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%18.3%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,240,755
2 years$658,180$645,922$634,042$622,523$611,351$568,371
3 years$434,428$422,117$410,267$398,857$387,866$346,339
4 years$322,574$310,301$298,569$287,354$276,629$236,872
5 years$255,479$243,280$231,702$220,715$210,289$172,407
6 years$210,764$198,656$187,250$176,508$166,395$130,418
7 years$178,837$166,831$155,605$145,117$135,323$101,248
8 years$154,902$143,005$131,966$121,735$112,264$80,063
9 years$136,297$124,512$113,662$103,691$94,542$64,177
10 years$121,421$109,751$99,093$89,383$80,555$51,977
11 years$109,257$97,705$87,240$77,790$69,280$42,434
12 years$99,129$87,694$77,423$68,232$60,036$34,862
13 years$90,565$79,250$69,173$60,239$52,353$28,785
14 years$83,231$72,036$62,152$53,473$45,892$23,865
15 years$76,880$65,806$56,115$47,689$40,407$19,850
16 years$71,329$60,376$50,876$42,700$35,712$16,556
17 years$66,436$55,604$46,295$38,366$31,665$13,839
18 years$62,092$51,381$42,262$34,575$28,155$11,589
19 years$58,209$47,619$38,689$31,242$25,095$9,719
20 years$54,719$44,250$35,506$28,295$22,415$8,162
21 years$51,565$41,217$32,659$25,680$20,059$6,861
22 years$48,702$38,475$30,100$23,349$17,980$5,773
23 years$46,092$35,985$27,792$21,264$16,140$4,861
24 years$43,703$33,715$25,703$19,394$14,507$4,095
25 years$41,508$31,640$23,806$17,712$13,054$3,452
26 years$39,486$29,737$22,079$16,195$11,759$2,911
27 years$37,616$27,986$20,502$14,824$10,601$2,456
28 years$35,883$26,371$19,060$13,582$9,566$2,073
29 years$34,273$24,878$17,737$12,455$8,638$1,749
30 years$32,773$23,494$16,521$11,430$7,805$1,477
31 years$31,372$22,210$15,402$10,498$7,056$1,247
32 years$30,061$21,015$14,370$9,648$6,383$1,054
33 years$28,833$19,902$13,418$8,872$5,777$890
34 years$27,679$18,862$12,537$8,163$5,230$752
35 years$26,593$17,891$11,721$7,514$4,737$635
36 years$25,571$16,981$10,965$6,921$4,292$537
37 years$24,605$16,128$10,263$6,376$3,890$453
38 years$23,693$15,327$9,611$5,877$3,527$383
39 years$22,829$14,575$9,004$5,419$3,198$324
40 years$22,011$13,867$8,440$4,998$2,901$274
41 years$21,235$13,200$7,914$4,612$2,632$231
42 years$20,498$12,571$7,423$4,256$2,388$196
43 years$19,797$11,978$6,966$3,929$2,167$165
44 years$19,129$11,417$6,539$3,628$1,967$140
45 years$18,493$10,887$6,139$3,350$1,786$118
46 years$17,887$10,386$5,766$3,095$1,621$100
47 years$17,308$9,911$5,417$2,859$1,472$84
48 years$16,754$9,462$5,091$2,642$1,337$71
49 years$16,225$9,035$4,785$2,442$1,214$60
50 years$15,719$8,631$4,499$2,257$1,103$51

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 $5,015 every year, while hoping to spend $27,802 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: 50/40/10 Blend
66$16,100,000$16,100,000$16,100,000$16,100,000
67$17,747,373$16,894,073$16,644,523$18,587,384
68$19,528,024$17,692,301$17,172,533$19,960,600
69$21,489,369$18,528,711$17,717,300$21,448,629
70$23,649,811$19,405,144$18,279,356$23,064,943
71$26,029,626$20,323,531$18,859,249$24,821,582
72$28,651,160$21,285,895$19,457,545$26,731,765
73$31,539,035$22,294,361$20,074,830$28,810,011
74$34,720,386$23,351,154$20,711,706$31,072,266
75$38,225,111$24,458,607$21,368,794$33,536,051
76$42,086,162$25,619,167$22,046,738$36,220,611
77$46,339,845$26,835,401$22,746,198$39,147,100
78$51,026,171$28,109,998$23,467,858$42,338,762
79$56,189,233$29,445,780$24,212,424$45,821,148
80$61,877,616$30,845,705$24,980,621$49,622,345
81$68,144,862$32,312,874$25,773,202$53,773,235
82$75,049,973$33,850,540$26,590,939$58,307,772
83$82,657,967$35,462,113$27,434,632$63,263,295
84$91,040,493$37,151,169$28,305,105$68,680,868
85$100,276,505$38,921,459$29,203,208$74,605,656
86$110,453,012$40,776,914$30,129,819$81,087,342
87$121,665,895$42,721,658$31,085,843$88,180,581
88$134,020,811$44,760,014$32,072,214$95,945,500
89$147,634,197$46,896,518$33,089,896$104,448,258
90$162,634,360$49,135,922$34,139,883$113,761,650
91$179,162,697$51,483,215$35,223,201$123,965,785
92$197,375,023$53,943,623$36,340,909$135,148,819
93$217,443,044$56,522,629$37,494,098$147,407,777
94$239,555,980$59,225,983$38,683,896$160,849,448
95$263,922,348$62,059,715$39,911,465$175,591,374
96$290,771,934$65,030,147$41,178,005$191,762,945
97$320,357,956$68,143,910$42,484,754$209,506,595
98$352,959,463$71,407,956$43,832,988$228,979,128
99$388,883,960$74,829,578$45,224,025$250,353,177
100$428,470,319$78,416,422$46,659,225$273,818,809