Can I retire at age 67 with 12,300,000?

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$962,197
2 years$502,833$493,468$484,392$475,592$467,057$448,368
3 years$331,892$322,487$313,434$304,717$296,320$278,147
4 years$246,438$237,062$228,100$219,531$211,338$193,820
5 years$195,180$185,859$177,015$168,621$160,656$143,844
6 years$161,018$151,768$143,054$134,848$127,121$111,034
7 years$136,627$127,455$118,879$110,866$103,384$88,025
8 years$118,342$109,252$100,818$93,002$85,767$71,132
9 years$104,127$95,124$86,835$79,217$72,228$58,308
10 years$92,762$83,847$75,705$68,286$61,542$48,325
11 years$83,470$74,644$66,649$59,429$52,928$40,398
12 years$75,732$66,996$59,149$52,128$45,866$34,005
13 years$69,189$60,545$52,846$46,021$39,996$28,785
14 years$63,586$55,034$47,482$40,852$35,061$24,479
15 years$58,735$50,274$42,870$36,433$30,870$20,896
16 years$54,494$46,126$38,868$32,622$27,283$17,895
17 years$50,755$42,480$35,369$29,310$24,191$15,366
18 years$47,436$39,254$32,287$26,415$21,510$13,224
19 years$44,470$36,380$29,557$23,868$19,172$11,403
20 years$41,804$33,806$27,126$21,617$17,125$9,848
21 years$39,395$31,489$24,951$19,619$15,325$8,517
22 years$37,207$29,394$22,996$17,838$13,736$7,375
23 years$35,213$27,491$21,233$16,245$12,331$6,393
24 years$33,388$25,758$19,637$14,817$11,083$5,546
25 years$31,711$24,172$18,187$13,531$9,973$4,815
26 years$30,166$22,718$16,868$12,372$8,983$4,184
27 years$28,738$21,380$15,663$11,325$8,099$3,637
28 years$27,414$20,147$14,561$10,376$7,308$3,163
29 years$26,184$19,006$13,550$9,515$6,599$2,752
30 years$25,037$17,949$12,622$8,732$5,963$2,396
31 years$23,967$16,968$11,767$8,020$5,391$2,086
32 years$22,966$16,055$10,979$7,371$4,876$1,817
33 years$22,027$15,204$10,251$6,778$4,413$1,583
34 years$21,146$14,410$9,578$6,236$3,996$1,379
35 years$20,317$13,668$8,955$5,741$3,619$1,202
36 years$19,535$12,973$8,377$5,287$3,279$1,048
37 years$18,798$12,321$7,841$4,871$2,972$913
38 years$18,101$11,710$7,342$4,490$2,694$796
39 years$17,441$11,135$6,879$4,140$2,443$694
40 years$16,816$10,594$6,448$3,819$2,216$605
41 years$16,223$10,084$6,046$3,523$2,010$528
42 years$15,660$9,604$5,671$3,251$1,824$461
43 years$15,124$9,151$5,322$3,001$1,656$402
44 years$14,614$8,722$4,995$2,771$1,503$350
45 years$14,128$8,318$4,690$2,559$1,364$306
46 years$13,665$7,935$4,405$2,364$1,239$267
47 years$13,223$7,572$4,139$2,184$1,125$233
48 years$12,800$7,229$3,889$2,018$1,022$203
49 years$12,396$6,903$3,656$1,865$928$177
50 years$12,009$6,594$3,437$1,724$843$154

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $12,300,000, adding $6,645 every year, while hoping to spend $51,910 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: 35/49/16 Blend
66$12,300,000$12,300,000$12,300,000$12,300,000
67$13,561,454$12,909,554$12,718,904$13,969,045
68$14,889,491$13,486,891$13,089,756$14,843,389
69$16,351,247$14,090,777$13,471,291$15,780,796
70$17,960,308$14,722,458$13,863,813$16,791,126
71$19,731,642$15,383,242$14,267,633$17,880,875
72$21,681,743$16,074,494$14,683,072$19,057,160
73$23,828,784$16,797,647$15,110,459$20,327,783
74$26,192,792$17,554,204$15,550,131$21,701,295
75$28,795,833$18,345,736$16,002,437$23,187,073
76$31,662,223$19,173,892$16,467,733$24,795,402
77$34,818,755$20,040,398$16,946,387$26,537,564
78$38,294,953$20,947,062$17,438,776$28,425,939
79$42,123,350$21,895,781$17,945,287$30,474,114
80$46,339,797$22,888,539$18,466,320$32,697,003
81$50,983,798$23,927,419$19,002,283$35,110,979
82$56,098,883$25,014,600$19,553,596$37,734,024
83$61,733,020$26,152,367$20,120,694$40,585,885
84$67,939,069$27,343,114$20,704,018$43,688,252
85$74,775,278$28,589,350$21,304,026$47,064,959
86$82,305,832$29,893,704$21,921,187$50,742,191
87$90,601,463$31,258,931$22,555,982$54,748,723
88$99,740,111$32,687,918$23,208,907$59,116,185
89$109,807,666$34,183,690$23,880,469$63,879,343
90$120,898,775$35,749,417$24,571,192$69,076,418
91$133,117,735$37,388,424$25,281,612$74,749,436
92$146,579,479$39,104,191$26,012,280$80,944,606
93$161,410,658$40,900,369$26,763,764$87,712,749
94$177,750,839$42,780,781$27,536,644$95,109,757
95$195,753,823$44,749,437$28,331,519$103,197,111
96$215,589,091$46,810,537$29,149,003$112,042,440
97$237,443,410$48,968,486$29,989,727$121,720,150
98$261,522,593$51,227,897$30,854,338$132,312,102
99$288,053,442$53,593,608$31,743,503$143,908,368
100$317,285,886$56,070,688$32,657,904$156,608,068