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

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$1,007,465$998,491$989,735$981,190$972,845$934,246
2 years$498,745$489,456$480,454$471,726$463,260$424,851
3 years$329,194$319,865$310,886$302,239$293,911$256,901
4 years$244,435$235,135$226,245$217,746$209,620$174,290
5 years$193,593$184,348$175,575$167,250$159,350$125,791
6 years$159,709$150,534$141,891$133,751$126,088$94,321
7 years$135,516$126,419$117,912$109,964$102,543$72,557
8 years$117,379$108,364$99,999$92,246$85,069$56,833
9 years$103,281$94,350$86,129$78,573$71,641$45,112
10 years$92,008$83,165$75,089$67,731$61,042$36,168
11 years$82,791$74,037$66,107$58,946$52,498$29,222
12 years$75,116$66,452$58,669$51,704$45,493$23,752
13 years$68,627$60,053$52,416$45,647$39,671$19,399
14 years$63,069$54,586$47,096$40,520$34,776$15,903
15 years$58,257$49,866$42,522$36,137$30,619$13,078
16 years$54,051$45,751$38,552$32,357$27,061$10,782
17 years$50,343$42,135$35,081$29,072$23,994$8,907
18 years$47,051$38,934$32,024$26,200$21,335$7,370
19 years$44,109$36,084$29,317$23,674$19,016$6,106
20 years$41,464$33,531$26,906$21,441$16,986$5,065
21 years$39,074$31,233$24,748$19,459$15,200$4,206
22 years$36,905$29,155$22,809$17,693$13,625$3,494
23 years$34,927$27,268$21,060$16,113$12,230$2,905
24 years$33,116$25,548$19,477$14,696$10,993$2,417
25 years$31,453$23,976$18,040$13,421$9,892$2,011
26 years$29,921$22,533$16,731$12,272$8,910$1,675
27 years$28,504$21,206$15,536$11,233$8,033$1,395
28 years$27,191$19,983$14,443$10,292$7,249$1,162
29 years$25,971$18,851$13,440$9,438$6,545$968
30 years$24,834$17,803$12,519$8,661$5,914$807
31 years$23,772$16,830$11,671$7,955$5,347$672
32 years$22,779$15,925$10,889$7,311$4,837$560
33 years$21,848$15,081$10,167$6,723$4,377$467
34 years$20,974$14,293$9,500$6,186$3,963$389
35 years$20,152$13,557$8,882$5,694$3,590$325
36 years$19,376$12,867$8,309$5,244$3,252$271
37 years$18,645$12,221$7,777$4,832$2,948$226
38 years$17,954$11,614$7,283$4,454$2,672$188
39 years$17,299$11,044$6,823$4,106$2,423$157
40 years$16,679$10,508$6,395$3,788$2,198$131
41 years$16,091$10,002$5,997$3,495$1,994$109
42 years$15,532$9,526$5,625$3,225$1,809$91
43 years$15,001$9,076$5,278$2,977$1,642$76
44 years$14,495$8,651$4,955$2,749$1,491$63
45 years$14,013$8,250$4,652$2,539$1,353$53
46 years$13,554$7,870$4,370$2,345$1,229$44
47 years$13,115$7,511$4,105$2,166$1,116$37
48 years$12,696$7,170$3,858$2,002$1,013$31
49 years$12,295$6,847$3,626$1,850$920$26
50 years$11,911$6,540$3,409$1,710$836$21

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 $5,638 every year, while hoping to spend $20,159 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: 62/13/25 Blend
66$12,200,000$12,200,000$12,200,000$12,200,000
67$13,450,216$12,803,616$12,614,516$14,194,576
68$14,800,689$13,409,544$13,015,653$15,305,674
69$16,288,234$14,044,487$13,429,553$16,515,606
70$17,926,812$14,709,845$13,856,621$17,836,281
71$19,731,807$15,407,087$14,297,277$19,278,519
72$21,720,169$16,137,752$14,751,954$20,854,223
73$23,910,579$16,903,455$15,221,098$22,576,493
74$26,323,623$17,705,889$15,705,169$24,459,742
75$28,981,983$18,546,827$16,204,642$26,519,833
76$31,910,656$19,428,133$16,720,008$28,774,227
77$35,137,187$20,351,756$17,251,774$31,242,139
78$38,691,932$21,319,744$17,800,460$33,944,724
79$42,608,340$22,334,242$18,366,606$36,905,267
80$46,923,271$23,397,500$18,950,767$40,149,404
81$51,677,344$24,511,877$19,553,518$43,705,357
82$56,915,322$25,679,848$20,175,449$47,604,199
83$62,686,530$26,904,006$20,817,172$51,880,145
84$69,045,326$28,187,072$21,479,317$56,570,866
85$76,051,610$29,531,899$22,162,535$61,717,846
86$83,771,389$30,941,477$22,867,495$67,366,765
87$92,277,405$32,418,944$23,594,890$73,567,931
88$101,649,817$33,967,589$24,345,436$80,376,744
89$111,976,959$35,590,861$25,119,868$87,854,217
90$123,356,173$37,292,378$25,918,948$96,067,551
91$135,894,730$39,075,932$26,743,461$105,090,756
92$149,710,842$40,945,501$27,594,215$115,005,350
93$164,934,774$42,905,258$28,472,048$125,901,123
94$181,710,081$44,959,575$29,377,821$137,876,974
95$200,194,955$47,113,040$30,312,424$151,041,844
96$220,563,726$49,370,464$31,276,776$165,515,733
97$243,008,501$51,736,892$32,271,823$181,430,832
98$267,740,982$54,217,614$33,298,544$198,932,757
99$294,994,464$56,818,179$34,357,946$218,181,922
100$325,026,033$59,544,403$35,451,071$239,355,040