Can I retire at age 65 with 12,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $12,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$990,949$982,122$973,510$965,105$956,897$936,046
2 years$490,569$481,432$472,578$463,993$455,665$434,764
3 years$323,797$314,621$305,789$297,285$289,093$268,793
4 years$240,428$231,280$222,536$214,177$206,183$186,641
5 years$190,419$181,326$172,697$164,508$156,737$138,008
6 years$157,091$148,067$139,565$131,559$124,021$106,124
7 years$133,294$124,346$115,979$108,162$100,862$83,802
8 years$115,455$106,588$98,360$90,734$83,675$67,445
9 years$101,588$92,804$84,717$77,285$70,466$55,054
10 years$90,500$81,802$73,858$66,621$60,041$45,431
11 years$81,434$72,823$65,024$57,980$51,637$37,811
12 years$73,885$65,362$57,707$50,856$44,748$31,684
13 years$67,502$59,068$51,557$44,898$39,021$26,696
14 years$62,035$53,692$46,324$39,856$34,205$22,594
15 years$57,302$49,048$41,825$35,544$30,117$19,194
16 years$53,165$45,001$37,920$31,826$26,618$16,356
17 years$49,518$41,444$34,506$28,595$23,601$13,974
18 years$46,279$38,296$31,499$25,770$20,985$11,965
19 years$43,385$35,493$28,836$23,286$18,704$10,263
20 years$40,784$32,981$26,464$21,090$16,707$8,818
21 years$38,434$30,721$24,342$19,140$14,951$7,586
22 years$36,300$28,677$22,435$17,403$13,401$6,533
23 years$34,354$26,821$20,715$15,849$12,030$5,632
24 years$32,574$25,129$19,158$14,455$10,813$4,859
25 years$30,938$23,583$17,744$13,201$9,730$4,196
26 years$29,430$22,164$16,457$12,071$8,764$3,625
27 years$28,037$20,859$15,281$11,049$7,902$3,133
28 years$26,745$19,655$14,206$10,123$7,130$2,710
29 years$25,545$18,542$13,220$9,283$6,438$2,344
30 years$24,427$17,511$12,314$8,519$5,817$2,029
31 years$23,383$16,554$11,480$7,824$5,259$1,756
32 years$22,406$15,663$10,711$7,191$4,757$1,521
33 years$21,490$14,834$10,001$6,613$4,305$1,317
34 years$20,630$14,059$9,344$6,084$3,898$1,141
35 years$19,821$13,335$8,736$5,601$3,531$988
36 years$19,059$12,656$8,172$5,158$3,199$856
37 years$18,339$12,021$7,649$4,753$2,899$742
38 years$17,659$11,424$7,163$4,381$2,629$643
39 years$17,016$10,863$6,711$4,039$2,384$558
40 years$16,406$10,335$6,290$3,725$2,162$483
41 years$15,827$9,838$5,898$3,437$1,961$419
42 years$15,278$9,370$5,533$3,172$1,780$363
43 years$14,755$8,927$5,192$2,928$1,615$315
44 years$14,258$8,510$4,873$2,704$1,466$273
45 years$13,784$8,115$4,576$2,497$1,331$237
46 years$13,332$7,741$4,298$2,307$1,209$205
47 years$12,900$7,387$4,038$2,131$1,097$178
48 years$12,488$7,052$3,794$1,969$997$154
49 years$12,094$6,735$3,567$1,820$905$134
50 years$11,716$6,433$3,353$1,682$822$116

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $12,000,000, adding $3,745 every year, while hoping to spend $54,782 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: 60/16/24 Blend
64$12,000,000$12,000,000$12,000,000$12,000,000
65$13,227,863$12,591,863$12,405,863$13,936,534
66$14,518,817$13,150,577$12,763,172$14,977,305
67$15,939,613$13,734,831$13,130,614$16,106,078
68$17,503,436$14,345,820$13,508,472$17,336,496
69$19,224,815$14,984,794$13,897,035$18,678,447
70$21,119,760$15,653,063$14,296,599$20,142,810
71$23,205,911$16,351,998$14,707,471$21,741,555
72$25,502,705$17,083,038$15,129,962$23,487,853
73$28,031,561$17,847,686$15,564,396$25,396,198
74$30,816,078$18,647,521$16,011,101$27,482,542
75$33,882,263$19,484,195$16,470,418$29,764,442
76$37,258,772$20,359,438$16,942,695$32,261,221
77$40,977,181$21,275,065$17,428,290$34,994,152
78$45,072,286$22,232,975$17,927,569$37,986,651
79$49,582,427$23,235,159$18,440,911$41,264,497
80$54,549,854$24,283,702$18,968,701$44,856,073
81$60,021,125$25,380,789$19,511,339$48,792,626
82$66,047,542$26,528,709$20,069,231$53,108,565
83$72,685,638$27,729,862$20,642,796$57,841,775
84$79,997,708$28,986,761$21,232,465$63,033,975
85$88,052,401$30,302,039$21,838,680$68,731,107
86$96,925,363$31,678,456$22,461,893$74,983,764
87$106,699,953$33,118,904$23,102,569$81,847,665
88$117,468,030$34,626,411$23,761,186$89,384,172
89$129,330,818$36,204,154$24,438,235$97,660,871
90$142,399,863$37,855,460$25,134,218$106,752,199
91$156,798,086$39,583,814$25,849,651$116,740,145
92$172,660,941$41,392,871$26,585,064$127,715,016
93$190,137,695$43,286,460$27,341,002$139,776,285
94$209,392,836$45,268,592$28,118,021$153,033,524
95$230,607,625$47,343,474$28,916,696$167,607,432
96$253,981,810$49,515,511$29,737,612$183,630,966
97$279,735,507$51,789,323$30,581,374$201,250,592
98$308,111,278$54,169,749$31,448,599$220,627,659
99$339,376,425$56,661,863$32,339,924$241,939,916
100$373,825,507$59,270,981$33,255,998$265,383,181