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%11.2%
1 years$999,207$990,306$981,623$973,147$964,871$959,998
2 years$494,657$485,444$476,516$467,859$459,462$454,544
3 years$326,495$317,243$308,337$299,762$291,502$286,691
4 years$242,431$233,207$224,391$215,962$207,902$203,235
5 years$192,006$182,837$174,136$165,879$158,043$153,535
6 years$158,400$149,300$140,728$132,655$125,054$120,710
7 years$134,405$125,382$116,946$109,063$101,703$97,525
8 years$116,417$107,476$99,179$91,490$84,372$80,361
9 years$102,434$93,577$85,423$77,929$71,054$67,207
10 years$91,254$82,484$74,474$67,176$60,541$56,859
11 years$82,113$73,430$65,565$58,463$52,067$48,546
12 years$74,500$65,907$58,188$51,280$45,121$41,758
13 years$68,064$59,561$51,987$45,273$39,346$36,138
14 years$62,552$54,139$46,710$40,188$34,490$31,434
15 years$57,780$49,457$42,173$35,841$30,368$27,460
16 years$53,608$45,376$38,236$32,091$26,839$24,075
17 years$49,930$41,789$34,793$28,834$23,798$21,172
18 years$46,665$38,615$31,762$25,985$21,160$18,670
19 years$43,747$35,788$29,077$23,480$18,860$16,501
20 years$41,124$33,256$26,685$21,265$16,846$14,613
21 years$38,754$30,977$24,545$19,300$15,076$12,964
22 years$36,602$28,916$22,622$17,548$13,513$11,518
23 years$34,641$27,044$20,887$15,981$12,130$10,247
24 years$32,845$25,339$19,317$14,576$10,903$9,128
25 years$31,196$23,779$17,892$13,311$9,811$8,139
26 years$29,676$22,349$16,594$12,171$8,837$7,264
27 years$28,271$21,033$15,409$11,141$7,968$6,488
28 years$26,968$19,819$14,324$10,207$7,189$5,799
29 years$25,758$18,697$13,330$9,360$6,492$5,187
30 years$24,630$17,657$12,416$8,590$5,866$4,642
31 years$23,578$16,692$11,576$7,890$5,303$4,156
32 years$22,593$15,794$10,800$7,251$4,797$3,723
33 years$21,669$14,957$10,084$6,668$4,341$3,337
34 years$20,802$14,176$9,422$6,135$3,931$2,991
35 years$19,986$13,446$8,809$5,647$3,560$2,682
36 years$19,218$12,762$8,241$5,201$3,226$2,406
37 years$18,492$12,121$7,713$4,792$2,924$2,159
38 years$17,806$11,519$7,223$4,417$2,650$1,938
39 years$17,158$10,954$6,767$4,073$2,403$1,739
40 years$16,543$10,421$6,343$3,757$2,180$1,562
41 years$15,959$9,920$5,948$3,466$1,978$1,402
42 years$15,405$9,448$5,579$3,199$1,795$1,259
43 years$14,878$9,002$5,235$2,953$1,629$1,131
44 years$14,377$8,581$4,914$2,726$1,478$1,016
45 years$13,899$8,182$4,614$2,518$1,342$913
46 years$13,443$7,806$4,334$2,326$1,219$820
47 years$13,008$7,449$4,071$2,149$1,107$737
48 years$12,592$7,111$3,826$1,985$1,005$662
49 years$12,194$6,791$3,596$1,835$913$595
50 years$11,814$6,487$3,381$1,696$829$535

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 $4,667 every year, while hoping to spend $25,643 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: 70/10/20 Blend
64$12,100,000$12,100,000$12,100,000$12,100,000
65$13,339,014$12,697,714$12,510,164$14,207,157
66$14,672,309$13,292,618$12,901,971$15,381,717
67$16,140,742$13,915,813$13,306,043$16,663,432
68$17,758,067$14,568,658$13,722,766$18,065,731
69$19,539,446$15,252,578$14,152,534$19,600,538
70$21,501,582$15,969,066$14,595,756$21,280,982
71$23,662,883$16,719,690$15,052,854$23,121,512
72$26,043,632$17,506,091$15,524,260$25,138,039
73$28,666,184$18,329,990$16,010,423$27,348,078
74$31,555,167$19,193,192$16,511,805$29,770,914
75$34,737,725$20,097,590$17,028,882$32,427,782
76$38,243,768$21,045,167$17,562,145$35,342,064
77$42,106,256$22,038,003$18,112,100$38,539,509
78$46,361,509$23,078,280$18,679,269$42,048,470
79$51,049,550$24,168,283$19,264,192$45,900,173
80$56,214,485$25,310,410$19,867,424$50,129,008
81$61,904,917$26,507,174$20,489,537$54,772,849
82$68,174,404$27,761,212$21,131,122$59,873,409
83$75,081,968$29,075,285$21,792,789$65,476,634
84$82,692,647$30,452,292$22,475,166$71,633,127
85$91,078,113$31,895,271$23,178,900$78,398,631
86$100,317,347$33,407,406$23,904,660$85,834,542
87$110,497,385$34,992,038$24,653,135$94,008,494
88$121,714,139$36,652,668$25,425,035$102,994,986
89$134,073,301$38,392,968$26,221,094$112,876,088
90$147,691,343$40,216,790$27,042,066$123,742,206
91$162,696,617$42,128,169$27,888,732$135,692,934
92$179,230,563$44,131,340$28,761,896$148,837,990
93$197,449,046$46,230,742$29,662,385$163,298,246
94$217,523,829$48,431,028$30,591,055$179,206,864
95$239,644,192$50,737,081$31,548,787$196,710,550
96$264,018,719$53,154,017$32,536,491$215,970,931
97$290,877,268$55,687,204$33,555,104$237,166,075
98$320,473,142$58,342,270$34,605,592$260,492,171
99$353,085,476$61,125,115$35,688,953$286,165,369
100$389,021,877$64,041,927$36,806,215$314,423,819