Can I retire at age 66 with 12,300,000?

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$966,561
2 years$502,833$493,468$484,392$475,592$467,057$452,722
3 years$331,892$322,487$313,434$304,717$296,320$282,354
4 years$246,438$237,062$228,100$219,531$211,338$197,848
5 years$195,180$185,859$177,015$168,621$160,656$147,682
6 years$161,018$151,768$143,054$134,848$127,121$114,678
7 years$136,627$127,455$118,879$110,866$103,384$91,476
8 years$118,342$109,252$100,818$93,002$85,767$74,392
9 years$104,127$95,124$86,835$79,217$72,228$61,382
10 years$92,762$83,847$75,705$68,286$61,542$51,215
11 years$83,470$74,644$66,649$59,429$52,928$43,111
12 years$75,732$66,996$59,149$52,128$45,866$36,547
13 years$69,189$60,545$52,846$46,021$39,996$31,162
14 years$63,586$55,034$47,482$40,852$35,061$26,697
15 years$58,735$50,274$42,870$36,433$30,870$22,963
16 years$54,494$46,126$38,868$32,622$27,283$19,817
17 years$50,755$42,480$35,369$29,310$24,191$17,150
18 years$47,436$39,254$32,287$26,415$21,510$14,877
19 years$44,470$36,380$29,557$23,868$19,172$12,933
20 years$41,804$33,806$27,126$21,617$17,125$11,262
21 years$39,395$31,489$24,951$19,619$15,325$9,821
22 years$37,207$29,394$22,996$17,838$13,736$8,576
23 years$35,213$27,491$21,233$16,245$12,331$7,498
24 years$33,388$25,758$19,637$14,817$11,083$6,561
25 years$31,711$24,172$18,187$13,531$9,973$5,746
26 years$30,166$22,718$16,868$12,372$8,983$5,036
27 years$28,738$21,380$15,663$11,325$8,099$4,417
28 years$27,414$20,147$14,561$10,376$7,308$3,876
29 years$26,184$19,006$13,550$9,515$6,599$3,403
30 years$25,037$17,949$12,622$8,732$5,963$2,989
31 years$23,967$16,968$11,767$8,020$5,391$2,626
32 years$22,966$16,055$10,979$7,371$4,876$2,308
33 years$22,027$15,204$10,251$6,778$4,413$2,030
34 years$21,146$14,410$9,578$6,236$3,996$1,785
35 years$20,317$13,668$8,955$5,741$3,619$1,570
36 years$19,535$12,973$8,377$5,287$3,279$1,381
37 years$18,798$12,321$7,841$4,871$2,972$1,215
38 years$18,101$11,710$7,342$4,490$2,694$1,070
39 years$17,441$11,135$6,879$4,140$2,443$942
40 years$16,816$10,594$6,448$3,819$2,216$829
41 years$16,223$10,084$6,046$3,523$2,010$730
42 years$15,660$9,604$5,671$3,251$1,824$642
43 years$15,124$9,151$5,322$3,001$1,656$566
44 years$14,614$8,722$4,995$2,771$1,503$498
45 years$14,128$8,318$4,690$2,559$1,364$439
46 years$13,665$7,935$4,405$2,364$1,239$386
47 years$13,223$7,572$4,139$2,184$1,125$340
48 years$12,800$7,229$3,889$2,018$1,022$300
49 years$12,396$6,903$3,656$1,865$928$264
50 years$12,009$6,594$3,437$1,724$843$233

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $12,300,000, adding $4,841 every year, while hoping to spend $29,507 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: 47/38/15 Blend
65$12,300,000$12,300,000$12,300,000$12,300,000
66$13,559,593$12,907,693$12,717,043$14,139,423
67$14,911,277$13,508,775$13,111,669$15,142,899
68$16,399,843$14,138,321$13,518,526$16,227,980
69$18,039,223$14,797,695$13,937,992$17,405,020
70$19,844,767$15,488,325$14,370,459$18,682,602
71$21,833,391$16,211,711$14,816,327$20,070,144
72$24,023,736$16,969,423$15,276,013$21,577,993
73$26,436,340$17,763,109$15,749,943$23,217,511
74$29,093,839$18,594,494$16,238,558$25,001,175
75$32,021,175$19,465,388$16,742,314$26,942,698
76$35,245,831$20,377,688$17,261,678$29,057,142
77$38,798,095$21,333,384$17,797,133$31,361,064
78$42,711,341$22,334,560$18,349,177$33,872,656
79$47,022,347$23,383,403$18,918,324$36,611,920
80$51,771,641$24,482,204$19,505,102$39,600,842
81$57,003,883$25,633,367$20,110,058$42,863,595
82$62,768,287$26,839,409$20,733,752$46,426,760
83$69,119,085$28,102,973$21,376,766$50,319,571
84$76,116,040$29,426,828$22,039,697$54,574,176
85$83,825,010$30,813,876$22,723,160$59,225,938
86$92,318,565$32,267,160$23,427,790$64,313,758
87$101,676,681$33,789,873$24,154,243$69,880,430
88$111,987,486$35,385,360$24,903,194$75,973,039
89$123,348,096$37,057,130$25,675,337$82,643,391
90$135,865,532$38,808,859$26,471,391$89,948,495
91$149,657,727$40,644,404$27,292,094$97,951,084
92$164,854,645$42,567,810$28,138,209$106,720,201
93$181,599,502$44,583,315$29,010,522$116,331,837
94$200,050,118$46,695,365$29,909,842$126,869,630
95$220,380,413$48,908,621$30,837,004$138,425,648
96$242,782,041$51,227,969$31,792,870$151,101,238
97$267,466,205$53,658,535$32,778,326$165,007,969
98$294,665,645$56,205,690$33,794,287$180,268,674
99$324,636,841$58,875,070$34,841,696$197,018,583
100$357,662,432$61,672,581$35,921,526$215,406,593