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%15.8%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,105,403
2 years$580,506$569,695$559,217$549,058$539,204$512,235
3 years$383,160$372,302$361,850$351,787$342,093$315,923
4 years$284,506$273,681$263,334$253,443$243,984$218,814
5 years$225,329$214,569$204,358$194,668$185,472$161,373
6 years$185,891$175,212$165,152$155,678$146,758$123,754
7 years$157,732$147,143$137,242$127,991$119,354$97,447
8 years$136,622$126,129$116,392$107,369$99,015$78,198
9 years$120,212$109,818$100,248$91,454$83,385$63,641
10 years$107,092$96,799$87,399$78,834$71,048$52,355
11 years$96,364$86,174$76,945$68,610$61,104$43,435
12 years$87,430$77,345$68,286$60,180$52,951$36,278
13 years$79,877$69,898$61,009$53,130$46,175$30,464
14 years$73,408$63,535$54,817$47,163$40,476$25,696
15 years$67,807$58,040$49,493$42,061$35,639$21,753
16 years$62,911$53,251$44,872$37,661$31,498$18,471
17 years$58,596$49,042$40,832$33,838$27,928$15,724
18 years$54,764$45,317$37,274$30,495$24,832$13,414
19 years$51,339$41,999$34,123$27,555$22,133$11,464
20 years$48,261$39,028$31,316$24,956$19,770$9,812
21 years$45,480$36,353$28,805$22,649$17,692$8,409
22 years$42,955$33,934$26,548$20,593$15,858$7,214
23 years$40,653$31,738$24,513$18,755$14,235$6,195
24 years$38,545$29,736$22,670$17,105$12,795$5,324
25 years$36,610$27,906$20,997$15,622$11,514$4,578
26 years$34,826$26,227$19,474$14,284$10,371$3,940
27 years$33,177$24,683$18,083$13,074$9,350$3,392
28 years$31,649$23,259$16,810$11,979$8,437$2,921
29 years$30,228$21,942$15,644$10,985$7,618$2,517
30 years$28,905$20,722$14,571$10,081$6,884$2,169
31 years$27,670$19,589$13,584$9,259$6,224$1,870
32 years$26,514$18,535$12,675$8,509$5,630$1,612
33 years$25,430$17,553$11,834$7,825$5,095$1,391
34 years$24,412$16,636$11,057$7,200$4,613$1,200
35 years$23,455$15,779$10,338$6,628$4,178$1,035
36 years$22,553$14,977$9,671$6,104$3,785$893
37 years$21,701$14,225$9,052$5,624$3,431$771
38 years$20,897$13,518$8,476$5,184$3,110$665
39 years$20,135$12,855$7,942$4,780$2,821$574
40 years$19,414$12,230$7,444$4,408$2,558$496
41 years$18,729$11,642$6,980$4,067$2,321$428
42 years$18,079$11,087$6,547$3,754$2,106$369
43 years$17,460$10,564$6,144$3,465$1,911$319
44 years$16,872$10,070$5,767$3,199$1,735$275
45 years$16,311$9,602$5,415$2,955$1,575$238
46 years$15,776$9,160$5,086$2,729$1,430$205
47 years$15,265$8,742$4,778$2,522$1,299$177
48 years$14,777$8,345$4,490$2,330$1,179$153
49 years$14,311$7,969$4,220$2,153$1,071$132
50 years$13,864$7,612$3,968$1,990$973$114

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 $4,661 every year, while hoping to spend $26,272 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: 53/35/12 Blend
66$14,200,000$14,200,000$14,200,000$14,200,000
67$15,653,208$14,900,608$14,680,508$16,433,486
68$17,221,882$15,602,784$15,144,352$17,667,480
69$18,949,680$16,338,487$15,622,854$19,006,141
70$20,852,805$17,109,331$16,116,477$20,461,983
71$22,949,113$17,917,009$16,625,700$22,046,116
72$25,258,277$18,763,298$17,151,016$23,770,744
73$27,801,979$19,650,057$17,692,933$25,649,276
74$30,604,111$20,579,240$18,251,976$27,696,448
75$33,690,999$21,552,891$18,828,686$29,928,455
76$37,091,656$22,573,158$19,423,622$32,363,100
77$40,838,051$23,642,289$20,037,360$35,019,952
78$44,965,415$24,762,644$20,670,494$37,920,528
79$49,512,569$25,936,696$21,323,638$41,088,485
80$54,522,295$27,167,037$21,997,423$44,549,841
81$60,041,735$28,456,388$22,692,502$48,333,210
82$66,122,840$29,807,599$23,409,549$52,470,064
83$72,822,858$31,223,660$24,149,258$56,995,025
84$80,204,876$32,707,706$24,912,345$61,946,177
85$88,338,414$34,263,023$25,699,549$67,365,424
86$97,300,081$35,893,060$26,511,632$73,298,870
87$107,174,299$37,601,430$27,349,381$79,797,247
88$118,054,099$39,391,922$28,213,608$86,916,384
89$130,042,003$41,268,511$29,105,149$94,717,720
90$143,250,983$43,235,365$30,024,868$103,268,878
91$157,805,538$45,296,852$30,973,655$112,644,286
92$173,842,860$47,457,555$31,952,430$122,925,869
93$191,514,135$49,722,279$32,962,140$134,203,811
94$210,985,969$52,096,062$34,003,763$146,577,391
95$232,441,957$54,584,189$35,078,309$160,155,904
96$256,084,422$57,192,199$36,186,817$175,059,684
97$282,136,320$59,925,904$37,330,363$191,421,215
98$310,843,347$62,791,396$38,510,052$209,386,375
99$342,476,258$65,795,064$39,727,029$229,115,787
100$377,333,423$68,943,609$40,982,471$250,786,325