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%14.8%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$969,225
2 years$506,921$497,480$488,330$479,459$470,854$451,222
3 years$334,590$325,109$315,982$307,194$298,729$279,646
4 years$248,442$238,989$229,954$221,316$213,056$194,668
5 years$196,766$187,371$178,454$169,992$161,962$144,322
6 years$162,327$153,002$144,217$135,944$128,155$111,282
7 years$137,738$128,491$119,845$111,767$104,224$88,122
8 years$119,304$110,140$101,638$93,759$86,464$71,128
9 years$104,974$95,897$87,541$79,861$72,815$58,235
10 years$93,517$84,529$76,320$68,841$62,042$48,205
11 years$84,149$75,251$67,191$59,913$53,358$40,247
12 years$76,348$67,541$59,630$52,551$46,239$33,834
13 years$69,752$61,037$53,276$46,395$40,322$28,603
14 years$64,103$55,481$47,869$41,184$35,346$24,291
15 years$59,212$50,683$43,219$36,729$31,121$20,707
16 years$54,937$46,501$39,184$32,887$27,505$17,708
17 years$51,168$42,826$35,656$29,549$24,388$15,183
18 years$47,822$39,573$32,549$26,629$21,684$13,048
19 years$44,832$36,676$29,797$24,062$19,328$11,234
20 years$42,144$34,081$27,347$21,793$17,264$9,688
21 years$39,715$31,745$25,154$19,778$15,449$8,366
22 years$37,510$29,633$23,183$17,983$13,848$7,233
23 years$35,499$27,715$21,405$16,377$12,431$6,260
24 years$33,659$25,967$19,796$14,937$11,173$5,422
25 years$31,969$24,369$18,335$13,641$10,054$4,700
26 years$30,411$22,903$17,005$12,473$9,056$4,077
27 years$28,972$21,554$15,791$11,417$8,165$3,539
28 years$27,637$20,310$14,680$10,460$7,368$3,073
29 years$26,397$19,160$13,661$9,592$6,653$2,669
30 years$25,241$18,095$12,724$8,803$6,011$2,320
31 years$24,162$17,106$11,863$8,085$5,435$2,016
32 years$23,153$16,186$11,068$7,431$4,916$1,753
33 years$22,207$15,328$10,334$6,833$4,449$1,525
34 years$21,318$14,527$9,656$6,287$4,028$1,326
35 years$20,482$13,779$9,027$5,787$3,648$1,154
36 years$19,694$13,078$8,445$5,330$3,306$1,004
37 years$18,951$12,421$7,904$4,911$2,996$874
38 years$18,248$11,805$7,402$4,527$2,716$761
39 years$17,583$11,225$6,935$4,174$2,463$662
40 years$16,953$10,680$6,500$3,850$2,234$576
41 years$16,355$10,166$6,095$3,552$2,027$502
42 years$15,787$9,682$5,717$3,278$1,839$437
43 years$15,247$9,225$5,365$3,026$1,669$380
44 years$14,733$8,793$5,036$2,794$1,515$331
45 years$14,243$8,385$4,729$2,580$1,375$289
46 years$13,776$7,999$4,441$2,383$1,249$251
47 years$13,330$7,634$4,172$2,202$1,134$219
48 years$12,904$7,287$3,921$2,035$1,030$191
49 years$12,497$6,959$3,685$1,880$935$166
50 years$12,107$6,648$3,465$1,738$850$145

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 $2,689 every year, while hoping to spend $46,815 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: 35/45/20 Blend
64$12,400,000$12,400,000$12,400,000$12,400,000
65$13,667,574$13,010,374$12,818,174$14,062,468
66$15,011,855$13,598,071$13,197,772$14,940,232
67$16,491,685$14,212,997$13,588,517$15,882,146
68$18,120,838$14,856,435$13,990,734$16,897,488
69$19,914,496$15,529,733$14,404,756$17,992,818
70$21,889,385$16,234,300$14,830,926$19,175,324
71$24,063,936$16,971,615$15,269,596$20,452,885
72$26,458,459$17,743,226$15,721,129$21,834,142
73$29,095,334$18,550,755$16,185,898$23,328,568
74$31,999,220$19,395,905$16,664,288$24,946,559
75$35,197,292$20,280,455$17,156,693$26,699,517
76$38,719,493$21,206,275$17,663,520$28,599,958
77$42,598,819$22,175,320$18,185,185$30,661,618
78$46,871,629$23,189,641$18,722,119$32,899,577
79$51,577,990$24,251,388$19,274,765$35,330,397
80$56,762,051$25,362,812$19,843,575$37,972,261
81$62,472,463$26,526,273$20,429,019$40,845,147
82$68,762,840$27,744,246$21,031,576$43,970,999
83$75,692,258$29,019,322$21,651,742$47,373,929
84$83,325,818$30,354,219$22,290,025$51,080,436
85$91,735,259$31,751,783$22,946,949$55,119,640
86$100,999,635$33,215,000$23,623,051$59,523,554
87$111,206,059$34,746,997$24,318,885$64,327,368
88$122,450,530$36,351,052$25,035,020$69,569,773
89$134,838,832$38,030,602$25,772,041$75,293,315
90$148,487,539$39,789,247$26,530,550$81,544,780
91$163,525,111$41,630,763$27,311,167$88,375,626
92$180,093,108$43,559,107$28,114,527$95,842,451
93$198,347,527$45,578,425$28,941,286$104,007,517
94$218,460,272$47,693,065$29,792,116$112,939,319
95$240,620,777$49,907,582$30,667,709$122,713,215
96$265,037,797$52,226,755$31,568,778$133,412,124
97$291,941,375$54,655,588$32,496,055$145,127,290
98$321,585,014$57,199,331$33,450,291$157,959,120
99$354,248,071$59,863,484$34,432,262$172,018,121
100$390,238,393$62,653,814$35,442,762$187,425,915