Can I retire at age 67 with 14,400,000?

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 $14,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,125,552
2 years$588,682$577,719$567,093$556,791$546,798$524,000
3 years$388,557$377,546$366,947$356,741$346,911$324,750
4 years$288,513$277,536$267,043$257,012$247,420$226,066
5 years$228,503$217,592$207,237$197,410$188,085$167,599
6 years$188,509$177,680$167,478$157,870$148,825$129,230
7 years$159,953$149,215$139,175$129,794$121,035$102,335
8 years$138,546$127,905$118,031$108,881$100,410$82,600
9 years$121,905$111,364$101,660$92,742$84,560$67,628
10 years$108,600$98,162$88,630$79,945$72,049$55,980
11 years$97,721$87,388$78,028$69,576$61,965$46,738
12 years$88,662$78,435$69,248$61,027$53,697$39,291
13 years$81,002$70,882$61,869$53,878$46,825$33,216
14 years$74,442$64,430$55,589$47,827$41,047$28,209
15 years$68,762$58,858$50,190$42,653$36,141$24,047
16 years$63,797$54,001$45,504$38,191$31,941$20,564
17 years$59,421$49,733$41,407$34,315$28,321$17,632
18 years$55,535$45,955$37,799$30,924$25,182$15,152
19 years$52,063$42,591$34,603$27,943$22,445$13,046
20 years$48,941$39,578$31,757$25,308$20,048$11,251
21 years$46,120$36,865$29,211$22,968$17,941$9,716
22 years$43,560$34,412$26,922$20,883$16,082$8,400
23 years$41,225$32,185$24,858$19,019$14,436$7,270
24 years$39,088$30,155$22,989$17,346$12,975$6,297
25 years$37,125$28,299$21,293$15,842$11,676$5,459
26 years$35,316$26,597$19,748$14,485$10,517$4,735
27 years$33,644$25,031$18,338$13,258$9,482$4,109
28 years$32,094$23,586$17,047$12,147$8,556$3,568
29 years$30,654$22,251$15,864$11,139$7,726$3,100
30 years$29,312$21,014$14,777$10,223$6,981$2,694
31 years$28,059$19,865$13,776$9,389$6,311$2,341
32 years$26,887$18,796$12,853$8,629$5,709$2,036
33 years$25,788$17,800$12,001$7,935$5,167$1,771
34 years$24,756$16,871$11,213$7,301$4,678$1,540
35 years$23,785$16,002$10,483$6,721$4,237$1,340
36 years$22,871$15,188$9,807$6,190$3,839$1,166
37 years$22,007$14,425$9,179$5,703$3,479$1,015
38 years$21,191$13,709$8,596$5,257$3,154$883
39 years$20,419$13,036$8,053$4,847$2,860$769
40 years$19,687$12,402$7,548$4,471$2,594$669
41 years$18,993$11,806$7,078$4,125$2,354$583
42 years$18,333$11,244$6,639$3,807$2,136$507
43 years$17,706$10,713$6,230$3,514$1,938$442
44 years$17,109$10,212$5,848$3,245$1,759$385
45 years$16,540$9,738$5,491$2,996$1,597$335
46 years$15,998$9,289$5,157$2,768$1,450$292
47 years$15,480$8,865$4,845$2,557$1,317$254
48 years$14,985$8,463$4,553$2,363$1,196$221
49 years$14,512$8,081$4,280$2,184$1,086$193
50 years$14,059$7,720$4,024$2,018$987$168

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $14,400,000, adding $4,799 every year, while hoping to spend $21,014 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: 35/36/29 Blend
66$14,400,000$14,400,000$14,400,000$14,400,000
67$15,873,750$15,110,550$14,887,350$16,290,504
68$17,470,514$15,828,608$15,363,718$17,322,039
69$19,229,443$16,581,147$15,855,339$18,432,038
70$21,167,057$17,369,834$16,362,704$19,629,326
71$23,301,558$18,196,417$16,886,315$20,921,735
72$25,653,005$19,062,729$17,426,695$22,317,851
73$28,243,502$19,970,694$17,984,380$23,827,086
74$31,097,408$20,922,326$18,559,925$25,459,764
75$34,241,564$21,919,740$19,153,903$27,227,205
76$37,705,548$22,965,153$19,766,903$29,141,834
77$41,521,956$24,060,887$20,399,537$31,217,283
78$45,726,707$25,209,382$21,052,433$33,468,514
79$50,359,382$26,413,193$21,726,240$35,911,955
80$55,463,599$27,674,999$22,421,629$38,565,641
81$61,087,425$28,997,613$23,139,292$41,449,381
82$67,283,826$30,383,980$23,879,943$44,584,931
83$74,111,174$31,837,192$24,644,318$47,996,194
84$81,633,789$33,360,490$25,433,178$51,709,429
85$89,922,554$34,957,273$26,247,308$55,753,494
86$99,055,580$36,631,105$27,087,519$60,160,107
87$109,118,944$38,385,724$27,954,645$64,964,129
88$120,207,502$40,225,049$28,849,551$70,203,886
89$132,425,782$42,153,192$29,773,126$75,921,512
90$145,888,976$44,174,463$30,726,291$82,163,342
91$160,724,023$46,293,383$31,709,993$88,980,326
92$177,070,807$48,514,692$32,725,211$96,428,503
93$195,083,481$50,843,363$33,772,957$104,569,509
94$214,931,918$53,284,610$34,854,273$113,471,147
95$236,803,318$55,843,901$35,970,236$123,208,007
96$260,903,974$58,526,969$37,121,956$133,862,154
97$287,461,218$61,339,830$38,310,580$145,523,886
98$316,725,570$64,288,789$39,537,292$158,292,565
99$348,973,100$67,380,461$40,803,314$172,277,535
100$384,508,036$70,621,784$42,109,904$187,599,134