Can I retire at age 67 with 12,900,000?

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 $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$1,011,623
2 years$527,361$517,540$508,021$498,792$489,840$472,721
3 years$348,082$338,218$328,723$319,581$310,775$294,111
4 years$258,460$248,626$239,226$230,240$221,647$205,567
5 years$204,701$194,926$185,649$176,846$168,493$153,042
6 years$168,873$159,172$150,032$141,425$133,322$118,519
7 years$143,292$133,672$124,678$116,274$108,427$94,276
8 years$124,114$114,582$105,736$97,539$89,951$76,448
9 years$109,207$99,764$91,071$83,082$75,751$62,891
10 years$97,287$87,937$79,398$71,617$64,544$52,315
11 years$87,542$78,285$69,900$62,328$55,510$43,899
12 years$79,426$70,265$62,035$54,670$48,104$37,096
13 years$72,564$63,499$55,424$48,266$41,947$31,526
14 years$66,688$57,718$49,799$42,845$36,771$26,918
15 years$61,600$52,727$44,962$38,210$32,376$23,074
16 years$57,152$48,376$40,764$34,213$28,614$19,843
17 years$53,231$44,552$37,094$30,740$25,371$17,112
18 years$49,750$41,168$33,862$27,703$22,559$14,791
19 years$46,639$38,154$30,999$25,032$20,107$12,810
20 years$43,843$35,455$28,449$22,671$17,960$11,114
21 years$41,316$33,025$26,168$20,576$16,072$9,656
22 years$39,022$30,828$24,118$18,708$14,407$8,400
23 years$36,931$28,832$22,268$17,038$12,932$7,315
24 years$35,017$27,014$20,595$15,539$11,624$6,376
25 years$33,258$25,351$19,075$14,192$10,460$5,562
26 years$31,638$23,826$17,691$12,976$9,422$4,856
27 years$30,140$22,423$16,427$11,877$8,494$4,242
28 years$28,751$21,129$15,271$10,882$7,665$3,707
29 years$27,461$19,933$14,211$9,979$6,921$3,241
30 years$26,259$18,825$13,237$9,158$6,254$2,835
31 years$25,136$17,796$12,341$8,411$5,654$2,481
32 years$24,086$16,838$11,514$7,730$5,114$2,172
33 years$23,102$15,946$10,751$7,108$4,628$1,901
34 years$22,178$15,113$10,045$6,540$4,190$1,665
35 years$21,308$14,335$9,391$6,021$3,795$1,459
36 years$20,488$13,606$8,785$5,545$3,439$1,278
37 years$19,715$12,922$8,223$5,109$3,117$1,120
38 years$18,984$12,281$7,700$4,709$2,826$981
39 years$18,292$11,678$7,214$4,342$2,562$860
40 years$17,636$11,111$6,762$4,005$2,324$754
41 years$17,014$10,576$6,341$3,695$2,109$661
42 years$16,424$10,072$5,948$3,410$1,913$579
43 years$15,862$9,597$5,581$3,148$1,736$508
44 years$15,327$9,148$5,239$2,907$1,576$445
45 years$14,817$8,723$4,919$2,684$1,431$391
46 years$14,332$8,322$4,620$2,479$1,299$342
47 years$13,868$7,941$4,341$2,291$1,180$300
48 years$13,424$7,581$4,079$2,117$1,071$263
49 years$13,001$7,240$3,834$1,956$973$231
50 years$12,595$6,916$3,605$1,808$884$203

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $12,900,000, adding $4,467 every year, while hoping to spend $20,923 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: 57/25/18 Blend
66$12,900,000$12,900,000$12,900,000$12,900,000
67$14,220,408$13,536,708$13,336,758$14,963,093
68$15,648,627$14,177,744$13,761,277$16,109,354
69$17,221,824$14,849,491$14,199,317$17,355,249
70$18,954,764$15,553,429$14,651,307$18,712,525
71$20,863,717$16,291,115$15,117,694$20,191,892
72$22,966,614$17,064,177$15,598,934$21,805,125
73$25,283,212$17,874,326$16,095,502$23,565,172
74$27,835,285$18,723,353$16,607,887$25,486,270
75$30,646,825$19,613,137$17,136,591$27,584,075
76$33,744,270$20,545,650$17,682,136$29,875,810
77$37,156,756$21,522,957$18,245,058$32,380,417
78$40,916,388$22,547,225$18,825,911$35,118,734
79$45,058,546$23,620,726$19,425,266$38,113,686
80$49,622,219$24,745,843$20,043,713$41,390,498
81$54,650,369$25,925,072$20,681,860$44,976,925
82$60,190,340$27,161,035$21,340,336$48,903,511
83$66,294,306$28,456,477$22,019,789$53,203,867
84$73,019,760$29,814,279$22,720,887$57,914,987
85$80,430,058$31,237,461$23,444,319$63,077,590
86$88,595,019$32,729,191$24,190,798$68,736,493
87$97,591,580$34,292,791$24,961,059$74,941,032
88$107,504,526$35,931,743$25,755,860$81,745,518
89$118,427,289$37,649,699$26,575,982$89,209,744
90$130,462,828$39,450,491$27,422,234$97,399,536
91$143,724,605$41,338,133$28,295,447$106,387,373
92$158,337,653$43,316,840$29,196,483$116,253,057
93$174,439,755$45,391,026$30,126,226$127,084,460
94$192,182,749$47,565,325$31,085,594$138,978,342
95$211,733,957$49,844,595$32,075,529$152,041,254
96$233,277,769$52,233,928$33,097,008$166,390,536
97$257,017,378$54,738,667$34,151,034$182,155,410
98$283,176,704$57,364,415$35,238,647$199,478,192
99$312,002,503$60,117,047$36,360,917$218,515,619
100$343,766,700$63,002,723$37,518,949$239,440,318