Can I retire at age 66 with 12,400,000?

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 $12,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$966,460
2 years$506,921$497,480$488,330$479,459$470,854$448,473
3 years$334,590$325,109$315,982$307,194$298,729$277,000
4 years$248,442$238,989$229,954$221,316$213,056$192,146
5 years$196,766$187,371$178,454$169,992$161,962$141,929
6 years$162,327$153,002$144,217$135,944$128,155$109,021
7 years$137,738$128,491$119,845$111,767$104,224$85,992
8 years$119,304$110,140$101,638$93,759$86,464$69,127
9 years$104,974$95,897$87,541$79,861$72,815$56,360
10 years$93,517$84,529$76,320$68,841$62,042$46,451
11 years$84,149$75,251$67,191$59,913$53,358$38,611
12 years$76,348$67,541$59,630$52,551$46,239$32,311
13 years$69,752$61,037$53,276$46,395$40,322$27,188
14 years$64,103$55,481$47,869$41,184$35,346$22,980
15 years$59,212$50,683$43,219$36,729$31,121$19,495
16 years$54,937$46,501$39,184$32,887$27,505$16,589
17 years$51,168$42,826$35,656$29,549$24,388$14,152
18 years$47,822$39,573$32,549$26,629$21,684$12,100
19 years$44,832$36,676$29,797$24,062$19,328$10,364
20 years$42,144$34,081$27,347$21,793$17,264$8,890
21 years$39,715$31,745$25,154$19,778$15,449$7,636
22 years$37,510$29,633$23,183$17,983$13,848$6,567
23 years$35,499$27,715$21,405$16,377$12,431$5,652
24 years$33,659$25,967$19,796$14,937$11,173$4,869
25 years$31,969$24,369$18,335$13,641$10,054$4,197
26 years$30,411$22,903$17,005$12,473$9,056$3,620
27 years$28,972$21,554$15,791$11,417$8,165$3,124
28 years$27,637$20,310$14,680$10,460$7,368$2,698
29 years$26,397$19,160$13,661$9,592$6,653$2,330
30 years$25,241$18,095$12,724$8,803$6,011$2,013
31 years$24,162$17,106$11,863$8,085$5,435$1,740
32 years$23,153$16,186$11,068$7,431$4,916$1,504
33 years$22,207$15,328$10,334$6,833$4,449$1,300
34 years$21,318$14,527$9,656$6,287$4,028$1,125
35 years$20,482$13,779$9,027$5,787$3,648$973
36 years$19,694$13,078$8,445$5,330$3,306$841
37 years$18,951$12,421$7,904$4,911$2,996$728
38 years$18,248$11,805$7,402$4,527$2,716$630
39 years$17,583$11,225$6,935$4,174$2,463$545
40 years$16,953$10,680$6,500$3,850$2,234$472
41 years$16,355$10,166$6,095$3,552$2,027$408
42 years$15,787$9,682$5,717$3,278$1,839$353
43 years$15,247$9,225$5,365$3,026$1,669$306
44 years$14,733$8,793$5,036$2,794$1,515$265
45 years$14,243$8,385$4,729$2,580$1,375$229
46 years$13,776$7,999$4,441$2,383$1,249$198
47 years$13,330$7,634$4,172$2,202$1,134$172
48 years$12,904$7,287$3,921$2,035$1,030$149
49 years$12,497$6,959$3,685$1,880$935$129
50 years$12,107$6,648$3,465$1,738$850$111

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $12,400,000, adding $4,285 every year, while hoping to spend $48,890 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: 52/33/15 Blend
65$12,400,000$12,400,000$12,400,000$12,400,000
66$13,669,220$13,012,020$12,819,820$14,324,445
67$15,011,462$13,597,590$13,197,265$15,359,014
68$16,488,974$14,210,215$13,585,717$16,478,101
69$18,115,502$14,851,168$13,985,491$17,694,145
70$19,906,192$15,521,785$14,396,914$19,016,340
71$21,877,735$16,223,463$14,820,321$20,454,785
72$24,048,519$16,957,669$15,256,058$22,020,579
73$26,438,811$17,725,937$15,704,478$23,725,922
74$29,070,938$18,529,876$16,165,947$25,584,221
75$31,969,506$19,371,173$16,640,839$27,610,220
76$35,161,629$20,251,593$17,129,540$29,820,126
77$38,677,182$21,172,988$17,632,446$32,231,761
78$42,549,086$22,137,296$18,149,965$34,864,726
79$46,813,620$23,146,551$18,682,516$37,740,579
80$51,510,760$24,202,882$19,230,531$40,883,030
81$56,684,555$25,308,521$19,794,451$44,318,164
82$62,383,548$26,465,807$20,374,733$48,074,679
83$68,661,229$27,677,191$20,971,846$52,184,147
84$75,576,542$28,945,241$21,586,271$56,681,310
85$83,194,440$30,272,649$22,218,502$61,604,397
86$91,586,501$31,662,237$22,869,050$66,995,481
87$100,831,598$33,116,960$23,538,437$72,900,864
88$111,016,649$34,639,918$24,227,202$79,371,509
89$122,237,431$36,234,359$24,935,897$86,463,513
90$134,599,491$37,903,685$25,665,092$94,238,623
91$148,219,138$39,651,464$26,415,371$102,764,814
92$163,224,539$41,481,435$27,187,335$112,116,920
93$179,756,934$43,397,516$27,981,602$122,377,328
94$197,971,962$45,403,816$28,798,807$133,636,749
95$218,041,138$47,504,638$29,639,603$145,995,056
96$240,153,464$49,704,496$30,504,660$159,562,224
97$264,517,221$52,008,120$31,394,669$174,459,349
98$291,361,925$54,420,465$32,310,339$190,819,780
99$320,940,504$56,946,731$33,252,398$208,790,367
100$353,531,677$59,592,362$34,221,595$228,532,829