Can I retire at age 66 with 12,600,000?

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 $12,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$984,455
2 years$515,097$505,504$496,207$487,192$478,448$458,099
3 years$339,987$330,352$321,079$312,149$303,547$283,770
4 years$252,449$242,844$233,663$224,886$216,493$197,439
5 years$199,940$190,393$181,332$172,734$164,574$146,299
6 years$164,946$155,470$146,543$138,137$130,222$112,745
7 years$139,959$130,563$121,778$113,570$105,905$89,231
8 years$121,228$111,917$103,277$95,271$87,859$71,981
9 years$106,667$97,444$88,953$81,150$73,990$58,899
10 years$95,025$85,892$77,551$69,952$63,043$48,724
11 years$85,506$76,465$68,275$60,879$54,219$40,654
12 years$77,579$68,630$60,592$53,399$46,985$34,155
13 years$70,877$62,022$54,135$47,143$40,972$28,854
14 years$65,137$56,376$48,641$41,849$35,916$24,488
15 years$60,167$51,501$43,916$37,322$31,623$20,861
16 years$55,823$47,251$39,816$33,417$27,949$17,827
17 years$51,993$43,516$36,231$30,025$24,781$15,274
18 years$48,593$40,211$33,074$27,059$22,034$13,116
19 years$45,555$37,267$30,278$24,450$19,640$11,285
20 years$42,823$34,630$27,788$22,144$17,542$9,724
21 years$40,355$32,257$25,559$20,097$15,698$8,391
22 years$38,115$30,111$23,557$18,273$14,071$7,249
23 years$36,072$28,162$21,751$16,642$12,631$6,269
24 years$34,202$26,386$20,116$15,178$11,353$5,426
25 years$32,485$24,762$18,631$13,862$10,216$4,700
26 years$30,902$23,272$17,279$12,674$9,202$4,073
27 years$29,439$21,902$16,045$11,601$8,297$3,532
28 years$28,083$20,638$14,916$10,629$7,486$3,065
29 years$26,822$19,470$13,881$9,747$6,760$2,660
30 years$25,648$18,387$12,930$8,945$6,108$2,310
31 years$24,552$17,382$12,054$8,216$5,522$2,006
32 years$23,526$16,447$11,246$7,550$4,995$1,743
33 years$22,565$15,575$10,501$6,943$4,521$1,515
34 years$21,662$14,762$9,811$6,388$4,093$1,316
35 years$20,812$14,001$9,173$5,881$3,707$1,144
36 years$20,012$13,289$8,581$5,416$3,359$995
37 years$19,256$12,622$8,032$4,990$3,044$865
38 years$18,542$11,995$7,521$4,600$2,760$752
39 years$17,867$11,406$7,047$4,241$2,503$654
40 years$17,226$10,852$6,605$3,912$2,270$569
41 years$16,619$10,330$6,193$3,609$2,060$495
42 years$16,042$9,838$5,810$3,331$1,869$431
43 years$15,493$9,374$5,451$3,075$1,696$375
44 years$14,971$8,935$5,117$2,839$1,540$326
45 years$14,473$8,520$4,805$2,622$1,398$284
46 years$13,998$8,128$4,513$2,422$1,269$247
47 years$13,545$7,757$4,240$2,237$1,152$215
48 years$13,112$7,405$3,984$2,068$1,046$187
49 years$12,698$7,071$3,745$1,911$950$163
50 years$12,302$6,755$3,521$1,766$863$142

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $12,600,000, adding $4,098 every year, while hoping to spend $44,715 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: 38/41/21 Blend
65$12,600,000$12,600,000$12,600,000$12,600,000
66$13,889,427$13,221,627$13,026,327$14,329,716
67$15,258,572$13,821,910$13,415,133$15,249,033
68$16,765,872$14,450,109$13,815,465$16,237,396
69$18,425,369$15,107,543$14,227,662$17,304,647
70$20,252,542$15,795,597$14,652,073$18,457,936
71$22,264,441$16,515,721$15,089,057$19,705,106
72$24,479,857$17,269,435$15,538,983$21,054,760
73$26,919,495$18,058,330$16,002,233$22,516,335
74$29,606,172$18,884,076$16,479,195$24,100,190
75$32,565,027$19,748,422$16,970,274$25,817,690
76$35,823,765$20,653,200$17,475,883$27,681,317
77$39,412,913$21,600,331$17,996,450$29,704,771
78$43,366,110$22,591,827$18,532,411$31,903,102
79$47,720,426$23,629,799$19,084,219$34,292,837
80$52,516,708$24,716,458$19,652,339$36,892,134
81$57,799,967$25,854,119$20,237,247$39,720,942
82$63,619,806$27,045,213$20,839,437$42,801,184
83$70,030,881$28,292,283$21,459,413$46,156,952
84$77,093,425$29,597,999$22,097,697$49,814,730
85$84,873,809$30,965,156$22,754,825$53,803,631
86$93,445,173$32,396,684$23,431,347$58,155,663
87$102,888,114$33,895,656$24,127,831$62,906,022
88$113,291,449$35,465,290$24,844,861$68,093,410
89$124,753,050$37,108,962$25,583,037$73,760,397
90$137,380,769$38,830,209$26,342,976$79,953,800
91$151,293,457$40,632,739$27,125,315$86,725,124
92$166,622,084$42,520,438$27,930,708$94,131,027
93$183,510,977$44,497,380$28,759,827$102,233,845
94$202,119,181$46,567,835$29,613,366$111,102,167
95$222,621,959$48,736,281$30,492,035$120,811,467
96$245,212,449$51,007,409$31,396,568$131,444,801
97$270,103,485$53,386,138$32,327,720$143,093,574
98$297,529,607$55,877,625$33,286,265$155,858,389
99$327,749,274$58,487,276$34,273,001$169,849,976
100$361,047,303$61,220,756$35,288,750$185,190,220