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

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 $11,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$966,175$957,569$949,172$940,977$932,974$902,748
2 years$478,304$469,397$460,763$452,393$444,274$414,105
3 years$315,702$306,756$298,144$289,852$281,865$252,701
4 years$234,417$225,498$216,973$208,822$201,029$173,092
5 years$185,659$176,793$168,380$160,396$152,819$126,184
6 years$153,164$144,365$136,076$128,270$120,920$95,610
7 years$129,962$121,237$113,080$105,458$98,341$74,352
8 years$112,569$103,923$95,901$88,466$81,583$58,899
9 years$99,048$90,484$82,599$75,353$68,705$47,299
10 years$88,237$79,757$72,012$64,955$58,540$38,380
11 years$79,398$71,003$63,398$56,530$50,346$31,394
12 years$72,038$63,728$56,264$49,585$43,629$25,844
13 years$65,814$57,592$50,268$43,776$38,045$21,383
14 years$60,484$52,349$45,166$38,859$33,350$17,764
15 years$55,870$47,822$40,779$34,656$29,364$14,808
16 years$51,835$43,876$36,972$31,030$25,952$12,377
17 years$48,280$40,408$33,643$27,881$23,011$10,368
18 years$45,122$37,339$30,712$25,126$20,460$8,702
19 years$42,301$34,605$28,115$22,704$18,237$7,315
20 years$39,765$32,157$25,803$20,562$16,289$6,157
21 years$37,473$29,953$23,734$18,662$14,577$5,188
22 years$35,392$27,960$21,874$16,968$13,066$4,375
23 years$33,495$26,150$20,197$15,453$11,729$3,692
24 years$31,759$24,501$18,679$14,094$10,542$3,118
25 years$30,164$22,993$17,300$12,871$9,487$2,635
26 years$28,695$21,610$16,045$11,769$8,545$2,228
27 years$27,336$20,337$14,899$10,772$7,704$1,884
28 years$26,077$19,164$13,851$9,870$6,952$1,594
29 years$24,906$18,079$12,889$9,051$6,277$1,348
30 years$23,816$17,074$12,006$8,306$5,672$1,141
31 years$22,798$16,140$11,193$7,629$5,128$966
32 years$21,846$15,272$10,443$7,011$4,638$818
33 years$20,953$14,463$9,751$6,447$4,198$693
34 years$20,114$13,707$9,111$5,932$3,801$587
35 years$19,326$13,001$8,518$5,461$3,442$497
36 years$18,582$12,340$7,968$5,029$3,119$421
37 years$17,881$11,720$7,458$4,634$2,827$357
38 years$17,218$11,138$6,984$4,271$2,563$302
39 years$16,590$10,592$6,543$3,938$2,324$256
40 years$15,996$10,077$6,133$3,632$2,108$217
41 years$15,432$9,592$5,751$3,351$1,912$184
42 years$14,896$9,135$5,395$3,093$1,735$156
43 years$14,386$8,704$5,062$2,855$1,575$132
44 years$13,901$8,297$4,752$2,636$1,430$112
45 years$13,439$7,912$4,462$2,435$1,298$95
46 years$12,998$7,548$4,190$2,249$1,178$80
47 years$12,578$7,203$3,937$2,078$1,070$68
48 years$12,176$6,876$3,700$1,920$972$58
49 years$11,791$6,566$3,477$1,774$883$49
50 years$11,423$6,272$3,269$1,640$802$41

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 $4,457 every year, while hoping to spend $58,987 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: 25/45/30 Blend
66$11,700,000$11,700,000$11,700,000$11,700,000
67$12,897,997$12,277,897$12,096,547$13,099,449
68$14,150,831$12,816,753$12,439,020$13,809,035
69$15,529,478$13,380,035$12,790,988$14,563,991
70$17,046,706$13,968,879$13,152,709$15,372,220
71$18,716,589$14,584,472$13,524,443$16,238,241
72$20,554,630$15,228,060$13,906,460$17,166,997
73$22,577,912$15,900,946$14,299,038$18,163,894
74$24,805,262$16,604,494$14,702,457$19,234,852
75$27,257,419$17,340,135$15,117,010$20,386,350
76$29,957,240$18,109,366$15,542,995$21,625,484
77$32,929,909$18,913,755$15,980,715$22,960,028
78$36,203,177$19,754,946$16,430,486$24,398,500
79$39,807,622$20,634,660$16,892,629$25,950,236
80$43,776,940$21,554,699$17,367,473$27,625,472
81$48,148,260$22,516,951$17,855,355$29,435,435
82$52,962,496$23,523,395$18,356,623$31,392,438
83$58,264,732$24,576,103$18,871,631$33,509,989
84$64,104,648$25,677,245$19,400,744$35,802,912
85$70,536,988$26,829,096$19,944,335$38,287,481
86$77,622,077$28,034,039$20,502,787$40,981,557
87$85,426,391$29,294,568$21,076,492$43,904,755
88$94,023,180$30,613,300$21,665,852$47,078,614
89$103,493,166$31,992,973$22,271,279$50,526,794
90$113,925,299$33,436,458$22,893,197$54,275,288
91$125,417,598$34,946,763$23,532,037$58,352,653
92$138,078,077$36,527,038$24,188,244$62,790,273
93$152,025,762$38,180,585$24,862,272$67,622,640
94$167,391,819$39,910,863$25,554,588$72,887,666
95$184,320,786$41,721,496$26,265,668$78,627,031
96$202,971,940$43,616,284$26,996,002$84,886,562
97$223,520,801$45,599,204$27,746,090$91,716,647
98$246,160,785$47,674,428$28,516,447$99,172,701
99$271,105,035$49,846,325$29,307,598$107,315,671
100$298,588,428$52,119,474$30,120,082$116,212,594