Can I retire at age 65 with 12,100,000?

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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$999,207$990,306$981,623$973,147$964,871$935,484
2 years$494,657$485,444$476,516$467,859$459,462$430,107
3 years$326,495$317,243$308,337$299,762$291,502$263,100
4 years$242,431$233,207$224,391$215,962$207,902$180,670
5 years$192,006$182,837$174,136$165,879$158,043$132,056
6 years$158,400$149,300$140,728$132,655$125,054$100,334
7 years$134,405$125,382$116,946$109,063$101,703$78,248
8 years$116,417$107,476$99,179$91,490$84,372$62,169
9 years$102,434$93,577$85,423$77,929$71,054$50,077
10 years$91,254$82,484$74,474$67,176$60,541$40,762
11 years$82,113$73,430$65,565$58,463$52,067$33,450
12 years$74,500$65,907$58,188$51,280$45,121$27,628
13 years$68,064$59,561$51,987$45,273$39,346$22,936
14 years$62,552$54,139$46,710$40,188$34,490$19,121
15 years$57,780$49,457$42,173$35,841$30,368$15,995
16 years$53,608$45,376$38,236$32,091$26,839$13,418
17 years$49,930$41,789$34,793$28,834$23,798$11,282
18 years$46,665$38,615$31,762$25,985$21,160$9,504
19 years$43,747$35,788$29,077$23,480$18,860$8,019
20 years$41,124$33,256$26,685$21,265$16,846$6,775
21 years$38,754$30,977$24,545$19,300$15,076$5,731
22 years$36,602$28,916$22,622$17,548$13,513$4,852
23 years$34,641$27,044$20,887$15,981$12,130$4,111
24 years$32,845$25,339$19,317$14,576$10,903$3,486
25 years$31,196$23,779$17,892$13,311$9,811$2,957
26 years$29,676$22,349$16,594$12,171$8,837$2,510
27 years$28,271$21,033$15,409$11,141$7,968$2,131
28 years$26,968$19,819$14,324$10,207$7,189$1,810
29 years$25,758$18,697$13,330$9,360$6,492$1,538
30 years$24,630$17,657$12,416$8,590$5,866$1,307
31 years$23,578$16,692$11,576$7,890$5,303$1,111
32 years$22,593$15,794$10,800$7,251$4,797$945
33 years$21,669$14,957$10,084$6,668$4,341$803
34 years$20,802$14,176$9,422$6,135$3,931$683
35 years$19,986$13,446$8,809$5,647$3,560$581
36 years$19,218$12,762$8,241$5,201$3,226$494
37 years$18,492$12,121$7,713$4,792$2,924$421
38 years$17,806$11,519$7,223$4,417$2,650$358
39 years$17,158$10,954$6,767$4,073$2,403$304
40 years$16,543$10,421$6,343$3,757$2,180$259
41 years$15,959$9,920$5,948$3,466$1,978$220
42 years$15,405$9,448$5,579$3,199$1,795$187
43 years$14,878$9,002$5,235$2,953$1,629$160
44 years$14,377$8,581$4,914$2,726$1,478$136
45 years$13,899$8,182$4,614$2,518$1,342$116
46 years$13,443$7,806$4,334$2,326$1,219$98
47 years$13,008$7,449$4,071$2,149$1,107$84
48 years$12,592$7,111$3,826$1,985$1,005$71
49 years$12,194$6,791$3,596$1,835$913$61
50 years$11,814$6,487$3,381$1,696$829$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $12,100,000, adding $5,469 every year, while hoping to spend $33,232 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: 41/42/17 Blend
64$12,100,000$12,100,000$12,100,000$12,100,000
65$13,339,841$12,698,541$12,510,991$13,819,665
66$14,665,146$13,285,411$12,894,751$14,747,244
67$16,124,519$13,899,924$13,290,253$15,746,923
68$17,731,599$14,543,399$13,697,855$16,828,228
69$19,501,415$15,217,219$14,117,927$17,998,624
70$21,450,531$15,922,834$14,550,848$19,266,298
71$23,597,196$16,661,763$14,997,012$20,640,236
72$25,961,519$17,435,600$15,456,822$22,130,297
73$28,565,662$18,246,012$15,930,694$23,747,300
74$31,434,044$19,094,751$16,419,056$25,503,127
75$34,593,574$19,983,651$16,922,351$27,410,821
76$38,073,903$20,914,634$17,441,035$29,484,706
77$41,907,706$21,889,717$17,975,575$31,740,517
78$46,130,991$22,911,012$18,526,456$34,195,537
79$50,783,436$23,980,734$19,094,175$36,868,758
80$55,908,762$25,101,207$19,679,246$39,781,048
81$61,555,153$26,274,862$20,282,197$42,955,343
82$67,775,701$27,504,254$20,903,574$46,416,850
83$74,628,917$28,792,056$21,543,938$50,193,283
84$82,179,273$30,141,074$22,203,866$54,315,109
85$90,497,819$31,554,246$22,883,956$58,815,831
86$99,662,849$33,034,657$23,584,821$63,732,290
87$109,760,641$34,585,537$24,307,094$69,105,001
88$120,886,271$36,210,273$25,051,427$74,978,531
89$133,144,513$37,912,418$25,818,491$81,401,900
90$146,650,822$39,695,695$26,608,979$88,429,036
91$161,532,429$41,564,008$27,423,604$96,119,271
92$177,929,543$43,521,450$28,263,100$104,537,884
93$195,996,667$45,572,312$29,128,225$113,756,709
94$215,904,064$47,721,093$30,019,758$123,854,793
95$237,839,362$49,972,510$30,938,503$134,919,128
96$262,009,323$52,331,508$31,885,289$147,045,459
97$288,641,795$54,803,273$32,860,967$160,339,167
98$317,987,867$57,393,242$33,866,418$174,916,249
99$350,324,233$60,107,114$34,902,547$190,904,391
100$385,955,808$62,950,867$35,970,286$208,444,157