Can I retire at age 67 with 18,200,000?

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 $18,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,426,077
2 years$744,029$730,172$716,743$703,722$691,092$665,769
3 years$491,092$477,176$463,780$450,882$438,457$413,816
4 years$364,649$350,775$337,513$324,835$312,711$288,942
5 years$288,802$275,012$261,924$249,504$237,718$214,888
6 years$238,255$224,568$211,674$199,531$188,098$166,234
7 years$202,163$188,592$175,902$164,045$152,974$132,082
8 years$175,107$161,658$149,179$137,613$126,907$106,982
9 years$154,074$140,752$128,487$117,216$106,874$87,905
10 years$137,258$124,066$112,018$101,041$91,062$73,033
11 years$123,508$110,449$98,619$87,936$78,316$61,207
12 years$112,059$99,133$87,522$77,132$67,867$51,655
13 years$102,378$89,587$78,195$68,096$59,182$43,841
14 years$94,087$81,432$70,259$60,448$51,878$37,384
15 years$86,908$74,390$63,434$53,909$45,678$32,001
16 years$80,633$68,251$57,512$48,270$40,370$27,482
17 years$75,102$62,857$52,334$43,370$35,795$23,665
18 years$70,190$58,083$47,774$39,085$31,827$20,426
19 years$65,801$53,830$43,735$35,317$28,368$17,664
20 years$61,856$50,022$40,138$31,986$25,339$15,302
21 years$58,291$46,593$36,919$29,029$22,676$13,274
22 years$55,055$43,493$34,027$26,394$20,325$11,530
23 years$52,104$40,678$31,417$24,038$18,245$10,025
24 years$49,403$38,113$29,056$21,924$16,399$8,725
25 years$46,922$35,767$26,912$20,022$14,757$7,599
26 years$44,636$33,615$24,959$18,307$13,292$6,624
27 years$42,523$31,636$23,177$16,757$11,984$5,776
28 years$40,564$29,810$21,546$15,353$10,814$5,040
29 years$38,743$28,123$20,050$14,079$9,764$4,400
30 years$37,047$26,559$18,676$12,921$8,823$3,842
31 years$35,464$25,107$17,411$11,867$7,977$3,357
32 years$33,982$23,756$16,245$10,906$7,215$2,933
33 years$32,594$22,498$15,168$10,029$6,530$2,564
34 years$31,289$21,323$14,172$9,228$5,912$2,242
35 years$30,062$20,224$13,250$8,494$5,355$1,960
36 years$28,906$19,196$12,395$7,823$4,852$1,714
37 years$27,815$18,231$11,601$7,208$4,397$1,500
38 years$26,783$17,326$10,864$6,644$3,987$1,312
39 years$25,807$16,476$10,179$6,126$3,615$1,148
40 years$24,882$15,675$9,540$5,650$3,279$1,004
41 years$24,005$14,921$8,946$5,213$2,975$879
42 years$23,171$14,211$8,392$4,811$2,699$769
43 years$22,379$13,540$7,874$4,441$2,450$673
44 years$21,624$12,906$7,391$4,101$2,224$589
45 years$20,905$12,307$6,940$3,787$2,019$516
46 years$20,220$11,741$6,518$3,498$1,833$452
47 years$19,565$11,204$6,124$3,232$1,664$395
48 years$18,940$10,696$5,755$2,986$1,511$346
49 years$18,342$10,214$5,409$2,760$1,373$303
50 years$17,770$9,757$5,085$2,551$1,247$265

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $18,200,000, adding $6,500 every year, while hoping to spend $40,824 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: 76/19/5 Blend
66$18,200,000$18,200,000$18,200,000$18,200,000
67$20,063,105$19,098,505$18,816,405$21,581,519
68$22,066,105$19,990,895$19,403,318$23,471,700
69$24,272,043$20,925,644$20,008,524$25,536,918
70$26,701,575$21,904,785$20,632,594$27,799,226
71$29,377,464$22,930,447$21,276,114$30,278,144
72$32,324,792$24,004,866$21,939,690$32,995,155
73$35,571,199$25,130,382$22,623,948$35,973,908
74$39,147,141$26,309,450$23,329,530$39,240,434
75$43,086,181$27,544,645$24,057,101$42,823,388
76$47,425,303$28,838,664$24,807,345$46,754,320
77$52,205,262$30,194,337$25,580,969$51,067,963
78$57,470,968$31,614,629$26,378,701$55,802,558
79$63,271,910$33,102,650$27,201,291$61,000,213
80$69,662,624$34,661,658$28,049,514$66,707,292
81$76,703,206$36,295,074$28,924,166$72,974,850
82$84,459,879$38,006,478$29,826,072$79,859,106
83$93,005,621$39,799,630$30,756,079$87,421,974
84$102,420,849$41,678,467$31,715,063$95,731,635
85$112,794,184$43,647,120$32,703,926$104,863,181
86$124,223,280$45,709,919$33,723,597$114,899,311
87$136,815,754$47,871,403$34,775,036$125,931,109
88$150,690,193$50,136,334$35,859,232$138,058,897
89$165,977,280$52,509,702$36,977,204$151,393,171
90$182,821,026$54,996,741$38,130,004$166,055,640
91$201,380,128$57,602,938$39,318,716$182,180,366
92$221,829,465$60,334,047$40,544,457$199,915,020
93$244,361,754$63,196,099$41,808,381$219,422,267
94$269,189,367$66,195,421$43,111,675$240,881,294
95$296,546,331$69,338,645$44,455,565$264,489,491
96$326,690,544$72,632,727$45,841,314$290,464,304
97$359,906,206$76,084,957$47,270,224$319,045,277
98$396,506,503$79,702,983$48,743,641$350,496,303
99$436,836,560$83,494,824$50,262,947$385,108,102
100$481,276,705$87,468,886$51,829,571$423,200,954