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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.7%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$957,886
2 years$502,833$493,468$484,392$475,592$467,057$444,083
3 years$331,892$322,487$313,434$304,717$296,320$274,022
4 years$246,438$237,062$228,100$219,531$211,338$189,889
5 years$195,180$185,859$177,015$168,621$160,656$140,115
6 years$161,018$151,768$143,054$134,848$127,121$107,510
7 years$136,627$127,455$118,879$110,866$103,384$84,704
8 years$118,342$109,252$100,818$93,002$85,767$68,012
9 years$104,127$95,124$86,835$79,217$72,228$55,384
10 years$92,762$83,847$75,705$68,286$61,542$45,591
11 years$83,470$74,644$66,649$59,429$52,928$37,847
12 years$75,732$66,996$59,149$52,128$45,866$31,631
13 years$69,189$60,545$52,846$46,021$39,996$26,580
14 years$63,586$55,034$47,482$40,852$35,061$22,436
15 years$58,735$50,274$42,870$36,433$30,870$19,006
16 years$54,494$46,126$38,868$32,622$27,283$16,150
17 years$50,755$42,480$35,369$29,310$24,191$13,758
18 years$47,436$39,254$32,287$26,415$21,510$11,746
19 years$44,470$36,380$29,557$23,868$19,172$10,045
20 years$41,804$33,806$27,126$21,617$17,125$8,604
21 years$39,395$31,489$24,951$19,619$15,325$7,379
22 years$37,207$29,394$22,996$17,838$13,736$6,336
23 years$35,213$27,491$21,233$16,245$12,331$5,445
24 years$33,388$25,758$19,637$14,817$11,083$4,683
25 years$31,711$24,172$18,187$13,531$9,973$4,031
26 years$30,166$22,718$16,868$12,372$8,983$3,471
27 years$28,738$21,380$15,663$11,325$8,099$2,991
28 years$27,414$20,147$14,561$10,376$7,308$2,578
29 years$26,184$19,006$13,550$9,515$6,599$2,223
30 years$25,037$17,949$12,622$8,732$5,963$1,917
31 years$23,967$16,968$11,767$8,020$5,391$1,654
32 years$22,966$16,055$10,979$7,371$4,876$1,428
33 years$22,027$15,204$10,251$6,778$4,413$1,232
34 years$21,146$14,410$9,578$6,236$3,996$1,064
35 years$20,317$13,668$8,955$5,741$3,619$919
36 years$19,535$12,973$8,377$5,287$3,279$793
37 years$18,798$12,321$7,841$4,871$2,972$685
38 years$18,101$11,710$7,342$4,490$2,694$592
39 years$17,441$11,135$6,879$4,140$2,443$511
40 years$16,816$10,594$6,448$3,819$2,216$442
41 years$16,223$10,084$6,046$3,523$2,010$382
42 years$15,660$9,604$5,671$3,251$1,824$330
43 years$15,124$9,151$5,322$3,001$1,656$285
44 years$14,614$8,722$4,995$2,771$1,503$246
45 years$14,128$8,318$4,690$2,559$1,364$213
46 years$13,665$7,935$4,405$2,364$1,239$184
47 years$13,223$7,572$4,139$2,184$1,125$159
48 years$12,800$7,229$3,889$2,018$1,022$137
49 years$12,396$6,903$3,656$1,865$928$119
50 years$12,009$6,594$3,437$1,724$843$103

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 $2,466 every year, while hoping to spend $57,926 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: 46/36/18 Blend
64$12,300,000$12,300,000$12,300,000$12,300,000
65$13,557,144$12,905,244$12,714,594$14,111,040
66$14,878,340$13,475,968$13,078,900$15,068,611
67$16,332,356$14,072,716$13,453,469$16,100,855
68$17,932,679$14,696,702$13,838,583$17,219,517
69$19,694,170$15,349,198$14,234,533$18,432,665
70$21,633,202$16,031,536$14,641,617$19,749,157
71$23,767,818$16,745,110$15,060,140$21,178,724
72$26,117,897$17,491,382$15,490,416$22,732,052
73$28,705,346$18,271,883$15,932,768$24,420,886
74$31,554,302$19,088,216$16,387,527$26,258,128
75$34,691,364$19,942,062$16,855,032$28,257,960
76$38,145,840$20,835,179$17,335,633$30,435,967
77$41,950,024$21,769,412$17,829,685$32,809,283
78$46,139,505$22,746,692$18,337,558$35,396,747
79$50,753,496$23,769,041$18,859,628$38,219,071
80$55,835,209$24,838,580$19,396,281$41,299,032
81$61,432,259$25,957,530$19,947,916$44,661,681
82$67,597,117$27,128,216$20,514,939$48,334,570
83$74,387,602$28,353,078$21,097,768$52,348,008
84$81,867,427$29,634,668$21,696,832$56,735,337
85$90,106,801$30,975,663$22,312,573$61,533,240
86$99,183,091$32,378,867$22,945,441$66,782,078
87$109,181,553$33,847,219$23,595,900$72,526,267
88$120,196,135$35,383,796$24,264,426$78,814,680
89$132,330,363$36,991,824$24,951,506$85,701,107
90$145,698,320$38,674,683$25,657,642$93,244,749
91$160,425,722$40,435,916$26,383,346$101,510,767
92$176,651,103$42,279,234$27,129,146$110,570,886
93$194,527,125$44,208,525$27,895,582$120,504,064
94$214,222,016$46,227,867$28,683,208$131,397,221
95$235,921,159$48,341,530$29,492,593$143,346,051
96$259,828,843$50,553,990$30,324,320$156,455,911
97$286,170,187$52,869,939$31,178,987$170,842,801
98$315,193,271$55,294,290$32,057,208$186,634,449
99$347,171,472$57,832,198$32,959,611$203,971,497
100$382,406,047$60,489,060$33,886,843$223,008,820