Can I retire at age 67 with 18,300,000?

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 $18,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,423,413
2 years$748,117$734,184$720,681$707,589$694,889$658,987
3 years$493,791$479,798$466,328$453,359$440,866$406,040
4 years$366,652$352,702$339,368$326,620$314,430$280,946
5 years$290,389$276,523$263,363$250,875$239,024$206,978
6 years$239,564$225,802$212,837$200,627$189,132$158,554
7 years$203,274$189,628$176,868$164,946$153,815$124,709
8 years$176,069$162,546$149,998$138,369$127,604$99,958
9 years$154,921$141,526$129,193$117,860$107,461$81,252
10 years$138,012$124,748$112,634$101,597$91,562$66,760
11 years$124,187$111,056$99,161$88,419$78,747$55,315
12 years$112,674$99,678$88,003$77,556$68,240$46,140
13 years$102,940$90,079$78,625$68,470$59,507$38,694
14 years$94,604$81,880$70,645$60,780$52,163$32,593
15 years$87,386$74,799$63,783$54,205$45,929$27,554
16 years$81,076$68,626$57,828$48,535$40,592$23,363
17 years$75,514$63,202$52,621$43,608$35,992$19,860
18 years$70,576$58,402$48,037$39,300$32,002$16,917
19 years$66,163$54,126$43,975$35,511$28,524$14,436
20 years$62,196$50,297$40,358$32,162$25,478$12,337
21 years$58,611$46,849$37,122$29,189$22,800$10,556
22 years$55,357$43,732$34,214$26,539$20,437$9,042
23 years$52,390$40,902$31,590$24,170$18,346$7,753
24 years$49,675$38,322$29,216$22,044$16,489$6,652
25 years$47,180$35,964$27,059$20,132$14,838$5,712
26 years$44,881$33,800$25,096$18,408$13,365$4,907
27 years$42,756$31,810$23,304$16,849$12,050$4,217
28 years$40,787$29,974$21,664$15,437$10,873$3,627
29 years$38,956$28,277$20,160$14,156$9,818$3,119
30 years$37,251$26,705$18,779$12,992$8,871$2,684
31 years$35,659$25,245$17,507$11,932$8,020$2,310
32 years$34,169$23,887$16,334$10,966$7,255$1,989
33 years$32,773$22,621$15,251$10,084$6,566$1,712
34 years$31,461$21,440$14,250$9,278$5,945$1,475
35 years$30,227$20,335$13,323$8,541$5,384$1,270
36 years$29,065$19,301$12,463$7,866$4,878$1,094
37 years$27,967$18,332$11,665$7,248$4,421$943
38 years$26,930$17,422$10,924$6,680$4,008$812
39 years$25,949$16,566$10,235$6,160$3,635$700
40 years$25,019$15,761$9,593$5,681$3,297$603
41 years$24,137$15,003$8,995$5,242$2,991$520
42 years$23,299$14,289$8,438$4,838$2,714$448
43 years$22,502$13,614$7,918$4,466$2,463$386
44 years$21,743$12,977$7,432$4,123$2,236$333
45 years$21,020$12,375$6,978$3,808$2,030$287
46 years$20,331$11,805$6,554$3,517$1,843$247
47 years$19,673$11,266$6,158$3,250$1,674$213
48 years$19,044$10,755$5,786$3,003$1,520$184
49 years$18,443$10,270$5,439$2,775$1,380$158
50 years$17,867$9,810$5,113$2,565$1,254$136

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $18,300,000, adding $3,040 every year, while hoping to spend $23,407 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: 70/8/22 Blend
66$18,300,000$18,300,000$18,300,000$18,300,000
67$20,169,736$19,199,836$18,916,186$21,470,898
68$22,202,144$20,115,723$19,524,973$23,256,298
69$24,441,073$21,075,704$20,153,370$25,206,913
70$26,907,564$22,081,915$20,802,010$27,341,553
71$29,624,802$23,136,595$21,471,544$29,678,441
72$32,618,338$24,242,094$22,162,646$32,237,635
73$35,916,326$25,400,874$22,876,012$35,041,219
74$39,549,793$26,615,519$23,612,360$38,113,507
75$43,552,928$27,888,736$24,372,431$41,481,270
76$47,963,409$29,223,366$25,156,989$45,173,982
77$52,822,753$30,622,387$25,966,825$49,224,102
78$58,176,713$32,088,923$26,802,753$53,667,369
79$64,075,707$33,626,250$27,665,614$58,543,143
80$70,575,295$35,237,802$28,556,279$63,894,768
81$77,736,703$36,927,182$29,475,642$69,769,981
82$85,627,401$38,698,168$30,424,630$76,221,354
83$94,321,738$40,554,721$31,404,197$83,306,793
84$103,901,649$42,500,996$32,415,332$91,090,072
85$114,457,422$44,541,350$33,459,050$99,641,439
86$126,088,555$46,680,352$34,536,404$109,038,268
87$138,904,693$48,922,794$35,648,478$119,365,788
88$153,026,662$51,273,701$36,796,393$130,717,881
89$168,587,614$53,738,345$37,981,304$143,197,966
90$185,734,277$56,322,251$39,204,405$156,919,965
91$204,628,349$59,031,216$40,466,928$172,009,376
92$225,448,015$61,871,320$41,770,144$188,604,452
93$248,389,635$64,848,937$43,115,366$206,857,500
94$273,669,597$67,970,754$44,503,950$226,936,308
95$301,526,358$71,243,784$45,937,295$249,025,731
96$332,222,696$74,675,379$47,416,844$273,329,421
97$366,048,191$78,273,252$48,944,089$300,071,746
98$403,321,958$82,045,494$50,520,567$329,499,900
99$444,395,661$86,000,585$52,147,869$361,886,229
100$489,656,829$90,147,425$53,827,633$397,530,795