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

Use the below retirement simulation to view the chances of a successful retirement.
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%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,121,411
2 years$584,594$573,707$563,155$552,924$543,001$524,024
3 years$385,858$374,924$364,399$354,264$344,502$326,030
4 years$286,510$275,609$265,189$255,227$245,702$227,876
5 years$226,916$216,081$205,797$196,039$186,779$169,651
6 years$187,200$176,446$166,315$156,774$147,792$131,382
7 years$158,843$148,179$138,208$128,893$120,194$104,507
8 years$137,584$127,017$117,212$108,125$99,713$84,745
9 years$121,058$110,591$100,954$92,098$83,972$69,716
10 years$107,846$97,481$88,014$79,390$71,549$57,992
11 years$97,042$86,781$77,486$69,093$61,534$48,663
12 years$88,046$77,890$68,767$60,604$53,324$41,121
13 years$80,440$70,390$61,439$53,504$46,500$34,947
14 years$73,925$63,982$55,203$47,495$40,761$29,840
15 years$68,285$58,449$49,841$42,357$35,890$25,578
16 years$63,354$53,626$45,188$37,926$31,719$21,997
17 years$59,008$49,388$41,120$34,076$28,125$18,969
18 years$55,150$45,636$37,537$30,710$25,007$16,396
19 years$51,701$42,295$34,363$27,749$22,289$14,201
20 years$48,601$39,303$31,537$25,132$19,909$12,320
21 years$45,800$36,609$29,008$22,809$17,817$10,704
22 years$43,257$34,173$26,735$20,738$15,970$9,311
23 years$40,939$31,961$24,685$18,887$14,336$8,109
24 years$38,817$29,946$22,830$17,226$12,885$7,068
25 years$36,868$28,103$21,145$15,732$11,595$6,166
26 years$35,071$26,412$19,611$14,384$10,444$5,383
27 years$33,411$24,857$18,210$13,166$9,416$4,702
28 years$31,872$23,422$16,929$12,063$8,496$4,109
29 years$30,441$22,096$15,754$11,062$7,672$3,593
30 years$29,109$20,868$14,674$10,152$6,932$3,143
31 years$27,864$19,727$13,680$9,324$6,267$2,750
32 years$26,700$18,666$12,764$8,569$5,669$2,407
33 years$25,609$17,677$11,918$7,880$5,131$2,108
34 years$24,584$16,753$11,135$7,250$4,645$1,846
35 years$23,620$15,890$10,411$6,674$4,207$1,617
36 years$22,712$15,082$9,739$6,147$3,812$1,417
37 years$21,854$14,325$9,115$5,663$3,455$1,241
38 years$21,044$13,614$8,536$5,220$3,132$1,088
39 years$20,277$12,945$7,997$4,813$2,840$953
40 years$19,550$12,316$7,496$4,440$2,576$836
41 years$18,861$11,724$7,029$4,096$2,337$733
42 years$18,206$11,165$6,593$3,780$2,121$642
43 years$17,583$10,638$6,187$3,490$1,925$563
44 years$16,990$10,141$5,808$3,222$1,747$494
45 years$16,426$9,670$5,453$2,976$1,586$433
46 years$15,887$9,225$5,122$2,749$1,440$380
47 years$15,373$8,803$4,812$2,539$1,308$333
48 years$14,881$8,404$4,522$2,346$1,188$292
49 years$14,411$8,025$4,250$2,169$1,079$256
50 years$13,962$7,666$3,996$2,004$980$225

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 $6,333 every year, while hoping to spend $52,805 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: 71/17/12 Blend
66$14,300,000$14,300,000$14,300,000$14,300,000
67$15,765,132$15,007,232$14,785,582$16,844,349
68$17,316,992$15,686,403$15,224,715$18,239,449
69$19,025,371$16,397,083$15,676,789$19,759,071
70$20,906,180$17,140,760$16,142,182$21,421,146
71$22,976,947$17,918,995$16,621,283$23,239,716
72$25,256,991$18,733,421$17,114,491$25,230,237
73$27,767,596$19,585,750$17,622,218$27,409,718
74$30,532,215$20,477,777$18,144,887$29,796,884
75$33,576,695$21,411,381$18,682,934$32,412,344
76$36,929,512$22,388,533$19,236,807$35,278,788
77$40,622,048$23,411,297$19,806,966$38,421,195
78$44,688,883$24,481,837$20,393,886$41,867,066
79$49,168,122$25,602,420$20,998,054$45,646,680
80$54,101,754$26,775,422$21,619,972$49,793,375
81$59,536,049$28,003,334$22,260,157$54,343,863
82$65,521,994$29,288,764$22,919,140$59,338,568
83$72,115,772$30,634,449$23,597,466$64,822,006
84$79,379,298$32,043,254$24,295,699$70,843,199
85$87,380,797$33,518,184$25,014,415$77,456,138
86$96,195,450$35,062,387$25,754,209$84,720,280
87$105,906,104$36,679,162$26,515,694$92,701,111
88$116,604,056$38,371,970$27,299,498$101,470,758
89$128,389,907$40,144,434$28,106,269$111,108,662
90$141,374,520$42,000,354$28,936,672$121,702,324
91$155,680,063$43,943,713$29,791,392$133,348,125
92$171,441,159$45,978,685$30,671,134$146,152,231
93$188,806,162$48,109,645$31,576,621$160,231,584
94$207,938,552$50,341,179$32,508,599$175,715,008
95$229,018,482$52,678,094$33,467,835$192,744,409
96$252,244,476$55,125,430$34,455,116$211,476,114
97$277,835,304$57,688,467$35,471,254$232,082,335
98$306,032,045$60,372,743$36,517,082$254,752,789
99$337,100,367$63,184,060$37,593,457$279,696,480
100$371,333,029$66,128,504$38,701,263$307,143,665