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%18.3%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,102,037
2 years$584,594$573,707$563,155$552,924$543,001$504,827
3 years$385,858$374,924$364,399$354,264$344,502$307,618
4 years$286,510$275,609$265,189$255,227$245,702$210,389
5 years$226,916$216,081$205,797$196,039$186,779$153,132
6 years$187,200$176,446$166,315$156,774$147,792$115,838
7 years$158,843$148,179$138,208$128,893$120,194$89,928
8 years$137,584$127,017$117,212$108,125$99,713$71,112
9 years$121,058$110,591$100,954$92,098$83,972$57,002
10 years$107,846$97,481$88,014$79,390$71,549$46,166
11 years$97,042$86,781$77,486$69,093$61,534$37,690
12 years$88,046$77,890$68,767$60,604$53,324$30,964
13 years$80,440$70,390$61,439$53,504$46,500$25,567
14 years$73,925$63,982$55,203$47,495$40,761$21,196
15 years$68,285$58,449$49,841$42,357$35,890$17,631
16 years$63,354$53,626$45,188$37,926$31,719$14,705
17 years$59,008$49,388$41,120$34,076$28,125$12,291
18 years$55,150$45,636$37,537$30,710$25,007$10,293
19 years$51,701$42,295$34,363$27,749$22,289$8,633
20 years$48,601$39,303$31,537$25,132$19,909$7,249
21 years$45,800$36,609$29,008$22,809$17,817$6,094
22 years$43,257$34,173$26,735$20,738$15,970$5,127
23 years$40,939$31,961$24,685$18,887$14,336$4,317
24 years$38,817$29,946$22,830$17,226$12,885$3,637
25 years$36,868$28,103$21,145$15,732$11,595$3,066
26 years$35,071$26,412$19,611$14,384$10,444$2,586
27 years$33,411$24,857$18,210$13,166$9,416$2,181
28 years$31,872$23,422$16,929$12,063$8,496$1,841
29 years$30,441$22,096$15,754$11,062$7,672$1,554
30 years$29,109$20,868$14,674$10,152$6,932$1,312
31 years$27,864$19,727$13,680$9,324$6,267$1,108
32 years$26,700$18,666$12,764$8,569$5,669$936
33 years$25,609$17,677$11,918$7,880$5,131$790
34 years$24,584$16,753$11,135$7,250$4,645$668
35 years$23,620$15,890$10,411$6,674$4,207$564
36 years$22,712$15,082$9,739$6,147$3,812$477
37 years$21,854$14,325$9,115$5,663$3,455$403
38 years$21,044$13,614$8,536$5,220$3,132$340
39 years$20,277$12,945$7,997$4,813$2,840$288
40 years$19,550$12,316$7,496$4,440$2,576$243
41 years$18,861$11,724$7,029$4,096$2,337$205
42 years$18,206$11,165$6,593$3,780$2,121$174
43 years$17,583$10,638$6,187$3,490$1,925$147
44 years$16,990$10,141$5,808$3,222$1,747$124
45 years$16,426$9,670$5,453$2,976$1,586$105
46 years$15,887$9,225$5,122$2,749$1,440$89
47 years$15,373$8,803$4,812$2,539$1,308$75
48 years$14,881$8,404$4,522$2,346$1,188$63
49 years$14,411$8,025$4,250$2,169$1,079$54
50 years$13,962$7,666$3,996$2,004$980$45

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 $5,913 every year, while hoping to spend $54,830 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: 59/36/5 Blend
66$14,300,000$14,300,000$14,300,000$14,300,000
67$15,764,699$15,006,799$14,785,149$16,680,598
68$17,314,360$15,683,794$15,222,113$17,971,519
69$19,020,248$16,392,123$15,671,877$19,371,534
70$20,898,242$17,133,265$16,134,813$20,896,526
71$22,965,835$17,908,768$16,611,303$22,558,473
72$25,242,306$18,720,254$17,101,737$24,370,542
73$27,748,897$19,569,422$17,606,521$26,347,207
74$30,509,014$20,458,053$18,126,069$28,504,381
75$33,548,450$21,388,014$18,660,808$30,859,560
76$36,895,625$22,361,259$19,211,178$33,431,984
77$40,581,856$23,379,839$19,777,631$36,242,813
78$44,641,654$24,445,899$20,360,630$39,315,319
79$49,113,045$25,561,691$20,960,653$42,675,101
80$54,037,933$26,729,571$21,578,193$46,350,320
81$59,462,494$27,952,012$22,213,754$50,371,958
82$65,437,609$29,231,602$22,867,856$54,774,103
83$72,019,350$30,571,055$23,541,033$59,594,262
84$79,269,502$31,973,215$24,233,836$64,873,710
85$87,256,151$33,441,062$24,946,829$70,657,871
86$96,054,324$34,977,720$25,680,594$76,996,736
87$105,746,700$36,586,463$26,435,729$83,945,328
88$116,424,386$38,270,722$27,212,848$91,564,210
89$128,187,778$40,034,092$28,012,584$99,920,050
90$141,147,512$41,880,343$28,835,585$109,086,236
91$155,425,503$43,813,425$29,682,522$119,143,564
92$171,156,098$45,837,477$30,554,081$130,180,981
93$188,487,346$47,956,839$31,450,969$142,296,422
94$207,582,391$50,176,060$32,373,912$155,597,716
95$228,621,015$52,499,907$33,323,658$170,203,591
96$251,801,333$54,933,377$34,300,975$186,244,786
97$277,341,664$57,481,707$35,306,652$203,865,266
98$305,482,591$60,150,388$36,341,503$223,223,570
99$336,489,234$62,945,175$37,406,361$244,494,289
100$370,653,748$65,872,101$38,502,086$267,869,701