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%16.9%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$953,244
2 years$502,833$493,468$484,392$475,592$467,057$439,486
3 years$331,892$322,487$313,434$304,717$296,320$269,616
4 years$246,438$237,062$228,100$219,531$211,338$185,706
5 years$195,180$185,859$177,015$168,621$160,656$136,167
6 years$161,018$151,768$143,054$134,848$127,121$103,798
7 years$136,627$127,455$118,879$110,866$103,384$81,226
8 years$118,342$109,252$100,818$93,002$85,767$64,763
9 years$104,127$95,124$86,835$79,217$72,228$52,357
10 years$92,762$83,847$75,705$68,286$61,542$42,778
11 years$83,470$74,644$66,649$59,429$52,928$35,241
12 years$75,732$66,996$59,149$52,128$45,866$29,222
13 years$69,189$60,545$52,846$46,021$39,996$24,359
14 years$63,586$55,034$47,482$40,852$35,061$20,391
15 years$58,735$50,274$42,870$36,433$30,870$17,130
16 years$54,494$46,126$38,868$32,622$27,283$14,432
17 years$50,755$42,480$35,369$29,310$24,191$12,188
18 years$47,436$39,254$32,287$26,415$21,510$10,313
19 years$44,470$36,380$29,557$23,868$19,172$8,741
20 years$41,804$33,806$27,126$21,617$17,125$7,419
21 years$39,395$31,489$24,951$19,619$15,325$6,305
22 years$37,207$29,394$22,996$17,838$13,736$5,363
23 years$35,213$27,491$21,233$16,245$12,331$4,566
24 years$33,388$25,758$19,637$14,817$11,083$3,890
25 years$31,711$24,172$18,187$13,531$9,973$3,316
26 years$30,166$22,718$16,868$12,372$8,983$2,828
27 years$28,738$21,380$15,663$11,325$8,099$2,413
28 years$27,414$20,147$14,561$10,376$7,308$2,060
29 years$26,184$19,006$13,550$9,515$6,599$1,759
30 years$25,037$17,949$12,622$8,732$5,963$1,502
31 years$23,967$16,968$11,767$8,020$5,391$1,283
32 years$22,966$16,055$10,979$7,371$4,876$1,096
33 years$22,027$15,204$10,251$6,778$4,413$937
34 years$21,146$14,410$9,578$6,236$3,996$801
35 years$20,317$13,668$8,955$5,741$3,619$685
36 years$19,535$12,973$8,377$5,287$3,279$585
37 years$18,798$12,321$7,841$4,871$2,972$500
38 years$18,101$11,710$7,342$4,490$2,694$428
39 years$17,441$11,135$6,879$4,140$2,443$366
40 years$16,816$10,594$6,448$3,819$2,216$313
41 years$16,223$10,084$6,046$3,523$2,010$268
42 years$15,660$9,604$5,671$3,251$1,824$229
43 years$15,124$9,151$5,322$3,001$1,656$196
44 years$14,614$8,722$4,995$2,771$1,503$167
45 years$14,128$8,318$4,690$2,559$1,364$143
46 years$13,665$7,935$4,405$2,364$1,239$122
47 years$13,223$7,572$4,139$2,184$1,125$105
48 years$12,800$7,229$3,889$2,018$1,022$90
49 years$12,396$6,903$3,656$1,865$928$77
50 years$12,009$6,594$3,437$1,724$843$66

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 $5,004 every year, while hoping to spend $49,295 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: 87/5/8 Blend
64$12,300,000$12,300,000$12,300,000$12,300,000
65$13,559,762$12,907,862$12,717,212$14,728,278
66$14,890,408$13,487,897$13,090,789$16,070,740
67$16,355,128$14,094,703$13,475,228$17,538,793
68$17,967,545$14,729,537$13,870,843$19,150,848
69$19,742,671$15,393,721$14,277,952$20,921,393
70$21,697,046$16,088,636$14,696,887$22,866,387
71$23,848,898$16,815,732$15,127,985$25,003,408
72$26,218,308$17,576,526$15,571,596$27,351,820
73$28,827,409$18,372,609$16,028,078$29,932,952
74$31,700,585$19,205,648$16,497,799$32,770,303
75$34,864,708$20,077,387$16,981,138$35,889,758
76$38,349,387$20,989,658$17,478,485$39,319,834
77$42,187,251$21,944,378$17,990,240$43,091,946
78$46,414,253$22,943,554$18,516,816$47,240,704
79$51,070,012$23,989,294$19,058,634$51,804,238
80$56,198,185$25,083,802$19,616,131$56,824,556
81$61,846,882$26,229,390$20,189,753$62,347,940
82$68,069,116$27,428,481$20,779,961$68,425,382
83$74,923,303$28,683,614$21,387,228$75,113,060
84$82,473,818$29,997,450$22,012,038$82,472,874
85$90,791,599$31,372,776$22,654,892$90,573,021
86$99,954,814$32,812,515$23,316,304$99,488,642
87$110,049,606$34,319,729$23,996,801$109,302,528
88$121,170,898$35,897,627$24,696,925$120,105,900
89$133,423,292$37,549,574$25,417,236$131,999,267
90$146,922,060$39,279,094$26,158,304$145,093,377
91$161,794,223$41,089,883$26,920,721$159,510,254
92$178,179,760$42,985,814$27,705,091$175,384,353
93$196,232,921$44,970,944$28,512,038$192,863,827
94$216,123,688$47,049,529$29,342,199$212,111,918
95$238,039,376$49,226,028$30,196,235$233,308,503
96$262,186,402$51,505,113$31,074,819$256,651,784
97$288,792,236$53,891,685$31,978,646$282,360,159
98$318,107,544$56,390,877$32,908,431$310,674,280
99$350,408,556$59,008,073$33,864,906$341,859,324
100$385,999,674$61,748,914$34,848,825$376,207,492