Can I retire at age 67 with 12,700,000?

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 $12,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$995,120
2 years$519,185$509,516$500,145$491,059$482,246$464,575
3 years$342,685$332,974$323,627$314,626$305,956$288,762
4 years$254,453$244,771$235,517$226,670$218,211$201,624
5 years$201,527$191,904$182,771$174,105$165,880$149,950
6 years$166,255$156,704$147,706$139,233$131,255$115,999
7 years$141,070$131,600$122,745$114,471$106,746$92,167
8 years$122,190$112,805$104,097$96,027$88,556$74,652
9 years$107,513$98,217$89,659$81,794$74,577$61,340
10 years$95,779$86,574$78,167$70,507$63,543$50,962
11 years$86,184$77,071$68,817$61,362$54,649$42,710
12 years$78,195$69,175$61,073$53,823$47,358$36,045
13 years$71,439$62,514$54,565$47,517$41,297$30,593
14 years$65,654$56,824$49,027$42,181$36,201$26,086
15 years$60,645$51,909$44,264$37,618$31,874$22,330
16 years$56,266$47,626$40,132$33,683$28,170$19,177
17 years$52,406$43,862$36,519$30,264$24,978$16,514
18 years$48,979$40,530$33,337$27,274$22,209$14,253
19 years$45,916$37,563$30,518$24,644$19,795$12,326
20 years$43,163$34,905$28,008$22,320$17,682$10,678
21 years$40,676$32,513$25,762$20,257$15,823$9,263
22 years$38,417$30,350$23,744$18,418$14,183$8,046
23 years$36,358$28,385$21,923$16,774$12,732$6,996
24 years$34,474$26,595$20,275$15,299$11,443$6,088
25 years$32,743$24,958$18,779$13,972$10,297$5,303
26 years$31,147$23,457$17,417$12,775$9,276$4,622
27 years$29,672$22,076$16,173$11,693$8,363$4,031
28 years$28,306$20,802$15,035$10,713$7,546$3,517
29 years$27,035$19,624$13,991$9,824$6,814$3,070
30 years$25,852$18,533$13,032$9,016$6,157$2,681
31 years$24,747$17,520$12,150$8,281$5,566$2,342
32 years$23,713$16,577$11,336$7,610$5,035$2,047
33 years$22,744$15,699$10,584$6,998$4,557$1,789
34 years$21,834$14,879$9,889$6,439$4,126$1,564
35 years$20,977$14,112$9,246$5,927$3,737$1,368
36 years$20,171$13,395$8,649$5,459$3,386$1,196
37 years$19,409$12,722$8,095$5,030$3,068$1,046
38 years$18,689$12,090$7,581$4,636$2,782$915
39 years$18,008$11,497$7,103$4,275$2,523$801
40 years$17,363$10,938$6,657$3,943$2,288$701
41 years$16,751$10,412$6,242$3,638$2,076$613
42 years$16,169$9,916$5,856$3,357$1,884$537
43 years$15,616$9,448$5,495$3,099$1,710$470
44 years$15,089$9,006$5,158$2,861$1,552$411
45 years$14,588$8,588$4,843$2,643$1,409$360
46 years$14,109$8,193$4,549$2,441$1,279$315
47 years$13,653$7,818$4,273$2,255$1,161$276
48 years$13,216$7,464$4,016$2,084$1,055$242
49 years$12,799$7,127$3,775$1,926$958$211
50 years$12,400$6,808$3,549$1,780$870$185

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $12,700,000, adding $4,670 every year, while hoping to spend $35,217 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: 38/50/12 Blend
66$12,700,000$12,700,000$12,700,000$12,700,000
67$14,000,217$13,327,117$13,130,267$14,480,895
68$15,390,769$13,942,675$13,532,660$15,438,813
69$16,921,976$14,587,215$13,947,354$16,469,592
70$18,608,149$15,262,120$14,374,722$17,582,766
71$20,465,056$15,968,840$14,815,150$18,785,745
72$22,510,072$16,708,894$15,269,038$20,086,653
73$24,762,344$17,483,873$15,736,795$21,494,392
74$27,242,968$18,295,449$16,218,843$23,018,726
75$29,975,195$19,145,370$16,715,619$24,670,363
76$32,984,643$20,035,471$17,227,569$26,461,047
77$36,299,541$20,967,673$17,755,158$28,403,668
78$39,950,999$21,943,994$18,298,860$30,512,367
79$43,973,295$22,966,545$18,859,167$32,802,670
80$48,404,206$24,037,540$19,436,584$35,291,618
81$53,285,357$25,159,302$20,031,631$37,997,926
82$58,662,620$26,334,263$20,644,847$40,942,145
83$64,586,540$27,564,976$21,276,783$44,146,850
84$71,112,822$28,854,114$21,928,009$47,636,840
85$78,302,845$30,204,481$22,599,113$51,439,363
86$86,224,251$31,619,016$23,290,699$55,584,360
87$94,951,578$33,100,801$24,003,390$60,104,738
88$104,566,964$34,653,065$24,737,829$65,036,668
89$115,160,925$36,279,196$25,494,677$70,419,912
90$126,833,205$37,982,743$26,274,615$76,298,187
91$139,693,724$39,767,429$27,078,346$82,719,562
92$153,863,606$41,637,156$27,906,594$89,736,895
93$169,476,332$43,596,014$28,760,102$97,408,320
94$186,678,993$45,648,294$29,639,641$105,797,780
95$205,633,682$47,798,492$30,546,000$114,975,609
96$226,519,022$50,051,323$31,479,996$125,019,181
97$249,531,854$52,411,729$32,442,468$136,013,623
98$274,889,093$54,884,894$33,434,281$148,052,596
99$302,829,778$57,476,252$34,456,327$161,239,159
100$333,617,326$60,191,498$35,509,524$175,686,725