Can I retire at age 67 with 16,000,000?

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 $16,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,257,835
2 years$654,092$641,910$630,104$618,657$607,554$589,426
3 years$431,730$419,495$407,719$396,379$385,457$367,793
4 years$320,570$308,373$296,715$285,569$274,911$257,847
5 years$253,892$241,768$230,263$219,344$208,983$192,568
6 years$209,455$197,422$186,087$175,411$165,361$149,614
7 years$177,726$165,795$154,639$144,215$134,483$119,410
8 years$153,940$142,117$131,146$120,979$111,567$97,166
9 years$135,450$123,738$112,956$103,047$93,955$80,219
10 years$120,667$109,069$98,478$88,828$80,054$66,974
11 years$108,579$97,098$86,698$77,307$68,850$56,411
12 years$98,513$87,150$76,942$67,808$59,664$47,853
13 years$90,002$78,758$68,743$59,865$52,028$40,828
14 years$82,714$71,589$61,766$53,141$45,607$35,002
15 years$76,403$65,398$55,766$47,392$40,156$30,127
16 years$70,886$60,001$50,560$42,435$35,490$26,017
17 years$66,023$55,259$46,008$38,127$31,468$22,532
18 years$61,706$51,062$41,999$34,360$27,980$19,560
19 years$57,847$47,323$38,448$31,048$24,939$17,016
20 years$54,379$43,975$35,286$28,120$22,276$14,828
21 years$51,245$40,961$32,456$25,520$19,935$12,941
22 years$48,400$38,236$29,913$23,204$17,869$11,310
23 years$45,806$35,761$27,620$21,132$16,040$9,895
24 years$43,431$33,506$25,544$19,274$14,417$8,665
25 years$41,250$31,444$23,659$17,602$12,973$7,595
26 years$39,241$29,552$21,942$16,094$11,686$6,662
27 years$37,383$27,812$20,375$14,731$10,536$5,848
28 years$35,661$26,207$18,941$13,497$9,506$5,136
29 years$34,060$24,723$17,627$12,377$8,584$4,513
30 years$32,569$23,348$16,418$11,359$7,756$3,967
31 years$31,177$22,072$15,306$10,433$7,012$3,488
32 years$29,875$20,885$14,281$9,588$6,343$3,069
33 years$28,654$19,778$13,334$8,817$5,741$2,700
34 years$27,507$18,745$12,459$8,112$5,197$2,377
35 years$26,428$17,779$11,648$7,468$4,708$2,092
36 years$25,412$16,875$10,897$6,878$4,265$1,842
37 years$24,452$16,028$10,199$6,337$3,866$1,623
38 years$23,546$15,232$9,551$5,841$3,505$1,429
39 years$22,688$14,484$8,948$5,385$3,178$1,259
40 years$21,875$13,780$8,387$4,967$2,883$1,109
41 years$21,103$13,118$7,864$4,583$2,615$977
42 years$20,370$12,493$7,377$4,230$2,373$861
43 years$19,674$11,903$6,922$3,904$2,154$759
44 years$19,010$11,346$6,498$3,605$1,955$669
45 years$18,378$10,820$6,101$3,329$1,775$590
46 years$17,776$10,322$5,731$3,075$1,611$520
47 years$17,200$9,850$5,384$2,841$1,463$458
48 years$16,650$9,403$5,059$2,625$1,329$404
49 years$16,125$8,979$4,755$2,426$1,207$356
50 years$15,622$8,577$4,471$2,243$1,096$314

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $16,000,000, adding $2,295 every year, while hoping to spend $55,791 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: 58/29/13 Blend
66$16,000,000$16,000,000$16,000,000$16,000,000
67$17,634,367$16,786,367$16,538,367$18,599,591
68$19,373,712$17,549,538$17,033,041$20,014,735
69$21,288,599$18,348,234$17,542,417$21,550,208
70$23,396,876$19,184,138$18,066,928$23,222,645
71$25,718,208$20,059,011$18,607,021$25,045,212
72$28,274,264$20,974,701$19,163,155$27,032,381
73$31,088,920$21,933,143$19,735,802$29,200,067
74$34,188,488$22,936,365$20,325,449$31,565,769
75$37,601,960$23,986,493$20,932,598$34,148,731
76$41,361,282$25,085,754$21,557,762$36,970,121
77$45,501,659$26,236,482$22,201,473$40,053,219
78$50,061,882$27,441,123$22,864,277$43,423,638
79$55,084,699$28,702,243$23,546,734$47,109,556
80$60,617,212$30,022,527$24,249,424$51,141,976
81$66,711,329$31,404,792$24,972,941$55,555,009
82$73,424,247$32,851,989$25,717,897$60,386,196
83$80,818,997$34,367,213$26,484,923$65,676,849
84$88,965,033$35,953,705$27,274,666$71,472,433
85$97,938,894$37,614,864$28,087,795$77,822,994
86$107,824,921$39,354,252$28,924,996$84,783,614
87$118,716,054$41,175,602$29,786,975$92,414,929
88$130,714,712$43,082,827$30,674,459$100,783,689
89$143,933,757$45,080,029$31,588,197$109,963,378
90$158,497,558$47,171,508$32,528,959$120,034,900
91$174,543,166$49,361,770$33,497,537$131,087,332
92$192,221,611$51,655,539$34,494,747$143,218,751
93$211,699,321$54,057,766$35,521,427$156,537,151
94$233,159,698$56,573,642$36,578,440$171,161,450
95$256,804,845$59,208,608$37,666,675$187,222,601
96$282,857,476$61,968,367$38,787,047$204,864,810
97$311,563,020$64,858,899$39,940,494$224,246,892
98$343,191,934$67,886,470$41,127,986$245,543,749
99$378,042,255$71,057,651$42,350,517$268,948,006
100$416,442,418$74,379,329$43,609,113$294,671,821