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

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 $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%14.6%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,048,247
2 years$547,802$537,599$527,712$518,125$508,826$488,465
3 years$361,573$351,327$341,464$331,968$322,820$303,021
4 years$268,478$258,263$248,499$239,164$230,238$211,154
5 years$212,635$202,481$192,845$183,701$175,023$156,708
6 years$175,418$165,341$155,848$146,907$138,490$120,964
7 years$148,845$138,853$129,510$120,780$112,629$95,897
8 years$128,925$119,023$109,835$101,320$93,437$77,493
9 years$113,439$103,631$94,601$86,302$78,687$63,523
10 years$101,058$91,345$82,475$74,393$67,046$52,646
11 years$90,935$81,319$72,610$64,744$57,661$44,010
12 years$82,505$72,988$64,439$56,789$49,968$37,046
13 years$75,377$65,960$57,572$50,137$43,573$31,360
14 years$69,273$59,956$51,729$44,506$38,196$26,668
15 years$63,987$54,771$46,704$39,691$33,631$22,765
16 years$59,367$50,251$42,344$35,539$29,723$19,496
17 years$55,295$46,279$38,532$31,932$26,354$16,740
18 years$51,679$42,764$35,174$28,777$23,433$14,407
19 years$48,447$39,633$32,200$26,002$20,887$12,422
20 years$45,542$36,829$29,552$23,550$18,656$10,729
21 years$42,918$34,305$27,182$21,373$16,695$9,279
22 years$40,535$32,022$25,053$19,433$14,965$8,035
23 years$38,362$29,950$23,132$17,698$13,433$6,965
24 years$36,374$28,061$21,393$16,142$12,074$6,042
25 years$34,547$26,334$19,814$14,742$10,865$5,246
26 years$32,864$24,750$18,376$13,479$9,787$4,558
27 years$31,308$23,292$17,064$12,338$8,824$3,962
28 years$29,866$21,948$15,863$11,304$7,962$3,446
29 years$28,525$20,706$14,762$10,366$7,189$2,998
30 years$27,277$19,554$13,750$9,513$6,496$2,610
31 years$26,111$18,485$12,819$8,737$5,873$2,272
32 years$25,020$17,491$11,960$8,030$5,312$1,979
33 years$23,997$16,564$11,168$7,384$4,808$1,724
34 years$23,037$15,699$10,434$6,794$4,353$1,502
35 years$22,134$14,890$9,755$6,254$3,943$1,309
36 years$21,282$14,133$9,126$5,760$3,572$1,141
37 years$20,479$13,423$8,542$5,307$3,238$995
38 years$19,720$12,757$7,999$4,892$2,935$867
39 years$19,001$12,130$7,494$4,510$2,662$756
40 years$18,320$11,541$7,024$4,160$2,414$660
41 years$17,674$10,986$6,586$3,838$2,190$575
42 years$17,060$10,463$6,178$3,542$1,987$502
43 years$16,477$9,969$5,798$3,270$1,804$438
44 years$15,921$9,502$5,442$3,019$1,637$382
45 years$15,392$9,061$5,110$2,788$1,486$333
46 years$14,887$8,644$4,799$2,576$1,350$291
47 years$14,405$8,249$4,509$2,380$1,225$253
48 years$13,945$7,875$4,237$2,199$1,113$221
49 years$13,504$7,520$3,983$2,032$1,011$193
50 years$13,083$7,184$3,744$1,878$918$168

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 $2,132 every year, while hoping to spend $52,309 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: 49/23/28 Blend
66$13,400,000$13,400,000$13,400,000$13,400,000
67$14,768,999$14,058,799$13,851,099$15,375,006
68$16,219,781$14,692,024$14,259,455$16,433,434
69$17,816,789$15,354,524$14,679,737$17,577,373
70$19,574,883$16,047,677$15,112,290$18,819,246
71$21,510,438$16,772,930$15,557,468$20,168,346
72$23,641,495$17,531,796$16,015,636$21,634,886
73$25,987,936$18,325,862$16,487,168$23,230,093
74$28,571,666$19,156,790$16,972,449$24,966,309
75$31,416,824$20,026,322$17,471,874$26,857,103
76$34,550,011$20,936,282$17,985,853$28,917,396
77$38,000,536$21,888,583$18,514,803$31,163,598
78$41,800,697$22,885,230$19,059,154$33,613,758
79$45,986,083$23,928,322$19,619,351$36,287,728
80$50,595,913$25,020,059$20,195,849$39,207,349
81$55,673,402$26,162,747$20,789,116$42,396,647
82$61,266,171$27,358,804$21,399,633$45,882,060
83$67,426,696$28,610,761$22,027,897$49,692,678
84$74,212,803$29,921,272$22,674,415$53,860,514
85$81,688,213$31,293,119$23,339,712$58,420,798
86$89,923,145$32,729,216$24,024,327$63,412,307
87$98,994,976$34,232,617$24,728,812$68,877,720
88$108,988,973$35,806,525$25,453,737$74,864,018
89$119,999,098$37,454,295$26,199,687$81,422,916
90$132,128,893$39,179,443$26,967,263$88,611,348
91$145,492,459$40,985,654$27,757,085$96,491,994
92$160,215,530$42,876,792$28,569,788$105,133,866
93$176,436,664$44,856,905$29,406,026$114,612,947
94$194,308,548$46,930,237$30,266,472$125,012,904
95$213,999,436$49,101,235$31,151,815$136,425,865
96$235,694,745$51,374,562$32,062,768$148,953,281
97$259,598,798$53,755,104$33,000,059$162,706,873
98$285,936,754$56,247,983$33,964,440$177,809,676
99$314,956,737$58,858,568$34,956,682$194,397,191
100$346,932,172$61,592,486$35,977,579$212,618,651