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

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 $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,303,621
2 years$674,532$661,969$649,794$637,990$626,540$614,336
3 years$445,221$432,604$420,460$408,766$397,502$385,586
4 years$330,588$318,010$305,987$294,493$283,502$271,964
5 years$261,826$249,324$237,459$226,199$215,514$204,389
6 years$216,000$203,592$191,902$180,893$170,529$159,830
7 years$183,280$170,976$159,471$148,722$138,686$128,419
8 years$158,751$146,558$135,244$124,759$115,053$105,217
9 years$139,683$127,605$116,486$106,267$96,891$87,483
10 years$124,437$112,478$101,555$91,603$82,556$73,571
11 years$111,972$100,132$89,407$79,722$71,001$62,431
12 years$101,592$89,873$79,347$69,927$61,528$53,365
13 years$92,815$81,219$70,891$61,735$53,654$45,888
14 years$85,299$73,826$63,696$54,802$47,032$39,654
15 years$78,790$67,441$57,509$48,873$41,411$34,410
16 years$73,101$61,876$52,140$43,761$36,599$29,963
17 years$68,087$56,986$47,446$39,319$32,451$26,169
18 years$63,634$52,657$43,312$35,434$28,854$22,914
19 years$59,655$48,802$39,650$32,018$25,718$20,107
20 years$56,078$45,349$36,389$28,998$22,972$17,678
21 years$52,846$42,241$33,470$26,318$20,558$15,567
22 years$49,912$39,431$30,848$23,929$18,427$13,729
23 years$47,237$36,879$28,483$21,793$16,541$12,122
24 years$44,789$34,553$26,342$19,876$14,867$10,715
25 years$42,540$32,426$24,398$18,152$13,378$9,481
26 years$40,467$30,475$22,628$16,597$12,051$8,395
27 years$38,551$28,681$21,012$15,192$10,865$7,440
28 years$36,775$27,026$19,533$13,919$9,804$6,597
29 years$35,124$25,496$18,177$12,764$8,852$5,853
30 years$33,587$24,078$16,932$11,714$7,999$5,196
31 years$32,151$22,762$15,785$10,759$7,232$4,615
32 years$30,808$21,537$14,727$9,887$6,541$4,100
33 years$29,549$20,396$13,751$9,092$5,920$3,644
34 years$28,367$19,331$12,848$8,366$5,360$3,240
35 years$27,254$18,335$12,012$7,701$4,855$2,881
36 years$26,206$17,403$11,237$7,092$4,399$2,563
37 years$25,216$16,529$10,518$6,535$3,987$2,280
38 years$24,281$15,708$9,849$6,023$3,614$2,029
39 years$23,397$14,937$9,228$5,554$3,277$1,806
40 years$22,558$14,211$8,649$5,123$2,973$1,608
41 years$21,763$13,528$8,110$4,726$2,697$1,431
42 years$21,007$12,883$7,608$4,362$2,447$1,274
43 years$20,288$12,275$7,139$4,026$2,221$1,135
44 years$19,604$11,701$6,701$3,718$2,016$1,011
45 years$18,953$11,158$6,292$3,433$1,830$900
46 years$18,331$10,644$5,910$3,171$1,662$802
47 years$17,738$10,158$5,552$2,930$1,509$714
48 years$17,171$9,697$5,217$2,707$1,370$636
49 years$16,629$9,260$4,904$2,502$1,245$567
50 years$16,110$8,846$4,610$2,313$1,130$505

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 $4,403 every year, while hoping to spend $42,960 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: 63/14/23 Blend
66$16,500,000$16,500,000$16,500,000$16,500,000
67$18,187,542$17,313,042$17,057,292$19,223,722
68$19,996,962$18,115,672$17,583,002$20,726,729
69$21,989,503$18,956,191$18,124,883$22,362,430
70$24,183,798$19,836,410$18,683,433$24,147,998
71$26,600,379$20,758,228$19,259,162$26,098,086
72$29,261,872$21,723,635$19,852,597$28,228,821
73$32,193,206$22,734,716$20,464,283$30,557,946
74$35,421,856$23,793,660$21,094,779$33,104,989
75$38,978,093$24,902,757$21,744,662$35,891,441
76$42,895,278$26,064,411$22,414,527$38,940,958
77$47,210,170$27,281,141$23,104,987$42,279,575
78$51,963,277$28,555,587$23,816,675$45,935,954
79$57,199,238$29,890,518$24,550,240$49,941,647
80$62,967,242$31,288,835$25,306,355$54,331,391
81$69,321,494$32,753,581$26,085,711$59,143,427
82$76,321,724$34,287,944$26,889,020$64,419,864
83$84,033,755$35,895,268$27,717,017$70,207,065
84$92,530,120$37,579,059$28,570,460$76,556,081
85$101,890,750$39,342,990$29,450,127$83,523,130
86$112,203,724$41,190,914$30,356,825$91,170,121
87$123,566,106$43,126,871$31,291,380$99,565,230
88$136,084,855$45,155,094$32,254,647$108,783,539
89$149,877,839$47,280,022$33,247,507$118,907,742
90$165,074,946$49,506,311$34,270,866$130,028,913
91$181,819,309$51,838,838$35,325,658$142,247,364
92$200,268,659$54,282,722$36,412,848$155,673,580
93$220,596,811$56,843,324$37,533,428$170,429,260
94$242,995,309$59,526,270$38,688,420$186,648,452
95$267,675,228$62,337,456$39,878,881$204,478,816
96$294,869,173$65,283,062$41,105,895$224,083,006
97$324,833,469$68,369,573$42,370,582$245,640,196
98$357,850,584$71,603,783$43,674,098$269,347,765
99$394,231,794$74,992,818$45,017,630$295,423,150
100$434,320,121$78,544,151$46,402,405$324,105,885