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

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 $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%17.3%
1 years$990,949$982,122$973,510$965,105$956,897$928,498
2 years$490,569$481,432$472,578$463,993$455,665$427,289
3 years$323,797$314,621$305,789$297,285$289,093$261,628
4 years$240,428$231,280$222,536$214,177$206,183$179,841
5 years$190,419$181,326$172,697$164,508$156,737$131,588
6 years$157,091$148,067$139,565$131,559$124,021$100,088
7 years$133,294$124,346$115,979$108,162$100,862$78,145
8 years$115,455$106,588$98,360$90,734$83,675$62,160
9 years$101,588$92,804$84,717$77,285$70,466$50,131
10 years$90,500$81,802$73,858$66,621$60,041$40,857
11 years$81,434$72,823$65,024$57,980$51,637$33,572
12 years$73,885$65,362$57,707$50,856$44,748$27,765
13 years$67,502$59,068$51,557$44,898$39,021$23,081
14 years$62,035$53,692$46,324$39,856$34,205$19,269
15 years$57,302$49,048$41,825$35,544$30,117$16,141
16 years$53,165$45,001$37,920$31,826$26,618$13,560
17 years$49,518$41,444$34,506$28,595$23,601$11,418
18 years$46,279$38,296$31,499$25,770$20,985$9,633
19 years$43,385$35,493$28,836$23,286$18,704$8,140
20 years$40,784$32,981$26,464$21,090$16,707$6,888
21 years$38,434$30,721$24,342$19,140$14,951$5,835
22 years$36,300$28,677$22,435$17,403$13,401$4,948
23 years$34,354$26,821$20,715$15,849$12,030$4,199
24 years$32,574$25,129$19,158$14,455$10,813$3,566
25 years$30,938$23,583$17,744$13,201$9,730$3,030
26 years$29,430$22,164$16,457$12,071$8,764$2,576
27 years$28,037$20,859$15,281$11,049$7,902$2,191
28 years$26,745$19,655$14,206$10,123$7,130$1,864
29 years$25,545$18,542$13,220$9,283$6,438$1,587
30 years$24,427$17,511$12,314$8,519$5,817$1,351
31 years$23,383$16,554$11,480$7,824$5,259$1,150
32 years$22,406$15,663$10,711$7,191$4,757$979
33 years$21,490$14,834$10,001$6,613$4,305$834
34 years$20,630$14,059$9,344$6,084$3,898$711
35 years$19,821$13,335$8,736$5,601$3,531$605
36 years$19,059$12,656$8,172$5,158$3,199$516
37 years$18,339$12,021$7,649$4,753$2,899$440
38 years$17,659$11,424$7,163$4,381$2,629$375
39 years$17,016$10,863$6,711$4,039$2,384$319
40 years$16,406$10,335$6,290$3,725$2,162$272
41 years$15,827$9,838$5,898$3,437$1,961$232
42 years$15,278$9,370$5,533$3,172$1,780$198
43 years$14,755$8,927$5,192$2,928$1,615$168
44 years$14,258$8,510$4,873$2,704$1,466$144
45 years$13,784$8,115$4,576$2,497$1,331$122
46 years$13,332$7,741$4,298$2,307$1,209$104
47 years$12,900$7,387$4,038$2,131$1,097$89
48 years$12,488$7,052$3,794$1,969$997$76
49 years$12,094$6,735$3,567$1,820$905$65
50 years$11,716$6,433$3,353$1,682$822$55

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 $4,812 every year, while hoping to spend $58,224 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: 79/5/16 Blend
65$12,000,000$12,000,000$12,000,000$12,000,000
66$13,228,964$12,592,964$12,406,964$14,228,549
67$14,516,368$13,148,069$12,760,647$15,442,852
68$15,933,136$13,728,423$13,124,227$16,766,996
69$17,492,402$14,335,202$13,497,975$18,218,268
70$19,208,636$14,969,636$13,882,166$19,809,377
71$21,097,785$15,633,016$14,277,087$21,554,320
72$23,177,418$16,326,692$14,683,028$23,468,511
73$25,466,894$17,052,080$15,100,289$25,568,930
74$27,987,547$17,810,661$15,529,178$27,874,276
75$30,762,881$18,603,989$15,970,010$30,405,147
76$33,818,799$19,433,688$16,423,110$33,184,231
77$37,183,841$20,301,463$16,888,808$36,236,520
78$40,889,456$21,209,097$17,367,446$39,589,542
79$44,970,299$22,158,461$17,859,374$43,273,624
80$49,464,556$23,151,513$18,364,950$47,322,173
81$54,414,307$24,190,304$18,884,542$51,771,990
82$59,865,921$25,276,983$19,418,529$56,663,618
83$65,870,491$26,413,802$19,967,296$62,041,722
84$72,484,323$27,603,120$20,531,242$67,955,509
85$79,769,459$28,847,408$21,110,774$74,459,190
86$87,794,269$30,149,256$21,706,310$81,612,490
87$96,634,092$31,511,377$22,318,278$89,481,212
88$106,371,948$32,936,613$22,947,119$98,137,854
89$117,099,322$34,427,942$23,593,284$107,662,293
90$128,917,028$35,988,487$24,257,234$118,142,534
91$141,936,158$37,621,515$24,939,444$129,675,542
92$156,279,131$39,330,454$25,640,400$142,368,154
93$172,080,850$41,118,894$26,360,601$156,338,086
94$189,489,973$42,990,597$27,100,558$171,715,037
95$208,670,319$44,949,505$27,860,795$188,641,918
96$229,802,410$46,999,748$28,641,850$207,276,195
97$253,085,177$49,145,657$29,444,273$227,791,372
98$278,737,838$51,391,768$30,268,630$250,378,628
99$307,001,967$53,742,834$31,115,498$275,248,616
100$338,143,773$56,203,837$31,985,472$302,633,452