Can I retire at age 67 with 14,900,000?

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,146,903
2 years$609,123$597,778$586,784$576,124$565,784$524,658
3 years$402,048$390,655$379,688$369,128$358,957$319,241
4 years$298,531$287,173$276,316$265,936$256,011$218,008
5 years$236,437$225,147$214,432$204,264$194,615$158,427
6 years$195,055$183,849$173,293$163,352$153,993$119,645
7 years$165,507$154,396$144,007$134,301$125,237$92,725
8 years$143,357$132,346$122,130$112,661$103,896$73,194
9 years$126,138$115,231$105,190$95,963$87,496$58,563
10 years$112,371$101,571$91,707$82,721$74,551$47,341
11 years$101,114$90,422$80,738$71,992$64,116$38,574
12 years$91,740$81,158$71,653$63,146$55,562$31,627
13 years$83,815$73,343$64,017$55,749$48,451$26,061
14 years$77,027$66,667$57,519$49,488$42,472$21,561
15 years$71,150$60,902$51,932$44,134$37,395$17,896
16 years$66,013$55,876$47,084$39,517$33,050$14,893
17 years$61,484$51,460$42,845$35,506$29,305$12,422
18 years$57,464$47,551$39,112$31,998$26,056$10,379
19 years$53,870$44,070$35,805$28,913$23,225$8,685
20 years$50,640$40,952$32,860$26,186$20,745$7,276
21 years$47,722$38,145$30,225$23,766$18,564$6,103
22 years$45,072$35,607$27,857$21,609$16,640$5,122
23 years$42,657$33,303$25,721$19,679$14,937$4,303
24 years$40,446$31,202$23,787$17,949$13,426$3,617
25 years$38,415$29,282$22,032$16,392$12,081$3,041
26 years$36,543$27,520$20,434$14,988$10,882$2,559
27 years$34,813$25,900$18,974$13,719$9,811$2,153
28 years$33,209$24,405$17,639$12,569$8,853$1,813
29 years$31,718$23,023$16,415$11,526$7,994$1,526
30 years$30,330$21,743$15,290$10,578$7,223$1,286
31 years$29,034$20,555$14,254$9,715$6,530$1,083
32 years$27,821$19,449$13,299$8,929$5,907$912
33 years$26,684$18,418$12,418$8,211$5,346$769
34 years$25,616$17,456$11,602$7,554$4,840$648
35 years$24,611$16,557$10,847$6,954$4,384$546
36 years$23,665$15,715$10,147$6,405$3,972$460
37 years$22,771$14,926$9,498$5,901$3,600$388
38 years$21,927$14,185$8,894$5,439$3,264$327
39 years$21,128$13,488$8,333$5,015$2,960$276
40 years$20,371$12,833$7,811$4,626$2,685$232
41 years$19,652$12,216$7,324$4,268$2,435$196
42 years$18,970$11,634$6,870$3,939$2,210$165
43 years$18,321$11,085$6,447$3,636$2,006$139
44 years$17,703$10,566$6,051$3,357$1,821$117
45 years$17,115$10,076$5,682$3,100$1,653$99
46 years$16,553$9,612$5,337$2,864$1,501$83
47 years$16,018$9,173$5,014$2,646$1,363$70
48 years$15,506$8,757$4,711$2,445$1,237$59
49 years$15,016$8,362$4,428$2,260$1,124$50
50 years$14,548$7,988$4,163$2,089$1,021$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $14,900,000, adding $3,851 every year, while hoping to spend $22,024 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: 28/44/28 Blend
66$14,900,000$14,900,000$14,900,000$14,900,000
67$16,423,772$15,634,072$15,403,122$16,740,901
68$18,075,564$16,376,708$15,895,694$17,737,520
69$19,895,100$17,154,996$16,404,028$18,805,328
70$21,899,467$17,970,658$16,928,630$19,952,127
71$24,107,494$18,825,501$17,470,021$21,184,712
72$26,539,930$19,721,423$18,028,738$22,510,515
73$29,219,639$20,660,408$18,605,336$23,937,670
74$32,171,816$21,644,542$19,200,389$25,475,079
75$35,424,226$22,676,010$19,814,487$27,132,487
76$39,007,465$23,757,102$20,448,240$28,920,570
77$42,955,248$24,890,221$21,102,278$30,851,022
78$47,304,729$26,077,888$21,777,250$32,936,659
79$52,096,851$27,322,744$22,473,827$35,191,527
80$57,376,731$28,627,560$23,192,701$37,631,027
81$63,194,088$29,995,240$23,934,587$40,272,048
82$69,603,710$31,428,832$24,700,221$43,133,115
83$76,665,974$32,931,531$25,490,364$46,234,552
84$84,447,414$34,506,686$26,305,802$49,598,663
85$93,021,348$36,157,812$27,147,344$53,249,928
86$102,468,573$37,888,592$28,015,828$57,215,219
87$112,878,125$39,702,891$28,912,116$61,524,042
88$124,348,121$41,604,759$29,837,098$66,208,801
89$136,986,684$43,598,447$30,791,695$71,305,085
90$150,912,964$45,688,409$31,776,856$76,851,991
91$166,258,264$47,879,319$32,793,558$82,892,474
92$183,167,279$50,176,077$33,842,814$89,473,734
93$201,799,459$52,583,823$34,925,666$96,647,647
94$222,330,519$55,107,946$36,043,191$104,471,230
95$244,954,094$57,754,097$37,196,500$113,007,160
96$269,883,568$60,528,204$38,386,739$122,324,349
97$297,354,089$63,436,483$39,615,092$132,498,564
98$327,624,789$66,485,454$40,882,781$143,613,125
99$360,981,228$69,681,952$42,191,065$155,759,667
100$397,738,094$73,033,148$43,541,247$169,038,974