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%18.8%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,415,183
2 years$752,205$738,196$724,619$711,455$698,687$646,793
3 years$496,489$482,419$468,877$455,836$443,275$393,178
4 years$368,656$354,629$341,222$328,404$316,148$268,229
5 years$291,976$278,034$264,802$252,246$240,331$194,717
6 years$240,873$227,035$214,000$201,723$190,165$146,890
7 years$204,385$190,664$177,835$165,848$154,655$113,710
8 years$177,031$163,434$150,818$139,126$128,302$89,652
9 years$155,768$142,299$129,899$118,504$108,048$71,644
10 years$138,767$125,430$113,249$102,152$92,063$57,842
11 years$124,866$111,663$99,703$88,903$79,177$47,069
12 years$113,290$100,222$88,484$77,980$68,613$38,541
13 years$103,503$90,572$79,054$68,844$59,832$31,715
14 years$95,121$82,327$71,031$61,112$52,448$26,202
15 years$87,863$75,207$64,131$54,501$46,180$21,717
16 years$81,519$69,001$58,144$48,800$40,814$18,047
17 years$75,927$63,548$52,909$43,846$36,188$15,030
18 years$70,962$58,721$48,299$39,514$32,177$12,539
19 years$66,524$54,422$44,216$35,705$28,680$10,477
20 years$62,536$50,571$40,579$32,337$25,617$8,764
21 years$58,932$47,105$37,325$29,348$22,925$7,339
22 years$55,660$43,971$34,400$26,684$20,549$6,151
23 years$52,677$41,125$31,763$24,302$18,446$5,159
24 years$49,946$38,532$29,375$22,165$16,580$4,329
25 years$47,438$36,160$27,207$20,242$14,919$3,635
26 years$45,127$33,985$25,233$18,508$13,439$3,053
27 years$42,990$31,984$23,431$16,941$12,116$2,565
28 years$41,010$30,138$21,783$15,522$10,932$2,156
29 years$39,169$28,432$20,270$14,234$9,872$1,812
30 years$37,454$26,851$18,881$13,063$8,920$1,524
31 years$35,854$25,383$17,602$11,997$8,064$1,282
32 years$34,356$24,017$16,423$11,026$7,295$1,078
33 years$32,952$22,745$15,335$10,139$6,602$907
34 years$31,633$21,557$14,328$9,329$5,977$763
35 years$30,392$20,446$13,395$8,588$5,414$642
36 years$29,223$19,407$12,531$7,909$4,905$540
37 years$28,120$18,432$11,729$7,287$4,446$454
38 years$27,078$17,517$10,984$6,717$4,030$382
39 years$26,091$16,657$10,290$6,193$3,655$322
40 years$25,156$15,848$9,645$5,712$3,315$271
41 years$24,269$15,085$9,044$5,270$3,008$228
42 years$23,426$14,367$8,484$4,864$2,729$192
43 years$22,625$13,689$7,961$4,490$2,477$161
44 years$21,862$13,048$7,473$4,146$2,248$136
45 years$21,135$12,443$7,017$3,829$2,041$114
46 years$20,442$11,870$6,590$3,537$1,853$96
47 years$19,780$11,327$6,191$3,267$1,683$81
48 years$19,148$10,813$5,818$3,019$1,528$68
49 years$18,543$10,326$5,469$2,790$1,388$57
50 years$17,965$9,864$5,141$2,579$1,261$48

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 $6,943 every year, while hoping to spend $38,329 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: 59/13/28 Blend
66$18,400,000$18,400,000$18,400,000$18,400,000
67$20,283,962$19,308,762$19,023,562$21,325,857
68$22,312,144$20,214,109$19,620,069$22,944,260
69$24,545,916$21,162,534$20,235,275$24,704,077
70$27,006,208$22,156,107$20,869,765$26,622,912
71$29,716,083$23,196,998$21,524,144$28,716,233
72$32,700,956$24,287,483$22,199,035$31,001,054
73$35,988,831$25,429,947$22,895,080$33,496,094
74$39,610,569$26,626,892$23,612,943$36,221,952
75$43,600,177$27,880,939$24,353,306$39,201,294
76$47,995,129$29,194,839$25,116,876$42,459,063
77$52,836,719$30,571,474$25,904,379$46,022,713
78$58,170,454$32,013,865$26,716,565$49,922,459
79$64,046,478$33,525,182$27,554,207$54,191,560
80$70,520,049$35,108,747$28,418,104$58,866,629
81$77,652,061$36,768,042$29,309,077$63,987,970
82$85,509,616$38,506,721$30,227,976$69,599,955
83$94,166,658$40,328,611$31,175,674$75,751,438
84$103,704,672$42,237,729$32,153,075$82,496,206
85$114,213,455$44,238,283$33,161,108$89,893,486
86$125,791,956$46,334,688$34,200,735$98,008,496
87$138,549,220$48,531,572$35,272,943$106,913,048
88$152,605,408$50,833,787$36,378,755$116,686,230
89$168,092,940$53,246,422$37,519,223$127,415,134
90$185,157,735$55,774,813$38,695,433$139,195,678
91$203,960,598$58,424,553$39,908,504$152,133,500
92$224,678,732$61,201,508$41,159,591$166,344,949
93$247,507,411$64,111,831$42,449,886$181,958,170
94$272,661,826$67,161,969$43,780,616$199,114,314
95$300,379,114$70,358,688$45,153,048$217,968,849
96$330,920,597$73,709,077$46,568,489$238,693,029
97$364,574,250$77,220,574$48,028,286$261,475,493
98$401,657,419$80,900,977$49,533,829$286,524,038
99$442,519,813$84,758,462$51,086,549$314,067,568
100$487,546,811$88,801,605$52,687,926$344,358,247