Can I retire at age 67 with 14,700,000?

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,135,130
2 years$600,947$589,755$578,908$568,391$558,190$521,180
3 years$396,652$385,411$374,592$364,174$354,139$318,349
4 years$294,524$283,318$272,607$262,367$252,575$218,279
5 years$233,263$222,125$211,554$201,523$192,003$159,293
6 years$192,436$181,382$170,967$161,159$151,926$120,830
7 years$163,286$152,324$142,074$132,498$123,556$94,071
8 years$141,433$130,570$120,490$111,149$102,502$74,608
9 years$124,445$113,684$103,778$94,674$86,321$59,988
10 years$110,862$100,207$90,476$81,610$73,550$48,737
11 years$99,757$89,209$79,654$71,025$63,256$39,918
12 years$90,509$80,069$70,691$62,299$54,816$32,904
13 years$82,690$72,359$63,158$55,001$47,801$27,261
14 years$75,993$65,772$56,747$48,823$41,902$22,679
15 years$70,195$60,084$51,235$43,542$36,894$18,931
16 years$65,127$55,126$46,452$38,987$32,607$15,846
17 years$60,659$50,769$42,270$35,029$28,911$13,294
18 years$56,692$46,913$38,587$31,569$25,707$11,175
19 years$53,147$43,478$35,324$28,525$22,913$9,407
20 years$49,961$40,402$32,419$25,835$20,466$7,930
21 years$47,081$37,633$29,819$23,447$18,315$6,692
22 years$44,467$35,129$27,483$21,318$16,417$5,653
23 years$42,084$32,856$25,376$19,415$14,737$4,778
24 years$39,903$30,784$23,468$17,708$13,246$4,042
25 years$37,899$28,889$21,736$16,172$11,919$3,421
26 years$36,052$27,151$20,159$14,787$10,736$2,896
27 years$34,345$25,552$18,720$13,535$9,680$2,453
28 years$32,763$24,078$17,402$12,401$8,734$2,079
29 years$31,293$22,714$16,194$11,372$7,887$1,762
30 years$29,923$21,451$15,084$10,436$7,126$1,494
31 years$28,644$20,279$14,063$9,585$6,443$1,267
32 years$27,447$19,188$13,121$8,809$5,828$1,074
33 years$26,326$18,171$12,251$8,100$5,274$911
34 years$25,272$17,222$11,447$7,453$4,775$773
35 years$24,281$16,335$10,702$6,861$4,325$656
36 years$23,347$15,504$10,011$6,319$3,919$556
37 years$22,466$14,725$9,370$5,822$3,552$472
38 years$21,633$13,994$8,775$5,366$3,220$401
39 years$20,844$13,307$8,221$4,948$2,920$340
40 years$20,097$12,661$7,706$4,564$2,648$289
41 years$19,388$12,052$7,225$4,211$2,403$245
42 years$18,715$11,478$6,778$3,886$2,180$208
43 years$18,075$10,936$6,360$3,587$1,979$176
44 years$17,466$10,424$5,970$3,312$1,796$150
45 years$16,885$9,941$5,606$3,059$1,631$127
46 years$16,331$9,483$5,265$2,825$1,480$108
47 years$15,803$9,050$4,946$2,610$1,344$92
48 years$15,298$8,639$4,648$2,412$1,221$78
49 years$14,815$8,250$4,369$2,229$1,109$66
50 years$14,352$7,881$4,107$2,060$1,007$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $14,700,000, adding $5,564 every year, while hoping to spend $56,039 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: 65/14/21 Blend
66$14,700,000$14,700,000$14,700,000$14,700,000
67$16,205,139$15,426,039$15,198,189$17,171,288
68$17,798,438$16,122,290$15,647,704$18,517,622
69$19,552,376$16,850,779$16,110,398$19,981,525
70$21,483,278$17,613,027$16,586,656$21,580,093
71$23,609,133$18,410,626$17,076,870$23,326,533
72$25,949,764$19,245,246$17,581,445$25,235,375
73$28,527,014$20,118,637$18,100,797$27,322,613
74$31,364,949$21,032,630$18,635,354$29,605,849
75$34,490,092$21,989,147$19,185,556$32,104,457
76$37,931,665$22,990,199$19,751,856$34,839,765
77$41,721,873$24,037,896$20,334,721$37,835,250
78$45,896,198$25,134,448$20,934,628$41,116,759
79$50,493,743$26,282,169$21,552,071$44,712,747
80$55,557,596$27,483,486$22,187,557$48,654,545
81$61,135,237$28,740,943$22,841,606$52,976,650
82$67,278,987$30,057,205$23,514,756$57,717,046
83$74,046,500$31,435,064$24,207,556$62,917,562
84$81,501,308$32,877,448$24,920,574$68,624,260
85$89,713,422$34,387,423$25,654,394$74,887,864
86$98,759,989$35,968,205$26,409,615$81,764,238
87$108,726,024$37,623,163$27,186,853$89,314,907
88$119,705,208$39,355,828$27,986,742$97,607,632
89$131,800,777$41,169,901$28,809,936$106,717,044
90$145,126,492$43,069,262$29,657,104$116,725,348
91$159,807,714$45,057,975$30,528,936$127,723,085
92$175,982,587$47,140,302$31,426,142$139,809,990
93$193,803,344$49,320,710$32,349,451$153,095,920
94$213,437,739$51,603,879$33,299,612$167,701,890
95$235,070,637$53,994,717$34,277,397$183,761,203
96$258,905,751$56,498,367$35,283,599$201,420,710
97$285,167,570$59,120,220$36,319,032$220,842,181
98$314,103,478$61,865,927$37,384,536$242,203,828
99$345,986,087$64,741,411$38,480,971$265,701,981
100$381,115,809$67,752,882$39,609,225$291,552,930