Can I retire at age 67 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%12.6%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$978,060
2 years$506,921$497,480$488,330$479,459$470,854$460,047
3 years$334,590$325,109$315,982$307,194$298,729$288,184
4 years$248,442$238,989$229,954$221,316$213,056$202,854
5 years$196,766$187,371$178,454$169,992$161,962$152,132
6 years$162,327$153,002$144,217$135,944$128,155$118,710
7 years$137,738$128,491$119,845$111,767$104,224$95,168
8 years$119,304$110,140$101,638$93,759$86,464$77,796
9 years$104,974$95,897$87,541$79,861$72,815$64,532
10 years$93,517$84,529$76,320$68,841$62,042$54,139
11 years$84,149$75,251$67,191$59,913$53,358$45,828
12 years$76,348$67,541$59,630$52,551$46,239$39,073
13 years$69,752$61,037$53,276$46,395$40,322$33,512
14 years$64,103$55,481$47,869$41,184$35,346$28,883
15 years$59,212$50,683$43,219$36,729$31,121$24,996
16 years$54,937$46,501$39,184$32,887$27,505$21,706
17 years$51,168$42,826$35,656$29,549$24,388$18,904
18 years$47,822$39,573$32,549$26,629$21,684$16,506
19 years$44,832$36,676$29,797$24,062$19,328$14,442
20 years$42,144$34,081$27,347$21,793$17,264$12,660
21 years$39,715$31,745$25,154$19,778$15,449$11,116
22 years$37,510$29,633$23,183$17,983$13,848$9,773
23 years$35,499$27,715$21,405$16,377$12,431$8,603
24 years$33,659$25,967$19,796$14,937$11,173$7,581
25 years$31,969$24,369$18,335$13,641$10,054$6,687
26 years$30,411$22,903$17,005$12,473$9,056$5,903
27 years$28,972$21,554$15,791$11,417$8,165$5,214
28 years$27,637$20,310$14,680$10,460$7,368$4,609
29 years$26,397$19,160$13,661$9,592$6,653$4,076
30 years$25,241$18,095$12,724$8,803$6,011$3,607
31 years$24,162$17,106$11,863$8,085$5,435$3,193
32 years$23,153$16,186$11,068$7,431$4,916$2,827
33 years$22,207$15,328$10,334$6,833$4,449$2,504
34 years$21,318$14,527$9,656$6,287$4,028$2,219
35 years$20,482$13,779$9,027$5,787$3,648$1,967
36 years$19,694$13,078$8,445$5,330$3,306$1,744
37 years$18,951$12,421$7,904$4,911$2,996$1,546
38 years$18,248$11,805$7,402$4,527$2,716$1,371
39 years$17,583$11,225$6,935$4,174$2,463$1,216
40 years$16,953$10,680$6,500$3,850$2,234$1,079
41 years$16,355$10,166$6,095$3,552$2,027$957
42 years$15,787$9,682$5,717$3,278$1,839$849
43 years$15,247$9,225$5,365$3,026$1,669$754
44 years$14,733$8,793$5,036$2,794$1,515$669
45 years$14,243$8,385$4,729$2,580$1,375$594
46 years$13,776$7,999$4,441$2,383$1,249$527
47 years$13,330$7,634$4,172$2,202$1,134$468
48 years$12,904$7,287$3,921$2,035$1,030$415
49 years$12,497$6,959$3,685$1,880$935$369
50 years$12,107$6,648$3,465$1,738$850$327

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $12,400,000, adding $6,781 every year, while hoping to spend $44,282 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: 70/9/21 Blend
66$12,400,000$12,400,000$12,400,000$12,400,000
67$13,671,795$13,014,595$12,822,395$14,557,459
68$15,019,202$13,605,194$13,204,829$15,740,092
69$16,502,561$14,223,249$13,598,591$17,028,289
70$18,135,691$14,870,057$14,004,013$18,437,268
71$19,933,822$15,546,980$14,421,438$19,978,981
72$21,913,733$16,255,443$14,851,217$21,666,583
73$24,093,915$16,996,941$15,293,714$23,514,556
74$26,494,742$17,773,039$15,749,301$25,538,848
75$29,138,666$18,585,379$16,218,363$27,757,015
76$32,050,426$19,435,678$16,701,295$30,188,389
77$35,257,284$20,325,741$17,198,502$32,854,259
78$38,789,279$21,257,454$17,710,405$35,778,067
79$42,679,514$22,232,798$18,237,432$38,985,627
80$46,964,465$23,253,846$18,780,026$42,505,371
81$51,684,329$24,322,772$19,338,645$46,368,608
82$56,883,396$25,441,854$19,913,756$50,609,825
83$62,610,478$26,613,481$20,505,842$55,267,002
84$68,919,359$27,840,153$21,115,400$60,381,974
85$75,869,308$29,124,495$21,742,940$66,000,820
86$83,525,637$30,469,255$22,388,988$72,174,294
87$91,960,318$31,877,315$23,054,085$78,958,307
88$101,252,661$33,351,694$23,738,788$86,414,442
89$111,490,064$34,895,558$24,443,668$94,610,543
90$122,768,835$36,512,224$25,169,316$103,621,343
91$135,195,104$38,205,172$25,916,336$113,529,171
92$148,885,824$39,978,044$26,685,352$124,424,724
93$163,969,873$41,834,663$27,477,007$136,407,918
94$180,589,272$43,779,034$28,291,959$149,588,831
95$198,900,527$45,815,356$29,130,888$164,088,734
96$219,076,100$47,948,027$29,994,492$180,041,233
97$241,306,045$50,181,664$30,883,490$197,593,527
98$265,799,796$52,521,099$31,798,622$216,907,790
99$292,788,146$54,971,405$32,740,647$238,162,701
100$322,525,427$57,537,893$33,710,348$261,555,122