Can I retire at age 67 with 14,000,000?

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 $14,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,082,812
2 years$572,330$561,671$551,341$541,325$531,609$498,074
3 years$377,763$367,058$356,754$346,832$337,275$304,822
4 years$280,499$269,827$259,625$249,873$240,547$209,426
5 years$222,156$211,547$201,480$191,926$182,860$153,156
6 years$183,273$172,744$162,826$153,485$144,691$116,429
7 years$155,510$145,070$135,309$126,189$117,673$90,852
8 years$134,698$124,352$114,753$105,856$97,621$72,225
9 years$118,519$108,271$98,837$90,166$82,211$58,213
10 years$105,583$95,436$86,168$77,724$70,048$47,414
11 years$95,006$84,961$75,861$67,643$60,243$38,934
12 years$86,199$76,256$67,325$59,332$52,206$32,178
13 years$78,752$68,913$60,150$52,381$45,524$26,733
14 years$72,375$62,640$54,045$46,498$39,906$22,301
15 years$66,852$57,223$48,795$41,468$35,137$18,669
16 years$62,025$52,501$44,240$37,130$31,054$15,672
17 years$57,770$48,351$40,257$33,361$27,535$13,186
18 years$53,993$44,679$36,749$30,065$24,482$11,117
19 years$50,616$41,408$33,642$27,167$21,822$9,387
20 years$47,582$38,478$30,875$24,605$19,492$7,937
21 years$44,839$35,841$28,399$22,330$17,443$6,719
22 years$42,350$33,456$26,174$20,303$15,635$5,693
23 years$40,080$31,291$24,167$18,491$14,035$4,828
24 years$38,003$29,318$22,351$16,865$12,615$4,096
25 years$36,094$27,513$20,701$15,402$11,351$3,478
26 years$34,335$25,858$19,199$14,082$10,225$2,955
27 years$32,710$24,335$17,828$12,890$9,219$2,511
28 years$31,203$22,931$16,574$11,810$8,318$2,134
29 years$29,803$21,633$15,423$10,830$7,511$1,815
30 years$28,498$20,430$14,366$9,939$6,787$1,544
31 years$27,280$19,313$13,393$9,128$6,136$1,313
32 years$26,140$18,274$12,496$8,389$5,550$1,118
33 years$25,072$17,306$11,668$7,715$5,023$951
34 years$24,069$16,402$10,902$7,098$4,548$810
35 years$23,125$15,557$10,192$6,534$4,119$689
36 years$22,235$14,766$9,535$6,018$3,732$587
37 years$21,396$14,024$8,924$5,545$3,383$499
38 years$20,602$13,328$8,357$5,111$3,067$425
39 years$19,852$12,674$7,830$4,712$2,781$362
40 years$19,140$12,058$7,339$4,346$2,522$308
41 years$18,465$11,478$6,881$4,010$2,288$263
42 years$17,824$10,931$6,455$3,701$2,076$224
43 years$17,214$10,415$6,057$3,416$1,885$190
44 years$16,634$9,928$5,686$3,154$1,711$162
45 years$16,081$9,467$5,339$2,913$1,553$138
46 years$15,554$9,031$5,014$2,691$1,410$118
47 years$15,050$8,619$4,711$2,486$1,280$100
48 years$14,569$8,228$4,427$2,297$1,163$85
49 years$14,109$7,857$4,161$2,123$1,056$73
50 years$13,669$7,505$3,912$1,962$959$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $14,000,000, adding $2,555 every year, while hoping to spend $41,838 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: 29/44/27 Blend
66$14,000,000$14,000,000$14,000,000$14,000,000
67$15,430,635$14,688,635$14,471,635$15,749,088
68$16,960,045$15,363,863$14,911,920$16,675,212
69$18,644,052$16,070,775$15,365,552$17,666,337
70$20,498,381$16,810,879$15,832,934$18,731,054
71$22,540,360$17,585,756$16,314,481$19,875,745
72$24,789,082$18,397,063$16,810,621$21,107,396
73$27,265,586$19,246,537$17,321,795$22,433,657
74$29,993,056$20,135,998$17,848,455$23,862,901
75$32,997,039$21,067,353$18,391,070$25,404,306
76$36,305,686$22,042,602$18,950,120$27,067,925
77$39,950,018$23,063,842$19,526,101$28,864,776
78$43,964,218$24,133,268$20,119,523$30,806,942
79$48,385,955$25,253,184$20,730,913$32,907,669
80$53,256,736$26,426,004$21,360,813$35,181,489
81$58,622,302$27,654,258$22,009,779$37,644,343
82$64,533,058$28,940,597$22,678,387$40,313,723
83$71,044,546$30,287,802$23,367,229$43,208,829
84$78,217,973$31,698,788$24,076,915$46,350,735
85$86,120,786$33,176,608$24,808,071$49,762,584
86$94,827,310$34,724,466$25,561,346$53,469,785
87$104,419,450$36,345,719$26,337,405$57,500,249
88$114,987,460$38,043,885$27,136,934$61,884,636
89$126,630,799$39,822,654$27,960,640$66,656,630
90$139,459,070$41,685,893$28,809,250$71,853,248
91$153,593,050$43,637,657$29,683,515$77,515,168
92$169,165,834$45,682,195$30,584,206$83,687,101
93$186,324,090$47,823,965$31,512,119$90,418,198
94$205,229,444$50,067,636$32,468,071$97,762,497
95$226,060,004$52,418,106$33,452,908$105,779,413
96$249,012,041$54,880,509$34,467,497$114,534,283
97$274,301,844$57,460,229$35,512,733$124,098,963
98$302,167,760$60,162,908$36,589,537$134,552,485
99$332,872,444$62,994,463$37,698,859$145,981,785
100$366,705,338$65,961,097$38,841,676$158,482,499