Can I retire at age 67 with 11,600,000?

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 $11,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$957,917$949,385$941,060$932,934$925,000$896,108
2 years$474,216$465,385$456,825$448,526$440,476$411,625
3 years$313,004$304,134$295,596$287,375$279,456$251,551
4 years$232,413$223,571$215,118$207,038$199,311$172,565
5 years$184,072$175,282$166,941$159,025$151,513$125,999
6 years$151,855$143,131$134,913$127,173$119,887$95,627
7 years$128,851$120,201$112,113$104,556$97,500$74,493
8 years$111,607$103,035$95,081$87,710$80,886$59,115
9 years$98,201$89,710$81,893$74,709$68,118$47,560
10 years$87,483$79,075$71,396$64,400$58,040$38,664
11 years$78,720$70,396$62,856$56,047$49,916$31,688
12 years$71,422$63,184$55,783$49,161$43,256$26,137
13 years$65,252$57,100$49,839$43,402$37,720$21,670
14 years$59,968$51,902$44,780$38,527$33,065$18,040
15 years$55,392$47,413$40,431$34,360$29,113$15,070
16 years$51,392$43,501$36,656$30,765$25,730$12,623
17 years$47,867$40,063$33,356$27,642$22,814$10,598
18 years$44,737$37,020$30,449$24,911$20,285$8,915
19 years$41,939$34,309$27,875$22,509$18,081$7,511
20 years$39,425$31,882$25,582$20,387$16,150$6,336
21 years$37,153$29,697$23,531$18,502$14,453$5,351
22 years$35,090$27,721$21,687$16,823$12,955$4,523
23 years$33,209$25,927$20,024$15,321$11,629$3,827
24 years$31,488$24,292$18,519$13,973$10,452$3,240
25 years$29,907$22,797$17,152$12,761$9,405$2,744
26 years$28,449$21,425$15,908$11,668$8,472$2,325
27 years$27,102$20,164$14,772$10,680$7,638$1,971
28 years$25,854$19,000$13,732$9,785$6,892$1,672
29 years$24,694$17,924$12,779$8,973$6,223$1,418
30 years$23,613$16,928$11,903$8,235$5,623$1,203
31 years$22,603$16,002$11,097$7,564$5,084$1,021
32 years$21,659$15,141$10,354$6,951$4,599$867
33 years$20,774$14,339$9,667$6,392$4,162$736
34 years$19,943$13,590$9,033$5,881$3,768$625
35 years$19,160$12,890$8,445$5,414$3,413$530
36 years$18,423$12,235$7,900$4,986$3,092$450
37 years$17,728$11,620$7,394$4,594$2,803$383
38 years$17,071$11,043$6,924$4,235$2,541$325
39 years$16,449$10,501$6,487$3,904$2,304$276
40 years$15,859$9,991$6,081$3,601$2,090$234
41 years$15,300$9,510$5,702$3,323$1,896$199
42 years$14,768$9,057$5,348$3,066$1,720$169
43 years$14,263$8,630$5,019$2,831$1,561$144
44 years$13,782$8,226$4,711$2,614$1,417$122
45 years$13,324$7,844$4,423$2,414$1,287$104
46 years$12,887$7,483$4,155$2,230$1,168$88
47 years$12,470$7,141$3,903$2,060$1,061$75
48 years$12,072$6,817$3,668$1,903$963$64
49 years$11,690$6,510$3,448$1,759$875$54
50 years$11,326$6,219$3,241$1,626$795$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $11,600,000, adding $3,195 every year, while hoping to spend $31,219 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: 30/44/26 Blend
66$11,600,000$11,600,000$11,600,000$11,600,000
67$12,786,496$12,171,696$11,991,896$13,067,325
68$14,057,501$12,734,892$12,360,407$13,848,714
69$15,457,103$13,324,639$12,740,218$14,685,748
70$16,998,386$13,942,203$13,131,673$15,585,593
71$18,695,765$14,588,916$13,535,128$16,553,723
72$20,565,129$15,266,169$13,950,951$17,596,134
73$22,623,984$15,975,422$14,379,519$18,719,387
74$24,891,620$16,718,208$14,821,223$19,930,672
75$27,389,294$17,496,129$15,276,463$21,237,865
76$30,140,432$18,310,869$15,745,654$22,649,597
77$33,170,844$19,164,189$16,229,221$24,175,331
78$36,508,975$20,057,940$16,727,605$25,825,442
79$40,186,169$20,994,057$17,241,258$27,611,307
80$44,236,965$21,974,572$17,770,647$29,545,408
81$48,699,423$23,001,615$18,316,252$31,641,441
82$53,615,487$24,077,417$18,878,569$33,914,434
83$59,031,374$25,204,317$19,458,109$36,380,885
84$64,998,015$26,384,770$20,055,396$39,058,905
85$71,571,536$27,621,346$20,670,975$41,968,381
86$78,813,782$28,916,742$21,305,402$45,131,156
87$86,792,909$30,273,784$21,959,254$48,571,219
88$95,584,021$31,695,434$22,633,124$52,314,928
89$105,269,880$33,184,800$23,327,624$56,391,242
90$115,941,691$34,745,137$24,043,381$60,831,986
91$127,699,956$36,379,862$24,781,047$65,672,136
92$140,655,428$38,092,552$25,541,289$70,950,139
93$154,930,157$39,886,962$26,324,797$76,708,262
94$170,658,635$41,767,026$27,132,281$82,992,977
95$187,989,075$43,736,869$27,964,471$89,855,382
96$207,084,803$45,800,817$28,822,123$97,351,672
97$228,125,801$47,963,406$29,706,012$105,543,652
98$251,310,409$50,229,389$30,616,940$114,499,302
99$276,857,194$52,603,752$31,555,731$124,293,405
100$305,007,014$55,091,723$32,523,234$135,008,227