Can I retire at age 67 with 12,600,000?

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 $12,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$966,787
2 years$515,097$505,504$496,207$487,192$478,448$440,650
3 years$339,987$330,352$321,079$312,149$303,547$267,095
4 years$252,449$242,844$233,663$224,886$216,493$181,664
5 years$199,940$190,393$181,332$172,734$164,574$131,459
6 years$164,946$155,470$146,543$138,137$130,222$98,843
7 years$139,959$130,563$121,778$113,570$105,905$76,254
8 years$121,228$111,917$103,277$95,271$87,859$59,907
9 years$106,667$97,444$88,953$81,150$73,990$47,698
10 years$95,025$85,892$77,551$69,952$63,043$38,363
11 years$85,506$76,465$68,275$60,879$54,219$31,096
12 years$77,579$68,630$60,592$53,399$46,985$25,361
13 years$70,877$62,022$54,135$47,143$40,972$20,783
14 years$65,137$56,376$48,641$41,849$35,916$17,099
15 years$60,167$51,501$43,916$37,322$31,623$14,111
16 years$55,823$47,251$39,816$33,417$27,949$11,676
17 years$51,993$43,516$36,231$30,025$24,781$9,681
18 years$48,593$40,211$33,074$27,059$22,034$8,041
19 years$45,555$37,267$30,278$24,450$19,640$6,688
20 years$42,823$34,630$27,788$22,144$17,542$5,569
21 years$40,355$32,257$25,559$20,097$15,698$4,642
22 years$38,115$30,111$23,557$18,273$14,071$3,872
23 years$36,072$28,162$21,751$16,642$12,631$3,232
24 years$34,202$26,386$20,116$15,178$11,353$2,699
25 years$32,485$24,762$18,631$13,862$10,216$2,255
26 years$30,902$23,272$17,279$12,674$9,202$1,885
27 years$29,439$21,902$16,045$11,601$8,297$1,576
28 years$28,083$20,638$14,916$10,629$7,486$1,318
29 years$26,822$19,470$13,881$9,747$6,760$1,103
30 years$25,648$18,387$12,930$8,945$6,108$923
31 years$24,552$17,382$12,054$8,216$5,522$772
32 years$23,526$16,447$11,246$7,550$4,995$646
33 years$22,565$15,575$10,501$6,943$4,521$541
34 years$21,662$14,762$9,811$6,388$4,093$453
35 years$20,812$14,001$9,173$5,881$3,707$379
36 years$20,012$13,289$8,581$5,416$3,359$317
37 years$19,256$12,622$8,032$4,990$3,044$266
38 years$18,542$11,995$7,521$4,600$2,760$223
39 years$17,867$11,406$7,047$4,241$2,503$186
40 years$17,226$10,852$6,605$3,912$2,270$156
41 years$16,619$10,330$6,193$3,609$2,060$131
42 years$16,042$9,838$5,810$3,331$1,869$109
43 years$15,493$9,374$5,451$3,075$1,696$92
44 years$14,971$8,935$5,117$2,839$1,540$77
45 years$14,473$8,520$4,805$2,622$1,398$64
46 years$13,998$8,128$4,513$2,422$1,269$54
47 years$13,545$7,757$4,240$2,237$1,152$45
48 years$13,112$7,405$3,984$2,068$1,046$38
49 years$12,698$7,071$3,745$1,911$950$32
50 years$12,302$6,755$3,521$1,766$863$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $12,600,000, adding $3,538 every year, while hoping to spend $32,889 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: 75/11/14 Blend
66$12,600,000$12,600,000$12,600,000$12,600,000
67$13,888,849$13,221,049$13,025,749$14,889,091
68$15,270,518$13,833,887$13,427,118$16,163,175
69$16,792,015$14,475,652$13,840,831$17,554,701
70$18,467,568$15,147,726$14,267,266$19,078,895
71$20,312,854$15,851,558$14,706,813$20,748,939
72$22,345,150$16,588,669$15,159,876$22,579,345
73$24,583,491$17,360,651$15,626,868$24,586,091
74$27,048,857$18,169,172$16,108,218$26,786,768
75$29,764,362$19,015,983$16,604,365$29,200,749
76$32,755,479$19,902,918$17,115,763$31,849,364
77$36,050,277$20,831,900$17,642,880$34,756,100
78$39,679,687$21,804,945$18,186,199$37,946,827
79$43,677,794$22,824,167$18,746,216$41,450,029
80$48,082,158$23,891,779$19,323,442$45,297,081
81$52,934,167$25,010,106$19,918,407$49,522,534
82$58,279,432$26,181,581$20,531,653$54,164,445
83$64,168,212$27,408,756$21,163,741$59,264,729
84$70,655,892$28,694,308$21,815,249$64,869,556
85$77,803,505$30,041,041$22,486,772$71,029,777
86$85,678,307$31,451,896$23,178,924$77,801,408
87$94,354,413$32,929,957$23,892,336$85,246,153
88$103,913,494$34,478,456$24,627,660$93,431,981
89$114,445,551$36,100,782$25,385,568$102,433,766
90$126,049,765$37,800,487$26,166,752$112,333,990
91$138,835,427$39,581,298$26,971,924$123,223,517
92$152,922,977$41,447,118$27,801,820$135,202,447
93$168,445,138$43,402,043$28,657,198$148,381,057
94$185,548,164$45,450,366$29,538,837$162,880,836
95$204,393,231$47,596,588$30,447,542$178,835,630
96$225,157,948$49,845,428$31,384,142$196,392,900
97$248,038,039$52,201,835$32,349,491$215,715,105
98$273,249,190$54,670,996$33,344,470$236,981,236
99$301,029,084$57,258,350$34,369,985$260,388,496
100$331,639,643$59,969,602$35,426,973$286,154,160