Can I retire at age 67 with 14,700,000?

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 $14,700,000?

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$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,149,472
2 years$600,947$589,755$578,908$568,391$558,190$535,385
3 years$396,652$385,411$374,592$364,174$354,139$331,967
4 years$294,524$283,318$272,607$262,367$252,575$231,207
5 years$233,263$222,125$211,554$201,523$192,003$171,500
6 years$192,436$181,382$170,967$161,159$151,926$132,310
7 years$163,286$152,324$142,074$132,498$123,556$104,833
8 years$141,433$130,570$120,490$111,149$102,502$84,666
9 years$124,445$113,684$103,778$94,674$86,321$69,361
10 years$110,862$100,207$90,476$81,610$73,550$57,449
11 years$99,757$89,209$79,654$71,025$63,256$47,995
12 years$90,509$80,069$70,691$62,299$54,816$40,374
13 years$82,690$72,359$63,158$55,001$47,801$34,154
14 years$75,993$65,772$56,747$48,823$41,902$29,025
15 years$70,195$60,084$51,235$43,542$36,894$24,760
16 years$65,127$55,126$46,452$38,987$32,607$21,189
17 years$60,659$50,769$42,270$35,029$28,911$18,181
18 years$56,692$46,913$38,587$31,569$25,707$15,635
19 years$53,147$43,478$35,324$28,525$22,913$13,472
20 years$49,961$40,402$32,419$25,835$20,466$11,626
21 years$47,081$37,633$29,819$23,447$18,315$10,048
22 years$44,467$35,129$27,483$21,318$16,417$8,694
23 years$42,084$32,856$25,376$19,415$14,737$7,530
24 years$39,903$30,784$23,468$17,708$13,246$6,528
25 years$37,899$28,889$21,736$16,172$11,919$5,663
26 years$36,052$27,151$20,159$14,787$10,736$4,916
27 years$34,345$25,552$18,720$13,535$9,680$4,270
28 years$32,763$24,078$17,402$12,401$8,734$3,711
29 years$31,293$22,714$16,194$11,372$7,887$3,226
30 years$29,923$21,451$15,084$10,436$7,126$2,806
31 years$28,644$20,279$14,063$9,585$6,443$2,441
32 years$27,447$19,188$13,121$8,809$5,828$2,124
33 years$26,326$18,171$12,251$8,100$5,274$1,849
34 years$25,272$17,222$11,447$7,453$4,775$1,610
35 years$24,281$16,335$10,702$6,861$4,325$1,402
36 years$23,347$15,504$10,011$6,319$3,919$1,221
37 years$22,466$14,725$9,370$5,822$3,552$1,063
38 years$21,633$13,994$8,775$5,366$3,220$926
39 years$20,844$13,307$8,221$4,948$2,920$807
40 years$20,097$12,661$7,706$4,564$2,648$703
41 years$19,388$12,052$7,225$4,211$2,403$613
42 years$18,715$11,478$6,778$3,886$2,180$534
43 years$18,075$10,936$6,360$3,587$1,979$465
44 years$17,466$10,424$5,970$3,312$1,796$406
45 years$16,885$9,941$5,606$3,059$1,631$353
46 years$16,331$9,483$5,265$2,825$1,480$308
47 years$15,803$9,050$4,946$2,610$1,344$269
48 years$15,298$8,639$4,648$2,412$1,221$234
49 years$14,815$8,250$4,369$2,229$1,109$204
50 years$14,352$7,881$4,107$2,060$1,007$178

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $14,700,000, adding $5,354 every year, while hoping to spend $24,305 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: 51/32/17 Blend
66$14,700,000$14,700,000$14,700,000$14,700,000
67$16,204,923$15,425,823$15,197,973$16,955,433
68$17,831,964$16,155,828$15,681,244$18,202,123
69$19,624,150$16,920,788$16,179,891$19,553,819
70$21,598,298$17,722,392$16,694,402$21,022,870
71$23,772,942$18,562,407$17,225,283$22,620,377
72$26,168,507$19,442,689$17,773,054$24,358,531
73$28,807,496$20,365,183$18,338,253$26,250,729
74$31,714,711$21,331,927$18,921,435$28,311,691
75$34,917,481$22,345,061$19,523,173$30,557,595
76$38,445,922$23,406,826$20,144,056$33,006,223
77$42,333,219$24,519,574$20,784,695$35,677,123
78$46,615,944$25,685,770$21,445,719$38,591,786
79$51,334,396$26,907,998$22,127,776$41,773,843
80$56,532,984$28,188,970$22,831,537$45,249,282
81$62,260,646$29,531,527$23,557,691$49,046,680
82$68,571,311$30,938,651$24,306,953$53,197,474
83$75,524,406$32,413,466$25,080,057$57,736,242
84$83,185,419$33,959,250$25,877,763$62,701,022
85$91,626,518$35,579,439$26,700,854$68,133,664
86$100,927,229$37,277,638$27,550,139$74,080,218
87$111,175,189$39,057,625$28,426,451$80,591,350
88$122,466,973$40,923,362$29,330,651$87,722,820
89$134,909,003$42,879,006$30,263,627$95,535,991
90$148,618,558$44,928,914$31,226,295$104,098,399
91$163,724,876$47,077,656$32,219,601$113,484,379
92$180,370,377$49,330,024$33,244,521$123,775,753
93$198,712,003$51,691,044$34,302,060$135,062,591
94$218,922,707$54,165,984$35,393,259$147,444,047
95$241,193,077$56,760,372$36,519,188$161,029,279
96$265,733,144$59,480,003$37,680,953$175,938,467
97$292,774,356$62,330,955$38,879,697$192,303,932
98$322,571,770$65,319,601$40,116,596$210,271,367
99$355,406,454$68,452,625$41,392,865$230,001,196
100$391,588,145$71,737,036$42,709,759$251,670,069