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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.1%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$1,011,207
2 years$527,361$517,540$508,021$498,792$489,840$472,306
3 years$348,082$338,218$328,723$319,581$310,775$293,709
4 years$258,460$248,626$239,226$230,240$221,647$205,183
5 years$204,701$194,926$185,649$176,846$168,493$152,676
6 years$168,873$159,172$150,032$141,425$133,322$118,172
7 years$143,292$133,672$124,678$116,274$108,427$93,946
8 years$124,114$114,582$105,736$97,539$89,951$76,138
9 years$109,207$99,764$91,071$83,082$75,751$62,598
10 years$97,287$87,937$79,398$71,617$64,544$52,039
11 years$87,542$78,285$69,900$62,328$55,510$43,640
12 years$79,426$70,265$62,035$54,670$48,104$36,853
13 years$72,564$63,499$55,424$48,266$41,947$31,299
14 years$66,688$57,718$49,799$42,845$36,771$26,707
15 years$61,600$52,727$44,962$38,210$32,376$22,877
16 years$57,152$48,376$40,764$34,213$28,614$19,660
17 years$53,231$44,552$37,094$30,740$25,371$16,942
18 years$49,750$41,168$33,862$27,703$22,559$14,634
19 years$46,639$38,154$30,999$25,032$20,107$12,665
20 years$43,843$35,455$28,449$22,671$17,960$10,979
21 years$41,316$33,025$26,168$20,576$16,072$9,532
22 years$39,022$30,828$24,118$18,708$14,407$8,285
23 years$36,931$28,832$22,268$17,038$12,932$7,210
24 years$35,017$27,014$20,595$15,539$11,624$6,279
25 years$33,258$25,351$19,075$14,192$10,460$5,474
26 years$31,638$23,826$17,691$12,976$9,422$4,775
27 years$30,140$22,423$16,427$11,877$8,494$4,167
28 years$28,751$21,129$15,271$10,882$7,665$3,639
29 years$27,461$19,933$14,211$9,979$6,921$3,179
30 years$26,259$18,825$13,237$9,158$6,254$2,779
31 years$25,136$17,796$12,341$8,411$5,654$2,430
32 years$24,086$16,838$11,514$7,730$5,114$2,125
33 years$23,102$15,946$10,751$7,108$4,628$1,859
34 years$22,178$15,113$10,045$6,540$4,190$1,627
35 years$21,308$14,335$9,391$6,021$3,795$1,424
36 years$20,488$13,606$8,785$5,545$3,439$1,246
37 years$19,715$12,922$8,223$5,109$3,117$1,091
38 years$18,984$12,281$7,700$4,709$2,826$955
39 years$18,292$11,678$7,214$4,342$2,562$836
40 years$17,636$11,111$6,762$4,005$2,324$733
41 years$17,014$10,576$6,341$3,695$2,109$642
42 years$16,424$10,072$5,948$3,410$1,913$562
43 years$15,862$9,597$5,581$3,148$1,736$492
44 years$15,327$9,148$5,239$2,907$1,576$431
45 years$14,817$8,723$4,919$2,684$1,431$378
46 years$14,332$8,322$4,620$2,479$1,299$331
47 years$13,868$7,941$4,341$2,291$1,180$290
48 years$13,424$7,581$4,079$2,117$1,071$254
49 years$13,001$7,240$3,834$1,956$973$223
50 years$12,595$6,916$3,605$1,808$884$195

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 $3,720 every year, while hoping to spend $48,589 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: 65/22/13 Blend
65$12,900,000$12,900,000$12,900,000$12,900,000
66$14,219,637$13,535,937$13,335,987$15,100,794
67$15,618,342$14,147,500$13,731,044$16,301,423
68$17,158,086$14,787,400$14,137,708$17,606,788
69$18,853,204$15,456,976$14,556,314$19,031,904
70$20,719,492$16,157,629$14,987,211$20,588,457
71$22,774,353$16,890,826$15,430,756$22,289,299
72$25,036,967$17,658,106$15,887,317$24,148,574
73$27,528,466$18,461,082$16,357,270$26,181,841
74$30,272,136$19,301,441$16,841,005$28,406,222
75$33,293,637$20,180,955$17,338,922$30,840,559
76$36,621,244$21,101,478$17,851,432$33,505,591
77$40,286,114$22,064,954$18,378,958$36,424,139
78$44,322,580$23,073,419$18,921,936$39,621,326
79$48,768,476$24,129,009$19,480,813$43,124,805
80$53,665,489$25,233,960$20,056,049$46,965,015
81$59,059,562$26,390,616$20,648,119$51,175,467
82$65,001,315$27,601,434$21,257,509$55,793,057
83$71,546,534$28,868,990$21,884,721$60,858,405
84$78,756,691$30,195,980$22,530,269$66,416,233
85$86,699,525$31,585,235$23,194,684$72,515,789
86$95,449,681$33,039,716$23,878,511$79,211,299
87$105,089,418$34,562,532$24,582,311$86,562,476
88$115,709,380$36,156,937$25,306,660$94,635,078
89$127,409,455$37,826,345$26,052,151$103,501,523
90$140,299,715$39,574,332$26,819,394$113,241,562
91$154,501,459$41,404,647$27,609,017$123,943,031
92$170,148,353$43,321,219$28,421,663$135,702,670
93$187,387,693$45,328,168$29,257,997$148,627,027
94$206,381,799$47,429,809$30,118,701$162,833,459
95$227,309,541$49,630,668$31,004,477$178,451,229
96$250,368,032$51,935,489$31,916,045$195,622,723
97$275,774,487$54,349,243$32,854,147$214,504,777
98$303,768,270$56,877,142$33,819,547$235,270,155
99$334,613,160$59,524,648$34,813,028$258,109,167
100$368,599,835$62,297,489$35,835,397$283,231,457