Can I retire at age 67 with 13,200,000?

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 $13,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,032,601
2 years$539,626$529,576$519,835$510,392$501,232$481,175
3 years$356,177$346,083$336,368$327,013$318,002$298,499
4 years$264,470$254,408$244,790$235,594$226,802$208,002
5 years$209,461$199,459$189,967$180,959$172,411$154,369
6 years$172,800$162,873$153,521$144,714$136,423$119,158
7 years$146,624$136,781$127,577$118,978$110,948$94,465
8 years$127,001$117,246$108,195$99,807$92,042$76,337
9 years$111,746$102,084$93,189$85,014$77,513$62,575
10 years$99,550$89,982$81,244$73,283$66,045$51,861
11 years$89,578$80,106$71,526$63,778$56,801$43,354
12 years$81,273$71,899$63,477$55,942$49,222$36,493
13 years$74,252$64,975$56,713$49,388$42,923$30,891
14 years$68,239$59,061$50,957$43,841$37,626$26,270
15 years$63,032$53,953$46,007$39,099$33,129$22,425
16 years$58,481$49,501$41,712$35,009$29,279$19,205
17 years$54,469$45,589$37,956$31,455$25,961$16,490
18 years$50,907$42,126$34,649$28,347$23,083$14,192
19 years$47,724$39,042$31,720$25,614$20,575$12,237
20 years$44,863$36,280$29,111$23,199$18,378$10,569
21 years$42,277$33,793$26,776$21,054$16,446$9,141
22 years$39,930$31,544$24,679$19,143$14,742$7,915
23 years$37,790$29,503$22,786$17,434$13,233$6,861
24 years$35,831$27,642$21,073$15,901$11,894$5,952
25 years$34,032$25,941$19,518$14,522$10,703$5,168
26 years$32,373$24,380$18,102$13,278$9,641$4,490
27 years$30,841$22,945$16,809$12,153$8,692$3,903
28 years$29,420$21,621$15,627$11,135$7,843$3,395
29 years$28,100$20,397$14,542$10,211$7,082$2,954
30 years$26,869$19,262$13,545$9,371$6,399$2,571
31 years$25,721$18,209$12,628$8,607$5,785$2,239
32 years$24,647$17,230$11,782$7,910$5,233$1,950
33 years$23,639$16,317$11,001$7,274$4,736$1,698
34 years$22,693$15,465$10,279$6,693$4,288$1,480
35 years$21,803$14,668$9,610$6,161$3,884$1,290
36 years$20,965$13,922$8,990$5,674$3,519$1,124
37 years$20,173$13,223$8,414$5,228$3,189$980
38 years$19,425$12,566$7,880$4,819$2,891$855
39 years$18,717$11,949$7,382$4,443$2,622$745
40 years$18,046$11,369$6,919$4,098$2,378$650
41 years$17,410$10,822$6,488$3,781$2,158$567
42 years$16,806$10,307$6,086$3,489$1,958$494
43 years$16,231$9,820$5,711$3,221$1,777$431
44 years$15,683$9,361$5,361$2,974$1,613$376
45 years$15,162$8,926$5,034$2,747$1,464$328
46 years$14,665$8,515$4,728$2,537$1,329$286
47 years$14,190$8,126$4,442$2,344$1,207$250
48 years$13,737$7,757$4,174$2,166$1,096$218
49 years$13,303$7,408$3,923$2,002$996$190
50 years$12,888$7,076$3,688$1,850$904$166

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $13,200,000, adding $2,439 every year, while hoping to spend $34,145 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: 59/22/19 Blend
66$13,200,000$13,200,000$13,200,000$13,200,000
67$14,548,916$13,849,316$13,644,716$15,334,709
68$15,996,575$14,491,602$14,065,484$16,509,803
69$17,590,751$15,164,216$14,499,203$17,786,786
70$19,346,353$15,868,608$14,946,272$19,178,683
71$21,279,809$16,606,297$15,407,099$20,696,606
72$23,409,221$17,378,878$15,882,109$22,352,775
73$25,754,537$18,188,019$16,371,735$24,160,632
74$28,337,740$19,035,471$16,876,428$26,134,961
75$31,183,050$19,923,070$17,396,649$28,292,025
76$34,317,161$20,852,740$17,932,876$30,649,717
77$37,769,484$21,826,497$18,485,600$33,227,721
78$41,572,431$22,846,455$19,055,328$36,047,698
79$45,761,718$23,914,831$19,642,581$39,133,485
80$50,376,703$25,033,947$20,247,897$42,511,313
81$55,460,756$26,206,240$20,871,830$46,210,052
82$61,061,670$27,434,262$21,514,953$50,261,476
83$67,232,110$28,720,691$22,177,854$54,700,562
84$74,030,113$30,068,332$22,861,140$59,565,810
85$81,519,632$31,480,128$23,565,436$64,899,605
86$89,771,144$32,959,164$24,291,387$70,748,606
87$98,862,310$34,508,672$25,039,658$77,164,184
88$108,878,712$36,132,043$25,810,932$84,202,901
89$119,914,658$37,832,831$26,605,917$91,927,032
90$132,074,077$39,614,763$27,425,338$100,405,153
91$145,471,492$41,481,746$28,269,946$109,712,773
92$160,233,107$43,437,875$29,140,513$119,933,045
93$176,497,999$45,487,445$30,037,835$131,157,541
94$194,419,425$47,634,960$30,962,732$143,487,106
95$214,166,272$49,885,139$31,916,050$157,032,805
96$235,924,655$52,242,934$32,898,661$171,916,957
97$259,899,665$54,713,533$33,911,461$188,274,283
98$286,317,314$57,302,379$34,955,378$206,253,170
99$315,426,660$60,015,176$36,031,363$226,017,054
100$347,502,167$62,857,907$37,140,402$247,745,961