Can I retire at age 67 with 16,900,000?

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,303,448
2 years$690,884$678,017$665,547$653,456$641,728$597,638
3 years$456,014$443,092$430,653$418,676$407,139$364,523
4 years$338,602$325,719$313,405$301,632$290,375$249,561
5 years$268,174$255,368$243,215$231,683$220,738$181,834
6 years$221,236$208,527$196,554$185,278$174,663$137,701
7 years$187,723$175,121$163,337$152,328$142,048$107,023
8 years$162,599$150,111$138,523$127,784$117,842$84,730
9 years$143,069$130,698$119,310$108,843$99,240$68,001
10 years$127,454$115,204$104,017$93,824$84,558$55,144
11 years$114,686$102,560$91,575$81,655$72,722$45,078
12 years$104,054$92,052$81,270$71,622$63,020$37,083
13 years$95,065$83,188$72,610$63,232$54,954$30,661
14 years$87,366$75,616$65,240$56,130$48,173$25,455
15 years$80,700$69,076$58,903$50,058$42,415$21,203
16 years$74,873$63,376$53,404$44,822$37,487$17,710
17 years$69,737$58,367$48,596$40,272$33,238$14,825
18 years$65,177$53,934$44,362$36,293$29,554$12,433
19 years$61,101$49,985$40,611$32,794$26,342$10,443
20 years$57,438$46,449$37,271$29,701$23,529$8,783
21 years$54,127$43,265$34,282$26,956$21,056$7,395
22 years$51,122$40,386$31,596$24,509$18,874$6,232
23 years$48,382$37,773$29,173$22,321$16,942$5,255
24 years$45,874$35,391$26,980$20,358$15,228$4,435
25 years$43,571$33,212$24,989$18,592$13,703$3,744
26 years$41,448$31,214$23,176$17,000$12,343$3,163
27 years$39,485$29,376$21,521$15,560$11,128$2,672
28 years$37,666$27,681$20,007$14,256$10,041$2,259
29 years$35,976$26,114$18,618$13,073$9,067$1,910
30 years$34,401$24,662$17,342$11,998$8,193$1,615
31 years$32,931$23,314$16,167$11,019$7,407$1,366
32 years$31,555$22,059$15,084$10,127$6,700$1,156
33 years$30,265$20,891$14,084$9,313$6,064$978
34 years$29,054$19,800$13,160$8,568$5,490$828
35 years$27,915$18,780$12,303$7,888$4,972$700
36 years$26,841$17,825$11,510$7,264$4,505$593
37 years$25,828$16,929$10,773$6,693$4,083$502
38 years$24,870$16,089$10,088$6,169$3,702$425
39 years$23,964$15,299$9,452$5,688$3,357$359
40 years$23,105$14,556$8,859$5,247$3,045$304
41 years$22,290$13,856$8,307$4,841$2,762$258
42 years$21,516$13,196$7,792$4,467$2,507$218
43 years$20,780$12,573$7,312$4,124$2,275$185
44 years$20,080$11,984$6,863$3,808$2,065$156
45 years$19,412$11,428$6,445$3,517$1,875$132
46 years$18,775$10,902$6,053$3,248$1,702$112
47 years$18,168$10,404$5,687$3,001$1,545$95
48 years$17,587$9,932$5,344$2,773$1,404$80
49 years$17,032$9,484$5,023$2,563$1,275$68
50 years$16,500$9,060$4,722$2,369$1,158$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $16,900,000, adding $4,501 every year, while hoping to spend $46,256 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: 40/34/26 Blend
66$16,900,000$16,900,000$16,900,000$16,900,000
67$18,628,443$17,732,743$17,470,793$19,230,247
68$20,479,328$18,552,431$18,006,848$20,486,075
69$22,517,453$19,410,734$18,559,311$21,839,157
70$24,761,868$20,309,494$19,128,683$23,302,149
71$27,233,563$21,250,645$19,715,479$24,885,130
72$29,955,670$22,236,210$20,320,231$26,599,162
73$32,953,677$23,268,313$20,943,487$28,456,385
74$36,255,670$24,349,178$21,585,812$30,470,124
75$39,892,599$25,481,138$22,247,787$32,655,010
76$43,898,569$26,666,639$22,930,013$35,027,110
77$48,311,161$27,908,242$23,633,106$37,604,070
78$53,171,788$29,208,634$24,357,703$40,405,274
79$58,526,084$30,570,631$25,104,460$43,452,019
80$64,424,338$31,997,186$25,874,053$46,767,706
81$70,921,965$33,491,392$26,667,179$50,378,053
82$78,080,029$35,056,494$27,484,553$54,311,328
83$85,965,823$36,695,893$28,326,917$58,598,604
84$94,653,500$38,413,154$29,195,030$63,274,044
85$104,224,772$40,212,015$30,089,680$68,375,212
86$114,769,688$42,096,393$31,011,673$73,943,416
87$126,387,477$44,070,396$31,961,844$80,024,085
88$139,187,484$46,138,331$32,941,051$86,667,186
89$153,290,210$48,304,711$33,950,179$93,927,682
90$168,828,441$50,574,271$34,990,139$101,866,040
91$185,948,503$52,951,972$36,061,871$110,548,782
92$204,811,649$55,443,017$37,166,341$120,049,104
93$225,595,572$58,052,859$38,304,548$130,447,547
94$248,496,088$60,787,218$39,477,519$141,832,743
95$273,728,985$63,652,087$40,686,312$154,302,233
96$301,532,056$66,653,754$41,932,017$167,963,371
97$332,167,345$69,798,808$43,215,760$182,934,321
98$365,923,624$73,094,158$44,538,697$199,345,146
99$403,119,111$76,547,050$45,902,021$217,339,025
100$444,104,484$80,165,079$47,306,962$237,073,573