Can I retire at age 67 with 12,100,000?

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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$999,207$990,306$981,623$973,147$964,871$931,749
2 years$494,657$485,444$476,516$467,859$459,462$426,430
3 years$326,495$317,243$308,337$299,762$291,502$259,596
4 years$242,431$233,207$224,391$215,962$207,902$177,367
5 years$192,006$182,837$174,136$165,879$158,043$128,960
6 years$158,400$149,300$140,728$132,655$125,054$97,446
7 years$134,405$125,382$116,946$109,063$101,703$75,564
8 years$116,417$107,476$99,179$91,490$84,372$59,682
9 years$102,434$93,577$85,423$77,929$71,054$47,782
10 years$91,254$82,484$74,474$67,176$60,541$38,650
11 years$82,113$73,430$65,565$58,463$52,067$31,513
12 years$74,500$65,907$58,188$51,280$45,121$25,855
13 years$68,064$59,561$51,987$45,273$39,346$21,319
14 years$62,552$54,139$46,710$40,188$34,490$17,650
15 years$57,780$49,457$42,173$35,841$30,368$14,660
16 years$53,608$45,376$38,236$32,091$26,839$12,210
17 years$49,930$41,789$34,793$28,834$23,798$10,191
18 years$46,665$38,615$31,762$25,985$21,160$8,521
19 years$43,747$35,788$29,077$23,480$18,860$7,136
20 years$41,124$33,256$26,685$21,265$16,846$5,983
21 years$38,754$30,977$24,545$19,300$15,076$5,022
22 years$36,602$28,916$22,622$17,548$13,513$4,219
23 years$34,641$27,044$20,887$15,981$12,130$3,546
24 years$32,845$25,339$19,317$14,576$10,903$2,983
25 years$31,196$23,779$17,892$13,311$9,811$2,511
26 years$29,676$22,349$16,594$12,171$8,837$2,114
27 years$28,271$21,033$15,409$11,141$7,968$1,780
28 years$26,968$19,819$14,324$10,207$7,189$1,500
29 years$25,758$18,697$13,330$9,360$6,492$1,264
30 years$24,630$17,657$12,416$8,590$5,866$1,066
31 years$23,578$16,692$11,576$7,890$5,303$898
32 years$22,593$15,794$10,800$7,251$4,797$758
33 years$21,669$14,957$10,084$6,668$4,341$639
34 years$20,802$14,176$9,422$6,135$3,931$539
35 years$19,986$13,446$8,809$5,647$3,560$454
36 years$19,218$12,762$8,241$5,201$3,226$383
37 years$18,492$12,121$7,713$4,792$2,924$323
38 years$17,806$11,519$7,223$4,417$2,650$273
39 years$17,158$10,954$6,767$4,073$2,403$230
40 years$16,543$10,421$6,343$3,757$2,180$194
41 years$15,959$9,920$5,948$3,466$1,978$164
42 years$15,405$9,448$5,579$3,199$1,795$138
43 years$14,878$9,002$5,235$2,953$1,629$117
44 years$14,377$8,581$4,914$2,726$1,478$98
45 years$13,899$8,182$4,614$2,518$1,342$83
46 years$13,443$7,806$4,334$2,326$1,219$70
47 years$13,008$7,449$4,071$2,149$1,107$59
48 years$12,592$7,111$3,826$1,985$1,005$50
49 years$12,194$6,791$3,596$1,835$913$42
50 years$11,814$6,487$3,381$1,696$829$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $12,100,000, adding $3,702 every year, while hoping to spend $54,475 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: 83/7/10 Blend
66$12,100,000$12,100,000$12,100,000$12,100,000
67$13,338,019$12,696,719$12,509,169$14,424,546
68$14,640,536$13,260,897$12,870,265$15,700,302
69$16,074,083$13,850,894$13,241,632$17,093,382
70$17,651,970$14,467,918$13,623,557$18,621,564
71$19,388,858$15,113,233$14,016,333$20,298,382
72$21,300,905$15,788,165$14,420,264$22,138,745
73$23,405,914$16,494,102$14,835,659$24,159,070
74$25,723,502$17,232,497$15,262,838$26,377,439
75$28,275,285$18,004,875$15,702,129$28,813,770
76$31,085,081$18,812,831$16,153,867$31,490,001
77$34,179,136$19,658,037$16,618,399$34,430,296
78$37,586,371$20,542,244$17,096,079$37,661,274
79$41,338,655$21,467,288$17,587,271$41,212,256
80$45,471,104$22,435,091$18,092,350$45,115,542
81$50,022,413$23,447,667$18,611,701$49,406,714
82$55,035,223$24,507,127$19,145,717$54,124,967
83$60,556,522$25,615,682$19,694,805$59,313,485
84$66,638,086$26,775,649$20,259,379$65,019,840
85$73,336,970$27,989,456$20,839,868$71,296,439
86$80,716,048$29,259,645$21,436,710$78,201,022
87$88,844,600$30,588,884$22,050,356$85,797,202
88$97,798,974$31,979,963$22,681,267$94,155,062
89$107,663,299$33,435,811$23,329,919$103,351,817
90$118,530,283$34,959,493$23,996,799$113,472,539
91$130,502,087$36,554,224$24,682,407$124,610,959
92$143,691,290$38,223,371$25,387,257$136,870,347
93$158,221,947$39,970,462$26,111,876$150,364,488
94$174,230,768$41,799,196$26,856,806$165,218,750
95$191,868,399$43,713,449$27,622,601$181,571,268
96$211,300,850$45,717,283$28,409,833$199,574,242
97$232,711,060$47,814,953$29,219,086$219,395,370
98$256,300,623$50,010,921$30,050,961$241,219,435
99$282,291,693$52,309,862$30,906,074$265,250,037
100$310,929,076$54,716,676$31,785,058$291,711,519