Can I retire at age 66 with 12,000,000?

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 $12,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$990,949$982,122$973,510$965,105$956,897$927,008
2 years$490,569$481,432$472,578$463,993$455,665$425,819
3 years$323,797$314,621$305,789$297,285$289,093$260,225
4 years$240,428$231,280$222,536$214,177$206,183$178,516
5 years$190,419$181,326$172,697$164,508$156,737$130,344
6 years$157,091$148,067$139,565$131,559$124,021$98,925
7 years$133,294$124,346$115,979$108,162$100,862$77,062
8 years$115,455$106,588$98,360$90,734$83,675$61,154
9 years$101,588$92,804$84,717$77,285$70,466$49,200
10 years$90,500$81,802$73,858$66,621$60,041$39,997
11 years$81,434$72,823$65,024$57,980$51,637$32,781
12 years$73,885$65,362$57,707$50,856$44,748$27,039
13 years$67,502$59,068$51,557$44,898$39,021$22,417
14 years$62,035$53,692$46,324$39,856$34,205$18,663
15 years$57,302$49,048$41,825$35,544$30,117$15,589
16 years$53,165$45,001$37,920$31,826$26,618$13,058
17 years$49,518$41,444$34,506$28,595$23,601$10,963
18 years$46,279$38,296$31,499$25,770$20,985$9,222
19 years$43,385$35,493$28,836$23,286$18,704$7,770
20 years$40,784$32,981$26,464$21,090$16,707$6,554
21 years$38,434$30,721$24,342$19,140$14,951$5,536
22 years$36,300$28,677$22,435$17,403$13,401$4,679
23 years$34,354$26,821$20,715$15,849$12,030$3,959
24 years$32,574$25,129$19,158$14,455$10,813$3,351
25 years$30,938$23,583$17,744$13,201$9,730$2,839
26 years$29,430$22,164$16,457$12,071$8,764$2,405
27 years$28,037$20,859$15,281$11,049$7,902$2,039
28 years$26,745$19,655$14,206$10,123$7,130$1,729
29 years$25,545$18,542$13,220$9,283$6,438$1,467
30 years$24,427$17,511$12,314$8,519$5,817$1,245
31 years$23,383$16,554$11,480$7,824$5,259$1,056
32 years$22,406$15,663$10,711$7,191$4,757$897
33 years$21,490$14,834$10,001$6,613$4,305$761
34 years$20,630$14,059$9,344$6,084$3,898$646
35 years$19,821$13,335$8,736$5,601$3,531$549
36 years$19,059$12,656$8,172$5,158$3,199$466
37 years$18,339$12,021$7,649$4,753$2,899$396
38 years$17,659$11,424$7,163$4,381$2,629$336
39 years$17,016$10,863$6,711$4,039$2,384$285
40 years$16,406$10,335$6,290$3,725$2,162$242
41 years$15,827$9,838$5,898$3,437$1,961$206
42 years$15,278$9,370$5,533$3,172$1,780$175
43 years$14,755$8,927$5,192$2,928$1,615$149
44 years$14,258$8,510$4,873$2,704$1,466$126
45 years$13,784$8,115$4,576$2,497$1,331$107
46 years$13,332$7,741$4,298$2,307$1,209$91
47 years$12,900$7,387$4,038$2,131$1,097$77
48 years$12,488$7,052$3,794$1,969$997$66
49 years$12,094$6,735$3,567$1,820$905$56
50 years$11,716$6,433$3,353$1,682$822$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $12,000,000, adding $2,858 every year, while hoping to spend $23,246 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: 64/26/10 Blend
65$12,000,000$12,000,000$12,000,000$12,000,000
66$13,226,948$12,590,948$12,404,948$14,044,569
67$14,551,363$13,183,171$12,795,780$15,182,820
68$16,010,090$13,803,634$13,198,926$16,422,584
69$17,616,802$14,453,695$13,614,774$17,776,107
70$19,386,571$15,134,781$14,043,724$19,254,449
71$21,336,001$15,848,385$14,486,188$20,869,769
72$23,483,390$16,596,074$14,942,593$22,635,446
73$25,848,904$17,379,489$15,413,378$24,566,194
74$28,454,762$18,200,353$15,898,995$26,678,200
75$31,325,449$19,060,472$16,399,913$28,989,276
76$34,487,947$19,961,738$16,916,613$31,519,016
77$37,971,991$20,906,136$17,449,592$34,288,985
78$41,810,345$21,895,747$17,999,364$37,322,911
79$46,039,114$22,932,753$18,566,457$40,646,909
80$50,698,088$24,019,443$19,151,418$44,289,721
81$55,831,111$25,158,214$19,754,809$48,282,984
82$61,486,500$26,351,582$20,377,210$52,661,519
83$67,717,498$27,602,184$21,019,222$57,463,659
84$74,582,778$28,912,786$21,681,461$62,731,604
85$82,146,997$30,286,288$22,364,565$68,511,811
86$90,481,404$31,725,730$23,069,191$74,855,429
87$99,664,517$33,234,299$23,796,019$81,818,774
88$109,782,858$34,815,341$24,545,746$89,463,853
89$120,931,775$36,472,358$25,319,094$97,858,944
90$133,216,341$38,209,029$26,116,808$107,079,231
91$146,752,343$40,029,206$26,939,656$117,207,508
92$161,667,376$41,936,932$27,788,429$128,334,950
93$178,102,052$43,936,444$28,663,945$140,561,967
94$196,211,319$46,032,188$29,567,045$153,999,142
95$216,165,931$48,228,823$30,498,599$168,768,263
96$238,154,057$50,531,237$31,459,503$185,003,470
97$262,383,057$52,944,553$32,450,683$202,852,501
98$289,081,440$55,474,147$33,473,091$222,478,085
99$318,501,020$58,125,653$34,527,713$244,059,459
100$350,919,295$60,904,981$35,615,562$267,794,054