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%12.8%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,434,348
2 years$744,029$730,172$716,743$703,722$691,092$674,036
3 years$491,092$477,176$463,780$450,882$438,457$421,819
4 years$364,649$350,775$337,513$324,835$312,711$296,620
5 years$288,802$275,012$261,924$249,504$237,718$222,221
6 years$238,255$224,568$211,674$199,531$188,098$173,214
7 years$202,163$188,592$175,902$164,045$152,974$138,709
8 years$175,107$161,658$149,179$137,613$126,907$113,259
9 years$154,074$140,752$128,487$117,216$106,874$93,838
10 years$137,258$124,066$112,018$101,041$91,062$78,629
11 years$123,508$110,449$98,619$87,936$78,316$66,476
12 years$112,059$99,133$87,522$77,132$67,867$56,607
13 years$102,378$89,587$78,195$68,096$59,182$48,487
14 years$94,087$81,432$70,259$60,448$51,878$41,734
15 years$86,908$74,390$63,434$53,909$45,678$36,068
16 years$80,633$68,251$57,512$48,270$40,370$31,278
17 years$75,102$62,857$52,334$43,370$35,795$27,203
18 years$70,190$58,083$47,774$39,085$31,827$23,717
19 years$65,801$53,830$43,735$35,317$28,368$20,722
20 years$61,856$50,022$40,138$31,986$25,339$18,138
21 years$58,291$46,593$36,919$29,029$22,676$15,902
22 years$55,055$43,493$34,027$26,394$20,325$13,960
23 years$52,104$40,678$31,417$24,038$18,245$12,270
24 years$49,403$38,113$29,056$21,924$16,399$10,796
25 years$46,922$35,767$26,912$20,022$14,757$9,507
26 years$44,636$33,615$24,959$18,307$13,292$8,379
27 years$42,523$31,636$23,177$16,757$11,984$7,390
28 years$40,564$29,810$21,546$15,353$10,814$6,522
29 years$38,743$28,123$20,050$14,079$9,764$5,759
30 years$37,047$26,559$18,676$12,921$8,823$5,087
31 years$35,464$25,107$17,411$11,867$7,977$4,496
32 years$33,982$23,756$16,245$10,906$7,215$3,974
33 years$32,594$22,498$15,168$10,029$6,530$3,515
34 years$31,289$21,323$14,172$9,228$5,912$3,109
35 years$30,062$20,224$13,250$8,494$5,355$2,751
36 years$28,906$19,196$12,395$7,823$4,852$2,435
37 years$27,815$18,231$11,601$7,208$4,397$2,155
38 years$26,783$17,326$10,864$6,644$3,987$1,908
39 years$25,807$16,476$10,179$6,126$3,615$1,690
40 years$24,882$15,675$9,540$5,650$3,279$1,496
41 years$24,005$14,921$8,946$5,213$2,975$1,325
42 years$23,171$14,211$8,392$4,811$2,699$1,174
43 years$22,379$13,540$7,874$4,441$2,450$1,040
44 years$21,624$12,906$7,391$4,101$2,224$921
45 years$20,905$12,307$6,940$3,787$2,019$816
46 years$20,220$11,741$6,518$3,498$1,833$723
47 years$19,565$11,204$6,124$3,232$1,664$641
48 years$18,940$10,696$5,755$2,986$1,511$568
49 years$18,342$10,214$5,409$2,760$1,373$503
50 years$17,770$9,757$5,085$2,551$1,247$446

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 $5,385 every year, while hoping to spend $33,151 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: 46/26/28 Blend
66$18,200,000$18,200,000$18,200,000$18,200,000
67$20,061,955$19,097,355$18,815,255$20,822,793
68$22,073,002$19,997,853$19,410,293$22,262,846
69$24,288,064$20,941,364$20,024,155$23,820,755
70$26,727,917$21,929,961$20,657,434$25,510,533
71$29,415,453$22,965,817$21,310,746$27,344,555
72$32,375,898$24,051,211$21,984,725$29,336,414
73$35,637,051$25,188,532$22,680,025$31,501,043
74$39,229,543$26,380,283$23,397,319$33,854,848
75$43,187,132$27,629,092$24,137,304$36,415,858
76$47,547,014$28,937,713$24,900,699$39,203,889
77$52,350,181$30,309,031$25,688,243$42,240,722
78$57,641,801$31,746,076$26,500,701$45,550,300
79$63,471,651$33,252,020$27,338,861$49,158,951
80$69,894,584$34,830,194$28,203,537$53,095,622
81$76,971,044$36,484,085$29,095,568$57,392,151
82$84,767,639$38,217,354$30,015,819$62,083,550
83$93,357,772$40,033,839$30,965,183$67,208,333
84$102,822,330$41,937,562$31,944,581$72,808,869
85$113,250,447$43,932,742$32,954,964$78,931,766
86$124,740,350$46,023,804$33,997,313$85,628,309
87$137,400,282$48,215,386$35,072,638$92,954,925
88$151,349,523$50,512,352$36,181,985$100,973,710
89$166,719,521$52,919,804$37,326,428$109,752,999
90$183,655,128$55,443,090$38,507,079$119,368,002
91$202,315,968$58,087,819$39,725,083$129,901,497
92$222,877,947$60,859,872$40,981,623$141,444,599
93$245,534,909$63,765,417$42,277,919$154,097,608
94$270,500,468$66,810,921$43,615,228$167,970,937
95$298,010,026$70,003,166$44,994,848$183,186,141
96$328,322,991$73,349,264$46,418,118$199,877,048
97$361,725,232$76,856,673$47,886,421$218,191,002
98$398,531,770$80,533,215$49,401,180$238,290,242
99$439,089,757$84,387,089$50,963,866$260,353,407
100$483,781,753$88,426,897$52,575,996$284,577,210