Can I retire at age 67 with 16,000,000?

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 $16,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,262,013
2 years$654,092$641,910$630,104$618,657$607,554$593,609
3 years$431,730$419,495$407,719$396,379$385,457$371,850
4 years$320,570$308,373$296,715$285,569$274,911$261,747
5 years$253,892$241,768$230,263$219,344$208,983$196,300
6 years$209,455$197,422$186,087$175,411$165,361$153,174
7 years$177,726$165,795$154,639$144,215$134,483$122,797
8 years$153,940$142,117$131,146$120,979$111,567$100,382
9 years$135,450$123,738$112,956$103,047$93,955$83,267
10 years$120,667$109,069$98,478$88,828$80,054$69,856
11 years$108,579$97,098$86,698$77,307$68,850$59,132
12 years$98,513$87,150$76,942$67,808$59,664$50,417
13 years$90,002$78,758$68,743$59,865$52,028$43,241
14 years$82,714$71,589$61,766$53,141$45,607$37,269
15 years$76,403$65,398$55,766$47,392$40,156$32,252
16 years$70,886$60,001$50,560$42,435$35,490$28,008
17 years$66,023$55,259$46,008$38,127$31,468$24,393
18 years$61,706$51,062$41,999$34,360$27,980$21,298
19 years$57,847$47,323$38,448$31,048$24,939$18,635
20 years$54,379$43,975$35,286$28,120$22,276$16,336
21 years$51,245$40,961$32,456$25,520$19,935$14,343
22 years$48,400$38,236$29,913$23,204$17,869$12,611
23 years$45,806$35,761$27,620$21,132$16,040$11,101
24 years$43,431$33,506$25,544$19,274$14,417$9,782
25 years$41,250$31,444$23,659$17,602$12,973$8,628
26 years$39,241$29,552$21,942$16,094$11,686$7,617
27 years$37,383$27,812$20,375$14,731$10,536$6,728
28 years$35,661$26,207$18,941$13,497$9,506$5,947
29 years$34,060$24,723$17,627$12,377$8,584$5,260
30 years$32,569$23,348$16,418$11,359$7,756$4,654
31 years$31,177$22,072$15,306$10,433$7,012$4,120
32 years$29,875$20,885$14,281$9,588$6,343$3,648
33 years$28,654$19,778$13,334$8,817$5,741$3,232
34 years$27,507$18,745$12,459$8,112$5,197$2,863
35 years$26,428$17,779$11,648$7,468$4,708$2,538
36 years$25,412$16,875$10,897$6,878$4,265$2,250
37 years$24,452$16,028$10,199$6,337$3,866$1,995
38 years$23,546$15,232$9,551$5,841$3,505$1,769
39 years$22,688$14,484$8,948$5,385$3,178$1,569
40 years$21,875$13,780$8,387$4,967$2,883$1,392
41 years$21,103$13,118$7,864$4,583$2,615$1,235
42 years$20,370$12,493$7,377$4,230$2,373$1,096
43 years$19,674$11,903$6,922$3,904$2,154$973
44 years$19,010$11,346$6,498$3,605$1,955$863
45 years$18,378$10,820$6,101$3,329$1,775$766
46 years$17,776$10,322$5,731$3,075$1,611$680
47 years$17,200$9,850$5,384$2,841$1,463$604
48 years$16,650$9,403$5,059$2,625$1,329$536
49 years$16,125$8,979$4,755$2,426$1,207$476
50 years$15,622$8,577$4,471$2,243$1,096$422

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $16,000,000, adding $2,494 every year, while hoping to spend $57,440 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: 33/39/28 Blend
66$16,000,000$16,000,000$16,000,000$16,000,000
67$17,634,573$16,786,573$16,538,573$18,066,316
68$19,372,183$17,547,999$17,031,499$19,156,324
69$21,285,105$18,344,810$17,539,013$20,324,944
70$23,391,159$19,178,679$18,061,544$21,583,309
71$25,709,982$20,051,359$18,599,530$22,939,405
72$28,263,213$20,964,688$19,153,427$24,401,982
73$31,074,693$21,920,591$19,723,699$25,980,635
74$34,170,697$22,921,084$20,310,828$27,685,883
75$37,580,173$23,968,283$20,915,306$29,529,261
76$41,335,025$25,064,403$21,537,643$31,523,424
77$45,470,404$26,211,765$22,178,361$33,682,258
78$50,025,047$27,412,803$22,837,997$36,021,000
79$55,041,638$28,670,067$23,517,107$38,556,376
80$60,567,214$29,986,229$24,216,258$41,306,751
81$66,653,605$31,364,089$24,936,038$44,292,288
82$73,357,927$32,806,584$25,677,050$47,535,134
83$80,743,118$34,316,789$26,439,914$51,059,614
84$88,878,533$35,897,929$27,225,268$54,892,456
85$97,840,598$37,553,382$28,033,769$59,063,023
86$107,713,532$39,286,691$28,866,093$63,603,589
87$118,590,141$41,101,567$29,722,936$68,549,623
88$130,572,694$43,001,903$30,605,013$73,940,116
89$143,773,887$44,991,775$31,513,059$79,817,931
90$158,317,910$47,075,458$32,447,833$86,230,200
91$174,341,614$49,257,432$33,410,113$93,228,750
92$191,995,807$51,542,395$34,400,700$100,870,575
93$211,446,676$53,935,269$35,420,420$109,218,365
94$232,877,353$56,441,213$36,470,120$118,341,073
95$256,489,647$59,065,636$37,550,673$128,314,556
96$282,505,947$61,814,209$38,662,977$139,222,268
97$311,171,322$64,692,874$39,807,955$151,156,028
98$342,755,834$67,707,861$40,986,558$164,216,871
99$377,557,084$70,865,701$42,199,763$178,515,978
100$415,903,026$74,173,240$43,448,575$194,175,705