Can I retire at age 67 with 11,200,000?

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 $11,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$924,886$916,647$908,609$900,764$893,104$869,046
2 years$457,864$449,337$441,073$433,060$425,287$401,222
3 years$302,211$293,647$285,403$277,466$269,820$246,499
4 years$224,399$215,861$207,700$199,898$192,438$170,041
5 years$177,725$169,238$161,184$153,541$146,288$124,877
6 years$146,618$138,195$130,261$122,788$115,753$95,349
7 years$124,408$116,056$108,247$100,951$94,138$74,741
8 years$107,758$99,482$91,802$84,685$78,097$59,697
9 years$94,815$86,617$79,069$72,133$65,769$48,350
10 years$84,467$76,348$68,934$62,179$56,038$39,578
11 years$76,005$67,969$60,689$54,115$48,195$32,667
12 years$68,959$61,005$53,860$47,466$41,764$27,142
13 years$63,002$55,131$48,120$41,905$36,419$22,670
14 years$57,900$50,112$43,236$37,199$31,925$19,017
15 years$53,482$45,778$39,036$33,175$28,109$16,009
16 years$49,620$42,001$35,392$29,704$24,843$13,517
17 years$46,216$38,681$32,205$26,689$22,028$11,440
18 years$43,194$35,743$29,399$24,052$19,586$9,702
19 years$40,493$33,126$26,914$21,733$17,457$8,242
20 years$38,065$30,783$24,700$19,684$15,593$7,011
21 years$35,871$28,673$22,719$17,864$13,954$5,972
22 years$33,880$26,765$20,939$16,243$12,508$5,092
23 years$32,064$25,033$19,334$14,793$11,228$4,345
24 years$30,402$23,454$17,881$13,492$10,092$3,710
25 years$28,875$22,010$16,561$12,321$9,081$3,171
26 years$27,468$20,686$15,359$11,266$8,180$2,711
27 years$26,168$19,468$14,263$10,312$7,375$2,319
28 years$24,962$18,345$13,259$9,448$6,655$1,984
29 years$23,842$17,306$12,339$8,664$6,009$1,698
30 years$22,798$16,344$11,493$7,951$5,429$1,454
31 years$21,824$15,450$10,715$7,303$4,909$1,245
32 years$20,912$14,619$9,997$6,711$4,440$1,067
33 years$20,058$13,845$9,334$6,172$4,018$914
34 years$19,255$13,122$8,721$5,679$3,638$783
35 years$18,500$12,446$8,154$5,227$3,295$671
36 years$17,788$11,813$7,628$4,814$2,986$575
37 years$17,117$11,219$7,139$4,436$2,706$493
38 years$16,482$10,662$6,686$4,089$2,453$423
39 years$15,881$10,139$6,264$3,770$2,225$362
40 years$15,312$9,646$5,871$3,477$2,018$311
41 years$14,772$9,182$5,505$3,208$1,831$266
42 years$14,259$8,745$5,164$2,961$1,661$228
43 years$13,771$8,332$4,846$2,733$1,508$196
44 years$13,307$7,942$4,549$2,524$1,368$168
45 years$12,865$7,574$4,271$2,331$1,242$144
46 years$12,443$7,225$4,011$2,153$1,128$123
47 years$12,040$6,895$3,769$1,989$1,024$106
48 years$11,655$6,582$3,541$1,838$930$91
49 years$11,287$6,286$3,329$1,698$845$78
50 years$10,935$6,004$3,130$1,570$767$67

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $11,200,000, adding $5,812 every year, while hoping to spend $26,259 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: 89/5/6 Blend
66$11,200,000$11,200,000$11,200,000$11,200,000
67$12,348,395$11,754,795$11,581,195$13,445,177
68$13,579,992$12,302,841$11,941,226$14,707,405
69$14,936,332$12,876,860$12,312,437$16,090,886
70$16,430,110$13,478,099$12,695,177$17,611,309
71$18,075,318$14,107,862$13,089,801$19,282,487
72$19,887,371$14,767,518$13,496,680$21,119,633
73$21,883,257$15,458,501$13,916,193$23,139,509
74$24,081,695$16,182,313$14,348,732$25,360,577
75$26,503,314$16,940,533$14,794,701$27,803,177
76$29,170,845$17,734,812$15,254,516$30,489,715
77$32,109,336$18,566,883$15,728,607$33,444,876
78$35,346,390$19,438,561$16,217,417$36,695,855
79$38,912,423$20,351,752$16,721,402$40,272,612
80$42,840,953$21,308,451$17,241,032$44,208,156
81$47,168,917$22,310,752$17,776,793$48,538,851
82$51,937,016$23,360,848$18,329,185$53,304,764
83$57,190,102$24,461,040$18,898,723$58,550,037
84$62,977,602$25,613,741$19,485,940$64,323,307
85$69,353,981$26,821,478$20,091,383$70,678,159
86$76,379,260$28,086,903$20,715,617$77,673,635
87$84,119,579$29,412,796$21,359,224$85,374,785
88$92,647,825$30,802,071$22,022,807$93,853,284
89$102,044,314$32,257,784$22,706,982$103,188,107
90$112,397,558$33,783,139$23,412,390$113,466,270
91$123,805,091$35,381,495$24,139,687$124,783,649
92$136,374,397$37,056,375$24,889,553$137,245,891
93$150,223,919$38,811,471$25,662,687$150,969,398
94$165,484,182$40,650,656$26,459,810$166,082,435
95$182,299,020$42,577,989$27,281,665$182,726,332
96$200,826,938$44,597,729$28,129,019$201,056,817
97$221,242,607$46,714,339$29,002,662$221,245,487
98$243,738,510$48,932,499$29,903,409$243,481,423
99$268,526,764$51,257,117$30,832,099$267,972,974
100$295,841,118$53,693,340$31,789,598$294,949,720