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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.6%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$958,355
2 years$511,009$501,492$492,268$483,326$474,651$436,409
3 years$337,289$327,731$318,530$309,671$301,138$264,271
4 years$250,446$240,917$231,808$223,101$214,774$179,562
5 years$198,353$188,882$179,893$171,363$163,268$129,801
6 years$163,636$154,236$145,380$137,040$129,188$97,489
7 years$138,848$129,527$120,812$112,668$105,065$75,123
8 years$120,266$111,029$102,458$94,515$87,161$58,948
9 years$105,820$96,670$88,247$80,506$73,402$46,877
10 years$94,271$85,210$76,936$69,397$62,543$37,655
11 years$84,827$75,858$67,733$60,396$53,789$30,483
12 years$76,963$68,086$60,111$52,975$46,612$24,827
13 years$70,314$61,530$53,705$46,769$40,647$20,318
14 years$64,620$55,929$48,255$41,516$35,631$16,692
15 years$59,690$51,092$43,567$37,025$31,372$13,757
16 years$55,380$46,876$39,500$33,152$27,727$11,366
17 years$51,581$43,171$35,944$29,787$24,584$9,410
18 years$48,208$39,892$32,812$26,844$21,859$7,804
19 years$45,193$36,971$30,038$24,256$19,484$6,481
20 years$42,484$34,356$27,567$21,968$17,403$5,388
21 years$40,035$32,001$25,356$19,938$15,574$4,484
22 years$37,812$29,872$23,370$18,128$13,960$3,735
23 years$35,786$27,938$21,578$16,509$12,531$3,112
24 years$33,931$26,176$19,956$15,058$11,263$2,595
25 years$32,227$24,565$18,483$13,752$10,135$2,165
26 years$30,657$23,087$17,142$12,574$9,129$1,807
27 years$29,205$21,728$15,918$11,509$8,231$1,508
28 years$27,860$20,474$14,798$10,545$7,427$1,260
29 years$26,609$19,315$13,771$9,670$6,706$1,052
30 years$25,445$18,241$12,827$8,874$6,060$879
31 years$24,357$17,244$11,958$8,150$5,478$734
32 years$23,340$16,316$11,157$7,490$4,956$613
33 years$22,386$15,452$10,418$6,888$4,485$513
34 years$21,490$14,645$9,734$6,338$4,061$428
35 years$20,647$13,890$9,100$5,834$3,678$358
36 years$19,853$13,184$8,513$5,373$3,332$299
37 years$19,103$12,522$7,968$4,951$3,020$250
38 years$18,395$11,900$7,462$4,563$2,738$209
39 years$17,725$11,316$6,991$4,207$2,483$175
40 years$17,089$10,766$6,552$3,881$2,252$146
41 years$16,487$10,248$6,144$3,580$2,043$122
42 years$15,914$9,760$5,763$3,304$1,854$102
43 years$15,370$9,299$5,408$3,050$1,683$85
44 years$14,852$8,864$5,077$2,816$1,527$71
45 years$14,358$8,453$4,767$2,601$1,387$60
46 years$13,887$8,064$4,477$2,403$1,259$50
47 years$13,438$7,695$4,206$2,220$1,143$42
48 years$13,008$7,346$3,953$2,051$1,038$35
49 years$12,597$7,015$3,715$1,896$943$29
50 years$12,204$6,701$3,493$1,752$856$24

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 $5,447 every year, while hoping to spend $32,546 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: 36/43/21 Blend
65$12,500,000$12,500,000$12,500,000$12,500,000
66$13,780,619$13,118,119$12,924,369$14,188,913
67$15,151,613$13,726,278$13,322,706$15,096,198
68$16,661,358$14,363,146$13,733,297$16,071,600
69$18,323,972$15,030,095$14,156,518$17,123,960
70$20,155,012$15,728,565$14,592,756$18,260,182
71$22,171,620$16,460,062$15,042,411$19,487,836
72$24,392,688$17,226,168$15,505,895$20,815,218
73$26,839,032$18,028,539$15,983,631$22,251,425
74$29,533,588$18,868,912$16,476,058$23,806,435
75$32,501,634$19,749,109$16,983,625$25,491,197
76$35,771,022$20,671,037$17,506,799$27,317,720
77$39,372,446$21,636,697$18,046,056$29,299,189
78$43,339,728$22,648,188$18,601,891$31,450,074
79$47,710,138$23,707,707$19,174,813$33,786,264
80$52,524,747$24,817,560$19,765,344$36,325,206
81$57,828,815$25,980,163$20,374,026$39,086,062
82$63,672,213$27,198,050$21,001,415$42,089,881
83$70,109,900$28,473,877$21,648,084$45,359,790
84$77,202,441$29,810,427$22,314,626$48,921,200
85$85,016,572$31,210,620$23,001,648$52,802,035
86$93,625,838$32,677,517$23,709,779$57,032,989
87$103,111,283$34,214,325$24,439,667$61,647,801
88$113,562,216$35,824,408$25,191,977$66,683,564
89$125,077,051$37,511,293$25,967,397$72,181,062
90$137,764,241$39,278,678$26,766,636$78,185,141
91$151,743,299$41,130,438$27,590,423$84,745,121
92$167,145,924$43,070,638$28,439,511$91,915,247
93$184,117,248$45,103,540$29,314,675$99,755,187
94$202,817,205$47,233,610$30,216,714$108,330,577
95$223,422,037$49,465,534$31,146,451$117,713,629
96$246,125,962$51,804,223$32,104,735$127,983,792
97$271,143,007$54,254,826$33,092,440$139,228,488
98$298,709,024$56,822,743$34,110,467$151,543,915
99$329,083,922$59,513,635$35,159,745$165,035,940
100$362,554,116$62,333,438$36,241,231$179,821,075