Can I retire at age 67 with 17,800,000?

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 $17,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,389,602
2 years$727,677$714,125$700,990$688,256$675,903$646,026
3 years$480,299$466,688$453,587$440,972$428,821$399,793
4 years$356,634$343,065$330,095$317,696$305,839$277,885
5 years$282,455$268,967$256,167$244,021$232,494$205,692
6 years$233,018$219,632$207,021$195,145$183,964$158,344
7 years$197,720$184,447$172,036$160,440$149,612$125,178
8 years$171,259$158,105$145,900$134,589$124,118$100,862
9 years$150,688$137,659$125,664$114,640$104,525$82,432
10 years$134,242$121,339$109,556$98,821$89,061$68,107
11 years$120,794$108,021$96,452$86,004$76,595$56,755
12 years$109,596$96,954$85,598$75,437$66,376$47,620
13 years$100,128$87,618$76,477$66,599$57,881$40,176
14 years$92,019$79,643$68,715$59,119$50,738$34,050
15 years$84,998$72,755$62,040$52,724$44,674$28,967
16 years$78,861$66,751$56,248$47,209$39,483$24,719
17 years$73,451$61,475$51,184$42,417$35,008$21,149
18 years$68,648$56,806$46,724$38,226$31,128$18,135
19 years$64,355$52,647$42,774$34,540$27,745$15,579
20 years$60,497$48,922$39,256$31,283$24,782$13,405
21 years$57,010$45,569$36,108$28,391$22,177$11,549
22 years$53,845$42,537$33,279$25,814$19,879$9,962
23 years$50,959$39,784$30,727$23,510$17,844$8,602
24 years$48,317$37,275$28,417$21,442$16,039$7,433
25 years$45,891$34,981$26,320$19,582$14,433$6,428
26 years$43,655$32,876$24,411$17,905$13,000$5,563
27 years$41,588$30,941$22,667$16,389$11,721$4,816
28 years$39,672$29,155$21,072$15,016$10,576$4,172
29 years$37,892$27,505$19,610$13,770$9,550$3,615
30 years$36,233$25,975$18,266$12,637$8,629$3,134
31 years$34,684$24,555$17,028$11,606$7,801$2,717
32 years$33,235$23,234$15,888$10,666$7,057$2,357
33 years$31,877$22,003$14,835$9,809$6,386$2,045
34 years$30,602$20,854$13,861$9,025$5,782$1,774
35 years$29,401$19,780$12,959$8,308$5,237$1,540
36 years$28,271$18,774$12,122$7,651$4,745$1,336
37 years$27,203$17,831$11,346$7,050$4,301$1,160
38 years$26,195$16,946$10,625$6,498$3,899$1,007
39 years$25,240$16,114$9,955$5,991$3,536$874
40 years$24,335$15,331$9,331$5,526$3,207$759
41 years$23,477$14,593$8,749$5,099$2,909$659
42 years$22,662$13,898$8,207$4,705$2,640$573
43 years$21,887$13,242$7,701$4,344$2,396$497
44 years$21,149$12,623$7,229$4,011$2,175$432
45 years$20,446$12,037$6,788$3,704$1,974$375
46 years$19,775$11,483$6,375$3,421$1,793$326
47 years$19,135$10,958$5,989$3,161$1,628$283
48 years$18,524$10,461$5,628$2,921$1,478$246
49 years$17,939$9,990$5,290$2,699$1,343$214
50 years$17,379$9,542$4,974$2,495$1,220$186

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $17,800,000, adding $4,713 every year, while hoping to spend $47,986 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: 64/27/9 Blend
66$17,800,000$17,800,000$17,800,000$17,800,000
67$19,620,461$18,677,061$18,401,161$20,839,011
68$21,570,692$19,541,181$18,966,544$22,516,362
69$23,718,237$20,446,034$19,549,258$24,341,596
70$26,083,174$21,393,565$20,149,834$26,333,906
71$28,687,622$22,385,815$20,768,818$28,509,520
72$31,555,959$23,424,919$21,406,773$30,886,290
73$34,715,046$24,513,119$22,064,279$33,483,848
74$38,194,482$25,652,763$22,741,934$36,323,791
75$42,026,883$26,846,312$23,440,352$39,429,877
76$46,248,190$28,096,347$24,160,169$42,828,245
77$50,898,010$29,405,573$24,902,039$46,547,655
78$56,019,985$30,776,824$25,666,636$50,619,753
79$61,662,209$32,213,073$26,454,653$55,079,366
80$67,877,677$33,717,437$27,266,807$59,964,819
81$74,724,789$35,293,181$28,103,835$65,318,295
82$82,267,901$36,943,729$28,966,496$71,186,221
83$90,577,926$38,672,672$29,855,573$77,619,705
84$99,733,014$40,483,771$30,771,874$84,675,001
85$109,819,278$42,380,973$31,716,229$92,414,041
86$120,931,617$44,368,414$32,689,495$100,905,004
87$133,174,604$46,450,428$33,692,555$110,222,955
88$146,663,476$48,631,561$34,726,318$120,450,541
89$161,525,222$50,916,580$35,791,721$131,678,762
90$177,899,782$53,310,479$36,889,731$144,007,819
91$195,941,365$55,818,498$38,021,343$157,548,049
92$215,819,908$58,446,128$39,187,581$172,420,956
93$237,722,676$61,199,126$40,389,502$188,760,345
94$261,856,035$64,083,528$41,628,196$206,713,571
95$288,447,394$67,105,665$42,904,784$226,442,920
96$317,747,355$70,272,170$44,220,422$248,127,123
97$350,032,081$73,590,001$45,576,302$271,963,033
98$385,605,895$77,066,453$46,973,649$298,167,465
99$424,804,160$80,709,173$48,413,730$326,979,226
100$467,996,441$84,526,180$49,897,848$358,661,358