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

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,144,625
2 years$609,123$597,778$586,784$576,124$565,784$522,421
3 years$402,048$390,655$379,688$369,128$358,957$317,116
4 years$298,531$287,173$276,316$265,936$256,011$216,012
5 years$236,437$225,147$214,432$204,264$194,615$156,562
6 years$195,055$183,849$173,293$163,352$153,993$117,913
7 years$165,507$154,396$144,007$134,301$125,237$91,122
8 years$143,357$132,346$122,130$112,661$103,896$71,715
9 years$126,138$115,231$105,190$95,963$87,496$57,205
10 years$112,371$101,571$91,707$82,721$74,551$46,097
11 years$101,114$90,422$80,738$71,992$64,116$37,438
12 years$91,740$81,158$71,653$63,146$55,562$30,594
13 years$83,815$73,343$64,017$55,749$48,451$25,124
14 years$77,027$66,667$57,519$49,488$42,472$20,713
15 years$71,150$60,902$51,932$44,134$37,395$17,131
16 years$66,013$55,876$47,084$39,517$33,050$14,205
17 years$61,484$51,460$42,845$35,506$29,305$11,804
18 years$57,464$47,551$39,112$31,998$26,056$9,826
19 years$53,870$44,070$35,805$28,913$23,225$8,191
20 years$50,640$40,952$32,860$26,186$20,745$6,837
21 years$47,722$38,145$30,225$23,766$18,564$5,711
22 years$45,072$35,607$27,857$21,609$16,640$4,776
23 years$42,657$33,303$25,721$19,679$14,937$3,996
24 years$40,446$31,202$23,787$17,949$13,426$3,345
25 years$38,415$29,282$22,032$16,392$12,081$2,802
26 years$36,543$27,520$20,434$14,988$10,882$2,348
27 years$34,813$25,900$18,974$13,719$9,811$1,968
28 years$33,209$24,405$17,639$12,569$8,853$1,650
29 years$31,718$23,023$16,415$11,526$7,994$1,384
30 years$30,330$21,743$15,290$10,578$7,223$1,160
31 years$29,034$20,555$14,254$9,715$6,530$974
32 years$27,821$19,449$13,299$8,929$5,907$817
33 years$26,684$18,418$12,418$8,211$5,346$685
34 years$25,616$17,456$11,602$7,554$4,840$575
35 years$24,611$16,557$10,847$6,954$4,384$483
36 years$23,665$15,715$10,147$6,405$3,972$405
37 years$22,771$14,926$9,498$5,901$3,600$340
38 years$21,927$14,185$8,894$5,439$3,264$286
39 years$21,128$13,488$8,333$5,015$2,960$240
40 years$20,371$12,833$7,811$4,626$2,685$201
41 years$19,652$12,216$7,324$4,268$2,435$169
42 years$18,970$11,634$6,870$3,939$2,210$142
43 years$18,321$11,085$6,447$3,636$2,006$119
44 years$17,703$10,566$6,051$3,357$1,821$100
45 years$17,115$10,076$5,682$3,100$1,653$84
46 years$16,553$9,612$5,337$2,864$1,501$70
47 years$16,018$9,173$5,014$2,646$1,363$59
48 years$15,506$8,757$4,711$2,445$1,237$50
49 years$15,016$8,362$4,428$2,260$1,124$42
50 years$14,548$7,988$4,163$2,089$1,021$35

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 $3,942 every year, while hoping to spend $21,109 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: 67/8/25 Blend
66$14,900,000$14,900,000$14,900,000$14,900,000
67$16,423,866$15,634,166$15,403,216$17,417,895
68$18,076,641$16,377,781$15,896,764$18,830,268
69$19,897,291$17,157,124$16,406,138$20,371,596
70$21,902,917$17,973,926$16,931,847$22,056,865
71$24,112,365$18,829,999$17,474,414$23,900,277
72$26,546,400$19,727,243$18,034,381$25,917,463
73$29,227,906$20,667,650$18,612,305$28,125,630
74$32,182,099$21,653,312$19,208,764$30,543,722
75$35,436,767$22,686,419$19,824,352$33,192,594
76$39,022,533$23,769,269$20,459,683$36,095,206
77$42,973,140$24,904,271$21,115,391$39,276,838
78$47,325,774$26,093,954$21,792,130$42,765,328
79$52,121,411$27,340,967$22,490,575$46,591,326
80$57,405,209$28,648,087$23,211,423$50,788,588
81$63,226,927$30,018,231$23,955,393$55,394,284
82$69,641,402$31,454,452$24,723,227$60,449,350
83$76,709,061$32,959,957$25,515,691$65,998,868
84$84,496,495$34,538,104$26,333,576$72,092,492
85$93,077,085$36,192,419$27,177,699$78,784,909
86$102,531,696$37,926,596$28,048,900$86,136,352
87$112,949,442$39,744,512$28,948,051$94,213,168
88$124,428,522$41,650,230$29,876,048$103,088,433
89$137,077,152$43,648,013$30,833,817$112,842,647
90$151,014,587$45,742,330$31,822,314$123,564,480
91$166,372,239$47,937,869$32,842,527$135,351,609
92$183,294,929$50,239,546$33,895,473$148,311,635
93$201,942,243$52,652,515$34,982,203$162,563,094
94$222,490,048$55,182,184$36,103,802$178,236,567
95$245,132,144$57,834,222$37,261,390$195,475,911
96$270,082,099$60,614,575$38,456,123$214,439,609
97$297,575,263$63,529,480$39,689,194$235,302,261
98$327,870,992$66,585,476$40,961,834$258,256,227
99$361,255,090$69,789,422$42,275,312$283,513,432
100$398,042,517$73,148,511$43,630,943$311,307,365