Can I retire at age 67 with 16,600,000?

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 $16,600,000?

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$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,291,707
2 years$678,620$665,981$653,733$641,856$630,337$598,290
3 years$447,919$435,226$423,008$411,244$399,912$368,819
4 years$332,592$319,937$307,842$296,278$285,220$255,321
5 years$263,413$250,835$238,898$227,570$216,820$188,198
6 years$217,309$204,825$193,065$181,989$171,562$144,247
7 years$184,391$172,012$160,438$149,624$139,526$113,520
8 years$159,713$147,446$136,064$125,515$115,750$91,043
9 years$140,529$128,378$117,192$106,911$97,479$74,050
10 years$125,192$113,159$102,171$92,159$83,057$60,880
11 years$112,651$100,739$89,949$80,206$71,431$50,475
12 years$102,207$90,418$79,828$70,351$61,901$42,130
13 years$93,377$81,711$71,321$62,109$53,979$35,356
14 years$85,816$74,273$64,082$55,134$47,318$29,801
15 years$79,268$67,850$57,857$49,170$41,662$25,211
16 years$73,544$62,251$52,456$44,026$36,821$21,392
17 years$68,499$57,331$47,733$39,557$32,648$18,198
18 years$64,020$52,976$43,574$35,649$29,029$15,513
19 years$60,017$49,098$39,890$32,212$25,874$13,247
20 years$56,418$45,624$36,609$29,174$23,111$11,330
21 years$53,167$42,497$33,673$26,477$20,682$9,702
22 years$50,215$39,670$31,035$24,074$18,539$8,317
23 years$47,523$37,102$28,656$21,925$16,641$7,136
24 years$45,060$34,762$26,501$19,996$14,958$6,128
25 years$42,797$32,623$24,546$18,262$13,460$5,266
26 years$40,712$30,660$22,765$16,698$12,124$4,528
27 years$38,785$28,855$21,139$15,284$10,931$3,895
28 years$36,998$27,190$19,652$14,003$9,863$3,352
29 years$35,337$25,650$18,288$12,841$8,906$2,885
30 years$33,790$24,224$17,034$11,785$8,047$2,485
31 years$32,346$22,900$15,880$10,824$7,275$2,140
32 years$30,995$21,668$14,817$9,947$6,581$1,844
33 years$29,728$20,520$13,834$9,147$5,956$1,589
34 years$28,538$19,448$12,926$8,416$5,392$1,370
35 years$27,419$18,446$12,085$7,748$4,884$1,181
36 years$26,365$17,508$11,305$7,135$4,425$1,018
37 years$25,369$16,629$10,582$6,574$4,011$878
38 years$24,429$15,803$9,909$6,060$3,636$757
39 years$23,538$15,027$9,284$5,587$3,297$653
40 years$22,695$14,297$8,702$5,154$2,991$563
41 years$21,894$13,610$8,159$4,755$2,713$485
42 years$21,134$12,961$7,654$4,388$2,462$419
43 years$20,411$12,350$7,182$4,051$2,234$361
44 years$19,723$11,772$6,742$3,740$2,028$312
45 years$19,067$11,225$6,330$3,454$1,841$269
46 years$18,442$10,709$5,945$3,191$1,672$232
47 years$17,845$10,219$5,586$2,948$1,518$200
48 years$17,275$9,756$5,249$2,724$1,379$173
49 years$16,729$9,316$4,934$2,517$1,252$149
50 years$16,207$8,899$4,638$2,327$1,137$128

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $16,600,000, adding $2,244 every year, while hoping to spend $21,172 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: 60/18/22 Blend
66$16,600,000$16,600,000$16,600,000$16,600,000
67$18,295,515$17,415,715$17,158,415$19,286,559
68$20,139,130$18,246,558$17,710,695$20,789,932
69$22,170,085$19,117,403$18,280,767$22,426,904
70$24,407,465$20,030,187$18,869,204$24,212,462
71$26,872,304$20,986,943$19,476,599$26,161,029
72$29,587,776$21,989,801$20,103,563$28,288,473
73$32,579,424$23,040,996$20,750,727$30,612,244
74$35,875,391$24,142,870$21,418,742$33,151,545
75$39,506,692$25,297,882$22,108,281$35,927,497
76$43,507,504$26,508,608$22,820,038$38,963,343
77$47,915,490$27,777,750$23,554,729$42,284,660
78$52,772,152$29,108,141$24,313,094$45,919,592
79$58,123,226$30,502,755$25,095,898$49,899,113
80$64,019,111$31,964,706$25,903,926$54,257,317
81$70,515,347$33,497,263$26,737,995$59,031,728
82$77,673,137$35,103,854$27,598,942$64,263,651
83$85,559,927$36,788,072$28,487,636$69,998,557
84$94,250,039$38,553,687$29,404,972$76,286,505
85$103,825,377$40,404,652$30,351,872$83,182,604
86$114,376,197$42,345,112$31,329,291$90,747,533
87$126,001,961$44,379,414$32,338,214$99,048,100
88$138,812,273$46,512,118$33,379,657$108,157,867
89$152,927,918$48,748,004$34,454,668$118,157,839
90$168,481,997$51,092,088$35,564,332$129,137,216
91$185,621,189$53,549,629$36,709,765$141,194,228
92$204,507,131$56,126,141$37,892,122$154,437,054
93$225,317,944$58,827,408$39,112,594$168,984,832
94$248,249,920$61,659,496$40,372,412$184,968,773
95$273,519,368$64,628,768$41,672,844$202,533,392
96$301,364,660$67,741,894$43,015,201$221,837,858
97$332,048,481$71,005,872$44,400,836$243,057,488
98$365,860,308$74,428,042$45,831,145$266,385,386
99$403,119,141$78,016,098$47,307,571$292,034,258
100$444,176,520$81,778,113$48,831,601$320,238,402