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

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 $18,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,434,835
2 years$764,470$750,232$736,434$723,055$710,078$653,981
3 years$504,584$490,285$476,521$463,268$450,503$396,403
4 years$374,667$360,411$346,785$333,759$321,302$269,612
5 years$296,736$282,567$269,120$256,359$244,249$195,102
6 years$244,800$230,737$217,489$205,012$193,266$146,696
7 years$207,717$193,773$180,734$168,552$157,177$113,170
8 years$179,918$166,099$153,277$141,394$130,393$88,909
9 years$158,307$144,619$132,017$120,436$109,810$70,790
10 years$141,029$127,475$115,096$103,817$93,564$56,935
11 years$126,902$113,483$101,328$90,352$80,468$46,151
12 years$115,137$101,856$89,926$79,251$69,732$37,638
13 years$105,190$92,048$80,343$69,967$60,807$30,845
14 years$96,672$83,669$72,189$62,109$53,303$25,377
15 years$89,296$76,434$65,177$55,390$46,933$20,943
16 years$82,848$70,126$59,092$49,596$41,479$17,329
17 years$77,165$64,584$53,772$44,561$36,778$14,368
18 years$72,119$59,678$49,087$40,159$32,702$11,933
19 years$67,609$55,309$44,936$36,287$29,148$9,925
20 years$63,555$51,396$41,240$32,865$26,035$8,265
21 years$59,893$47,873$37,933$29,827$23,299$6,889
22 years$56,567$44,688$34,961$27,119$20,884$5,746
23 years$53,535$41,796$32,281$24,698$18,747$4,796
24 years$50,760$39,160$29,854$22,526$16,850$4,006
25 years$48,211$36,750$27,651$20,572$15,162$3,347
26 years$45,862$34,539$25,645$18,810$13,658$2,798
27 years$43,691$32,505$23,813$17,217$12,314$2,339
28 years$41,678$30,629$22,138$15,775$11,111$1,957
29 years$39,808$28,895$20,601$14,466$10,033$1,637
30 years$38,065$27,288$19,189$13,276$9,065$1,370
31 years$36,438$25,797$17,889$12,193$8,196$1,146
32 years$34,916$24,409$16,691$11,206$7,414$959
33 years$33,489$23,116$15,585$10,305$6,709$803
34 years$32,149$21,908$14,561$9,481$6,075$672
35 years$30,888$20,780$13,614$8,728$5,502$563
36 years$29,700$19,723$12,735$8,038$4,985$471
37 years$28,579$18,732$11,920$7,406$4,518$395
38 years$27,519$17,802$11,163$6,826$4,096$330
39 years$26,516$16,928$10,458$6,294$3,714$277
40 years$25,566$16,106$9,802$5,806$3,369$232
41 years$24,664$15,331$9,192$5,356$3,057$194
42 years$23,808$14,601$8,622$4,943$2,774$162
43 years$22,993$13,912$8,091$4,563$2,517$136
44 years$22,218$13,261$7,594$4,213$2,285$114
45 years$21,480$12,645$7,131$3,891$2,074$95
46 years$20,775$12,063$6,698$3,594$1,883$80
47 years$20,103$11,512$6,292$3,321$1,710$67
48 years$19,460$10,990$5,913$3,068$1,553$56
49 years$18,846$10,495$5,558$2,836$1,410$47
50 years$18,258$10,025$5,225$2,621$1,281$39

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 $4,421 every year, while hoping to spend $32,830 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: 36/40/24 Blend
66$18,700,000$18,700,000$18,700,000$18,700,000
67$20,611,960$19,620,860$19,331,010$21,204,660
68$22,679,449$20,547,352$19,943,668$22,568,135
69$24,956,722$21,518,141$20,575,750$24,035,771
70$27,465,141$22,535,363$21,227,871$25,619,563
71$30,228,249$23,601,259$21,900,668$27,329,948
72$33,271,986$24,718,176$22,594,796$29,178,367
73$36,624,938$25,888,577$23,310,932$31,177,361
74$40,318,607$27,115,042$24,049,773$33,340,683
75$44,387,704$28,400,279$24,812,040$35,683,419
76$48,870,483$29,747,125$25,598,475$38,222,119
77$53,809,094$31,158,556$26,409,847$40,974,944
78$59,249,989$32,637,693$27,246,944$43,961,830
79$65,244,356$34,187,807$28,110,584$47,204,656
80$71,848,600$35,812,330$29,001,608$50,727,451
81$79,124,880$37,514,857$29,920,885$54,556,597
82$87,141,694$39,299,161$30,869,311$58,721,075
83$95,974,525$41,169,198$31,847,811$63,252,720
84$105,706,552$43,129,114$32,857,339$68,186,507
85$116,429,439$45,183,260$33,898,878$73,560,869
86$128,244,196$47,336,193$34,973,445$79,418,046
87$141,262,135$49,592,698$36,082,086$85,804,464
88$155,605,920$51,957,788$37,225,884$92,771,157
89$171,410,726$54,436,722$38,405,953$100,374,236
90$188,825,512$57,035,012$39,623,444$108,675,395
91$208,014,428$59,758,442$40,879,543$117,742,476
92$229,158,369$62,613,075$42,175,477$127,650,092
93$252,456,675$65,605,268$43,512,508$138,480,307
94$278,129,019$68,741,690$44,891,941$150,323,390
95$306,417,479$72,029,332$46,315,120$163,278,646
96$337,588,818$75,475,526$47,783,433$177,455,327
97$371,937,013$79,087,962$49,298,313$192,973,640
98$409,786,018$82,874,702$50,861,237$209,965,855
99$451,492,832$86,844,202$52,473,728$228,577,527
100$497,450,863$91,005,331$54,137,360$248,968,839