Can I retire at age 66 with 12,800,000?

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 $12,800,000?

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$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$981,356
2 years$523,273$513,528$504,083$494,925$486,043$446,883
3 years$345,384$335,596$326,175$317,104$308,366$270,613
4 years$256,456$246,699$237,372$228,455$219,929$183,871
5 years$203,114$193,415$184,210$175,476$167,186$132,916
6 years$167,564$157,938$148,869$140,329$132,289$99,829
7 years$142,181$132,636$123,711$115,372$107,586$76,926
8 years$123,152$113,693$104,917$96,783$89,253$60,363
9 years$108,360$98,991$90,365$82,438$75,164$48,002
10 years$96,533$87,255$78,782$71,062$64,044$38,558
11 years$86,863$77,678$69,359$61,845$55,080$31,214
12 years$78,810$69,720$61,554$54,247$47,731$25,423
13 years$72,002$63,006$54,994$47,892$41,622$20,806
14 years$66,171$57,271$49,413$42,513$36,486$17,093
15 years$61,122$52,318$44,613$37,914$32,125$14,087
16 years$56,709$48,001$40,448$33,948$28,392$11,639
17 years$52,819$44,207$36,806$30,502$25,174$9,636
18 years$49,365$40,849$33,599$27,488$22,384$7,991
19 years$46,278$37,859$30,759$24,838$19,951$6,636
20 years$43,503$35,180$28,229$22,496$17,821$5,517
21 years$40,996$32,769$25,965$20,416$15,948$4,592
22 years$38,720$30,589$23,931$18,563$14,295$3,824
23 years$36,645$28,609$22,096$16,906$12,832$3,187
24 years$34,745$26,805$20,435$15,419$11,534$2,658
25 years$33,000$25,155$18,927$14,082$10,378$2,217
26 years$31,392$23,642$17,554$12,875$9,349$1,850
27 years$29,906$22,249$16,300$11,785$8,428$1,545
28 years$28,528$20,966$15,153$10,798$7,605$1,290
29 years$27,248$19,779$14,101$9,902$6,867$1,077
30 years$26,055$18,679$13,135$9,087$6,205$900
31 years$24,942$17,658$12,245$8,346$5,610$752
32 years$23,900$16,708$11,425$7,670$5,075$628
33 years$22,923$15,822$10,668$7,053$4,592$525
34 years$22,006$14,996$9,967$6,490$4,158$439
35 years$21,143$14,224$9,319$5,974$3,766$367
36 years$20,329$13,500$8,717$5,502$3,412$307
37 years$19,562$12,822$8,159$5,069$3,093$256
38 years$18,837$12,186$7,641$4,673$2,804$214
39 years$18,150$11,587$7,159$4,308$2,543$179
40 years$17,500$11,024$6,710$3,974$2,306$150
41 years$16,882$10,494$6,292$3,666$2,092$125
42 years$16,296$9,994$5,902$3,384$1,898$105
43 years$15,739$9,523$5,538$3,123$1,723$87
44 years$15,208$9,077$5,198$2,884$1,564$73
45 years$14,703$8,656$4,881$2,663$1,420$61
46 years$14,220$8,257$4,584$2,460$1,289$51
47 years$13,760$7,880$4,307$2,273$1,171$43
48 years$13,320$7,522$4,047$2,100$1,063$36
49 years$12,900$7,184$3,804$1,941$965$30
50 years$12,497$6,862$3,577$1,794$877$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $12,800,000, adding $5,448 every year, while hoping to spend $43,318 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: 63/16/21 Blend
65$12,800,000$12,800,000$12,800,000$12,800,000
66$14,111,220$13,432,820$13,234,420$14,923,307
67$15,504,474$14,044,938$13,631,683$16,083,638
68$17,038,388$14,685,598$14,040,802$17,345,010
69$18,727,265$15,356,153$14,462,130$18,721,637
70$20,586,862$16,058,020$14,896,027$20,224,775
71$22,634,544$16,792,685$15,342,866$21,866,811
72$24,889,446$17,561,706$15,803,031$23,661,374
73$27,372,653$18,366,713$16,276,916$25,623,461
74$30,107,398$19,209,417$16,764,927$27,769,579
75$33,119,284$20,091,609$17,267,483$30,117,892
76$36,436,521$21,015,168$17,785,014$32,688,397
77$40,090,197$21,982,062$18,317,963$35,503,102
78$44,114,568$22,994,354$18,866,786$38,586,236
79$48,547,383$24,054,207$19,431,952$41,964,470
80$53,430,239$25,163,885$20,013,945$45,667,169
81$58,808,973$26,325,765$20,613,262$49,726,664
82$64,734,097$27,542,337$21,230,415$54,178,551
83$71,261,272$28,816,208$21,865,931$59,062,026
84$78,451,834$30,150,114$22,520,352$64,420,249
85$86,373,373$31,546,922$23,194,236$70,300,748
86$95,100,372$33,009,636$23,888,158$76,755,863
87$104,714,908$34,541,406$24,602,709$83,843,232
88$115,307,427$36,145,533$25,338,498$91,626,337
89$126,977,598$37,825,478$26,096,151$100,175,090
90$139,835,254$39,584,868$26,876,313$109,566,492
91$154,001,428$41,427,505$27,679,648$119,885,354
92$169,609,496$43,357,375$28,506,839$131,225,092
93$186,806,435$45,378,656$29,358,588$143,688,599
94$205,754,209$47,495,728$30,235,618$157,389,214
95$226,631,302$49,713,182$31,138,675$172,451,783
96$249,634,399$52,035,832$32,068,525$189,013,830
97$274,980,243$54,468,723$33,025,956$207,226,850
98$302,907,682$57,017,145$34,011,779$227,257,731
99$333,679,922$59,686,642$35,026,830$249,290,317
100$367,587,014$62,483,027$36,071,969$273,527,141