Can I retire at age 67 with 18,200,000?

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 $18,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,427,251
2 years$744,029$730,172$716,743$703,722$691,092$666,940
3 years$491,092$477,176$463,780$450,882$438,457$414,947
4 years$364,649$350,775$337,513$324,835$312,711$290,024
5 years$288,802$275,012$261,924$249,504$237,718$215,920
6 years$238,255$224,568$211,674$199,531$188,098$167,213
7 years$202,163$188,592$175,902$164,045$152,974$133,009
8 years$175,107$161,658$149,179$137,613$126,907$107,857
9 years$154,074$140,752$128,487$117,216$106,874$88,730
10 years$137,258$124,066$112,018$101,041$91,062$73,808
11 years$123,508$110,449$98,619$87,936$78,316$61,935
12 years$112,059$99,133$87,522$77,132$67,867$52,336
13 years$102,378$89,587$78,195$68,096$59,182$44,478
14 years$94,087$81,432$70,259$60,448$51,878$37,978
15 years$86,908$74,390$63,434$53,909$45,678$32,554
16 years$80,633$68,251$57,512$48,270$40,370$27,996
17 years$75,102$62,857$52,334$43,370$35,795$24,143
18 years$70,190$58,083$47,774$39,085$31,827$20,868
19 years$65,801$53,830$43,735$35,317$28,368$18,074
20 years$61,856$50,022$40,138$31,986$25,339$15,680
21 years$58,291$46,593$36,919$29,029$22,676$13,623
22 years$55,055$43,493$34,027$26,394$20,325$11,851
23 years$52,104$40,678$31,417$24,038$18,245$10,320
24 years$49,403$38,113$29,056$21,924$16,399$8,996
25 years$46,922$35,767$26,912$20,022$14,757$7,848
26 years$44,636$33,615$24,959$18,307$13,292$6,851
27 years$42,523$31,636$23,177$16,757$11,984$5,984
28 years$40,564$29,810$21,546$15,353$10,814$5,230
29 years$38,743$28,123$20,050$14,079$9,764$4,573
30 years$37,047$26,559$18,676$12,921$8,823$4,000
31 years$35,464$25,107$17,411$11,867$7,977$3,500
32 years$33,982$23,756$16,245$10,906$7,215$3,064
33 years$32,594$22,498$15,168$10,029$6,530$2,683
34 years$31,289$21,323$14,172$9,228$5,912$2,349
35 years$30,062$20,224$13,250$8,494$5,355$2,058
36 years$28,906$19,196$12,395$7,823$4,852$1,803
37 years$27,815$18,231$11,601$7,208$4,397$1,580
38 years$26,783$17,326$10,864$6,644$3,987$1,384
39 years$25,807$16,476$10,179$6,126$3,615$1,213
40 years$24,882$15,675$9,540$5,650$3,279$1,064
41 years$24,005$14,921$8,946$5,213$2,975$932
42 years$23,171$14,211$8,392$4,811$2,699$817
43 years$22,379$13,540$7,874$4,441$2,450$717
44 years$21,624$12,906$7,391$4,101$2,224$628
45 years$20,905$12,307$6,940$3,787$2,019$551
46 years$20,220$11,741$6,518$3,498$1,833$483
47 years$19,565$11,204$6,124$3,232$1,664$424
48 years$18,940$10,696$5,755$2,986$1,511$372
49 years$18,342$10,214$5,409$2,760$1,373$326
50 years$17,770$9,757$5,085$2,551$1,247$286

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $18,200,000, adding $6,260 every year, while hoping to spend $34,945 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: 41/34/25 Blend
66$18,200,000$18,200,000$18,200,000$18,200,000
67$20,062,857$19,098,257$18,816,157$20,737,577
68$22,072,087$19,996,891$19,409,317$22,122,070
69$24,285,088$20,938,386$20,021,177$23,615,909
70$26,722,606$21,924,806$20,652,326$25,232,199
71$29,407,506$22,958,315$21,303,372$26,982,199
72$32,364,979$24,041,180$21,974,943$28,878,262
73$35,622,789$25,175,780$22,667,686$30,933,948
74$39,211,528$26,364,608$23,382,267$33,164,141
75$43,164,907$27,610,277$24,119,377$35,585,182
76$47,520,076$28,915,529$24,879,725$38,215,018
77$52,317,971$30,283,237$25,664,043$41,073,358
78$57,603,703$31,716,415$26,473,087$44,181,855
79$63,426,983$33,218,222$27,307,638$47,564,298
80$69,842,590$34,791,969$28,168,498$51,246,825
81$76,910,890$36,441,131$29,056,498$55,258,165
82$84,698,403$38,169,349$29,972,493$59,629,893
83$93,278,434$39,980,441$30,917,366$64,396,719
84$102,731,764$41,878,413$31,892,028$69,596,806
85$113,147,410$43,867,461$32,897,416$75,272,113
86$124,623,467$45,951,988$33,934,501$81,468,782
87$137,268,036$48,136,610$35,004,282$88,237,559
88$151,200,239$50,426,167$36,107,789$95,634,261
89$166,551,349$52,825,735$37,246,085$103,720,282
90$183,466,025$55,340,635$38,420,268$112,563,165
91$202,103,682$57,976,448$39,631,469$122,237,219
92$222,639,989$60,739,026$40,880,855$132,824,204
93$245,268,535$63,634,504$42,169,630$144,414,087
94$270,202,648$66,669,318$43,499,036$157,105,871
95$297,677,419$69,850,215$44,870,354$171,008,510
96$327,951,910$73,184,270$46,284,905$186,241,920
97$361,311,607$76,678,902$47,744,052$202,938,088
98$398,071,116$80,341,893$49,249,202$221,242,296
99$438,577,124$84,181,400$50,801,805$241,314,472
100$483,211,682$88,205,980$52,403,357$263,330,670