Can I retire at age 67 with 18,900,000?

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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,449,606
2 years$772,646$758,256$744,310$730,788$717,673$660,413
3 years$509,981$495,529$481,618$468,223$455,321$400,109
4 years$378,674$364,266$350,494$337,328$324,739$271,996
5 years$299,910$285,589$271,998$259,101$246,861$196,723
6 years$247,418$233,205$219,815$207,205$195,333$147,833
7 years$209,939$195,845$182,667$170,354$158,858$113,983
8 years$181,842$167,875$154,916$142,906$131,788$89,494
9 years$160,000$146,166$133,429$121,724$110,985$71,212
10 years$142,537$128,838$116,327$104,928$94,564$57,238
11 years$128,259$114,697$102,412$91,318$81,329$46,366
12 years$116,368$102,946$90,888$80,099$70,478$37,789
13 years$106,315$93,033$81,203$70,715$61,458$30,947
14 years$97,706$84,564$72,961$62,773$53,874$25,443
15 years$90,251$77,251$65,874$55,982$47,435$20,983
16 years$83,734$70,876$59,724$50,126$41,923$17,349
17 years$77,990$65,274$54,347$45,038$37,172$14,374
18 years$72,890$60,317$49,612$40,588$33,051$11,929
19 years$68,332$55,901$45,417$36,675$29,459$9,914
20 years$64,235$51,946$41,681$33,216$26,314$8,249
21 years$60,533$48,385$38,339$30,146$23,548$6,870
22 years$57,172$45,166$35,335$27,409$21,107$5,727
23 years$54,108$42,243$32,626$24,962$18,947$4,776
24 years$51,303$39,579$30,173$22,767$17,030$3,986
25 years$48,727$37,143$27,947$20,792$15,324$3,328
26 years$46,353$34,908$25,919$19,011$13,804$2,780
27 years$44,158$32,853$24,068$17,402$12,445$2,322
28 years$42,124$30,957$22,374$15,944$11,230$1,941
29 years$40,233$29,204$20,821$14,621$10,140$1,622
30 years$38,472$27,580$19,394$13,418$9,162$1,356
31 years$36,828$26,073$18,081$12,323$8,283$1,134
32 years$35,289$24,670$16,870$11,326$7,493$948
33 years$33,847$23,363$15,751$10,415$6,781$793
34 years$32,493$22,143$14,717$9,582$6,140$663
35 years$31,218$21,002$13,759$8,821$5,561$555
36 years$30,018$19,934$12,872$8,124$5,038$464
37 years$28,884$18,933$12,048$7,485$4,566$388
38 years$27,813$17,993$11,282$6,899$4,140$325
39 years$26,800$17,109$10,570$6,362$3,754$272
40 years$25,839$16,278$9,907$5,868$3,405$227
41 years$24,928$15,495$9,290$5,414$3,089$190
42 years$24,062$14,757$8,714$4,996$2,803$159
43 years$23,239$14,061$8,177$4,612$2,544$133
44 years$22,456$13,403$7,676$4,258$2,309$111
45 years$21,709$12,781$7,207$3,933$2,096$93
46 years$20,997$12,192$6,769$3,633$1,903$78
47 years$20,318$11,635$6,360$3,356$1,728$65
48 years$19,668$11,107$5,976$3,101$1,570$55
49 years$19,047$10,607$5,617$2,866$1,426$46
50 years$18,453$10,132$5,281$2,649$1,295$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $18,900,000, adding $3,406 every year, while hoping to spend $36,182 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$18,900,000$18,900,000$18,900,000$18,900,000
67$20,831,313$19,829,613$19,536,663$21,903,600
68$22,917,610$20,762,767$20,152,644$23,564,367
69$25,215,496$21,740,433$20,788,048$25,366,760
70$27,746,516$22,764,753$21,443,486$27,327,578
71$30,534,409$23,837,975$22,119,592$29,461,863
72$33,605,337$24,962,453$22,817,016$31,786,139
73$36,988,126$26,140,658$23,536,431$34,318,562
74$40,714,544$27,375,180$24,278,531$37,079,087
75$44,819,596$28,668,732$25,044,030$40,089,644
76$49,341,856$30,024,161$25,833,667$43,374,339
77$54,323,833$31,444,453$26,648,202$46,959,673
78$59,812,369$32,932,735$27,488,421$50,874,784
79$65,859,081$34,492,290$28,355,134$55,151,712
80$72,520,852$36,126,557$29,249,176$59,825,693
81$79,860,365$37,839,144$30,171,409$64,935,478
82$87,946,693$39,633,833$31,122,722$70,523,693
83$96,855,954$41,514,590$32,104,032$76,637,226
84$106,672,029$43,485,572$33,116,284$83,327,661
85$117,487,352$45,551,141$34,160,456$90,651,751
86$129,403,783$47,715,868$35,237,553$98,671,943
87$142,533,571$49,984,548$36,348,613$107,456,950
88$157,000,411$52,362,207$37,494,707$117,082,392
89$172,940,615$54,854,116$38,676,941$127,631,488
90$190,504,392$57,465,803$39,896,454$139,195,832
91$209,857,276$60,203,063$41,154,421$151,876,239
92$231,181,680$63,071,975$42,452,055$165,783,679
93$254,678,620$66,078,910$43,790,608$181,040,311
94$280,569,615$69,230,552$45,171,369$197,780,612
95$309,098,775$72,533,909$46,595,669$216,152,632
96$340,535,107$75,996,328$48,064,881$236,319,369
97$375,175,056$79,625,516$49,580,423$258,460,287
98$413,345,299$83,429,553$51,143,754$282,772,989
99$455,405,831$87,416,913$52,756,382$309,475,057
100$501,753,366$91,596,482$54,419,861$338,806,082