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%13.8%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$981,062
2 years$511,009$501,492$492,268$483,326$474,651$458,869
3 years$337,289$327,731$318,530$309,671$301,138$285,770
4 years$250,446$240,917$231,808$223,101$214,774$199,939
5 years$198,353$188,882$179,893$171,363$163,268$149,008
6 years$163,636$154,236$145,380$137,040$129,188$115,521
7 years$138,848$129,527$120,812$112,668$105,065$91,993
8 years$120,266$111,029$102,458$94,515$87,161$74,684
9 years$105,820$96,670$88,247$80,506$73,402$61,513
10 years$94,271$85,210$76,936$69,397$62,543$51,231
11 years$84,827$75,858$67,733$60,396$53,789$43,043
12 years$76,963$68,086$60,111$52,975$46,612$36,419
13 years$70,314$61,530$53,705$46,769$40,647$30,992
14 years$64,620$55,929$48,255$41,516$35,631$26,498
15 years$59,690$51,092$43,567$37,025$31,372$22,745
16 years$55,380$46,876$39,500$33,152$27,727$19,588
17 years$51,581$43,171$35,944$29,787$24,584$16,916
18 years$48,208$39,892$32,812$26,844$21,859$14,642
19 years$45,193$36,971$30,038$24,256$19,484$12,700
20 years$42,484$34,356$27,567$21,968$17,403$11,035
21 years$40,035$32,001$25,356$19,938$15,574$9,602
22 years$37,812$29,872$23,370$18,128$13,960$8,365
23 years$35,786$27,938$21,578$16,509$12,531$7,296
24 years$33,931$26,176$19,956$15,058$11,263$6,370
25 years$32,227$24,565$18,483$13,752$10,135$5,566
26 years$30,657$23,087$17,142$12,574$9,129$4,866
27 years$29,205$21,728$15,918$11,509$8,231$4,258
28 years$27,860$20,474$14,798$10,545$7,427$3,727
29 years$26,609$19,315$13,771$9,670$6,706$3,264
30 years$25,445$18,241$12,827$8,874$6,060$2,860
31 years$24,357$17,244$11,958$8,150$5,478$2,507
32 years$23,340$16,316$11,157$7,490$4,956$2,198
33 years$22,386$15,452$10,418$6,888$4,485$1,928
34 years$21,490$14,645$9,734$6,338$4,061$1,691
35 years$20,647$13,890$9,100$5,834$3,678$1,484
36 years$19,853$13,184$8,513$5,373$3,332$1,302
37 years$19,103$12,522$7,968$4,951$3,020$1,143
38 years$18,395$11,900$7,462$4,563$2,738$1,003
39 years$17,725$11,316$6,991$4,207$2,483$881
40 years$17,089$10,766$6,552$3,881$2,252$773
41 years$16,487$10,248$6,144$3,580$2,043$679
42 years$15,914$9,760$5,763$3,304$1,854$596
43 years$15,370$9,299$5,408$3,050$1,683$524
44 years$14,852$8,864$5,077$2,816$1,527$460
45 years$14,358$8,453$4,767$2,601$1,387$404
46 years$13,887$8,064$4,477$2,403$1,259$355
47 years$13,438$7,695$4,206$2,220$1,143$312
48 years$13,008$7,346$3,953$2,051$1,038$274
49 years$12,597$7,015$3,715$1,896$943$241
50 years$12,204$6,701$3,493$1,752$856$211

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 $6,782 every year, while hoping to spend $33,360 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: 78/7/15 Blend
65$12,500,000$12,500,000$12,500,000$12,500,000
66$13,781,996$13,119,496$12,925,746$14,813,015
67$15,152,264$13,726,856$13,323,263$16,100,806
68$16,661,183$14,362,859$13,732,980$17,508,128
69$18,322,857$15,028,873$14,155,268$19,050,910
70$20,152,833$15,726,332$14,590,514$20,742,676
71$22,168,239$16,456,739$15,039,113$22,598,325
72$24,387,950$17,221,671$15,501,475$24,634,258
73$26,832,767$18,022,779$15,978,020$26,868,541
74$29,525,608$18,861,794$16,469,183$29,321,070
75$32,491,730$19,740,531$16,975,410$32,013,755
76$35,758,963$20,660,894$17,497,163$34,970,731
77$39,357,976$21,624,877$18,034,917$38,218,579
78$43,322,564$22,634,570$18,589,161$41,786,578
79$47,689,966$23,692,165$19,160,399$45,706,977
80$52,501,222$24,799,960$19,749,152$50,015,299
81$57,801,553$25,960,364$20,355,954$54,750,677
82$63,640,791$27,175,902$20,981,358$59,956,215
83$70,073,851$28,449,221$21,625,933$65,679,398
84$77,161,247$29,783,096$22,290,265$71,972,536
85$84,969,663$31,180,436$22,974,958$78,893,256
86$93,572,583$32,644,292$23,680,634$86,505,042
87$103,050,986$34,177,862$24,407,934$94,877,835
88$113,494,107$35,784,497$25,157,520$104,088,687
89$125,000,282$37,467,713$25,930,073$114,222,486
90$137,677,874$39,231,195$26,726,294$125,372,759
91$151,646,299$41,078,805$27,546,906$137,642,545
92$167,037,150$43,014,595$28,392,656$151,145,369
93$183,995,439$45,042,810$29,264,310$166,006,310
94$202,680,970$47,167,904$30,162,661$182,363,178
95$223,269,842$49,394,545$31,088,523$200,367,810
96$245,956,115$51,727,626$32,042,737$220,187,503
97$270,953,639$54,172,280$33,026,169$242,006,584
98$298,498,075$56,733,887$34,039,711$266,028,152
99$328,849,120$59,418,088$35,084,283$292,475,989
100$362,292,955$62,230,799$36,160,830$321,596,666