Can I retire at age 66 with 12,200,000?

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$1,007,465$998,491$989,735$981,190$972,845$945,876
2 years$498,745$489,456$480,454$471,726$463,260$436,289
3 years$329,194$319,865$310,886$302,239$293,911$267,785
4 years$244,435$235,135$226,245$217,746$209,620$184,538
5 years$193,593$184,348$175,575$167,250$159,350$135,381
6 years$159,709$150,534$141,891$133,751$126,088$103,256
7 years$135,516$126,419$117,912$109,964$102,543$80,848
8 years$117,379$108,364$99,999$92,246$85,069$64,499
9 years$103,281$94,350$86,129$78,573$71,641$52,176
10 years$92,008$83,165$75,089$67,731$61,042$42,656
11 years$82,791$74,037$66,107$58,946$52,498$35,163
12 years$75,116$66,452$58,669$51,704$45,493$29,177
13 years$68,627$60,053$52,416$45,647$39,671$24,337
14 years$63,069$54,586$47,096$40,520$34,776$20,388
15 years$58,257$49,866$42,522$36,137$30,619$17,139
16 years$54,051$45,751$38,552$32,357$27,061$14,450
17 years$50,343$42,135$35,081$29,072$23,994$12,211
18 years$47,051$38,934$32,024$26,200$21,335$10,341
19 years$44,109$36,084$29,317$23,674$19,016$8,771
20 years$41,464$33,531$26,906$21,441$16,986$7,451
21 years$39,074$31,233$24,748$19,459$15,200$6,336
22 years$36,905$29,155$22,809$17,693$13,625$5,394
23 years$34,927$27,268$21,060$16,113$12,230$4,596
24 years$33,116$25,548$19,477$14,696$10,993$3,918
25 years$31,453$23,976$18,040$13,421$9,892$3,343
26 years$29,921$22,533$16,731$12,272$8,910$2,853
27 years$28,504$21,206$15,536$11,233$8,033$2,437
28 years$27,191$19,983$14,443$10,292$7,249$2,082
29 years$25,971$18,851$13,440$9,438$6,545$1,779
30 years$24,834$17,803$12,519$8,661$5,914$1,521
31 years$23,772$16,830$11,671$7,955$5,347$1,300
32 years$22,779$15,925$10,889$7,311$4,837$1,112
33 years$21,848$15,081$10,167$6,723$4,377$951
34 years$20,974$14,293$9,500$6,186$3,963$813
35 years$20,152$13,557$8,882$5,694$3,590$696
36 years$19,376$12,867$8,309$5,244$3,252$595
37 years$18,645$12,221$7,777$4,832$2,948$510
38 years$17,954$11,614$7,283$4,454$2,672$436
39 years$17,299$11,044$6,823$4,106$2,423$373
40 years$16,679$10,508$6,395$3,788$2,198$319
41 years$16,091$10,002$5,997$3,495$1,994$273
42 years$15,532$9,526$5,625$3,225$1,809$234
43 years$15,001$9,076$5,278$2,977$1,642$200
44 years$14,495$8,651$4,955$2,749$1,491$171
45 years$14,013$8,250$4,652$2,539$1,353$147
46 years$13,554$7,870$4,370$2,345$1,229$126
47 years$13,115$7,511$4,105$2,166$1,116$108
48 years$12,696$7,170$3,858$2,002$1,013$92
49 years$12,295$6,847$3,626$1,850$920$79
50 years$11,911$6,540$3,409$1,710$836$67

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $12,200,000, adding $4,455 every year, while hoping to spend $36,133 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: 69/22/9 Blend
65$12,200,000$12,200,000$12,200,000$12,200,000
66$13,448,995$12,802,395$12,613,295$14,353,723
67$14,782,348$13,391,267$12,997,395$15,542,827
68$16,250,491$14,007,783$13,393,152$16,838,367
69$17,867,135$14,653,259$13,800,917$18,254,627
70$19,647,389$15,329,075$14,221,054$19,803,449
71$21,607,900$16,036,677$14,653,936$21,497,859
72$23,767,012$16,777,580$15,099,949$23,352,191
73$26,144,939$17,553,373$15,559,489$25,382,220
74$28,763,956$18,365,721$16,032,965$27,605,305
75$31,648,607$19,216,370$16,520,798$30,040,552
76$34,825,942$20,107,149$17,023,421$32,708,989
77$38,325,763$21,039,974$17,541,281$35,633,764
78$42,180,915$22,016,857$18,074,838$38,840,358
79$46,427,589$23,039,904$18,624,566$42,356,819
80$51,105,667$24,111,323$19,190,952$46,214,028
81$56,259,096$25,233,429$19,774,500$50,445,983
82$61,936,306$26,408,649$20,375,728$55,090,118
83$68,190,662$27,639,526$20,995,168$60,187,647
84$75,080,974$28,928,727$21,633,371$65,783,954
85$82,672,046$30,279,047$22,290,901$71,929,012
86$91,035,291$31,693,416$22,968,342$78,677,855
87$100,249,404$33,174,907$23,666,295$86,091,084
88$110,401,104$34,726,738$24,385,377$94,235,441
89$121,585,955$36,352,287$25,126,225$103,184,427
90$133,909,265$38,055,091$25,889,496$113,018,996
91$147,487,081$39,838,862$26,675,865$123,828,307
92$162,447,285$41,707,488$27,486,029$135,710,560
93$178,930,800$43,665,047$28,320,703$148,773,919
94$197,092,921$45,715,814$29,180,626$163,137,523
95$217,104,781$47,864,271$30,066,559$178,932,603
96$239,154,965$50,115,116$30,979,285$196,303,712
97$263,451,290$52,473,276$31,919,610$215,410,083
98$290,222,770$54,943,915$32,888,365$236,427,122
99$319,721,774$57,532,448$33,886,407$259,548,055
100$352,226,409$60,244,551$34,914,615$284,985,743