Can I retire at age 67 with 12,400,000?

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 $12,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$967,248
2 years$506,921$497,480$488,330$479,459$470,854$449,256
3 years$334,590$325,109$315,982$307,194$298,729$277,753
4 years$248,442$238,989$229,954$221,316$213,056$192,863
5 years$196,766$187,371$178,454$169,992$161,962$142,608
6 years$162,327$153,002$144,217$135,944$128,155$109,662
7 years$137,738$128,491$119,845$111,767$104,224$86,595
8 years$119,304$110,140$101,638$93,759$86,464$69,693
9 years$104,974$95,897$87,541$79,861$72,815$56,890
10 years$93,517$84,529$76,320$68,841$62,042$46,946
11 years$84,149$75,251$67,191$59,913$53,358$39,071
12 years$76,348$67,541$59,630$52,551$46,239$32,740
13 years$69,752$61,037$53,276$46,395$40,322$27,585
14 years$64,103$55,481$47,869$41,184$35,346$23,347
15 years$59,212$50,683$43,219$36,729$31,121$19,834
16 years$54,937$46,501$39,184$32,887$27,505$16,902
17 years$51,168$42,826$35,656$29,549$24,388$14,440
18 years$47,822$39,573$32,549$26,629$21,684$12,364
19 years$44,832$36,676$29,797$24,062$19,328$10,605
20 years$42,144$34,081$27,347$21,793$17,264$9,112
21 years$39,715$31,745$25,154$19,778$15,449$7,838
22 years$37,510$29,633$23,183$17,983$13,848$6,751
23 years$35,499$27,715$21,405$16,377$12,431$5,820
24 years$33,659$25,967$19,796$14,937$11,173$5,021
25 years$31,969$24,369$18,335$13,641$10,054$4,335
26 years$30,411$22,903$17,005$12,473$9,056$3,746
27 years$28,972$21,554$15,791$11,417$8,165$3,238
28 years$27,637$20,310$14,680$10,460$7,368$2,800
29 years$26,397$19,160$13,661$9,592$6,653$2,422
30 years$25,241$18,095$12,724$8,803$6,011$2,096
31 years$24,162$17,106$11,863$8,085$5,435$1,815
32 years$23,153$16,186$11,068$7,431$4,916$1,571
33 years$22,207$15,328$10,334$6,833$4,449$1,361
34 years$21,318$14,527$9,656$6,287$4,028$1,179
35 years$20,482$13,779$9,027$5,787$3,648$1,021
36 years$19,694$13,078$8,445$5,330$3,306$885
37 years$18,951$12,421$7,904$4,911$2,996$767
38 years$18,248$11,805$7,402$4,527$2,716$665
39 years$17,583$11,225$6,935$4,174$2,463$576
40 years$16,953$10,680$6,500$3,850$2,234$499
41 years$16,355$10,166$6,095$3,552$2,027$433
42 years$15,787$9,682$5,717$3,278$1,839$375
43 years$15,247$9,225$5,365$3,026$1,669$325
44 years$14,733$8,793$5,036$2,794$1,515$282
45 years$14,243$8,385$4,729$2,580$1,375$245
46 years$13,776$7,999$4,441$2,383$1,249$212
47 years$13,330$7,634$4,172$2,202$1,134$184
48 years$12,904$7,287$3,921$2,035$1,030$160
49 years$12,497$6,959$3,685$1,880$935$138
50 years$12,107$6,648$3,465$1,738$850$120

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $12,400,000, adding $3,045 every year, while hoping to spend $39,720 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: 33/42/25 Blend
66$12,400,000$12,400,000$12,400,000$12,400,000
67$13,667,941$13,010,741$12,818,541$14,014,549
68$15,019,809$13,606,005$13,205,700$14,871,307
69$16,508,237$14,229,107$13,604,498$15,790,237
70$18,147,111$14,881,367$14,015,283$16,779,825
71$19,951,733$15,564,171$14,438,412$17,846,339
72$21,938,966$16,278,972$14,874,255$18,996,645
73$24,127,390$17,027,291$15,323,192$20,238,270
74$26,537,479$17,810,723$15,785,614$21,579,463
75$29,191,793$18,630,939$16,261,923$23,029,269
76$32,115,193$19,489,692$16,752,534$24,597,607
77$35,335,073$20,388,818$17,257,875$26,295,360
78$38,881,622$21,330,241$17,778,385$28,134,467
79$42,788,103$22,315,979$18,314,517$30,128,031
80$47,091,173$23,348,145$18,866,737$32,290,434
81$51,831,224$24,428,956$19,435,524$34,637,467
82$57,052,769$25,560,735$20,021,374$37,186,466
83$62,804,856$26,745,915$20,624,794$39,956,474
84$69,141,536$27,987,050$21,246,310$42,968,407
85$76,122,370$29,286,813$21,886,459$46,245,243
86$83,812,995$30,648,010$22,545,798$49,812,229
87$92,285,737$32,073,578$23,224,898$53,697,111
88$101,620,298$33,566,600$23,924,349$57,930,384
89$111,904,509$35,130,304$24,644,755$62,545,568
90$123,235,157$36,768,077$25,386,742$67,579,511
91$135,718,897$38,483,466$26,150,952$73,072,732
92$149,473,261$40,280,193$26,938,046$79,069,782
93$164,627,768$42,162,158$27,748,705$85,619,655
94$181,325,145$44,133,447$28,583,631$92,776,239
95$199,722,672$46,198,349$29,443,545$100,598,805
96$219,993,671$48,361,355$30,329,190$109,152,555
97$242,329,140$50,627,175$31,241,333$118,509,220
98$266,939,555$53,000,749$32,180,759$128,747,722
99$294,056,856$55,487,252$33,148,281$139,954,898
100$323,936,640$58,092,112$34,144,733$152,226,306