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

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$969,770
2 years$502,833$493,468$484,392$475,592$467,057$455,933
3 years$331,892$322,487$313,434$304,717$296,320$285,467
4 years$246,438$237,062$228,100$219,531$211,338$200,840
5 years$195,180$185,859$177,015$168,621$160,656$150,543
6 years$161,018$151,768$143,054$134,848$127,121$117,407
7 years$136,627$127,455$118,879$110,866$103,384$94,071
8 years$118,342$109,252$100,818$93,002$85,767$76,855
9 years$104,127$95,124$86,835$79,217$72,228$63,714
10 years$92,762$83,847$75,705$68,286$61,542$53,420
11 years$83,470$74,644$66,649$59,429$52,928$45,191
12 years$75,732$66,996$59,149$52,128$45,866$38,507
13 years$69,189$60,545$52,846$46,021$39,996$33,005
14 years$63,586$55,034$47,482$40,852$35,061$28,427
15 years$58,735$50,274$42,870$36,433$30,870$24,584
16 years$54,494$46,126$38,868$32,622$27,283$21,334
17 years$50,755$42,480$35,369$29,310$24,191$18,567
18 years$47,436$39,254$32,287$26,415$21,510$16,200
19 years$44,470$36,380$29,557$23,868$19,172$14,164
20 years$41,804$33,806$27,126$21,617$17,125$12,407
21 years$39,395$31,489$24,951$19,619$15,325$10,886
22 years$37,207$29,394$22,996$17,838$13,736$9,564
23 years$35,213$27,491$21,233$16,245$12,331$8,412
24 years$33,388$25,758$19,637$14,817$11,083$7,407
25 years$31,711$24,172$18,187$13,531$9,973$6,528
26 years$30,166$22,718$16,868$12,372$8,983$5,758
27 years$28,738$21,380$15,663$11,325$8,099$5,083
28 years$27,414$20,147$14,561$10,376$7,308$4,489
29 years$26,184$19,006$13,550$9,515$6,599$3,967
30 years$25,037$17,949$12,622$8,732$5,963$3,507
31 years$23,967$16,968$11,767$8,020$5,391$3,102
32 years$22,966$16,055$10,979$7,371$4,876$2,745
33 years$22,027$15,204$10,251$6,778$4,413$2,429
34 years$21,146$14,410$9,578$6,236$3,996$2,151
35 years$20,317$13,668$8,955$5,741$3,619$1,905
36 years$19,535$12,973$8,377$5,287$3,279$1,687
37 years$18,798$12,321$7,841$4,871$2,972$1,495
38 years$18,101$11,710$7,342$4,490$2,694$1,324
39 years$17,441$11,135$6,879$4,140$2,443$1,174
40 years$16,816$10,594$6,448$3,819$2,216$1,040
41 years$16,223$10,084$6,046$3,523$2,010$922
42 years$15,660$9,604$5,671$3,251$1,824$818
43 years$15,124$9,151$5,322$3,001$1,656$725
44 years$14,614$8,722$4,995$2,771$1,503$643
45 years$14,128$8,318$4,690$2,559$1,364$570
46 years$13,665$7,935$4,405$2,364$1,239$506
47 years$13,223$7,572$4,139$2,184$1,125$448
48 years$12,800$7,229$3,889$2,018$1,022$398
49 years$12,396$6,903$3,656$1,865$928$353
50 years$12,009$6,594$3,437$1,724$843$313

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 $2,654 every year, while hoping to spend $23,656 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: 36/34/30 Blend
65$12,300,000$12,300,000$12,300,000$12,300,000
66$13,557,338$12,905,438$12,714,788$13,923,367
67$14,915,016$13,512,634$13,115,563$14,804,578
68$16,410,385$14,148,791$13,528,972$15,752,940
69$18,057,464$14,815,301$13,955,412$16,776,357
70$19,871,701$15,513,627$14,395,294$17,881,605
71$21,870,121$16,245,300$14,849,042$19,076,116
72$24,071,481$17,011,928$15,317,094$20,368,041
73$26,496,455$17,815,195$15,799,899$21,766,322
74$29,167,820$18,656,867$16,297,922$23,280,770
75$32,110,680$19,538,796$16,811,645$24,922,153
76$35,352,696$20,462,923$17,341,561$26,702,289
77$38,924,349$21,431,284$17,888,182$28,634,157
78$42,859,229$22,446,014$18,452,033$30,732,007
79$47,194,353$23,509,350$19,033,658$33,011,490
80$51,970,508$24,623,640$19,633,616$35,489,799
81$57,232,644$25,791,343$20,252,487$38,185,823
82$63,030,295$27,015,040$20,890,867$41,120,318
83$69,418,044$28,297,435$21,549,369$44,316,094
84$76,456,040$29,641,365$22,228,629$47,798,221
85$84,210,569$31,049,805$22,929,301$51,594,260
86$92,754,674$32,525,873$23,652,060$55,734,511
87$102,168,849$34,072,838$24,397,602$60,252,289
88$112,541,795$35,694,131$25,166,645$65,184,230
89$123,971,262$37,393,347$25,959,931$70,570,625
90$136,564,965$39,174,255$26,778,223$76,455,789
91$150,441,608$41,040,810$27,622,310$82,888,468
92$165,731,999$42,997,157$28,493,005$89,922,287
93$182,580,289$45,047,644$29,391,146$97,616,245
94$201,145,328$47,196,828$30,317,600$106,035,256
95$221,602,170$49,449,491$31,273,258$115,250,747
96$244,143,720$51,810,645$32,259,041$125,341,322
97$268,982,560$54,285,547$33,275,899$136,393,485
98$296,352,951$56,879,708$34,324,811$148,502,443
99$326,513,048$59,598,910$35,406,788$161,772,985
100$359,747,336$62,449,214$36,522,872$176,320,459