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%15.5%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,145,723
2 years$600,947$589,755$578,908$568,391$558,190$531,658
3 years$396,652$385,411$374,592$364,174$354,139$328,379
4 years$294,524$283,318$272,607$262,367$252,575$227,786
5 years$233,263$222,125$211,554$201,523$192,003$168,255
6 years$192,436$181,382$170,967$161,159$151,926$129,242
7 years$163,286$152,324$142,074$132,498$123,556$101,942
8 years$141,433$130,570$120,490$111,149$102,502$81,948
9 years$124,445$113,684$103,778$94,674$86,321$66,814
10 years$110,862$100,207$90,476$81,610$73,550$55,067
11 years$99,757$89,209$79,654$71,025$63,256$45,772
12 years$90,509$80,069$70,691$62,299$54,816$38,305
13 years$82,690$72,359$63,158$55,001$47,801$32,231
14 years$75,993$65,772$56,747$48,823$41,902$27,242
15 years$70,195$60,084$51,235$43,542$36,894$23,111
16 years$65,127$55,126$46,452$38,987$32,607$19,666
17 years$60,659$50,769$42,270$35,029$28,911$16,777
18 years$56,692$46,913$38,587$31,569$25,707$14,344
19 years$53,147$43,478$35,324$28,525$22,913$12,286
20 years$49,961$40,402$32,419$25,835$20,466$10,539
21 years$47,081$37,633$29,819$23,447$18,315$9,053
22 years$44,467$35,129$27,483$21,318$16,417$7,785
23 years$42,084$32,856$25,376$19,415$14,737$6,701
24 years$39,903$30,784$23,468$17,708$13,246$5,772
25 years$37,899$28,889$21,736$16,172$11,919$4,976
26 years$36,052$27,151$20,159$14,787$10,736$4,292
27 years$34,345$25,552$18,720$13,535$9,680$3,704
28 years$32,763$24,078$17,402$12,401$8,734$3,198
29 years$31,293$22,714$16,194$11,372$7,887$2,762
30 years$29,923$21,451$15,084$10,436$7,126$2,386
31 years$28,644$20,279$14,063$9,585$6,443$2,062
32 years$27,447$19,188$13,121$8,809$5,828$1,783
33 years$26,326$18,171$12,251$8,100$5,274$1,542
34 years$25,272$17,222$11,447$7,453$4,775$1,333
35 years$24,281$16,335$10,702$6,861$4,325$1,153
36 years$23,347$15,504$10,011$6,319$3,919$997
37 years$22,466$14,725$9,370$5,822$3,552$863
38 years$21,633$13,994$8,775$5,366$3,220$747
39 years$20,844$13,307$8,221$4,948$2,920$646
40 years$20,097$12,661$7,706$4,564$2,648$559
41 years$19,388$12,052$7,225$4,211$2,403$484
42 years$18,715$11,478$6,778$3,886$2,180$419
43 years$18,075$10,936$6,360$3,587$1,979$362
44 years$17,466$10,424$5,970$3,312$1,796$314
45 years$16,885$9,941$5,606$3,059$1,631$272
46 years$16,331$9,483$5,265$2,825$1,480$235
47 years$15,803$9,050$4,946$2,610$1,344$203
48 years$15,298$8,639$4,648$2,412$1,221$176
49 years$14,815$8,250$4,369$2,229$1,109$152
50 years$14,352$7,881$4,107$2,060$1,007$132

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 $5,635 every year, while hoping to spend $31,165 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: 62/8/30 Blend
66$14,700,000$14,700,000$14,700,000$14,700,000
67$16,205,213$15,426,113$15,198,263$17,078,381
68$17,824,985$16,148,833$15,674,245$18,396,313
69$19,608,929$16,905,922$16,165,128$19,830,989
70$21,573,759$17,699,031$16,671,379$21,397,043
71$23,737,890$18,529,890$17,193,477$23,107,352
72$26,121,616$19,400,316$17,731,920$24,976,087
73$28,747,299$20,312,210$18,287,218$27,018,847
74$31,639,582$21,267,567$18,859,898$29,252,798
75$34,825,620$22,268,479$19,450,506$31,696,838
76$38,335,336$23,317,137$20,059,601$34,371,770
77$42,201,705$24,415,841$20,687,761$37,300,495
78$46,461,062$25,567,001$21,335,585$40,508,228
79$51,153,450$26,773,143$22,003,686$44,022,729
80$56,322,991$28,036,917$22,692,699$47,874,565
81$62,018,311$29,361,100$23,403,279$52,097,393
82$68,292,990$30,748,605$24,136,100$56,728,276
83$75,206,074$32,202,485$24,891,858$61,808,028
84$82,822,629$33,725,943$25,671,271$67,381,597
85$91,214,357$35,322,334$26,475,079$73,498,483
86$100,460,271$36,995,178$27,304,044$80,213,204
87$110,647,444$38,748,167$28,158,954$87,585,805
88$121,871,825$40,585,169$29,040,621$95,682,418
89$134,239,151$42,510,242$29,949,882$104,575,888
90$147,865,940$44,527,640$30,887,599$114,346,450
91$162,880,596$46,641,824$31,854,663$125,082,483
92$179,424,615$48,857,472$32,851,992$136,881,343
93$197,653,925$51,179,487$33,880,534$149,850,269
94$217,740,357$53,613,013$34,941,263$164,107,398
95$239,873,265$56,163,443$36,035,187$179,782,870
96$264,261,317$58,836,430$37,163,344$197,020,052
97$291,134,461$61,637,905$38,326,806$215,976,882
98$320,746,098$64,574,084$39,526,676$236,827,358
99$353,375,473$67,651,488$40,764,093$259,763,174
100$389,330,313$70,876,952$42,040,232$284,995,518