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

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 $18,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,463,492
2 years$768,558$754,244$740,372$726,922$713,875$678,170
3 years$507,282$492,907$479,070$465,746$452,912$418,264
4 years$376,670$362,339$348,640$335,544$323,021$289,697
5 years$298,323$284,078$270,559$257,730$245,555$213,649
6 years$246,109$231,971$218,652$206,108$194,299$163,843
7 years$208,828$194,809$181,701$169,453$158,017$129,015
8 years$180,880$166,987$154,097$142,150$131,091$103,530
9 years$159,154$145,392$132,723$121,080$110,397$84,257
10 years$141,783$128,156$115,711$104,372$94,064$69,315
11 years$127,580$114,090$101,870$90,835$80,898$57,505
12 years$115,753$102,401$90,407$79,675$70,105$48,029
13 years$105,753$92,541$80,773$70,341$61,133$40,333
14 years$97,189$84,117$72,575$62,441$53,589$34,020
15 years$89,773$76,842$65,525$55,686$47,184$28,800
16 years$83,291$70,501$59,408$49,861$41,701$24,455
17 years$77,577$64,929$54,059$44,800$36,975$20,818
18 years$72,504$59,997$49,349$40,373$32,876$17,759
19 years$67,971$55,605$45,177$36,481$29,303$15,177
20 years$63,895$51,671$41,461$33,040$26,174$12,990
21 years$60,213$48,129$38,136$29,986$23,423$11,132
22 years$56,870$44,927$35,148$27,264$20,996$9,551
23 years$53,822$42,019$32,453$24,830$18,847$8,201
24 years$51,032$39,369$30,014$22,647$16,940$7,048
25 years$48,469$36,946$27,799$20,682$15,243$6,061
26 years$46,108$34,723$25,782$18,911$13,731$5,216
27 years$43,925$32,679$23,941$17,309$12,379$4,490
28 years$41,901$30,793$22,256$15,859$11,170$3,867
29 years$40,021$29,050$20,711$14,543$10,086$3,332
30 years$38,269$27,434$19,292$13,347$9,114$2,872
31 years$36,633$25,935$17,985$12,258$8,240$2,476
32 years$35,103$24,539$16,780$11,266$7,453$2,135
33 years$33,668$23,239$15,668$10,360$6,745$1,841
34 years$32,321$22,026$14,639$9,532$6,107$1,588
35 years$31,053$20,891$13,687$8,775$5,531$1,370
36 years$29,859$19,828$12,804$8,081$5,012$1,182
37 years$28,732$18,833$11,984$7,446$4,542$1,020
38 years$27,666$17,898$11,222$6,863$4,118$881
39 years$26,658$17,019$10,514$6,328$3,734$760
40 years$25,703$16,192$9,855$5,837$3,387$656
41 years$24,796$15,413$9,241$5,385$3,073$566
42 years$23,935$14,679$8,668$4,970$2,788$489
43 years$23,116$13,986$8,134$4,588$2,531$422
44 years$22,337$13,332$7,635$4,236$2,297$364
45 years$21,594$12,713$7,169$3,912$2,085$315
46 years$20,886$12,128$6,733$3,614$1,893$272
47 years$20,210$11,574$6,326$3,338$1,719$235
48 years$19,564$11,049$5,945$3,085$1,561$202
49 years$18,946$10,551$5,588$2,851$1,418$175
50 years$18,355$10,079$5,253$2,635$1,288$151

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 $5,223 every year, while hoping to spend $36,696 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: 54/36/10 Blend
66$18,800,000$18,800,000$18,800,000$18,800,000
67$20,722,988$19,726,588$19,435,188$21,789,601
68$22,797,688$20,654,146$20,047,222$23,441,130
69$25,082,778$21,625,925$20,678,530$25,233,264
70$27,599,679$22,644,053$21,329,718$27,182,903
71$30,371,994$23,710,760$22,001,412$29,305,003
72$33,425,737$24,828,386$22,694,258$31,615,993
73$36,789,568$25,999,383$23,408,922$34,133,924
74$40,495,074$27,226,323$24,146,091$36,878,634
75$44,577,061$28,511,902$24,906,474$39,871,926
76$49,073,882$29,858,946$25,690,802$43,137,769
77$54,027,802$31,270,419$26,499,828$46,702,509
78$59,485,397$32,749,428$27,334,331$50,595,117
79$65,497,989$34,299,231$28,195,113$54,847,447
80$72,122,135$35,923,245$29,083,000$59,494,532
81$79,420,160$37,625,051$29,998,848$64,574,899
82$87,460,743$39,408,405$30,943,536$70,130,928
83$96,319,566$41,277,245$31,917,972$76,209,238
84$106,080,032$43,235,699$32,923,094$82,861,115
85$116,834,044$45,288,098$33,959,867$90,142,985
86$128,682,882$47,438,980$35,029,288$98,116,934
87$141,738,152$49,693,107$36,132,385$106,851,281
88$156,122,843$52,055,468$37,270,219$116,421,208
89$171,972,485$54,531,298$38,443,884$126,909,458
90$189,436,432$57,126,085$39,654,507$138,407,096
91$208,679,268$59,845,583$40,903,253$151,014,357
92$229,882,363$62,695,827$42,191,322$164,841,574
93$253,245,585$65,683,143$43,519,953$180,010,201
94$278,989,186$68,814,168$44,890,421$196,653,944
95$307,355,879$72,095,858$46,304,046$214,920,001
96$338,613,133$75,535,509$47,762,186$234,970,433
97$373,055,696$79,140,773$49,266,243$256,983,672
98$411,008,377$82,919,671$50,817,663$281,156,186
99$452,829,113$86,880,617$52,417,936$307,704,306
100$498,912,348$91,032,432$54,068,602$336,866,250