Can I retire at age 67 with 16,700,000?

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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,301,604
2 years$682,708$669,993$657,671$645,723$634,134$603,992
3 years$450,618$437,848$425,556$413,721$402,321$373,057
4 years$334,595$321,865$309,696$298,063$286,938$258,777
5 years$265,000$252,346$240,337$228,941$218,126$191,147
6 years$218,618$206,059$194,228$183,086$172,596$146,826
7 years$185,501$173,048$161,404$150,525$140,367$115,812
8 years$160,675$148,334$136,884$126,272$116,448$93,098
9 years$141,376$129,152$117,898$107,555$98,066$75,904
10 years$125,946$113,841$102,786$92,714$83,557$62,559
11 years$113,329$101,346$90,491$80,689$71,862$52,000
12 years$102,823$90,963$80,309$70,775$62,274$43,516
13 years$93,940$82,204$71,750$62,484$54,304$36,616
14 years$86,333$74,721$64,468$55,466$47,603$30,949
15 years$79,745$68,259$58,206$49,466$41,913$26,255
16 years$73,987$62,626$52,772$44,291$37,043$22,341
17 years$68,912$57,676$48,021$39,795$32,845$19,060
18 years$64,405$53,296$43,837$35,864$29,204$16,296
19 years$60,378$49,394$40,130$32,406$26,030$13,957
20 years$56,758$45,899$36,830$29,350$23,251$11,973
21 years$53,487$42,753$33,876$26,637$20,807$10,284
22 years$50,517$39,909$31,222$24,219$18,650$8,844
23 years$47,810$37,326$28,828$22,057$16,742$7,612
24 years$45,332$34,972$26,661$20,117$15,048$6,557
25 years$43,055$32,819$24,694$18,372$13,541$5,653
26 years$40,957$30,845$22,902$16,798$12,197$4,876
27 years$39,018$29,029$21,267$15,376$10,997$4,208
28 years$37,221$27,353$19,770$14,088$9,922$3,633
29 years$35,550$25,805$18,398$12,919$8,960$3,138
30 years$33,994$24,370$17,137$11,856$8,096$2,711
31 years$32,541$23,038$15,976$10,889$7,319$2,343
32 years$31,182$21,798$14,906$10,007$6,621$2,025
33 years$29,907$20,643$13,918$9,202$5,992$1,751
34 years$28,710$19,565$13,004$8,467$5,425$1,515
35 years$27,584$18,557$12,158$7,794$4,914$1,310
36 years$26,523$17,614$11,373$7,178$4,452$1,133
37 years$25,522$16,729$10,645$6,614$4,035$980
38 years$24,576$15,898$9,969$6,096$3,658$848
39 years$23,680$15,118$9,340$5,621$3,317$734
40 years$22,832$14,383$8,754$5,185$3,009$635
41 years$22,026$13,692$8,209$4,783$2,730$550
42 years$21,262$13,039$7,700$4,415$2,477$476
43 years$20,534$12,424$7,225$4,075$2,248$412
44 years$19,842$11,843$6,782$3,763$2,040$356
45 years$19,182$11,293$6,368$3,475$1,852$309
46 years$18,553$10,773$5,981$3,210$1,682$267
47 years$17,953$10,281$5,619$2,966$1,527$231
48 years$17,379$9,814$5,281$2,740$1,387$200
49 years$16,830$9,372$4,963$2,533$1,260$173
50 years$16,305$8,953$4,666$2,341$1,144$150

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $16,700,000, adding $3,889 every year, while hoping to spend $48,416 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: 31/45/24 Blend
66$16,700,000$16,700,000$16,700,000$16,700,000
67$18,407,412$17,522,312$17,263,462$18,841,529
68$20,233,453$18,329,391$17,790,273$19,980,419
69$22,244,129$19,174,394$18,333,110$21,200,936
70$24,458,219$20,059,128$18,892,459$22,513,796
71$26,896,420$20,985,488$19,468,819$23,927,089
72$29,581,536$21,955,459$20,062,706$25,449,671
73$32,538,698$22,971,121$20,674,652$27,091,240
74$35,795,595$24,034,656$21,305,202$28,862,422
75$39,382,741$25,148,349$21,954,922$30,774,859
76$43,333,760$26,314,598$22,624,391$32,841,313
77$47,685,703$27,535,912$23,314,207$35,075,776
78$52,479,399$28,814,926$24,024,988$37,493,591
79$57,759,839$30,154,399$24,757,366$40,111,589
80$63,576,602$31,557,224$25,511,997$42,948,234
81$69,984,320$33,026,433$26,289,554$46,023,789
82$77,043,197$34,565,204$27,090,730$49,360,494
83$84,819,574$36,176,871$27,916,241$52,982,761
84$93,386,558$37,864,925$28,766,822$56,917,398
85$102,824,709$39,633,028$29,643,233$61,193,841
86$113,222,802$41,485,019$30,546,254$65,844,425
87$124,678,665$43,424,922$31,476,691$70,904,669
88$137,300,100$45,456,955$32,435,372$76,413,597
89$151,205,905$47,585,540$33,423,151$82,414,091
90$166,526,990$49,815,314$34,440,909$88,953,282
91$183,407,614$52,151,136$35,489,551$96,082,969
92$202,006,751$54,598,102$36,570,011$103,860,098
93$222,499,584$57,161,553$37,683,251$112,347,275
94$245,079,162$59,847,090$38,830,260$121,613,340
95$269,958,223$62,660,584$40,012,060$131,733,993
96$297,371,199$65,608,190$41,229,702$142,792,486
97$327,576,432$68,696,362$42,484,267$154,880,390
98$360,858,610$71,931,865$43,776,872$168,098,431
99$397,531,455$75,321,794$45,108,664$182,557,416
100$437,940,687$78,873,585$46,480,828$198,379,254