Can I retire at age 67 with 12,300,000?

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$951,328
2 years$502,833$493,468$484,392$475,592$467,057$437,593
3 years$331,892$322,487$313,434$304,717$296,320$267,808
4 years$246,438$237,062$228,100$219,531$211,338$183,996
5 years$195,180$185,859$177,015$168,621$160,656$134,558
6 years$161,018$151,768$143,054$134,848$127,121$102,291
7 years$136,627$127,455$118,879$110,866$103,384$79,820
8 years$118,342$109,252$100,818$93,002$85,767$63,455
9 years$104,127$95,124$86,835$79,217$72,228$51,144
10 years$92,762$83,847$75,705$68,286$61,542$41,656
11 years$83,470$74,644$66,649$59,429$52,928$34,207
12 years$75,732$66,996$59,149$52,128$45,866$28,271
13 years$69,189$60,545$52,846$46,021$39,996$23,486
14 years$63,586$55,034$47,482$40,852$35,061$19,593
15 years$58,735$50,274$42,870$36,433$30,870$16,402
16 years$54,494$46,126$38,868$32,622$27,283$13,769
17 years$50,755$42,480$35,369$29,310$24,191$11,585
18 years$47,436$39,254$32,287$26,415$21,510$9,767
19 years$44,470$36,380$29,557$23,868$19,172$8,247
20 years$41,804$33,806$27,126$21,617$17,125$6,973
21 years$39,395$31,489$24,951$19,619$15,325$5,903
22 years$37,207$29,394$22,996$17,838$13,736$5,002
23 years$35,213$27,491$21,233$16,245$12,331$4,241
24 years$33,388$25,758$19,637$14,817$11,083$3,599
25 years$31,711$24,172$18,187$13,531$9,973$3,056
26 years$30,166$22,718$16,868$12,372$8,983$2,596
27 years$28,738$21,380$15,663$11,325$8,099$2,206
28 years$27,414$20,147$14,561$10,376$7,308$1,875
29 years$26,184$19,006$13,550$9,515$6,599$1,595
30 years$25,037$17,949$12,622$8,732$5,963$1,356
31 years$23,967$16,968$11,767$8,020$5,391$1,154
32 years$22,966$16,055$10,979$7,371$4,876$982
33 years$22,027$15,204$10,251$6,778$4,413$836
34 years$21,146$14,410$9,578$6,236$3,996$711
35 years$20,317$13,668$8,955$5,741$3,619$605
36 years$19,535$12,973$8,377$5,287$3,279$515
37 years$18,798$12,321$7,841$4,871$2,972$439
38 years$18,101$11,710$7,342$4,490$2,694$374
39 years$17,441$11,135$6,879$4,140$2,443$318
40 years$16,816$10,594$6,448$3,819$2,216$271
41 years$16,223$10,084$6,046$3,523$2,010$231
42 years$15,660$9,604$5,671$3,251$1,824$196
43 years$15,124$9,151$5,322$3,001$1,656$167
44 years$14,614$8,722$4,995$2,771$1,503$143
45 years$14,128$8,318$4,690$2,559$1,364$121
46 years$13,665$7,935$4,405$2,364$1,239$103
47 years$13,223$7,572$4,139$2,184$1,125$88
48 years$12,800$7,229$3,889$2,018$1,022$75
49 years$12,396$6,903$3,656$1,865$928$64
50 years$12,009$6,594$3,437$1,724$843$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $12,300,000, adding $5,899 every year, while hoping to spend $31,550 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: 32/40/28 Blend
66$12,300,000$12,300,000$12,300,000$12,300,000
67$13,560,685$12,908,785$12,718,135$13,878,565
68$14,910,306$13,507,746$13,110,623$14,721,841
69$16,396,531$14,135,000$13,515,203$15,626,281
70$18,033,260$14,791,897$13,932,245$16,599,843
71$19,835,810$15,479,858$14,362,133$17,648,633
72$21,821,060$16,200,368$14,805,262$18,779,341
73$24,007,608$16,954,987$15,262,038$19,999,299
74$26,415,949$17,745,346$15,732,882$21,316,541
75$29,068,668$18,573,160$16,218,225$22,739,873
76$31,990,650$19,440,223$16,718,514$24,278,955
77$35,209,319$20,348,416$17,234,207$25,944,379
78$38,754,894$21,299,714$17,765,777$27,747,767
79$42,660,676$22,296,183$18,313,714$29,701,871
80$46,963,361$23,339,991$18,878,519$31,820,687
81$51,703,385$24,433,412$19,460,710$34,119,577
82$56,925,309$25,578,828$20,060,823$36,615,411
83$62,678,237$26,778,737$20,679,407$39,326,712
84$69,016,280$28,035,758$21,317,030$42,273,825
85$75,999,066$29,352,636$21,974,276$45,479,097
86$83,692,306$30,732,249$22,651,749$48,967,085
87$92,168,407$32,177,616$23,350,069$52,764,767
88$101,507,165$33,691,899$24,069,876$56,901,795
89$111,796,510$35,278,416$24,811,831$61,410,760
90$123,133,339$36,940,645$25,576,613$66,327,488
91$135,624,434$38,682,230$26,364,924$71,691,367
92$149,387,462$40,506,995$27,177,484$77,545,704
93$164,552,093$42,418,948$28,015,040$83,938,124
94$181,261,220$44,422,290$28,878,358$90,921,002
95$199,672,310$46,521,428$29,768,228$98,551,943
96$219,958,888$48,720,980$30,685,466$106,894,315
97$242,312,177$51,025,791$31,630,912$116,017,826
98$266,942,903$53,440,938$32,605,431$125,999,167
99$294,083,281$55,971,746$33,609,915$136,922,720
100$323,989,212$58,623,798$34,645,284$148,881,334