Can I retire at age 67 with 14,500,000?

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 $14,500,000?

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$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,142,750
2 years$592,771$581,731$571,031$560,658$550,595$537,006
3 years$391,255$380,167$369,495$359,219$349,320$336,065
4 years$290,517$279,463$268,898$258,797$249,138$236,319
5 years$230,090$219,103$208,676$198,781$189,391$177,044
6 years$189,818$178,914$168,641$158,967$149,859$138,000
7 years$161,064$150,252$140,141$130,695$121,875$110,510
8 years$139,508$128,793$118,851$109,637$101,107$90,234
9 years$122,752$112,138$102,366$93,386$85,147$74,761
10 years$109,354$98,844$89,245$80,500$72,549$62,644
11 years$98,400$87,995$78,570$70,059$62,395$52,962
12 years$89,277$78,980$69,729$61,451$54,070$45,099
13 years$81,565$71,374$62,298$54,252$47,150$38,630
14 years$74,959$64,877$55,975$48,159$41,332$33,250
15 years$69,240$59,267$50,538$42,949$36,392$28,736
16 years$64,240$54,376$45,820$38,457$32,163$24,919
17 years$59,834$50,078$41,695$34,553$28,518$21,673
18 years$55,921$46,275$38,062$31,139$25,357$18,896
19 years$52,424$42,887$34,844$28,137$22,601$16,509
20 years$49,281$39,852$31,978$25,483$20,188$14,451
21 years$46,441$37,121$29,413$23,128$18,066$12,669
22 years$43,862$34,651$27,109$21,028$16,193$11,122
23 years$41,511$32,408$25,030$19,151$14,536$9,776
24 years$39,360$30,365$23,149$17,467$13,065$8,601
25 years$37,383$28,496$21,441$15,952$11,757$7,575
26 years$35,562$26,781$19,885$14,585$10,590$6,676
27 years$33,878$25,204$18,465$13,350$9,548$5,888
28 years$32,317$23,750$17,166$12,232$8,615$5,196
29 years$30,867$22,405$15,974$11,217$7,779$4,588
30 years$29,516$21,160$14,879$10,294$7,029$4,053
31 years$28,254$20,003$13,871$9,454$6,355$3,582
32 years$27,074$18,927$12,942$8,689$5,749$3,166
33 years$25,967$17,924$12,084$7,990$5,202$2,800
34 years$24,928$16,988$11,291$7,352$4,710$2,477
35 years$23,951$16,113$10,556$6,768$4,266$2,192
36 years$23,029$15,293$9,875$6,233$3,865$1,940
37 years$22,160$14,525$9,243$5,743$3,503$1,717
38 years$21,338$13,804$8,656$5,293$3,176$1,520
39 years$20,561$13,126$8,109$4,881$2,880$1,346
40 years$19,824$12,489$7,601$4,502$2,612$1,192
41 years$19,125$11,888$7,127$4,153$2,370$1,056
42 years$18,461$11,322$6,686$3,833$2,151$935
43 years$17,829$10,787$6,273$3,538$1,952$829
44 years$17,228$10,282$5,889$3,267$1,772$734
45 years$16,655$9,805$5,529$3,017$1,608$650
46 years$16,109$9,354$5,193$2,787$1,460$576
47 years$15,588$8,926$4,879$2,575$1,326$511
48 years$15,089$8,521$4,585$2,379$1,204$453
49 years$14,613$8,138$4,310$2,199$1,094$401
50 years$14,157$7,773$4,052$2,032$993$355

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $14,500,000, adding $6,999 every year, while hoping to spend $52,142 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: 63/23/14 Blend
66$14,500,000$14,500,000$14,500,000$14,500,000
67$15,986,219$15,217,719$14,992,969$16,938,926
68$17,561,335$15,907,909$15,439,755$18,268,662
69$19,295,365$16,630,170$15,899,761$19,713,488
70$21,204,463$17,386,020$16,373,374$21,289,935
71$23,306,430$18,177,046$16,860,994$23,010,800
72$25,620,880$19,004,915$17,363,031$24,890,163
73$28,169,425$19,871,372$17,879,907$26,943,512
74$30,975,881$20,778,243$18,412,059$29,187,884
75$34,066,491$21,727,447$18,959,933$31,642,025
76$37,470,171$22,720,990$19,523,989$34,326,564
77$41,218,787$23,760,977$20,104,701$37,264,199
78$45,347,452$24,849,613$20,702,557$40,479,910
79$49,894,857$25,989,210$21,318,058$44,001,190
80$54,903,640$27,182,188$21,951,720$47,858,299
81$60,420,782$28,431,087$22,604,074$52,084,545
82$66,498,059$29,738,567$23,275,667$56,716,593
83$73,192,519$31,107,415$23,967,060$61,794,805
84$80,567,032$32,540,554$24,678,832$67,363,617
85$88,690,874$34,041,047$25,411,579$73,471,951
86$97,640,388$35,612,103$26,165,911$80,173,671
87$107,499,698$37,257,086$26,942,460$87,528,085
88$118,361,507$38,979,523$27,741,872$95,600,497
89$130,327,972$40,783,111$28,564,815$104,462,818
90$143,511,664$42,671,722$29,411,975$114,194,238
91$158,036,634$44,649,417$30,284,058$124,881,962
92$174,039,586$46,720,454$31,181,789$136,622,028
93$191,671,160$48,889,292$32,105,915$149,520,207
94$211,097,360$51,160,609$33,057,204$163,692,988
95$232,501,118$53,539,306$34,036,448$179,268,670
96$256,084,022$56,030,522$35,044,459$196,388,565
97$282,068,217$58,639,643$36,082,073$215,208,322
98$310,698,505$61,372,315$37,150,152$235,899,382
99$342,244,651$64,234,456$38,249,581$258,650,590
100$377,003,933$67,232,272$39,381,269$283,669,963