Can I retire at age 67 with 12,900,000?

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 $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$1,022,610
2 years$527,361$517,540$508,021$498,792$489,840$483,732
3 years$348,082$338,218$328,723$319,581$310,775$304,802
4 years$258,460$248,626$239,226$230,240$221,647$215,856
5 years$204,701$194,926$185,649$176,846$168,493$162,900
6 years$168,873$159,172$150,032$141,425$133,322$127,935
7 years$143,292$133,672$124,678$116,274$108,427$103,248
8 years$124,114$114,582$105,736$97,539$89,951$84,980
9 years$109,207$99,764$91,071$83,082$75,751$70,988
10 years$97,287$87,937$79,398$71,617$64,544$59,986
11 years$87,542$78,285$69,900$62,328$55,510$51,154
12 years$79,426$70,265$62,035$54,670$48,104$43,946
13 years$72,564$63,499$55,424$48,266$41,947$37,983
14 years$66,688$57,718$49,799$42,845$36,771$32,996
15 years$61,600$52,727$44,962$38,210$32,376$28,786
16 years$57,152$48,376$40,764$34,213$28,614$25,203
17 years$53,231$44,552$37,094$30,740$25,371$22,134
18 years$49,750$41,168$33,862$27,703$22,559$19,490
19 years$46,639$38,154$30,999$25,032$20,107$17,202
20 years$43,843$35,455$28,449$22,671$17,960$15,212
21 years$41,316$33,025$26,168$20,576$16,072$13,475
22 years$39,022$30,828$24,118$18,708$14,407$11,955
23 years$36,931$28,832$22,268$17,038$12,932$10,620
24 years$35,017$27,014$20,595$15,539$11,624$9,445
25 years$33,258$25,351$19,075$14,192$10,460$8,409
26 years$31,638$23,826$17,691$12,976$9,422$7,493
27 years$30,140$22,423$16,427$11,877$8,494$6,682
28 years$28,751$21,129$15,271$10,882$7,665$5,963
29 years$27,461$19,933$14,211$9,979$6,921$5,325
30 years$26,259$18,825$13,237$9,158$6,254$4,758
31 years$25,136$17,796$12,341$8,411$5,654$4,253
32 years$24,086$16,838$11,514$7,730$5,114$3,804
33 years$23,102$15,946$10,751$7,108$4,628$3,403
34 years$22,178$15,113$10,045$6,540$4,190$3,046
35 years$21,308$14,335$9,391$6,021$3,795$2,727
36 years$20,488$13,606$8,785$5,545$3,439$2,442
37 years$19,715$12,922$8,223$5,109$3,117$2,187
38 years$18,984$12,281$7,700$4,709$2,826$1,960
39 years$18,292$11,678$7,214$4,342$2,562$1,756
40 years$17,636$11,111$6,762$4,005$2,324$1,574
41 years$17,014$10,576$6,341$3,695$2,109$1,411
42 years$16,424$10,072$5,948$3,410$1,913$1,265
43 years$15,862$9,597$5,581$3,148$1,736$1,134
44 years$15,327$9,148$5,239$2,907$1,576$1,017
45 years$14,817$8,723$4,919$2,684$1,431$912
46 years$14,332$8,322$4,620$2,479$1,299$818
47 years$13,868$7,941$4,341$2,291$1,180$734
48 years$13,424$7,581$4,079$2,117$1,071$659
49 years$13,001$7,240$3,834$1,956$973$591
50 years$12,595$6,916$3,605$1,808$884$530

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $12,900,000, adding $2,804 every year, while hoping to spend $56,171 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: 48/43/9 Blend
66$12,900,000$12,900,000$12,900,000$12,900,000
67$14,218,692$13,534,992$13,335,042$14,866,496
68$15,609,233$14,138,441$13,722,001$15,914,804
69$17,139,727$14,769,577$14,120,040$17,046,222
70$18,824,389$15,429,696$14,529,471$18,273,326
71$20,678,884$16,120,158$14,950,615$19,605,045
72$22,720,471$16,842,387$15,383,801$21,051,182
73$24,968,168$17,597,873$15,829,368$22,622,501
74$27,442,932$18,388,180$16,287,663$24,330,825
75$30,167,855$19,214,944$16,759,043$26,189,140
76$33,168,380$20,079,880$17,243,875$28,211,712
77$36,472,547$20,984,786$17,742,537$30,414,219
78$40,111,249$21,931,543$18,255,414$32,813,888
79$44,118,532$22,922,125$18,782,906$35,429,654
80$48,531,910$23,958,596$19,325,421$38,282,331
81$53,392,721$25,043,124$19,883,379$41,394,801
82$58,746,517$26,177,975$20,457,211$44,792,224
83$64,643,494$27,365,529$21,047,360$48,502,263
84$71,138,965$28,608,274$21,654,281$52,555,345
85$78,293,882$29,908,822$22,278,442$56,984,930
86$86,175,411$31,269,907$22,920,322$61,827,825
87$94,857,565$32,694,395$23,580,416$67,124,521
88$104,421,906$34,185,289$24,259,229$72,919,560
89$114,958,309$35,745,737$24,957,281$79,261,951
90$126,565,814$37,379,036$25,675,108$86,205,621
91$139,353,559$39,088,641$26,413,257$93,809,910
92$153,441,813$40,878,175$27,172,292$102,140,121
93$168,963,106$42,751,434$27,952,791$111,268,122
94$186,063,483$44,712,394$28,755,350$121,273,016
95$204,903,882$46,765,225$29,580,578$132,241,871
96$225,661,652$48,914,295$30,429,101$144,270,525
97$248,532,228$51,164,183$31,301,563$157,464,481
98$273,730,975$53,519,688$32,198,626$171,939,887
99$301,495,221$55,985,839$33,120,966$187,824,609
100$332,086,496$58,567,908$34,069,281$205,259,431