Can I retire at age 67 with 15,200,000?

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 $15,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$1,255,202$1,244,021$1,233,113$1,222,466$1,212,069$1,170,461
2 years$621,387$609,814$598,598$587,724$577,176$535,680
3 years$410,143$398,520$387,333$376,560$366,184$326,104
4 years$304,542$292,955$281,879$271,291$261,166$222,808
5 years$241,198$229,680$218,750$208,377$198,534$162,000
6 years$198,982$187,551$176,782$166,641$157,093$122,411
7 years$168,840$157,505$146,907$137,005$127,759$94,923
8 years$146,243$135,011$124,589$114,930$105,988$74,973
9 years$128,678$117,551$107,308$97,895$89,257$60,024
10 years$114,633$103,616$93,554$84,386$76,052$48,552
11 years$103,150$92,243$82,363$73,441$65,407$39,586
12 years$93,587$82,792$73,095$64,418$56,680$32,479
13 years$85,502$74,820$65,306$56,871$49,426$26,781
14 years$78,578$68,009$58,678$50,484$43,327$22,172
15 years$72,583$62,128$52,978$45,023$38,148$18,416
16 years$67,342$57,001$48,032$40,313$33,716$15,338
17 years$62,722$52,496$43,707$36,221$29,895$12,802
18 years$58,621$48,509$39,899$32,642$26,581$10,704
19 years$54,955$44,957$36,526$29,495$23,692$8,964
20 years$51,660$41,776$33,522$26,714$21,162$7,516
21 years$48,683$38,913$30,833$24,244$18,938$6,308
22 years$45,980$36,324$28,418$22,044$16,975$5,299
23 years$43,515$33,973$26,239$20,076$15,238$4,455
24 years$41,260$31,831$24,266$18,310$13,696$3,747
25 years$39,188$29,871$22,476$16,722$12,324$3,154
26 years$37,279$28,074$20,845$15,290$11,101$2,655
27 years$35,514$26,421$19,356$13,995$10,009$2,237
28 years$33,877$24,897$17,994$12,822$9,031$1,884
29 years$32,357$23,487$16,745$11,758$8,155$1,588
30 years$30,941$22,181$15,598$10,791$7,368$1,339
31 years$29,618$20,968$14,541$9,911$6,662$1,129
32 years$28,381$19,840$13,567$9,108$6,026$952
33 years$27,221$18,789$12,668$8,376$5,454$802
34 years$26,132$17,808$11,836$7,707$4,938$677
35 years$25,107$16,890$11,066$7,094$4,472$571
36 years$24,141$16,032$10,352$6,534$4,052$482
37 years$23,230$15,226$9,689$6,020$3,672$406
38 years$22,368$14,470$9,073$5,549$3,329$343
39 years$21,553$13,760$8,501$5,116$3,019$289
40 years$20,781$13,091$7,968$4,719$2,739$244
41 years$20,048$12,462$7,471$4,354$2,485$206
42 years$19,352$11,868$7,008$4,018$2,254$174
43 years$18,690$11,308$6,576$3,709$2,046$147
44 years$18,060$10,779$6,173$3,425$1,857$124
45 years$17,459$10,279$5,796$3,163$1,686$104
46 years$16,887$9,805$5,444$2,922$1,531$88
47 years$16,340$9,357$5,115$2,699$1,390$74
48 years$15,818$8,933$4,806$2,494$1,262$63
49 years$15,318$8,530$4,518$2,305$1,147$53
50 years$14,841$8,149$4,247$2,131$1,041$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $15,200,000, adding $5,320 every year, while hoping to spend $24,422 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: 33/42/25 Blend
66$15,200,000$15,200,000$15,200,000$15,200,000
67$16,755,888$15,950,288$15,714,688$17,180,763
68$18,439,003$16,705,867$16,215,145$18,257,014
69$20,292,978$17,497,651$16,731,549$19,413,552
70$22,335,214$18,327,388$17,264,408$20,659,527
71$24,584,888$19,196,912$17,814,247$22,002,857
72$27,063,129$20,108,144$18,381,608$23,452,213
73$29,793,225$21,063,099$18,967,048$25,017,095
74$32,800,835$22,063,892$19,571,145$26,707,915
75$36,114,235$23,112,737$20,194,493$28,536,086
76$39,764,584$24,211,959$20,837,706$30,514,121
77$43,786,221$25,363,994$21,501,418$32,655,745
78$48,216,982$26,571,396$22,186,282$34,976,013
79$53,098,564$27,836,845$22,892,973$37,491,441
80$58,476,917$29,163,149$23,622,187$40,220,159
81$64,402,674$30,553,255$24,374,642$43,182,063
82$70,931,634$32,010,252$25,151,079$46,398,996
83$78,125,284$33,537,377$25,952,263$49,894,945
84$86,051,382$35,138,028$26,778,984$53,696,250
85$94,784,599$36,815,767$27,632,055$57,831,846
86$104,407,216$38,574,328$28,512,317$62,333,519
87$115,009,910$40,417,628$29,420,638$67,236,193
88$126,692,603$42,349,774$30,357,912$72,578,247
89$139,565,410$44,375,074$31,325,062$78,401,860
90$153,749,672$46,498,043$32,323,042$84,753,398
91$169,379,110$48,723,418$33,352,836$91,683,830
92$186,601,080$51,056,166$34,415,456$99,249,193
93$205,577,967$53,501,496$35,511,952$107,511,106
94$226,488,721$56,064,870$36,643,403$116,537,332
95$249,530,537$58,752,016$37,810,924$126,402,395
96$274,920,728$61,568,941$39,015,666$137,188,266
97$302,898,768$64,521,944$40,258,816$148,985,115
98$333,728,556$67,617,633$41,541,600$161,892,140
99$367,700,906$70,862,935$42,865,282$176,018,476
100$405,136,296$74,265,116$44,231,166$191,484,207