Can I retire at age 67 with 18,400,000?

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 $18,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,458,606
2 years$752,205$738,196$724,619$711,455$698,687$689,975
3 years$496,489$482,419$468,877$455,836$443,275$434,757
4 years$368,656$354,629$341,222$328,404$316,148$307,887
5 years$291,976$278,034$264,802$252,246$240,331$232,353
6 years$240,873$227,035$214,000$201,723$190,165$182,481
7 years$204,385$190,664$177,835$165,848$154,655$147,269
8 years$177,031$163,434$150,818$139,126$128,302$121,212
9 years$155,768$142,299$129,899$118,504$108,048$101,255
10 years$138,767$125,430$113,249$102,152$92,063$85,561
11 years$124,866$111,663$99,703$88,903$79,177$72,963
12 years$113,290$100,222$88,484$77,980$68,613$62,682
13 years$103,503$90,572$79,054$68,844$59,832$54,178
14 years$95,121$82,327$71,031$61,112$52,448$47,064
15 years$87,863$75,207$64,131$54,501$46,180$41,059
16 years$81,519$69,001$58,144$48,800$40,814$35,949
17 years$75,927$63,548$52,909$43,846$36,188$31,571
18 years$70,962$58,721$48,299$39,514$32,177$27,800
19 years$66,524$54,422$44,216$35,705$28,680$24,536
20 years$62,536$50,571$40,579$32,337$25,617$21,697
21 years$58,932$47,105$37,325$29,348$22,925$19,220
22 years$55,660$43,971$34,400$26,684$20,549$17,052
23 years$52,677$41,125$31,763$24,302$18,446$15,148
24 years$49,946$38,532$29,375$22,165$16,580$13,472
25 years$47,438$36,160$27,207$20,242$14,919$11,994
26 years$45,127$33,985$25,233$18,508$13,439$10,688
27 years$42,990$31,984$23,431$16,941$12,116$9,531
28 years$41,010$30,138$21,783$15,522$10,932$8,506
29 years$39,169$28,432$20,270$14,234$9,872$7,596
30 years$37,454$26,851$18,881$13,063$8,920$6,787
31 years$35,854$25,383$17,602$11,997$8,064$6,067
32 years$34,356$24,017$16,423$11,026$7,295$5,426
33 years$32,952$22,745$15,335$10,139$6,602$4,854
34 years$31,633$21,557$14,328$9,329$5,977$4,345
35 years$30,392$20,446$13,395$8,588$5,414$3,890
36 years$29,223$19,407$12,531$7,909$4,905$3,483
37 years$28,120$18,432$11,729$7,287$4,446$3,120
38 years$27,078$17,517$10,984$6,717$4,030$2,795
39 years$26,091$16,657$10,290$6,193$3,655$2,505
40 years$25,156$15,848$9,645$5,712$3,315$2,245
41 years$24,269$15,085$9,044$5,270$3,008$2,013
42 years$23,426$14,367$8,484$4,864$2,729$1,804
43 years$22,625$13,689$7,961$4,490$2,477$1,618
44 years$21,862$13,048$7,473$4,146$2,248$1,451
45 years$21,135$12,443$7,017$3,829$2,041$1,301
46 years$20,442$11,870$6,590$3,537$1,853$1,167
47 years$19,780$11,327$6,191$3,267$1,683$1,047
48 years$19,148$10,813$5,818$3,019$1,528$939
49 years$18,543$10,326$5,469$2,790$1,388$843
50 years$17,965$9,864$5,141$2,579$1,261$756

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $18,400,000, adding $2,168 every year, while hoping to spend $48,146 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: 38/38/24 Blend
66$18,400,000$18,400,000$18,400,000$18,400,000
67$20,279,036$19,303,836$19,018,636$20,904,181
68$22,296,271$20,198,497$19,604,534$22,254,371
69$24,517,650$21,135,383$20,208,445$23,707,957
70$26,963,945$22,116,512$20,830,923$25,277,973
71$29,658,046$23,143,999$21,472,537$26,974,990
72$32,625,173$24,220,062$22,133,874$28,810,598
73$35,893,121$25,347,025$22,815,539$30,797,514
74$39,492,515$26,527,325$23,518,155$32,949,688
75$43,457,104$27,763,516$24,242,365$35,282,430
76$47,824,076$29,058,276$24,988,832$37,812,545
77$52,634,411$30,414,411$25,758,237$40,558,482
78$57,933,267$31,834,863$26,551,284$43,540,498
79$63,770,406$33,322,717$27,368,698$46,780,842
80$70,200,663$34,881,206$28,211,225$50,303,951
81$77,284,466$36,513,720$29,079,636$54,136,670
82$85,088,401$38,223,812$29,974,723$58,308,498
83$93,685,847$40,015,207$30,897,305$62,851,851
84$103,157,662$41,891,811$31,848,224$67,802,355
85$113,592,953$43,857,719$32,828,349$73,199,170
86$125,089,909$45,917,222$33,838,573$79,085,350
87$137,756,734$48,074,821$34,879,820$85,508,227
88$151,712,667$50,335,233$35,953,040$92,519,851
89$167,089,105$52,703,405$37,059,213$100,177,460
90$184,030,844$55,184,522$38,199,347$108,544,007
91$202,697,448$57,784,022$39,374,483$117,688,736
92$223,264,753$60,507,604$40,585,693$127,687,819
93$245,926,525$63,361,244$41,834,081$138,625,053
94$270,896,295$66,351,210$43,120,787$150,592,638
95$298,409,368$69,484,069$44,446,984$163,692,019
96$328,725,045$72,766,710$45,813,880$178,034,827
97$362,129,076$76,206,356$47,222,722$193,743,911
98$398,936,352$79,810,577$48,674,793$210,954,472
99$439,493,879$83,587,314$50,171,417$229,815,315
100$484,184,052$87,544,891$51,713,957$250,490,229