Can I retire at age 67 with 15,700,000?

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,201,793
2 years$641,827$629,874$618,289$607,057$596,162$546,270
3 years$423,635$411,630$400,074$388,947$378,230$330,163
4 years$314,560$302,591$291,151$280,215$269,757$223,881
5 years$249,132$237,235$225,945$215,232$205,065$161,497
6 years$205,527$193,720$182,598$172,122$162,261$121,028
7 years$174,394$162,686$151,739$141,511$131,961$93,048
8 years$151,054$139,452$128,687$118,710$109,475$72,840
9 years$132,910$121,418$110,838$101,115$92,194$57,782
10 years$118,404$107,024$96,631$87,162$78,553$46,296
11 years$106,543$95,277$85,073$75,857$67,559$37,380
12 years$96,666$85,516$75,500$66,537$58,545$30,363
13 years$88,315$77,281$67,454$58,742$51,052$24,781
14 years$81,163$70,247$60,608$52,145$44,752$20,302
15 years$74,970$64,171$54,721$46,504$39,403$16,683
16 years$69,557$58,876$49,612$41,639$34,825$13,744
17 years$64,785$54,223$45,145$37,412$30,878$11,345
18 years$60,549$50,104$41,212$33,716$27,455$9,380
19 years$56,763$46,436$37,727$30,465$24,472$7,767
20 years$53,359$43,151$34,624$27,592$21,858$6,437
21 years$50,284$40,193$31,848$25,042$19,561$5,341
22 years$47,492$37,519$29,353$22,769$17,533$4,434
23 years$44,947$35,091$27,102$20,736$15,739$3,684
24 years$42,617$32,878$25,065$18,912$14,147$3,062
25 years$40,477$30,854$23,215$17,272$12,730$2,546
26 years$38,505$28,998$21,531$15,792$11,467$2,118
27 years$36,682$27,290$19,993$14,455$10,338$1,763
28 years$34,992$25,716$18,586$13,244$9,328$1,467
29 years$33,421$24,260$17,296$12,145$8,423$1,221
30 years$31,958$22,911$16,111$11,146$7,611$1,017
31 years$30,592$21,658$15,019$10,237$6,881$847
32 years$29,314$20,493$14,013$9,408$6,224$705
33 years$28,116$19,407$13,084$8,651$5,633$587
34 years$26,991$18,394$12,225$7,960$5,100$489
35 years$25,933$17,446$11,430$7,328$4,619$408
36 years$24,935$16,559$10,692$6,749$4,185$340
37 years$23,994$15,727$10,008$6,218$3,793$283
38 years$23,104$14,946$9,372$5,731$3,439$236
39 years$22,262$14,213$8,780$5,284$3,119$196
40 years$21,464$13,522$8,230$4,874$2,829$164
41 years$20,707$12,872$7,717$4,497$2,566$136
42 years$19,988$12,259$7,239$4,150$2,329$114
43 years$19,305$11,680$6,793$3,831$2,113$95
44 years$18,654$11,133$6,376$3,537$1,918$79
45 years$18,034$10,617$5,987$3,267$1,741$66
46 years$17,442$10,128$5,623$3,018$1,581$55
47 years$16,878$9,665$5,283$2,788$1,436$46
48 years$16,338$9,227$4,964$2,576$1,304$38
49 years$15,822$8,811$4,666$2,381$1,184$32
50 years$15,329$8,417$4,387$2,201$1,076$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $15,700,000, adding $6,423 every year, while hoping to spend $35,727 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: 70/10/20 Blend
66$15,700,000$15,700,000$15,700,000$15,700,000
67$17,308,025$16,475,925$16,232,575$18,434,459
68$19,035,431$17,245,232$16,738,353$19,955,929
69$20,937,834$18,051,038$17,259,878$21,615,870
70$23,033,047$18,895,093$17,797,638$23,431,917
71$25,340,698$19,779,233$18,352,139$25,419,506
72$27,882,415$20,705,381$18,923,901$27,595,632
73$30,682,032$21,675,555$19,513,462$29,979,002
74$33,765,811$22,691,870$20,121,375$32,590,213
75$37,162,694$23,756,541$20,748,211$35,451,939
76$40,904,571$24,871,894$21,394,558$38,589,147
77$45,026,585$26,040,364$22,061,024$42,029,326
78$49,567,461$27,264,506$22,748,232$45,802,748
79$54,569,873$28,546,999$23,456,830$49,942,745
80$60,080,848$29,890,649$24,187,481$54,486,025
81$66,152,205$31,298,401$24,940,872$59,473,013
82$72,841,048$32,773,341$25,717,709$64,948,229
83$80,210,304$34,318,704$26,518,722$70,960,704
84$88,329,318$35,937,884$27,344,662$77,564,444
85$97,274,504$37,634,436$28,196,304$84,818,927
86$107,130,071$39,412,091$29,074,448$92,789,668
87$117,988,813$41,274,758$29,979,917$101,548,829
88$129,952,989$43,226,537$30,913,560$111,175,899
89$143,135,283$45,271,727$31,876,254$121,758,435
90$157,659,875$47,414,835$32,868,902$133,392,888
91$173,663,606$49,660,586$33,892,434$146,185,506
92$191,297,274$52,013,935$34,947,811$160,253,333
93$210,727,056$54,480,078$36,036,022$175,725,308
94$232,136,076$57,064,461$37,158,089$192,743,474
95$255,726,133$59,772,798$38,315,063$211,464,318
96$281,719,610$62,611,076$39,508,029$232,060,237
97$310,361,568$65,585,577$40,738,105$254,721,163
98$341,922,063$68,702,884$42,006,446$279,656,344
99$376,698,691$71,969,904$43,314,241$307,096,319
100$415,019,404$75,393,876$44,662,714$337,295,081