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

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 $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$974,433$965,753$957,285$949,019$940,949$904,687
2 years$482,393$473,408$464,701$456,259$448,071$411,971
3 years$318,401$309,378$300,693$292,330$284,274$249,471
4 years$236,421$227,425$218,827$210,607$202,747$169,506
5 years$187,245$178,304$169,819$161,766$154,125$122,532
6 years$154,473$145,599$137,239$129,366$121,954$92,029
7 years$131,073$122,274$114,046$106,359$99,181$70,916
8 years$113,531$104,811$96,720$89,222$82,280$55,647
9 years$99,894$91,257$83,305$75,997$69,292$44,252
10 years$88,992$80,438$72,627$65,510$59,040$35,546
11 years$80,077$71,610$63,940$57,014$50,777$28,775
12 years$72,653$64,273$56,745$50,009$44,002$23,436
13 years$66,377$58,084$50,698$44,150$38,370$19,180
14 years$61,001$52,797$45,552$39,192$33,635$15,758
15 years$56,347$48,231$41,128$34,952$29,615$12,986
16 years$52,278$44,251$37,288$31,296$26,174$10,729
17 years$48,692$40,753$33,931$28,119$23,208$8,883
18 years$45,508$37,658$30,974$25,341$20,635$7,367
19 years$42,662$34,901$28,356$22,898$18,393$6,118
20 years$40,104$32,432$26,023$20,738$16,429$5,086
21 years$37,793$30,209$23,936$18,821$14,702$4,233
22 years$35,695$28,199$22,061$17,113$13,178$3,525
23 years$33,782$26,374$20,370$15,585$11,829$2,938
24 years$32,031$24,711$18,838$14,214$10,633$2,450
25 years$30,422$23,190$17,448$12,981$9,568$2,044
26 years$28,940$21,795$16,182$11,870$8,618$1,706
27 years$27,570$20,511$15,027$10,864$7,770$1,424
28 years$26,300$19,328$13,969$9,954$7,011$1,189
29 years$25,119$18,233$13,000$9,128$6,331$993
30 years$24,020$17,219$12,109$8,377$5,720$830
31 years$22,993$16,278$11,289$7,694$5,172$693
32 years$22,033$15,402$10,532$7,071$4,678$579
33 years$21,132$14,586$9,834$6,502$4,234$484
34 years$20,286$13,825$9,188$5,983$3,833$404
35 years$19,491$13,112$8,591$5,507$3,472$338
36 years$18,741$12,446$8,036$5,072$3,146$283
37 years$18,034$11,820$7,522$4,673$2,851$236
38 years$17,365$11,234$7,044$4,308$2,585$197
39 years$16,732$10,682$6,599$3,972$2,344$165
40 years$16,132$10,163$6,186$3,663$2,126$138
41 years$15,564$9,674$5,800$3,380$1,929$115
42 years$15,023$9,213$5,441$3,119$1,750$96
43 years$14,509$8,779$5,105$2,879$1,588$81
44 years$14,020$8,368$4,792$2,659$1,442$67
45 years$13,554$7,979$4,500$2,455$1,309$56
46 years$13,109$7,612$4,226$2,268$1,188$47
47 years$12,685$7,264$3,971$2,095$1,079$39
48 years$12,280$6,935$3,731$1,936$980$33
49 years$11,892$6,622$3,507$1,789$890$28
50 years$11,521$6,326$3,297$1,654$808$23

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 $4,254 every year, while hoping to spend $52,129 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: 64/7/29 Blend
66$11,800,000$11,800,000$11,800,000$11,800,000
67$13,007,988$12,382,588$12,199,688$13,739,613
68$14,279,338$12,933,870$12,552,913$14,787,312
69$15,678,618$13,510,418$12,916,223$15,925,559
70$17,218,823$14,113,414$13,289,903$17,168,251
71$18,914,270$14,744,098$13,674,241$18,525,665
72$20,780,735$15,403,768$14,069,538$20,009,111
73$22,835,602$16,093,784$14,476,099$21,631,043
74$25,098,024$16,815,571$14,894,239$23,405,168
75$27,589,109$17,570,621$15,324,283$25,346,580
76$30,332,115$18,360,497$15,766,563$27,471,895
77$33,352,667$19,186,838$16,221,419$29,799,412
78$36,679,006$20,051,361$16,689,204$32,349,277
79$40,342,250$20,955,862$17,170,277$35,143,679
80$44,376,687$21,902,227$17,665,009$38,207,049
81$48,820,101$22,892,428$18,173,779$41,566,296
82$53,714,129$23,928,535$18,696,978$45,251,053
83$59,104,651$25,012,714$19,235,007$49,293,958
84$65,042,224$26,147,235$19,788,279$53,730,960
85$71,582,559$27,334,478$20,357,215$58,601,650
86$78,787,049$28,576,937$20,942,250$63,949,643
87$86,723,343$29,877,222$21,543,831$69,822,975
88$95,465,990$31,238,072$22,162,415$76,274,562
89$105,097,138$32,662,354$22,798,473$83,362,694
90$115,707,312$34,153,076$23,452,488$91,151,582
91$127,396,268$35,713,386$24,124,956$99,711,962
92$140,273,931$37,346,586$24,816,386$109,121,757
93$154,461,438$39,056,134$25,527,301$119,466,815
94$170,092,277$40,845,657$26,258,238$130,841,708
95$187,313,549$42,718,954$27,009,748$143,350,629
96$206,287,354$44,680,006$27,782,398$157,108,365
97$227,192,323$46,732,985$28,576,767$172,241,383
98$250,225,304$48,882,266$29,393,453$188,889,016
99$275,603,220$51,132,431$30,233,069$207,204,774
100$303,565,113$53,488,286$31,096,241$227,357,793