Can I retire at age 67 with 16,800,000?

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,288,029
2 years$686,796$674,005$661,609$649,590$637,931$586,534
3 years$453,316$440,470$428,105$416,198$404,730$355,180
4 years$336,599$323,792$311,551$299,847$288,657$241,331
5 years$266,587$253,857$241,776$230,312$219,432$174,452
6 years$219,927$207,293$195,391$184,182$173,629$131,025
7 years$186,612$174,085$162,371$151,426$141,207$100,965
8 years$161,637$149,223$137,703$127,028$117,145$79,226
9 years$142,223$129,925$118,604$108,199$98,653$63,003
10 years$126,700$114,523$103,402$93,269$84,057$50,608
11 years$114,008$101,953$91,033$81,172$72,292$40,968
12 years$103,439$91,507$80,790$71,199$62,647$33,367
13 years$94,503$82,696$72,180$62,858$54,629$27,308
14 years$86,849$75,168$64,854$55,798$47,888$22,435
15 years$80,223$68,668$58,555$49,762$42,164$18,489
16 years$74,430$63,001$53,088$44,557$37,265$15,276
17 years$69,325$58,022$48,308$40,034$33,041$12,647
18 years$64,791$53,615$44,099$36,078$29,379$10,488
19 years$60,740$49,690$40,371$32,600$26,186$8,710
20 years$57,098$46,174$37,050$29,526$23,390$7,242
21 years$53,807$43,009$34,079$26,796$20,931$6,027
22 years$50,820$40,148$31,409$24,364$18,762$5,019
23 years$48,096$37,549$29,001$22,189$16,842$4,183
24 years$45,603$35,181$26,821$20,237$15,138$3,488
25 years$43,313$33,016$24,841$18,482$13,622$2,910
26 years$41,203$31,029$23,039$16,899$12,270$2,428
27 years$39,252$29,202$21,394$15,468$11,062$2,027
28 years$37,444$27,517$19,888$14,172$9,982$1,693
29 years$35,763$25,959$18,508$12,996$9,013$1,414
30 years$34,198$24,516$17,239$11,927$8,144$1,181
31 years$32,736$23,176$16,072$10,954$7,363$987
32 years$31,368$21,929$14,995$10,067$6,660$825
33 years$30,086$20,767$14,001$9,258$6,028$689
34 years$28,882$19,682$13,082$8,518$5,457$576
35 years$27,750$18,668$12,231$7,841$4,943$481
36 years$26,682$17,719$11,441$7,221$4,479$402
37 years$25,675$16,829$10,709$6,654$4,059$336
38 years$24,723$15,994$10,028$6,133$3,680$281
39 years$23,822$15,208$9,396$5,655$3,337$235
40 years$22,968$14,469$8,807$5,216$3,027$196
41 years$22,158$13,774$8,258$4,812$2,746$164
42 years$21,389$13,117$7,746$4,441$2,492$137
43 years$20,657$12,498$7,269$4,100$2,261$115
44 years$19,961$11,913$6,823$3,785$2,053$96
45 years$19,297$11,361$6,406$3,496$1,863$80
46 years$18,664$10,838$6,017$3,229$1,692$67
47 years$18,060$10,342$5,653$2,983$1,536$56
48 years$17,483$9,873$5,312$2,757$1,395$47
49 years$16,931$9,428$4,993$2,548$1,267$39
50 years$16,403$9,006$4,694$2,355$1,151$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $16,800,000, adding $6,440 every year, while hoping to spend $58,008 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: 81/6/13 Blend
66$16,800,000$16,800,000$16,800,000$16,800,000
67$18,520,243$17,629,843$17,369,443$19,974,236
68$20,347,588$18,431,985$17,889,599$21,731,879
69$22,359,377$19,271,488$18,425,236$23,652,622
70$24,574,364$20,150,121$18,976,812$25,759,352
71$27,013,211$21,069,739$19,544,797$28,070,694
72$29,698,686$22,032,284$20,129,676$30,607,159
73$32,655,879$23,039,793$20,731,947$33,391,337
74$35,912,436$24,094,400$21,352,124$36,448,109
75$39,498,819$25,198,340$21,990,735$39,804,880
76$43,448,598$26,353,958$22,648,324$43,491,834
77$47,798,763$27,563,710$23,325,450$47,542,219
78$52,590,074$28,830,169$24,022,691$51,992,659
79$57,867,448$30,156,034$24,740,637$56,883,496
80$63,680,379$31,544,131$25,479,900$62,259,172
81$70,083,409$32,997,425$26,241,108$68,168,640
82$77,136,638$34,519,020$27,024,906$74,665,831
83$84,906,295$36,112,172$27,831,961$81,810,157
84$93,465,362$37,780,292$28,662,956$89,667,069
85$102,894,260$39,526,958$29,518,595$98,308,674
86$113,281,611$41,355,916$30,399,605$107,814,410
87$124,725,075$43,271,095$31,306,731$118,271,799
88$137,332,267$45,276,613$32,240,742$129,777,262
89$151,221,778$47,376,787$33,202,426$142,437,034
90$166,524,289$49,576,140$34,192,598$156,368,159
91$183,383,811$51,879,414$35,212,094$171,699,594
92$201,959,036$54,291,582$36,261,775$188,573,420
93$222,424,842$56,817,854$37,342,529$207,146,183
94$244,973,938$59,463,691$38,455,266$227,590,368
95$269,818,687$62,234,819$39,600,925$250,096,020
96$297,193,110$65,137,242$40,780,472$274,872,537
97$327,355,090$68,177,250$41,994,901$302,150,643
98$360,588,813$71,361,439$43,245,234$332,184,560
99$397,207,446$74,696,724$44,532,524$365,254,404
100$437,556,095$78,190,353$45,857,853$401,668,826