Can I retire at age 67 with 14,600,000?

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 $14,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,138,392
2 years$596,859$585,743$574,970$564,524$554,393$528,502
3 years$393,953$382,789$372,043$361,696$351,729$326,588
4 years$292,520$281,391$270,752$260,582$250,856$226,658
5 years$231,677$220,614$210,115$200,152$190,697$167,510
6 years$191,127$180,148$169,804$160,063$150,892$128,740
7 years$162,175$151,288$141,108$131,597$122,716$101,603
8 years$140,471$129,682$119,671$110,393$101,804$81,724
9 years$123,598$112,911$103,072$94,030$85,734$66,670
10 years$110,108$99,526$89,861$81,055$73,050$54,983
11 years$99,078$88,602$79,112$70,542$62,825$45,731
12 years$89,893$79,524$70,210$61,875$54,443$38,295
13 years$82,127$71,867$62,728$54,626$47,475$32,245
14 years$75,476$65,325$56,361$48,491$41,617$27,273
15 years$69,718$59,675$50,887$43,246$36,643$23,152
16 years$64,684$54,751$46,136$38,722$32,385$19,715
17 years$60,246$50,424$41,982$34,791$28,715$16,832
18 years$56,307$46,594$38,324$31,354$25,532$14,401
19 years$52,786$43,183$35,084$28,331$22,757$12,344
20 years$49,621$40,127$32,198$25,659$20,327$10,597
21 years$46,761$37,377$29,616$23,287$18,190$9,109
22 years$44,165$34,890$27,296$21,173$16,305$7,839
23 years$41,798$32,632$25,203$19,283$14,636$6,753
24 years$39,631$30,574$23,309$17,587$13,155$5,822
25 years$37,641$28,692$21,588$16,062$11,838$5,023
26 years$35,807$26,966$20,022$14,686$10,663$4,336
27 years$34,112$25,378$18,592$13,442$9,614$3,745
28 years$32,540$23,914$17,284$12,316$8,675$3,236
29 years$31,080$22,560$16,084$11,294$7,833$2,797
30 years$29,719$21,305$14,982$10,365$7,078$2,419
31 years$28,449$20,141$13,967$9,520$6,399$2,092
32 years$27,261$19,057$13,032$8,749$5,788$1,810
33 years$26,146$18,047$12,168$8,045$5,238$1,566
34 years$25,100$17,105$11,369$7,402$4,743$1,356
35 years$24,116$16,224$10,629$6,814$4,296$1,174
36 years$23,188$15,399$9,943$6,276$3,892$1,016
37 years$22,313$14,625$9,307$5,782$3,528$880
38 years$21,485$13,899$8,715$5,330$3,198$762
39 years$20,702$13,217$8,165$4,914$2,900$660
40 years$19,961$12,575$7,653$4,533$2,630$571
41 years$19,257$11,970$7,176$4,182$2,386$495
42 years$18,588$11,400$6,732$3,859$2,165$429
43 years$17,952$10,862$6,317$3,563$1,965$371
44 years$17,347$10,353$5,929$3,290$1,784$322
45 years$16,770$9,873$5,567$3,038$1,619$279
46 years$16,220$9,418$5,229$2,806$1,470$242
47 years$15,695$8,988$4,913$2,593$1,335$209
48 years$15,193$8,580$4,617$2,396$1,213$181
49 years$14,714$8,194$4,339$2,214$1,101$157
50 years$14,255$7,827$4,080$2,046$1,000$136

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $14,600,000, adding $5,870 every year, while hoping to spend $42,878 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: 34/45/21 Blend
66$14,600,000$14,600,000$14,600,000$14,600,000
67$16,095,255$15,321,455$15,095,155$16,538,854
68$17,691,349$16,026,584$15,555,221$17,572,880
69$19,448,808$16,764,828$16,029,262$18,682,828
70$21,384,045$17,537,763$16,517,701$19,878,889
71$23,515,147$18,347,043$17,020,973$21,168,717
72$25,862,044$19,194,401$17,539,528$22,560,693
73$28,446,698$20,081,652$18,073,828$24,064,003
74$31,293,309$21,010,700$18,624,349$25,688,718
75$34,428,543$21,983,541$19,191,581$27,445,876
76$37,881,785$23,002,265$19,776,029$29,347,586
77$41,685,416$24,069,066$20,378,216$31,407,126
78$45,875,118$25,186,239$20,998,675$33,639,068
79$50,490,210$26,356,194$21,637,960$36,059,400
80$55,574,019$27,581,456$22,296,640$38,685,672
81$61,174,293$28,864,671$22,975,301$41,537,150
82$67,343,643$30,208,612$23,674,546$44,634,987
83$74,140,049$31,616,188$24,394,997$48,002,416
84$81,627,399$33,090,447$25,137,295$51,664,951
85$89,876,099$34,634,584$25,902,100$55,650,623
86$98,963,732$36,251,949$26,690,091$59,990,232
87$108,975,792$37,946,054$27,501,968$64,717,618
88$120,006,491$39,720,579$28,338,452$69,869,976
89$132,159,649$41,579,383$29,200,287$75,488,189
90$145,549,673$43,526,513$30,088,236$81,617,198
91$160,302,636$45,566,209$31,003,089$88,306,413
92$176,557,469$47,702,917$31,945,656$95,610,164
93$194,467,270$49,941,299$32,916,774$103,588,195
94$214,200,750$52,286,241$33,917,304$112,306,214
95$235,943,826$54,742,866$34,948,134$121,836,492
96$259,901,375$57,316,546$36,010,176$132,258,524
97$286,299,170$60,012,911$37,104,371$143,659,766
98$315,386,008$62,837,866$38,231,690$156,136,435
99$347,436,059$65,797,600$39,393,130$169,794,396
100$382,751,457$68,898,602$40,589,720$184,750,139