Can I retire at age 67 with 14,800,000?

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,150,242
2 years$605,035$593,767$582,846$572,257$561,987$532,027
3 years$399,350$388,033$377,140$366,651$356,548$327,495
4 years$296,528$285,245$274,461$264,151$254,293$226,371
5 years$234,850$223,636$212,993$202,894$193,309$166,596
6 years$193,746$182,615$172,130$162,256$152,959$127,480
7 years$164,396$153,360$143,041$133,399$124,397$100,155
8 years$142,395$131,458$121,310$111,905$103,199$80,184
9 years$125,291$114,458$104,484$95,319$86,909$65,099
10 years$111,617$100,889$91,092$82,165$74,050$53,422
11 years$100,435$89,816$80,196$71,509$63,686$44,207
12 years$91,125$80,614$71,172$62,723$55,189$36,826
13 years$83,252$72,851$63,587$55,375$48,126$30,842
14 years$76,510$66,220$57,133$49,155$42,187$25,944
15 years$70,673$60,493$51,584$43,838$37,144$21,901
16 years$65,570$55,501$46,768$39,252$32,828$18,544
17 years$61,072$51,114$42,557$35,268$29,108$15,741
18 years$57,078$47,232$38,849$31,783$25,881$13,388
19 years$53,509$43,774$35,565$28,719$23,069$11,408
20 years$50,301$40,677$32,639$26,011$20,605$9,734
21 years$47,402$37,889$30,022$23,606$18,439$8,316
22 years$44,770$35,368$27,670$21,463$16,528$7,113
23 years$42,370$33,079$25,548$19,547$14,837$6,089
24 years$40,174$30,993$23,628$17,828$13,336$5,216
25 years$38,157$29,085$21,884$16,282$12,000$4,471
26 years$36,298$27,336$20,296$14,887$10,809$3,835
27 years$34,579$25,726$18,847$13,627$9,745$3,291
28 years$32,986$24,241$17,521$12,485$8,793$2,825
29 years$31,506$22,869$16,305$11,449$7,940$2,426
30 years$30,126$21,597$15,187$10,507$7,175$2,084
31 years$28,839$20,417$14,158$9,650$6,486$1,791
32 years$27,634$19,318$13,210$8,869$5,867$1,539
33 years$26,505$18,295$12,334$8,155$5,310$1,323
34 years$25,444$17,339$11,524$7,504$4,808$1,137
35 years$24,446$16,446$10,775$6,908$4,354$978
36 years$23,506$15,610$10,079$6,362$3,945$841
37 years$22,618$14,826$9,434$5,861$3,576$723
38 years$21,780$14,090$8,835$5,403$3,242$622
39 years$20,986$13,398$8,277$4,982$2,940$535
40 years$20,234$12,747$7,758$4,595$2,666$460
41 years$19,520$12,134$7,275$4,239$2,419$396
42 years$18,843$11,556$6,824$3,912$2,195$341
43 years$18,198$11,010$6,403$3,612$1,992$293
44 years$17,585$10,495$6,011$3,335$1,808$252
45 years$17,000$10,008$5,644$3,080$1,642$217
46 years$16,442$9,547$5,301$2,845$1,491$187
47 years$15,910$9,111$4,980$2,628$1,353$161
48 years$15,402$8,698$4,680$2,429$1,229$138
49 years$14,915$8,306$4,399$2,244$1,116$119
50 years$14,450$7,934$4,135$2,075$1,014$102

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $14,800,000, adding $6,155 every year, while hoping to spend $40,724 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: 53/18/29 Blend
66$14,800,000$14,800,000$14,800,000$14,800,000
67$16,315,949$15,531,549$15,302,149$17,047,983
68$17,936,846$16,249,265$15,771,441$18,274,463
69$19,721,709$17,000,784$16,255,089$19,603,888
70$21,687,220$17,787,719$16,753,532$21,049,947
71$23,851,762$18,611,763$17,267,220$22,623,830
72$26,235,589$19,474,686$17,796,619$24,337,843
73$28,861,020$20,378,347$18,342,208$26,205,515
74$31,752,653$21,324,694$18,904,479$28,241,728
75$34,937,587$22,315,768$19,483,943$30,462,849
76$38,445,689$23,353,709$20,081,124$32,886,882
77$42,309,868$24,440,760$20,696,560$35,533,634
78$46,566,389$25,579,271$21,330,809$38,424,896
79$51,255,214$26,771,709$21,984,445$41,584,647
80$56,420,379$28,020,656$22,658,057$45,039,270
81$62,110,411$29,328,821$23,352,255$48,817,803
82$68,378,783$30,699,044$24,067,666$52,952,202
83$75,284,423$32,134,301$24,804,936$57,477,639
84$82,892,264$33,637,711$25,564,732$62,432,829
85$91,273,863$35,212,547$26,347,738$67,860,387
86$100,508,073$36,862,238$27,154,663$73,807,230
87$110,681,787$38,590,378$27,986,235$80,325,004
88$121,890,759$40,400,737$28,843,204$87,470,574
89$134,240,508$42,297,265$29,726,343$95,306,545
90$147,847,314$44,284,105$30,636,450$103,901,854
91$162,839,314$46,365,600$31,574,345$113,332,406
92$179,357,713$48,546,302$32,540,874$123,681,788
93$197,558,114$50,830,986$33,536,908$135,042,044
94$217,611,994$53,224,656$34,563,346$147,514,539
95$239,708,311$55,732,559$35,621,112$161,210,907
96$264,055,300$58,360,195$36,711,161$176,254,092
97$290,882,429$61,113,333$37,834,473$192,779,503
98$320,442,570$63,998,020$38,992,061$210,936,275
99$353,014,385$67,020,595$40,184,968$230,888,675
100$388,904,955$70,187,707$41,414,267$252,817,634