Can I retire at age 67 with 15,800,000?

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 $15,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,228,459
2 years$645,915$633,886$622,227$610,924$599,959$568,468
3 years$426,333$414,251$402,622$391,425$380,639$350,096
4 years$316,563$304,519$293,006$281,999$271,475$242,115
5 years$250,719$238,746$227,385$216,603$206,371$178,277
6 years$206,836$194,954$183,761$173,219$163,294$136,493
7 years$175,504$163,722$152,706$142,413$132,802$107,297
8 years$152,016$140,340$129,507$119,467$110,172$85,951
9 years$133,757$122,191$111,544$101,759$92,781$69,824
10 years$119,158$107,706$97,247$87,717$79,054$57,335
11 years$107,222$95,884$85,614$76,340$67,989$47,475
12 years$97,282$86,060$75,981$66,961$58,918$39,574
13 years$88,877$77,773$67,884$59,116$51,377$33,166
14 years$81,680$70,694$60,994$52,477$45,037$27,918
15 years$75,448$64,580$55,069$46,800$39,654$23,585
16 years$70,000$59,251$49,928$41,904$35,047$19,984
17 years$65,198$54,568$45,433$37,651$31,075$16,975
18 years$60,935$50,423$41,474$33,931$27,630$14,449
19 years$57,124$46,732$37,968$30,659$24,627$12,320
20 years$53,699$43,425$34,845$27,768$21,998$10,521
21 years$50,604$40,449$32,051$25,201$19,685$8,996
22 years$47,795$37,758$29,540$22,914$17,645$7,700
23 years$45,233$35,314$27,275$20,868$15,839$6,596
24 years$42,889$33,087$25,224$19,033$14,237$5,655
25 years$40,735$31,051$23,363$17,382$12,811$4,852
26 years$38,750$29,182$21,668$15,893$11,540$4,165
27 years$36,915$27,464$20,120$14,547$10,404$3,577
28 years$35,215$25,879$18,705$13,328$9,388$3,073
29 years$33,634$24,414$17,406$12,222$8,477$2,641
30 years$32,162$23,057$16,213$11,217$7,659$2,271
31 years$30,787$21,796$15,115$10,302$6,925$1,953
32 years$29,501$20,624$14,103$9,468$6,264$1,680
33 years$28,295$19,531$13,168$8,707$5,669$1,445
34 years$27,163$18,511$12,303$8,011$5,133$1,243
35 years$26,098$17,557$11,503$7,374$4,649$1,070
36 years$25,094$16,664$10,760$6,792$4,212$921
37 years$24,147$15,827$10,072$6,258$3,817$793
38 years$23,251$15,042$9,432$5,768$3,461$682
39 years$22,404$14,303$8,836$5,318$3,138$588
40 years$21,601$13,608$8,282$4,905$2,847$506
41 years$20,839$12,954$7,766$4,526$2,583$436
42 years$20,116$12,337$7,285$4,177$2,343$375
43 years$19,428$11,754$6,836$3,856$2,127$323
44 years$18,773$11,204$6,417$3,560$1,930$278
45 years$18,149$10,684$6,025$3,288$1,753$239
46 years$17,553$10,192$5,659$3,037$1,591$206
47 years$16,985$9,727$5,316$2,806$1,445$178
48 years$16,442$9,285$4,996$2,593$1,312$153
49 years$15,923$8,867$4,696$2,396$1,192$132
50 years$15,426$8,470$4,415$2,215$1,082$113

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $15,800,000, adding $5,623 every year, while hoping to spend $47,025 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: 47/33/20 Blend
66$15,800,000$15,800,000$15,800,000$15,800,000
67$17,417,400$16,580,000$16,335,100$18,136,721
68$19,143,941$17,342,386$16,832,292$19,401,604
69$21,045,012$18,140,552$17,344,563$20,768,544
70$23,138,368$18,976,204$17,872,370$22,251,267
71$25,443,568$19,851,125$18,416,181$23,860,619
72$27,982,169$20,767,187$18,976,481$25,608,511
73$30,777,924$21,726,352$19,553,766$27,508,030
74$33,857,004$22,730,676$20,148,550$29,573,548
75$37,248,253$23,782,313$20,761,360$31,820,859
76$40,983,451$24,883,522$21,392,742$34,267,318
77$45,097,619$26,036,671$22,043,255$36,931,999
78$49,629,348$27,244,240$22,713,476$39,835,870
79$54,621,165$28,508,831$23,404,001$43,001,979
80$60,119,930$29,833,171$24,115,441$46,455,667
81$66,177,283$31,220,116$24,848,428$50,224,802
82$72,850,127$32,672,662$25,603,612$54,340,026
83$80,201,168$34,193,951$26,381,661$58,835,044
84$88,299,505$35,787,273$27,183,265$63,746,926
85$97,221,284$37,456,079$28,009,134$69,116,453
86$107,050,415$39,203,986$28,859,999$74,988,489
87$117,879,362$41,034,786$29,736,614$81,412,394
88$129,810,021$42,952,455$30,639,754$88,442,478
89$142,954,676$44,961,158$31,570,219$96,138,509
90$157,437,063$47,065,265$32,528,832$104,566,254
91$173,393,536$49,269,355$33,516,440$113,798,099
92$190,974,352$51,578,229$34,533,916$123,913,710
93$210,345,094$53,996,920$35,582,160$135,000,777
94$231,688,229$56,530,705$36,662,098$147,155,826
95$255,204,834$59,185,115$37,774,684$160,485,116
96$281,116,492$61,965,950$38,920,900$175,105,622
97$309,667,382$64,879,290$40,101,759$191,146,131
98$341,126,589$67,931,510$41,318,302$208,748,433
99$375,790,640$71,129,292$42,571,604$228,068,648
100$413,986,301$74,479,643$43,862,768$249,278,675