Can I retire at age 67 with 16,900,000?

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,312,920
2 years$690,884$678,017$665,547$653,456$641,728$606,991
3 years$456,014$443,092$430,653$418,676$407,139$373,459
4 years$338,602$325,719$313,405$301,632$290,375$258,012
5 years$268,174$255,368$243,215$231,683$220,738$189,782
6 years$221,236$208,527$196,554$185,278$174,663$145,143
7 years$187,723$175,121$163,337$152,328$142,048$113,967
8 years$162,599$150,111$138,523$127,784$117,842$91,188
9 years$143,069$130,698$119,310$108,843$99,240$73,989
10 years$127,454$115,204$104,017$93,824$84,558$60,679
11 years$114,686$102,560$91,575$81,655$72,722$50,180
12 years$104,054$92,052$81,270$71,622$63,020$41,774
13 years$95,065$83,188$72,610$63,232$54,954$34,963
14 years$87,366$75,616$65,240$56,130$48,173$29,390
15 years$80,700$69,076$58,903$50,058$42,415$24,793
16 years$74,873$63,376$53,404$44,822$37,487$20,978
17 years$69,737$58,367$48,596$40,272$33,238$17,793
18 years$65,177$53,934$44,362$36,293$29,554$15,123
19 years$61,101$49,985$40,611$32,794$26,342$12,876
20 years$57,438$46,449$37,271$29,701$23,529$10,979
21 years$54,127$43,265$34,282$26,956$21,056$9,373
22 years$51,122$40,386$31,596$24,509$18,874$8,010
23 years$48,382$37,773$29,173$22,321$16,942$6,851
24 years$45,874$35,391$26,980$20,358$15,228$5,865
25 years$43,571$33,212$24,989$18,592$13,703$5,024
26 years$41,448$31,214$23,176$17,000$12,343$4,305
27 years$39,485$29,376$21,521$15,560$11,128$3,691
28 years$37,666$27,681$20,007$14,256$10,041$3,166
29 years$35,976$26,114$18,618$13,073$9,067$2,717
30 years$34,401$24,662$17,342$11,998$8,193$2,332
31 years$32,931$23,314$16,167$11,019$7,407$2,002
32 years$31,555$22,059$15,084$10,127$6,700$1,719
33 years$30,265$20,891$14,084$9,313$6,064$1,477
34 years$29,054$19,800$13,160$8,568$5,490$1,268
35 years$27,915$18,780$12,303$7,888$4,972$1,090
36 years$26,841$17,825$11,510$7,264$4,505$936
37 years$25,828$16,929$10,773$6,693$4,083$805
38 years$24,870$16,089$10,088$6,169$3,702$692
39 years$23,964$15,299$9,452$5,688$3,357$594
40 years$23,105$14,556$8,859$5,247$3,045$511
41 years$22,290$13,856$8,307$4,841$2,762$439
42 years$21,516$13,196$7,792$4,467$2,507$377
43 years$20,780$12,573$7,312$4,124$2,275$324
44 years$20,080$11,984$6,863$3,808$2,065$279
45 years$19,412$11,428$6,445$3,517$1,875$240
46 years$18,775$10,902$6,053$3,248$1,702$206
47 years$18,168$10,404$5,687$3,001$1,545$177
48 years$17,587$9,932$5,344$2,773$1,404$152
49 years$17,032$9,484$5,023$2,563$1,275$131
50 years$16,500$9,060$4,722$2,369$1,158$113

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $16,900,000, adding $3,832 every year, while hoping to spend $36,581 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: 42/50/8 Blend
66$16,900,000$16,900,000$16,900,000$16,900,000
67$18,627,753$17,732,053$17,470,103$19,366,282
68$20,488,862$18,562,001$18,016,429$20,711,158
69$22,538,578$19,431,392$18,579,832$22,162,512
70$24,796,100$20,342,117$19,160,843$23,733,186
71$27,282,585$21,296,164$19,760,015$25,434,059
72$30,021,346$22,295,613$20,377,912$27,277,060
73$33,038,073$23,342,647$21,015,122$29,275,273
74$36,361,074$24,439,555$21,672,246$31,443,050
75$40,021,544$25,588,734$22,349,907$33,796,139
76$44,053,859$26,792,699$23,048,747$36,351,822
77$48,495,899$28,054,088$23,769,426$39,129,070
78$53,389,406$29,375,664$24,512,627$42,148,708
79$58,780,379$30,760,325$25,279,054$45,433,606
80$64,719,507$32,211,110$26,069,431$49,008,878
81$71,262,647$33,731,204$26,884,507$52,902,110
82$78,471,352$35,323,949$27,725,054$57,143,606
83$86,413,452$36,992,845$28,591,866$61,766,665
84$95,163,695$38,741,565$29,485,764$66,807,875
85$104,804,449$40,573,958$30,407,593$72,307,449
86$115,426,482$42,494,062$31,358,227$78,309,589
87$127,129,820$44,506,107$32,338,564$84,862,884
88$140,024,688$46,614,533$33,349,533$92,020,756
89$154,232,553$48,823,992$34,392,089$99,841,944
90$169,887,269$51,139,363$35,467,220$108,391,041
91$187,136,340$53,565,762$36,575,941$117,739,086
92$206,142,314$56,108,552$37,719,303$127,964,213
93$227,084,317$58,773,357$38,898,386$139,152,367
94$250,159,742$61,566,076$40,114,307$151,398,097
95$275,586,114$64,492,893$41,368,214$164,805,420
96$303,603,144$67,560,290$42,661,296$179,488,782
97$334,474,989$70,775,069$43,994,773$195,574,115
98$368,492,748$74,144,358$45,369,909$213,199,993
99$405,977,210$77,675,633$46,788,002$232,518,921
100$447,281,881$81,376,734$48,250,396$253,698,738