Can I retire at age 67 with 18,700,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $18,700,000?

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$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,453,936
2 years$764,470$750,232$736,434$723,055$710,078$672,807
3 years$504,584$490,285$476,521$463,268$450,503$414,354
4 years$374,667$360,411$346,785$333,759$321,302$286,554
5 years$296,736$282,567$269,120$256,359$244,249$210,998
6 years$244,800$230,737$217,489$205,012$193,266$161,546
7 years$207,717$193,773$180,734$168,552$157,177$126,990
8 years$179,918$166,099$153,277$141,394$130,393$101,727
9 years$158,307$144,619$132,017$120,436$109,810$82,640
10 years$141,029$127,475$115,096$103,817$93,564$67,858
11 years$126,902$113,483$101,328$90,352$80,468$56,189
12 years$115,137$101,856$89,926$79,251$69,732$46,838
13 years$105,190$92,048$80,343$69,967$60,807$39,254
14 years$96,672$83,669$72,189$62,109$53,303$33,042
15 years$89,296$76,434$65,177$55,390$46,933$27,913
16 years$82,848$70,126$59,092$49,596$41,479$23,651
17 years$77,165$64,584$53,772$44,561$36,778$20,090
18 years$72,119$59,678$49,087$40,159$32,702$17,101
19 years$67,609$55,309$44,936$36,287$29,148$14,582
20 years$63,555$51,396$41,240$32,865$26,035$12,452
21 years$59,893$47,873$37,933$29,827$23,299$10,647
22 years$56,567$44,688$34,961$27,119$20,884$9,113
23 years$53,535$41,796$32,281$24,698$18,747$7,807
24 years$50,760$39,160$29,854$22,526$16,850$6,693
25 years$48,211$36,750$27,651$20,572$15,162$5,742
26 years$45,862$34,539$25,645$18,810$13,658$4,929
27 years$43,691$32,505$23,813$17,217$12,314$4,233
28 years$41,678$30,629$22,138$15,775$11,111$3,637
29 years$39,808$28,895$20,601$14,466$10,033$3,126
30 years$38,065$27,288$19,189$13,276$9,065$2,688
31 years$36,438$25,797$17,889$12,193$8,196$2,311
32 years$34,916$24,409$16,691$11,206$7,414$1,988
33 years$33,489$23,116$15,585$10,305$6,709$1,710
34 years$32,149$21,908$14,561$9,481$6,075$1,472
35 years$30,888$20,780$13,614$8,728$5,502$1,266
36 years$29,700$19,723$12,735$8,038$4,985$1,090
37 years$28,579$18,732$11,920$7,406$4,518$938
38 years$27,519$17,802$11,163$6,826$4,096$808
39 years$26,516$16,928$10,458$6,294$3,714$695
40 years$25,566$16,106$9,802$5,806$3,369$599
41 years$24,664$15,331$9,192$5,356$3,057$515
42 years$23,808$14,601$8,622$4,943$2,774$444
43 years$22,993$13,912$8,091$4,563$2,517$382
44 years$22,218$13,261$7,594$4,213$2,285$329
45 years$21,480$12,645$7,131$3,891$2,074$283
46 years$20,775$12,063$6,698$3,594$1,883$244
47 years$20,103$11,512$6,292$3,321$1,710$210
48 years$19,460$10,990$5,913$3,068$1,553$181
49 years$18,846$10,495$5,558$2,836$1,410$156
50 years$18,258$10,025$5,225$2,621$1,281$134

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $18,700,000, adding $4,230 every year, while hoping to spend $24,575 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: 65/30/5 Blend
66$18,700,000$18,700,000$18,700,000$18,700,000
67$20,611,763$19,620,663$19,330,813$21,937,388
68$22,688,015$20,555,928$19,952,248$23,753,570
69$24,975,222$21,536,197$20,593,677$25,733,601
70$27,494,874$22,563,650$21,255,744$27,896,049
71$30,270,653$23,640,572$21,939,114$30,258,633
72$33,328,659$24,769,359$22,644,474$32,840,836
73$36,697,649$25,952,524$23,372,530$35,664,085
74$40,409,313$27,192,702$24,124,014$38,751,947
75$44,498,576$28,492,657$24,899,681$42,130,346
76$49,003,920$29,855,286$25,700,310$45,827,800
77$53,967,753$31,283,629$26,526,704$49,875,684
78$59,436,808$32,780,871$27,379,693$54,308,519
79$65,462,584$34,350,355$28,260,134$59,164,289
80$72,101,831$35,995,586$29,168,912$64,484,792
81$79,417,086$37,720,237$30,106,938$70,316,028
82$87,477,264$39,528,164$31,075,156$76,708,623
83$96,358,309$41,423,408$32,074,537$83,718,297
84$106,143,908$43,410,208$33,106,087$91,406,382
85$116,926,287$45,493,007$34,170,840$99,840,389
86$128,807,072$47,676,469$35,269,867$109,094,638
87$141,898,258$49,965,480$36,404,272$119,250,946
88$156,323,260$52,365,169$37,575,195$130,399,387
89$172,218,080$54,880,910$38,783,813$142,639,133
90$189,732,593$57,518,343$40,031,339$156,079,375
91$209,031,957$60,283,381$41,319,028$170,840,343
92$230,298,174$63,182,225$42,648,173$187,054,423
93$253,731,812$66,221,378$44,020,111$204,867,398
94$279,553,893$69,407,661$45,436,221$224,439,803
95$308,007,981$72,748,228$46,897,925$245,948,429
96$339,362,483$76,250,579$48,406,694$269,587,972
97$373,913,182$79,922,583$49,964,043$295,572,855
98$411,986,027$83,772,490$51,571,540$324,139,235
99$453,940,214$87,808,954$53,230,798$355,547,209
100$500,171,574$92,041,051$54,943,488$390,083,254