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%14.4%
1 years$1,007,465$998,491$989,735$981,190$972,845$955,157
2 years$498,745$489,456$480,454$471,726$463,260$445,502
3 years$329,194$319,865$310,886$302,239$293,911$276,638
4 years$244,435$235,135$226,245$217,746$209,620$192,964
5 years$193,593$184,348$175,575$167,250$159,350$143,358
6 years$159,709$150,534$141,891$133,751$126,088$110,779
7 years$135,516$126,419$117,912$109,964$102,543$87,922
8 years$117,379$108,364$99,999$92,246$85,069$71,131
9 years$103,281$94,350$86,129$78,573$71,641$58,377
10 years$92,008$83,165$75,089$67,731$61,042$48,441
11 years$82,791$74,037$66,107$58,946$52,498$40,546
12 years$75,116$66,452$58,669$51,704$45,493$34,174
13 years$68,627$60,053$52,416$45,647$39,671$28,967
14 years$63,069$54,586$47,096$40,520$34,776$24,667
15 years$58,257$49,866$42,522$36,137$30,619$21,086
16 years$54,051$45,751$38,552$32,357$27,061$18,083
17 years$50,343$42,135$35,081$29,072$23,994$15,549
18 years$47,051$38,934$32,024$26,200$21,335$13,401
19 years$44,109$36,084$29,317$23,674$19,016$11,573
20 years$41,464$33,531$26,906$21,441$16,986$10,010
21 years$39,074$31,233$24,748$19,459$15,200$8,670
22 years$36,905$29,155$22,809$17,693$13,625$7,519
23 years$34,927$27,268$21,060$16,113$12,230$6,528
24 years$33,116$25,548$19,477$14,696$10,993$5,672
25 years$31,453$23,976$18,040$13,421$9,892$4,933
26 years$29,921$22,533$16,731$12,272$8,910$4,292
27 years$28,504$21,206$15,536$11,233$8,033$3,737
28 years$27,191$19,983$14,443$10,292$7,249$3,256
29 years$25,971$18,851$13,440$9,438$6,545$2,838
30 years$24,834$17,803$12,519$8,661$5,914$2,474
31 years$23,772$16,830$11,671$7,955$5,347$2,158
32 years$22,779$15,925$10,889$7,311$4,837$1,882
33 years$21,848$15,081$10,167$6,723$4,377$1,643
34 years$20,974$14,293$9,500$6,186$3,963$1,434
35 years$20,152$13,557$8,882$5,694$3,590$1,252
36 years$19,376$12,867$8,309$5,244$3,252$1,093
37 years$18,645$12,221$7,777$4,832$2,948$954
38 years$17,954$11,614$7,283$4,454$2,672$833
39 years$17,299$11,044$6,823$4,106$2,423$728
40 years$16,679$10,508$6,395$3,788$2,198$636
41 years$16,091$10,002$5,997$3,495$1,994$556
42 years$15,532$9,526$5,625$3,225$1,809$485
43 years$15,001$9,076$5,278$2,977$1,642$424
44 years$14,495$8,651$4,955$2,749$1,491$371
45 years$14,013$8,250$4,652$2,539$1,353$324
46 years$13,554$7,870$4,370$2,345$1,229$283
47 years$13,115$7,511$4,105$2,166$1,116$247
48 years$12,696$7,170$3,858$2,002$1,013$216
49 years$12,295$6,847$3,626$1,850$920$189
50 years$11,911$6,540$3,409$1,710$836$165

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 $6,234 every year, while hoping to spend $43,380 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: 71/13/16 Blend
64$12,200,000$12,200,000$12,200,000$12,200,000
65$13,450,830$12,804,230$12,615,130$14,355,808
66$14,776,659$13,385,482$12,991,581$15,539,104
67$16,236,268$13,993,760$13,379,189$16,828,299
68$17,843,258$14,630,345$13,778,283$18,238,572
69$19,612,614$15,296,575$14,189,198$19,781,884
70$21,560,848$15,993,855$14,612,284$21,471,405
71$23,706,157$16,723,656$15,047,898$23,321,632
72$26,068,589$17,487,519$15,496,406$25,348,522
73$28,670,237$18,287,060$15,958,189$27,569,645
74$31,535,448$19,123,973$16,433,634$30,004,345
75$34,691,047$20,000,030$16,923,144$32,673,919
76$38,166,594$20,917,093$17,427,130$35,601,817
77$41,994,665$21,877,109$17,946,017$38,813,864
78$46,211,154$22,882,120$18,480,242$42,338,494
79$50,855,616$23,934,268$19,030,254$46,207,023
80$55,971,637$25,035,795$19,596,516$50,453,935
81$61,607,247$26,189,053$20,179,503$55,117,211
82$67,815,375$27,396,505$20,779,704$60,238,679
83$74,654,344$28,660,734$21,397,625$65,864,408
84$82,188,424$29,984,447$22,033,782$72,045,139
85$90,488,439$31,370,481$22,688,710$78,836,764
86$99,632,435$32,821,809$23,362,957$86,300,841
87$109,706,415$34,341,550$24,057,088$94,505,180
88$120,805,153$35,932,969$24,771,683$103,524,476
89$133,033,085$37,599,491$25,507,342$113,441,009
90$146,505,299$39,344,705$26,264,677$124,345,417
91$161,348,619$41,172,375$27,044,323$136,337,546
92$177,702,800$43,086,443$27,846,929$149,527,390
93$195,721,851$45,091,045$28,673,167$164,036,124
94$215,575,486$47,190,513$29,523,725$179,997,241
95$237,450,728$49,389,390$30,399,312$197,557,807
96$261,553,670$51,692,438$31,300,656$216,879,845
97$288,111,425$54,104,648$32,228,510$238,141,857
98$317,374,270$56,631,255$33,183,644$261,540,506
99$349,618,001$59,277,743$34,166,852$287,292,462
100$385,146,548$62,049,862$35,178,952$315,636,442