Can I retire at age 67 with 11,900,000?

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 $11,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$982,691$973,938$965,398$957,062$948,923$925,232
2 years$486,481$477,420$468,640$460,126$451,868$428,150
3 years$321,099$311,999$303,241$294,807$286,684$263,680
4 years$238,424$229,353$220,682$212,392$204,465$182,353
5 years$188,832$179,815$171,258$163,137$155,431$134,272
6 years$155,782$146,833$138,402$130,462$122,987$102,802
7 years$132,184$123,310$115,013$107,260$100,022$80,812
8 years$114,493$105,699$97,540$89,978$82,978$64,735
9 years$100,741$92,030$84,011$76,641$69,879$52,589
10 years$89,746$81,120$73,243$66,065$59,541$43,182
11 years$80,756$72,217$64,482$57,497$51,207$35,757
12 years$73,269$64,818$57,226$50,432$44,375$29,806
13 years$66,939$58,576$51,128$44,524$38,696$24,980
14 years$61,518$53,244$45,938$39,524$33,920$21,027
15 years$56,825$48,640$41,476$35,248$29,866$17,763
16 years$52,721$44,626$37,604$31,561$26,396$15,051
17 years$49,105$41,099$34,218$28,357$23,404$12,785
18 years$45,894$37,977$31,237$25,556$20,810$10,882
19 years$43,024$35,197$28,596$23,092$18,548$9,279
20 years$40,444$32,707$26,244$20,914$16,568$7,924
21 years$38,113$30,465$24,139$18,981$14,826$6,775
22 years$35,997$28,438$22,248$17,258$13,290$5,799
23 years$34,068$26,597$20,542$15,717$11,930$4,968
24 years$32,302$24,920$18,998$14,335$10,723$4,259
25 years$30,680$23,386$17,596$13,091$9,649$3,654
26 years$29,185$21,979$16,319$11,970$8,691$3,137
27 years$27,803$20,685$15,154$10,957$7,836$2,694
28 years$26,523$19,491$14,088$10,039$7,070$2,315
29 years$25,332$18,388$13,110$9,206$6,384$1,989
30 years$24,223$17,365$12,211$8,448$5,769$1,710
31 years$23,188$16,416$11,384$7,759$5,215$1,471
32 years$22,219$15,533$10,622$7,131$4,718$1,265
33 years$21,311$14,710$9,917$6,557$4,270$1,088
34 years$20,458$13,942$9,266$6,033$3,866$936
35 years$19,656$13,223$8,663$5,554$3,501$806
36 years$18,900$12,551$8,104$5,115$3,172$694
37 years$18,186$11,921$7,586$4,713$2,875$597
38 years$17,512$11,329$7,104$4,344$2,607$514
39 years$16,874$10,773$6,655$4,005$2,364$442
40 years$16,269$10,249$6,238$3,694$2,144$381
41 years$15,695$9,756$5,849$3,409$1,945$328
42 years$15,150$9,292$5,487$3,146$1,765$282
43 years$14,632$8,853$5,149$2,904$1,602$243
44 years$14,139$8,439$4,833$2,681$1,454$209
45 years$13,669$8,047$4,538$2,476$1,320$180
46 years$13,221$7,677$4,262$2,287$1,198$155
47 years$12,793$7,326$4,004$2,113$1,088$134
48 years$12,384$6,994$3,763$1,953$988$115
49 years$11,993$6,678$3,537$1,805$898$99
50 years$11,619$6,379$3,325$1,668$815$85

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $11,900,000, adding $5,068 every year, while hoping to spend $46,380 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: 44/36/20 Blend
66$11,900,000$11,900,000$11,900,000$11,900,000
67$13,119,028$12,488,328$12,303,878$13,620,096
68$14,407,821$13,050,908$12,666,710$14,536,234
69$15,826,516$13,639,500$13,040,142$15,523,702
70$17,388,315$14,255,329$13,424,481$16,593,103
71$19,107,763$14,899,681$13,820,041$17,752,039
72$21,000,889$15,573,899$14,227,147$19,008,857
73$23,085,354$16,279,395$14,646,131$20,372,721
74$25,380,619$17,017,644$15,077,335$21,853,698
75$27,908,129$17,790,196$15,521,113$23,462,841
76$30,691,514$18,598,671$15,977,825$25,212,298
77$33,756,811$19,444,769$16,447,846$27,115,411
78$37,132,715$20,330,271$16,931,557$29,186,845
79$40,850,840$21,257,043$17,429,353$31,442,717
80$44,946,028$22,227,040$17,941,638$33,900,742
81$49,456,670$23,242,312$18,468,830$36,580,396
82$54,425,070$24,305,006$19,011,356$39,503,091
83$59,897,848$25,417,372$19,569,657$42,692,372
84$65,926,374$26,581,768$20,144,186$46,174,133
85$72,567,257$27,800,667$20,735,409$49,976,852
86$79,882,876$29,076,659$21,343,804$54,131,852
87$87,941,971$30,412,457$21,969,863$58,673,592
88$96,820,292$31,810,907$22,614,094$63,639,979
89$106,601,311$33,274,991$23,277,015$69,072,722
90$117,377,013$34,807,834$23,959,163$75,017,714
91$129,248,761$36,412,710$24,661,088$81,525,453
92$142,328,255$38,093,053$25,383,354$88,651,515
93$156,738,585$39,852,461$26,126,545$96,457,062
94$172,615,393$41,694,704$26,891,257$105,009,413
95$190,108,154$43,623,736$27,678,105$114,382,666
96$209,381,586$45,643,699$28,487,722$124,658,382
97$230,617,203$47,758,936$29,320,756$135,926,351
98$254,015,032$49,973,998$30,177,876$148,285,418
99$279,795,499$52,293,657$31,059,767$161,844,406
100$308,201,507$54,722,913$31,967,137$176,723,130