Can I retire at age 67 with 16,500,000?

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 $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,290,752
2 years$674,532$661,969$649,794$637,990$626,540$601,469
3 years$445,221$432,604$420,460$408,766$397,502$373,123
4 years$330,588$318,010$305,987$294,493$283,502$260,003
5 years$261,826$249,324$237,459$226,199$215,514$192,961
6 years$216,000$203,592$191,902$180,893$170,529$148,948
7 years$183,280$170,976$159,471$148,722$138,686$118,082
8 years$158,751$146,558$135,244$124,759$115,053$95,421
9 years$139,683$127,605$116,486$106,267$96,891$78,219
10 years$124,437$112,478$101,555$91,603$82,556$64,826
11 years$111,972$100,132$89,407$79,722$71,001$54,192
12 years$101,592$89,873$79,347$69,927$61,528$45,617
13 years$92,815$81,219$70,891$61,735$53,654$38,614
14 years$85,299$73,826$63,696$54,802$47,032$32,838
15 years$78,790$67,441$57,509$48,873$41,411$28,032
16 years$73,101$61,876$52,140$43,761$36,599$24,006
17 years$68,087$56,986$47,446$39,319$32,451$20,613
18 years$63,634$52,657$43,312$35,434$28,854$17,740
19 years$59,655$48,802$39,650$32,018$25,718$15,296
20 years$56,078$45,349$36,389$28,998$22,972$13,211
21 years$52,846$42,241$33,470$26,318$20,558$11,426
22 years$49,912$39,431$30,848$23,929$18,427$9,894
23 years$47,237$36,879$28,483$21,793$16,541$8,576
24 years$44,789$34,553$26,342$19,876$14,867$7,440
25 years$42,540$32,426$24,398$18,152$13,378$6,460
26 years$40,467$30,475$22,628$16,597$12,051$5,612
27 years$38,551$28,681$21,012$15,192$10,865$4,879
28 years$36,775$27,026$19,533$13,919$9,804$4,243
29 years$35,124$25,496$18,177$12,764$8,852$3,692
30 years$33,587$24,078$16,932$11,714$7,999$3,214
31 years$32,151$22,762$15,785$10,759$7,232$2,798
32 years$30,808$21,537$14,727$9,887$6,541$2,437
33 years$29,549$20,396$13,751$9,092$5,920$2,123
34 years$28,367$19,331$12,848$8,366$5,360$1,850
35 years$27,254$18,335$12,012$7,701$4,855$1,612
36 years$26,206$17,403$11,237$7,092$4,399$1,405
37 years$25,216$16,529$10,518$6,535$3,987$1,225
38 years$24,281$15,708$9,849$6,023$3,614$1,068
39 years$23,397$14,937$9,228$5,554$3,277$931
40 years$22,558$14,211$8,649$5,123$2,973$812
41 years$21,763$13,528$8,110$4,726$2,697$708
42 years$21,007$12,883$7,608$4,362$2,447$618
43 years$20,288$12,275$7,139$4,026$2,221$539
44 years$19,604$11,701$6,701$3,718$2,016$470
45 years$18,953$11,158$6,292$3,433$1,830$410
46 years$18,331$10,644$5,910$3,171$1,662$358
47 years$17,738$10,158$5,552$2,930$1,509$312
48 years$17,171$9,697$5,217$2,707$1,370$272
49 years$16,629$9,260$4,904$2,502$1,245$238
50 years$16,110$8,846$4,610$2,313$1,130$207

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $16,500,000, adding $4,463 every year, while hoping to spend $27,749 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: 40/38/22 Blend
66$16,500,000$16,500,000$16,500,000$16,500,000
67$18,187,604$17,313,104$17,057,354$18,796,468
68$20,013,214$18,131,921$17,599,250$20,053,085
69$22,024,108$18,989,930$18,158,370$21,408,695
70$24,239,152$19,889,023$18,735,262$22,874,715
71$26,679,142$20,831,181$19,330,489$24,461,229
72$29,366,991$21,818,485$19,944,636$26,179,298
73$32,327,946$22,853,113$20,578,305$28,041,059
74$35,589,834$23,937,353$21,232,114$30,059,827
75$39,183,313$25,073,600$21,906,707$32,250,221
76$43,142,172$26,264,367$22,602,743$34,628,284
77$47,503,643$27,512,290$23,320,903$37,211,636
78$52,308,754$28,820,132$24,061,893$40,019,621
79$57,602,718$30,190,790$24,826,438$43,073,492
80$63,435,359$31,627,302$25,615,287$46,396,590
81$69,861,579$33,132,853$26,429,213$50,014,564
82$76,941,882$34,710,785$27,269,014$53,955,595
83$84,742,941$36,364,600$28,135,512$58,250,657
84$93,338,226$38,097,971$29,029,557$62,933,792
85$102,808,703$39,914,749$29,952,025$68,042,426
86$113,243,593$41,818,974$30,903,820$73,617,703
87$124,741,216$43,814,880$31,885,875$79,704,862
88$137,409,920$45,906,910$32,899,152$86,353,652
89$151,369,103$48,099,719$33,944,644$93,618,787
90$166,750,339$50,398,193$35,023,377$101,560,443
91$183,698,620$52,807,451$36,136,407$110,244,817
92$202,373,729$55,332,865$37,284,826$119,744,728
93$222,951,740$57,980,067$38,469,759$130,140,292
94$245,626,690$60,754,962$39,692,368$141,519,658
95$270,612,401$63,663,744$40,953,851$153,979,821
96$298,144,506$66,712,908$42,255,445$167,627,518
97$328,482,670$69,909,264$43,598,426$182,580,213
98$361,913,040$73,259,956$44,984,112$198,967,189
99$398,750,950$76,772,474$46,413,859$216,930,739
100$439,343,894$80,454,672$47,889,070$236,627,488