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%15.2%
1 years$999,207$990,306$981,623$973,147$964,871$944,232
2 years$494,657$485,444$476,516$467,859$459,462$438,769
3 years$326,495$317,243$308,337$299,762$291,502$271,401
4 years$242,431$233,207$224,391$215,962$207,902$188,547
5 years$192,006$182,837$174,136$165,879$158,043$139,491
6 years$158,400$149,300$140,728$132,655$125,054$107,323
7 years$134,405$125,382$116,946$109,063$101,703$84,796
8 years$116,417$107,476$99,179$91,490$84,372$68,284
9 years$102,434$93,577$85,423$77,929$71,054$55,774
10 years$91,254$82,484$74,474$67,176$60,541$46,053
11 years$82,113$73,430$65,565$58,463$52,067$38,353
12 years$74,500$65,907$58,188$51,280$45,121$32,159
13 years$68,064$59,561$51,987$45,273$39,346$27,114
14 years$62,552$54,139$46,710$40,188$34,490$22,964
15 years$57,780$49,457$42,173$35,841$30,368$19,522
16 years$53,608$45,376$38,236$32,091$26,839$16,647
17 years$49,930$41,789$34,793$28,834$23,798$14,233
18 years$46,665$38,615$31,762$25,985$21,160$12,195
19 years$43,747$35,788$29,077$23,480$18,860$10,469
20 years$41,124$33,256$26,685$21,265$16,846$9,001
21 years$38,754$30,977$24,545$19,300$15,076$7,749
22 years$36,602$28,916$22,622$17,548$13,513$6,679
23 years$34,641$27,044$20,887$15,981$12,130$5,763
24 years$32,845$25,339$19,317$14,576$10,903$4,976
25 years$31,196$23,779$17,892$13,311$9,811$4,300
26 years$29,676$22,349$16,594$12,171$8,837$3,718
27 years$28,271$21,033$15,409$11,141$7,968$3,216
28 years$26,968$19,819$14,324$10,207$7,189$2,784
29 years$25,758$18,697$13,330$9,360$6,492$2,410
30 years$24,630$17,657$12,416$8,590$5,866$2,087
31 years$23,578$16,692$11,576$7,890$5,303$1,809
32 years$22,593$15,794$10,800$7,251$4,797$1,567
33 years$21,669$14,957$10,084$6,668$4,341$1,359
34 years$20,802$14,176$9,422$6,135$3,931$1,178
35 years$19,986$13,446$8,809$5,647$3,560$1,021
36 years$19,218$12,762$8,241$5,201$3,226$886
37 years$18,492$12,121$7,713$4,792$2,924$768
38 years$17,806$11,519$7,223$4,417$2,650$666
39 years$17,158$10,954$6,767$4,073$2,403$578
40 years$16,543$10,421$6,343$3,757$2,180$502
41 years$15,959$9,920$5,948$3,466$1,978$435
42 years$15,405$9,448$5,579$3,199$1,795$378
43 years$14,878$9,002$5,235$2,953$1,629$328
44 years$14,377$8,581$4,914$2,726$1,478$284
45 years$13,899$8,182$4,614$2,518$1,342$247
46 years$13,443$7,806$4,334$2,326$1,219$214
47 years$13,008$7,449$4,071$2,149$1,107$186
48 years$12,592$7,111$3,826$1,985$1,005$161
49 years$12,194$6,791$3,596$1,835$913$140
50 years$11,814$6,487$3,381$1,696$829$122

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 $4,941 every year, while hoping to spend $49,370 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: 73/14/13 Blend
64$12,100,000$12,100,000$12,100,000$12,100,000
65$13,339,297$12,697,997$12,510,447$14,276,163
66$14,647,376$13,267,669$12,877,017$15,466,310
67$16,087,224$13,863,601$13,254,213$16,762,949
68$17,672,230$14,487,027$13,642,339$18,181,872
69$19,417,146$15,139,240$14,041,706$19,735,179
70$21,338,228$15,821,595$14,452,636$21,436,189
71$23,453,386$16,535,513$14,875,458$23,299,564
72$25,782,359$17,282,480$15,310,513$25,341,446
73$28,346,894$18,064,056$15,758,150$27,579,607
74$31,170,955$18,881,873$16,218,726$30,033,613
75$34,280,950$19,737,642$16,692,611$32,725,009
76$37,705,977$20,633,157$17,180,184$35,677,516
77$41,478,101$21,570,295$17,681,834$38,917,259
78$45,632,653$22,551,026$18,197,961$42,473,005
79$50,208,570$23,577,412$18,728,979$46,376,432
80$55,248,753$24,651,614$19,275,309$50,662,430
81$60,800,481$25,775,899$19,837,387$55,369,422
82$66,915,850$26,952,638$20,415,659$60,539,727
83$73,652,269$28,184,319$21,010,586$66,219,956
84$81,073,000$29,473,550$21,622,640$72,461,446
85$89,247,753$30,823,061$22,252,305$79,320,743
86$98,253,348$32,235,715$22,900,082$86,860,135
87$108,174,437$33,714,513$23,566,482$95,148,228
88$119,104,304$35,262,598$24,252,033$104,260,599
89$131,145,743$36,883,266$24,957,277$114,280,500
90$144,412,032$38,579,969$25,682,769$125,299,640
91$159,028,000$40,356,328$26,429,082$137,419,046
92$175,131,203$42,216,135$27,196,804$150,750,016
93$192,873,227$44,163,367$27,986,538$165,415,157
94$212,421,115$46,202,191$28,798,905$181,549,546
95$233,958,944$48,336,973$29,634,544$199,301,992
96$257,689,564$50,572,293$30,494,109$218,836,441
97$283,836,512$52,912,947$31,378,274$240,333,514
98$312,646,120$55,363,967$32,287,731$263,992,210
99$344,389,845$57,930,621$33,223,190$290,031,772
100$379,366,825$60,618,438$34,185,383$318,693,756