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%18.6%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$946,772
2 years$502,833$493,468$484,392$475,592$467,057$433,107
3 years$331,892$322,487$313,434$304,717$296,320$263,534
4 years$246,438$237,062$228,100$219,531$211,338$179,967
5 years$195,180$185,859$177,015$168,621$160,656$130,782
6 years$161,018$151,768$143,054$134,848$127,121$98,768
7 years$136,627$127,455$118,879$110,866$103,384$76,545
8 years$118,342$109,252$100,818$93,002$85,767$60,422
9 years$104,127$95,124$86,835$79,217$72,228$48,344
10 years$92,762$83,847$75,705$68,286$61,542$39,080
11 years$83,470$74,644$66,649$59,429$52,928$31,843
12 years$75,732$66,996$59,149$52,128$45,866$26,109
13 years$69,189$60,545$52,846$46,021$39,996$21,514
14 years$63,586$55,034$47,482$40,852$35,061$17,799
15 years$58,735$50,274$42,870$36,433$30,870$14,773
16 years$54,494$46,126$38,868$32,622$27,283$12,295
17 years$50,755$42,480$35,369$29,310$24,191$10,254
18 years$47,436$39,254$32,287$26,415$21,510$8,568
19 years$44,470$36,380$29,557$23,868$19,172$7,169
20 years$41,804$33,806$27,126$21,617$17,125$6,007
21 years$39,395$31,489$24,951$19,619$15,325$5,038
22 years$37,207$29,394$22,996$17,838$13,736$4,229
23 years$35,213$27,491$21,233$16,245$12,331$3,552
24 years$33,388$25,758$19,637$14,817$11,083$2,986
25 years$31,711$24,172$18,187$13,531$9,973$2,511
26 years$30,166$22,718$16,868$12,372$8,983$2,112
27 years$28,738$21,380$15,663$11,325$8,099$1,778
28 years$27,414$20,147$14,561$10,376$7,308$1,496
29 years$26,184$19,006$13,550$9,515$6,599$1,260
30 years$25,037$17,949$12,622$8,732$5,963$1,061
31 years$23,967$16,968$11,767$8,020$5,391$894
32 years$22,966$16,055$10,979$7,371$4,876$753
33 years$22,027$15,204$10,251$6,778$4,413$635
34 years$21,146$14,410$9,578$6,236$3,996$535
35 years$20,317$13,668$8,955$5,741$3,619$451
36 years$19,535$12,973$8,377$5,287$3,279$380
37 years$18,798$12,321$7,841$4,871$2,972$320
38 years$18,101$11,710$7,342$4,490$2,694$270
39 years$17,441$11,135$6,879$4,140$2,443$228
40 years$16,816$10,594$6,448$3,819$2,216$192
41 years$16,223$10,084$6,046$3,523$2,010$162
42 years$15,660$9,604$5,671$3,251$1,824$136
43 years$15,124$9,151$5,322$3,001$1,656$115
44 years$14,614$8,722$4,995$2,771$1,503$97
45 years$14,128$8,318$4,690$2,559$1,364$82
46 years$13,665$7,935$4,405$2,364$1,239$69
47 years$13,223$7,572$4,139$2,184$1,125$58
48 years$12,800$7,229$3,889$2,018$1,022$49
49 years$12,396$6,903$3,656$1,865$928$41
50 years$12,009$6,594$3,437$1,724$843$35

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 $6,869 every year, while hoping to spend $49,770 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: 38/41/21 Blend
65$12,300,000$12,300,000$12,300,000$12,300,000
66$13,561,685$12,909,785$12,719,135$13,991,492
67$14,892,022$13,489,410$13,092,272$14,882,814
68$16,356,386$14,095,768$13,476,240$15,840,263
69$17,968,393$14,730,117$13,871,350$16,874,001
70$19,743,051$15,393,774$14,277,922$17,990,946
71$21,696,893$16,088,120$14,696,283$19,198,688
72$23,848,139$16,814,601$15,126,771$20,505,551
73$26,216,864$17,574,731$15,569,732$21,920,669
74$28,825,189$18,370,098$16,025,524$23,454,066
75$31,697,491$19,202,365$16,494,512$25,116,744
76$34,860,630$20,073,276$16,977,073$26,920,784
77$38,344,204$20,984,657$17,473,595$28,879,449
78$42,180,828$21,938,420$17,984,475$31,007,307
79$46,406,442$22,936,571$18,510,124$33,320,358
80$51,060,647$23,981,212$19,050,962$35,836,183
81$56,187,086$25,074,544$19,607,421$38,574,097
82$61,833,846$26,218,874$20,179,947$41,555,327
83$68,053,919$27,416,620$20,768,997$44,803,203
84$74,905,700$28,670,315$21,375,039$48,343,370
85$82,453,537$29,982,616$21,998,558$52,204,021
86$90,768,337$31,356,304$22,640,050$56,416,154
87$99,928,241$32,794,296$23,300,025$61,013,857
88$110,019,353$34,299,648$23,979,007$66,034,615
89$121,136,558$35,875,562$24,677,535$71,519,657
90$133,384,419$37,525,397$25,396,164$77,514,334
91$146,878,157$39,252,669$26,135,464$84,068,532
92$161,744,746$41,061,065$26,896,018$91,237,136
93$178,124,104$42,954,452$27,678,428$99,080,532
94$196,170,420$44,936,878$28,483,314$107,665,164
95$216,053,607$47,012,589$29,311,309$117,064,148
96$237,960,905$49,186,035$30,163,067$127,357,948
97$262,098,646$51,461,880$31,039,259$138,635,121
98$288,694,207$53,845,011$31,940,573$150,993,134
99$317,998,152$56,340,553$32,867,719$164,539,272
100$350,286,600$58,953,876$33,821,423$179,391,631