Can I retire at age 67 with 15,400,000?

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 $15,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$1,271,718$1,260,390$1,249,338$1,238,551$1,228,018$1,189,184
2 years$629,563$617,838$606,475$595,457$584,770$545,998
3 years$415,540$403,764$392,429$381,515$371,002$333,508
4 years$308,549$296,809$285,588$274,860$264,602$228,673
5 years$244,371$232,702$221,628$211,119$201,146$166,879
6 years$201,600$190,019$179,108$168,834$159,160$126,583
7 years$171,061$159,577$148,840$138,807$129,440$98,551
8 years$148,168$136,787$126,228$116,442$107,383$78,161
9 years$130,371$119,098$108,720$99,183$90,432$62,844
10 years$116,142$104,979$94,785$85,497$77,052$51,058
11 years$104,507$93,457$83,447$74,408$66,268$41,818
12 years$94,819$83,882$74,057$65,265$57,426$34,471
13 years$86,627$75,805$66,165$57,620$50,077$28,559
14 years$79,612$68,904$59,450$51,148$43,897$23,759
15 years$73,538$62,945$53,675$45,615$38,650$19,833
16 years$68,228$57,751$48,664$40,844$34,159$16,601
17 years$63,548$53,187$44,283$36,698$30,288$13,928
18 years$59,392$49,147$40,424$33,072$26,931$11,707
19 years$55,678$45,549$37,006$29,883$24,004$9,855
20 years$52,340$42,326$33,963$27,065$21,441$8,308
21 years$49,323$39,425$31,239$24,563$19,187$7,011
22 years$46,585$36,802$28,792$22,334$17,198$5,922
23 years$44,088$34,420$26,584$20,340$15,438$5,006
24 years$41,803$32,249$24,586$18,551$13,876$4,234
25 years$39,704$30,264$22,771$16,942$12,487$3,584
26 years$37,769$28,444$21,119$15,491$11,247$3,034
27 years$35,981$26,769$19,611$14,179$10,141$2,570
28 years$34,323$25,224$18,231$12,991$9,150$2,178
29 years$32,783$23,796$16,966$11,913$8,262$1,846
30 years$31,348$22,473$15,803$10,933$7,465$1,565
31 years$30,008$21,244$14,732$10,041$6,749$1,327
32 years$28,754$20,101$13,746$9,228$6,105$1,125
33 years$27,579$19,036$12,834$8,486$5,525$955
34 years$26,475$18,042$11,992$7,808$5,003$810
35 years$25,437$17,113$11,211$7,188$4,531$687
36 years$24,459$16,242$10,488$6,620$4,105$583
37 years$23,535$15,427$9,817$6,099$3,721$495
38 years$22,663$14,661$9,193$5,622$3,373$420
39 years$21,837$13,941$8,613$5,183$3,059$356
40 years$21,054$13,264$8,073$4,781$2,775$302
41 years$20,312$12,626$7,570$4,411$2,517$257
42 years$19,606$12,024$7,101$4,071$2,284$218
43 years$18,936$11,457$6,663$3,758$2,073$185
44 years$18,297$10,921$6,254$3,470$1,882$157
45 years$17,689$10,414$5,873$3,204$1,708$133
46 years$17,109$9,934$5,516$2,960$1,551$113
47 years$16,555$9,481$5,182$2,735$1,408$96
48 years$16,026$9,050$4,869$2,527$1,279$81
49 years$15,520$8,643$4,577$2,335$1,162$69
50 years$15,036$8,256$4,303$2,159$1,055$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $15,400,000, adding $6,233 every year, while hoping to spend $49,845 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: 46/27/27 Blend
66$15,400,000$15,400,000$15,400,000$15,400,000
67$16,977,229$16,161,029$15,922,329$17,625,987
68$18,655,872$16,899,885$16,402,693$18,824,348
69$20,504,066$17,673,274$16,897,478$20,118,464
70$22,539,052$18,482,836$17,407,115$21,521,663
71$24,779,829$19,330,289$17,932,047$23,044,184
72$27,247,332$20,217,434$18,472,731$24,697,279
73$29,964,629$21,146,157$19,029,637$26,493,306
74$32,957,140$22,118,437$19,603,248$28,445,847
75$36,252,875$23,136,347$20,194,063$30,569,827
76$39,882,698$24,202,059$20,802,595$32,881,650
77$43,880,623$25,317,849$21,429,371$35,399,350
78$48,284,128$26,486,105$22,074,936$38,142,754
79$53,134,512$27,709,327$22,739,849$41,133,662
80$58,477,285$28,990,137$23,424,687$44,396,048
81$64,362,597$30,331,283$24,130,044$47,956,277
82$70,845,711$31,735,645$24,856,529$51,843,350
83$77,987,524$33,206,242$25,604,773$56,089,167
84$85,855,142$34,746,237$26,375,423$60,728,823
85$94,522,512$36,358,949$27,169,146$65,800,929
86$104,071,124$38,047,853$27,986,628$71,347,970
87$114,590,775$39,816,594$28,828,576$77,416,695
88$126,180,418$41,668,992$29,695,718$84,058,552
89$138,949,099$43,609,051$30,588,803$91,330,160
90$153,016,981$45,640,968$31,508,602$99,293,838
91$168,516,482$47,769,145$32,455,909$108,018,178
92$185,593,523$49,998,192$33,431,541$117,578,686
93$204,408,905$52,332,947$34,436,341$128,058,480
94$225,139,829$54,778,476$35,471,174$139,549,063
95$247,981,565$57,340,095$36,536,932$152,151,177
96$273,149,299$60,023,374$37,634,533$165,975,736
97$300,880,160$62,834,152$38,764,923$181,144,867
98$331,435,463$65,778,552$39,929,074$197,793,038
99$365,103,171$68,862,992$41,127,989$216,068,322
100$402,200,615$72,094,200$42,362,697$236,133,775