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%15.1%
1 years$990,949$982,122$973,510$965,105$956,897$936,811
2 years$490,569$481,432$472,578$463,993$455,665$435,523
3 years$323,797$314,621$305,789$297,285$289,093$269,524
4 years$240,428$231,280$222,536$214,177$206,183$187,338
5 years$190,419$181,326$172,697$164,508$156,737$138,669
6 years$157,091$148,067$139,565$131,559$124,021$106,749
7 years$133,294$124,346$115,979$108,162$100,862$84,390
8 years$115,455$106,588$98,360$90,734$83,675$67,997
9 years$101,588$92,804$84,717$77,285$70,466$55,572
10 years$90,500$81,802$73,858$66,621$60,041$45,915
11 years$81,434$72,823$65,024$57,980$51,637$38,262
12 years$73,885$65,362$57,707$50,856$44,748$32,103
13 years$67,502$59,068$51,557$44,898$39,021$27,085
14 years$62,035$53,692$46,324$39,856$34,205$22,955
15 years$57,302$49,048$41,825$35,544$30,117$19,528
16 years$53,165$45,001$37,920$31,826$26,618$16,664
17 years$49,518$41,444$34,506$28,595$23,601$14,258
18 years$46,279$38,296$31,499$25,770$20,985$12,226
19 years$43,385$35,493$28,836$23,286$18,704$10,503
20 years$40,784$32,981$26,464$21,090$16,707$9,037
21 years$38,434$30,721$24,342$19,140$14,951$7,786
22 years$36,300$28,677$22,435$17,403$13,401$6,716
23 years$34,354$26,821$20,715$15,849$12,030$5,799
24 years$32,574$25,129$19,158$14,455$10,813$5,011
25 years$30,938$23,583$17,744$13,201$9,730$4,334
26 years$29,430$22,164$16,457$12,071$8,764$3,750
27 years$28,037$20,859$15,281$11,049$7,902$3,247
28 years$26,745$19,655$14,206$10,123$7,130$2,812
29 years$25,545$18,542$13,220$9,283$6,438$2,437
30 years$24,427$17,511$12,314$8,519$5,817$2,113
31 years$23,383$16,554$11,480$7,824$5,259$1,832
32 years$22,406$15,663$10,711$7,191$4,757$1,589
33 years$21,490$14,834$10,001$6,613$4,305$1,378
34 years$20,630$14,059$9,344$6,084$3,898$1,196
35 years$19,821$13,335$8,736$5,601$3,531$1,038
36 years$19,059$12,656$8,172$5,158$3,199$901
37 years$18,339$12,021$7,649$4,753$2,899$782
38 years$17,659$11,424$7,163$4,381$2,629$679
39 years$17,016$10,863$6,711$4,039$2,384$590
40 years$16,406$10,335$6,290$3,725$2,162$512
41 years$15,827$9,838$5,898$3,437$1,961$445
42 years$15,278$9,370$5,533$3,172$1,780$386
43 years$14,755$8,927$5,192$2,928$1,615$335
44 years$14,258$8,510$4,873$2,704$1,466$291
45 years$13,784$8,115$4,576$2,497$1,331$253
46 years$13,332$7,741$4,298$2,307$1,209$220
47 years$12,900$7,387$4,038$2,131$1,097$191
48 years$12,488$7,052$3,794$1,969$997$166
49 years$12,094$6,735$3,567$1,820$905$144
50 years$11,716$6,433$3,353$1,682$822$125

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 $4,019 every year, while hoping to spend $45,831 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: 52/30/18 Blend
65$12,000,000$12,000,000$12,000,000$12,000,000
66$13,228,146$12,592,146$12,406,146$13,850,614
67$14,528,653$13,160,397$12,772,988$14,846,832
68$15,960,275$13,754,956$13,150,583$15,924,675
69$17,536,339$14,377,065$13,539,243$17,096,019
70$19,271,527$15,028,022$13,939,289$18,369,748
71$21,182,018$15,709,191$14,351,051$19,755,624
72$23,285,641$16,421,998$14,774,867$21,264,375
73$25,602,039$17,167,939$15,211,088$22,907,794
74$28,152,859$17,948,580$15,660,072$24,698,845
75$30,961,955$18,765,565$16,122,189$26,651,783
76$34,055,610$19,620,613$16,597,818$28,782,281
77$37,462,787$20,515,528$17,087,349$31,107,577
78$41,215,401$21,452,199$17,591,186$33,646,629
79$45,348,622$22,432,606$18,109,740$36,420,290
80$49,901,202$23,458,825$18,643,437$39,451,499
81$54,915,847$24,533,030$19,192,715$42,765,495
82$60,439,614$25,657,499$19,758,022$46,390,044
83$66,524,360$26,834,621$20,339,820$50,355,700
84$73,227,227$28,066,900$20,938,586$54,696,083
85$80,611,183$29,356,957$21,554,808$59,448,195
86$88,745,619$30,707,543$22,188,990$64,652,756
87$97,706,999$32,121,539$22,841,647$70,354,587
88$107,579,582$33,601,964$23,513,312$76,603,023
89$118,456,223$35,151,984$24,204,531$83,452,370
90$130,439,243$36,774,916$24,915,868$90,962,410
91$143,641,395$38,474,237$25,647,899$99,198,959
92$158,186,934$40,253,591$26,401,220$108,234,476
93$174,212,782$42,116,798$27,176,442$118,148,740
94$191,869,827$44,067,862$27,974,194$129,029,592
95$211,324,341$46,110,979$28,795,121$140,973,755
96$232,759,555$48,250,548$29,639,889$154,087,734
97$256,377,385$50,491,181$30,509,181$168,488,816
98$282,400,339$52,837,709$31,403,699$184,306,156
99$311,073,617$55,295,200$32,324,166$201,681,995
100$342,667,425$57,868,964$33,271,325$220,772,980