Can I retire at age 67 with 11,800,000?

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 $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$974,433$965,753$957,285$949,019$940,949$936,590
2 years$482,393$473,408$464,701$456,259$448,071$443,671
3 years$318,401$309,378$300,693$292,330$284,274$279,970
4 years$236,421$227,425$218,827$210,607$202,747$198,571
5 years$187,245$178,304$169,819$161,766$154,125$150,090
6 years$154,473$145,599$137,239$129,366$121,954$118,065
7 years$131,073$122,274$114,046$106,359$99,181$95,440
8 years$113,531$104,811$96,720$89,222$82,280$78,687
9 years$99,894$91,257$83,305$75,997$69,292$65,846
10 years$88,992$80,438$72,627$65,510$59,040$55,740
11 years$80,077$71,610$63,940$57,014$50,777$47,620
12 years$72,653$64,273$56,745$50,009$44,002$40,987
13 years$66,377$58,084$50,698$44,150$38,370$35,494
14 years$61,001$52,797$45,552$39,192$33,635$30,894
15 years$56,347$48,231$41,128$34,952$29,615$27,005
16 years$52,278$44,251$37,288$31,296$26,174$23,692
17 years$48,692$40,753$33,931$28,119$23,208$20,851
18 years$45,508$37,658$30,974$25,341$20,635$18,399
19 years$42,662$34,901$28,356$22,898$18,393$16,273
20 years$40,104$32,432$26,023$20,738$16,429$14,421
21 years$37,793$30,209$23,936$18,821$14,702$12,803
22 years$35,695$28,199$22,061$17,113$13,178$11,384
23 years$33,782$26,374$20,370$15,585$11,829$10,136
24 years$32,031$24,711$18,838$14,214$10,633$9,035
25 years$30,422$23,190$17,448$12,981$9,568$8,062
26 years$28,940$21,795$16,182$11,870$8,618$7,201
27 years$27,570$20,511$15,027$10,864$7,770$6,437
28 years$26,300$19,328$13,969$9,954$7,011$5,758
29 years$25,119$18,233$13,000$9,128$6,331$5,154
30 years$24,020$17,219$12,109$8,377$5,720$4,617
31 years$22,993$16,278$11,289$7,694$5,172$4,137
32 years$22,033$15,402$10,532$7,071$4,678$3,709
33 years$21,132$14,586$9,834$6,502$4,234$3,326
34 years$20,286$13,825$9,188$5,983$3,833$2,985
35 years$19,491$13,112$8,591$5,507$3,472$2,679
36 years$18,741$12,446$8,036$5,072$3,146$2,405
37 years$18,034$11,820$7,522$4,673$2,851$2,160
38 years$17,365$11,234$7,044$4,308$2,585$1,940
39 years$16,732$10,682$6,599$3,972$2,344$1,743
40 years$16,132$10,163$6,186$3,663$2,126$1,566
41 years$15,564$9,674$5,800$3,380$1,929$1,407
42 years$15,023$9,213$5,441$3,119$1,750$1,265
43 years$14,509$8,779$5,105$2,879$1,588$1,137
44 years$14,020$8,368$4,792$2,659$1,442$1,023
45 years$13,554$7,979$4,500$2,455$1,309$920
46 years$13,109$7,612$4,226$2,268$1,188$827
47 years$12,685$7,264$3,971$2,095$1,079$744
48 years$12,280$6,935$3,731$1,936$980$669
49 years$11,892$6,622$3,507$1,789$890$602
50 years$11,521$6,326$3,297$1,654$808$541

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $11,800,000, adding $5,811 every year, while hoping to spend $58,737 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: 87/6/7 Blend
66$11,800,000$11,800,000$11,800,000$11,800,000
67$13,009,594$12,384,194$12,201,294$14,134,418
68$14,274,077$12,928,524$12,547,542$15,412,478
69$15,665,568$13,497,557$12,903,420$16,808,303
70$17,196,961$14,092,443$13,269,190$18,340,605
71$18,882,462$14,714,383$13,645,118$20,023,100
72$20,737,723$15,364,637$14,031,479$21,870,894
73$22,779,992$16,044,526$14,428,555$23,900,628
74$25,028,274$16,755,430$14,836,634$26,130,628
75$27,503,509$17,498,797$15,256,013$28,581,085
76$30,228,772$18,276,144$15,686,994$31,274,240
77$33,229,489$19,089,057$16,129,891$34,234,590
78$36,533,676$19,939,200$16,585,022$37,489,127
79$40,172,207$20,828,317$17,052,715$41,067,580
80$44,179,098$21,758,230$17,533,308$45,002,704
81$48,591,836$22,730,854$18,027,144$49,330,585
82$53,451,728$23,748,190$18,534,577$54,090,976
83$58,804,289$24,812,336$19,055,970$59,327,674
84$64,699,677$25,925,491$19,591,696$65,088,931
85$71,193,160$27,089,956$20,142,134$71,427,911
86$78,345,644$28,308,146$20,707,677$78,403,184
87$86,224,241$29,582,586$21,288,725$86,079,282
88$94,902,906$30,915,925$21,885,690$94,527,307
89$104,463,134$32,310,937$22,498,992$103,825,596
90$114,994,730$33,770,529$23,129,065$114,060,462
91$126,596,653$35,297,746$23,776,349$125,327,007
92$139,377,956$36,895,779$24,441,301$137,730,017
93$153,458,807$38,567,972$25,124,384$151,384,947
94$168,971,630$40,317,828$25,826,076$166,419,013
95$186,062,352$42,149,017$26,546,865$182,972,387
96$204,891,780$44,065,387$27,287,253$201,199,520
97$225,637,118$46,070,967$28,047,752$221,270,596
98$248,493,641$48,169,982$28,828,889$243,373,138
99$273,676,538$50,366,857$29,631,203$267,713,772
100$301,422,942$52,666,229$30,455,245$294,520,181