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%13.5%
1 years$966,175$957,569$949,172$940,977$932,974$919,412
2 years$478,304$469,397$460,763$452,393$444,274$430,638
3 years$315,702$306,756$298,144$289,852$281,865$268,581
4 years$234,417$225,498$216,973$208,822$201,029$188,197
5 years$185,659$176,793$168,380$160,396$152,819$140,478
6 years$153,164$144,365$136,076$128,270$120,920$109,084
7 years$129,962$121,237$113,080$105,458$98,341$87,014
8 years$112,569$103,923$95,901$88,466$81,583$70,764
9 years$99,048$90,484$82,599$75,353$68,705$58,387
10 years$88,237$79,757$72,012$64,955$58,540$48,717
11 years$79,398$71,003$63,398$56,530$50,346$41,008
12 years$72,038$63,728$56,264$49,585$43,629$34,764
13 years$65,814$57,592$50,268$43,776$38,045$29,642
14 years$60,484$52,349$45,166$38,859$33,350$25,395
15 years$55,870$47,822$40,779$34,656$29,364$21,843
16 years$51,835$43,876$36,972$31,030$25,952$18,850
17 years$48,280$40,408$33,643$27,881$23,011$16,313
18 years$45,122$37,339$30,712$25,126$20,460$14,152
19 years$42,301$34,605$28,115$22,704$18,237$12,302
20 years$39,765$32,157$25,803$20,562$16,289$10,712
21 years$37,473$29,953$23,734$18,662$14,577$9,342
22 years$35,392$27,960$21,874$16,968$13,066$8,158
23 years$33,495$26,150$20,197$15,453$11,729$7,132
24 years$31,759$24,501$18,679$14,094$10,542$6,241
25 years$30,164$22,993$17,300$12,871$9,487$5,466
26 years$28,695$21,610$16,045$11,769$8,545$4,791
27 years$27,336$20,337$14,899$10,772$7,704$4,202
28 years$26,077$19,164$13,851$9,870$6,952$3,687
29 years$24,906$18,079$12,889$9,051$6,277$3,237
30 years$23,816$17,074$12,006$8,306$5,672$2,843
31 years$22,798$16,140$11,193$7,629$5,128$2,498
32 years$21,846$15,272$10,443$7,011$4,638$2,196
33 years$20,953$14,463$9,751$6,447$4,198$1,931
34 years$20,114$13,707$9,111$5,932$3,801$1,698
35 years$19,326$13,001$8,518$5,461$3,442$1,493
36 years$18,582$12,340$7,968$5,029$3,119$1,314
37 years$17,881$11,720$7,458$4,634$2,827$1,156
38 years$17,218$11,138$6,984$4,271$2,563$1,018
39 years$16,590$10,592$6,543$3,938$2,324$896
40 years$15,996$10,077$6,133$3,632$2,108$788
41 years$15,432$9,592$5,751$3,351$1,912$694
42 years$14,896$9,135$5,395$3,093$1,735$611
43 years$14,386$8,704$5,062$2,855$1,575$538
44 years$13,901$8,297$4,752$2,636$1,430$474
45 years$13,439$7,912$4,462$2,435$1,298$417
46 years$12,998$7,548$4,190$2,249$1,178$368
47 years$12,578$7,203$3,937$2,078$1,070$324
48 years$12,176$6,876$3,700$1,920$972$285
49 years$11,791$6,566$3,477$1,774$883$251
50 years$11,423$6,272$3,269$1,640$802$221

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 $4,142 every year, while hoping to spend $58,202 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: 57/13/30 Blend
66$11,700,000$11,700,000$11,700,000$11,700,000
67$12,897,672$12,277,572$12,096,222$13,525,952
68$14,151,309$12,817,247$12,439,519$14,498,381
69$15,530,865$13,381,415$12,792,366$15,551,417
70$17,049,124$13,971,215$13,155,021$16,698,118
71$18,720,170$14,587,840$13,527,750$17,947,577
72$20,559,521$15,232,538$13,910,823$19,309,797
73$22,584,278$15,906,619$14,304,522$20,795,783
74$24,813,283$16,611,451$14,709,132$22,417,647
75$27,267,296$17,348,470$15,124,946$24,188,717
76$29,969,195$18,119,180$15,552,266$26,123,661
77$32,944,188$18,925,155$15,991,402$28,238,624
78$36,220,051$19,768,044$16,442,670$30,551,377
79$39,827,392$20,649,574$16,906,396$33,081,483
80$43,799,939$21,571,555$17,382,912$35,850,477
81$48,174,854$22,535,883$17,872,562$38,882,069
82$52,993,092$23,544,544$18,375,695$42,202,362
83$58,299,779$24,599,618$18,892,672$45,840,098
84$64,144,642$25,703,285$19,423,862$49,826,924
85$70,582,476$26,857,827$19,969,643$54,197,689
86$77,673,665$28,065,637$20,530,402$58,990,767
87$85,484,746$29,329,220$21,106,538$64,248,420
88$94,089,041$30,651,203$21,698,458$70,017,187
89$103,567,347$32,034,335$22,306,579$76,348,326
90$114,008,698$33,481,500$22,931,332$83,298,290
91$125,511,208$34,995,716$23,573,154$90,929,255
92$138,182,994$36,580,148$24,232,497$99,309,706
93$152,143,194$38,238,111$24,909,821$108,515,073
94$167,523,100$39,973,079$25,605,600$118,628,447
95$184,467,388$41,788,690$26,320,319$129,741,351
96$203,135,485$43,688,760$27,054,474$141,954,603
97$223,703,081$45,677,285$27,808,574$155,379,263
98$246,363,775$47,758,453$28,583,142$170,137,673
99$271,330,915$49,936,652$29,378,712$186,364,608
100$298,839,601$52,216,480$30,195,831$204,208,542