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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.9%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,276,144
2 years$670,444$657,958$645,856$634,123$622,742$591,081
3 years$442,523$429,982$417,912$406,289$395,093$364,375
4 years$328,585$316,083$304,133$292,708$281,784$252,245
5 years$260,239$247,813$236,019$224,828$214,208$185,931
6 years$214,691$202,358$190,739$179,797$169,495$142,509
7 years$182,169$169,940$158,505$147,821$137,845$112,152
8 years$157,789$145,670$134,425$124,003$114,356$89,946
9 years$138,836$126,832$115,780$105,623$96,304$73,158
10 years$123,683$111,796$100,940$91,048$82,056$60,146
11 years$111,293$99,525$88,866$79,239$70,571$49,867
12 years$100,976$89,329$78,866$69,503$61,155$41,623
13 years$92,252$80,727$70,462$61,361$53,328$34,930
14 years$84,782$73,379$63,310$54,470$46,747$29,442
15 years$78,313$67,033$57,160$48,577$41,160$24,907
16 years$72,658$61,501$51,824$43,496$36,377$21,135
17 years$67,674$56,640$47,158$39,081$32,255$17,978
18 years$63,249$52,338$43,049$35,219$28,679$15,326
19 years$59,294$48,506$39,409$31,824$25,563$13,088
20 years$55,738$45,075$36,168$28,823$22,833$11,193
21 years$52,526$41,985$33,268$26,158$20,433$9,585
22 years$49,610$39,192$30,661$23,784$18,315$8,217
23 years$46,951$36,655$28,310$21,660$16,441$7,050
24 years$44,517$34,343$26,182$19,756$14,777$6,054
25 years$42,282$32,230$24,250$18,042$13,297$5,202
26 years$40,222$30,291$22,491$16,497$11,978$4,473
27 years$38,317$28,507$20,885$15,100$10,799$3,848
28 years$36,552$26,862$19,415$13,835$9,744$3,311
29 years$34,912$25,341$18,067$12,687$8,799$2,851
30 years$33,383$23,932$16,829$11,643$7,950$2,455
31 years$31,956$22,624$15,689$10,693$7,188$2,115
32 years$30,621$21,407$14,638$9,827$6,502$1,822
33 years$29,370$20,273$13,668$9,037$5,884$1,570
34 years$28,195$19,214$12,770$8,315$5,327$1,353
35 years$27,089$18,224$11,939$7,654$4,825$1,166
36 years$26,047$17,297$11,169$7,049$4,372$1,006
37 years$25,064$16,428$10,454$6,495$3,962$867
38 years$24,134$15,613$9,790$5,987$3,592$748
39 years$23,255$14,846$9,172$5,520$3,258$645
40 years$22,421$14,125$8,597$5,091$2,955$556
41 years$21,631$13,446$8,061$4,698$2,681$480
42 years$20,880$12,805$7,562$4,335$2,432$414
43 years$20,165$12,201$7,096$4,002$2,208$357
44 years$19,486$11,630$6,660$3,695$2,004$308
45 years$18,838$11,090$6,254$3,413$1,819$266
46 years$18,220$10,580$5,874$3,152$1,652$229
47 years$17,630$10,096$5,518$2,912$1,500$198
48 years$17,067$9,638$5,186$2,691$1,362$170
49 years$16,528$9,204$4,874$2,487$1,237$147
50 years$16,012$8,792$4,582$2,299$1,124$127

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 $6,336 every year, while hoping to spend $33,382 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: 74/17/9 Blend
66$16,400,000$16,400,000$16,400,000$16,400,000
67$18,079,336$17,210,136$16,955,936$19,389,009
68$19,887,910$18,017,914$17,488,441$21,061,098
69$21,879,839$18,864,155$18,037,667$22,887,571
70$24,073,792$19,750,707$18,604,138$24,887,585
71$26,490,337$20,679,510$19,188,395$27,078,310
72$29,152,142$21,652,597$19,790,997$29,478,647
73$32,084,185$22,672,098$20,412,519$32,109,398
74$35,313,989$23,740,249$21,053,556$34,993,461
75$38,871,886$24,859,391$21,714,720$38,156,047
76$42,791,298$26,031,981$22,396,643$41,624,907
77$47,109,056$27,260,593$23,099,976$45,430,596
78$51,865,747$28,547,929$23,825,392$49,606,755
79$57,106,094$29,896,819$24,573,584$54,190,427
80$62,879,383$31,310,231$25,345,267$59,222,397
81$69,239,924$32,791,276$26,141,177$64,747,578
82$76,247,566$34,343,218$26,962,076$70,815,430
83$83,968,261$35,969,479$27,808,748$77,480,416
84$92,474,684$37,673,644$28,682,003$84,802,518
85$101,846,925$39,459,476$29,582,673$92,847,796
86$112,173,240$41,330,918$30,511,620$101,689,004
87$123,550,883$43,292,106$31,469,732$111,406,271
88$136,087,028$45,347,375$32,457,924$122,087,855
89$149,899,780$47,501,271$33,477,140$133,830,966
90$165,119,287$49,758,563$34,528,353$146,742,677
91$181,888,971$52,124,248$35,612,569$160,940,932
92$200,366,878$54,603,569$36,730,823$176,555,645
93$220,727,177$57,202,022$37,884,183$193,729,928
94$243,161,797$59,925,369$39,073,751$212,621,425
95$267,882,243$62,779,654$40,300,664$233,403,798
96$295,121,589$65,771,214$41,566,093$256,268,353
97$325,136,682$68,906,695$42,871,248$281,425,842
98$358,210,564$72,193,064$44,217,376$309,108,439
99$394,655,146$75,637,628$45,605,762$339,571,922
100$434,814,149$79,248,049$47,037,733$373,098,081