Can I retire at age 67 with 14,200,000?

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 $14,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,115,407
2 years$580,506$569,695$559,217$549,058$539,204$522,194
3 years$383,160$372,302$361,850$351,787$342,093$325,524
4 years$284,506$273,681$263,334$253,443$243,984$227,983
5 years$225,329$214,569$204,358$194,668$185,472$170,086
6 years$185,891$175,212$165,152$155,678$146,758$132,005
7 years$157,732$147,143$137,242$127,991$119,354$105,238
8 years$136,622$126,129$116,392$107,369$99,015$85,535
9 years$120,212$109,818$100,248$91,454$83,385$70,533
10 years$107,092$96,799$87,399$78,834$71,048$58,815
11 years$96,364$86,174$76,945$68,610$61,104$49,477
12 years$87,430$77,345$68,286$60,180$52,951$41,917
13 years$79,877$69,898$61,009$53,130$46,175$35,717
14 years$73,408$63,535$54,817$47,163$40,476$30,579
15 years$67,807$58,040$49,493$42,061$35,639$26,284
16 years$62,911$53,251$44,872$37,661$31,498$22,667
17 years$58,596$49,042$40,832$33,838$27,928$19,603
18 years$54,764$45,317$37,274$30,495$24,832$16,993
19 years$51,339$41,999$34,123$27,555$22,133$14,761
20 years$48,261$39,028$31,316$24,956$19,770$12,844
21 years$45,480$36,353$28,805$22,649$17,692$11,193
22 years$42,955$33,934$26,548$20,593$15,858$9,767
23 years$40,653$31,738$24,513$18,755$14,235$8,532
24 years$38,545$29,736$22,670$17,105$12,795$7,460
25 years$36,610$27,906$20,997$15,622$11,514$6,529
26 years$34,826$26,227$19,474$14,284$10,371$5,717
27 years$33,177$24,683$18,083$13,074$9,350$5,010
28 years$31,649$23,259$16,810$11,979$8,437$4,393
29 years$30,228$21,942$15,644$10,985$7,618$3,854
30 years$28,905$20,722$14,571$10,081$6,884$3,382
31 years$27,670$19,589$13,584$9,259$6,224$2,969
32 years$26,514$18,535$12,675$8,509$5,630$2,608
33 years$25,430$17,553$11,834$7,825$5,095$2,291
34 years$24,412$16,636$11,057$7,200$4,613$2,013
35 years$23,455$15,779$10,338$6,628$4,178$1,769
36 years$22,553$14,977$9,671$6,104$3,785$1,555
37 years$21,701$14,225$9,052$5,624$3,431$1,367
38 years$20,897$13,518$8,476$5,184$3,110$1,202
39 years$20,135$12,855$7,942$4,780$2,821$1,057
40 years$19,414$12,230$7,444$4,408$2,558$930
41 years$18,729$11,642$6,980$4,067$2,321$818
42 years$18,079$11,087$6,547$3,754$2,106$720
43 years$17,460$10,564$6,144$3,465$1,911$633
44 years$16,872$10,070$5,767$3,199$1,735$557
45 years$16,311$9,602$5,415$2,955$1,575$490
46 years$15,776$9,160$5,086$2,729$1,430$431
47 years$15,265$8,742$4,778$2,522$1,299$380
48 years$14,777$8,345$4,490$2,330$1,179$334
49 years$14,311$7,969$4,220$2,153$1,071$294
50 years$13,864$7,612$3,968$1,990$973$259

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $14,200,000, adding $2,403 every year, while hoping to spend $45,015 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: 34/37/29 Blend
66$14,200,000$14,200,000$14,200,000$14,200,000
67$15,650,879$14,898,279$14,678,179$16,045,655
68$17,199,373$15,580,399$15,122,002$17,026,767
69$18,904,304$16,294,434$15,579,185$18,079,828
70$20,781,583$17,041,901$16,050,127$19,214,566
71$22,848,739$17,824,388$16,535,240$20,438,291
72$25,125,088$18,643,561$17,034,949$21,759,014
73$27,631,918$19,501,166$17,549,690$23,185,517
74$30,392,682$20,399,032$18,079,914$24,727,435
75$33,433,227$21,339,076$18,626,082$26,395,334
76$36,782,033$22,323,307$19,188,673$28,200,808
77$40,470,483$23,353,833$19,768,176$30,156,582
78$44,533,161$24,432,859$20,365,099$32,276,620
79$49,008,175$25,562,701$20,979,961$34,576,255
80$53,937,518$26,745,782$21,613,299$37,072,325
81$59,367,465$27,984,646$22,265,665$39,783,318
82$65,349,009$29,281,956$22,937,628$42,729,546
83$71,938,342$30,640,506$23,629,771$45,933,323
84$79,197,384$32,063,221$24,342,700$49,419,165
85$87,194,370$33,553,172$25,077,033$53,214,016
86$96,004,492$35,113,574$25,833,411$57,347,489
87$105,710,611$36,747,800$26,612,490$61,852,136
88$116,404,033$38,459,382$27,414,949$66,763,743
89$128,185,380$40,252,027$28,241,485$72,121,658
90$141,165,530$42,129,618$29,092,816$77,969,148
91$155,466,671$44,096,226$29,969,682$84,353,795
92$171,223,448$46,156,118$30,872,844$91,327,934
93$188,584,242$48,313,770$31,803,086$98,949,131
94$207,712,560$50,573,870$32,761,215$107,280,713
95$228,788,588$52,941,336$33,748,062$116,392,348
96$252,010,885$55,421,323$34,764,483$126,360,690
97$277,598,261$58,019,233$35,811,359$137,270,084
98$305,791,840$60,740,732$36,889,596$149,213,346
99$336,857,339$63,591,760$38,000,129$162,292,619
100$371,087,573$66,578,542$39,143,919$176,620,320