Can I retire at age 67 with 18,500,000?

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 $18,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,443,072
2 years$756,293$742,208$728,557$715,322$702,484$670,261
3 years$499,187$485,041$471,425$458,314$445,685$414,389
4 years$370,659$356,557$343,077$330,189$317,866$287,739
5 years$293,563$279,545$266,242$253,617$241,637$212,763
6 years$242,182$228,269$215,163$202,820$191,199$163,608
7 years$205,496$191,700$178,801$166,749$155,496$129,194
8 years$177,994$164,322$151,638$139,882$128,999$103,977
9 years$156,614$143,072$130,605$119,148$108,636$84,876
10 years$139,521$126,111$113,865$102,707$92,563$70,040
11 years$125,544$112,269$100,245$89,386$79,607$58,292
12 years$113,906$100,767$88,965$78,403$68,986$48,846
13 years$104,065$91,064$79,484$69,218$60,157$41,156
14 years$95,638$82,775$71,417$61,444$52,733$34,833
15 years$88,341$75,616$64,480$54,798$46,431$29,591
16 years$81,962$69,376$58,460$49,065$41,036$25,216
17 years$76,340$63,893$53,197$44,085$36,385$21,543
18 years$71,347$59,040$48,562$39,729$32,352$18,446
19 years$66,886$54,718$44,456$35,899$28,836$15,823
20 years$62,876$50,846$40,799$32,513$25,757$13,594
21 years$59,252$47,361$37,528$29,508$23,049$11,694
22 years$55,962$44,210$34,587$26,829$20,660$10,072
23 years$52,963$41,349$31,935$24,434$18,546$8,683
24 years$50,218$38,741$29,535$22,285$16,670$7,491
25 years$47,696$36,357$27,355$20,352$15,000$6,468
26 years$45,372$34,169$25,371$18,609$13,512$5,588
27 years$43,224$32,157$23,559$17,033$12,182$4,830
28 years$41,232$30,302$21,901$15,606$10,992$4,177
29 years$39,382$28,586$20,381$14,311$9,925$3,614
30 years$37,658$26,997$18,984$13,134$8,968$3,128
31 years$36,048$25,521$17,698$12,063$8,108$2,707
32 years$34,543$24,148$16,513$11,086$7,334$2,344
33 years$33,131$22,868$15,418$10,194$6,638$2,030
34 years$31,805$21,674$14,406$9,380$6,010$1,759
35 years$30,558$20,557$13,468$8,635$5,443$1,524
36 years$29,382$19,512$12,599$7,952$4,932$1,320
37 years$28,273$18,532$11,793$7,327$4,470$1,144
38 years$27,225$17,612$11,043$6,753$4,052$992
39 years$26,233$16,747$10,346$6,227$3,675$860
40 years$25,292$15,934$9,698$5,743$3,333$745
41 years$24,400$15,167$9,093$5,299$3,024$646
42 years$23,553$14,445$8,530$4,890$2,744$560
43 years$22,748$13,763$8,004$4,514$2,490$486
44 years$21,981$13,119$7,513$4,168$2,260$421
45 years$21,250$12,510$7,055$3,850$2,052$365
46 years$20,553$11,934$6,626$3,556$1,863$317
47 years$19,888$11,389$6,225$3,285$1,692$274
48 years$19,252$10,872$5,850$3,036$1,536$238
49 years$18,644$10,382$5,498$2,805$1,395$206
50 years$18,062$9,918$5,169$2,593$1,267$179

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $18,500,000, adding $4,306 every year, while hoping to spend $20,701 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: 42/34/24 Blend
66$18,500,000$18,500,000$18,500,000$18,500,000
67$20,391,442$19,410,942$19,124,192$21,104,346
68$22,449,343$20,340,052$19,742,826$22,543,435
69$24,716,456$21,313,995$20,381,492$24,098,574
70$27,214,100$22,334,946$21,040,836$25,782,308
71$29,965,765$23,405,185$21,721,531$27,606,489
72$32,997,338$24,527,104$22,424,267$29,584,124
73$36,337,346$25,703,212$23,149,760$31,729,488
74$40,017,225$26,936,139$23,898,747$34,058,252
75$44,071,615$28,228,643$24,671,988$36,587,623
76$48,538,692$29,583,618$25,470,272$39,336,494
77$53,460,521$31,004,098$26,294,408$42,325,621
78$58,883,460$32,493,264$27,145,236$45,577,801
79$64,858,592$34,054,454$28,023,621$49,118,084
80$71,442,212$35,691,165$28,930,456$52,973,993
81$78,696,354$37,407,069$29,866,663$57,175,779
82$86,689,381$39,206,014$30,833,195$61,756,692
83$95,496,625$41,092,036$31,831,034$66,753,282
84$105,201,103$43,069,368$32,861,196$72,205,734
85$115,894,299$45,142,451$33,924,729$78,158,234
86$127,677,025$47,315,938$35,022,715$84,659,371
87$140,660,376$49,594,714$36,156,271$91,762,582
88$154,966,779$51,983,899$37,326,551$99,526,645
89$170,731,144$54,488,865$38,534,744$108,016,213
90$188,102,144$57,115,242$39,782,082$117,302,410
91$207,243,614$59,868,940$41,069,832$127,463,487
92$228,336,098$62,756,153$42,399,306$138,585,544
93$251,578,554$65,783,379$43,771,857$150,763,319
94$277,190,234$68,957,432$45,188,883$164,101,068
95$305,412,752$72,285,460$46,651,824$178,713,526
96$336,512,364$75,774,959$48,162,171$194,726,969
97$370,782,482$79,433,790$49,721,461$212,280,388
98$408,546,448$83,270,197$51,331,283$231,526,770
99$450,160,578$87,292,830$52,993,273$252,634,525
100$496,017,536$91,510,757$54,709,126$275,789,048