Can I retire at age 67 with 12,600,000?

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 $12,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$979,657
2 years$515,097$505,504$496,207$487,192$478,448$453,335
3 years$339,987$330,352$321,079$312,149$303,547$279,190
4 years$252,449$242,844$233,663$224,886$216,493$193,079
5 years$199,940$190,393$181,332$172,734$164,574$142,170
6 years$164,946$155,470$146,543$138,137$130,222$108,849
7 years$139,959$130,563$121,778$113,570$105,905$85,566
8 years$121,228$111,917$103,277$95,271$87,859$68,543
9 years$106,667$97,444$88,953$81,150$73,990$55,683
10 years$95,025$85,892$77,551$69,952$63,043$45,722
11 years$85,506$76,465$68,275$60,879$54,219$37,860
12 years$77,579$68,630$60,592$53,399$46,985$31,559
13 years$70,877$62,022$54,135$47,143$40,972$26,449
14 years$65,137$56,376$48,641$41,849$35,916$22,263
15 years$60,167$51,501$43,916$37,322$31,623$18,808
16 years$55,823$47,251$39,816$33,417$27,949$15,936
17 years$51,993$43,516$36,231$30,025$24,781$13,537
18 years$48,593$40,211$33,074$27,059$22,034$11,522
19 years$45,555$37,267$30,278$24,450$19,640$9,825
20 years$42,823$34,630$27,788$22,144$17,542$8,390
21 years$40,355$32,257$25,559$20,097$15,698$7,174
22 years$38,115$30,111$23,557$18,273$14,071$6,140
23 years$36,072$28,162$21,751$16,642$12,631$5,260
24 years$34,202$26,386$20,116$15,178$11,353$4,510
25 years$32,485$24,762$18,631$13,862$10,216$3,869
26 years$30,902$23,272$17,279$12,674$9,202$3,321
27 years$29,439$21,902$16,045$11,601$8,297$2,852
28 years$28,083$20,638$14,916$10,629$7,486$2,451
29 years$26,822$19,470$13,881$9,747$6,760$2,106
30 years$25,648$18,387$12,930$8,945$6,108$1,811
31 years$24,552$17,382$12,054$8,216$5,522$1,557
32 years$23,526$16,447$11,246$7,550$4,995$1,339
33 years$22,565$15,575$10,501$6,943$4,521$1,152
34 years$21,662$14,762$9,811$6,388$4,093$992
35 years$20,812$14,001$9,173$5,881$3,707$853
36 years$20,012$13,289$8,581$5,416$3,359$734
37 years$19,256$12,622$8,032$4,990$3,044$632
38 years$18,542$11,995$7,521$4,600$2,760$544
39 years$17,867$11,406$7,047$4,241$2,503$469
40 years$17,226$10,852$6,605$3,912$2,270$403
41 years$16,619$10,330$6,193$3,609$2,060$347
42 years$16,042$9,838$5,810$3,331$1,869$299
43 years$15,493$9,374$5,451$3,075$1,696$258
44 years$14,971$8,935$5,117$2,839$1,540$222
45 years$14,473$8,520$4,805$2,622$1,398$191
46 years$13,998$8,128$4,513$2,422$1,269$164
47 years$13,545$7,757$4,240$2,237$1,152$142
48 years$13,112$7,405$3,984$2,068$1,046$122
49 years$12,698$7,071$3,745$1,911$950$105
50 years$12,302$6,755$3,521$1,766$863$90

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $12,600,000, adding $3,431 every year, while hoping to spend $50,001 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: 38/33/29 Blend
66$12,600,000$12,600,000$12,600,000$12,600,000
67$13,888,739$13,220,939$13,025,639$14,296,491
68$15,252,190$13,815,564$13,408,797$15,191,798
69$16,753,037$14,437,651$13,803,116$16,153,931
70$18,405,241$15,088,490$14,208,915$17,192,846
71$20,224,188$15,769,438$14,626,525$18,315,551
72$22,226,827$16,481,913$15,056,286$19,529,738
73$24,431,839$17,227,402$15,498,547$20,843,850
74$26,859,805$18,007,464$15,953,667$22,267,152
75$29,533,406$18,823,729$16,422,015$23,809,817
76$32,477,631$19,677,910$16,903,970$25,483,016
77$35,720,019$20,571,798$17,399,924$27,299,019
78$39,290,916$21,507,270$17,910,276$29,271,304
79$43,223,759$22,486,296$18,435,439$31,414,677
80$47,555,394$23,510,937$18,975,839$33,745,411
81$52,326,425$24,583,354$19,531,910$36,281,387
82$57,581,594$25,705,811$20,104,102$39,042,259
83$63,370,202$26,880,682$20,692,876$42,049,633
84$69,746,580$28,110,452$21,298,704$45,327,263
85$76,770,596$29,397,729$21,922,076$48,901,269
86$84,508,223$30,745,244$22,563,491$52,800,371
87$93,032,158$32,155,858$23,223,465$57,056,160
88$102,422,515$33,632,571$23,902,527$61,703,380
89$112,767,571$35,178,526$24,601,222$66,780,250
90$124,164,609$36,797,020$25,320,108$72,328,816
91$136,720,829$38,491,504$26,059,762$78,395,338
92$150,554,364$40,265,598$26,820,774$85,030,715
93$165,795,391$42,123,095$27,603,752$92,290,956
94$182,587,365$44,067,970$28,409,322$100,237,697
95$201,088,366$46,104,391$29,238,124$108,938,771
96$221,472,598$48,236,724$30,090,820$118,468,838
97$243,932,028$50,469,549$30,968,087$128,910,074
98$268,678,200$52,807,662$31,870,624$140,352,936
99$295,944,233$55,256,094$32,799,146$152,897,000
100$325,987,018$57,820,116$33,754,391$166,651,889