Can I retire at age 67 with 18,600,000?

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 $18,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,437,439
2 years$760,381$746,220$732,495$719,188$706,281$660,588
3 years$501,886$487,663$473,973$460,791$448,094$403,891
4 years$372,663$358,484$344,931$331,974$319,584$277,211
5 years$295,150$281,056$267,681$254,988$242,943$202,514
6 years$243,491$229,503$216,326$203,916$192,232$153,782
7 years$206,606$192,736$179,768$167,650$156,336$119,863
8 years$178,956$165,211$152,457$140,638$129,696$95,176
9 years$157,461$143,846$131,311$119,792$109,223$76,618
10 years$140,275$126,793$114,480$103,262$93,063$62,326
11 years$126,223$112,876$100,787$89,869$80,038$51,114
12 years$114,521$101,312$89,446$78,827$69,359$42,189
13 years$104,628$91,556$79,914$69,593$60,482$35,001
14 years$96,155$83,222$71,803$61,776$53,018$29,159
15 years$88,818$76,025$64,828$55,094$46,682$24,375
16 years$82,405$69,751$58,776$49,330$41,257$20,432
17 years$76,752$64,238$53,484$44,323$36,582$17,167
18 years$71,733$59,359$48,824$39,944$32,527$14,451
19 years$67,248$55,013$44,696$36,093$28,992$12,184
20 years$63,216$51,121$41,020$32,689$25,896$10,286
21 years$59,572$47,617$37,730$29,667$23,174$8,694
22 years$56,265$44,449$34,774$26,974$20,772$7,355
23 years$53,249$41,572$32,108$24,566$18,646$6,227
24 years$50,489$38,951$29,694$22,406$16,760$5,276
25 years$47,954$36,553$27,503$20,462$15,081$4,472
26 years$45,617$34,354$25,508$18,710$13,585$3,793
27 years$43,457$32,331$23,686$17,125$12,248$3,218
28 years$41,455$30,466$22,019$15,690$11,051$2,731
29 years$39,595$28,741$20,491$14,388$9,979$2,319
30 years$37,862$27,143$19,086$13,205$9,017$1,969
31 years$36,243$25,659$17,794$12,128$8,152$1,672
32 years$34,729$24,278$16,602$11,146$7,374$1,421
33 years$33,310$22,992$15,501$10,249$6,673$1,207
34 years$31,977$21,791$14,483$9,430$6,042$1,026
35 years$30,723$20,669$13,541$8,681$5,473$872
36 years$29,541$19,618$12,667$7,995$4,958$741
37 years$28,426$18,632$11,856$7,366$4,494$630
38 years$27,372$17,707$11,103$6,790$4,074$535
39 years$26,374$16,838$10,402$6,261$3,695$455
40 years$25,429$16,020$9,750$5,774$3,351$387
41 years$24,532$15,249$9,142$5,328$3,040$329
42 years$23,681$14,523$8,576$4,917$2,759$280
43 years$22,871$13,837$8,047$4,539$2,504$238
44 years$22,099$13,190$7,554$4,191$2,273$202
45 years$21,365$12,578$7,093$3,870$2,063$172
46 years$20,664$11,999$6,662$3,575$1,873$146
47 years$19,995$11,450$6,259$3,303$1,701$124
48 years$19,356$10,931$5,881$3,052$1,545$106
49 years$18,745$10,439$5,528$2,821$1,403$90
50 years$18,160$9,971$5,197$2,607$1,274$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $18,600,000, adding $5,348 every year, while hoping to spend $39,847 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: 81/6/13 Blend
66$18,600,000$18,600,000$18,600,000$18,600,000
67$20,502,716$19,516,916$19,228,616$22,112,494
68$22,551,597$20,430,848$19,830,378$24,084,046
69$24,808,127$21,388,228$20,450,963$26,242,027
70$27,293,446$22,391,141$21,090,961$28,609,706
71$30,030,847$23,441,776$21,750,977$31,208,096
72$33,045,996$24,542,426$22,431,638$34,060,336
73$36,367,179$25,695,496$23,133,589$37,191,911
74$40,025,564$26,903,508$23,857,497$40,630,891
75$44,055,494$28,169,103$24,604,046$44,408,192
76$48,494,819$29,495,053$25,373,946$48,557,866
77$53,385,243$30,884,263$26,167,925$53,117,422
78$58,772,724$32,339,779$26,986,737$58,128,176
79$64,707,908$33,864,794$27,831,159$63,635,640
80$71,246,602$35,462,656$28,701,990$69,689,948
81$78,450,305$37,136,875$29,600,056$76,346,327
82$86,386,787$38,891,133$30,526,209$83,665,615
83$95,130,729$40,729,288$31,481,326$91,714,836
84$104,764,426$42,655,386$32,466,314$100,567,825
85$115,378,566$44,673,669$33,482,104$110,305,923
86$127,073,086$46,788,585$34,529,661$121,018,747
87$139,958,114$49,004,799$35,609,977$132,805,024
88$154,155,006$51,327,199$36,724,077$145,773,527
89$169,797,499$53,760,913$37,873,015$160,044,096
90$187,032,964$56,311,318$39,057,881$175,748,762
91$206,023,804$58,984,051$40,279,798$193,032,996
92$226,948,985$61,785,022$41,539,924$212,057,073
93$250,005,723$64,720,429$42,839,453$232,997,584
94$275,411,348$67,796,772$44,179,616$256,049,097
95$303,405,355$71,020,864$45,561,683$281,425,989
96$334,251,667$74,399,851$46,986,965$309,364,467
97$368,241,119$77,941,226$48,456,810$340,124,794
98$405,694,212$81,652,845$49,972,613$373,993,734
99$446,964,135$85,542,948$51,535,808$411,287,263
100$492,440,097$89,620,172$53,147,878$452,353,540