Can I retire at age 67 with 18,400,000?

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 $18,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,413,497
2 years$752,205$738,196$724,619$711,455$698,687$645,138
3 years$496,489$482,419$468,877$455,836$443,275$391,607
4 years$368,656$354,629$341,222$328,404$316,148$266,753
5 years$291,976$278,034$264,802$252,246$240,331$193,339
6 years$240,873$227,035$214,000$201,723$190,165$145,611
7 years$204,385$190,664$177,835$165,848$154,655$112,526
8 years$177,031$163,434$150,818$139,126$128,302$88,561
9 years$155,768$142,299$129,899$118,504$108,048$70,642
10 years$138,767$125,430$113,249$102,152$92,063$56,925
11 years$124,866$111,663$99,703$88,903$79,177$46,232
12 years$113,290$100,222$88,484$77,980$68,613$37,781
13 years$103,503$90,572$79,054$68,844$59,832$31,025
14 years$95,121$82,327$71,031$61,112$52,448$25,579
15 years$87,863$75,207$64,131$54,501$46,180$21,155
16 years$81,519$69,001$58,144$48,800$40,814$17,542
17 years$75,927$63,548$52,909$43,846$36,188$14,577
18 years$70,962$58,721$48,299$39,514$32,177$12,134
19 years$66,524$54,422$44,216$35,705$28,680$10,115
20 years$62,536$50,571$40,579$32,337$25,617$8,442
21 years$58,932$47,105$37,325$29,348$22,925$7,053
22 years$55,660$43,971$34,400$26,684$20,549$5,897
23 years$52,677$41,125$31,763$24,302$18,446$4,934
24 years$49,946$38,532$29,375$22,165$16,580$4,131
25 years$47,438$36,160$27,207$20,242$14,919$3,460
26 years$45,127$33,985$25,233$18,508$13,439$2,899
27 years$42,990$31,984$23,431$16,941$12,116$2,430
28 years$41,010$30,138$21,783$15,522$10,932$2,037
29 years$39,169$28,432$20,270$14,234$9,872$1,709
30 years$37,454$26,851$18,881$13,063$8,920$1,433
31 years$35,854$25,383$17,602$11,997$8,064$1,202
32 years$34,356$24,017$16,423$11,026$7,295$1,009
33 years$32,952$22,745$15,335$10,139$6,602$846
34 years$31,633$21,557$14,328$9,329$5,977$710
35 years$30,392$20,446$13,395$8,588$5,414$596
36 years$29,223$19,407$12,531$7,909$4,905$500
37 years$28,120$18,432$11,729$7,287$4,446$420
38 years$27,078$17,517$10,984$6,717$4,030$353
39 years$26,091$16,657$10,290$6,193$3,655$296
40 years$25,156$15,848$9,645$5,712$3,315$248
41 years$24,269$15,085$9,044$5,270$3,008$209
42 years$23,426$14,367$8,484$4,864$2,729$175
43 years$22,625$13,689$7,961$4,490$2,477$147
44 years$21,862$13,048$7,473$4,146$2,248$123
45 years$21,135$12,443$7,017$3,829$2,041$104
46 years$20,442$11,870$6,590$3,537$1,853$87
47 years$19,780$11,327$6,191$3,267$1,683$73
48 years$19,148$10,813$5,818$3,019$1,528$61
49 years$18,543$10,326$5,469$2,790$1,388$51
50 years$17,965$9,864$5,141$2,579$1,261$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $18,400,000, adding $4,228 every year, while hoping to spend $41,801 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: 43/38/19 Blend
66$18,400,000$18,400,000$18,400,000$18,400,000
67$20,281,161$19,305,961$19,020,761$21,040,885
68$22,305,364$20,207,477$19,613,481$22,479,187
69$24,534,634$21,151,767$20,224,655$24,032,072
70$26,989,844$22,140,881$20,854,859$25,713,628
71$29,693,996$23,176,972$21,504,684$27,535,729
72$32,672,433$24,262,293$22,174,741$29,511,404
73$35,953,085$25,399,209$22,865,659$31,654,952
74$39,566,727$26,590,198$23,578,086$33,982,073
75$43,547,274$27,837,858$24,312,692$36,510,004
76$47,932,095$29,144,912$25,070,166$39,257,675
77$52,762,373$30,514,217$25,851,221$42,245,878
78$58,083,487$31,948,766$26,656,589$45,497,454
79$63,945,444$33,451,697$27,487,026$49,037,500
80$70,403,350$35,026,300$28,343,312$52,893,592
81$77,517,930$36,676,027$29,226,251$57,096,039
82$85,356,100$38,404,494$30,136,672$61,678,155
83$93,991,601$40,215,493$31,075,429$66,676,562
84$103,505,692$42,113,000$32,043,404$72,131,524
85$113,987,919$44,101,184$33,041,505$78,087,312
86$125,536,960$46,184,415$34,070,668$84,592,613
87$138,261,555$48,367,276$35,131,861$91,700,971
88$152,281,533$50,654,572$36,226,077$99,471,280
89$167,728,943$53,051,340$37,354,345$107,968,321
90$184,749,302$55,562,863$38,517,722$117,263,363
91$203,502,966$58,194,678$39,717,301$127,434,815
92$224,166,645$60,952,593$40,954,207$138,568,948
93$246,935,070$63,842,697$42,229,600$150,760,692
94$272,022,832$66,871,375$43,544,676$164,114,515
95$299,666,407$70,045,319$44,900,670$178,745,383
96$330,126,391$73,371,550$46,298,853$194,779,830
97$363,689,955$76,857,427$47,740,536$212,357,127
98$400,673,558$80,510,669$49,227,072$231,630,573
99$441,425,936$84,339,367$50,759,854$252,768,920
100$486,331,393$88,352,008$52,340,320$275,957,939