Can I retire at age 67 with 12,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $12,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$969,526
2 years$511,009$501,492$492,268$483,326$474,651$447,405
3 years$337,289$327,731$318,530$309,671$301,138$274,740
4 years$250,446$240,917$231,808$223,101$214,774$189,427
5 years$198,353$188,882$179,893$171,363$163,268$139,041
6 years$163,636$154,236$145,380$137,040$129,188$106,105
7 years$138,848$129,527$120,812$112,668$105,065$83,126
8 years$120,266$111,029$102,458$94,515$87,161$66,355
9 years$105,820$96,670$88,247$80,506$73,402$53,710
10 years$94,271$85,210$76,936$69,397$62,543$43,938
11 years$84,827$75,858$67,733$60,396$53,789$36,243
12 years$76,963$68,086$60,111$52,975$46,612$30,093
13 years$70,314$61,530$53,705$46,769$40,647$25,118
14 years$64,620$55,929$48,255$41,516$35,631$21,056
15 years$59,690$51,092$43,567$37,025$31,372$17,713
16 years$55,380$46,876$39,500$33,152$27,727$14,945
17 years$51,581$43,171$35,944$29,787$24,584$12,639
18 years$48,208$39,892$32,812$26,844$21,859$10,711
19 years$45,193$36,971$30,038$24,256$19,484$9,092
20 years$42,484$34,356$27,567$21,968$17,403$7,729
21 years$40,035$32,001$25,356$19,938$15,574$6,578
22 years$37,812$29,872$23,370$18,128$13,960$5,604
23 years$35,786$27,938$21,578$16,509$12,531$4,778
24 years$33,931$26,176$19,956$15,058$11,263$4,077
25 years$32,227$24,565$18,483$13,752$10,135$3,481
26 years$30,657$23,087$17,142$12,574$9,129$2,974
27 years$29,205$21,728$15,918$11,509$8,231$2,542
28 years$27,860$20,474$14,798$10,545$7,427$2,173
29 years$26,609$19,315$13,771$9,670$6,706$1,859
30 years$25,445$18,241$12,827$8,874$6,060$1,590
31 years$24,357$17,244$11,958$8,150$5,478$1,361
32 years$23,340$16,316$11,157$7,490$4,956$1,164
33 years$22,386$15,452$10,418$6,888$4,485$997
34 years$21,490$14,645$9,734$6,338$4,061$853
35 years$20,647$13,890$9,100$5,834$3,678$731
36 years$19,853$13,184$8,513$5,373$3,332$626
37 years$19,103$12,522$7,968$4,951$3,020$536
38 years$18,395$11,900$7,462$4,563$2,738$459
39 years$17,725$11,316$6,991$4,207$2,483$393
40 years$17,089$10,766$6,552$3,881$2,252$337
41 years$16,487$10,248$6,144$3,580$2,043$288
42 years$15,914$9,760$5,763$3,304$1,854$247
43 years$15,370$9,299$5,408$3,050$1,683$212
44 years$14,852$8,864$5,077$2,816$1,527$181
45 years$14,358$8,453$4,767$2,601$1,387$155
46 years$13,887$8,064$4,477$2,403$1,259$133
47 years$13,438$7,695$4,206$2,220$1,143$114
48 years$13,008$7,346$3,953$2,051$1,038$98
49 years$12,597$7,015$3,715$1,896$943$84
50 years$12,204$6,701$3,493$1,752$856$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $12,500,000, adding $6,619 every year, while hoping to spend $33,626 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: 56/31/13 Blend
66$12,500,000$12,500,000$12,500,000$12,500,000
67$13,781,827$13,119,327$12,925,577$14,507,408
68$15,151,796$13,726,397$13,322,807$15,606,892
69$16,660,374$14,362,085$13,732,216$16,799,678
70$18,321,665$15,027,760$14,154,178$18,098,146
71$20,151,209$15,724,854$14,589,076$19,512,405
72$22,166,129$16,454,869$15,037,307$21,053,563
73$24,385,295$17,219,378$15,499,278$22,733,831
74$26,829,500$18,020,032$15,975,408$24,566,635
75$29,521,656$18,858,561$16,466,132$26,566,735
76$32,487,012$19,736,778$16,971,894$28,750,362
77$35,753,390$20,656,582$17,493,155$31,135,365
78$39,351,448$21,619,968$18,030,389$33,741,376
79$43,314,972$22,629,022$18,584,083$36,589,990
80$47,681,190$23,685,935$19,154,740$39,704,960
81$52,491,127$24,793,002$19,742,880$43,112,420
82$57,789,991$25,952,628$20,349,035$46,841,123
83$63,627,599$27,167,336$20,973,757$50,922,707
84$70,058,849$28,439,770$21,617,612$55,391,985
85$77,144,235$29,772,702$22,281,186$60,287,271
86$84,950,421$31,169,038$22,965,080$65,650,730
87$93,550,868$32,631,826$23,669,915$71,528,771
88$103,026,530$34,164,258$24,396,330$77,972,477
89$113,466,613$35,769,684$25,144,984$85,038,075
90$124,969,424$37,451,615$25,916,557$92,787,467
91$137,643,291$39,213,730$26,711,747$101,288,795
92$151,607,593$41,059,888$27,531,277$110,617,081
93$166,993,881$42,994,137$28,375,889$120,854,925
94$183,947,123$45,020,716$29,246,347$132,093,272
95$202,627,072$47,144,073$30,143,442$144,432,259
96$223,209,772$49,368,872$31,067,986$157,982,154
97$245,889,222$51,699,999$32,020,817$172,864,379
98$270,879,205$54,142,582$33,002,797$189,212,647
99$298,415,309$56,701,993$34,014,815$207,174,211
100$328,757,148$59,383,868$35,057,789$226,911,240