Can I retire at age 65 with 12,400,000?

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 $12,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$962,936
2 years$506,921$497,480$488,330$479,459$470,854$444,980
3 years$334,590$325,109$315,982$307,194$298,729$273,647
4 years$248,442$238,989$229,954$221,316$213,056$188,959
5 years$196,766$187,371$178,454$169,992$161,962$138,917
6 years$162,327$153,002$144,217$135,944$128,155$106,184
7 years$137,738$128,491$119,845$111,767$104,224$83,329
8 years$119,304$110,140$101,638$93,759$86,464$66,635
9 years$104,974$95,897$87,541$79,861$72,815$54,034
10 years$93,517$84,529$76,320$68,841$62,042$44,286
11 years$84,149$75,251$67,191$59,913$53,358$36,600
12 years$76,348$67,541$59,630$52,551$46,239$30,449
13 years$69,752$61,037$53,276$46,395$40,322$25,467
14 years$64,103$55,481$47,869$41,184$35,346$21,393
15 years$59,212$50,683$43,219$36,729$31,121$18,035
16 years$54,937$46,501$39,184$32,887$27,505$15,248
17 years$51,168$42,826$35,656$29,549$24,388$12,924
18 years$47,822$39,573$32,549$26,629$21,684$10,977
19 years$44,832$36,676$29,797$24,062$19,328$9,339
20 years$42,144$34,081$27,347$21,793$17,264$7,957
21 years$39,715$31,745$25,154$19,778$15,449$6,787
22 years$37,510$29,633$23,183$17,983$13,848$5,796
23 years$35,499$27,715$21,405$16,377$12,431$4,954
24 years$33,659$25,967$19,796$14,937$11,173$4,237
25 years$31,969$24,369$18,335$13,641$10,054$3,626
26 years$30,411$22,903$17,005$12,473$9,056$3,105
27 years$28,972$21,554$15,791$11,417$8,165$2,661
28 years$27,637$20,310$14,680$10,460$7,368$2,280
29 years$26,397$19,160$13,661$9,592$6,653$1,955
30 years$25,241$18,095$12,724$8,803$6,011$1,677
31 years$24,162$17,106$11,863$8,085$5,435$1,438
32 years$23,153$16,186$11,068$7,431$4,916$1,234
33 years$22,207$15,328$10,334$6,833$4,449$1,059
34 years$21,318$14,527$9,656$6,287$4,028$909
35 years$20,482$13,779$9,027$5,787$3,648$780
36 years$19,694$13,078$8,445$5,330$3,306$670
37 years$18,951$12,421$7,904$4,911$2,996$575
38 years$18,248$11,805$7,402$4,527$2,716$494
39 years$17,583$11,225$6,935$4,174$2,463$424
40 years$16,953$10,680$6,500$3,850$2,234$364
41 years$16,355$10,166$6,095$3,552$2,027$313
42 years$15,787$9,682$5,717$3,278$1,839$269
43 years$15,247$9,225$5,365$3,026$1,669$231
44 years$14,733$8,793$5,036$2,794$1,515$198
45 years$14,243$8,385$4,729$2,580$1,375$170
46 years$13,776$7,999$4,441$2,383$1,249$146
47 years$13,330$7,634$4,172$2,202$1,134$126
48 years$12,904$7,287$3,921$2,035$1,030$108
49 years$12,497$6,959$3,685$1,880$935$93
50 years$12,107$6,648$3,465$1,738$850$80

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $12,400,000, adding $2,910 every year, while hoping to spend $39,967 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: 52/41/7 Blend
64$12,400,000$12,400,000$12,400,000$12,400,000
65$13,667,802$13,010,602$12,818,402$14,355,047
66$15,019,393$13,605,597$13,205,294$15,416,890
67$16,507,507$14,228,407$13,603,807$16,566,435
68$18,146,027$14,880,353$14,014,288$17,815,569
69$19,950,250$15,562,819$14,437,096$19,173,679
70$21,937,035$16,277,256$14,872,598$20,651,075
71$24,124,955$17,025,184$15,321,172$22,259,083
72$26,534,478$17,808,196$15,783,209$24,010,147
73$29,188,159$18,627,962$16,259,112$25,917,936
74$32,110,852$19,486,233$16,749,292$27,997,477
75$35,329,943$20,384,842$17,254,177$30,265,283
76$38,875,610$21,325,712$17,774,205$32,739,506
77$42,781,108$22,310,858$18,309,827$35,440,102
78$47,083,083$23,342,392$18,861,508$38,389,012
79$51,821,916$24,422,528$19,429,727$41,610,363
80$57,042,105$25,553,585$20,014,977$45,130,688
81$62,792,686$26,737,997$20,617,764$48,979,169
82$69,127,693$27,978,312$21,238,613$53,187,904
83$76,106,670$29,277,202$21,878,059$57,792,204
84$83,795,234$30,637,468$22,536,657$62,830,913
85$92,265,690$32,062,046$23,214,978$68,346,770
86$101,597,718$33,554,014$23,913,607$74,386,800
87$111,879,122$35,116,598$24,633,150$81,002,751
88$123,206,661$36,753,179$25,374,228$88,251,568
89$135,686,957$38,467,302$26,137,482$96,195,922
90$149,437,511$40,262,684$26,923,571$104,904,791
91$164,587,801$42,143,219$27,733,175$114,454,096
92$181,280,512$44,112,993$28,566,992$124,927,409
93$199,672,880$46,176,284$29,425,741$136,416,725
94$219,938,174$48,337,583$30,310,164$149,023,320
95$242,267,336$50,601,593$31,221,023$162,858,688
96$266,870,780$52,973,246$32,159,103$178,045,584
97$293,980,379$55,457,715$33,125,212$194,719,163
98$323,851,653$58,060,418$34,120,182$213,028,240
99$356,766,184$60,787,041$35,144,870$233,136,679
100$393,034,269$63,643,540$36,200,158$255,224,921