Can I retire at age 67 with 15,400,000?

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 $15,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$1,271,718$1,260,390$1,249,338$1,238,551$1,228,018$1,207,177
2 years$629,563$617,838$606,475$595,457$584,770$563,838
3 years$415,540$403,764$392,429$381,515$371,002$350,630
4 years$308,549$296,809$285,588$274,860$264,602$244,947
5 years$244,371$232,702$221,628$211,119$201,146$182,264
6 years$201,600$190,019$179,108$168,834$159,160$141,073
7 years$171,061$159,577$148,840$138,807$129,440$112,153
8 years$148,168$136,787$126,228$116,442$107,383$90,893
9 years$130,371$119,098$108,720$99,183$90,432$74,729
10 years$116,142$104,979$94,785$85,497$77,052$62,124
11 years$104,507$93,457$83,447$74,408$66,268$52,097
12 years$94,819$83,882$74,057$65,265$57,426$43,995
13 years$86,627$75,805$66,165$57,620$50,077$37,365
14 years$79,612$68,904$59,450$51,148$43,897$31,883
15 years$73,538$62,945$53,675$45,615$38,650$27,311
16 years$68,228$57,751$48,664$40,844$34,159$23,470
17 years$63,548$53,187$44,283$36,698$30,288$20,225
18 years$59,392$49,147$40,424$33,072$26,931$17,469
19 years$55,678$45,549$37,006$29,883$24,004$15,119
20 years$52,340$42,326$33,963$27,065$21,441$13,107
21 years$49,323$39,425$31,239$24,563$19,187$11,379
22 years$46,585$36,802$28,792$22,334$17,198$9,891
23 years$44,088$34,420$26,584$20,340$15,438$8,607
24 years$41,803$32,249$24,586$18,551$13,876$7,496
25 years$39,704$30,264$22,771$16,942$12,487$6,534
26 years$37,769$28,444$21,119$15,491$11,247$5,700
27 years$35,981$26,769$19,611$14,179$10,141$4,975
28 years$34,323$25,224$18,231$12,991$9,150$4,344
29 years$32,783$23,796$16,966$11,913$8,262$3,796
30 years$31,348$22,473$15,803$10,933$7,465$3,317
31 years$30,008$21,244$14,732$10,041$6,749$2,901
32 years$28,754$20,101$13,746$9,228$6,105$2,537
33 years$27,579$19,036$12,834$8,486$5,525$2,219
34 years$26,475$18,042$11,992$7,808$5,003$1,942
35 years$25,437$17,113$11,211$7,188$4,531$1,699
36 years$24,459$16,242$10,488$6,620$4,105$1,488
37 years$23,535$15,427$9,817$6,099$3,721$1,302
38 years$22,663$14,661$9,193$5,622$3,373$1,140
39 years$21,837$13,941$8,613$5,183$3,059$999
40 years$21,054$13,264$8,073$4,781$2,775$875
41 years$20,312$12,626$7,570$4,411$2,517$766
42 years$19,606$12,024$7,101$4,071$2,284$671
43 years$18,936$11,457$6,663$3,758$2,073$588
44 years$18,297$10,921$6,254$3,470$1,882$515
45 years$17,689$10,414$5,873$3,204$1,708$451
46 years$17,109$9,934$5,516$2,960$1,551$395
47 years$16,555$9,481$5,182$2,735$1,408$346
48 years$16,026$9,050$4,869$2,527$1,279$303
49 years$15,520$8,643$4,577$2,335$1,162$266
50 years$15,036$8,256$4,303$2,159$1,055$233

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $15,400,000, adding $2,551 every year, while hoping to spend $26,266 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: 89/5/6 Blend
66$15,400,000$15,400,000$15,400,000$15,400,000
67$16,973,431$16,157,231$15,918,531$18,481,506
68$18,676,775$16,920,989$16,423,855$20,226,418
69$20,552,978$17,721,290$16,945,227$22,140,951
70$22,619,647$18,559,898$17,483,157$24,245,327
71$24,896,179$19,438,661$18,038,171$26,558,701
72$27,403,951$20,359,518$18,610,812$29,102,174
73$30,166,520$21,324,499$19,201,639$31,898,991
74$33,209,842$22,335,737$19,811,232$34,974,759
75$36,562,523$23,395,465$20,440,185$38,357,686
76$40,256,084$24,506,027$21,089,114$42,078,850
77$44,325,259$25,669,877$21,758,655$46,172,486
78$48,808,327$26,889,592$22,449,461$50,676,311
79$53,747,467$28,167,873$23,162,209$55,631,878
80$59,189,161$29,507,551$23,897,595$61,084,968
81$65,184,631$30,911,597$24,656,340$67,086,019
82$71,790,321$32,383,123$25,439,185$73,690,599
83$79,068,433$33,925,395$26,246,897$80,959,933
84$87,087,510$35,541,836$27,080,265$88,961,477
85$95,923,088$37,236,037$27,940,105$97,769,551
86$105,658,402$39,011,763$28,827,258$107,466,044
87$116,385,180$40,872,960$29,742,593$118,141,180
88$128,204,503$42,823,770$30,687,004$129,894,370
89$141,227,760$44,868,532$31,661,416$142,835,146
90$155,577,700$47,011,799$32,666,782$157,084,199
91$171,389,593$49,258,344$33,704,087$172,774,507
92$188,812,502$51,613,173$34,774,344$190,052,596
93$208,010,694$54,081,536$35,878,602$209,079,917
94$229,165,191$56,668,938$37,017,941$230,034,366
95$252,475,475$59,381,150$38,193,477$253,111,965
96$278,161,374$62,224,227$39,406,359$278,528,705
97$306,465,137$65,204,517$40,657,774$306,522,585
98$337,653,720$68,328,677$41,948,948$337,355,857
99$372,021,306$71,603,688$43,281,145$371,317,495
100$409,892,083$75,036,873$44,655,667$408,725,920