Can I retire at age 67 with 18,800,000?

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 $18,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,482,866
2 years$768,558$754,244$740,372$726,922$713,875$697,491
3 years$507,282$492,907$479,070$465,746$452,912$436,924
4 years$376,670$362,339$348,640$335,544$323,021$307,552
5 years$298,323$284,078$270,559$257,730$245,555$230,652
6 years$246,109$231,971$218,652$206,108$194,299$179,980
7 years$208,828$194,809$181,701$169,453$158,017$144,287
8 years$180,880$166,987$154,097$142,150$131,091$117,949
9 years$159,154$145,392$132,723$121,080$110,397$97,839
10 years$141,783$128,156$115,711$104,372$94,064$82,081
11 years$127,580$114,090$101,870$90,835$80,898$69,480
12 years$115,753$102,401$90,407$79,675$70,105$59,240
13 years$105,753$92,541$80,773$70,341$61,133$50,809
14 years$97,189$84,117$72,575$62,441$53,589$43,791
15 years$89,773$76,842$65,525$55,686$47,184$37,897
16 years$83,291$70,501$59,408$49,861$41,701$32,909
17 years$77,577$64,929$54,059$44,800$36,975$28,662
18 years$72,504$59,997$49,349$40,373$32,876$25,025
19 years$67,971$55,605$45,177$36,481$29,303$21,896
20 years$63,895$51,671$41,461$33,040$26,174$19,194
21 years$60,213$48,129$38,136$29,986$23,423$16,853
22 years$56,870$44,927$35,148$27,264$20,996$14,817
23 years$53,822$42,019$32,453$24,830$18,847$13,044
24 years$51,032$39,369$30,014$22,647$16,940$11,494
25 years$48,469$36,946$27,799$20,682$15,243$10,138
26 years$46,108$34,723$25,782$18,911$13,731$8,949
27 years$43,925$32,679$23,941$17,309$12,379$7,906
28 years$41,901$30,793$22,256$15,859$11,170$6,988
29 years$40,021$29,050$20,711$14,543$10,086$6,180
30 years$38,269$27,434$19,292$13,347$9,114$5,468
31 years$36,633$25,935$17,985$12,258$8,240$4,841
32 years$35,103$24,539$16,780$11,266$7,453$4,286
33 years$33,668$23,239$15,668$10,360$6,745$3,797
34 years$32,321$22,026$14,639$9,532$6,107$3,364
35 years$31,053$20,891$13,687$8,775$5,531$2,982
36 years$29,859$19,828$12,804$8,081$5,012$2,644
37 years$28,732$18,833$11,984$7,446$4,542$2,344
38 years$27,666$17,898$11,222$6,863$4,118$2,079
39 years$26,658$17,019$10,514$6,328$3,734$1,844
40 years$25,703$16,192$9,855$5,837$3,387$1,636
41 years$24,796$15,413$9,241$5,385$3,073$1,451
42 years$23,935$14,679$8,668$4,970$2,788$1,288
43 years$23,116$13,986$8,134$4,588$2,531$1,143
44 years$22,337$13,332$7,635$4,236$2,297$1,014
45 years$21,594$12,713$7,169$3,912$2,085$900
46 years$20,886$12,128$6,733$3,614$1,893$799
47 years$20,210$11,574$6,326$3,338$1,719$709
48 years$19,564$11,049$5,945$3,085$1,561$630
49 years$18,946$10,551$5,588$2,851$1,418$559
50 years$18,355$10,079$5,253$2,635$1,288$496

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $18,800,000, adding $6,299 every year, while hoping to spend $52,056 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: 54/30/16 Blend
66$18,800,000$18,800,000$18,800,000$18,800,000
67$20,724,097$19,727,697$19,436,297$21,754,300
68$22,782,568$20,638,967$20,032,026$23,369,191
69$25,049,258$21,593,145$20,645,967$25,119,985
70$27,545,351$22,592,278$21,278,676$27,024,547
71$30,294,189$23,638,511$21,930,723$29,097,537
72$33,321,494$24,734,096$22,602,700$31,355,068
73$36,655,608$25,881,388$23,295,212$33,814,848
74$40,327,765$27,082,861$24,008,887$36,496,345
75$44,372,380$28,341,105$24,744,368$39,420,961
76$48,827,379$29,658,835$25,502,320$42,612,229
77$53,734,551$31,038,897$26,283,427$46,096,027
78$59,139,948$32,484,276$27,088,395$49,900,814
79$65,094,317$33,998,100$27,917,950$54,057,894
80$71,653,577$35,583,646$28,772,842$58,601,700
81$78,879,351$37,244,354$29,653,840$63,570,110
82$86,839,542$38,983,825$30,561,742$69,004,798
83$95,608,979$40,805,836$31,497,364$74,951,619
84$105,270,121$42,714,348$32,461,552$81,461,027
85$115,913,834$44,713,512$33,455,174$88,588,545
86$127,640,250$46,807,678$34,479,127$96,395,278
87$140,559,711$49,001,410$35,534,333$104,948,476
88$154,793,811$51,299,489$36,621,744$114,322,161
89$170,476,546$53,706,930$37,742,338$124,597,810
90$187,755,574$56,228,990$38,897,126$135,865,112
91$206,793,610$58,871,178$40,087,148$148,222,805
92$227,769,966$61,639,273$41,313,475$161,779,587
93$250,882,237$64,539,332$42,577,211$176,655,134
94$276,348,172$67,577,706$43,879,494$192,981,209
95$304,407,724$70,761,052$45,221,496$210,902,893
96$335,325,320$74,096,352$46,604,424$230,579,939
97$369,392,352$77,590,923$48,029,522$252,188,257
98$406,929,934$81,252,440$49,498,073$275,921,562
99$448,291,925$85,088,947$51,011,396$301,993,180
100$493,868,276$89,108,880$52,570,852$330,638,042