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%17.3%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$967,185
2 years$511,009$501,492$492,268$483,326$474,651$445,092
3 years$337,289$327,731$318,530$309,671$301,138$272,529
4 years$250,446$240,917$231,808$223,101$214,774$187,334
5 years$198,353$188,882$179,893$171,363$163,268$137,071
6 years$163,636$154,236$145,380$137,040$129,188$104,259
7 years$138,848$129,527$120,812$112,668$105,065$81,402
8 years$120,266$111,029$102,458$94,515$87,161$64,750
9 years$105,820$96,670$88,247$80,506$73,402$52,220
10 years$94,271$85,210$76,936$69,397$62,543$42,559
11 years$84,827$75,858$67,733$60,396$53,789$34,971
12 years$76,963$68,086$60,111$52,975$46,612$28,922
13 years$70,314$61,530$53,705$46,769$40,647$24,043
14 years$64,620$55,929$48,255$41,516$35,631$20,072
15 years$59,690$51,092$43,567$37,025$31,372$16,814
16 years$55,380$46,876$39,500$33,152$27,727$14,125
17 years$51,581$43,171$35,944$29,787$24,584$11,894
18 years$48,208$39,892$32,812$26,844$21,859$10,034
19 years$45,193$36,971$30,038$24,256$19,484$8,479
20 years$42,484$34,356$27,567$21,968$17,403$7,175
21 years$40,035$32,001$25,356$19,938$15,574$6,078
22 years$37,812$29,872$23,370$18,128$13,960$5,154
23 years$35,786$27,938$21,578$16,509$12,531$4,374
24 years$33,931$26,176$19,956$15,058$11,263$3,715
25 years$32,227$24,565$18,483$13,752$10,135$3,157
26 years$30,657$23,087$17,142$12,574$9,129$2,684
27 years$29,205$21,728$15,918$11,509$8,231$2,282
28 years$27,860$20,474$14,798$10,545$7,427$1,942
29 years$26,609$19,315$13,771$9,670$6,706$1,653
30 years$25,445$18,241$12,827$8,874$6,060$1,407
31 years$24,357$17,244$11,958$8,150$5,478$1,198
32 years$23,340$16,316$11,157$7,490$4,956$1,020
33 years$22,386$15,452$10,418$6,888$4,485$869
34 years$21,490$14,645$9,734$6,338$4,061$740
35 years$20,647$13,890$9,100$5,834$3,678$631
36 years$19,853$13,184$8,513$5,373$3,332$537
37 years$19,103$12,522$7,968$4,951$3,020$458
38 years$18,395$11,900$7,462$4,563$2,738$390
39 years$17,725$11,316$6,991$4,207$2,483$333
40 years$17,089$10,766$6,552$3,881$2,252$283
41 years$16,487$10,248$6,144$3,580$2,043$242
42 years$15,914$9,760$5,763$3,304$1,854$206
43 years$15,370$9,299$5,408$3,050$1,683$175
44 years$14,852$8,864$5,077$2,816$1,527$150
45 years$14,358$8,453$4,767$2,601$1,387$127
46 years$13,887$8,064$4,477$2,403$1,259$109
47 years$13,438$7,695$4,206$2,220$1,143$93
48 years$13,008$7,346$3,953$2,051$1,038$79
49 years$12,597$7,015$3,715$1,896$943$67
50 years$12,204$6,701$3,493$1,752$856$57

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 $3,026 every year, while hoping to spend $39,053 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: 82/11/7 Blend
65$12,500,000$12,500,000$12,500,000$12,500,000
66$13,778,121$13,115,621$12,921,871$14,898,421
67$15,141,938$13,716,735$13,313,202$16,232,575
68$16,643,554$14,345,994$13,716,333$17,691,390
69$18,296,986$15,004,736$14,131,619$19,291,676
70$20,117,674$15,694,365$14,559,425$21,047,577
71$22,122,637$16,416,348$15,000,125$22,974,664
72$24,330,624$17,172,227$15,454,107$25,090,089
73$26,762,297$17,963,616$15,921,769$27,412,738
74$29,440,424$18,792,206$16,403,522$29,963,408
75$32,390,094$19,659,771$16,899,786$32,765,007
76$35,638,953$20,568,169$17,410,998$35,842,763
77$39,217,465$21,519,348$17,937,606$39,224,461
78$43,159,201$22,515,350$18,480,070$42,940,707
79$47,501,152$23,558,315$19,038,865$47,025,211
80$52,284,084$24,650,487$19,614,481$51,515,101
81$57,552,915$25,794,215$20,207,421$56,451,278
82$63,357,147$26,991,967$20,818,204$61,878,794
83$69,751,327$28,246,323$21,447,364$67,847,278
84$76,795,562$29,559,994$22,095,452$74,411,398
85$84,556,093$30,935,816$22,763,032$81,631,378
86$93,105,909$32,376,767$23,450,689$89,573,564
87$102,525,448$33,885,964$24,159,023$98,311,042
88$112,903,346$35,466,678$24,888,652$107,924,332
89$124,337,279$37,122,337$25,640,214$118,502,138
90$136,934,883$38,856,534$26,414,363$130,142,189
91$150,814,772$40,673,035$27,211,775$142,952,151
92$166,107,655$42,575,789$28,033,145$157,050,644
93$182,957,569$44,568,937$28,879,189$172,568,356
94$201,523,243$46,656,817$29,750,644$189,649,276
95$221,979,592$48,843,979$30,648,269$208,452,043
96$244,519,370$51,135,192$31,572,845$229,151,444
97$269,354,987$53,535,458$32,525,177$251,940,058
98$296,720,518$56,050,018$33,506,093$277,030,069
99$326,873,910$58,684,369$34,516,446$304,655,265
100$360,099,417$61,444,271$35,557,115$335,073,237