Can I retire at age 67 with 15,900,000?

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 $15,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,237,740
2 years$650,004$637,898$626,165$614,790$603,756$573,559
3 years$429,031$416,873$405,171$393,902$383,048$353,745
4 years$318,567$306,446$294,860$283,784$273,193$245,010
5 years$252,305$240,257$228,824$217,973$207,677$180,692
6 years$208,146$196,188$184,924$174,315$164,328$138,569
7 years$176,615$164,759$153,672$143,314$133,642$109,114
8 years$152,978$141,229$130,326$120,223$110,869$87,560
9 years$134,604$122,965$112,250$102,403$93,368$71,260
10 years$119,912$108,387$97,862$88,272$79,554$58,623
11 years$107,900$96,491$86,156$76,823$68,419$48,635
12 years$97,897$86,605$76,461$67,384$59,291$40,621
13 years$89,440$78,266$68,313$59,490$51,703$34,112
14 years$82,197$71,141$61,380$52,809$45,322$28,773
15 years$75,925$64,989$55,418$47,096$39,905$24,358
16 years$70,443$59,626$50,244$42,170$35,268$20,683
17 years$65,611$54,913$45,720$37,889$31,271$17,607
18 years$61,320$50,742$41,737$34,146$27,805$15,020
19 years$57,486$47,028$38,208$30,854$24,783$12,836
20 years$54,039$43,700$35,065$27,944$22,137$10,986
21 years$50,925$40,705$32,253$25,361$19,810$9,415
22 years$48,097$37,997$29,726$23,059$17,757$8,077
23 years$45,519$35,538$27,447$21,000$15,940$6,936
24 years$43,160$33,296$25,384$19,153$14,327$5,961
25 years$40,993$31,247$23,511$17,492$12,892$5,126
26 years$38,995$29,367$21,805$15,994$11,613$4,411
27 years$37,149$27,638$20,248$14,639$10,470$3,798
28 years$35,438$26,043$18,823$13,413$9,447$3,271
29 years$33,847$24,569$17,516$12,300$8,530$2,818
30 years$32,366$23,203$16,316$11,288$7,708$2,429
31 years$30,982$21,934$15,211$10,367$6,969$2,094
32 years$29,688$20,754$14,192$9,528$6,304$1,806
33 years$28,475$19,654$13,251$8,762$5,705$1,557
34 years$27,335$18,628$12,381$8,061$5,165$1,343
35 years$26,263$17,668$11,575$7,421$4,678$1,159
36 years$25,253$16,770$10,829$6,835$4,239$1,000
37 years$24,300$15,927$10,135$6,297$3,842$863
38 years$23,399$15,137$9,491$5,804$3,483$745
39 years$22,546$14,394$8,892$5,352$3,158$643
40 years$21,738$13,694$8,335$4,936$2,865$555
41 years$20,971$13,036$7,815$4,554$2,599$479
42 years$20,243$12,415$7,331$4,203$2,358$413
43 years$19,551$11,829$6,879$3,880$2,140$357
44 years$18,891$11,275$6,457$3,582$1,943$308
45 years$18,263$10,752$6,063$3,309$1,764$266
46 years$17,664$10,257$5,695$3,056$1,601$230
47 years$17,093$9,788$5,350$2,823$1,454$198
48 years$16,546$9,344$5,028$2,609$1,320$171
49 years$16,024$8,923$4,726$2,411$1,199$148
50 years$15,524$8,524$4,443$2,229$1,089$128

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $15,900,000, adding $4,728 every year, while hoping to spend $24,781 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: 57/38/5 Blend
66$15,900,000$15,900,000$15,900,000$15,900,000
67$17,526,677$16,683,977$16,437,527$18,508,800
68$19,288,031$17,475,125$16,961,817$19,960,088
69$21,228,213$18,304,209$17,502,841$21,537,306
70$23,365,437$19,173,061$18,061,132$23,255,040
71$25,719,773$20,083,603$18,637,242$25,126,694
72$28,313,341$21,037,850$19,231,740$27,166,991
73$31,170,512$22,037,916$19,845,214$29,392,116
74$34,318,145$23,086,014$20,478,269$31,819,852
75$37,785,836$24,184,469$21,131,532$34,469,749
76$41,606,200$25,335,716$21,805,646$37,363,299
77$45,815,176$26,542,310$22,501,279$40,524,128
78$50,452,369$27,806,929$23,219,118$43,978,217
79$55,561,424$29,132,382$23,959,871$47,754,138
80$61,190,435$30,521,613$24,724,272$51,883,312
81$67,392,399$31,977,712$25,513,075$56,400,300
82$74,225,721$33,503,917$26,327,060$61,343,119
83$81,754,759$35,103,624$27,167,031$66,753,590
84$90,050,437$36,780,394$28,033,819$72,677,726
85$99,190,909$38,537,961$28,928,280$79,166,153
86$109,262,303$40,380,242$29,851,299$86,274,575
87$120,359,527$42,311,344$30,803,787$94,064,295
88$132,587,171$44,335,572$31,786,686$102,602,774
89$146,060,491$46,457,443$32,800,968$111,964,259
90$160,906,496$48,681,692$33,847,635$122,230,471
91$177,265,150$51,013,287$34,927,722$133,491,358
92$195,290,692$53,457,435$36,042,298$145,845,937
93$215,153,091$56,019,597$37,192,463$159,403,205
94$237,039,651$58,705,502$38,379,356$174,283,159
95$261,156,780$61,521,157$39,604,149$190,617,906
96$287,731,938$64,472,859$40,868,053$208,552,895
97$317,015,782$67,567,216$42,172,320$228,248,275
98$349,284,536$70,811,154$43,518,237$249,880,380
99$384,842,598$74,211,940$44,907,137$273,643,378
100$424,025,410$77,777,192$46,340,393$299,751,084