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%12.6%
1 years$966,175$957,569$949,172$940,977$932,974$922,847
2 years$478,304$469,397$460,763$452,393$444,274$434,077
3 years$315,702$306,756$298,144$289,852$281,865$271,915
4 years$234,417$225,498$216,973$208,822$201,029$191,402
5 years$185,659$176,793$168,380$160,396$152,819$143,544
6 years$153,164$144,365$136,076$128,270$120,920$112,009
7 years$129,962$121,237$113,080$105,458$98,341$89,796
8 years$112,569$103,923$95,901$88,466$81,583$73,404
9 years$99,048$90,484$82,599$75,353$68,705$60,889
10 years$88,237$79,757$72,012$64,955$58,540$51,082
11 years$79,398$71,003$63,398$56,530$50,346$43,241
12 years$72,038$63,728$56,264$49,585$43,629$36,868
13 years$65,814$57,592$50,268$43,776$38,045$31,620
14 years$60,484$52,349$45,166$38,859$33,350$27,253
15 years$55,870$47,822$40,779$34,656$29,364$23,585
16 years$51,835$43,876$36,972$31,030$25,952$20,481
17 years$48,280$40,408$33,643$27,881$23,011$17,837
18 years$45,122$37,339$30,712$25,126$20,460$15,574
19 years$42,301$34,605$28,115$22,704$18,237$13,627
20 years$39,765$32,157$25,803$20,562$16,289$11,945
21 years$37,473$29,953$23,734$18,662$14,577$10,488
22 years$35,392$27,960$21,874$16,968$13,066$9,221
23 years$33,495$26,150$20,197$15,453$11,729$8,118
24 years$31,759$24,501$18,679$14,094$10,542$7,153
25 years$30,164$22,993$17,300$12,871$9,487$6,309
26 years$28,695$21,610$16,045$11,769$8,545$5,570
27 years$27,336$20,337$14,899$10,772$7,704$4,920
28 years$26,077$19,164$13,851$9,870$6,952$4,349
29 years$24,906$18,079$12,889$9,051$6,277$3,846
30 years$23,816$17,074$12,006$8,306$5,672$3,403
31 years$22,798$16,140$11,193$7,629$5,128$3,012
32 years$21,846$15,272$10,443$7,011$4,638$2,668
33 years$20,953$14,463$9,751$6,447$4,198$2,363
34 years$20,114$13,707$9,111$5,932$3,801$2,094
35 years$19,326$13,001$8,518$5,461$3,442$1,856
36 years$18,582$12,340$7,968$5,029$3,119$1,645
37 years$17,881$11,720$7,458$4,634$2,827$1,459
38 years$17,218$11,138$6,984$4,271$2,563$1,294
39 years$16,590$10,592$6,543$3,938$2,324$1,148
40 years$15,996$10,077$6,133$3,632$2,108$1,018
41 years$15,432$9,592$5,751$3,351$1,912$903
42 years$14,896$9,135$5,395$3,093$1,735$801
43 years$14,386$8,704$5,062$2,855$1,575$711
44 years$13,901$8,297$4,752$2,636$1,430$631
45 years$13,439$7,912$4,462$2,435$1,298$560
46 years$12,998$7,548$4,190$2,249$1,178$497
47 years$12,578$7,203$3,937$2,078$1,070$441
48 years$12,176$6,876$3,700$1,920$972$392
49 years$11,791$6,566$3,477$1,774$883$348
50 years$11,423$6,272$3,269$1,640$802$309

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 $5,856 every year, while hoping to spend $41,515 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: 70/18/12 Blend
66$11,700,000$11,700,000$11,700,000$11,700,000
67$12,899,440$12,279,340$12,097,990$13,769,097
68$14,171,012$12,836,857$12,459,102$14,904,272
69$15,570,892$13,420,299$12,830,918$16,140,536
70$17,112,125$14,030,896$13,213,756$17,492,336
71$18,809,083$14,669,931$13,607,938$18,971,043
72$20,677,603$15,338,752$14,013,798$20,589,170
73$22,735,138$16,038,770$14,431,679$22,360,488
74$25,000,916$16,771,464$14,861,935$24,300,154
75$27,496,128$17,538,384$15,304,928$26,424,851
76$30,244,122$18,341,154$15,761,032$28,752,945
77$33,270,629$19,181,477$16,230,633$31,304,652
78$36,604,000$20,061,136$16,714,126$34,102,229
79$40,275,477$20,982,001$17,211,919$37,170,181
80$44,319,488$21,946,031$17,724,431$40,535,485
81$48,773,970$22,955,280$18,252,093$44,227,850
82$53,680,726$24,011,900$18,795,349$48,279,982
83$59,085,823$25,118,147$19,354,656$52,727,902
84$65,040,025$26,276,384$19,930,485$57,611,272
85$71,599,270$27,489,089$20,523,319$62,973,773
86$78,825,200$28,758,859$21,133,655$68,863,506
87$86,785,744$30,088,416$21,762,005$75,333,449
88$95,555,755$31,480,614$22,408,898$82,441,949
89$105,217,719$32,938,442$23,074,873$90,253,268
90$115,862,536$34,465,034$23,760,491$98,838,186
91$127,590,370$36,063,677$24,466,323$108,274,662
92$140,511,605$37,737,814$25,192,962$118,648,570
93$154,747,876$39,491,055$25,941,014$130,054,497
94$170,433,226$41,327,183$26,711,104$142,596,635
95$187,715,365$43,250,165$27,503,876$156,389,756
96$206,757,068$45,264,158$28,319,992$171,560,293
97$227,737,709$47,373,522$29,160,131$188,247,523
98$250,854,954$49,582,824$30,024,995$206,604,875
99$276,326,631$51,896,853$30,915,303$226,801,375
100$304,392,779$54,320,631$31,831,798$249,023,230