Can I retire at age 67 with 16,400,000?

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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,290,348
2 years$670,444$657,958$645,856$634,123$622,742$605,229
3 years$442,523$429,982$417,912$406,289$395,093$378,022
4 years$328,585$316,083$304,133$292,708$281,784$265,286
5 years$260,239$247,813$236,019$224,828$214,208$198,331
6 years$214,691$202,358$190,739$179,797$169,495$154,258
7 years$182,169$169,940$158,505$147,821$137,845$123,254
8 years$157,789$145,670$134,425$124,003$114,356$100,409
9 years$138,836$126,832$115,780$105,623$96,304$82,995
10 years$123,683$111,796$100,940$91,048$82,056$69,376
11 years$111,293$99,525$88,866$79,239$70,571$58,507
12 years$100,976$89,329$78,866$69,503$61,155$49,694
13 years$92,252$80,727$70,462$61,361$53,328$42,455
14 years$84,782$73,379$63,310$54,470$46,747$36,445
15 years$78,313$67,033$57,160$48,577$41,160$31,412
16 years$72,658$61,501$51,824$43,496$36,377$27,165
17 years$67,674$56,640$47,158$39,081$32,255$23,559
18 years$63,249$52,338$43,049$35,219$28,679$20,481
19 years$59,294$48,506$39,409$31,824$25,563$17,843
20 years$55,738$45,075$36,168$28,823$22,833$15,572
21 years$52,526$41,985$33,268$26,158$20,433$13,611
22 years$49,610$39,192$30,661$23,784$18,315$11,913
23 years$46,951$36,655$28,310$21,660$16,441$10,439
24 years$44,517$34,343$26,182$19,756$14,777$9,156
25 years$42,282$32,230$24,250$18,042$13,297$8,038
26 years$40,222$30,291$22,491$16,497$11,978$7,062
27 years$38,317$28,507$20,885$15,100$10,799$6,208
28 years$36,552$26,862$19,415$13,835$9,744$5,461
29 years$34,912$25,341$18,067$12,687$8,799$4,806
30 years$33,383$23,932$16,829$11,643$7,950$4,232
31 years$31,956$22,624$15,689$10,693$7,188$3,728
32 years$30,621$21,407$14,638$9,827$6,502$3,285
33 years$29,370$20,273$13,668$9,037$5,884$2,895
34 years$28,195$19,214$12,770$8,315$5,327$2,552
35 years$27,089$18,224$11,939$7,654$4,825$2,251
36 years$26,047$17,297$11,169$7,049$4,372$1,985
37 years$25,064$16,428$10,454$6,495$3,962$1,751
38 years$24,134$15,613$9,790$5,987$3,592$1,545
39 years$23,255$14,846$9,172$5,520$3,258$1,364
40 years$22,421$14,125$8,597$5,091$2,955$1,204
41 years$21,631$13,446$8,061$4,698$2,681$1,062
42 years$20,880$12,805$7,562$4,335$2,432$938
43 years$20,165$12,201$7,096$4,002$2,208$828
44 years$19,486$11,630$6,660$3,695$2,004$731
45 years$18,838$11,090$6,254$3,413$1,819$645
46 years$18,220$10,580$5,874$3,152$1,652$570
47 years$17,630$10,096$5,518$2,912$1,500$503
48 years$17,067$9,638$5,186$2,691$1,362$444
49 years$16,528$9,204$4,874$2,487$1,237$392
50 years$16,012$8,792$4,582$2,299$1,124$347

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $16,400,000, adding $2,711 every year, while hoping to spend $20,079 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: 26/47/27 Blend
66$16,400,000$16,400,000$16,400,000$16,400,000
67$18,075,596$17,206,396$16,952,196$18,392,551
68$19,897,943$18,028,146$17,498,731$19,473,761
69$21,905,497$18,889,488$18,062,902$20,631,101
70$24,117,126$19,792,342$18,645,278$21,872,461
71$26,553,626$20,738,720$19,246,448$23,204,955
72$29,237,910$21,730,731$19,867,018$24,636,358
73$32,195,230$22,770,590$20,507,616$26,175,171
74$35,453,410$23,860,615$21,168,887$27,830,690
75$39,043,114$25,003,242$21,851,501$29,613,089
76$42,998,131$26,201,020$22,556,146$31,533,498
77$47,355,698$27,456,628$23,283,535$33,604,105
78$52,156,847$28,772,870$24,034,401$35,838,255
79$57,446,796$30,152,691$24,809,504$38,250,566
80$63,275,373$31,599,177$25,609,626$40,857,056
81$69,697,488$33,115,564$26,435,575$43,675,279
82$76,773,652$34,705,246$27,288,187$46,724,479
83$84,570,545$36,371,785$28,168,323$50,025,756
84$93,161,650$38,118,912$29,076,871$53,602,255
85$102,627,943$39,950,543$30,014,750$57,479,361
86$113,058,657$41,870,783$30,982,909$61,684,932
87$124,552,128$43,883,940$31,982,324$66,249,539
88$137,216,720$45,994,528$33,014,007$71,206,738
89$151,171,849$48,207,283$34,079,000$76,593,370
90$166,549,111$50,527,173$35,178,379$82,449,890
91$183,493,521$52,959,405$36,313,256$88,820,727
92$202,164,889$55,509,444$37,484,778$95,754,680
93$222,739,319$58,183,018$38,694,130$103,305,365
94$245,410,879$60,986,136$39,942,533$111,531,688
95$270,393,432$63,925,100$41,231,251$120,498,385
96$297,922,650$67,006,518$42,561,586$130,276,602
97$328,258,245$70,237,322$43,934,883$140,944,546
98$361,686,416$73,624,781$45,352,532$152,588,189
99$398,522,554$77,176,519$46,815,966$165,302,057
100$439,114,218$80,900,532$48,326,664$179,190,086