Can I retire at age 66 with 12,500,000?

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 $12,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$970,310
2 years$511,009$501,492$492,268$483,326$474,651$448,180
3 years$337,289$327,731$318,530$309,671$301,138$275,482
4 years$250,446$240,917$231,808$223,101$214,774$190,130
5 years$198,353$188,882$179,893$171,363$163,268$139,704
6 years$163,636$154,236$145,380$137,040$129,188$106,728
7 years$138,848$129,527$120,812$112,668$105,065$83,708
8 years$120,266$111,029$102,458$94,515$87,161$66,899
9 years$105,820$96,670$88,247$80,506$73,402$54,215
10 years$94,271$85,210$76,936$69,397$62,543$44,407
11 years$84,827$75,858$67,733$60,396$53,789$36,677
12 years$76,963$68,086$60,111$52,975$46,612$30,493
13 years$70,314$61,530$53,705$46,769$40,647$25,487
14 years$64,620$55,929$48,255$41,516$35,631$21,395
15 years$59,690$51,092$43,567$37,025$31,372$18,023
16 years$55,380$46,876$39,500$33,152$27,727$15,228
17 years$51,581$43,171$35,944$29,787$24,584$12,897
18 years$48,208$39,892$32,812$26,844$21,859$10,946
19 years$45,193$36,971$30,038$24,256$19,484$9,305
20 years$42,484$34,356$27,567$21,968$17,403$7,922
21 years$40,035$32,001$25,356$19,938$15,574$6,753
22 years$37,812$29,872$23,370$18,128$13,960$5,762
23 years$35,786$27,938$21,578$16,509$12,531$4,921
24 years$33,931$26,176$19,956$15,058$11,263$4,206
25 years$32,227$24,565$18,483$13,752$10,135$3,597
26 years$30,657$23,087$17,142$12,574$9,129$3,077
27 years$29,205$21,728$15,918$11,509$8,231$2,634
28 years$27,860$20,474$14,798$10,545$7,427$2,256
29 years$26,609$19,315$13,771$9,670$6,706$1,933
30 years$25,445$18,241$12,827$8,874$6,060$1,656
31 years$24,357$17,244$11,958$8,150$5,478$1,419
32 years$23,340$16,316$11,157$7,490$4,956$1,217
33 years$22,386$15,452$10,418$6,888$4,485$1,043
34 years$21,490$14,645$9,734$6,338$4,061$895
35 years$20,647$13,890$9,100$5,834$3,678$767
36 years$19,853$13,184$8,513$5,373$3,332$658
37 years$19,103$12,522$7,968$4,951$3,020$565
38 years$18,395$11,900$7,462$4,563$2,738$485
39 years$17,725$11,316$6,991$4,207$2,483$416
40 years$17,089$10,766$6,552$3,881$2,252$357
41 years$16,487$10,248$6,144$3,580$2,043$306
42 years$15,914$9,760$5,763$3,304$1,854$263
43 years$15,370$9,299$5,408$3,050$1,683$225
44 years$14,852$8,864$5,077$2,816$1,527$193
45 years$14,358$8,453$4,767$2,601$1,387$166
46 years$13,887$8,064$4,477$2,403$1,259$142
47 years$13,438$7,695$4,206$2,220$1,143$122
48 years$13,008$7,346$3,953$2,051$1,038$105
49 years$12,597$7,015$3,715$1,896$943$90
50 years$12,204$6,701$3,493$1,752$856$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $12,500,000, adding $6,348 every year, while hoping to spend $45,203 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: 49/39/12 Blend
65$12,500,000$12,500,000$12,500,000$12,500,000
66$13,781,548$13,119,048$12,925,298$14,411,411
67$15,139,170$13,713,786$13,310,200$15,439,543
68$16,633,755$14,336,151$13,706,481$16,550,462
69$18,279,225$14,987,448$14,114,475$17,756,149
70$20,090,920$15,669,048$14,534,524$19,065,490
71$22,085,746$16,382,383$14,966,983$20,488,244
72$24,282,329$17,128,957$15,412,213$22,035,128
73$26,701,194$17,910,344$15,870,590$23,717,917
74$29,364,958$18,728,193$16,342,498$25,549,547
75$32,298,545$19,584,235$16,828,332$27,544,231
76$35,529,415$20,480,281$17,328,500$29,717,590
77$39,087,831$21,418,231$17,843,420$32,086,796
78$43,007,140$22,400,075$18,373,525$34,670,720
79$47,324,088$23,427,897$18,919,257$37,490,116
80$52,079,166$24,503,885$19,481,073$40,567,797
81$57,316,994$25,630,329$20,059,443$43,928,855
82$63,086,742$26,809,630$20,654,849$47,600,881
83$69,442,593$28,044,305$21,267,789$51,614,223
84$76,444,251$29,336,990$21,898,774$56,002,266
85$84,157,512$30,690,449$22,548,330$60,801,732
86$92,654,878$32,107,581$23,216,999$66,053,024
87$102,016,244$33,591,421$23,905,337$71,800,596
88$112,329,652$35,145,152$24,613,917$78,093,361
89$123,692,122$36,772,110$25,343,329$84,985,147
90$136,210,567$38,475,792$26,094,179$92,535,189
91$150,002,801$40,259,862$26,867,090$100,808,683
92$165,198,654$42,128,163$27,662,705$109,877,386
93$181,941,195$44,084,720$28,481,683$119,820,280
94$200,388,081$46,133,756$29,324,704$130,724,310
95$220,713,050$48,279,694$30,192,466$142,685,187
96$243,107,554$50,527,173$31,085,688$155,808,280
97$267,782,575$52,881,054$32,005,108$170,209,592
98$294,970,606$55,346,434$32,951,487$186,016,848
99$324,927,853$57,928,656$33,925,608$203,370,675
100$357,936,653$60,633,318$34,928,274$222,425,921