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%12.9%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$976,842
2 years$506,921$497,480$488,330$479,459$470,854$458,827
3 years$334,590$325,109$315,982$307,194$298,729$286,999
4 years$248,442$238,989$229,954$221,316$213,056$201,714
5 years$196,766$187,371$178,454$169,992$161,962$151,041
6 years$162,327$153,002$144,217$135,944$128,155$117,668
7 years$137,738$128,491$119,845$111,767$104,224$94,175
8 years$119,304$110,140$101,638$93,759$86,464$76,852
9 years$104,974$95,897$87,541$79,861$72,815$63,636
10 years$93,517$84,529$76,320$68,841$62,042$53,290
11 years$84,149$75,251$67,191$59,913$53,358$45,026
12 years$76,348$67,541$59,630$52,551$46,239$38,317
13 years$69,752$61,037$53,276$46,395$40,322$32,799
14 years$64,103$55,481$47,869$41,184$35,346$28,212
15 years$59,212$50,683$43,219$36,729$31,121$24,366
16 years$54,937$46,501$39,184$32,887$27,505$21,115
17 years$51,168$42,826$35,656$29,549$24,388$18,351
18 years$47,822$39,573$32,549$26,629$21,684$15,988
19 years$44,832$36,676$29,797$24,062$19,328$13,959
20 years$42,144$34,081$27,347$21,793$17,264$12,210
21 years$39,715$31,745$25,154$19,778$15,449$10,696
22 years$37,510$29,633$23,183$17,983$13,848$9,383
23 years$35,499$27,715$21,405$16,377$12,431$8,241
24 years$33,659$25,967$19,796$14,937$11,173$7,245
25 years$31,969$24,369$18,335$13,641$10,054$6,375
26 years$30,411$22,903$17,005$12,473$9,056$5,614
27 years$28,972$21,554$15,791$11,417$8,165$4,948
28 years$27,637$20,310$14,680$10,460$7,368$4,363
29 years$26,397$19,160$13,661$9,592$6,653$3,849
30 years$25,241$18,095$12,724$8,803$6,011$3,397
31 years$24,162$17,106$11,863$8,085$5,435$3,000
32 years$23,153$16,186$11,068$7,431$4,916$2,650
33 years$22,207$15,328$10,334$6,833$4,449$2,342
34 years$21,318$14,527$9,656$6,287$4,028$2,070
35 years$20,482$13,779$9,027$5,787$3,648$1,830
36 years$19,694$13,078$8,445$5,330$3,306$1,618
37 years$18,951$12,421$7,904$4,911$2,996$1,431
38 years$18,248$11,805$7,402$4,527$2,716$1,266
39 years$17,583$11,225$6,935$4,174$2,463$1,120
40 years$16,953$10,680$6,500$3,850$2,234$991
41 years$16,355$10,166$6,095$3,552$2,027$877
42 years$15,787$9,682$5,717$3,278$1,839$776
43 years$15,247$9,225$5,365$3,026$1,669$687
44 years$14,733$8,793$5,036$2,794$1,515$608
45 years$14,243$8,385$4,729$2,580$1,375$538
46 years$13,776$7,999$4,441$2,383$1,249$477
47 years$13,330$7,634$4,172$2,202$1,134$422
48 years$12,904$7,287$3,921$2,035$1,030$374
49 years$12,497$6,959$3,685$1,880$935$331
50 years$12,107$6,648$3,465$1,738$850$293

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 $3,281 every year, while hoping to spend $23,166 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: 54/28/18 Blend
65$12,400,000$12,400,000$12,400,000$12,400,000
66$13,668,184$13,010,984$12,818,784$14,339,675
67$15,037,691$13,623,874$13,223,565$15,412,058
68$16,546,110$14,266,019$13,641,130$16,576,036
69$18,207,588$14,938,828$14,071,882$17,842,559
70$20,037,710$15,643,779$14,516,238$19,221,411
71$22,053,652$16,382,420$14,974,628$20,723,350
72$24,274,342$17,156,376$15,447,495$22,360,197
73$26,720,635$17,967,349$15,935,296$24,144,950
74$29,415,515$18,817,124$16,438,504$26,091,897
75$32,384,308$19,707,573$16,957,604$28,216,749
76$35,654,923$20,640,660$17,493,100$30,536,786
77$39,258,114$21,618,441$18,045,507$33,071,008
78$43,227,772$22,643,075$18,615,362$35,840,316
79$47,601,243$23,716,824$19,203,215$38,867,703
80$52,419,681$24,842,060$19,809,634$42,178,460
81$57,728,438$26,021,270$20,435,207$45,800,415
82$63,577,490$27,257,064$21,080,537$49,764,187
83$70,021,908$28,552,174$21,746,250$54,103,466
84$77,122,382$29,909,470$22,432,988$58,855,331
85$84,945,789$31,331,958$23,141,418$64,060,584
86$93,565,827$32,822,791$23,872,222$69,764,137
87$103,063,709$34,385,276$24,626,109$76,015,420
88$113,528,931$36,022,878$25,403,807$82,868,844
89$125,060,116$37,739,233$26,206,069$90,384,306
90$137,765,947$39,538,154$27,033,671$98,627,744
91$151,766,187$41,423,638$27,887,413$107,671,751
92$167,192,818$43,399,875$28,768,121$117,596,252
93$184,191,279$45,471,263$29,676,646$128,489,243
94$202,921,843$47,642,409$30,613,869$140,447,618
95$223,561,132$49,918,148$31,580,694$153,578,069
96$246,303,778$52,303,548$32,578,058$167,998,081
97$271,364,266$54,803,924$33,606,925$183,837,029
98$298,978,954$57,424,849$34,668,290$201,237,389
99$329,408,310$60,172,169$35,763,180$220,356,067
100$362,939,365$63,052,014$36,892,655$241,365,868