Can I retire at age 67 with 12,800,000?

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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$999,673
2 years$523,273$513,528$504,083$494,925$486,043$464,964
3 years$345,384$335,596$326,175$317,104$308,366$287,883
4 years$256,456$246,699$237,372$228,455$219,929$200,200
5 years$203,114$193,415$184,210$175,476$167,186$148,267
6 years$167,564$157,938$148,869$140,329$132,289$114,200
7 years$142,181$132,636$123,711$115,372$107,586$90,331
8 years$123,152$113,693$104,917$96,783$89,253$72,826
9 years$108,360$98,991$90,365$82,438$75,164$59,555
10 years$96,533$87,255$78,782$71,062$64,044$49,236
11 years$86,863$77,678$69,359$61,845$55,080$41,056
12 years$78,810$69,720$61,554$54,247$47,731$34,469
13 years$72,002$63,006$54,994$47,892$41,622$29,101
14 years$66,171$57,271$49,413$42,513$36,486$24,680
15 years$61,122$52,318$44,613$37,914$32,125$21,010
16 years$56,709$48,001$40,448$33,948$28,392$17,942
17 years$52,819$44,207$36,806$30,502$25,174$15,362
18 years$49,365$40,849$33,599$27,488$22,384$13,182
19 years$46,278$37,859$30,759$24,838$19,951$11,333
20 years$43,503$35,180$28,229$22,496$17,821$9,758
21 years$40,996$32,769$25,965$20,416$15,948$8,414
22 years$38,720$30,589$23,931$18,563$14,295$7,263
23 years$36,645$28,609$22,096$16,906$12,832$6,276
24 years$34,745$26,805$20,435$15,419$11,534$5,428
25 years$33,000$25,155$18,927$14,082$10,378$4,698
26 years$31,392$23,642$17,554$12,875$9,349$4,068
27 years$29,906$22,249$16,300$11,785$8,428$3,525
28 years$28,528$20,966$15,153$10,798$7,605$3,056
29 years$27,248$19,779$14,101$9,902$6,867$2,650
30 years$26,055$18,679$13,135$9,087$6,205$2,299
31 years$24,942$17,658$12,245$8,346$5,610$1,996
32 years$23,900$16,708$11,425$7,670$5,075$1,732
33 years$22,923$15,822$10,668$7,053$4,592$1,504
34 years$22,006$14,996$9,967$6,490$4,158$1,306
35 years$21,143$14,224$9,319$5,974$3,766$1,134
36 years$20,329$13,500$8,717$5,502$3,412$986
37 years$19,562$12,822$8,159$5,069$3,093$856
38 years$18,837$12,186$7,641$4,673$2,804$744
39 years$18,150$11,587$7,159$4,308$2,543$647
40 years$17,500$11,024$6,710$3,974$2,306$562
41 years$16,882$10,494$6,292$3,666$2,092$488
42 years$16,296$9,994$5,902$3,384$1,898$424
43 years$15,739$9,523$5,538$3,123$1,723$369
44 years$15,208$9,077$5,198$2,884$1,564$321
45 years$14,703$8,656$4,881$2,663$1,420$279
46 years$14,220$8,257$4,584$2,460$1,289$242
47 years$13,760$7,880$4,307$2,273$1,171$211
48 years$13,320$7,522$4,047$2,100$1,063$183
49 years$12,900$7,184$3,804$1,941$965$159
50 years$12,497$6,862$3,577$1,794$877$139

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $12,800,000, adding $3,399 every year, while hoping to spend $33,633 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: 46/35/19 Blend
66$12,800,000$12,800,000$12,800,000$12,800,000
67$14,109,106$13,430,706$13,232,306$14,681,387
68$15,512,450$14,053,025$13,639,803$15,704,040
69$17,057,807$14,704,711$14,059,824$16,809,236
70$18,759,628$15,387,167$14,492,753$18,007,580
71$20,633,836$16,101,863$14,938,985$19,307,763
72$22,697,975$16,850,343$15,398,930$20,719,325
73$24,971,381$17,634,222$15,873,006$22,252,743
74$27,475,357$18,455,195$16,361,648$23,919,524
75$30,233,382$19,315,037$16,865,301$25,732,308
76$33,271,324$20,215,611$17,384,426$27,704,984
77$36,617,692$21,158,869$17,919,497$29,852,813
78$40,303,899$22,146,856$18,471,003$32,192,566
79$44,364,562$23,181,718$19,039,447$34,742,678
80$48,837,828$24,265,702$19,625,348$37,523,413
81$53,765,731$25,401,166$20,229,242$40,557,050
82$59,194,593$26,590,581$20,851,679$43,868,086
83$65,175,459$27,836,536$21,493,228$47,483,459
84$71,764,578$29,141,749$22,154,473$51,432,796
85$79,023,936$30,509,066$22,836,019$55,748,682
86$87,021,838$31,941,471$23,538,487$60,466,961
87$95,833,557$33,442,094$24,262,517$65,627,064
88$105,542,039$35,014,216$25,008,770$71,272,374
89$116,238,690$36,661,276$25,777,927$77,450,621
90$128,024,237$38,386,879$26,570,689$84,214,329
91$141,009,680$40,194,807$27,387,778$91,621,295
92$155,317,338$42,089,023$28,229,939$99,735,127
93$171,082,004$44,073,682$29,097,939$108,625,832
94$188,452,218$46,153,143$29,992,570$118,370,461
95$207,591,669$48,331,972$30,914,646$129,053,830
96$228,680,741$50,614,959$31,865,008$140,769,302
97$251,918,211$53,007,127$32,844,520$153,619,656
98$277,523,132$55,513,740$33,854,075$167,718,042
99$305,736,897$58,140,319$34,894,592$183,189,035
100$336,825,518$60,892,652$35,967,019$200,169,792