Can I retire at age 66 with 12,100,000?

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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$999,207$990,306$981,623$973,147$964,871$957,587
2 years$494,657$485,444$476,516$467,859$459,462$452,118
3 years$326,495$317,243$308,337$299,762$291,502$284,325
4 years$242,431$233,207$224,391$215,962$207,902$200,948
5 years$192,006$182,837$174,136$165,879$158,043$151,334
6 years$158,400$149,300$140,728$132,655$125,054$118,597
7 years$134,405$125,382$116,946$109,063$101,703$95,500
8 years$116,417$107,476$99,179$91,490$84,372$78,425
9 years$102,434$93,577$85,423$77,929$71,054$65,359
10 years$91,254$82,484$74,474$67,176$60,541$55,097
11 years$82,113$73,430$65,565$58,463$52,067$46,870
12 years$74,500$65,907$58,188$51,280$45,121$40,165
13 years$68,064$59,561$51,987$45,273$39,346$34,626
14 years$62,552$54,139$46,710$40,188$34,490$30,001
15 years$57,780$49,457$42,173$35,841$30,368$26,103
16 years$53,608$45,376$38,236$32,091$26,839$22,792
17 years$49,930$41,789$34,793$28,834$23,798$19,962
18 years$46,665$38,615$31,762$25,985$21,160$17,528
19 years$43,747$35,788$29,077$23,480$18,860$15,426
20 years$41,124$33,256$26,685$21,265$16,846$13,601
21 years$38,754$30,977$24,545$19,300$15,076$12,013
22 years$36,602$28,916$22,622$17,548$13,513$10,626
23 years$34,641$27,044$20,887$15,981$12,130$9,411
24 years$32,845$25,339$19,317$14,576$10,903$8,344
25 years$31,196$23,779$17,892$13,311$9,811$7,406
26 years$29,676$22,349$16,594$12,171$8,837$6,579
27 years$28,271$21,033$15,409$11,141$7,968$5,849
28 years$26,968$19,819$14,324$10,207$7,189$5,203
29 years$25,758$18,697$13,330$9,360$6,492$4,631
30 years$24,630$17,657$12,416$8,590$5,866$4,125
31 years$23,578$16,692$11,576$7,890$5,303$3,675
32 years$22,593$15,794$10,800$7,251$4,797$3,276
33 years$21,669$14,957$10,084$6,668$4,341$2,921
34 years$20,802$14,176$9,422$6,135$3,931$2,606
35 years$19,986$13,446$8,809$5,647$3,560$2,325
36 years$19,218$12,762$8,241$5,201$3,226$2,075
37 years$18,492$12,121$7,713$4,792$2,924$1,853
38 years$17,806$11,519$7,223$4,417$2,650$1,654
39 years$17,158$10,954$6,767$4,073$2,403$1,477
40 years$16,543$10,421$6,343$3,757$2,180$1,320
41 years$15,959$9,920$5,948$3,466$1,978$1,179
42 years$15,405$9,448$5,579$3,199$1,795$1,053
43 years$14,878$9,002$5,235$2,953$1,629$941
44 years$14,377$8,581$4,914$2,726$1,478$841
45 years$13,899$8,182$4,614$2,518$1,342$752
46 years$13,443$7,806$4,334$2,326$1,219$672
47 years$13,008$7,449$4,071$2,149$1,107$601
48 years$12,592$7,111$3,826$1,985$1,005$537
49 years$12,194$6,791$3,596$1,835$913$480
50 years$11,814$6,487$3,381$1,696$829$429

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $12,100,000, adding $2,607 every year, while hoping to spend $24,605 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: 58/13/29 Blend
65$12,100,000$12,100,000$12,100,000$12,100,000
66$13,336,889$12,695,589$12,508,039$14,004,348
67$14,671,072$13,291,493$12,900,879$15,058,280
68$16,140,517$13,915,772$13,306,054$16,204,123
69$17,758,995$14,569,790$13,723,952$17,453,092
70$19,541,681$15,254,978$14,154,972$18,815,201
71$21,505,295$15,972,835$14,599,527$20,301,467
72$23,668,264$16,724,933$15,058,040$21,924,007
73$26,050,893$17,512,920$15,530,950$23,696,157
74$28,675,557$18,338,526$16,018,710$25,632,589
75$31,566,912$19,203,562$16,521,785$27,749,449
76$34,752,128$20,109,928$17,040,656$30,064,506
77$38,261,147$21,059,616$17,575,819$32,597,317
78$42,126,960$22,054,714$18,127,786$35,369,409
79$46,385,927$23,097,411$18,697,083$38,404,477
80$51,078,112$24,190,005$19,284,256$41,728,606
81$56,247,665$25,334,901$19,889,864$45,370,510
82$61,943,240$26,534,624$20,514,488$49,361,805
83$68,218,450$27,791,821$21,158,723$53,737,298
84$75,132,378$29,109,265$21,823,186$58,535,315
85$82,750,128$30,489,868$22,508,511$63,798,056
86$91,143,449$31,936,678$23,215,353$69,571,992
87$100,391,401$33,452,896$23,944,388$75,908,294
88$110,581,111$35,041,875$24,696,312$82,863,317
89$121,808,589$36,707,132$25,471,844$90,499,120
90$134,179,639$38,452,355$26,271,724$98,884,056
91$147,810,853$40,281,412$27,096,718$108,093,401
92$162,830,715$42,198,356$27,947,613$118,210,066
93$179,380,813$44,207,439$28,825,222$129,325,372
94$197,617,173$46,313,121$29,730,384$141,539,906
95$217,711,737$48,520,076$30,663,964$154,964,461
96$239,853,981$50,833,207$31,626,854$169,721,080
97$264,252,707$53,257,654$32,619,973$185,944,196
98$291,138,011$55,798,808$33,644,271$203,781,900
99$320,763,461$58,462,321$34,700,726$223,397,323
100$353,408,481$61,254,122$35,790,348$244,970,175