Can I retire at age 67 with 12,000,000?

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 $12,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$990,949$982,122$973,510$965,105$956,897$949,673
2 years$490,569$481,432$472,578$463,993$455,665$448,382
3 years$323,797$314,621$305,789$297,285$289,093$281,976
4 years$240,428$231,280$222,536$214,177$206,183$199,288
5 years$190,419$181,326$172,697$164,508$156,737$150,083
6 years$157,091$148,067$139,565$131,559$124,021$117,617
7 years$133,294$124,346$115,979$108,162$100,862$94,711
8 years$115,455$106,588$98,360$90,734$83,675$77,777
9 years$101,588$92,804$84,717$77,285$70,466$64,819
10 years$90,500$81,802$73,858$66,621$60,041$54,642
11 years$81,434$72,823$65,024$57,980$51,637$46,483
12 years$73,885$65,362$57,707$50,856$44,748$39,833
13 years$67,502$59,068$51,557$44,898$39,021$34,340
14 years$62,035$53,692$46,324$39,856$34,205$29,753
15 years$57,302$49,048$41,825$35,544$30,117$25,888
16 years$53,165$45,001$37,920$31,826$26,618$22,604
17 years$49,518$41,444$34,506$28,595$23,601$19,797
18 years$46,279$38,296$31,499$25,770$20,985$17,383
19 years$43,385$35,493$28,836$23,286$18,704$15,298
20 years$40,784$32,981$26,464$21,090$16,707$13,489
21 years$38,434$30,721$24,342$19,140$14,951$11,914
22 years$36,300$28,677$22,435$17,403$13,401$10,538
23 years$34,354$26,821$20,715$15,849$12,030$9,333
24 years$32,574$25,129$19,158$14,455$10,813$8,276
25 years$30,938$23,583$17,744$13,201$9,730$7,345
26 years$29,430$22,164$16,457$12,071$8,764$6,524
27 years$28,037$20,859$15,281$11,049$7,902$5,800
28 years$26,745$19,655$14,206$10,123$7,130$5,160
29 years$25,545$18,542$13,220$9,283$6,438$4,593
30 years$24,427$17,511$12,314$8,519$5,817$4,090
31 years$23,383$16,554$11,480$7,824$5,259$3,645
32 years$22,406$15,663$10,711$7,191$4,757$3,249
33 years$21,490$14,834$10,001$6,613$4,305$2,897
34 years$20,630$14,059$9,344$6,084$3,898$2,584
35 years$19,821$13,335$8,736$5,601$3,531$2,306
36 years$19,059$12,656$8,172$5,158$3,199$2,058
37 years$18,339$12,021$7,649$4,753$2,899$1,837
38 years$17,659$11,424$7,163$4,381$2,629$1,641
39 years$17,016$10,863$6,711$4,039$2,384$1,465
40 years$16,406$10,335$6,290$3,725$2,162$1,309
41 years$15,827$9,838$5,898$3,437$1,961$1,169
42 years$15,278$9,370$5,533$3,172$1,780$1,045
43 years$14,755$8,927$5,192$2,928$1,615$933
44 years$14,258$8,510$4,873$2,704$1,466$834
45 years$13,784$8,115$4,576$2,497$1,331$746
46 years$13,332$7,741$4,298$2,307$1,209$666
47 years$12,900$7,387$4,038$2,131$1,097$596
48 years$12,488$7,052$3,794$1,969$997$532
49 years$12,094$6,735$3,567$1,820$905$476
50 years$11,716$6,433$3,353$1,682$822$426

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $12,000,000, adding $2,195 every year, while hoping to spend $51,778 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: 51/28/21 Blend
66$12,000,000$12,000,000$12,000,000$12,000,000
67$13,226,264$12,590,264$12,404,264$13,823,432
68$14,520,252$13,152,096$12,764,716$14,798,105
69$15,944,491$13,739,722$13,135,507$15,851,754
70$17,512,212$14,354,351$13,516,929$16,996,286
71$19,237,994$14,997,251$13,909,283$18,240,332
72$21,137,902$15,669,749$14,312,877$19,593,376
73$23,229,635$16,373,234$14,728,025$21,065,845
74$25,532,699$17,109,163$15,155,055$22,669,198
75$28,068,585$17,879,063$15,594,301$24,416,035
76$30,860,976$18,684,532$16,046,104$26,320,211
77$33,935,966$19,527,245$16,510,819$28,396,960
78$37,322,311$20,408,956$16,988,808$30,663,037
79$41,051,697$21,331,505$17,480,443$33,136,872
80$45,159,039$22,296,818$17,986,107$35,838,736
81$49,682,812$23,306,913$18,506,193$38,790,932
82$54,665,413$24,363,906$19,041,105$42,017,997
83$60,153,560$25,470,013$19,591,257$45,546,929
84$66,198,735$26,627,555$20,157,076$49,407,435
85$72,857,668$27,838,967$20,739,000$53,632,210
86$80,192,871$29,106,798$21,337,478$58,257,232
87$88,273,233$30,433,720$21,952,972$63,322,105
88$97,174,663$31,822,532$22,585,957$68,870,416
89$106,980,812$33,276,170$23,236,920$74,950,147
90$117,783,860$34,797,707$23,906,361$81,614,117
91$129,685,385$36,390,366$24,594,796$88,920,472
92$142,797,324$38,057,524$25,302,752$96,933,231
93$157,243,029$39,802,720$26,030,771$105,722,876
94$173,158,426$41,629,662$26,779,411$115,367,012
95$190,693,308$43,542,237$27,549,243$125,951,092
96$210,012,738$45,544,520$28,340,856$137,569,208
97$231,298,615$47,640,779$29,154,852$150,324,976
98$254,751,385$49,835,488$29,991,851$164,332,500
99$280,591,938$52,133,339$30,852,489$179,717,441
100$309,063,688$54,539,245$31,737,420$196,618,188