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%18.6%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$954,470
2 years$506,921$497,480$488,330$479,459$470,854$436,628
3 years$334,590$325,109$315,982$307,194$298,729$265,677
4 years$248,442$238,989$229,954$221,316$213,056$181,430
5 years$196,766$187,371$178,454$169,992$161,962$131,845
6 years$162,327$153,002$144,217$135,944$128,155$99,571
7 years$137,738$128,491$119,845$111,767$104,224$77,167
8 years$119,304$110,140$101,638$93,759$86,464$60,913
9 years$104,974$95,897$87,541$79,861$72,815$48,737
10 years$93,517$84,529$76,320$68,841$62,042$39,398
11 years$84,149$75,251$67,191$59,913$53,358$32,102
12 years$76,348$67,541$59,630$52,551$46,239$26,321
13 years$69,752$61,037$53,276$46,395$40,322$21,689
14 years$64,103$55,481$47,869$41,184$35,346$17,943
15 years$59,212$50,683$43,219$36,729$31,121$14,893
16 years$54,937$46,501$39,184$32,887$27,505$12,395
17 years$51,168$42,826$35,656$29,549$24,388$10,337
18 years$47,822$39,573$32,549$26,629$21,684$8,637
19 years$44,832$36,676$29,797$24,062$19,328$7,228
20 years$42,144$34,081$27,347$21,793$17,264$6,055
21 years$39,715$31,745$25,154$19,778$15,449$5,079
22 years$37,510$29,633$23,183$17,983$13,848$4,263
23 years$35,499$27,715$21,405$16,377$12,431$3,581
24 years$33,659$25,967$19,796$14,937$11,173$3,010
25 years$31,969$24,369$18,335$13,641$10,054$2,531
26 years$30,411$22,903$17,005$12,473$9,056$2,129
27 years$28,972$21,554$15,791$11,417$8,165$1,792
28 years$27,637$20,310$14,680$10,460$7,368$1,509
29 years$26,397$19,160$13,661$9,592$6,653$1,270
30 years$25,241$18,095$12,724$8,803$6,011$1,070
31 years$24,162$17,106$11,863$8,085$5,435$901
32 years$23,153$16,186$11,068$7,431$4,916$759
33 years$22,207$15,328$10,334$6,833$4,449$640
34 years$21,318$14,527$9,656$6,287$4,028$539
35 years$20,482$13,779$9,027$5,787$3,648$454
36 years$19,694$13,078$8,445$5,330$3,306$383
37 years$18,951$12,421$7,904$4,911$2,996$323
38 years$18,248$11,805$7,402$4,527$2,716$272
39 years$17,583$11,225$6,935$4,174$2,463$229
40 years$16,953$10,680$6,500$3,850$2,234$193
41 years$16,355$10,166$6,095$3,552$2,027$163
42 years$15,787$9,682$5,717$3,278$1,839$137
43 years$15,247$9,225$5,365$3,026$1,669$116
44 years$14,733$8,793$5,036$2,794$1,515$98
45 years$14,243$8,385$4,729$2,580$1,375$82
46 years$13,776$7,999$4,441$2,383$1,249$69
47 years$13,330$7,634$4,172$2,202$1,134$59
48 years$12,904$7,287$3,921$2,035$1,030$49
49 years$12,497$6,959$3,685$1,880$935$42
50 years$12,107$6,648$3,465$1,738$850$35

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 $6,798 every year, while hoping to spend $47,039 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: 34/41/25 Blend
64$12,400,000$12,400,000$12,400,000$12,400,000
65$13,671,812$13,014,612$12,822,412$14,032,557
66$15,016,288$13,602,279$13,201,914$14,890,712
67$16,496,324$14,217,165$13,592,552$15,810,739
68$18,125,697$14,860,554$13,994,651$16,801,942
69$19,919,588$15,533,792$14,408,542$17,870,676
70$21,894,727$16,238,288$14,834,569$19,023,901
71$24,069,545$16,975,520$15,273,083$20,269,252
72$26,464,353$17,747,035$15,724,445$21,615,096
73$29,101,532$18,554,455$16,189,030$23,070,615
74$32,005,745$19,399,481$16,667,219$24,645,878
75$35,204,168$20,283,891$17,159,408$26,351,936
76$38,726,745$21,209,554$17,666,000$28,200,916
77$42,606,475$22,178,425$18,187,413$30,206,131
78$46,879,721$23,192,552$18,724,076$32,382,197
79$51,586,550$24,254,085$19,276,430$34,745,165
80$56,771,116$25,365,273$19,844,929$37,312,664
81$62,482,074$26,528,476$20,430,038$40,104,059
82$68,773,039$27,746,165$21,032,238$43,140,626
83$75,703,094$29,020,932$21,652,023$46,445,743
84$83,337,343$30,355,490$22,289,899$50,045,104
85$91,747,530$31,752,688$22,946,389$53,966,948
86$101,012,714$33,215,505$23,622,029$58,242,319
87$111,220,015$34,747,070$24,317,371$62,905,345
88$122,465,438$36,350,657$25,032,984$67,993,554
89$134,854,774$38,029,701$25,769,451$73,548,212
90$148,504,605$39,787,800$26,527,371$79,614,703
91$163,543,400$41,628,728$27,307,364$86,242,943
92$180,112,729$43,556,438$28,110,063$93,487,842
93$198,368,599$45,575,075$28,936,121$101,409,802
94$218,482,925$47,688,983$29,786,210$110,075,280
95$240,645,155$49,902,715$30,661,020$119,557,395
96$265,064,058$52,221,044$31,561,261$129,936,604
97$291,969,691$54,648,974$32,487,662$141,301,447
98$321,615,575$57,191,750$33,440,975$153,749,361
99$354,281,086$59,854,868$34,421,970$167,387,589
100$390,274,092$62,644,092$35,431,441$182,334,164