Can I retire at age 67 with 14,200,000?

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 $14,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,119,107
2 years$580,506$569,695$559,217$549,058$539,204$525,896
3 years$383,160$372,302$361,850$351,787$342,093$329,112
4 years$284,506$273,681$263,334$253,443$243,984$231,429
5 years$225,329$214,569$204,358$194,668$185,472$173,381
6 years$185,891$175,212$165,152$155,678$146,758$135,145
7 years$157,732$147,143$137,242$127,991$119,354$108,223
8 years$136,622$126,129$116,392$107,369$99,015$88,367
9 years$120,212$109,818$100,248$91,454$83,385$73,214
10 years$107,092$96,799$87,399$78,834$71,048$61,348
11 years$96,364$86,174$76,945$68,610$61,104$51,866
12 years$87,430$77,345$68,286$60,180$52,951$44,166
13 years$79,877$69,898$61,009$53,130$46,175$37,831
14 years$73,408$63,535$54,817$47,163$40,476$32,562
15 years$67,807$58,040$49,493$42,061$35,639$28,141
16 years$62,911$53,251$44,872$37,661$31,498$24,404
17 years$58,596$49,042$40,832$33,838$27,928$21,224
18 years$54,764$45,317$37,274$30,495$24,832$18,505
19 years$51,339$41,999$34,123$27,555$22,133$16,168
20 years$48,261$39,028$31,316$24,956$19,770$14,152
21 years$45,480$36,353$28,805$22,649$17,692$12,407
22 years$42,955$33,934$26,548$20,593$15,858$10,892
23 years$40,653$31,738$24,513$18,755$14,235$9,573
24 years$38,545$29,736$22,670$17,105$12,795$8,423
25 years$36,610$27,906$20,997$15,622$11,514$7,418
26 years$34,826$26,227$19,474$14,284$10,371$6,538
27 years$33,177$24,683$18,083$13,074$9,350$5,766
28 years$31,649$23,259$16,810$11,979$8,437$5,088
29 years$30,228$21,942$15,644$10,985$7,618$4,493
30 years$28,905$20,722$14,571$10,081$6,884$3,969
31 years$27,670$19,589$13,584$9,259$6,224$3,508
32 years$26,514$18,535$12,675$8,509$5,630$3,101
33 years$25,430$17,553$11,834$7,825$5,095$2,742
34 years$24,412$16,636$11,057$7,200$4,613$2,426
35 years$23,455$15,779$10,338$6,628$4,178$2,146
36 years$22,553$14,977$9,671$6,104$3,785$1,900
37 years$21,701$14,225$9,052$5,624$3,431$1,682
38 years$20,897$13,518$8,476$5,184$3,110$1,489
39 years$20,135$12,855$7,942$4,780$2,821$1,318
40 years$19,414$12,230$7,444$4,408$2,558$1,167
41 years$18,729$11,642$6,980$4,067$2,321$1,034
42 years$18,079$11,087$6,547$3,754$2,106$916
43 years$17,460$10,564$6,144$3,465$1,911$811
44 years$16,872$10,070$5,767$3,199$1,735$719
45 years$16,311$9,602$5,415$2,955$1,575$637
46 years$15,776$9,160$5,086$2,729$1,430$564
47 years$15,265$8,742$4,778$2,522$1,299$500
48 years$14,777$8,345$4,490$2,330$1,179$443
49 years$14,311$7,969$4,220$2,153$1,071$393
50 years$13,864$7,612$3,968$1,990$973$348

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $14,200,000, adding $3,927 every year, while hoping to spend $49,272 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: 68/18/14 Blend
66$14,200,000$14,200,000$14,200,000$14,200,000
67$15,652,451$14,899,851$14,679,751$16,666,388
68$17,196,576$15,577,518$15,119,097$18,019,700
69$18,896,550$16,286,740$15,571,511$19,493,104
70$20,768,218$17,029,011$16,037,376$21,103,360
71$22,829,040$17,805,895$16,517,092$22,863,904
72$25,098,252$18,619,035$17,011,065$24,789,522
73$27,597,055$19,470,149$17,519,717$26,896,484
74$30,348,808$20,361,039$18,043,480$29,202,698
75$33,379,250$21,293,594$18,582,800$31,727,874
76$36,716,745$22,269,792$19,138,136$34,493,707
77$40,392,549$23,291,707$19,709,959$37,524,078
78$44,441,101$24,361,513$20,298,755$40,845,275
79$48,900,354$25,481,487$20,905,024$44,486,242
80$53,812,127$26,654,018$21,529,280$48,478,842
81$59,222,506$27,881,607$22,172,053$52,858,158
82$65,182,272$29,166,876$22,833,887$57,662,819
83$71,747,385$30,512,574$23,515,343$62,935,357
84$78,979,510$31,921,581$24,216,998$68,722,612
85$86,946,599$33,396,918$24,939,447$75,076,158
86$95,723,533$34,941,748$25,683,299$82,052,796
87$105,392,828$36,559,389$26,449,185$89,715,078
88$116,045,415$38,253,317$27,237,751$98,131,892
89$127,781,495$40,027,177$28,049,663$107,379,111
90$140,711,488$41,884,789$28,885,607$117,540,300
91$154,957,072$43,830,156$29,746,288$128,707,498
92$170,652,337$45,867,477$30,632,431$140,982,084
93$187,945,042$48,001,150$31,544,785$154,475,722
94$206,998,017$50,235,787$32,484,116$169,311,412
95$227,990,697$52,576,223$33,451,216$185,624,644
96$251,120,815$55,027,525$34,446,899$203,564,666
97$276,606,270$57,595,005$35,472,001$223,295,886
98$304,687,181$60,284,233$36,527,386$244,999,418
99$335,628,159$63,101,045$37,613,938$268,874,780
100$369,720,797$66,051,562$38,732,571$295,141,769