,155,376
70$16,646,876$13,646,340$12,850,628$16,271,831
71$18,290,497$14,260,650$13,226,763$17,484,455
72$20,100,055$14,903,349$13,613,787$18,802,292
73$22,092,421$15,575,774$14,012,009$20,235,276
74$24,286,187$16,279,325$14,421,751$21,794,316
75$26,701,837$17,015,472$14,843,339$23,491,398
76$29,361,945$17,785,751$15,277,111$25,339,690
77$32,291,385$18,591,774$15,723,416$27,353,664
78$35,517,565$19,435,230$16,182,609$29,549,223
79$39,070,688$20,317,887$16,655,058$31,943,848
80$42,984,035$21,241,600$17,141,139$34,556,757
81$47,294,279$22,208,312$17,641,240$37,409,077
82$52,041,834$23,220,057$18,155,759$40,524,040
83$57,271,230$24,278,969$18,685,107$43,927,193
84$63,031,540$25,387,283$19,229,703$47,646,634
85$69,376,840$26,547,342$19,789,980$51,713,265
86$76,366,716$27,761,601$20,366,383$56,161,080
87$84,066,834$29,032,632$20,959,369$61,027,475
88$92,549,550$30,363,130$21,569,408$66,353,595
89$101,894,603$31,755,922$22,196,981$72,184,709
90$112,189,858$33,213,968$22,842,586$78,570,627
91$123,532,143$34,740,372$23,506,732$85,566,167
92$136,028,156$36,338,385$24,189,942$93,231,652
93$149,795,479$38,011,417$24,892,756$101,633,478
94$164,963,681$39,763,039$25,615,726$110,844,720
95$181,675,545$41,596,996$26,359,421$120,945,815
96$200,088,414$43,517,213$27,124,426$132,025,308
97$220,375,678$45,527,802$27,911,340$144,180,672
98$242,728,407$47,633,074$28,720,780$157,519,215
99$267,357,159$49,837,549$29,553,380$172,159,079
100$294,493,963$52,145,963$30,409,792$188,230,340