Can I retire at age 67 with 15,300,000?

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 $15,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,211,847
2 years$625,475$613,826$602,537$591,591$580,973$572,706
3 years$412,841$401,142$389,881$379,038$368,593$360,512
4 years$306,545$294,882$283,734$273,075$262,884$255,051
5 years$242,784$231,191$220,189$209,748$199,840$192,279
6 years$200,291$188,785$177,945$167,737$158,127$150,847
7 years$169,950$158,541$147,873$137,906$128,599$121,604
8 years$147,205$135,899$125,408$115,686$106,686$99,975
9 years$129,524$118,325$108,014$98,539$89,845$83,417
10 years$115,387$104,297$94,169$84,941$76,552$70,404
11 years$103,829$92,850$82,905$73,924$65,837$59,964
12 years$94,203$83,337$73,576$64,842$57,053$51,450
13 years$86,065$75,312$65,735$57,245$49,752$44,413
14 years$79,095$68,457$59,064$50,816$43,612$38,531
15 years$73,060$62,537$53,326$45,319$38,399$33,570
16 years$67,785$57,376$48,348$40,578$33,937$29,352
17 years$63,135$52,841$43,995$36,459$30,091$25,742
18 years$59,006$48,828$40,162$32,857$26,756$22,636
19 years$55,316$45,253$36,766$29,689$23,848$19,949
20 years$52,000$42,051$33,742$26,889$21,302$17,615
21 years$49,003$39,169$31,036$24,404$19,062$15,582
22 years$46,282$36,563$28,605$22,189$17,087$13,803
23 years$43,802$34,197$26,411$20,208$15,338$12,243
24 years$41,531$32,040$24,426$18,431$13,786$10,872
25 years$39,446$30,068$22,623$16,832$12,405$9,664
26 years$37,524$28,259$20,982$15,390$11,174$8,598
27 years$35,747$26,595$19,484$14,087$10,075$7,656
28 years$34,100$25,060$18,113$12,907$9,091$6,822
29 years$32,570$23,642$16,855$11,836$8,209$6,082
30 years$31,144$22,327$15,700$10,862$7,417$5,425
31 years$29,813$21,106$14,637$9,976$6,706$4,842
32 years$28,568$19,971$13,656$9,168$6,066$4,323
33 years$27,400$18,913$12,751$8,431$5,489$3,862
34 years$26,304$17,925$11,914$7,757$4,970$3,450
35 years$25,272$17,002$11,139$7,141$4,502$3,084
36 years$24,300$16,137$10,420$6,577$4,079$2,757
37 years$23,383$15,326$9,753$6,060$3,697$2,465
38 years$22,516$14,566$9,133$5,585$3,351$2,205
39 years$21,695$13,850$8,557$5,150$3,039$1,973
40 years$20,918$13,178$8,020$4,750$2,757$1,765
41 years$20,180$12,544$7,520$4,382$2,501$1,580
42 years$19,479$11,946$7,054$4,044$2,269$1,414
43 years$18,813$11,382$6,620$3,734$2,059$1,265
44 years$18,179$10,850$6,214$3,447$1,869$1,133
45 years$17,574$10,346$5,834$3,184$1,697$1,014
46 years$16,998$9,870$5,480$2,941$1,541$908
47 years$16,448$9,419$5,148$2,717$1,399$813
48 years$15,922$8,992$4,838$2,511$1,271$728
49 years$15,419$8,587$4,547$2,320$1,154$652
50 years$14,938$8,202$4,275$2,145$1,048$584

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $15,300,000, adding $3,767 every year, while hoping to spend $54,697 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: 65/11/24 Blend
66$15,300,000$15,300,000$15,300,000$15,300,000
67$16,864,486$16,053,586$15,816,436$17,855,253
68$18,526,466$16,782,014$16,288,089$19,251,722
69$20,356,135$17,544,302$16,773,710$20,770,874
70$22,370,540$18,342,052$17,273,708$22,430,014
71$24,588,463$19,176,941$17,788,505$24,242,896
72$27,030,602$20,050,727$18,318,536$26,224,656
73$29,719,764$20,965,253$18,864,248$28,391,954
74$32,681,080$21,922,451$19,426,100$30,763,128
75$35,942,243$22,924,343$20,004,566$33,358,366
76$39,533,766$23,973,050$20,600,134$36,199,890
77$43,489,274$25,070,794$21,213,303$39,312,168
78$47,845,822$26,219,904$21,844,590$42,722,136
79$52,644,237$27,422,821$22,494,525$46,459,455
80$57,929,512$28,682,103$23,163,655$50,556,783
81$63,751,226$30,000,429$23,852,541$55,050,081
82$70,164,011$31,380,610$24,561,760$59,978,951
83$77,228,069$32,825,589$25,291,909$65,387,005
84$85,009,743$34,338,454$26,043,599$71,322,269
85$93,582,136$35,922,437$26,817,459$77,837,638
86$103,025,808$37,580,930$27,614,137$84,991,369
87$113,429,530$39,317,486$28,434,301$92,847,626
88$124,891,128$41,135,828$29,278,635$101,477,078
89$137,518,399$43,039,860$30,147,846$110,957,570
90$151,430,136$45,033,673$31,042,659$121,374,843
91$166,757,243$47,121,557$31,963,821$132,823,345
92$183,643,974$49,308,005$32,912,102$145,407,115
93$202,249,293$51,597,731$33,888,290$159,240,758
94$222,748,374$53,995,672$34,893,201$174,450,523
95$245,334,255$56,507,007$35,927,670$191,175,489
96$270,219,660$59,137,162$36,992,558$209,568,871
97$297,639,008$61,891,826$38,088,752$229,799,459
98$327,850,623$64,776,962$39,217,161$252,053,205
99$361,139,175$67,798,821$40,378,724$276,534,972
100$397,818,365$70,963,957$41,574,405$303,470,459