Can I retire at age 67 with 14,300,000?

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 $14,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,118,193
2 years$584,594$573,707$563,155$552,924$543,001$520,817
3 years$385,858$374,924$364,399$354,264$344,502$322,934
4 years$286,510$275,609$265,189$255,227$245,702$224,916
5 years$226,916$216,081$205,797$196,039$186,779$166,834
6 years$187,200$176,446$166,315$156,774$147,792$128,710
7 years$158,843$148,179$138,208$128,893$120,194$101,980
8 years$137,584$127,017$117,212$108,125$99,713$82,362
9 years$121,058$110,591$100,954$92,098$83,972$67,473
10 years$107,846$97,481$88,014$79,390$71,549$55,886
11 years$97,042$86,781$77,486$69,093$61,534$46,689
12 years$88,046$77,890$68,767$60,604$53,324$39,276
13 years$80,440$70,390$61,439$53,504$46,500$33,225
14 years$73,925$63,982$55,203$47,495$40,761$28,235
15 years$68,285$58,449$49,841$42,357$35,890$24,086
16 years$63,354$53,626$45,188$37,926$31,719$20,612
17 years$59,008$49,388$41,120$34,076$28,125$17,686
18 years$55,150$45,636$37,537$30,710$25,007$15,210
19 years$51,701$42,295$34,363$27,749$22,289$13,105
20 years$48,601$39,303$31,537$25,132$19,909$11,310
21 years$45,800$36,609$29,008$22,809$17,817$9,774
22 years$43,257$34,173$26,735$20,738$15,970$8,457
23 years$40,939$31,961$24,685$18,887$14,336$7,325
24 years$38,817$29,946$22,830$17,226$12,885$6,350
25 years$36,868$28,103$21,145$15,732$11,595$5,509
26 years$35,071$26,412$19,611$14,384$10,444$4,782
27 years$33,411$24,857$18,210$13,166$9,416$4,154
28 years$31,872$23,422$16,929$12,063$8,496$3,610
29 years$30,441$22,096$15,754$11,062$7,672$3,138
30 years$29,109$20,868$14,674$10,152$6,932$2,730
31 years$27,864$19,727$13,680$9,324$6,267$2,375
32 years$26,700$18,666$12,764$8,569$5,669$2,066
33 years$25,609$17,677$11,918$7,880$5,131$1,799
34 years$24,584$16,753$11,135$7,250$4,645$1,566
35 years$23,620$15,890$10,411$6,674$4,207$1,364
36 years$22,712$15,082$9,739$6,147$3,812$1,188
37 years$21,854$14,325$9,115$5,663$3,455$1,034
38 years$21,044$13,614$8,536$5,220$3,132$901
39 years$20,277$12,945$7,997$4,813$2,840$785
40 years$19,550$12,316$7,496$4,440$2,576$684
41 years$18,861$11,724$7,029$4,096$2,337$596
42 years$18,206$11,165$6,593$3,780$2,121$519
43 years$17,583$10,638$6,187$3,490$1,925$453
44 years$16,990$10,141$5,808$3,222$1,747$395
45 years$16,426$9,670$5,453$2,976$1,586$344
46 years$15,887$9,225$5,122$2,749$1,440$300
47 years$15,373$8,803$4,812$2,539$1,308$261
48 years$14,881$8,404$4,522$2,346$1,188$228
49 years$14,411$8,025$4,250$2,169$1,079$198
50 years$13,962$7,666$3,996$2,004$980$173

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $14,300,000, adding $3,358 every year, while hoping to spend $20,054 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: 23/47/30 Blend
66$14,300,000$14,300,000$14,300,000$14,300,000
67$15,762,064$15,004,164$14,782,514$15,975,678
68$17,348,457$15,718,031$15,256,391$16,878,051
69$19,095,990$16,466,205$15,745,470$17,841,530
70$21,021,078$17,250,346$16,250,241$18,872,611
71$23,141,811$18,072,195$16,771,206$19,976,894
72$25,478,120$18,933,577$17,308,886$21,160,492
73$28,051,972$19,836,406$17,863,817$22,430,081
74$30,887,571$20,782,688$18,436,554$23,792,959
75$34,011,593$21,774,529$19,027,668$25,257,102
76$37,453,429$22,814,135$19,637,748$26,831,229
77$41,245,472$23,903,821$20,267,406$28,524,882
78$45,423,414$25,046,012$20,917,268$30,348,498
79$50,026,590$26,243,254$21,587,984$32,313,502
80$55,098,344$27,498,216$22,280,223$34,432,405
81$60,686,442$28,813,695$22,994,678$36,718,907
82$66,843,520$30,192,627$23,732,061$39,188,018
83$73,627,583$31,638,090$24,493,108$41,856,184
84$81,102,550$33,153,309$25,278,581$44,741,434
85$89,338,859$34,741,671$26,089,263$47,863,533
86$98,414,133$36,406,723$26,925,964$51,244,156
87$108,413,911$38,152,189$27,789,519$54,907,079
88$119,432,454$39,981,970$28,680,792$58,878,384
89$131,573,639$41,900,161$29,600,674$63,186,694
90$144,951,936$43,911,055$30,550,082$67,863,425
91$159,693,489$46,019,152$31,529,965$72,943,062
92$175,937,308$48,229,175$32,541,303$78,463,471
93$193,836,583$50,546,073$33,585,106$84,466,232
94$213,560,124$52,975,041$34,662,416$90,997,018
95$235,293,961$55,521,522$35,774,312$98,105,996
96$259,243,097$58,191,228$36,921,903$105,848,287
97$285,633,443$60,990,148$38,106,336$114,284,460
98$314,713,951$63,924,563$39,328,796$123,481,077
99$346,758,968$67,001,060$40,590,504$133,511,302
100$382,070,818$70,226,547$41,892,721$144,455,557