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%16%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,470,082
2 years$772,646$758,256$744,310$730,788$717,673$680,593
3 years$509,981$495,529$481,618$468,223$455,321$419,352
4 years$378,674$364,266$350,494$337,328$324,739$290,158
5 years$299,910$285,589$271,998$259,101$246,861$213,764
6 years$247,418$233,205$219,815$207,205$195,333$163,752
7 years$209,939$195,845$182,667$170,354$158,858$128,798
8 years$181,842$167,875$154,916$142,906$131,788$103,235
9 years$160,000$146,166$133,429$121,724$110,985$83,916
10 years$142,537$128,838$116,327$104,928$94,564$68,948
11 years$128,259$114,697$102,412$91,318$81,329$57,128
12 years$116,368$102,946$90,888$80,099$70,478$47,652
13 years$106,315$93,033$81,203$70,715$61,458$39,963
14 years$97,706$84,564$72,961$62,773$53,874$33,662
15 years$90,251$77,251$65,874$55,982$47,435$28,457
16 years$83,734$70,876$59,724$50,126$41,923$24,129
17 years$77,990$65,274$54,347$45,038$37,172$20,511
18 years$72,890$60,317$49,612$40,588$33,051$17,472
19 years$68,332$55,901$45,417$36,675$29,459$14,909
20 years$64,235$51,946$41,681$33,216$26,314$12,741
21 years$60,533$48,385$38,339$30,146$23,548$10,902
22 years$57,172$45,166$35,335$27,409$21,107$9,339
23 years$54,108$42,243$32,626$24,962$18,947$8,007
24 years$51,303$39,579$30,173$22,767$17,030$6,870
25 years$48,727$37,143$27,947$20,792$15,324$5,899
26 years$46,353$34,908$25,919$19,011$13,804$5,068
27 years$44,158$32,853$24,068$17,402$12,445$4,356
28 years$42,124$30,957$22,374$15,944$11,230$3,745
29 years$40,233$29,204$20,821$14,621$10,140$3,222
30 years$38,472$27,580$19,394$13,418$9,162$2,772
31 years$36,828$26,073$18,081$12,323$8,283$2,386
32 years$35,289$24,670$16,870$11,326$7,493$2,054
33 years$33,847$23,363$15,751$10,415$6,781$1,768
34 years$32,493$22,143$14,717$9,582$6,140$1,523
35 years$31,218$21,002$13,759$8,821$5,561$1,312
36 years$30,018$19,934$12,872$8,124$5,038$1,130
37 years$28,884$18,933$12,048$7,485$4,566$973
38 years$27,813$17,993$11,282$6,899$4,140$839
39 years$26,800$17,109$10,570$6,362$3,754$723
40 years$25,839$16,278$9,907$5,868$3,405$623
41 years$24,928$15,495$9,290$5,414$3,089$537
42 years$24,062$14,757$8,714$4,996$2,803$462
43 years$23,239$14,061$8,177$4,612$2,544$399
44 years$22,456$13,403$7,676$4,258$2,309$344
45 years$21,709$12,781$7,207$3,933$2,096$296
46 years$20,997$12,192$6,769$3,633$1,903$255
47 years$20,318$11,635$6,360$3,356$1,728$220
48 years$19,668$11,107$5,976$3,101$1,570$190
49 years$19,047$10,607$5,617$2,866$1,426$163
50 years$18,453$10,132$5,281$2,649$1,295$141

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 $3,755 every year, while hoping to spend $36,085 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: 69/9/22 Blend
66$18,900,000$18,900,000$18,900,000$18,900,000
67$20,831,673$19,829,973$19,537,023$22,153,950
68$22,918,110$20,763,248$20,153,119$23,972,100
69$25,216,153$21,741,043$20,788,645$25,956,399
70$27,747,350$22,765,503$21,444,214$28,126,948
71$30,535,442$23,838,875$22,120,457$30,502,158
72$33,606,592$24,963,515$22,818,027$33,102,292
73$36,989,630$26,141,893$23,537,597$35,949,658
74$40,716,325$27,376,599$24,279,860$39,068,815
75$44,821,687$28,670,349$25,045,531$42,486,804
76$49,344,293$30,025,990$25,835,351$46,233,393
77$54,326,654$31,446,507$26,650,079$50,341,365
78$59,815,618$32,935,031$27,490,501$54,846,813
79$65,862,807$34,494,843$28,357,429$59,789,485
80$72,525,108$36,129,385$29,251,698$65,213,152
81$79,865,210$37,842,265$30,174,170$71,166,018
82$87,952,191$39,637,266$31,125,734$77,701,169
83$96,862,177$41,518,356$32,107,310$84,877,072
84$106,679,057$43,489,692$33,119,842$92,758,123
85$117,495,271$45,555,638$34,164,307$101,415,245
86$129,412,691$47,720,766$35,241,713$110,926,560
87$142,543,573$49,989,872$36,353,099$121,378,117
88$157,011,626$52,367,983$37,499,535$132,864,696
89$172,953,171$54,860,373$38,682,129$145,490,706
90$190,518,434$57,472,571$39,902,020$159,371,155
91$209,872,961$60,210,374$41,160,384$174,632,737
92$231,199,181$63,079,861$42,458,436$191,415,018
93$254,698,130$66,087,406$43,797,426$209,871,746
94$280,591,346$69,239,696$45,178,646$230,172,301
95$309,122,961$72,543,739$46,603,429$252,503,281
96$340,562,007$76,006,886$48,073,147$277,070,258
97$375,204,953$79,636,845$49,589,219$304,099,712
98$413,378,507$83,441,699$51,153,106$333,841,160
99$455,442,697$87,429,924$52,766,318$366,569,505
100$501,794,271$91,610,409$54,430,408$402,587,618