Can I retire at age 67 with 13,400,000?

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 $13,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,047,818
2 years$547,802$537,599$527,712$518,125$508,826$488,038
3 years$361,573$351,327$341,464$331,968$322,820$302,609
4 years$268,478$258,263$248,499$239,164$230,238$210,760
5 years$212,635$202,481$192,845$183,701$175,023$156,334
6 years$175,418$165,341$155,848$146,907$138,490$120,609
7 years$148,845$138,853$129,510$120,780$112,629$95,562
8 years$128,925$119,023$109,835$101,320$93,437$77,178
9 years$113,439$103,631$94,601$86,302$78,687$63,227
10 years$101,058$91,345$82,475$74,393$67,046$52,369
11 years$90,935$81,319$72,610$64,744$57,661$43,751
12 years$82,505$72,988$64,439$56,789$49,968$36,804
13 years$75,377$65,960$57,572$50,137$43,573$31,134
14 years$69,273$59,956$51,729$44,506$38,196$26,458
15 years$63,987$54,771$46,704$39,691$33,631$22,570
16 years$59,367$50,251$42,344$35,539$29,723$19,315
17 years$55,295$46,279$38,532$31,932$26,354$16,573
18 years$51,679$42,764$35,174$28,777$23,433$14,253
19 years$48,447$39,633$32,200$26,002$20,887$12,280
20 years$45,542$36,829$29,552$23,550$18,656$10,598
21 years$42,918$34,305$27,182$21,373$16,695$9,159
22 years$40,535$32,022$25,053$19,433$14,965$7,925
23 years$38,362$29,950$23,132$17,698$13,433$6,864
24 years$36,374$28,061$21,393$16,142$12,074$5,950
25 years$34,547$26,334$19,814$14,742$10,865$5,162
26 years$32,864$24,750$18,376$13,479$9,787$4,481
27 years$31,308$23,292$17,064$12,338$8,824$3,893
28 years$29,866$21,948$15,863$11,304$7,962$3,383
29 years$28,525$20,706$14,762$10,366$7,189$2,941
30 years$27,277$19,554$13,750$9,513$6,496$2,558
31 years$26,111$18,485$12,819$8,737$5,873$2,225
32 years$25,020$17,491$11,960$8,030$5,312$1,936
33 years$23,997$16,564$11,168$7,384$4,808$1,686
34 years$23,037$15,699$10,434$6,794$4,353$1,467
35 years$22,134$14,890$9,755$6,254$3,943$1,278
36 years$21,282$14,133$9,126$5,760$3,572$1,113
37 years$20,479$13,423$8,542$5,307$3,238$969
38 years$19,720$12,757$7,999$4,892$2,935$844
39 years$19,001$12,130$7,494$4,510$2,662$736
40 years$18,320$11,541$7,024$4,160$2,414$641
41 years$17,674$10,986$6,586$3,838$2,190$559
42 years$17,060$10,463$6,178$3,542$1,987$487
43 years$16,477$9,969$5,798$3,270$1,804$424
44 years$15,921$9,502$5,442$3,019$1,637$370
45 years$15,392$9,061$5,110$2,788$1,486$322
46 years$14,887$8,644$4,799$2,576$1,350$281
47 years$14,405$8,249$4,509$2,380$1,225$245
48 years$13,945$7,875$4,237$2,199$1,113$213
49 years$13,504$7,520$3,983$2,032$1,011$186
50 years$13,083$7,184$3,744$1,878$918$162

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $13,400,000, adding $4,685 every year, while hoping to spend $26,125 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: 46/25/29 Blend
66$13,400,000$13,400,000$13,400,000$13,400,000
67$14,771,633$14,061,433$13,853,733$15,327,485
68$16,250,542$14,722,646$14,290,036$16,383,592
69$17,879,425$15,415,383$14,740,080$17,525,921
70$19,673,551$16,141,161$15,204,297$18,764,929
71$21,649,746$16,901,571$15,683,133$20,109,698
72$23,826,552$17,698,280$16,177,050$21,570,202
73$26,224,401$18,533,036$16,686,522$23,157,399
74$28,865,808$19,407,673$17,212,039$24,883,330
75$31,775,584$20,324,112$17,754,105$26,761,228
76$34,981,069$21,284,370$18,313,243$28,805,637
77$38,512,391$22,290,557$18,889,990$31,032,545
78$42,402,751$23,344,890$19,484,901$33,459,528
79$46,688,733$24,449,692$20,098,547$36,105,913
80$51,410,654$25,607,397$20,731,518$38,992,954
81$56,612,941$26,820,559$21,384,424$42,144,022
82$62,344,550$28,091,856$22,057,892$45,584,825
83$68,659,432$29,424,095$22,752,569$49,343,643
84$75,617,037$30,820,219$23,469,123$53,451,584
85$83,282,881$32,283,315$24,208,244$57,942,875
86$91,729,156$33,816,619$24,970,643$62,855,175
87$101,035,422$35,423,525$25,757,051$68,229,922
88$111,289,348$37,107,591$26,568,225$74,112,718
89$122,587,547$38,872,548$27,404,946$80,553,751
90$135,036,482$40,722,308$28,268,017$87,608,256
91$148,753,477$42,660,975$29,158,269$95,337,031
92$163,867,818$44,692,849$30,076,557$103,807,000
93$180,521,979$46,822,442$31,023,765$113,091,832
94$198,872,962$49,054,484$32,000,804$123,272,630
95$219,093,786$51,393,934$33,008,612$134,438,681
96$241,375,110$53,845,995$34,048,158$146,688,290
97$265,927,042$56,416,120$35,120,443$160,129,694
98$292,981,120$59,110,029$36,226,497$174,882,074
99$322,792,493$61,933,720$37,367,383$191,076,662
100$355,642,336$64,893,481$38,544,199$208,857,969