Can I retire at age 65 with 12,200,000?

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$1,007,465$998,491$989,735$981,190$972,845$961,885
2 years$498,745$489,456$480,454$471,726$463,260$452,226
3 years$329,194$319,865$310,886$302,239$293,911$283,147
4 years$244,435$235,135$226,245$217,746$209,620$199,207
5 years$193,593$184,348$175,575$167,250$159,350$149,320
6 years$159,709$150,534$141,891$133,751$126,088$116,452
7 years$135,516$126,419$117,912$109,964$102,543$93,306
8 years$117,379$108,364$99,999$92,246$85,069$76,230
9 years$103,281$94,350$86,129$78,573$71,641$63,196
10 years$92,008$83,165$75,089$67,731$61,042$52,986
11 years$82,791$74,037$66,107$58,946$52,498$44,824
12 years$75,116$66,452$58,669$51,704$45,493$38,194
13 years$68,627$60,053$52,416$45,647$39,671$32,736
14 years$63,069$54,586$47,096$40,520$34,776$28,196
15 years$58,257$49,866$42,522$36,137$30,619$24,384
16 years$54,051$45,751$38,552$32,357$27,061$21,160
17 years$50,343$42,135$35,081$29,072$23,994$18,416
18 years$47,051$38,934$32,024$26,200$21,335$16,068
19 years$44,109$36,084$29,317$23,674$19,016$14,049
20 years$41,464$33,531$26,906$21,441$16,986$12,306
21 years$39,074$31,233$24,748$19,459$15,200$10,797
22 years$36,905$29,155$22,809$17,693$13,625$9,486
23 years$34,927$27,268$21,060$16,113$12,230$8,344
24 years$33,116$25,548$19,477$14,696$10,993$7,347
25 years$31,453$23,976$18,040$13,421$9,892$6,475
26 years$29,921$22,533$16,731$12,272$8,910$5,711
27 years$28,504$21,206$15,536$11,233$8,033$5,041
28 years$27,191$19,983$14,443$10,292$7,249$4,453
29 years$25,971$18,851$13,440$9,438$6,545$3,935
30 years$24,834$17,803$12,519$8,661$5,914$3,479
31 years$23,772$16,830$11,671$7,955$5,347$3,077
32 years$22,779$15,925$10,889$7,311$4,837$2,722
33 years$21,848$15,081$10,167$6,723$4,377$2,409
34 years$20,974$14,293$9,500$6,186$3,963$2,133
35 years$20,152$13,557$8,882$5,694$3,590$1,889
36 years$19,376$12,867$8,309$5,244$3,252$1,673
37 years$18,645$12,221$7,777$4,832$2,948$1,482
38 years$17,954$11,614$7,283$4,454$2,672$1,314
39 years$17,299$11,044$6,823$4,106$2,423$1,164
40 years$16,679$10,508$6,395$3,788$2,198$1,032
41 years$16,091$10,002$5,997$3,495$1,994$915
42 years$15,532$9,526$5,625$3,225$1,809$811
43 years$15,001$9,076$5,278$2,977$1,642$719
44 years$14,495$8,651$4,955$2,749$1,491$638
45 years$14,013$8,250$4,652$2,539$1,353$565
46 years$13,554$7,870$4,370$2,345$1,229$501
47 years$13,115$7,511$4,105$2,166$1,116$445
48 years$12,696$7,170$3,858$2,002$1,013$394
49 years$12,295$6,847$3,626$1,850$920$350
50 years$11,911$6,540$3,409$1,710$836$310

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $12,200,000, adding $4,404 every year, while hoping to spend $47,428 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: 44/43/13 Blend
64$12,200,000$12,200,000$12,200,000$12,200,000
65$13,448,943$12,802,343$12,613,243$13,990,209
66$14,770,272$13,379,194$12,985,323$14,944,954
67$16,224,787$13,982,722$13,368,279$15,974,016
68$17,826,023$14,614,184$13,762,424$17,088,327
69$19,588,894$15,274,895$14,168,082$18,295,756
70$21,529,833$15,966,237$14,585,584$19,604,938
71$23,666,948$16,689,655$15,015,274$21,025,352
72$26,020,193$17,446,664$15,457,501$22,567,404
73$28,611,554$18,238,852$15,912,629$24,242,518
74$31,465,259$19,067,882$16,381,029$26,063,244
75$34,608,004$19,935,497$16,863,082$28,043,363
76$38,069,208$20,843,524$17,359,183$30,198,017
77$41,881,288$21,793,877$17,869,736$32,543,842
78$46,079,964$22,788,561$18,395,157$35,099,118
79$50,704,598$23,829,679$18,935,872$37,883,937
80$55,798,566$24,919,432$19,492,323$40,920,385
81$61,409,665$26,060,130$20,064,961$44,232,738
82$67,590,565$27,254,190$20,654,251$47,847,690
83$74,399,306$28,504,149$21,260,672$51,794,590
84$81,899,845$29,812,662$21,884,715$56,105,715
85$90,162,661$31,182,514$22,526,884$60,816,563
86$99,265,419$32,616,624$23,187,702$65,966,177
87$109,293,702$34,118,049$23,867,700$71,597,509
88$120,341,822$35,689,996$24,567,430$77,757,805
89$132,513,705$37,335,822$25,287,456$84,499,051
90$145,923,876$39,059,051$26,028,359$91,878,443
91$160,698,538$40,863,371$26,790,736$99,958,921
92$176,976,764$42,752,651$27,575,201$108,809,744
93$194,911,809$44,730,946$28,382,385$118,507,138
94$214,672,556$46,802,505$29,212,937$129,134,994
95$236,445,111$48,971,783$30,067,525$140,785,651
96$260,434,560$51,243,447$30,946,835$153,560,749
97$286,866,901$53,622,393$31,851,570$167,572,172
98$315,991,184$56,113,749$32,782,457$182,943,092
99$348,081,856$58,722,893$33,740,240$199,809,108
100$383,441,352$61,455,462$34,725,685$218,319,511