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%12.1%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,414,821
2 years$731,765$718,137$704,928$692,122$679,701$667,054
3 years$482,997$469,310$456,135$443,449$431,230$418,878
4 years$358,638$344,993$331,950$319,480$307,557$295,596
5 years$284,042$270,478$257,607$245,392$233,800$222,265
6 years$234,327$220,866$208,184$196,242$184,998$173,903
7 years$198,831$185,483$173,002$161,341$150,453$139,803
8 years$172,221$158,993$146,720$135,345$124,815$114,610
9 years$151,535$138,432$126,370$115,284$105,112$95,349
10 years$134,996$122,021$110,172$99,376$89,561$80,233
11 years$121,473$108,628$96,994$86,487$77,025$68,127
12 years$110,211$97,499$86,079$75,860$66,749$58,270
13 years$100,690$88,110$76,906$66,973$58,206$50,138
14 years$92,536$80,090$69,101$59,452$51,023$43,356
15 years$85,476$73,164$62,388$53,020$44,925$37,647
16 years$79,304$67,126$56,564$47,474$39,705$32,805
17 years$73,864$61,821$51,471$42,655$35,205$28,671
18 years$69,033$57,125$46,987$38,441$31,303$25,122
19 years$64,717$52,943$43,014$34,734$27,901$22,061
20 years$60,836$49,197$39,476$31,459$24,921$19,410
21 years$57,330$45,825$36,310$28,551$22,302$17,105
22 years$54,147$42,776$33,466$25,959$19,990$15,096
23 years$51,245$40,008$30,900$23,642$17,945$13,340
24 years$48,589$37,485$28,577$21,562$16,129$11,801
25 years$46,149$35,177$26,468$19,692$14,514$10,449
26 years$43,900$33,061$24,548$18,005$13,073$9,260
27 years$41,822$31,114$22,795$16,481$11,787$8,213
28 years$39,895$29,319$21,191$15,100$10,635$7,288
29 years$38,105$27,659$19,720$13,847$9,603$6,472
30 years$36,437$26,121$18,368$12,708$8,677$5,750
31 years$34,879$24,693$17,124$11,671$7,845$5,111
32 years$33,422$23,365$15,977$10,726$7,096$4,544
33 years$32,056$22,127$14,918$9,864$6,422$4,042
34 years$30,773$20,971$13,938$9,075$5,815$3,597
35 years$29,567$19,891$13,031$8,354$5,267$3,201
36 years$28,429$18,879$12,191$7,694$4,772$2,850
37 years$27,356$17,931$11,410$7,089$4,325$2,538
38 years$26,342$17,041$10,685$6,534$3,921$2,260
39 years$25,382$16,204$10,011$6,025$3,556$2,013
40 years$24,472$15,417$9,383$5,557$3,225$1,794
41 years$23,609$14,675$8,798$5,127$2,926$1,598
42 years$22,789$13,976$8,253$4,732$2,655$1,424
43 years$22,010$13,317$7,745$4,368$2,409$1,270
44 years$21,268$12,694$7,270$4,033$2,187$1,132
45 years$20,561$12,104$6,826$3,725$1,985$1,009
46 years$19,886$11,547$6,411$3,441$1,803$899
47 years$19,243$11,020$6,023$3,179$1,637$802
48 years$18,628$10,520$5,660$2,937$1,487$715
49 years$18,039$10,046$5,320$2,714$1,350$637
50 years$17,477$9,596$5,002$2,509$1,226$568

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 $2,899 every year, while hoping to spend $31,593 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: 49/42/9 Blend
66$17,900,000$17,900,000$17,900,000$17,900,000
67$19,728,790$18,780,090$18,502,640$20,648,087
68$21,707,512$19,666,700$19,088,864$22,164,401
69$23,887,005$20,595,695$19,693,667$23,806,914
70$26,287,714$21,569,118$20,317,640$25,590,238
71$28,932,168$22,589,112$20,961,388$27,527,541
72$31,845,195$23,657,924$21,625,540$29,633,276
73$35,054,151$24,777,909$22,310,742$31,923,314
74$38,589,185$25,951,537$23,017,663$34,415,083
75$42,483,517$27,181,397$23,746,989$37,127,728
76$46,773,755$28,470,205$24,499,432$40,082,279
77$51,500,240$29,820,807$25,275,726$43,301,842
78$56,707,427$31,236,189$26,076,625$46,811,806
79$62,444,303$32,719,481$26,902,910$50,640,077
80$68,764,851$34,273,965$27,755,387$54,817,323
81$75,728,558$35,903,082$28,634,885$59,377,262
82$83,400,980$37,610,441$29,542,262$64,356,961
83$91,854,353$39,399,827$30,478,402$69,797,176
84$101,168,285$41,275,206$31,444,216$75,742,727
85$111,430,498$43,240,739$32,440,645$82,242,902
86$122,737,663$45,300,790$33,468,661$89,351,915
87$135,196,309$47,459,932$34,529,265$97,129,398
88$148,923,827$49,722,964$35,623,491$105,640,950
89$164,049,584$52,094,916$36,752,404$114,958,741
90$180,716,137$54,581,062$37,917,105$125,162,176
91$199,080,583$57,186,934$39,118,728$136,338,629
92$219,316,042$59,918,334$40,358,445$148,584,243
93$241,613,289$62,781,342$41,637,463$162,004,827
94$266,182,556$65,782,340$42,957,030$176,716,827
95$293,255,517$68,928,014$44,318,430$192,848,411
96$323,087,473$72,225,380$45,722,991$210,540,649
97$355,959,765$75,681,794$47,172,081$229,948,829
98$392,182,428$79,304,969$48,667,113$251,243,893
99$432,097,119$83,102,995$50,209,544$274,614,029
100$476,080,338$87,084,355$51,800,877$300,266,417