Can I retire at age 67 with 12,700,000?

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 $12,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$1,008,025
2 years$519,185$509,516$500,145$491,059$482,246$477,510
3 years$342,685$332,974$323,627$314,626$305,956$301,324
4 years$254,453$244,771$235,517$226,670$218,211$213,716
5 years$201,527$191,904$182,771$174,105$165,880$161,537
6 years$166,255$156,704$147,706$139,233$131,255$127,069
7 years$141,070$131,600$122,745$114,471$106,746$102,719
8 years$122,190$112,805$104,097$96,027$88,556$84,689
9 years$107,513$98,217$89,659$81,794$74,577$70,868
10 years$95,779$86,574$78,167$70,507$63,543$59,992
11 years$86,184$77,071$68,817$61,362$54,649$51,252
12 years$78,195$69,175$61,073$53,823$47,358$44,113
13 years$71,439$62,514$54,565$47,517$41,297$38,201
14 years$65,654$56,824$49,027$42,181$36,201$33,250
15 years$60,645$51,909$44,264$37,618$31,874$29,065
16 years$56,266$47,626$40,132$33,683$28,170$25,499
17 years$52,406$43,862$36,519$30,264$24,978$22,441
18 years$48,979$40,530$33,337$27,274$22,209$19,802
19 years$45,916$37,563$30,518$24,644$19,795$17,514
20 years$43,163$34,905$28,008$22,320$17,682$15,521
21 years$40,676$32,513$25,762$20,257$15,823$13,780
22 years$38,417$30,350$23,744$18,418$14,183$12,252
23 years$36,358$28,385$21,923$16,774$12,732$10,909
24 years$34,474$26,595$20,275$15,299$11,443$9,724
25 years$32,743$24,958$18,779$13,972$10,297$8,677
26 years$31,147$23,457$17,417$12,775$9,276$7,750
27 years$29,672$22,076$16,173$11,693$8,363$6,928
28 years$28,306$20,802$15,035$10,713$7,546$6,197
29 years$27,035$19,624$13,991$9,824$6,814$5,548
30 years$25,852$18,533$13,032$9,016$6,157$4,969
31 years$24,747$17,520$12,150$8,281$5,566$4,453
32 years$23,713$16,577$11,336$7,610$5,035$3,992
33 years$22,744$15,699$10,584$6,998$4,557$3,580
34 years$21,834$14,879$9,889$6,439$4,126$3,212
35 years$20,977$14,112$9,246$5,927$3,737$2,883
36 years$20,171$13,395$8,649$5,459$3,386$2,588
37 years$19,409$12,722$8,095$5,030$3,068$2,324
38 years$18,689$12,090$7,581$4,636$2,782$2,088
39 years$18,008$11,497$7,103$4,275$2,523$1,876
40 years$17,363$10,938$6,657$3,943$2,288$1,685
41 years$16,751$10,412$6,242$3,638$2,076$1,515
42 years$16,169$9,916$5,856$3,357$1,884$1,362
43 years$15,616$9,448$5,495$3,099$1,710$1,224
44 years$15,089$9,006$5,158$2,861$1,552$1,101
45 years$14,588$8,588$4,843$2,643$1,409$990
46 years$14,109$8,193$4,549$2,441$1,279$890
47 years$13,653$7,818$4,273$2,255$1,161$800
48 years$13,216$7,464$4,016$2,084$1,055$720
49 years$12,799$7,127$3,775$1,926$958$648
50 years$12,400$6,808$3,549$1,780$870$583

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $12,700,000, adding $3,365 every year, while hoping to spend $23,634 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: 52/19/29 Blend
66$12,700,000$12,700,000$12,700,000$12,700,000
67$13,998,871$13,325,771$13,128,921$14,612,557
68$15,401,609$13,953,587$13,543,593$15,667,858
69$16,946,635$14,611,375$13,971,365$16,812,590
70$18,648,436$15,300,576$14,412,651$18,057,474
71$20,522,978$16,022,706$14,867,876$19,412,087
72$22,587,855$16,779,351$15,337,482$20,886,962
73$24,862,451$17,572,175$15,821,923$22,493,673
74$27,368,132$18,402,922$16,321,668$24,244,952
75$30,128,438$19,273,422$16,837,201$26,154,799
76$33,169,311$20,185,592$17,369,019$28,238,610
77$36,519,337$21,141,443$17,917,638$30,513,323
78$40,210,020$22,143,083$18,483,589$32,997,568
79$44,276,072$23,192,724$19,067,419$35,711,843
80$48,755,747$24,292,684$19,669,693$38,678,699
81$53,691,199$25,445,391$20,290,995$41,922,953
82$59,128,883$26,653,397$20,931,924$45,471,912
83$65,119,987$27,919,371$21,593,101$49,355,629
84$71,720,922$29,246,117$22,275,167$53,607,179
85$78,993,852$30,636,573$22,978,781$58,262,968
86$87,007,279$32,093,818$23,704,624$63,363,068
87$95,836,691$33,621,085$24,453,398$68,951,593
88$105,565,274$35,221,760$25,225,829$75,077,103
89$116,284,701$36,899,395$26,022,663$81,793,062
90$128,095,990$38,657,714$26,844,671$89,158,331
91$141,110,463$40,500,624$27,692,650$97,237,720
92$155,450,796$42,432,221$28,567,419$106,102,589
93$171,252,176$44,456,798$29,469,826$115,831,515
94$188,663,576$46,578,859$30,400,744$126,511,026
95$207,849,165$48,803,127$31,361,073$138,236,407
96$228,989,854$51,134,555$32,351,743$151,112,595
97$252,285,005$53,578,335$33,373,713$165,255,154
98$277,954,315$56,139,912$34,427,971$180,791,361
99$306,239,886$58,824,999$35,515,539$197,861,394
100$337,408,514$61,639,583$36,637,469$216,619,648