Can I retire at age 67 with 17,600,000?

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 $17,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,348,298
2 years$719,501$706,101$693,114$680,522$668,309$613,420
3 years$474,902$461,445$448,491$436,017$424,003$371,104
4 years$352,627$339,211$326,386$314,126$302,402$251,897
5 years$279,281$265,945$253,289$241,279$229,881$181,898
6 years$230,400$217,164$204,695$192,953$181,897$136,467
7 years$195,499$182,374$170,103$158,637$147,931$105,038
8 years$169,334$156,328$144,261$133,077$122,723$82,324
9 years$148,995$136,112$124,252$113,352$103,351$65,386
10 years$132,733$119,976$108,325$97,710$88,060$52,456
11 years$119,437$106,808$95,368$85,037$75,735$42,409
12 years$108,364$95,865$84,637$74,589$65,630$34,494
13 years$99,003$86,634$75,617$65,851$57,231$28,191
14 years$90,985$78,748$67,942$58,455$50,168$23,128
15 years$84,043$71,937$61,343$52,132$44,172$19,033
16 years$77,975$66,001$55,616$46,678$39,039$15,702
17 years$72,626$60,785$50,609$41,940$34,615$12,981
18 years$67,876$56,168$46,199$37,796$30,778$10,749
19 years$63,632$52,056$42,293$34,152$27,433$8,913
20 years$59,817$48,373$38,815$30,932$24,504$7,399
21 years$56,369$45,057$35,702$28,072$21,928$6,148
22 years$53,240$42,059$32,905$25,524$19,655$5,113
23 years$50,386$39,337$30,382$23,245$17,644$4,254
24 years$47,775$36,856$28,098$21,201$15,859$3,542
25 years$45,376$34,588$26,024$19,362$14,270$2,950
26 years$43,165$32,507$24,136$17,704$12,854$2,458
27 years$41,121$30,593$22,413$16,205$11,589$2,049
28 years$39,227$28,828$20,835$14,847$10,457$1,708
29 years$37,466$27,196$19,389$13,615$9,443$1,424
30 years$35,826$25,683$18,060$12,495$8,532$1,188
31 years$34,295$24,279$16,837$11,476$7,714$991
32 years$32,862$22,973$15,709$10,547$6,978$826
33 years$31,519$21,756$14,668$9,698$6,315$689
34 years$30,258$20,620$13,705$8,923$5,717$575
35 years$29,071$19,557$12,813$8,214$5,178$480
36 years$27,953$18,563$11,986$7,565$4,692$401
37 years$26,898$17,630$11,219$6,970$4,252$334
38 years$25,900$16,755$10,506$6,425$3,855$279
39 years$24,956$15,933$9,843$5,924$3,496$233
40 years$24,062$15,159$9,226$5,464$3,171$194
41 years$23,213$14,429$8,651$5,041$2,877$162
42 years$22,407$13,742$8,115$4,652$2,610$135
43 years$21,641$13,093$7,615$4,295$2,369$113
44 years$20,911$12,481$7,148$3,966$2,150$94
45 years$20,216$11,902$6,711$3,662$1,952$79
46 years$19,553$11,354$6,304$3,383$1,772$66
47 years$18,920$10,835$5,922$3,125$1,610$55
48 years$18,315$10,343$5,565$2,888$1,462$46
49 years$17,737$9,877$5,231$2,669$1,328$38
50 years$17,184$9,435$4,918$2,467$1,206$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $17,600,000, adding $3,688 every year, while hoping to spend $56,302 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: 38/41/21 Blend
66$17,600,000$17,600,000$17,600,000$17,600,000
67$19,399,004$18,466,204$18,193,404$20,014,012
68$21,317,798$19,311,143$18,742,978$21,304,400
69$23,430,421$20,195,597$19,309,076$22,692,464
70$25,756,586$21,121,443$19,892,192$24,191,451
71$28,318,011$22,090,648$20,492,834$25,811,411
72$31,138,632$23,105,273$21,111,527$27,563,368
73$34,244,819$24,167,478$21,748,810$29,459,413
74$37,665,633$25,279,527$22,405,238$31,512,807
75$41,433,098$26,443,794$23,081,384$33,738,108
76$45,582,500$27,662,766$23,777,836$36,151,287
77$50,152,722$28,939,049$24,495,201$38,769,883
78$55,186,612$30,275,375$25,234,103$41,613,147
79$60,731,386$31,674,607$25,995,184$44,702,224
80$66,839,073$33,139,749$26,779,108$48,060,335
81$73,567,006$34,673,944$27,586,556$51,712,991
82$80,978,364$36,280,491$28,418,229$55,688,219
83$89,142,767$37,962,845$29,274,850$60,016,817
84$98,136,935$39,724,630$30,157,164$64,732,632
85$108,045,409$41,569,643$31,065,935$69,872,865
86$118,961,350$43,501,865$32,001,953$75,478,413
87$130,987,419$45,525,468$32,966,030$81,594,237
88$144,236,746$47,644,826$33,959,002$88,269,774
89$158,833,995$49,864,523$34,981,729$95,559,386
90$174,916,544$52,189,366$36,035,099$103,522,863
91$192,635,780$54,624,394$37,120,023$112,225,963
92$212,158,527$57,174,886$38,237,441$121,741,023
93$233,668,622$59,846,381$39,388,321$132,147,616
94$257,368,649$62,644,682$40,573,657$143,533,290
95$283,481,853$65,575,872$41,794,476$155,994,370
96$312,254,244$68,646,332$43,051,833$169,636,848
97$343,956,922$71,862,747$44,346,814$184,577,362
98$378,888,634$75,232,128$45,680,539$200,944,274
99$417,378,597$78,761,825$47,054,159$218,878,856
100$459,789,600$82,459,540$48,468,860$238,536,604