Can I retire at age 66 with 12,400,000?

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 $12,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$968,829
2 years$506,921$497,480$488,330$479,459$470,854$450,828
3 years$334,590$325,109$315,982$307,194$298,729$279,266
4 years$248,442$238,989$229,954$221,316$213,056$194,306
5 years$196,766$187,371$178,454$169,992$161,962$143,977
6 years$162,327$153,002$144,217$135,944$128,155$110,956
7 years$137,738$128,491$119,845$111,767$104,224$87,814
8 years$119,304$110,140$101,638$93,759$86,464$70,839
9 years$104,974$95,897$87,541$79,861$72,815$57,964
10 years$93,517$84,529$76,320$68,841$62,042$47,950
11 years$84,149$75,251$67,191$59,913$53,358$40,009
12 years$76,348$67,541$59,630$52,551$46,239$33,613
13 years$69,752$61,037$53,276$46,395$40,322$28,396
14 years$64,103$55,481$47,869$41,184$35,346$24,099
15 years$59,212$50,683$43,219$36,729$31,121$20,530
16 years$54,937$46,501$39,184$32,887$27,505$17,544
17 years$51,168$42,826$35,656$29,549$24,388$15,032
18 years$47,822$39,573$32,549$26,629$21,684$12,908
19 years$44,832$36,676$29,797$24,062$19,328$11,106
20 years$42,144$34,081$27,347$21,793$17,264$9,570
21 years$39,715$31,745$25,154$19,778$15,449$8,258
22 years$37,510$29,633$23,183$17,983$13,848$7,134
23 years$35,499$27,715$21,405$16,377$12,431$6,169
24 years$33,659$25,967$19,796$14,937$11,173$5,340
25 years$31,969$24,369$18,335$13,641$10,054$4,625
26 years$30,411$22,903$17,005$12,473$9,056$4,009
27 years$28,972$21,554$15,791$11,417$8,165$3,476
28 years$27,637$20,310$14,680$10,460$7,368$3,016
29 years$26,397$19,160$13,661$9,592$6,653$2,618
30 years$25,241$18,095$12,724$8,803$6,011$2,273
31 years$24,162$17,106$11,863$8,085$5,435$1,974
32 years$23,153$16,186$11,068$7,431$4,916$1,715
33 years$22,207$15,328$10,334$6,833$4,449$1,491
34 years$21,318$14,527$9,656$6,287$4,028$1,295
35 years$20,482$13,779$9,027$5,787$3,648$1,126
36 years$19,694$13,078$8,445$5,330$3,306$979
37 years$18,951$12,421$7,904$4,911$2,996$851
38 years$18,248$11,805$7,402$4,527$2,716$740
39 years$17,583$11,225$6,935$4,174$2,463$644
40 years$16,953$10,680$6,500$3,850$2,234$560
41 years$16,355$10,166$6,095$3,552$2,027$487
42 years$15,787$9,682$5,717$3,278$1,839$424
43 years$15,247$9,225$5,365$3,026$1,669$369
44 years$14,733$8,793$5,036$2,794$1,515$321
45 years$14,243$8,385$4,729$2,580$1,375$279
46 years$13,776$7,999$4,441$2,383$1,249$243
47 years$13,330$7,634$4,172$2,202$1,134$211
48 years$12,904$7,287$3,921$2,035$1,030$184
49 years$12,497$6,959$3,685$1,880$935$160
50 years$12,107$6,648$3,465$1,738$850$139

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $12,400,000, adding $6,880 every year, while hoping to spend $31,991 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: 45/38/17 Blend
65$12,400,000$12,400,000$12,400,000$12,400,000
66$13,671,897$13,014,697$12,822,497$14,220,162
67$15,032,392$13,618,379$13,218,012$15,207,850
68$16,530,586$14,250,569$13,625,705$16,274,513
69$18,180,489$14,912,630$14,045,950$17,430,523
70$19,997,542$15,605,992$14,479,132$18,684,176
71$21,998,757$16,332,152$14,925,649$20,044,574
72$24,202,883$17,092,679$15,385,911$21,521,712
73$26,630,577$17,889,221$15,860,339$23,126,565
74$29,304,604$18,723,502$16,349,369$24,871,187
75$32,250,050$19,597,330$16,853,449$26,768,817
76$35,494,558$20,512,601$17,373,042$28,834,001
77$39,068,588$21,471,304$17,908,624$31,082,719
78$43,005,707$22,475,520$18,460,686$33,532,534
79$47,342,904$23,527,436$19,029,734$36,202,749
80$52,120,939$24,629,339$19,616,289$39,114,581
81$57,384,729$25,783,631$20,220,889$42,291,357
82$63,183,771$26,992,829$20,844,088$45,758,721
83$69,572,607$28,259,569$21,486,457$49,544,874
84$76,611,344$29,586,619$22,148,584$53,680,828
85$84,366,216$30,976,878$22,831,076$58,200,692
86$92,910,210$32,433,385$23,534,558$63,141,982
87$102,323,759$33,959,329$24,259,673$68,545,967
88$112,695,497$35,558,050$25,007,086$74,458,051
89$124,123,095$37,233,052$25,777,481$80,928,185
90$136,714,187$38,988,007$26,571,563$88,011,333
91$150,587,382$40,826,768$27,390,058$95,767,976
92$165,873,386$42,753,370$28,233,716$104,264,673
93$182,716,234$44,772,048$29,103,309$113,574,673
94$201,274,652$46,887,240$29,999,631$123,778,598
95$221,723,551$49,103,599$30,923,503$134,965,186
96$244,255,682$51,426,005$31,875,770$147,232,115
97$269,083,455$53,859,573$32,857,301$160,686,912
98$296,440,942$56,409,667$33,868,996$175,447,949
99$326,586,089$59,081,911$34,911,778$191,645,545
100$359,803,148$61,882,203$35,986,600$209,423,181