Can I retire at age 66 with 12,100,000?

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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$999,207$990,306$981,623$973,147$964,871$958,389
2 years$494,657$485,444$476,516$467,859$459,462$452,925
3 years$326,495$317,243$308,337$299,762$291,502$285,111
4 years$242,431$233,207$224,391$215,962$207,902$201,707
5 years$192,006$182,837$174,136$165,879$158,043$152,064
6 years$158,400$149,300$140,728$132,655$125,054$119,297
7 years$134,405$125,382$116,946$109,063$101,703$96,170
8 years$116,417$107,476$99,179$91,490$84,372$79,065
9 years$102,434$93,577$85,423$77,929$71,054$65,970
10 years$91,254$82,484$74,474$67,176$60,541$55,679
11 years$82,113$73,430$65,565$58,463$52,067$47,423
12 years$74,500$65,907$58,188$51,280$45,121$40,689
13 years$68,064$59,561$51,987$45,273$39,346$35,124
14 years$62,552$54,139$46,710$40,188$34,490$30,472
15 years$57,780$49,457$42,173$35,841$30,368$26,548
16 years$53,608$45,376$38,236$32,091$26,839$23,213
17 years$49,930$41,789$34,793$28,834$23,798$20,358
18 years$46,665$38,615$31,762$25,985$21,160$17,901
19 years$43,747$35,788$29,077$23,480$18,860$15,777
20 years$41,124$33,256$26,685$21,265$16,846$13,931
21 years$38,754$30,977$24,545$19,300$15,076$12,323
22 years$36,602$28,916$22,622$17,548$13,513$10,916
23 years$34,641$27,044$20,887$15,981$12,130$9,683
24 years$32,845$25,339$19,317$14,576$10,903$8,598
25 years$31,196$23,779$17,892$13,311$9,811$7,643
26 years$29,676$22,349$16,594$12,171$8,837$6,800
27 years$28,271$21,033$15,409$11,141$7,968$6,055
28 years$26,968$19,819$14,324$10,207$7,189$5,395
29 years$25,758$18,697$13,330$9,360$6,492$4,810
30 years$24,630$17,657$12,416$8,590$5,866$4,291
31 years$23,578$16,692$11,576$7,890$5,303$3,829
32 years$22,593$15,794$10,800$7,251$4,797$3,419
33 years$21,669$14,957$10,084$6,668$4,341$3,054
34 years$20,802$14,176$9,422$6,135$3,931$2,729
35 years$19,986$13,446$8,809$5,647$3,560$2,439
36 years$19,218$12,762$8,241$5,201$3,226$2,180
37 years$18,492$12,121$7,713$4,792$2,924$1,950
38 years$17,806$11,519$7,223$4,417$2,650$1,744
39 years$17,158$10,954$6,767$4,073$2,403$1,560
40 years$16,543$10,421$6,343$3,757$2,180$1,396
41 years$15,959$9,920$5,948$3,466$1,978$1,249
42 years$15,405$9,448$5,579$3,199$1,795$1,118
43 years$14,878$9,002$5,235$2,953$1,629$1,001
44 years$14,377$8,581$4,914$2,726$1,478$896
45 years$13,899$8,182$4,614$2,518$1,342$802
46 years$13,443$7,806$4,334$2,326$1,219$718
47 years$13,008$7,449$4,071$2,149$1,107$643
48 years$12,592$7,111$3,826$1,985$1,005$576
49 years$12,194$6,791$3,596$1,835$913$516
50 years$11,814$6,487$3,381$1,696$829$462

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $12,100,000, adding $4,186 every year, while hoping to spend $50,940 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: 71/9/20 Blend
65$12,100,000$12,100,000$12,100,000$12,100,000
66$13,338,518$12,697,218$12,509,668$14,220,455
67$14,644,847$13,265,182$12,874,542$15,376,482
68$16,082,714$13,859,269$13,249,932$16,635,322
69$17,665,483$14,480,705$13,636,137$18,012,357
70$19,407,878$15,130,775$14,033,463$19,519,293
71$21,326,123$15,810,824$14,442,225$21,169,018
72$23,438,096$16,522,263$14,862,748$22,975,719
73$25,763,497$17,266,569$15,295,366$24,955,017
74$28,324,032$18,045,290$15,740,419$27,124,115
75$31,143,621$18,860,046$16,198,260$29,501,951
76$34,248,619$19,712,538$16,669,251$32,109,385
77$37,668,071$20,604,544$17,153,764$34,969,383
78$41,433,978$21,537,931$17,652,179$38,107,243
79$45,581,607$22,514,653$18,164,890$41,550,820
80$50,149,816$23,536,756$18,692,299$45,330,798
81$55,181,428$24,606,388$19,234,822$49,480,969
82$60,723,629$25,725,796$19,792,883$54,038,552
83$66,828,415$26,897,336$20,366,921$59,044,545
84$73,553,086$28,123,478$20,957,385$64,544,105
85$80,960,780$29,406,808$21,564,737$70,586,974
86$89,121,076$30,750,038$22,189,452$77,227,944
87$98,110,644$32,156,008$22,832,017$84,527,375
88$108,013,973$33,627,696$23,492,933$92,551,756
89$118,924,167$35,168,222$24,172,715$101,374,336
90$130,943,823$36,780,856$24,871,892$111,075,806
91$144,186,000$38,469,025$25,591,008$121,745,062
92$158,775,285$40,236,320$26,330,619$133,480,039
93$174,848,971$42,086,506$27,091,301$146,388,630
94$192,558,348$44,023,526$27,873,642$160,589,705
95$212,070,137$46,051,517$28,678,246$176,214,222
96$233,568,060$48,174,810$29,505,737$193,406,470
97$257,254,574$50,397,948$30,356,751$212,325,414
98$283,352,784$52,725,691$31,231,946$233,146,202
99$312,108,546$55,163,028$32,131,994$256,061,807
100$343,792,789$57,715,188$33,057,588$281,284,847