Can I retire at age 67 with 18,600,000?

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 $18,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,447,335
2 years$760,381$746,220$732,495$719,188$706,281$670,373
3 years$501,886$487,663$473,973$460,791$448,094$413,255
4 years$372,663$358,484$344,931$331,974$319,584$286,083
5 years$295,150$281,056$267,681$254,988$242,943$210,873
6 years$243,491$229,503$216,326$203,916$192,232$161,626
7 years$206,606$192,736$179,768$167,650$156,336$127,197
8 years$178,956$165,211$152,457$140,638$129,696$102,012
9 years$157,461$143,846$131,311$119,792$109,223$82,972
10 years$140,275$126,793$114,480$103,262$93,063$68,215
11 years$126,223$112,876$100,787$89,869$80,038$56,557
12 years$114,521$101,312$89,446$78,827$69,359$47,206
13 years$104,628$91,556$79,914$69,593$60,482$39,615
14 years$96,155$83,222$71,803$61,776$53,018$33,392
15 years$88,818$76,025$64,828$55,094$46,682$28,249
16 years$82,405$69,751$58,776$49,330$41,257$23,970
17 years$76,752$64,238$53,484$44,323$36,582$20,390
18 years$71,733$59,359$48,824$39,944$32,527$17,381
19 years$67,248$55,013$44,696$36,093$28,992$14,843
20 years$63,216$51,121$41,020$32,689$25,896$12,695
21 years$59,572$47,617$37,730$29,667$23,174$10,871
22 years$56,265$44,449$34,774$26,974$20,772$9,319
23 years$53,249$41,572$32,108$24,566$18,646$7,996
24 years$50,489$38,951$29,694$22,406$16,760$6,866
25 years$47,954$36,553$27,503$20,462$15,081$5,900
26 years$45,617$34,354$25,508$18,710$13,585$5,073
27 years$43,457$32,331$23,686$17,125$12,248$4,364
28 years$41,455$30,466$22,019$15,690$11,051$3,755
29 years$39,595$28,741$20,491$14,388$9,979$3,233
30 years$37,862$27,143$19,086$13,205$9,017$2,784
31 years$36,243$25,659$17,794$12,128$8,152$2,398
32 years$34,729$24,278$16,602$11,146$7,374$2,066
33 years$33,310$22,992$15,501$10,249$6,673$1,781
34 years$31,977$21,791$14,483$9,430$6,042$1,535
35 years$30,723$20,669$13,541$8,681$5,473$1,323
36 years$29,541$19,618$12,667$7,995$4,958$1,141
37 years$28,426$18,632$11,856$7,366$4,494$983
38 years$27,372$17,707$11,103$6,790$4,074$848
39 years$26,374$16,838$10,402$6,261$3,695$731
40 years$25,429$16,020$9,750$5,774$3,351$631
41 years$24,532$15,249$9,142$5,328$3,040$544
42 years$23,681$14,523$8,576$4,917$2,759$469
43 years$22,871$13,837$8,047$4,539$2,504$405
44 years$22,099$13,190$7,554$4,191$2,273$349
45 years$21,365$12,578$7,093$3,870$2,063$301
46 years$20,664$11,999$6,662$3,575$1,873$260
47 years$19,995$11,450$6,259$3,303$1,701$224
48 years$19,356$10,931$5,881$3,052$1,545$193
49 years$18,745$10,439$5,528$2,821$1,403$167
50 years$18,160$9,971$5,197$2,607$1,274$144

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $18,600,000, adding $5,608 every year, while hoping to spend $56,024 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: 56/35/9 Blend
66$18,600,000$18,600,000$18,600,000$18,600,000
67$20,502,985$19,517,185$19,228,885$21,606,664
68$22,534,680$20,413,918$19,813,443$23,249,126
69$24,771,731$21,352,713$20,415,707$25,030,498
70$27,235,023$22,335,572$21,036,209$26,969,368
71$29,947,574$23,364,594$21,675,501$29,080,760
72$32,934,745$24,441,976$22,334,148$31,381,187
73$36,224,481$25,570,025$23,012,734$33,888,795
74$39,847,577$26,751,156$23,711,860$36,623,532
75$43,837,968$27,987,900$24,432,145$39,607,324
76$48,233,045$29,282,912$25,174,226$42,864,283
77$53,074,014$30,638,973$25,938,761$46,420,919
78$58,406,280$32,058,999$26,726,426$50,306,385
79$64,279,876$33,546,046$27,537,917$54,552,747
80$70,749,937$35,103,316$28,373,951$59,195,271
81$77,877,221$36,734,169$29,235,269$64,272,754
82$85,728,678$38,442,123$30,122,631$69,827,876
83$94,378,085$40,230,869$31,036,820$75,907,593
84$103,906,741$42,104,273$31,978,645$82,563,572
85$114,404,236$44,066,390$32,948,937$89,852,667
86$125,969,294$46,121,469$33,948,553$97,837,444
87$138,710,707$48,273,966$34,978,374$106,586,756
88$152,748,358$50,528,550$36,039,309$116,176,387
89$168,214,359$52,890,117$37,132,295$126,689,748
90$185,254,291$55,363,800$38,258,293$138,218,657
91$204,028,581$57,954,978$39,418,298$150,864,182
92$224,714,016$60,669,292$40,613,331$164,737,591
93$247,505,413$63,512,655$41,844,445$179,961,376
94$272,617,455$66,491,265$43,112,725$196,670,400
95$300,286,721$69,611,622$44,419,286$215,013,151
96$330,773,913$72,880,538$45,765,278$235,153,123
97$364,366,324$76,305,156$47,151,887$257,270,341
98$401,380,546$79,892,966$48,580,332$281,563,045
99$442,165,457$83,651,816$50,051,869$308,249,535
100$487,105,518$87,589,940$51,567,791$337,570,210