Can I retire at age 67 with 15,700,000?

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,233,231
2 years$641,827$629,874$618,289$607,057$596,162$577,355
3 years$423,635$411,630$400,074$388,947$378,230$359,910
4 years$314,560$302,591$291,151$280,215$269,757$252,066
5 years$249,132$237,235$225,945$215,232$205,065$188,053
6 years$205,527$193,720$182,598$172,122$162,261$145,949
7 years$174,394$162,686$151,739$141,511$131,961$116,354
8 years$151,054$139,452$128,687$118,710$109,475$94,570
9 years$132,910$121,418$110,838$101,115$92,194$77,984
10 years$118,404$107,024$96,631$87,162$78,553$65,028
11 years$106,543$95,277$85,073$75,857$67,559$54,704
12 years$96,666$85,516$75,500$66,537$58,545$46,345
13 years$88,315$77,281$67,454$58,742$51,052$39,490
14 years$81,163$70,247$60,608$52,145$44,752$33,810
15 years$74,970$64,171$54,721$46,504$39,403$29,061
16 years$69,557$58,876$49,612$41,639$34,825$25,062
17 years$64,785$54,223$45,145$37,412$30,878$21,674
18 years$60,549$50,104$41,212$33,716$27,455$18,788
19 years$56,763$46,436$37,727$30,465$24,472$16,320
20 years$53,359$43,151$34,624$27,592$21,858$14,201
21 years$50,284$40,193$31,848$25,042$19,561$12,375
22 years$47,492$37,519$29,353$22,769$17,533$10,798
23 years$44,947$35,091$27,102$20,736$15,739$9,433
24 years$42,617$32,878$25,065$18,912$14,147$8,248
25 years$40,477$30,854$23,215$17,272$12,730$7,218
26 years$38,505$28,998$21,531$15,792$11,467$6,321
27 years$36,682$27,290$19,993$14,455$10,338$5,540
28 years$34,992$25,716$18,586$13,244$9,328$4,857
29 years$33,421$24,260$17,296$12,145$8,423$4,261
30 years$31,958$22,911$16,111$11,146$7,611$3,739
31 years$30,592$21,658$15,019$10,237$6,881$3,283
32 years$29,314$20,493$14,013$9,408$6,224$2,883
33 years$28,116$19,407$13,084$8,651$5,633$2,533
34 years$26,991$18,394$12,225$7,960$5,100$2,226
35 years$25,933$17,446$11,430$7,328$4,619$1,956
36 years$24,935$16,559$10,692$6,749$4,185$1,719
37 years$23,994$15,727$10,008$6,218$3,793$1,512
38 years$23,104$14,946$9,372$5,731$3,439$1,329
39 years$22,262$14,213$8,780$5,284$3,119$1,169
40 years$21,464$13,522$8,230$4,874$2,829$1,028
41 years$20,707$12,872$7,717$4,497$2,566$904
42 years$19,988$12,259$7,239$4,150$2,329$796
43 years$19,305$11,680$6,793$3,831$2,113$700
44 years$18,654$11,133$6,376$3,537$1,918$616
45 years$18,034$10,617$5,987$3,267$1,741$542
46 years$17,442$10,128$5,623$3,018$1,581$477
47 years$16,878$9,665$5,283$2,788$1,436$420
48 years$16,338$9,227$4,964$2,576$1,304$369
49 years$15,822$8,811$4,666$2,381$1,184$325
50 years$15,329$8,417$4,387$2,201$1,076$286

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $15,700,000, adding $3,577 every year, while hoping to spend $56,915 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: 81/14/5 Blend
66$15,700,000$15,700,000$15,700,000$15,700,000
67$17,305,090$16,472,990$16,229,640$18,704,423
68$19,009,652$17,219,609$16,712,775$20,366,420
69$20,886,172$18,000,905$17,210,189$22,182,058
70$22,952,129$18,818,517$17,722,298$24,172,890
71$25,226,784$19,674,163$18,249,533$26,356,382
72$27,731,360$20,569,641$18,792,337$28,751,768
73$30,489,244$21,506,839$19,351,165$31,380,221
74$33,526,205$22,487,731$19,926,487$34,265,059
75$36,870,637$23,514,390$20,518,784$37,431,958
76$40,553,832$24,588,985$21,128,553$40,909,192
77$44,610,268$25,713,790$21,756,304$44,727,899
78$49,077,939$26,891,189$22,402,564$48,922,369
79$53,998,710$28,123,679$23,067,872$53,530,369
80$59,418,718$29,413,879$23,752,785$58,593,492
81$65,388,799$30,764,530$24,457,874$64,157,550
82$71,964,973$32,178,509$25,183,730$70,273,000
83$79,208,972$33,658,828$25,930,956$76,995,420
84$87,188,821$35,208,645$26,700,178$84,386,026
85$95,979,482$36,831,269$27,492,035$92,512,249
86$105,663,559$38,530,171$28,307,188$101,448,368
87$116,332,077$40,308,985$29,146,314$111,276,203
88$128,085,346$42,171,522$30,010,113$122,085,889
89$141,033,902$44,121,777$30,899,301$133,976,715
90$155,299,551$46,163,935$31,814,619$147,058,062
91$171,016,523$48,302,386$32,756,826$161,450,431
92$188,332,732$50,541,727$33,726,705$177,286,569
93$207,411,180$52,886,781$34,725,058$194,712,724
94$228,431,487$55,342,600$35,752,715$213,890,014
95$251,591,594$57,914,482$36,810,525$234,995,946
96$277,109,624$60,607,979$37,899,365$258,226,085
97$305,225,947$63,428,912$39,020,136$283,795,890
98$336,205,447$66,383,381$40,173,763$311,942,745
99$370,340,018$69,477,783$41,361,200$342,928,192
100$407,951,327$72,718,821$42,583,427$377,040,390