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%14%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$972,413
2 years$506,921$497,480$488,330$479,459$470,854$454,398
3 years$334,590$325,109$315,982$307,194$298,729$282,711
4 years$248,442$238,989$229,954$221,316$213,056$197,599
5 years$196,766$187,371$178,454$169,992$161,962$147,110
6 years$162,327$153,002$144,217$135,944$128,155$113,925
7 years$137,738$128,491$119,845$111,767$104,224$90,621
8 years$119,304$110,140$101,638$93,759$86,464$73,485
9 years$104,974$95,897$87,541$79,861$72,815$60,453
10 years$93,517$84,529$76,320$68,841$62,042$50,287
11 years$84,149$75,251$67,191$59,913$53,358$42,197
12 years$76,348$67,541$59,630$52,551$46,239$35,658
13 years$69,752$61,037$53,276$46,395$40,322$30,304
14 years$64,103$55,481$47,869$41,184$35,346$25,875
15 years$59,212$50,683$43,219$36,729$31,121$22,180
16 years$54,937$46,501$39,184$32,887$27,505$19,074
17 years$51,168$42,826$35,656$29,549$24,388$16,449
18 years$47,822$39,573$32,549$26,629$21,684$14,218
19 years$44,832$36,676$29,797$24,062$19,328$12,314
20 years$42,144$34,081$27,347$21,793$17,264$10,683
21 years$39,715$31,745$25,154$19,778$15,449$9,282
22 years$37,510$29,633$23,183$17,983$13,848$8,074
23 years$35,499$27,715$21,405$16,377$12,431$7,031
24 years$33,659$25,967$19,796$14,937$11,173$6,129
25 years$31,969$24,369$18,335$13,641$10,054$5,347
26 years$30,411$22,903$17,005$12,473$9,056$4,668
27 years$28,972$21,554$15,791$11,417$8,165$4,077
28 years$27,637$20,310$14,680$10,460$7,368$3,563
29 years$26,397$19,160$13,661$9,592$6,653$3,116
30 years$25,241$18,095$12,724$8,803$6,011$2,725
31 years$24,162$17,106$11,863$8,085$5,435$2,385
32 years$23,153$16,186$11,068$7,431$4,916$2,088
33 years$22,207$15,328$10,334$6,833$4,449$1,828
34 years$21,318$14,527$9,656$6,287$4,028$1,601
35 years$20,482$13,779$9,027$5,787$3,648$1,402
36 years$19,694$13,078$8,445$5,330$3,306$1,228
37 years$18,951$12,421$7,904$4,911$2,996$1,076
38 years$18,248$11,805$7,402$4,527$2,716$943
39 years$17,583$11,225$6,935$4,174$2,463$827
40 years$16,953$10,680$6,500$3,850$2,234$725
41 years$16,355$10,166$6,095$3,552$2,027$635
42 years$15,787$9,682$5,717$3,278$1,839$557
43 years$15,247$9,225$5,365$3,026$1,669$488
44 years$14,733$8,793$5,036$2,794$1,515$428
45 years$14,243$8,385$4,729$2,580$1,375$375
46 years$13,776$7,999$4,441$2,383$1,249$329
47 years$13,330$7,634$4,172$2,202$1,134$289
48 years$12,904$7,287$3,921$2,035$1,030$253
49 years$12,497$6,959$3,685$1,880$935$222
50 years$12,107$6,648$3,465$1,738$850$195

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 $6,663 every year, while hoping to spend $42,088 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: 69/10/21 Blend
66$12,400,000$12,400,000$12,400,000$12,400,000
67$13,671,673$13,014,473$12,822,273$14,543,201
68$15,021,402$13,607,401$13,207,038$15,719,466
69$16,507,393$14,227,971$13,603,282$17,000,596
70$18,143,500$14,877,495$14,011,345$18,401,478
71$19,944,990$15,557,345$14,431,577$19,933,940
72$21,928,683$16,268,958$14,864,339$21,611,000
73$24,113,115$17,013,844$15,310,001$23,446,993
74$26,518,713$17,793,583$15,768,946$25,457,699
75$29,167,982$18,609,829$16,241,566$27,660,490
76$32,085,725$19,464,319$16,728,267$30,074,494
77$35,299,269$20,358,871$17,229,464$32,720,773
78$38,838,730$21,295,391$17,745,587$35,622,520
79$42,737,292$22,275,877$18,277,076$38,805,272
80$47,031,524$23,302,423$18,824,385$42,297,153
81$51,761,720$24,377,222$19,387,984$46,129,135
82$56,972,286$25,502,576$19,968,351$50,335,329
83$62,712,152$26,680,895$20,565,983$54,953,300
84$69,035,237$27,914,705$21,181,390$60,024,424
85$76,000,961$29,206,655$21,815,096$65,594,273
86$83,674,798$30,559,521$22,467,641$71,713,043
87$92,128,902$31,976,212$23,139,581$78,436,023
88$101,442,781$33,459,777$23,831,489$85,824,114
89$111,704,054$35,013,415$24,543,952$93,944,402
90$123,009,270$36,640,475$25,277,577$102,870,786
91$135,464,827$38,344,470$26,032,988$112,684,673
92$149,187,973$40,129,083$26,810,827$123,475,739
93$164,307,910$41,998,171$27,611,753$135,342,778
94$180,967,018$43,955,783$28,436,448$148,394,623
95$199,322,195$46,006,158$29,285,610$162,751,176
96$219,546,342$48,153,742$30,159,961$178,544,527
97$241,829,990$50,403,196$31,060,241$195,920,203
98$266,383,102$52,759,407$31,987,212$215,038,536
99$293,437,055$55,227,494$32,941,661$236,076,167
100$323,246,823$57,812,829$33,924,394$259,227,710