Can I retire at age 67 with 11,800,000?

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 $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$974,433$965,753$957,285$949,019$940,949$919,696
2 years$482,393$473,408$464,701$456,259$448,071$426,773
3 years$318,401$309,378$300,693$292,330$284,274$263,597
4 years$236,421$227,425$218,827$210,607$202,747$182,849
5 years$187,245$178,304$169,819$161,766$154,125$135,062
6 years$154,473$145,599$137,239$129,366$121,954$103,746
7 years$131,073$122,274$114,046$106,359$99,181$81,831
8 years$113,531$104,811$96,720$89,222$82,280$65,782
9 years$99,894$91,257$83,305$75,997$69,292$53,633
10 years$88,992$80,438$72,627$65,510$59,040$44,203
11 years$80,077$71,610$63,940$57,014$50,777$36,742
12 years$72,653$64,273$56,745$50,009$44,002$30,748
13 years$66,377$58,084$50,698$44,150$38,370$25,873
14 years$61,001$52,797$45,552$39,192$33,635$21,868
15 years$56,347$48,231$41,128$34,952$29,615$18,551
16 years$52,278$44,251$37,288$31,296$26,174$15,786
17 years$48,692$40,753$33,931$28,119$23,208$13,468
18 years$45,508$37,658$30,974$25,341$20,635$11,514
19 years$42,662$34,901$28,356$22,898$18,393$9,862
20 years$40,104$32,432$26,023$20,738$16,429$8,460
21 years$37,793$30,209$23,936$18,821$14,702$7,267
22 years$35,695$28,199$22,061$17,113$13,178$6,249
23 years$33,782$26,374$20,370$15,585$11,829$5,379
24 years$32,031$24,711$18,838$14,214$10,633$4,633
25 years$30,422$23,190$17,448$12,981$9,568$3,994
26 years$28,940$21,795$16,182$11,870$8,618$3,445
27 years$27,570$20,511$15,027$10,864$7,770$2,973
28 years$26,300$19,328$13,969$9,954$7,011$2,567
29 years$25,119$18,233$13,000$9,128$6,331$2,217
30 years$24,020$17,219$12,109$8,377$5,720$1,916
31 years$22,993$16,278$11,289$7,694$5,172$1,656
32 years$22,033$15,402$10,532$7,071$4,678$1,431
33 years$21,132$14,586$9,834$6,502$4,234$1,237
34 years$20,286$13,825$9,188$5,983$3,833$1,070
35 years$19,491$13,112$8,591$5,507$3,472$926
36 years$18,741$12,446$8,036$5,072$3,146$801
37 years$18,034$11,820$7,522$4,673$2,851$693
38 years$17,365$11,234$7,044$4,308$2,585$599
39 years$16,732$10,682$6,599$3,972$2,344$519
40 years$16,132$10,163$6,186$3,663$2,126$449
41 years$15,564$9,674$5,800$3,380$1,929$388
42 years$15,023$9,213$5,441$3,119$1,750$336
43 years$14,509$8,779$5,105$2,879$1,588$291
44 years$14,020$8,368$4,792$2,659$1,442$252
45 years$13,554$7,979$4,500$2,455$1,309$218
46 years$13,109$7,612$4,226$2,268$1,188$189
47 years$12,685$7,264$3,971$2,095$1,079$163
48 years$12,280$6,935$3,731$1,936$980$141
49 years$11,892$6,622$3,507$1,789$890$122
50 years$11,521$6,326$3,297$1,654$808$106

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $11,800,000, adding $4,313 every year, while hoping to spend $27,526 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: 75/20/5 Blend
66$11,800,000$11,800,000$11,800,000$11,800,000
67$13,008,049$12,382,649$12,199,749$13,979,063
68$14,305,582$12,960,111$12,579,153$15,195,199
69$15,734,542$13,564,947$12,970,345$16,523,425
70$17,308,303$14,198,467$13,373,690$17,977,978
71$19,041,607$14,862,049$13,789,565$19,571,350
72$20,950,695$15,557,134$14,218,360$21,317,287
73$23,053,466$16,285,233$14,660,475$23,230,921
74$25,369,642$17,047,932$15,116,323$25,328,905
75$27,920,957$17,846,892$15,586,331$27,629,574
76$30,731,360$18,683,855$16,070,938$30,153,110
77$33,827,241$19,560,647$16,570,598$32,921,730
78$37,237,683$20,479,181$17,085,776$35,959,898
79$40,994,732$21,441,467$17,616,954$39,294,546
80$45,133,702$22,449,606$18,164,630$42,955,328
81$49,693,509$23,505,806$18,729,314$46,974,896
82$54,717,035$24,612,378$19,311,534$51,389,207
83$60,251,536$25,771,749$19,911,835$56,237,855
84$66,349,088$26,986,460$20,530,776$61,564,441
85$73,067,075$28,259,176$21,168,937$67,416,983
86$80,468,733$29,592,692$21,826,913$73,848,364
87$88,623,749$30,989,939$22,505,319$80,916,825
88$97,608,913$32,453,987$23,204,789$88,686,511
89$107,508,848$33,988,059$23,925,975$97,228,074
90$118,416,807$35,595,530$24,669,552$106,619,330
91$130,435,552$37,279,942$25,436,213$116,945,990
92$143,678,327$39,045,008$26,226,675$128,302,467
93$158,269,923$40,894,620$27,041,675$140,792,756
94$174,347,858$42,832,860$27,881,975$154,531,411
95$192,063,677$44,864,007$28,748,358$169,644,622
96$211,584,378$46,992,549$29,641,634$186,271,397
97$233,093,992$49,223,191$30,562,635$204,564,867
98$256,795,318$51,560,867$31,512,223$224,693,727
99$282,911,841$54,010,749$32,491,283$246,843,818
100$311,689,836$56,578,263$33,500,728$271,219,870