Can I retire at age 67 with 16,300,000?

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 $16,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,292,677
2 years$666,356$653,946$641,918$630,257$618,945$611,773
3 years$439,824$427,361$415,363$403,811$392,684$385,670
4 years$326,581$314,155$302,278$290,923$280,066$273,263
5 years$258,653$246,302$234,580$223,457$212,901$206,331
6 years$213,382$201,124$189,576$178,700$168,462$162,131
7 years$181,058$168,903$157,538$146,919$137,004$130,918
8 years$156,827$144,781$133,605$123,247$113,658$107,815
9 years$137,990$126,058$115,074$104,979$95,717$90,116
10 years$122,929$111,114$100,324$90,493$81,556$76,194
11 years$110,615$98,918$88,324$78,756$70,140$65,015
12 years$100,360$88,784$78,385$69,080$60,782$55,889
13 years$91,690$80,235$70,032$60,987$53,003$48,337
14 years$84,265$72,931$62,924$54,137$46,462$42,018
15 years$77,835$66,624$56,812$48,281$40,909$36,681
16 years$72,215$61,126$51,508$43,230$36,156$32,137
17 years$67,261$56,295$46,870$38,842$32,058$28,244
18 years$62,863$52,019$42,787$35,005$28,505$24,888
19 years$58,932$48,211$39,169$31,630$25,407$21,981
20 years$55,399$44,800$35,948$28,647$22,694$19,452
21 years$52,206$41,729$33,065$25,999$20,308$17,244
22 years$49,307$38,953$30,474$23,639$18,204$15,310
23 years$46,665$36,432$28,138$21,528$16,341$13,610
24 years$44,246$34,134$26,023$19,635$14,687$12,114
25 years$42,024$32,033$24,102$17,932$13,216$10,793
26 years$39,976$30,106$22,353$16,396$11,905$9,625
27 years$38,084$28,333$20,757$15,008$10,733$8,590
28 years$36,329$26,698$19,296$13,750$9,685$7,672
29 years$34,699$25,187$17,957$12,609$8,745$6,857
30 years$33,180$23,786$16,726$11,572$7,902$6,132
31 years$31,762$22,486$15,593$10,628$7,144$5,486
32 years$30,435$21,276$14,549$9,768$6,462$4,910
33 years$29,191$20,149$13,584$8,982$5,848$4,396
34 years$28,023$19,097$12,692$8,264$5,295$3,938
35 years$26,924$18,113$11,867$7,608$4,796$3,529
36 years$25,888$17,192$11,101$7,007$4,345$3,163
37 years$24,911$16,328$10,390$6,456$3,938$2,835
38 years$23,987$15,518$9,730$5,950$3,570$2,542
39 years$23,113$14,756$9,116$5,486$3,238$2,280
40 years$22,285$14,039$8,544$5,060$2,937$2,046
41 years$21,499$13,364$8,012$4,669$2,664$1,835
42 years$20,752$12,727$7,515$4,309$2,418$1,647
43 years$20,042$12,126$7,052$3,978$2,194$1,478
44 years$19,367$11,559$6,620$3,673$1,992$1,327
45 years$18,723$11,023$6,216$3,392$1,808$1,191
46 years$18,109$10,515$5,838$3,133$1,642$1,069
47 years$17,523$10,035$5,485$2,895$1,491$960
48 years$16,963$9,579$5,154$2,675$1,354$862
49 years$16,427$9,148$4,845$2,472$1,229$774
50 years$15,914$8,738$4,555$2,285$1,117$695

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $16,300,000, adding $3,556 every year, while hoping to spend $32,647 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: 59/31/10 Blend
66$16,300,000$16,300,000$16,300,000$16,300,000
67$17,966,268$17,102,368$16,849,718$18,983,957
68$19,764,091$17,905,648$17,379,447$20,471,855
69$21,744,198$18,747,194$17,925,829$22,089,498
70$23,925,147$19,628,848$18,489,385$23,852,545
71$26,327,389$20,552,538$19,070,656$25,774,975
72$28,973,459$21,520,288$19,670,199$27,872,157
73$31,888,189$22,534,220$20,288,588$30,160,984
74$35,098,944$23,596,556$20,926,415$32,660,034
75$38,635,877$24,709,629$21,584,291$35,389,733
76$42,532,219$25,875,883$22,262,847$38,372,546
77$46,824,585$27,097,880$22,962,732$41,633,181
78$51,553,326$28,378,310$23,684,617$45,198,818
79$56,762,906$29,719,988$24,429,193$49,099,352
80$62,502,324$31,125,870$25,197,173$53,367,678
81$68,825,576$32,599,052$25,989,293$58,039,984
82$75,792,162$34,142,782$26,806,311$63,156,093
83$83,467,650$35,760,467$27,649,010$68,759,822
84$91,924,296$37,455,675$28,518,198$74,899,397
85$101,241,723$39,232,151$29,414,706$81,627,889
86$111,507,673$41,093,821$30,339,393$89,003,714
87$122,818,838$43,044,801$31,293,145$97,091,167
88$135,281,769$45,089,406$32,276,875$105,961,024
89$149,013,885$47,232,162$33,291,525$115,691,198
90$164,144,578$49,477,815$34,338,068$126,367,461
91$180,816,436$51,831,339$35,417,505$138,084,243
92$199,186,592$54,297,954$36,530,870$150,945,511
93$219,428,200$56,883,129$37,679,230$165,065,737
94$241,732,075$59,592,602$38,863,684$180,570,965
95$266,308,496$62,432,388$40,085,366$197,599,986
96$293,389,184$65,408,796$41,345,447$216,305,634
97$323,229,494$68,528,441$42,645,133$236,856,212
98$356,110,826$71,798,258$43,985,668$259,437,065
99$392,343,280$75,225,522$45,368,338$284,252,311
100$432,268,582$78,817,860$46,794,465$311,526,751