Can I retire at age 67 with 16,100,000?

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 $16,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,261,530
2 years$658,180$645,922$634,042$622,523$611,351$588,950
3 years$434,428$422,117$410,267$398,857$387,866$366,068
4 years$322,574$310,301$298,569$287,354$276,629$255,602
5 years$255,479$243,280$231,702$220,715$210,289$190,094
6 years$210,764$198,656$187,250$176,508$166,395$147,053
7 years$178,837$166,831$155,605$145,117$135,323$116,842
8 years$154,902$143,005$131,966$121,735$112,264$94,638
9 years$136,297$124,512$113,662$103,691$94,542$77,762
10 years$121,421$109,751$99,093$89,383$80,555$64,606
11 years$109,257$97,705$87,240$77,790$69,280$54,144
12 years$99,129$87,694$77,423$68,232$60,036$45,695
13 years$90,565$79,250$69,173$60,239$52,353$38,783
14 years$83,231$72,036$62,152$53,473$45,892$33,070
15 years$76,880$65,806$56,115$47,689$40,407$28,308
16 years$71,329$60,376$50,876$42,700$35,712$24,311
17 years$66,436$55,604$46,295$38,366$31,665$20,934
18 years$62,092$51,381$42,262$34,575$28,155$18,069
19 years$58,209$47,619$38,689$31,242$25,095$15,626
20 years$54,719$44,250$35,506$28,295$22,415$13,536
21 years$51,565$41,217$32,659$25,680$20,059$11,743
22 years$48,702$38,475$30,100$23,349$17,980$10,200
23 years$46,092$35,985$27,792$21,264$16,140$8,869
24 years$43,703$33,715$25,703$19,394$14,507$7,718
25 years$41,508$31,640$23,806$17,712$13,054$6,723
26 years$39,486$29,737$22,079$16,195$11,759$5,859
27 years$37,616$27,986$20,502$14,824$10,601$5,110
28 years$35,883$26,371$19,060$13,582$9,566$4,459
29 years$34,273$24,878$17,737$12,455$8,638$3,892
30 years$32,773$23,494$16,521$11,430$7,805$3,399
31 years$31,372$22,210$15,402$10,498$7,056$2,969
32 years$30,061$21,015$14,370$9,648$6,383$2,595
33 years$28,833$19,902$13,418$8,872$5,777$2,268
34 years$27,679$18,862$12,537$8,163$5,230$1,983
35 years$26,593$17,891$11,721$7,514$4,737$1,734
36 years$25,571$16,981$10,965$6,921$4,292$1,517
37 years$24,605$16,128$10,263$6,376$3,890$1,327
38 years$23,693$15,327$9,611$5,877$3,527$1,161
39 years$22,829$14,575$9,004$5,419$3,198$1,015
40 years$22,011$13,867$8,440$4,998$2,901$889
41 years$21,235$13,200$7,914$4,612$2,632$778
42 years$20,498$12,571$7,423$4,256$2,388$681
43 years$19,797$11,978$6,966$3,929$2,167$596
44 years$19,129$11,417$6,539$3,628$1,967$521
45 years$18,493$10,887$6,139$3,350$1,786$456
46 years$17,887$10,386$5,766$3,095$1,621$399
47 years$17,308$9,911$5,417$2,859$1,472$350
48 years$16,754$9,462$5,091$2,642$1,337$306
49 years$16,225$9,035$4,785$2,442$1,214$268
50 years$15,719$8,631$4,499$2,257$1,103$235

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $16,100,000, adding $2,546 every year, while hoping to spend $57,808 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: 35/46/19 Blend
66$16,100,000$16,100,000$16,100,000$16,100,000
67$17,744,826$16,891,526$16,641,976$18,262,749
68$19,493,291$17,657,704$17,137,975$19,408,383
69$21,418,162$18,459,486$17,648,653$20,638,102
70$23,537,371$19,298,558$18,174,439$21,963,742
71$25,870,679$20,176,683$18,715,778$23,393,862
72$28,439,857$21,095,709$19,273,126$24,937,842
73$31,268,898$22,057,574$19,846,951$26,605,962
74$34,384,238$23,064,308$20,437,737$28,409,495
75$37,815,010$24,118,039$21,045,980$30,360,799
76$41,593,313$25,220,995$21,672,193$32,473,432
77$45,754,520$26,375,512$22,316,900$34,762,269
78$50,337,608$27,584,040$22,980,644$37,243,631
79$55,385,530$28,849,144$23,663,981$39,935,432
80$60,945,615$30,173,512$24,367,485$42,857,337
81$67,070,017$31,559,964$25,091,745$46,030,938
82$73,816,208$33,011,452$25,837,368$49,479,947
83$81,247,521$34,531,072$26,604,979$53,230,406
84$89,433,741$36,122,068$27,395,220$57,310,926
85$98,451,775$37,787,841$28,208,751$61,752,938
86$108,386,364$39,531,954$29,046,253$66,590,982
87$119,330,897$41,358,143$29,908,425$71,863,016
88$131,388,278$43,270,322$30,795,988$77,610,763
89$144,671,910$45,272,596$31,709,681$83,880,087
90$159,306,757$47,369,264$32,650,267$90,721,412
91$175,430,524$49,564,837$33,618,529$98,190,181
92$193,194,962$51,864,038$34,615,274$106,347,363
93$212,767,294$54,271,822$35,641,332$115,260,009
94$234,331,797$56,793,380$36,697,556$125,001,867
95$258,091,540$59,434,155$37,784,823$135,654,061
96$284,270,300$62,199,852$38,904,038$147,305,832
97$313,114,677$65,096,451$40,056,130$160,055,362
98$344,896,417$68,130,221$41,242,053$174,010,676
99$379,914,983$71,307,732$42,462,793$189,290,641
100$418,500,375$74,635,875$43,719,360$206,026,062