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

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,315,051
2 years$690,884$678,017$665,547$653,456$641,728$609,102
3 years$456,014$443,092$430,653$418,676$407,139$375,484
4 years$338,602$325,719$313,405$301,632$290,375$259,936
5 years$268,174$255,368$243,215$231,683$220,738$191,599
6 years$221,236$208,527$196,554$185,278$174,663$146,853
7 years$187,723$175,121$163,337$152,328$142,048$115,572
8 years$162,599$150,111$138,523$127,784$117,842$92,688
9 years$143,069$130,698$119,310$108,843$99,240$75,388
10 years$127,454$115,204$104,017$93,824$84,558$61,980
11 years$114,686$102,560$91,575$81,655$72,722$51,388
12 years$104,054$92,052$81,270$71,622$63,020$42,892
13 years$95,065$83,188$72,610$63,232$54,954$35,995
14 years$87,366$75,616$65,240$56,130$48,173$30,340
15 years$80,700$69,076$58,903$50,058$42,415$25,667
16 years$74,873$63,376$53,404$44,822$37,487$21,779
17 years$69,737$58,367$48,596$40,272$33,238$18,526
18 years$65,177$53,934$44,362$36,293$29,554$15,793
19 years$61,101$49,985$40,611$32,794$26,342$13,487
20 years$57,438$46,449$37,271$29,701$23,529$11,534
21 years$54,127$43,265$34,282$26,956$21,056$9,877
22 years$51,122$40,386$31,596$24,509$18,874$8,467
23 years$48,382$37,773$29,173$22,321$16,942$7,265
24 years$45,874$35,391$26,980$20,358$15,228$6,239
25 years$43,571$33,212$24,989$18,592$13,703$5,361
26 years$41,448$31,214$23,176$17,000$12,343$4,609
27 years$39,485$29,376$21,521$15,560$11,128$3,965
28 years$37,666$27,681$20,007$14,256$10,041$3,412
29 years$35,976$26,114$18,618$13,073$9,067$2,938
30 years$34,401$24,662$17,342$11,998$8,193$2,530
31 years$32,931$23,314$16,167$11,019$7,407$2,179
32 years$31,555$22,059$15,084$10,127$6,700$1,877
33 years$30,265$20,891$14,084$9,313$6,064$1,618
34 years$29,054$19,800$13,160$8,568$5,490$1,394
35 years$27,915$18,780$12,303$7,888$4,972$1,202
36 years$26,841$17,825$11,510$7,264$4,505$1,036
37 years$25,828$16,929$10,773$6,693$4,083$894
38 years$24,870$16,089$10,088$6,169$3,702$770
39 years$23,964$15,299$9,452$5,688$3,357$664
40 years$23,105$14,556$8,859$5,247$3,045$573
41 years$22,290$13,856$8,307$4,841$2,762$494
42 years$21,516$13,196$7,792$4,467$2,507$426
43 years$20,780$12,573$7,312$4,124$2,275$368
44 years$20,080$11,984$6,863$3,808$2,065$317
45 years$19,412$11,428$6,445$3,517$1,875$274
46 years$18,775$10,902$6,053$3,248$1,702$236
47 years$18,168$10,404$5,687$3,001$1,545$204
48 years$17,587$9,932$5,344$2,773$1,404$176
49 years$17,032$9,484$5,023$2,563$1,275$152
50 years$16,500$9,060$4,722$2,369$1,158$131

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 $5,844 every year, while hoping to spend $20,631 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: 59/18/23 Blend
66$16,900,000$16,900,000$16,900,000$16,900,000
67$18,629,828$17,734,128$17,472,178$19,614,061
68$20,508,119$18,581,149$18,035,545$21,131,285
69$22,577,305$19,468,983$18,617,093$22,782,558
70$24,856,834$20,399,607$19,217,410$24,583,136
71$27,368,139$21,375,096$19,837,101$26,547,489
72$30,134,839$22,397,625$20,476,794$28,691,532
73$33,182,959$23,469,476$21,137,133$31,032,771
74$36,541,180$24,593,039$21,818,786$33,590,465
75$40,241,107$25,770,824$22,522,442$36,385,799
76$44,317,567$27,005,462$23,248,811$39,442,084
77$48,808,940$28,299,711$23,998,627$42,784,968
78$53,757,519$29,656,463$24,772,648$46,442,675
79$59,209,910$31,078,754$25,571,656$50,446,268
80$65,217,472$32,569,765$26,396,457$54,829,932
81$71,836,803$34,132,831$27,247,887$59,631,293
82$79,130,270$35,771,453$28,126,805$64,891,766
83$87,166,604$37,489,301$29,034,099$70,656,944
84$96,021,542$39,290,221$29,970,686$76,977,013
85$105,778,549$41,178,251$30,937,513$83,907,228
86$116,529,598$43,157,623$31,935,557$91,508,421
87$128,376,046$45,232,776$32,965,828$99,847,568
88$141,429,586$47,408,365$34,029,366$108,998,417
89$155,813,301$49,689,272$35,127,247$119,042,172
90$171,662,828$52,080,617$36,260,580$130,068,252
91$189,127,639$54,587,770$37,430,512$142,175,127
92$208,372,450$57,216,362$38,638,226$155,471,237
93$229,578,776$59,972,300$39,884,943$170,076,005
94$252,946,646$62,861,778$41,171,923$186,120,955
95$278,696,490$65,891,291$42,500,468$203,750,941
96$307,071,221$69,067,652$43,871,923$223,125,508
97$338,338,526$72,398,008$45,287,673$244,420,380
98$372,793,396$75,889,851$46,749,151$267,829,108
99$410,760,911$79,551,042$48,257,835$293,564,889
100$452,599,303$83,389,822$49,815,252$321,862,558