Can I retire at age 66 with 12,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $12,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$990,949$982,122$973,510$965,105$956,897$922,578
2 years$490,569$481,432$472,578$463,993$455,665$421,461
3 years$323,797$314,621$305,789$297,285$289,093$256,078
4 years$240,428$231,280$222,536$214,177$206,183$174,611
5 years$190,419$181,326$172,697$164,508$156,737$126,689
6 years$157,091$148,067$139,565$131,559$124,021$95,519
7 years$133,294$124,346$115,979$108,162$100,862$73,901
8 years$115,455$106,588$98,360$90,734$83,675$58,231
9 years$101,588$92,804$84,717$77,285$70,466$46,506
10 years$90,500$81,802$73,858$66,621$60,041$37,522
11 years$81,434$72,823$65,024$57,980$51,637$30,514
12 years$73,885$65,362$57,707$50,856$44,748$24,969
13 years$67,502$59,068$51,557$44,898$39,021$20,533
14 years$62,035$53,692$46,324$39,856$34,205$16,952
15 years$57,302$49,048$41,825$35,544$30,117$14,040
16 years$53,165$45,001$37,920$31,826$26,618$11,659
17 years$49,518$41,444$34,506$28,595$23,601$9,703
18 years$46,279$38,296$31,499$25,770$20,985$8,089
19 years$43,385$35,493$28,836$23,286$18,704$6,753
20 years$40,784$32,981$26,464$21,090$16,707$5,645
21 years$38,434$30,721$24,342$19,140$14,951$4,723
22 years$36,300$28,677$22,435$17,403$13,401$3,956
23 years$34,354$26,821$20,715$15,849$12,030$3,315
24 years$32,574$25,129$19,158$14,455$10,813$2,780
25 years$30,938$23,583$17,744$13,201$9,730$2,332
26 years$29,430$22,164$16,457$12,071$8,764$1,957
27 years$28,037$20,859$15,281$11,049$7,902$1,643
28 years$26,745$19,655$14,206$10,123$7,130$1,380
29 years$25,545$18,542$13,220$9,283$6,438$1,159
30 years$24,427$17,511$12,314$8,519$5,817$974
31 years$23,383$16,554$11,480$7,824$5,259$818
32 years$22,406$15,663$10,711$7,191$4,757$688
33 years$21,490$14,834$10,001$6,613$4,305$578
34 years$20,630$14,059$9,344$6,084$3,898$486
35 years$19,821$13,335$8,736$5,601$3,531$408
36 years$19,059$12,656$8,172$5,158$3,199$343
37 years$18,339$12,021$7,649$4,753$2,899$289
38 years$17,659$11,424$7,163$4,381$2,629$243
39 years$17,016$10,863$6,711$4,039$2,384$204
40 years$16,406$10,335$6,290$3,725$2,162$172
41 years$15,827$9,838$5,898$3,437$1,961$144
42 years$15,278$9,370$5,533$3,172$1,780$121
43 years$14,755$8,927$5,192$2,928$1,615$102
44 years$14,258$8,510$4,873$2,704$1,466$86
45 years$13,784$8,115$4,576$2,497$1,331$72
46 years$13,332$7,741$4,298$2,307$1,209$61
47 years$12,900$7,387$4,038$2,131$1,097$51
48 years$12,488$7,052$3,794$1,969$997$43
49 years$12,094$6,735$3,567$1,820$905$36
50 years$11,716$6,433$3,353$1,682$822$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $12,000,000, adding $4,177 every year, while hoping to spend $27,941 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: 65/12/23 Blend
65$12,000,000$12,000,000$12,000,000$12,000,000
66$13,228,309$12,592,309$12,406,309$14,009,255
67$14,547,867$13,179,603$12,792,191$15,122,828
68$16,001,084$13,794,738$13,190,064$16,335,852
69$17,601,563$14,439,048$13,600,300$17,660,973
70$19,364,295$15,113,934$14,023,282$19,109,197
71$21,305,797$15,820,861$14,459,406$20,692,634
72$23,444,273$16,561,368$14,909,080$22,424,614
73$25,799,779$17,337,065$15,372,725$24,319,806
74$28,394,420$18,149,644$15,850,774$26,394,359
75$31,252,549$19,000,876$16,343,674$28,666,048
76$34,401,009$19,892,618$16,851,887$31,154,442
77$37,869,372$20,826,817$17,375,886$33,881,085
78$41,690,232$21,805,515$17,916,162$36,869,694
79$45,899,503$22,830,852$18,473,220$40,146,384
80$50,536,761$23,905,072$19,047,581$43,739,912
81$55,645,617$25,030,528$19,639,782$47,681,939
82$61,274,131$26,209,684$20,250,376$52,007,332
83$67,475,262$27,445,129$20,879,933$56,754,488
84$74,307,370$28,739,572$21,529,043$61,965,691
85$81,834,767$30,095,856$22,198,311$67,687,510
86$90,128,322$31,516,961$22,888,362$73,971,231
87$99,266,131$33,006,013$23,599,843$80,873,343
88$109,334,256$34,566,287$24,333,417$88,456,061
89$120,427,533$36,201,218$25,089,769$96,787,913
90$132,650,471$37,914,407$25,869,607$105,944,379
91$146,118,238$39,709,632$26,673,658$116,008,604
92$160,957,746$41,590,852$27,502,673$127,072,170
93$177,308,851$43,562,218$28,357,427$139,235,963
94$195,325,670$45,628,084$29,238,717$152,611,117
95$215,178,042$47,793,013$30,147,368$167,320,056
96$237,053,124$50,061,793$31,084,227$183,497,645
97$261,157,163$52,439,441$32,050,168$201,292,459
98$287,717,439$54,931,218$33,046,094$220,868,176
99$316,984,413$57,542,644$34,072,934$242,405,117
100$349,234,093$60,279,503$35,131,647$266,101,942