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

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 $12,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$974,651
2 years$511,009$501,492$492,268$483,326$474,651$452,484
3 years$337,289$327,731$318,530$309,671$301,138$279,613
4 years$250,446$240,917$231,808$223,101$214,774$194,056
5 years$198,353$188,882$179,893$171,363$163,268$143,416
6 years$163,636$154,236$145,380$137,040$129,188$110,223
7 years$138,848$129,527$120,812$112,668$105,065$86,989
8 years$120,266$111,029$102,458$94,515$87,161$69,969
9 years$105,820$96,670$88,247$80,506$73,402$57,081
10 years$94,271$85,210$76,936$69,397$62,543$47,074
11 years$84,827$75,858$67,733$60,396$53,789$39,154
12 years$76,963$68,086$60,111$52,975$46,612$32,787
13 years$70,314$61,530$53,705$46,769$40,647$27,607
14 years$64,620$55,929$48,255$41,516$35,631$23,350
15 years$59,690$51,092$43,567$37,025$31,372$19,822
16 years$55,380$46,876$39,500$33,152$27,727$16,880
17 years$51,581$43,171$35,944$29,787$24,584$14,411
18 years$48,208$39,892$32,812$26,844$21,859$12,330
19 years$45,193$36,971$30,038$24,256$19,484$10,568
20 years$42,484$34,356$27,567$21,968$17,403$9,073
21 years$40,035$32,001$25,356$19,938$15,574$7,799
22 years$37,812$29,872$23,370$18,128$13,960$6,712
23 years$35,786$27,938$21,578$16,509$12,531$5,782
24 years$33,931$26,176$19,956$15,058$11,263$4,984
25 years$32,227$24,565$18,483$13,752$10,135$4,300
26 years$30,657$23,087$17,142$12,574$9,129$3,712
27 years$29,205$21,728$15,918$11,509$8,231$3,206
28 years$27,860$20,474$14,798$10,545$7,427$2,770
29 years$26,609$19,315$13,771$9,670$6,706$2,395
30 years$25,445$18,241$12,827$8,874$6,060$2,071
31 years$24,357$17,244$11,958$8,150$5,478$1,791
32 years$23,340$16,316$11,157$7,490$4,956$1,550
33 years$22,386$15,452$10,418$6,888$4,485$1,341
34 years$21,490$14,645$9,734$6,338$4,061$1,161
35 years$20,647$13,890$9,100$5,834$3,678$1,005
36 years$19,853$13,184$8,513$5,373$3,332$870
37 years$19,103$12,522$7,968$4,951$3,020$753
38 years$18,395$11,900$7,462$4,563$2,738$652
39 years$17,725$11,316$6,991$4,207$2,483$565
40 years$17,089$10,766$6,552$3,881$2,252$489
41 years$16,487$10,248$6,144$3,580$2,043$424
42 years$15,914$9,760$5,763$3,304$1,854$367
43 years$15,370$9,299$5,408$3,050$1,683$318
44 years$14,852$8,864$5,077$2,816$1,527$275
45 years$14,358$8,453$4,767$2,601$1,387$239
46 years$13,887$8,064$4,477$2,403$1,259$207
47 years$13,438$7,695$4,206$2,220$1,143$179
48 years$13,008$7,346$3,953$2,051$1,038$155
49 years$12,597$7,015$3,715$1,896$943$134
50 years$12,204$6,701$3,493$1,752$856$117

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 $6,347 every year, while hoping to spend $42,266 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: 51/25/24 Blend
66$12,500,000$12,500,000$12,500,000$12,500,000
67$13,781,547$13,119,047$12,925,297$14,391,492
68$15,142,294$13,716,910$13,313,324$15,413,020
69$16,640,421$14,342,651$13,712,933$16,518,320
70$18,289,895$14,997,592$14,124,468$17,719,298
71$20,106,109$15,683,119$14,548,281$19,025,058
72$22,106,021$16,400,681$14,984,739$20,445,601
73$24,308,322$17,151,800$15,434,213$21,991,922
74$26,733,602$17,938,070$15,897,091$23,676,109
75$29,404,555$18,761,161$16,373,769$25,511,452
76$32,346,185$19,622,823$16,864,656$27,512,565
77$35,586,046$20,524,892$17,370,171$29,695,518
78$39,154,500$21,469,288$17,890,749$32,077,988
79$43,085,004$22,458,029$18,426,835$34,679,418
80$47,414,427$23,493,226$18,978,887$37,521,196
81$52,183,397$24,577,091$19,547,378$40,626,853
82$57,436,681$25,711,947$20,132,792$44,022,279
83$63,223,613$26,900,223$20,735,632$47,735,963
84$69,598,557$28,144,469$21,356,411$51,799,253
85$76,621,419$29,447,356$21,995,659$56,246,652
86$84,358,212$30,811,685$22,653,922$61,116,128
87$92,881,682$32,240,391$23,331,761$66,449,478
88$102,271,993$33,736,549$24,029,755$72,292,702
89$112,617,481$35,303,385$24,748,496$78,696,444
90$124,015,493$36,944,279$25,488,599$85,716,450
91$136,573,298$38,662,774$26,250,693$93,414,096
92$150,409,109$40,462,585$27,035,426$101,856,953
93$165,653,191$42,347,604$27,843,465$111,119,420
94$182,449,093$44,321,914$28,675,498$121,283,415
95$200,955,005$46,389,791$29,532,231$132,439,142
96$221,345,247$48,555,723$30,414,392$144,685,929
97$243,811,917$50,824,408$31,322,730$158,133,158
98$268,566,706$53,200,778$32,258,014$172,901,287
99$295,842,892$55,689,997$33,221,039$189,122,975
100$325,897,543$58,297,484$34,212,621$206,944,324