Can I retire at age 67 with 17,900,000?

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 $17,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,372,908
2 years$731,765$718,137$704,928$692,122$679,701$625,470
3 years$482,997$469,310$456,135$443,449$431,230$378,940
4 years$358,638$344,993$331,950$319,480$307,557$257,605
5 years$284,042$270,478$257,607$245,392$233,800$186,314
6 years$234,327$220,866$208,184$196,242$184,998$140,011
7 years$198,831$185,483$173,002$161,341$150,453$107,952
8 years$172,221$158,993$146,720$135,345$124,815$84,759
9 years$151,535$138,432$126,370$115,284$105,112$67,444
10 years$134,996$122,021$110,172$99,376$89,561$54,210
11 years$121,473$108,628$96,994$86,487$77,025$43,913
12 years$110,211$97,499$86,079$75,860$66,749$35,789
13 years$100,690$88,110$76,906$66,973$58,206$29,310
14 years$92,536$80,090$69,101$59,452$51,023$24,097
15 years$85,476$73,164$62,388$53,020$44,925$19,873
16 years$79,304$67,126$56,564$47,474$39,705$16,431
17 years$73,864$61,821$51,471$42,655$35,205$13,613
18 years$69,033$57,125$46,987$38,441$31,303$11,298
19 years$64,717$52,943$43,014$34,734$27,901$9,390
20 years$60,836$49,197$39,476$31,459$24,921$7,813
21 years$57,330$45,825$36,310$28,551$22,302$6,507
22 years$54,147$42,776$33,466$25,959$19,990$5,424
23 years$51,245$40,008$30,900$23,642$17,945$4,524
24 years$48,589$37,485$28,577$21,562$16,129$3,775
25 years$46,149$35,177$26,468$19,692$14,514$3,152
26 years$43,900$33,061$24,548$18,005$13,073$2,632
27 years$41,822$31,114$22,795$16,481$11,787$2,199
28 years$39,895$29,319$21,191$15,100$10,635$1,838
29 years$38,105$27,659$19,720$13,847$9,603$1,536
30 years$36,437$26,121$18,368$12,708$8,677$1,284
31 years$34,879$24,693$17,124$11,671$7,845$1,074
32 years$33,422$23,365$15,977$10,726$7,096$898
33 years$32,056$22,127$14,918$9,864$6,422$751
34 years$30,773$20,971$13,938$9,075$5,815$628
35 years$29,567$19,891$13,031$8,354$5,267$526
36 years$28,429$18,879$12,191$7,694$4,772$440
37 years$27,356$17,931$11,410$7,089$4,325$368
38 years$26,342$17,041$10,685$6,534$3,921$308
39 years$25,382$16,204$10,011$6,025$3,556$257
40 years$24,472$15,417$9,383$5,557$3,225$215
41 years$23,609$14,675$8,798$5,127$2,926$180
42 years$22,789$13,976$8,253$4,732$2,655$151
43 years$22,010$13,317$7,745$4,368$2,409$126
44 years$21,268$12,694$7,270$4,033$2,187$106
45 years$20,561$12,104$6,826$3,725$1,985$88
46 years$19,886$11,547$6,411$3,441$1,803$74
47 years$19,243$11,020$6,023$3,179$1,637$62
48 years$18,628$10,520$5,660$2,937$1,487$52
49 years$18,039$10,046$5,320$2,714$1,350$43
50 years$17,477$9,596$5,002$2,509$1,226$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $17,900,000, adding $5,754 every year, while hoping to spend $35,264 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: 44/33/23 Blend
66$17,900,000$17,900,000$17,900,000$17,900,000
67$19,731,735$18,783,035$18,505,585$20,468,109
68$21,706,852$19,665,883$19,088,002$21,872,850
69$23,882,248$20,590,809$19,688,747$23,390,719
70$26,278,316$21,559,837$20,308,399$25,035,351
71$28,917,525$22,575,090$20,947,551$26,818,517
72$31,824,636$23,638,793$21,606,817$28,753,139
73$35,026,934$24,753,280$22,286,831$30,853,406
74$38,554,487$25,920,996$22,988,246$33,134,899
75$42,440,427$27,144,506$23,711,734$35,614,731
76$46,721,264$28,426,501$24,457,991$38,311,701
77$51,437,231$29,769,798$25,227,732$41,246,464
78$56,632,665$31,177,354$26,021,697$44,441,717
79$62,356,422$32,652,269$26,840,649$47,922,403
80$68,662,339$34,197,793$27,685,372$51,715,939
81$75,609,745$35,817,332$28,556,680$55,852,465
82$83,264,017$37,514,460$29,455,407$60,365,117
83$91,697,201$39,292,922$30,382,417$65,290,330
84$100,988,687$41,156,647$31,338,600$70,668,171
85$111,225,964$43,109,754$32,324,874$76,542,704
86$122,505,441$45,156,560$33,342,186$82,962,397
87$134,933,359$47,301,594$34,391,512$89,980,565
88$148,626,794$49,549,605$35,473,860$97,655,857
89$163,714,761$51,905,570$36,590,269$106,052,802
90$180,339,435$54,374,711$37,741,810$115,242,399
91$198,657,486$56,962,501$38,929,590$125,302,774
92$218,841,567$59,674,681$40,154,749$136,319,898
93$241,081,936$62,517,269$41,418,463$148,388,390
94$265,588,257$65,496,579$42,721,944$161,612,382
95$292,591,575$68,619,227$44,066,445$176,106,495
96$322,346,501$71,892,155$45,453,256$191,996,893
97$355,133,613$75,322,639$46,883,709$209,422,458
98$391,262,105$78,918,312$48,359,177$228,536,081
99$431,072,707$82,687,176$49,881,076$249,506,082
100$474,940,898$86,637,623$51,450,868$272,517,777