Can I retire at age 67 with 17,900,000?

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 $17,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,393,431
2 years$731,765$718,137$704,928$692,122$679,701$645,705
3 years$482,997$469,310$456,135$443,449$431,230$398,241
4 years$358,638$344,993$331,950$319,480$307,557$275,829
5 years$284,042$270,478$257,607$245,392$233,800$203,421
6 years$234,327$220,866$208,184$196,242$184,998$155,999
7 years$198,831$185,483$173,002$161,341$150,453$122,839
8 years$172,221$158,993$146,720$135,345$124,815$98,574
9 years$151,535$138,432$126,370$115,284$105,112$80,224
10 years$134,996$122,021$110,172$99,376$89,561$65,997
11 years$121,473$108,628$96,994$86,487$77,025$54,752
12 years$110,211$97,499$86,079$75,860$66,749$45,730
13 years$100,690$88,110$76,906$66,973$58,206$38,402
14 years$92,536$80,090$69,101$59,452$51,023$32,392
15 years$85,476$73,164$62,388$53,020$44,925$27,422
16 years$79,304$67,126$56,564$47,474$39,705$23,284
17 years$73,864$61,821$51,471$42,655$35,205$19,821
18 years$69,033$57,125$46,987$38,441$31,303$16,909
19 years$64,717$52,943$43,014$34,734$27,901$14,451
20 years$60,836$49,197$39,476$31,459$24,921$12,368
21 years$57,330$45,825$36,310$28,551$22,302$10,599
22 years$54,147$42,776$33,466$25,959$19,990$9,094
23 years$51,245$40,008$30,900$23,642$17,945$7,809
24 years$48,589$37,485$28,577$21,562$16,129$6,711
25 years$46,149$35,177$26,468$19,692$14,514$5,771
26 years$43,900$33,061$24,548$18,005$13,073$4,966
27 years$41,822$31,114$22,795$16,481$11,787$4,275
28 years$39,895$29,319$21,191$15,100$10,635$3,682
29 years$38,105$27,659$19,720$13,847$9,603$3,173
30 years$36,437$26,121$18,368$12,708$8,677$2,734
31 years$34,879$24,693$17,124$11,671$7,845$2,357
32 years$33,422$23,365$15,977$10,726$7,096$2,033
33 years$32,056$22,127$14,918$9,864$6,422$1,753
34 years$30,773$20,971$13,938$9,075$5,815$1,512
35 years$29,567$19,891$13,031$8,354$5,267$1,305
36 years$28,429$18,879$12,191$7,694$4,772$1,126
37 years$27,356$17,931$11,410$7,089$4,325$971
38 years$26,342$17,041$10,685$6,534$3,921$838
39 years$25,382$16,204$10,011$6,025$3,556$724
40 years$24,472$15,417$9,383$5,557$3,225$625
41 years$23,609$14,675$8,798$5,127$2,926$539
42 years$22,789$13,976$8,253$4,732$2,655$465
43 years$22,010$13,317$7,745$4,368$2,409$402
44 years$21,268$12,694$7,270$4,033$2,187$347
45 years$20,561$12,104$6,826$3,725$1,985$300
46 years$19,886$11,547$6,411$3,441$1,803$259
47 years$19,243$11,020$6,023$3,179$1,637$223
48 years$18,628$10,520$5,660$2,937$1,487$193
49 years$18,039$10,046$5,320$2,714$1,350$166
50 years$17,477$9,596$5,002$2,509$1,226$144

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $17,900,000, adding $6,435 every year, while hoping to spend $30,157 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: 47/40/13 Blend
66$17,900,000$17,900,000$17,900,000$17,900,000
67$19,732,438$18,783,738$18,506,288$20,587,810
68$21,713,060$19,672,054$19,094,162$22,068,159
69$23,894,694$20,602,887$19,700,718$23,670,259
70$26,297,813$21,578,288$20,326,552$25,408,367
71$28,944,974$22,600,409$20,972,276$27,295,154
72$31,861,037$23,671,504$21,638,523$29,344,524
73$35,073,393$24,793,939$22,325,944$31,571,746
74$38,612,230$25,970,193$23,035,214$33,993,586
75$42,510,811$27,202,865$23,767,027$36,628,457
76$46,805,791$28,494,683$24,522,100$39,496,584
77$51,537,564$29,848,505$25,301,172$42,620,187
78$56,750,641$31,267,327$26,105,007$46,023,681
79$62,494,074$32,754,294$26,934,393$49,733,897
80$68,821,915$34,312,700$27,790,141$53,780,323
81$75,793,730$35,946,002$28,673,090$58,195,373
82$83,475,158$37,657,823$29,584,105$63,014,679
83$91,938,530$39,451,963$30,524,079$68,277,422
84$101,263,558$41,332,406$31,493,933$74,026,681
85$111,538,077$43,303,331$32,494,617$80,309,832
86$122,858,886$45,369,119$33,527,111$87,178,980
87$135,332,650$47,534,364$34,592,428$94,691,436
88$149,076,917$49,803,884$35,691,610$102,910,244
89$164,221,219$52,182,731$36,825,736$111,904,759
90$180,908,302$54,676,203$37,995,916$121,751,286
91$199,295,467$57,289,855$39,203,298$132,533,784
92$219,556,060$60,029,514$40,449,064$144,344,640
93$241,881,107$62,901,288$41,734,436$157,285,520
94$266,481,113$65,911,585$43,060,673$171,468,312
95$293,588,056$69,067,122$44,429,075$187,016,160
96$323,457,572$72,374,946$45,840,983$204,064,605
97$356,371,371$75,842,444$47,297,782$222,762,842
98$392,639,892$79,477,365$48,800,899$243,275,102
99$432,605,240$83,287,835$50,351,808$265,782,184
100$476,644,409$87,282,374$51,952,029$290,483,128