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 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$1,008,449
2 years$519,185$509,516$500,145$491,059$482,246$477,938
3 years$342,685$332,974$323,627$314,626$305,956$301,741
4 years$254,453$244,771$235,517$226,670$218,211$214,120
5 years$201,527$191,904$182,771$174,105$165,880$161,927
6 years$166,255$156,704$147,706$139,233$131,255$127,444
7 years$141,070$131,600$122,745$114,471$106,746$103,079
8 years$122,190$112,805$104,097$96,027$88,556$85,033
9 years$107,513$98,217$89,659$81,794$74,577$71,198
10 years$95,779$86,574$78,167$70,507$63,543$60,307
11 years$86,184$77,071$68,817$61,362$54,649$51,553
12 years$78,195$69,175$61,073$53,823$47,358$44,399
13 years$71,439$62,514$54,565$47,517$41,297$38,473
14 years$65,654$56,824$49,027$42,181$36,201$33,509
15 years$60,645$51,909$44,264$37,618$31,874$29,311
16 years$56,266$47,626$40,132$33,683$28,170$25,732
17 years$52,406$43,862$36,519$30,264$24,978$22,661
18 years$48,979$40,530$33,337$27,274$22,209$20,011
19 years$45,916$37,563$30,518$24,644$19,795$17,711
20 years$43,163$34,905$28,008$22,320$17,682$15,707
21 years$40,676$32,513$25,762$20,257$15,823$13,955
22 years$38,417$30,350$23,744$18,418$14,183$12,417
23 years$36,358$28,385$21,923$16,774$12,732$11,064
24 years$34,474$26,595$20,275$15,299$11,443$9,870
25 years$32,743$24,958$18,779$13,972$10,297$8,814
26 years$31,147$23,457$17,417$12,775$9,276$7,879
27 years$29,672$22,076$16,173$11,693$8,363$7,048
28 years$28,306$20,802$15,035$10,713$7,546$6,310
29 years$27,035$19,624$13,991$9,824$6,814$5,653
30 years$25,852$18,533$13,032$9,016$6,157$5,067
31 years$24,747$17,520$12,150$8,281$5,566$4,544
32 years$23,713$16,577$11,336$7,610$5,035$4,077
33 years$22,744$15,699$10,584$6,998$4,557$3,660
34 years$21,834$14,879$9,889$6,439$4,126$3,287
35 years$20,977$14,112$9,246$5,927$3,737$2,952
36 years$20,171$13,395$8,649$5,459$3,386$2,653
37 years$19,409$12,722$8,095$5,030$3,068$2,384
38 years$18,689$12,090$7,581$4,636$2,782$2,143
39 years$18,008$11,497$7,103$4,275$2,523$1,927
40 years$17,363$10,938$6,657$3,943$2,288$1,733
41 years$16,751$10,412$6,242$3,638$2,076$1,559
42 years$16,169$9,916$5,856$3,357$1,884$1,403
43 years$15,616$9,448$5,495$3,099$1,710$1,262
44 years$15,089$9,006$5,158$2,861$1,552$1,136
45 years$14,588$8,588$4,843$2,643$1,409$1,022
46 years$14,109$8,193$4,549$2,441$1,279$920
47 years$13,653$7,818$4,273$2,255$1,161$828
48 years$13,216$7,464$4,016$2,084$1,055$746
49 years$12,799$7,127$3,775$1,926$958$671
50 years$12,400$6,808$3,549$1,780$870$604

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 $3,574 every year, while hoping to spend $44,416 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: 79/8/13 Blend
66$12,700,000$12,700,000$12,700,000$12,700,000
67$13,999,087$13,325,987$13,129,137$15,069,279
68$15,379,735$13,931,702$13,521,704$16,379,346
69$16,899,721$14,565,608$13,925,935$17,810,255
70$18,573,210$15,229,040$14,342,171$19,378,897
71$20,415,811$15,923,397$14,770,767$21,099,024
72$22,444,724$16,650,143$15,212,088$22,985,782
73$24,678,901$17,410,815$15,666,507$25,055,850
74$27,139,225$18,207,021$16,134,412$27,327,596
75$29,848,709$19,040,449$16,616,198$29,821,250
76$32,832,711$19,912,864$17,112,274$32,559,090
77$36,119,173$20,826,120$17,623,061$35,565,655
78$39,738,886$21,782,158$18,148,991$38,867,972
79$43,725,781$22,783,012$18,690,510$42,495,810
80$48,117,244$23,830,813$19,248,076$46,481,960
81$52,954,477$24,927,797$19,822,161$50,862,540
82$58,282,880$26,076,306$20,413,250$55,677,338
83$64,152,483$27,278,793$21,021,842$60,970,181
84$70,618,414$28,537,831$21,648,452$66,789,348
85$77,741,425$29,856,118$22,293,607$73,188,027
86$85,588,460$31,236,478$22,957,854$80,224,808
87$94,233,293$32,681,875$23,641,751$87,964,240
88$103,757,214$34,195,412$24,345,875$96,477,432
89$114,249,807$35,780,345$25,070,820$105,842,728
90$125,809,790$37,440,084$25,817,194$116,146,436
91$138,545,946$39,178,206$26,585,628$127,483,646
92$152,578,151$40,998,457$27,376,765$139,959,122
93$168,038,508$42,904,767$28,191,272$153,688,289
94$185,072,589$44,901,253$29,029,833$168,798,316
95$203,840,812$46,992,234$29,893,152$185,429,318
96$224,519,955$49,182,233$30,781,952$203,735,671
97$247,304,822$51,475,995$31,696,980$223,887,467
98$272,410,087$53,878,491$32,639,001$246,072,117
99$300,072,314$56,394,936$33,608,806$270,496,112
100$330,552,195$59,030,793$34,607,206$297,386,974