Can I retire at age 67 with 11,700,000?

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 $11,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$966,175$957,569$949,172$940,977$932,974$910,051
2 years$478,304$469,397$460,763$452,393$444,274$421,320
3 years$315,702$306,756$298,144$289,852$281,865$259,599
4 years$234,417$225,498$216,973$208,822$201,029$179,621
5 years$185,659$176,793$168,380$160,396$152,819$132,330
6 years$153,164$144,365$136,076$128,270$120,920$101,370
7 years$129,962$121,237$113,080$105,458$98,341$79,732
8 years$112,569$103,923$95,901$88,466$81,583$63,908
9 years$99,048$90,484$82,599$75,353$68,705$51,948
10 years$88,237$79,757$72,012$64,955$58,540$42,682
11 years$79,398$71,003$63,398$56,530$50,346$35,365
12 years$72,038$63,728$56,264$49,585$43,629$29,499
13 years$65,814$57,592$50,268$43,776$38,045$24,739
14 years$60,484$52,349$45,166$38,859$33,350$20,838
15 years$55,870$47,822$40,779$34,656$29,364$17,616
16 years$51,835$43,876$36,972$31,030$25,952$14,937
17 years$48,280$40,408$33,643$27,881$23,011$12,697
18 years$45,122$37,339$30,712$25,126$20,460$10,816
19 years$42,301$34,605$28,115$22,704$18,237$9,229
20 years$39,765$32,157$25,803$20,562$16,289$7,887
21 years$37,473$29,953$23,734$18,662$14,577$6,749
22 years$35,392$27,960$21,874$16,968$13,066$5,781
23 years$33,495$26,150$20,197$15,453$11,729$4,957
24 years$31,759$24,501$18,679$14,094$10,542$4,253
25 years$30,164$22,993$17,300$12,871$9,487$3,652
26 years$28,695$21,610$16,045$11,769$8,545$3,137
27 years$27,336$20,337$14,899$10,772$7,704$2,696
28 years$26,077$19,164$13,851$9,870$6,952$2,319
29 years$24,906$18,079$12,889$9,051$6,277$1,994
30 years$23,816$17,074$12,006$8,306$5,672$1,716
31 years$22,798$16,140$11,193$7,629$5,128$1,477
32 years$21,846$15,272$10,443$7,011$4,638$1,271
33 years$20,953$14,463$9,751$6,447$4,198$1,095
34 years$20,114$13,707$9,111$5,932$3,801$943
35 years$19,326$13,001$8,518$5,461$3,442$812
36 years$18,582$12,340$7,968$5,029$3,119$699
37 years$17,881$11,720$7,458$4,634$2,827$603
38 years$17,218$11,138$6,984$4,271$2,563$519
39 years$16,590$10,592$6,543$3,938$2,324$447
40 years$15,996$10,077$6,133$3,632$2,108$385
41 years$15,432$9,592$5,751$3,351$1,912$332
42 years$14,896$9,135$5,395$3,093$1,735$286
43 years$14,386$8,704$5,062$2,855$1,575$247
44 years$13,901$8,297$4,752$2,636$1,430$213
45 years$13,439$7,912$4,462$2,435$1,298$183
46 years$12,998$7,548$4,190$2,249$1,178$158
47 years$12,578$7,203$3,937$2,078$1,070$136
48 years$12,176$6,876$3,700$1,920$972$117
49 years$11,791$6,566$3,477$1,774$883$101
50 years$11,423$6,272$3,269$1,640$802$87

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $11,700,000, adding $2,211 every year, while hoping to spend $47,955 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: 46/24/30 Blend
66$11,700,000$11,700,000$11,700,000$11,700,000
67$12,895,681$12,275,581$12,094,231$13,377,238
68$14,160,016$12,826,060$12,448,364$14,270,206
69$15,551,707$13,401,906$12,812,753$15,233,747
70$17,083,692$14,004,311$13,187,691$16,278,365
71$18,770,230$14,634,523$13,573,480$17,411,699
72$20,627,030$15,293,852$13,970,428$18,642,136
73$22,671,405$15,983,668$14,378,855$19,978,896
74$24,922,429$16,705,408$14,799,088$21,432,113
75$27,401,121$17,460,578$15,231,462$23,012,924
76$30,130,644$18,250,754$15,676,324$24,733,574
77$33,136,517$19,077,589$16,134,028$26,607,529
78$36,446,865$19,942,814$16,604,941$28,649,592
79$40,092,677$20,848,244$17,089,438$30,876,047
80$44,108,101$21,795,778$17,587,905$33,304,802
81$48,530,766$22,787,410$18,100,739$35,955,557
82$53,402,137$23,825,227$18,628,347$38,849,983
83$58,767,908$24,911,415$19,171,149$42,011,925
84$64,678,427$26,048,268$19,729,576$45,467,615
85$71,189,180$27,238,186$20,304,070$49,245,923
86$78,361,306$28,483,687$20,895,086$53,378,617
87$86,262,181$29,787,409$21,503,093$57,900,658
88$94,966,047$31,152,116$22,128,570$62,850,529
89$104,554,719$32,580,705$22,772,013$68,270,585
90$115,118,353$34,076,212$23,433,928$74,207,450
91$126,756,298$35,641,819$24,114,837$80,712,449
92$139,578,033$37,280,861$24,815,277$87,842,085
93$153,704,202$38,996,832$25,535,798$95,658,565
94$169,267,750$40,793,397$26,276,966$104,230,381
95$186,415,180$42,674,393$27,039,364$113,632,945
96$205,307,934$44,643,844$27,823,589$123,949,293
97$226,123,920$46,705,969$28,630,256$135,270,863
98$249,059,185$48,865,186$29,459,995$147,698,345
99$274,329,772$51,126,131$30,313,454$161,342,621
100$302,173,755$53,493,657$31,191,301$176,325,807