Can I retire at age 67 with 16,800,000?

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,294,184
2 years$686,796$674,005$661,609$649,590$637,931$592,575
3 years$453,316$440,470$428,105$416,198$404,730$360,914
4 years$336,599$323,792$311,551$299,847$288,657$246,715
5 years$266,587$253,857$241,776$230,312$219,432$179,477
6 years$219,927$207,293$195,391$184,182$173,629$135,692
7 years$186,612$174,085$162,371$151,426$141,207$105,282
8 years$161,637$149,223$137,703$127,028$117,145$83,204
9 years$142,223$129,925$118,604$108,199$98,653$66,654
10 years$126,700$114,523$103,402$93,269$84,057$53,949
11 years$114,008$101,953$91,033$81,172$72,292$44,015
12 years$103,439$91,507$80,790$71,199$62,647$36,137
13 years$94,503$82,696$72,180$62,858$54,629$29,818
14 years$86,849$75,168$64,854$55,798$47,888$24,703
15 years$80,223$68,668$58,555$49,762$42,164$20,533
16 years$74,430$63,001$53,088$44,557$37,265$17,113
17 years$69,325$58,022$48,308$40,034$33,041$14,294
18 years$64,791$53,615$44,099$36,078$29,379$11,961
19 years$60,740$49,690$40,371$32,600$26,186$10,024
20 years$57,098$46,174$37,050$29,526$23,390$8,411
21 years$53,807$43,009$34,079$26,796$20,931$7,065
22 years$50,820$40,148$31,409$24,364$18,762$5,940
23 years$48,096$37,549$29,001$22,189$16,842$4,997
24 years$45,603$35,181$26,821$20,237$15,138$4,207
25 years$43,313$33,016$24,841$18,482$13,622$3,544
26 years$41,203$31,029$23,039$16,899$12,270$2,986
27 years$39,252$29,202$21,394$15,468$11,062$2,517
28 years$37,444$27,517$19,888$14,172$9,982$2,122
29 years$35,763$25,959$18,508$12,996$9,013$1,790
30 years$34,198$24,516$17,239$11,927$8,144$1,510
31 years$32,736$23,176$16,072$10,954$7,363$1,274
32 years$31,368$21,929$14,995$10,067$6,660$1,075
33 years$30,086$20,767$14,001$9,258$6,028$908
34 years$28,882$19,682$13,082$8,518$5,457$766
35 years$27,750$18,668$12,231$7,841$4,943$647
36 years$26,682$17,719$11,441$7,221$4,479$546
37 years$25,675$16,829$10,709$6,654$4,059$461
38 years$24,723$15,994$10,028$6,133$3,680$389
39 years$23,822$15,208$9,396$5,655$3,337$329
40 years$22,968$14,469$8,807$5,216$3,027$277
41 years$22,158$13,774$8,258$4,812$2,746$234
42 years$21,389$13,117$7,746$4,441$2,492$198
43 years$20,657$12,498$7,269$4,100$2,261$167
44 years$19,961$11,913$6,823$3,785$2,053$141
45 years$19,297$11,361$6,406$3,496$1,863$119
46 years$18,664$10,838$6,017$3,229$1,692$101
47 years$18,060$10,342$5,653$2,983$1,536$85
48 years$17,483$9,873$5,312$2,757$1,395$72
49 years$16,931$9,428$4,993$2,548$1,267$61
50 years$16,403$9,006$4,694$2,355$1,151$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $16,800,000, adding $4,723 every year, while hoping to spend $22,768 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: 65/16/19 Blend
66$16,800,000$16,800,000$16,800,000$16,800,000
67$18,518,472$17,628,072$17,367,672$19,633,488
68$20,383,131$18,467,622$17,925,264$21,221,887
69$22,437,222$19,347,548$18,500,772$22,953,990
70$24,700,044$20,269,802$19,094,773$24,846,345
71$27,192,861$21,236,436$19,707,861$26,914,644
72$29,939,108$22,249,596$20,340,649$29,176,155
73$32,964,609$23,311,538$20,993,773$31,649,877
74$36,297,819$24,424,624$21,667,884$34,356,720
75$39,970,098$25,591,332$22,363,660$37,319,694
76$44,016,001$26,814,260$23,081,796$40,564,123
77$48,473,609$28,096,134$23,823,011$44,117,885
78$53,384,883$29,439,811$24,588,048$48,011,661
79$58,796,067$30,848,288$25,377,674$52,279,230
80$64,758,119$32,324,706$26,192,678$56,957,774
81$71,327,192$33,872,362$27,033,878$62,088,231
82$78,565,169$35,494,711$27,902,117$67,715,673
83$86,540,242$37,195,378$28,798,263$73,889,724
84$95,327,557$38,978,161$29,723,215$80,665,026
85$105,009,924$40,847,048$30,677,900$88,101,747
86$115,678,601$42,806,218$31,663,273$96,266,144
87$127,434,148$44,860,053$32,680,323$105,231,179
88$140,387,386$47,013,150$33,730,069$115,077,203
89$154,660,436$49,270,331$34,813,562$125,892,708
90$170,387,872$51,636,649$35,931,889$137,775,152
91$187,717,998$54,117,407$37,086,170$150,831,873
92$206,814,239$56,718,166$38,277,562$165,181,095
93$227,856,690$59,444,755$39,507,259$180,953,033
94$251,043,815$62,303,290$40,776,494$198,291,113
95$276,594,317$65,300,184$42,086,540$217,353,321
96$304,749,207$68,442,163$43,438,709$238,313,679
97$335,774,078$71,736,280$44,834,357$261,363,882
98$369,961,609$75,189,934$46,274,884$286,715,092
99$407,634,334$78,810,881$47,761,733$314,599,925
100$449,147,681$82,607,260$49,296,396$345,274,635