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%19%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$952,952
2 years$506,921$497,480$488,330$479,459$470,854$435,138
3 years$334,590$325,109$315,982$307,194$298,729$264,261
4 years$248,442$238,989$229,954$221,316$213,056$180,099
5 years$196,766$187,371$178,454$169,992$161,962$130,602
6 years$162,327$153,002$144,217$135,944$128,155$98,415
7 years$137,738$128,491$119,845$111,767$104,224$76,098
8 years$119,304$110,140$101,638$93,759$86,464$59,926
9 years$104,974$95,897$87,541$79,861$72,815$47,831
10 years$93,517$84,529$76,320$68,841$62,042$38,567
11 years$84,149$75,251$67,191$59,913$53,358$31,343
12 years$76,348$67,541$59,630$52,551$46,239$25,631
13 years$69,752$61,037$53,276$46,395$40,322$21,062
14 years$64,103$55,481$47,869$41,184$35,346$17,377
15 years$59,212$50,683$43,219$36,729$31,121$14,382
16 years$54,937$46,501$39,184$32,887$27,505$11,934
17 years$51,168$42,826$35,656$29,549$24,388$9,924
18 years$47,822$39,573$32,549$26,629$21,684$8,267
19 years$44,832$36,676$29,797$24,062$19,328$6,897
20 years$42,144$34,081$27,347$21,793$17,264$5,761
21 years$39,715$31,745$25,154$19,778$15,449$4,817
22 years$37,510$29,633$23,183$17,983$13,848$4,030
23 years$35,499$27,715$21,405$16,377$12,431$3,375
24 years$33,659$25,967$19,796$14,937$11,173$2,828
25 years$31,969$24,369$18,335$13,641$10,054$2,370
26 years$30,411$22,903$17,005$12,473$9,056$1,988
27 years$28,972$21,554$15,791$11,417$8,165$1,667
28 years$27,637$20,310$14,680$10,460$7,368$1,399
29 years$26,397$19,160$13,661$9,592$6,653$1,174
30 years$25,241$18,095$12,724$8,803$6,011$986
31 years$24,162$17,106$11,863$8,085$5,435$828
32 years$23,153$16,186$11,068$7,431$4,916$695
33 years$22,207$15,328$10,334$6,833$4,449$584
34 years$21,318$14,527$9,656$6,287$4,028$490
35 years$20,482$13,779$9,027$5,787$3,648$412
36 years$19,694$13,078$8,445$5,330$3,306$346
37 years$18,951$12,421$7,904$4,911$2,996$291
38 years$18,248$11,805$7,402$4,527$2,716$244
39 years$17,583$11,225$6,935$4,174$2,463$205
40 years$16,953$10,680$6,500$3,850$2,234$172
41 years$16,355$10,166$6,095$3,552$2,027$145
42 years$15,787$9,682$5,717$3,278$1,839$122
43 years$15,247$9,225$5,365$3,026$1,669$102
44 years$14,733$8,793$5,036$2,794$1,515$86
45 years$14,243$8,385$4,729$2,580$1,375$72
46 years$13,776$7,999$4,441$2,383$1,249$61
47 years$13,330$7,634$4,172$2,202$1,134$51
48 years$12,904$7,287$3,921$2,035$1,030$43
49 years$12,497$6,959$3,685$1,880$935$36
50 years$12,107$6,648$3,465$1,738$850$30

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 $4,940 every year, while hoping to spend $37,116 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: 62/12/26 Blend
66$12,400,000$12,400,000$12,400,000$12,400,000
67$13,669,896$13,012,696$12,820,496$14,422,456
68$15,024,734$13,610,827$13,210,491$15,531,695
69$16,516,522$14,237,022$13,612,307$16,737,838
70$18,159,189$14,892,618$14,026,301$18,054,044
71$19,968,084$15,579,014$14,452,841$19,491,076
72$21,960,121$16,297,679$14,892,304$21,060,776
73$24,153,938$17,050,150$15,345,081$22,776,175
74$26,570,072$17,838,039$15,811,573$24,651,618
75$29,231,153$18,663,036$16,292,194$26,702,890
76$32,162,119$19,526,913$16,787,371$28,947,367
77$35,390,448$20,431,526$17,297,541$31,404,176
78$38,946,423$21,378,820$17,823,158$34,094,372
79$42,863,411$22,370,835$18,364,687$37,041,136
80$47,178,183$23,409,709$18,922,607$40,269,989
81$51,931,256$24,497,683$19,497,413$43,809,029
82$57,167,280$25,637,106$20,089,613$47,689,196
83$62,935,459$26,830,441$20,699,731$51,944,558
84$69,290,012$28,080,268$21,328,307$56,612,629
85$76,290,685$29,389,293$21,975,898$61,734,723
86$84,003,319$30,760,353$22,643,075$67,356,333
87$92,500,469$32,196,421$23,330,429$73,527,566
88$101,862,085$33,700,614$24,038,566$80,303,602
89$112,176,272$35,276,199$24,768,113$87,745,219
90$123,540,121$36,926,602$25,519,714$95,919,356
91$136,060,622$38,655,413$26,294,033$104,899,745
92$149,855,674$40,466,398$27,091,752$114,767,596
93$165,055,204$42,363,502$27,913,577$125,612,366
94$181,802,384$44,350,863$28,760,231$137,532,593
95$200,254,991$46,432,819$29,632,462$150,636,823
96$220,586,889$48,613,917$30,531,039$165,044,626
97$242,989,677$50,898,924$31,456,754$180,887,723
98$267,674,491$53,292,838$32,410,422$198,311,220
99$294,874,002$55,800,900$33,392,884$217,474,972
100$324,844,610$58,428,604$34,405,006$238,555,085