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

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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$999,207$990,306$981,623$973,147$964,871$950,060
2 years$494,657$485,444$476,516$467,859$459,462$444,577
3 years$326,495$317,243$308,337$299,762$291,502$277,004
4 years$242,431$233,207$224,391$215,962$207,902$193,904
5 years$192,006$182,837$174,136$165,879$158,043$144,586
6 years$158,400$149,300$140,728$132,655$125,054$112,153
7 years$134,405$125,382$116,946$109,063$101,703$89,361
8 years$116,417$107,476$99,179$91,490$84,372$72,589
9 years$102,434$93,577$85,423$77,929$71,054$59,823
10 years$91,254$82,484$74,474$67,176$60,541$49,854
11 years$82,113$73,430$65,565$58,463$52,067$41,912
12 years$74,500$65,907$58,188$51,280$45,121$35,485
13 years$68,064$59,561$51,987$45,273$39,346$30,217
14 years$62,552$54,139$46,710$40,188$34,490$25,853
15 years$57,780$49,457$42,173$35,841$30,368$22,206
16 years$53,608$45,376$38,236$32,091$26,839$19,137
17 years$49,930$41,789$34,793$28,834$23,798$16,538
18 years$46,665$38,615$31,762$25,985$21,160$14,326
19 years$43,747$35,788$29,077$23,480$18,860$12,435
20 years$41,124$33,256$26,685$21,265$16,846$10,812
21 years$38,754$30,977$24,545$19,300$15,076$9,415
22 years$36,602$28,916$22,622$17,548$13,513$8,209
23 years$34,641$27,044$20,887$15,981$12,130$7,166
24 years$32,845$25,339$19,317$14,576$10,903$6,261
25 years$31,196$23,779$17,892$13,311$9,811$5,475
26 years$29,676$22,349$16,594$12,171$8,837$4,791
27 years$28,271$21,033$15,409$11,141$7,968$4,195
28 years$26,968$19,819$14,324$10,207$7,189$3,675
29 years$25,758$18,697$13,330$9,360$6,492$3,221
30 years$24,630$17,657$12,416$8,590$5,866$2,825
31 years$23,578$16,692$11,576$7,890$5,303$2,478
32 years$22,593$15,794$10,800$7,251$4,797$2,174
33 years$21,669$14,957$10,084$6,668$4,341$1,909
34 years$20,802$14,176$9,422$6,135$3,931$1,676
35 years$19,986$13,446$8,809$5,647$3,560$1,471
36 years$19,218$12,762$8,241$5,201$3,226$1,292
37 years$18,492$12,121$7,713$4,792$2,924$1,135
38 years$17,806$11,519$7,223$4,417$2,650$997
39 years$17,158$10,954$6,767$4,073$2,403$876
40 years$16,543$10,421$6,343$3,757$2,180$770
41 years$15,959$9,920$5,948$3,466$1,978$677
42 years$15,405$9,448$5,579$3,199$1,795$595
43 years$14,878$9,002$5,235$2,953$1,629$523
44 years$14,377$8,581$4,914$2,726$1,478$460
45 years$13,899$8,182$4,614$2,518$1,342$404
46 years$13,443$7,806$4,334$2,326$1,219$355
47 years$13,008$7,449$4,071$2,149$1,107$312
48 years$12,592$7,111$3,826$1,985$1,005$275
49 years$12,194$6,791$3,596$1,835$913$242
50 years$11,814$6,487$3,381$1,696$829$212

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 $3,309 every year, while hoping to spend $36,629 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: 68/22/10 Blend
65$12,100,000$12,100,000$12,100,000$12,100,000
66$13,337,613$12,696,313$12,508,763$14,217,225
67$14,659,077$13,279,460$12,888,834$15,384,874
68$16,114,102$13,889,953$13,280,409$16,656,673
69$17,716,273$14,529,093$13,683,836$18,046,577
70$19,480,560$15,198,246$14,099,471$19,566,155
71$21,423,457$15,898,839$14,527,683$21,228,135
72$23,563,139$16,632,372$14,968,850$23,046,523
73$25,919,636$17,400,414$15,423,363$25,036,730
74$28,515,016$18,204,612$15,891,623$27,215,715
75$31,373,599$19,046,690$16,374,044$29,602,143
76$34,522,185$19,928,457$16,871,053$32,216,559
77$37,990,304$20,851,807$17,383,090$35,081,573
78$41,810,497$21,818,727$17,910,605$38,222,077
79$46,018,622$22,831,300$18,454,065$41,665,471
80$50,654,196$23,891,707$19,013,950$45,441,918
81$55,760,760$25,002,237$19,590,754$49,584,627
82$61,386,299$26,165,289$20,184,986$54,130,162
83$67,583,688$27,383,374$20,797,169$59,118,780
84$74,411,195$28,659,130$21,427,844$64,594,807
85$81,933,027$29,995,317$22,077,567$70,607,055
86$90,219,940$31,394,832$22,746,911$77,209,272
87$99,349,906$32,860,711$23,436,464$84,460,649
88$109,408,845$34,396,135$24,146,834$92,426,368
89$120,491,441$36,004,440$24,878,647$101,178,217
90$132,702,034$37,689,123$25,632,548$110,795,256
91$146,155,601$39,453,850$26,409,198$121,364,561
92$160,978,848$41,302,464$27,209,282$132,982,037
93$177,311,401$43,238,995$28,033,503$145,753,317
94$195,307,125$45,267,666$28,882,586$159,794,752
95$215,135,576$47,392,906$29,757,277$175,234,499
96$236,983,603$49,619,358$30,658,345$192,213,727
97$261,057,112$51,951,887$31,586,580$210,887,937
98$287,583,005$54,395,598$32,542,799$231,428,425
99$316,811,329$56,955,839$33,527,840$254,023,887
100$349,017,630$59,638,221$34,542,568$278,882,189