Can I retire at age 66 with 12,900,000?

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 $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$1,007,483
2 years$527,361$517,540$508,021$498,792$489,840$468,597
3 years$348,082$338,218$328,723$319,581$310,775$290,132
4 years$258,460$248,626$239,226$230,240$221,647$201,764
5 years$204,701$194,926$185,649$176,846$168,493$149,425
6 years$168,873$159,172$150,032$141,425$133,322$115,092
7 years$143,292$133,672$124,678$116,274$108,427$91,037
8 years$124,114$114,582$105,736$97,539$89,951$73,395
9 years$109,207$99,764$91,071$83,082$75,751$60,020
10 years$97,287$87,937$79,398$71,617$64,544$49,621
11 years$87,542$78,285$69,900$62,328$55,510$41,376
12 years$79,426$70,265$62,035$54,670$48,104$34,739
13 years$72,564$63,499$55,424$48,266$41,947$29,328
14 years$66,688$57,718$49,799$42,845$36,771$24,873
15 years$61,600$52,727$44,962$38,210$32,376$21,174
16 years$57,152$48,376$40,764$34,213$28,614$18,082
17 years$53,231$44,552$37,094$30,740$25,371$15,482
18 years$49,750$41,168$33,862$27,703$22,559$13,285
19 years$46,639$38,154$30,999$25,032$20,107$11,421
20 years$43,843$35,455$28,449$22,671$17,960$9,835
21 years$41,316$33,025$26,168$20,576$16,072$8,480
22 years$39,022$30,828$24,118$18,708$14,407$7,320
23 years$36,931$28,832$22,268$17,038$12,932$6,325
24 years$35,017$27,014$20,595$15,539$11,624$5,470
25 years$33,258$25,351$19,075$14,192$10,460$4,735
26 years$31,638$23,826$17,691$12,976$9,422$4,100
27 years$30,140$22,423$16,427$11,877$8,494$3,553
28 years$28,751$21,129$15,271$10,882$7,665$3,080
29 years$27,461$19,933$14,211$9,979$6,921$2,671
30 years$26,259$18,825$13,237$9,158$6,254$2,317
31 years$25,136$17,796$12,341$8,411$5,654$2,011
32 years$24,086$16,838$11,514$7,730$5,114$1,746
33 years$23,102$15,946$10,751$7,108$4,628$1,516
34 years$22,178$15,113$10,045$6,540$4,190$1,316
35 years$21,308$14,335$9,391$6,021$3,795$1,143
36 years$20,488$13,606$8,785$5,545$3,439$993
37 years$19,715$12,922$8,223$5,109$3,117$863
38 years$18,984$12,281$7,700$4,709$2,826$750
39 years$18,292$11,678$7,214$4,342$2,562$652
40 years$17,636$11,111$6,762$4,005$2,324$566
41 years$17,014$10,576$6,341$3,695$2,109$492
42 years$16,424$10,072$5,948$3,410$1,913$428
43 years$15,862$9,597$5,581$3,148$1,736$372
44 years$15,327$9,148$5,239$2,907$1,576$323
45 years$14,817$8,723$4,919$2,684$1,431$281
46 years$14,332$8,322$4,620$2,479$1,299$244
47 years$13,868$7,941$4,341$2,291$1,180$212
48 years$13,424$7,581$4,079$2,117$1,071$185
49 years$13,001$7,240$3,834$1,956$973$161
50 years$12,595$6,916$3,605$1,808$884$140

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $12,900,000, adding $5,831 every year, while hoping to spend $45,715 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: 49/42/9 Blend
65$12,900,000$12,900,000$12,900,000$12,900,000
66$14,221,815$13,538,115$13,338,165$14,884,325
67$15,623,799$14,152,842$13,736,353$15,953,264
68$17,167,254$14,796,159$14,146,348$17,108,380
69$18,866,561$15,469,417$14,568,498$18,361,978
70$20,737,567$16,174,036$15,003,159$19,723,275
71$22,797,734$16,911,498$15,450,700$21,202,387
72$25,066,304$17,683,363$15,911,499$22,810,426
73$27,564,478$18,491,259$16,385,946$24,559,595
74$30,315,621$19,336,896$16,874,441$26,463,301
75$33,345,477$20,222,067$17,377,397$28,536,274
76$36,682,414$21,148,646$17,895,239$30,794,697
77$40,357,693$22,118,603$18,428,402$33,256,359
78$44,405,762$23,133,999$18,977,337$35,940,811
79$48,864,578$24,196,993$19,542,507$38,869,545
80$53,775,971$25,309,852$20,124,387$42,066,189
81$59,186,033$26,474,947$20,723,466$45,556,724
82$65,145,555$27,694,767$21,340,250$49,369,719
83$71,710,510$28,971,918$21,975,256$53,536,595
84$78,942,573$30,309,133$22,629,018$58,091,910
85$86,909,711$31,709,276$23,302,085$63,073,676
86$95,686,819$33,175,348$23,995,023$68,523,712
87$105,356,430$34,710,496$24,708,412$74,488,023
88$116,009,492$36,318,017$25,442,850$81,017,228
89$127,746,228$38,001,367$26,198,953$88,167,027
90$140,677,080$39,764,171$26,977,355$95,998,710
91$154,923,752$41,610,225$27,778,706$104,579,730
92$170,620,359$43,543,510$28,603,677$113,984,323
93$187,914,693$45,568,200$29,452,958$124,294,196
94$206,969,618$47,688,668$30,327,258$135,599,285
95$227,964,605$49,909,498$31,227,307$147,998,590
96$251,097,429$52,235,499$32,153,856$161,601,094
97$276,586,035$54,671,706$33,107,679$176,526,773
98$304,670,594$57,223,404$34,089,570$192,907,716
99$335,615,771$59,896,127$35,100,347$210,889,353
100$369,713,222$62,695,679$36,140,851$230,631,808