Can I retire at age 66 with 12,700,000?

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 $12,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$974,460
2 years$519,185$509,516$500,145$491,059$482,246$444,148
3 years$342,685$332,974$323,627$314,626$305,956$269,215
4 years$254,453$244,771$235,517$226,670$218,211$183,106
5 years$201,527$191,904$182,771$174,105$165,880$132,502
6 years$166,255$156,704$147,706$139,233$131,255$99,628
7 years$141,070$131,600$122,745$114,471$106,746$76,859
8 years$122,190$112,805$104,097$96,027$88,556$60,382
9 years$107,513$98,217$89,659$81,794$74,577$48,076
10 years$95,779$86,574$78,167$70,507$63,543$38,667
11 years$86,184$77,071$68,817$61,362$54,649$31,343
12 years$78,195$69,175$61,073$53,823$47,358$25,562
13 years$71,439$62,514$54,565$47,517$41,297$20,948
14 years$65,654$56,824$49,027$42,181$36,201$17,234
15 years$60,645$51,909$44,264$37,618$31,874$14,223
16 years$56,266$47,626$40,132$33,683$28,170$11,769
17 years$52,406$43,862$36,519$30,264$24,978$9,758
18 years$48,979$40,530$33,337$27,274$22,209$8,104
19 years$45,916$37,563$30,518$24,644$19,795$6,741
20 years$43,163$34,905$28,008$22,320$17,682$5,613
21 years$40,676$32,513$25,762$20,257$15,823$4,678
22 years$38,417$30,350$23,744$18,418$14,183$3,903
23 years$36,358$28,385$21,923$16,774$12,732$3,258
24 years$34,474$26,595$20,275$15,299$11,443$2,721
25 years$32,743$24,958$18,779$13,972$10,297$2,273
26 years$31,147$23,457$17,417$12,775$9,276$1,900
27 years$29,672$22,076$16,173$11,693$8,363$1,589
28 years$28,306$20,802$15,035$10,713$7,546$1,329
29 years$27,035$19,624$13,991$9,824$6,814$1,112
30 years$25,852$18,533$13,032$9,016$6,157$930
31 years$24,747$17,520$12,150$8,281$5,566$778
32 years$23,713$16,577$11,336$7,610$5,035$652
33 years$22,744$15,699$10,584$6,998$4,557$545
34 years$21,834$14,879$9,889$6,439$4,126$457
35 years$20,977$14,112$9,246$5,927$3,737$382
36 years$20,171$13,395$8,649$5,459$3,386$320
37 years$19,409$12,722$8,095$5,030$3,068$268
38 years$18,689$12,090$7,581$4,636$2,782$224
39 years$18,008$11,497$7,103$4,275$2,523$188
40 years$17,363$10,938$6,657$3,943$2,288$157
41 years$16,751$10,412$6,242$3,638$2,076$132
42 years$16,169$9,916$5,856$3,357$1,884$110
43 years$15,616$9,448$5,495$3,099$1,710$92
44 years$15,089$9,006$5,158$2,861$1,552$77
45 years$14,588$8,588$4,843$2,643$1,409$65
46 years$14,109$8,193$4,549$2,441$1,279$54
47 years$13,653$7,818$4,273$2,255$1,161$45
48 years$13,216$7,464$4,016$2,084$1,055$38
49 years$12,799$7,127$3,775$1,926$958$32
50 years$12,400$6,808$3,549$1,780$870$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $12,700,000, adding $3,828 every year, while hoping to spend $48,724 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: 72/8/20 Blend
65$12,700,000$12,700,000$12,700,000$12,700,000
66$13,999,349$13,326,249$13,129,399$14,939,497
67$15,375,440$13,927,393$13,517,391$16,166,679
68$16,890,260$14,556,360$13,916,749$17,504,065
69$18,557,907$15,214,462$14,327,801$18,967,577
70$20,393,917$15,903,074$14,750,885$20,569,726
71$22,415,407$16,623,635$15,186,351$22,324,288
72$24,641,241$17,377,656$15,634,555$24,246,430
73$27,092,202$18,166,716$16,095,868$26,352,853
74$29,791,195$18,992,473$16,570,668$28,661,946
75$32,763,456$19,856,663$17,059,344$31,193,959
76$36,036,795$20,761,106$17,562,299$33,971,195
77$39,641,855$21,707,708$18,079,943$37,018,211
78$43,612,405$22,698,466$18,612,702$40,362,057
79$47,985,654$23,735,475$19,161,011$44,032,522
80$52,802,605$24,820,927$19,725,319$48,062,417
81$58,108,441$25,957,123$20,306,088$52,487,879
82$63,952,952$27,146,471$20,903,791$57,348,715
83$70,391,002$28,391,498$21,518,917$62,688,769
84$77,483,051$29,694,848$22,151,968$68,556,339
85$85,295,723$31,059,296$22,803,459$75,004,625
86$93,902,433$32,487,747$23,473,921$82,092,233
87$103,384,083$33,983,249$24,163,900$89,883,722
88$113,829,826$35,548,994$24,873,956$98,450,214
89$125,337,901$37,188,329$25,604,668$107,870,056
90$138,016,570$38,904,760$26,356,627$118,229,563
91$151,985,131$40,701,964$27,130,444$129,623,827
92$167,375,047$42,583,792$27,926,747$142,157,610
93$184,331,188$44,554,285$28,746,180$155,946,330
94$203,013,199$46,617,674$29,589,406$171,117,146
95$223,597,002$48,778,397$30,457,108$187,810,157
96$246,276,461$51,041,103$31,349,986$206,179,719
97$271,265,210$53,410,668$32,268,761$226,395,894
98$298,798,672$55,892,201$33,214,174$248,646,059
99$329,136,275$58,491,057$34,186,988$273,136,663
100$362,563,909$61,212,853$35,187,985$300,095,174