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%16.4%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,087,186
2 years$572,330$561,671$551,341$541,325$531,609$502,397
3 years$377,763$367,058$356,754$346,832$337,275$308,957
4 years$280,499$269,827$259,625$249,873$240,547$213,341
5 years$222,156$211,547$201,480$191,926$182,860$156,842
6 years$183,273$172,744$162,826$153,485$144,691$119,885
7 years$155,510$145,070$135,309$126,189$117,673$94,082
8 years$134,698$124,352$114,753$105,856$97,621$75,233
9 years$118,519$108,271$98,837$90,166$82,211$61,006
10 years$105,583$95,436$86,168$77,724$70,048$50,000
11 years$95,006$84,961$75,861$67,643$60,243$41,323
12 years$86,199$76,256$67,325$59,332$52,206$34,378
13 years$78,752$68,913$60,150$52,381$45,524$28,754
14 years$72,375$62,640$54,045$46,498$39,906$24,154
15 years$66,852$57,223$48,795$41,468$35,137$20,362
16 years$62,025$52,501$44,240$37,130$31,054$17,216
17 years$57,770$48,351$40,257$33,361$27,535$14,592
18 years$53,993$44,679$36,749$30,065$24,482$12,393
19 years$50,616$41,408$33,642$27,167$21,822$10,544
20 years$47,582$38,478$30,875$24,605$19,492$8,983
21 years$44,839$35,841$28,399$22,330$17,443$7,663
22 years$42,350$33,456$26,174$20,303$15,635$6,544
23 years$40,080$31,291$24,167$18,491$14,035$5,593
24 years$38,003$29,318$22,351$16,865$12,615$4,784
25 years$36,094$27,513$20,701$15,402$11,351$4,094
26 years$34,335$25,858$19,199$14,082$10,225$3,506
27 years$32,710$24,335$17,828$12,890$9,219$3,004
28 years$31,203$22,931$16,574$11,810$8,318$2,574
29 years$29,803$21,633$15,423$10,830$7,511$2,207
30 years$28,498$20,430$14,366$9,939$6,787$1,893
31 years$27,280$19,313$13,393$9,128$6,136$1,624
32 years$26,140$18,274$12,496$8,389$5,550$1,393
33 years$25,072$17,306$11,668$7,715$5,023$1,196
34 years$24,069$16,402$10,902$7,098$4,548$1,026
35 years$23,125$15,557$10,192$6,534$4,119$881
36 years$22,235$14,766$9,535$6,018$3,732$756
37 years$21,396$14,024$8,924$5,545$3,383$649
38 years$20,602$13,328$8,357$5,111$3,067$558
39 years$19,852$12,674$7,830$4,712$2,781$479
40 years$19,140$12,058$7,339$4,346$2,522$411
41 years$18,465$11,478$6,881$4,010$2,288$353
42 years$17,824$10,931$6,455$3,701$2,076$303
43 years$17,214$10,415$6,057$3,416$1,885$260
44 years$16,634$9,928$5,686$3,154$1,711$224
45 years$16,081$9,467$5,339$2,913$1,553$192
46 years$15,554$9,031$5,014$2,691$1,410$165
47 years$15,050$8,619$4,711$2,486$1,280$142
48 years$14,569$8,228$4,427$2,297$1,163$122
49 years$14,109$7,857$4,161$2,123$1,056$105
50 years$13,669$7,505$3,912$1,962$959$90

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 $5,134 every year, while hoping to spend $49,321 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: 39/34/27 Blend
66$14,000,000$14,000,000$14,000,000$14,000,000
67$15,433,296$14,691,296$14,474,296$15,911,352
68$16,955,015$15,358,692$14,906,707$16,927,836
69$18,630,296$16,057,138$15,351,952$18,021,298
70$20,474,751$16,788,102$15,810,407$19,202,754
71$22,505,581$17,553,125$16,282,462$20,480,257
72$24,741,742$18,353,820$16,768,516$21,862,640
73$27,204,120$19,191,877$17,268,981$23,359,598
74$29,915,731$20,069,069$17,784,282$24,981,771
75$32,901,934$20,987,253$18,314,855$26,740,845
76$36,190,677$21,948,373$18,861,147$28,649,649
77$39,812,752$22,954,470$19,423,622$30,722,273
78$43,802,094$24,007,680$20,002,755$32,974,198
79$48,196,095$25,110,244$20,599,034$35,422,428
80$53,035,959$26,264,508$21,212,964$38,085,651
81$58,367,090$27,472,932$21,845,062$40,984,402
82$64,239,523$28,738,096$22,495,861$44,141,254
83$70,708,392$30,062,701$23,165,911$47,581,019
84$77,834,454$31,449,579$23,855,775$51,330,977
85$85,684,659$32,901,699$24,566,034$55,421,124
86$94,332,784$34,422,172$25,297,286$59,884,443
87$103,860,130$36,014,260$26,050,146$64,757,210
88$114,356,284$37,681,380$26,825,247$70,079,326
89$125,919,973$39,427,115$27,623,241$75,894,679
90$138,659,987$41,255,221$28,444,796$82,251,553
91$152,696,212$43,169,633$29,290,604$89,203,069
92$168,160,759$45,174,478$30,161,372$96,807,674
93$185,199,210$47,274,081$31,057,831$105,129,685
94$203,971,993$49,472,975$31,980,733$114,239,875
95$224,655,899$51,775,913$32,930,849$124,216,137
96$247,445,743$54,187,875$33,908,975$135,144,198
97$272,556,212$56,714,084$34,915,929$147,118,417
98$300,223,886$59,360,015$35,952,553$160,242,658
99$330,709,471$62,131,404$37,019,712$174,631,257
100$364,300,262$65,034,268$38,118,298$190,410,080