Can I retire at age 65 with 12,300,000?

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$974,230
2 years$502,833$493,468$484,392$475,592$467,057$460,411
3 years$331,892$322,487$313,434$304,717$296,320$289,824
4 years$246,438$237,062$228,100$219,531$211,338$205,041
5 years$195,180$185,859$177,015$168,621$160,656$154,577
6 years$161,018$151,768$143,054$134,848$127,121$121,269
7 years$136,627$127,455$118,879$110,866$103,384$97,760
8 years$118,342$109,252$100,818$93,002$85,767$80,372
9 years$104,127$95,124$86,835$79,217$72,228$67,060
10 years$92,762$83,847$75,705$68,286$61,542$56,599
11 years$83,470$74,644$66,649$59,429$52,928$48,206
12 years$75,732$66,996$59,149$52,128$45,866$41,362
13 years$69,189$60,545$52,846$46,021$39,996$35,704
14 years$63,586$55,034$47,482$40,852$35,061$30,976
15 years$58,735$50,274$42,870$36,433$30,870$26,987
16 years$54,494$46,126$38,868$32,622$27,283$23,596
17 years$50,755$42,480$35,369$29,310$24,191$20,695
18 years$47,436$39,254$32,287$26,415$21,510$18,197
19 years$44,470$36,380$29,557$23,868$19,172$16,037
20 years$41,804$33,806$27,126$21,617$17,125$14,161
21 years$39,395$31,489$24,951$19,619$15,325$12,526
22 years$37,207$29,394$22,996$17,838$13,736$11,096
23 years$35,213$27,491$21,233$16,245$12,331$9,843
24 years$33,388$25,758$19,637$14,817$11,083$8,740
25 years$31,711$24,172$18,187$13,531$9,973$7,769
26 years$30,166$22,718$16,868$12,372$8,983$6,912
27 years$28,738$21,380$15,663$11,325$8,099$6,155
28 years$27,414$20,147$14,561$10,376$7,308$5,484
29 years$26,184$19,006$13,550$9,515$6,599$4,889
30 years$25,037$17,949$12,622$8,732$5,963$4,362
31 years$23,967$16,968$11,767$8,020$5,391$3,893
32 years$22,966$16,055$10,979$7,371$4,876$3,476
33 years$22,027$15,204$10,251$6,778$4,413$3,104
34 years$21,146$14,410$9,578$6,236$3,996$2,774
35 years$20,317$13,668$8,955$5,741$3,619$2,479
36 years$19,535$12,973$8,377$5,287$3,279$2,216
37 years$18,798$12,321$7,841$4,871$2,972$1,982
38 years$18,101$11,710$7,342$4,490$2,694$1,773
39 years$17,441$11,135$6,879$4,140$2,443$1,586
40 years$16,816$10,594$6,448$3,819$2,216$1,419
41 years$16,223$10,084$6,046$3,523$2,010$1,270
42 years$15,660$9,604$5,671$3,251$1,824$1,136
43 years$15,124$9,151$5,322$3,001$1,656$1,017
44 years$14,614$8,722$4,995$2,771$1,503$911
45 years$14,128$8,318$4,690$2,559$1,364$815
46 years$13,665$7,935$4,405$2,364$1,239$730
47 years$13,223$7,572$4,139$2,184$1,125$654
48 years$12,800$7,229$3,889$2,018$1,022$585
49 years$12,396$6,903$3,656$1,865$928$524
50 years$12,009$6,594$3,437$1,724$843$470

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $12,300,000, adding $6,229 every year, while hoping to spend $21,337 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: 45/49/6 Blend
64$12,300,000$12,300,000$12,300,000$12,300,000
65$13,561,025$12,909,125$12,718,475$14,148,542
66$14,921,547$13,518,970$13,121,842$15,163,799
67$16,420,128$14,157,982$13,538,006$16,261,262
68$18,070,826$14,827,568$13,967,374$17,450,695
69$19,889,134$15,529,203$14,410,365$18,740,566
70$21,892,124$16,264,433$14,867,411$20,140,162
71$24,098,611$17,034,879$15,338,959$21,659,675
72$26,529,323$17,842,243$15,825,468$23,310,287
73$29,207,107$18,688,306$16,327,415$25,104,272
74$32,157,137$19,574,937$16,845,288$27,055,106
75$35,407,153$20,504,097$17,379,593$29,177,585
76$38,987,725$21,477,841$17,930,852$31,487,956
77$42,932,540$22,498,322$18,499,603$34,004,066
78$47,278,721$23,567,802$19,086,401$36,745,520
79$52,067,175$24,688,648$19,691,819$39,733,857
80$57,342,980$25,863,345$20,316,449$42,992,746
81$63,155,814$27,094,499$20,960,900$46,548,197
82$69,560,418$28,384,841$21,625,801$50,428,801
83$76,617,117$29,737,234$22,311,802$54,665,985
84$84,392,388$31,154,684$23,019,572$59,294,301
85$92,959,487$32,640,339$23,749,803$64,351,738
86$102,399,140$34,197,501$24,503,208$69,880,071
87$112,800,309$35,829,635$25,280,521$75,925,241
88$124,261,025$37,540,372$26,082,504$82,537,775
89$136,889,319$39,333,520$26,909,937$89,773,253
90$150,804,240$41,213,073$27,763,630$97,692,814
91$166,136,978$43,183,218$28,644,417$106,363,719
92$183,032,102$45,248,348$29,553,157$115,859,971
93$201,648,927$47,413,068$30,490,739$126,262,997
94$222,163,016$49,682,206$31,458,077$137,662,397
95$244,767,838$52,060,829$32,456,117$150,156,775
96$269,676,593$54,554,246$33,485,833$163,854,647
97$297,124,229$57,168,027$34,548,231$178,875,449
98$327,369,653$59,908,013$35,644,350$195,350,639
99$360,698,181$62,780,329$36,775,259$213,424,922
100$397,424,229$65,791,398$37,942,063$233,257,586