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%15.1%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,155,400
2 years$605,035$593,767$582,846$572,257$561,987$537,145
3 years$399,350$388,033$377,140$366,651$356,548$332,413
4 years$296,528$285,245$274,461$264,151$254,293$231,050
5 years$234,850$223,636$212,993$202,894$193,309$171,025
6 years$193,746$182,615$172,130$162,256$152,959$131,657
7 years$164,396$153,360$143,041$133,399$124,397$104,081
8 years$142,395$131,458$121,310$111,905$103,199$83,863
9 years$125,291$114,458$104,484$95,319$86,909$68,539
10 years$111,617$100,889$91,092$82,165$74,050$56,629
11 years$100,435$89,816$80,196$71,509$63,686$47,190
12 years$91,125$80,614$71,172$62,723$55,189$39,594
13 years$83,252$72,851$63,587$55,375$48,126$33,405
14 years$76,510$66,220$57,133$49,155$42,187$28,312
15 years$70,673$60,493$51,584$43,838$37,144$24,085
16 years$65,570$55,501$46,768$39,252$32,828$20,553
17 years$61,072$51,114$42,557$35,268$29,108$17,585
18 years$57,078$47,232$38,849$31,783$25,881$15,078
19 years$53,509$43,774$35,565$28,719$23,069$12,953
20 years$50,301$40,677$32,639$26,011$20,605$11,145
21 years$47,402$37,889$30,022$23,606$18,439$9,603
22 years$44,770$35,368$27,670$21,463$16,528$8,283
23 years$42,370$33,079$25,548$19,547$14,837$7,152
24 years$40,174$30,993$23,628$17,828$13,336$6,180
25 years$38,157$29,085$21,884$16,282$12,000$5,345
26 years$36,298$27,336$20,296$14,887$10,809$4,625
27 years$34,579$25,726$18,847$13,627$9,745$4,004
28 years$32,986$24,241$17,521$12,485$8,793$3,469
29 years$31,506$22,869$16,305$11,449$7,940$3,006
30 years$30,126$21,597$15,187$10,507$7,175$2,605
31 years$28,839$20,417$14,158$9,650$6,486$2,259
32 years$27,634$19,318$13,210$8,869$5,867$1,960
33 years$26,505$18,295$12,334$8,155$5,310$1,700
34 years$25,444$17,339$11,524$7,504$4,808$1,475
35 years$24,446$16,446$10,775$6,908$4,354$1,280
36 years$23,506$15,610$10,079$6,362$3,945$1,111
37 years$22,618$14,826$9,434$5,861$3,576$965
38 years$21,780$14,090$8,835$5,403$3,242$837
39 years$20,986$13,398$8,277$4,982$2,940$727
40 years$20,234$12,747$7,758$4,595$2,666$631
41 years$19,520$12,134$7,275$4,239$2,419$548
42 years$18,843$11,556$6,824$3,912$2,195$476
43 years$18,198$11,010$6,403$3,612$1,992$414
44 years$17,585$10,495$6,011$3,335$1,808$359
45 years$17,000$10,008$5,644$3,080$1,642$312
46 years$16,442$9,547$5,301$2,845$1,491$271
47 years$15,910$9,111$4,980$2,628$1,353$235
48 years$15,402$8,698$4,680$2,429$1,229$204
49 years$14,915$8,306$4,399$2,244$1,116$178
50 years$14,450$7,934$4,135$2,075$1,014$154

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 $6,674 every year, while hoping to spend $53,921 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: 67/18/15 Blend
66$14,800,000$14,800,000$14,800,000$14,800,000
67$16,316,484$15,532,084$15,302,684$17,351,614
68$17,923,394$16,235,785$15,757,953$18,746,791
69$19,692,402$16,972,160$16,226,665$20,264,773
70$21,639,984$17,742,753$16,709,216$21,923,215
71$23,784,296$18,549,182$17,206,009$23,735,890
72$26,145,345$19,393,142$17,717,461$25,717,955
73$28,745,176$20,276,411$18,244,001$27,886,087
74$31,608,078$21,200,850$18,786,069$30,258,643
75$34,760,820$22,168,410$19,344,121$32,855,824
76$38,232,896$23,181,134$19,918,621$35,699,865
77$42,056,808$24,241,166$20,510,051$38,815,244
78$46,268,369$25,350,750$21,118,905$42,228,904
79$50,907,046$26,512,240$21,745,691$45,970,507
80$56,016,325$27,728,101$22,390,933$50,072,709
81$61,644,130$29,000,917$23,055,168$54,571,464
82$67,843,265$30,333,396$23,738,951$59,506,358
83$74,671,923$31,728,377$24,442,850$64,920,980
84$82,194,225$33,188,834$25,167,452$70,863,329
85$90,480,835$34,717,885$25,913,360$77,386,258
86$99,609,616$36,318,798$26,681,194$84,547,972
87$109,666,376$37,994,997$27,471,593$92,412,571
88$120,745,666$39,750,073$28,285,211$101,050,646
89$132,951,684$41,587,786$29,122,726$110,539,947
90$146,399,250$43,512,082$29,984,831$120,966,101
91$161,214,892$45,527,092$30,872,241$132,423,420
92$177,538,041$47,637,150$31,785,692$145,015,786
93$195,522,348$49,846,796$32,725,938$158,857,619
94$215,337,129$52,160,791$33,693,759$174,074,952
95$237,168,970$54,584,125$34,689,955$190,806,615
96$261,223,484$57,122,026$35,715,347$209,205,537
97$287,727,252$59,779,977$36,770,784$229,440,176
98$316,929,962$62,563,726$37,857,135$251,696,109
99$349,106,766$65,479,297$38,975,297$276,177,768
100$384,560,877$68,533,003$40,126,190$303,110,363