Can I retire at age 67 with 12,200,000?

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$1,007,465$998,491$989,735$981,190$972,845$947,405
2 years$498,745$489,456$480,454$471,726$463,260$437,803
3 years$329,194$319,865$310,886$302,239$293,911$269,234
4 years$244,435$235,135$226,245$217,746$209,620$185,912
5 years$193,593$184,348$175,575$167,250$159,350$136,676
6 years$159,709$150,534$141,891$133,751$126,088$104,472
7 years$135,516$126,419$117,912$109,964$102,543$81,985
8 years$117,379$108,364$99,999$92,246$85,069$65,560
9 years$103,281$94,350$86,129$78,573$71,641$53,163
10 years$92,008$83,165$75,089$67,731$61,042$43,572
11 years$82,791$74,037$66,107$58,946$52,498$36,010
12 years$75,116$66,452$58,669$51,704$45,493$29,958
13 years$68,627$60,053$52,416$45,647$39,671$25,057
14 years$63,069$54,586$47,096$40,520$34,776$21,048
15 years$58,257$49,866$42,522$36,137$30,619$17,744
16 years$54,051$45,751$38,552$32,357$27,061$15,002
17 years$50,343$42,135$35,081$29,072$23,994$12,716
18 years$47,051$38,934$32,024$26,200$21,335$10,800
19 years$44,109$36,084$29,317$23,674$19,016$9,188
20 years$41,464$33,531$26,906$21,441$16,986$7,828
21 years$39,074$31,233$24,748$19,459$15,200$6,678
22 years$36,905$29,155$22,809$17,693$13,625$5,703
23 years$34,927$27,268$21,060$16,113$12,230$4,874
24 years$33,116$25,548$19,477$14,696$10,993$4,169
25 years$31,453$23,976$18,040$13,421$9,892$3,568
26 years$29,921$22,533$16,731$12,272$8,910$3,055
27 years$28,504$21,206$15,536$11,233$8,033$2,618
28 years$27,191$19,983$14,443$10,292$7,249$2,243
29 years$25,971$18,851$13,440$9,438$6,545$1,923
30 years$24,834$17,803$12,519$8,661$5,914$1,650
31 years$23,772$16,830$11,671$7,955$5,347$1,415
32 years$22,779$15,925$10,889$7,311$4,837$1,214
33 years$21,848$15,081$10,167$6,723$4,377$1,042
34 years$20,974$14,293$9,500$6,186$3,963$894
35 years$20,152$13,557$8,882$5,694$3,590$768
36 years$19,376$12,867$8,309$5,244$3,252$659
37 years$18,645$12,221$7,777$4,832$2,948$566
38 years$17,954$11,614$7,283$4,454$2,672$486
39 years$17,299$11,044$6,823$4,106$2,423$417
40 years$16,679$10,508$6,395$3,788$2,198$358
41 years$16,091$10,002$5,997$3,495$1,994$308
42 years$15,532$9,526$5,625$3,225$1,809$264
43 years$15,001$9,076$5,278$2,977$1,642$227
44 years$14,495$8,651$4,955$2,749$1,491$195
45 years$14,013$8,250$4,652$2,539$1,353$167
46 years$13,554$7,870$4,370$2,345$1,229$144
47 years$13,115$7,511$4,105$2,166$1,116$124
48 years$12,696$7,170$3,858$2,002$1,013$106
49 years$12,295$6,847$3,626$1,850$920$91
50 years$11,911$6,540$3,409$1,710$836$78

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $12,200,000, adding $5,108 every year, while hoping to spend $34,483 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: 71/10/19 Blend
66$12,200,000$12,200,000$12,200,000$12,200,000
67$13,449,669$12,803,069$12,613,969$14,342,833
68$14,784,845$13,393,730$12,999,847$15,528,746
69$16,255,054$14,012,177$13,397,497$16,822,124
70$17,874,032$14,659,736$13,807,275$18,237,339
71$19,656,917$15,337,796$14,229,552$19,786,455
72$21,620,386$16,047,813$14,664,706$21,482,749
73$23,782,822$16,791,311$15,113,130$23,340,839
74$26,164,476$17,569,892$15,575,226$25,376,819
75$28,787,667$18,385,231$16,051,411$27,608,407
76$31,676,988$19,239,086$16,542,111$30,055,115
77$34,859,537$20,133,298$17,047,769$32,738,426
78$38,365,180$21,069,799$17,568,839$35,681,998
79$42,226,821$22,050,613$18,105,789$38,911,881
80$46,480,725$23,077,861$18,659,100$42,456,765
81$51,166,850$24,153,767$19,229,271$46,348,248
82$56,329,230$25,280,663$19,816,813$50,621,126
83$62,016,389$26,460,993$20,422,254$55,313,726
84$68,281,797$27,697,318$21,046,136$60,468,260
85$75,184,379$28,992,325$21,689,020$66,131,223
86$82,789,067$30,348,830$22,351,483$72,353,829
87$91,167,412$31,769,783$23,034,118$79,192,486
88$100,398,266$33,258,280$23,737,539$86,709,336
89$110,568,517$34,817,564$24,462,375$94,972,825
90$121,773,918$36,451,037$25,209,276$104,058,356
91$134,119,982$38,162,263$25,978,912$114,048,993
92$147,722,987$39,954,980$26,771,972$125,036,239
93$162,711,066$41,833,108$27,589,167$137,120,899
94$179,225,419$43,800,754$28,431,228$150,414,026
95$197,421,647$45,862,227$29,298,910$165,037,967
96$217,471,221$48,022,042$30,192,989$181,127,508
97$239,563,097$50,284,933$31,114,266$198,831,148
98$263,905,503$52,655,866$32,063,564$218,312,491
99$290,727,904$55,140,043$33,041,734$239,751,788
100$320,283,168$57,742,923$34,049,649$263,347,632