Can I retire at age 67 with 14,400,000?

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 $14,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,134,869
2 years$588,682$577,719$567,093$556,791$546,798$533,303
3 years$388,557$377,546$366,947$356,741$346,911$333,747
4 years$288,513$277,536$267,043$257,012$247,420$234,689
5 years$228,503$217,592$207,237$197,410$188,085$175,823
6 years$188,509$177,680$167,478$157,870$148,825$137,048
7 years$159,953$149,215$139,175$129,794$121,035$109,748
8 years$138,546$127,905$118,031$108,881$100,410$89,611
9 years$121,905$111,364$101,660$92,742$84,560$74,245
10 years$108,600$98,162$88,630$79,945$72,049$62,212
11 years$97,721$87,388$78,028$69,576$61,965$52,597
12 years$88,662$78,435$69,248$61,027$53,697$44,788
13 years$81,002$70,882$61,869$53,878$46,825$38,363
14 years$74,442$64,430$55,589$47,827$41,047$33,021
15 years$68,762$58,858$50,190$42,653$36,141$28,537
16 years$63,797$54,001$45,504$38,191$31,941$24,747
17 years$59,421$49,733$41,407$34,315$28,321$21,523
18 years$55,535$45,955$37,799$30,924$25,182$18,765
19 years$52,063$42,591$34,603$27,943$22,445$16,396
20 years$48,941$39,578$31,757$25,308$20,048$14,351
21 years$46,120$36,865$29,211$22,968$17,941$12,582
22 years$43,560$34,412$26,922$20,883$16,082$11,045
23 years$41,225$32,185$24,858$19,019$14,436$9,708
24 years$39,088$30,155$22,989$17,346$12,975$8,542
25 years$37,125$28,299$21,293$15,842$11,676$7,522
26 years$35,316$26,597$19,748$14,485$10,517$6,630
27 years$33,644$25,031$18,338$13,258$9,482$5,847
28 years$32,094$23,586$17,047$12,147$8,556$5,160
29 years$30,654$22,251$15,864$11,139$7,726$4,556
30 years$29,312$21,014$14,777$10,223$6,981$4,025
31 years$28,059$19,865$13,776$9,389$6,311$3,557
32 years$26,887$18,796$12,853$8,629$5,709$3,145
33 years$25,788$17,800$12,001$7,935$5,167$2,781
34 years$24,756$16,871$11,213$7,301$4,678$2,460
35 years$23,785$16,002$10,483$6,721$4,237$2,177
36 years$22,871$15,188$9,807$6,190$3,839$1,926
37 years$22,007$14,425$9,179$5,703$3,479$1,705
38 years$21,191$13,709$8,596$5,257$3,154$1,510
39 years$20,419$13,036$8,053$4,847$2,860$1,337
40 years$19,687$12,402$7,548$4,471$2,594$1,184
41 years$18,993$11,806$7,078$4,125$2,354$1,049
42 years$18,333$11,244$6,639$3,807$2,136$929
43 years$17,706$10,713$6,230$3,514$1,938$823
44 years$17,109$10,212$5,848$3,245$1,759$729
45 years$16,540$9,738$5,491$2,996$1,597$646
46 years$15,998$9,289$5,157$2,768$1,450$572
47 years$15,480$8,865$4,845$2,557$1,317$507
48 years$14,985$8,463$4,553$2,363$1,196$449
49 years$14,512$8,081$4,280$2,184$1,086$398
50 years$14,059$7,720$4,024$2,018$987$353

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $14,400,000, adding $3,023 every year, while hoping to spend $30,793 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: 44/28/28 Blend
66$14,400,000$14,400,000$14,400,000$14,400,000
67$15,871,918$15,108,718$14,885,518$16,441,068
68$17,458,090$15,816,282$15,351,420$17,555,258
69$19,205,020$16,557,484$15,831,897$18,759,126
70$21,129,072$17,333,941$16,327,405$20,063,584
71$23,248,279$18,147,346$16,838,415$21,478,009
72$25,582,513$18,999,475$17,365,411$23,012,698
73$28,153,670$19,892,190$17,908,893$24,678,962
74$30,985,880$20,827,443$18,469,376$26,489,221
75$34,105,732$21,807,280$19,047,393$28,457,123
76$37,542,526$22,833,846$19,643,491$30,597,665
77$41,328,552$23,909,392$20,258,235$32,927,327
78$45,499,387$25,036,276$20,892,209$35,464,222
79$50,094,240$26,216,969$21,546,014$38,228,262
80$55,156,317$27,454,065$22,220,269$41,241,336
81$60,733,228$28,750,281$22,915,615$44,527,514
82$66,877,440$30,108,467$23,632,711$48,113,264
83$73,646,767$31,531,611$24,372,235$52,027,693
84$81,104,923$33,022,845$25,134,891$56,302,818
85$89,322,116$34,585,455$25,921,400$60,973,856
86$98,375,714$36,222,884$26,732,509$66,079,548
87$108,350,975$37,938,744$27,568,987$71,662,517
88$119,341,852$39,736,820$28,431,625$77,769,661
89$131,451,880$41,621,083$29,321,244$84,452,586
90$144,795,151$43,595,696$30,238,685$91,768,078
91$159,497,394$45,665,022$31,184,818$99,778,635
92$175,697,159$47,833,640$32,160,541$108,553,041
93$193,547,128$50,106,347$33,166,778$118,167,006
94$213,215,553$52,488,176$34,204,483$128,703,866
95$234,887,846$54,984,402$35,274,639$140,255,358
96$258,768,328$57,600,560$36,378,261$152,922,472
97$285,082,160$60,342,450$37,516,396$166,816,392
98$314,077,466$63,216,156$38,690,120$182,059,525
99$346,027,676$66,228,056$39,900,548$198,786,650
100$381,234,109$69,384,840$41,148,826$217,146,166