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%16.1%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,446,161
2 years$760,381$746,220$732,495$719,188$706,281$669,209
3 years$501,886$487,663$473,973$460,791$448,094$412,138
4 years$372,663$358,484$344,931$331,974$319,584$285,022
5 years$295,150$281,056$267,681$254,988$242,943$209,870
6 years$243,491$229,503$216,326$203,916$192,232$160,682
7 years$206,606$192,736$179,768$167,650$156,336$126,311
8 years$178,956$165,211$152,457$140,638$129,696$101,183
9 years$157,461$143,846$131,311$119,792$109,223$82,198
10 years$140,275$126,793$114,480$103,262$93,063$67,495
11 years$126,223$112,876$100,787$89,869$80,038$55,889
12 years$114,521$101,312$89,446$78,827$69,359$46,588
13 years$104,628$91,556$79,914$69,593$60,482$39,044
14 years$96,155$83,222$71,803$61,776$53,018$32,865
15 years$88,818$76,025$64,828$55,094$46,682$27,764
16 years$82,405$69,751$58,776$49,330$41,257$23,525
17 years$76,752$64,238$53,484$44,323$36,582$19,983
18 years$71,733$59,359$48,824$39,944$32,527$17,009
19 years$67,248$55,013$44,696$36,093$28,992$14,504
20 years$63,216$51,121$41,020$32,689$25,896$12,385
21 years$59,572$47,617$37,730$29,667$23,174$10,590
22 years$56,265$44,449$34,774$26,974$20,772$9,064
23 years$53,249$41,572$32,108$24,566$18,646$7,765
24 years$50,489$38,951$29,694$22,406$16,760$6,658
25 years$47,954$36,553$27,503$20,462$15,081$5,712
26 years$45,617$34,354$25,508$18,710$13,585$4,903
27 years$43,457$32,331$23,686$17,125$12,248$4,211
28 years$41,455$30,466$22,019$15,690$11,051$3,618
29 years$39,595$28,741$20,491$14,388$9,979$3,109
30 years$37,862$27,143$19,086$13,205$9,017$2,673
31 years$36,243$25,659$17,794$12,128$8,152$2,299
32 years$34,729$24,278$16,602$11,146$7,374$1,977
33 years$33,310$22,992$15,501$10,249$6,673$1,701
34 years$31,977$21,791$14,483$9,430$6,042$1,464
35 years$30,723$20,669$13,541$8,681$5,473$1,260
36 years$29,541$19,618$12,667$7,995$4,958$1,084
37 years$28,426$18,632$11,856$7,366$4,494$933
38 years$27,372$17,707$11,103$6,790$4,074$803
39 years$26,374$16,838$10,402$6,261$3,695$692
40 years$25,429$16,020$9,750$5,774$3,351$595
41 years$24,532$15,249$9,142$5,328$3,040$513
42 years$23,681$14,523$8,576$4,917$2,759$441
43 years$22,871$13,837$8,047$4,539$2,504$380
44 years$22,099$13,190$7,554$4,191$2,273$327
45 years$21,365$12,578$7,093$3,870$2,063$282
46 years$20,664$11,999$6,662$3,575$1,873$243
47 years$19,995$11,450$6,259$3,303$1,701$209
48 years$19,356$10,931$5,881$3,052$1,545$180
49 years$18,745$10,439$5,528$2,821$1,403$155
50 years$18,160$9,971$5,197$2,607$1,274$134

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 $2,380 every year, while hoping to spend $33,136 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: 79/13/8 Blend
66$18,600,000$18,600,000$18,600,000$18,600,000
67$20,499,655$19,513,855$19,225,555$22,097,043
68$22,555,363$20,434,777$19,834,355$24,066,003
69$24,819,643$21,399,714$20,462,438$26,220,858
70$27,313,734$22,410,788$21,110,418$28,583,722
71$30,061,041$23,470,222$21,778,922$31,175,325
72$33,087,354$24,580,350$22,468,603$34,018,493
73$36,421,094$25,743,617$23,180,131$37,138,356
74$40,093,578$26,962,587$23,914,198$40,562,588
75$44,139,318$28,239,949$24,671,519$44,321,657
76$48,596,344$29,578,521$25,452,830$48,449,118
77$53,506,563$30,981,261$26,258,892$52,981,921
78$58,916,156$32,451,266$27,090,488$57,960,757
79$64,876,013$33,991,788$27,948,429$63,430,441
80$71,442,214$35,606,232$28,833,548$69,440,327
81$78,676,556$37,298,174$29,746,708$76,044,775
82$86,647,138$39,071,358$30,688,797$83,303,654
83$95,429,006$40,929,714$31,660,731$91,282,910
84$105,104,855$42,877,361$32,663,456$100,055,175
85$115,765,817$44,918,618$33,697,949$109,700,457
86$127,512,316$47,058,016$34,765,215$120,306,884
87$140,455,016$49,300,303$35,866,295$131,971,532
88$154,715,870$51,650,460$37,002,258$144,801,338
89$170,429,266$54,113,710$38,174,211$158,914,102
90$187,743,299$56,695,529$39,383,294$174,439,593
91$206,821,165$59,401,660$40,630,684$191,520,768
92$227,842,708$62,238,125$41,917,596$210,315,116
93$251,006,110$65,211,239$43,245,281$230,996,137
94$276,529,767$68,327,624$44,615,032$253,754,971
95$304,654,350$71,594,224$46,028,183$278,802,199
96$335,645,075$75,018,323$47,486,108$306,369,820
97$369,794,207$78,607,555$48,990,227$336,713,433
98$407,423,821$82,369,930$50,542,004$370,114,643
99$448,888,839$86,313,845$52,142,950$406,883,709
100$494,580,385$90,448,107$53,794,622$447,362,464