Can I retire at age 67 with 18,000,000?

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 $18,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,408,093
2 years$735,853$722,148$708,867$695,989$683,498$656,148
3 years$485,696$471,932$458,684$445,927$433,639$407,044
4 years$360,642$346,920$333,804$321,265$309,275$283,639
5 years$285,629$271,990$259,046$246,762$235,106$210,503
6 years$235,636$222,100$209,347$197,338$186,031$162,489
7 years$199,942$186,519$173,969$162,242$151,293$128,816
8 years$173,183$159,881$147,539$136,101$125,512$104,096
9 years$152,381$139,205$127,076$115,928$105,700$85,329
10 years$135,750$122,703$110,787$99,931$90,061$70,719
11 years$122,151$109,235$97,535$86,970$77,456$59,118
12 years$110,827$98,044$86,560$76,284$67,122$49,764
13 years$101,253$88,603$77,336$67,348$58,531$42,125
14 years$93,053$80,537$69,487$59,784$51,308$35,823
15 years$85,953$73,572$62,737$53,317$45,176$30,580
16 years$79,747$67,501$56,880$47,739$39,926$26,188
17 years$74,276$62,166$51,759$42,893$35,402$22,487
18 years$69,419$57,444$47,249$38,655$31,477$19,352
19 years$65,078$53,239$43,254$34,929$28,057$16,687
20 years$61,176$49,472$39,697$31,634$25,061$14,412
21 years$57,651$46,081$36,513$28,710$22,426$12,464
22 years$54,450$43,015$33,653$26,104$20,102$10,793
23 years$51,531$40,231$31,072$23,774$18,045$9,355
24 years$48,860$37,694$28,737$21,683$16,219$8,117
25 years$46,407$35,374$26,616$19,802$14,595$7,047
26 years$44,146$33,246$24,685$18,106$13,146$6,123
27 years$42,055$31,288$22,922$16,573$11,853$5,322
28 years$40,118$29,483$21,309$15,184$10,695$4,629
29 years$38,318$27,814$19,830$13,924$9,657$4,028
30 years$36,640$26,267$18,471$12,779$8,726$3,506
31 years$35,074$24,831$17,220$11,737$7,889$3,053
32 years$33,609$23,495$16,066$10,786$7,136$2,659
33 years$32,235$22,250$15,001$9,919$6,458$2,316
34 years$30,945$21,088$14,016$9,126$5,847$2,018
35 years$29,732$20,002$13,104$8,401$5,296$1,759
36 years$28,588$18,985$12,259$7,737$4,798$1,533
37 years$27,509$18,031$11,474$7,129$4,349$1,336
38 years$26,489$17,136$10,745$6,571$3,943$1,165
39 years$25,524$16,295$10,067$6,059$3,575$1,016
40 years$24,609$15,503$9,436$5,588$3,243$886
41 years$23,741$14,757$8,848$5,156$2,942$773
42 years$22,917$14,054$8,299$4,758$2,670$674
43 years$22,133$13,391$7,788$4,392$2,423$588
44 years$21,387$12,764$7,310$4,056$2,199$513
45 years$20,676$12,172$6,864$3,745$1,997$447
46 years$19,997$11,612$6,447$3,460$1,813$390
47 years$19,350$11,081$6,057$3,196$1,646$340
48 years$18,732$10,578$5,692$2,954$1,495$297
49 years$18,140$10,102$5,350$2,730$1,358$259
50 years$17,574$9,650$5,030$2,523$1,233$226

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $18,000,000, adding $2,241 every year, while hoping to spend $38,460 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: 83/12/5 Blend
66$18,000,000$18,000,000$18,000,000$18,000,000
67$19,838,312$18,884,312$18,605,312$21,483,684
68$21,820,898$19,768,722$19,187,668$23,442,486
69$24,004,420$20,695,179$19,788,245$25,587,442
70$26,409,331$21,665,703$20,407,612$27,941,415
71$29,058,171$22,682,411$21,046,355$30,525,321
72$31,975,779$23,747,523$21,705,082$33,362,186
73$35,189,523$24,863,367$22,384,417$36,477,371
74$38,729,564$26,032,381$23,085,005$39,898,802
75$42,629,136$27,257,125$23,807,509$43,657,234
76$46,924,863$28,540,279$24,552,616$47,786,538
77$51,657,103$29,884,656$25,321,032$52,324,019
78$56,870,326$31,293,203$26,113,486$57,310,761
79$62,613,541$32,769,012$26,930,729$62,792,018
80$68,940,751$34,315,322$27,773,537$68,817,632
81$75,911,465$35,935,531$28,642,709$75,442,505
82$83,591,264$37,633,201$29,539,068$82,727,110
83$92,052,412$39,412,067$30,463,467$90,738,059
84$101,374,545$41,276,045$31,416,779$99,548,730
85$111,645,418$43,229,241$32,399,911$109,239,953
86$122,961,736$45,275,959$33,413,793$119,900,772
87$135,430,066$47,420,714$34,459,388$131,629,275
88$149,167,842$49,668,238$35,537,687$144,533,523
89$164,304,474$52,023,494$36,649,712$158,732,559
90$180,982,570$54,491,685$37,796,517$174,357,532
91$199,359,282$57,078,267$38,979,190$191,552,924
92$219,607,788$59,788,962$40,198,852$210,477,913
93$241,918,928$62,629,766$41,456,659$231,307,868
94$266,503,005$65,606,972$42,753,804$254,235,999
95$293,591,772$68,727,173$44,091,516$279,475,174
96$323,440,614$71,997,286$45,471,064$307,259,920
97$356,330,967$75,424,563$46,893,754$337,848,637
98$392,572,966$79,016,608$48,360,936$371,526,020
99$432,508,382$82,781,394$49,874,000$408,605,747
100$476,513,838$86,727,284$51,434,381$449,433,430