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

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 $12,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$949,937
2 years$506,921$497,480$488,330$479,459$470,854$432,182
3 years$334,590$325,109$315,982$307,194$298,729$261,460
4 years$248,442$238,989$229,954$221,316$213,056$177,473
5 years$196,766$187,371$178,454$169,992$161,962$128,155
6 years$162,327$153,002$144,217$135,944$128,155$96,147
7 years$137,738$128,491$119,845$111,767$104,224$74,004
8 years$119,304$110,140$101,638$93,759$86,464$58,001
9 years$104,974$95,897$87,541$79,861$72,815$46,067
10 years$93,517$84,529$76,320$68,841$62,042$36,957
11 years$84,149$75,251$67,191$59,913$53,358$29,879
12 years$76,348$67,541$59,630$52,551$46,239$24,303
13 years$69,752$61,037$53,276$46,395$40,322$19,862
14 years$64,103$55,481$47,869$41,184$35,346$16,295
15 years$59,212$50,683$43,219$36,729$31,121$13,410
16 years$54,937$46,501$39,184$32,887$27,505$11,063
17 years$51,168$42,826$35,656$29,549$24,388$9,146
18 years$47,822$39,573$32,549$26,629$21,684$7,573
19 years$44,832$36,676$29,797$24,062$19,328$6,280
20 years$42,144$34,081$27,347$21,793$17,264$5,213
21 years$39,715$31,745$25,154$19,778$15,449$4,332
22 years$37,510$29,633$23,183$17,983$13,848$3,602
23 years$35,499$27,715$21,405$16,377$12,431$2,997
24 years$33,659$25,967$19,796$14,937$11,173$2,495
25 years$31,969$24,369$18,335$13,641$10,054$2,078
26 years$30,411$22,903$17,005$12,473$9,056$1,732
27 years$28,972$21,554$15,791$11,417$8,165$1,443
28 years$27,637$20,310$14,680$10,460$7,368$1,203
29 years$26,397$19,160$13,661$9,592$6,653$1,003
30 years$25,241$18,095$12,724$8,803$6,011$837
31 years$24,162$17,106$11,863$8,085$5,435$698
32 years$23,153$16,186$11,068$7,431$4,916$582
33 years$22,207$15,328$10,334$6,833$4,449$486
34 years$21,318$14,527$9,656$6,287$4,028$405
35 years$20,482$13,779$9,027$5,787$3,648$338
36 years$19,694$13,078$8,445$5,330$3,306$282
37 years$18,951$12,421$7,904$4,911$2,996$236
38 years$18,248$11,805$7,402$4,527$2,716$197
39 years$17,583$11,225$6,935$4,174$2,463$164
40 years$16,953$10,680$6,500$3,850$2,234$137
41 years$16,355$10,166$6,095$3,552$2,027$114
42 years$15,787$9,682$5,717$3,278$1,839$95
43 years$15,247$9,225$5,365$3,026$1,669$80
44 years$14,733$8,793$5,036$2,794$1,515$66
45 years$14,243$8,385$4,729$2,580$1,375$55
46 years$13,776$7,999$4,441$2,383$1,249$46
47 years$13,330$7,634$4,172$2,202$1,134$39
48 years$12,904$7,287$3,921$2,035$1,030$32
49 years$12,497$6,959$3,685$1,880$935$27
50 years$12,107$6,648$3,465$1,738$850$22

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 $5,337 every year, while hoping to spend $44,737 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: 32/43/25 Blend
64$12,400,000$12,400,000$12,400,000$12,400,000
65$13,670,305$13,013,105$12,820,905$14,002,777
66$15,017,076$13,603,147$13,202,806$14,845,824
67$16,499,719$14,220,602$13,596,000$15,748,863
68$18,132,044$14,866,766$14,000,821$16,720,643
69$19,929,272$15,542,996$14,417,607$17,767,230
70$21,908,171$16,250,717$14,846,710$18,895,272
71$24,087,220$16,991,417$15,288,490$20,112,051
72$26,486,781$17,766,662$15,743,320$21,425,547
73$29,129,292$18,578,087$16,211,580$22,844,510
74$32,039,475$19,427,409$16,693,664$24,378,535
75$35,244,576$20,316,426$17,189,976$26,038,145
76$38,774,615$21,247,023$17,700,932$27,834,883
77$42,662,673$22,221,175$18,226,961$29,781,418
78$46,945,204$23,240,951$18,768,502$31,891,652
79$51,662,378$24,308,521$19,326,010$34,180,846
80$56,858,460$25,426,157$19,899,951$36,665,756
81$62,582,227$26,596,244$20,490,803$39,364,781
82$68,887,431$27,821,276$21,099,062$42,298,131
83$75,833,304$29,103,873$21,725,235$45,488,005
84$83,485,114$30,446,777$22,369,844$48,958,791
85$91,914,789$31,852,862$23,033,427$52,737,291
86$101,201,588$33,325,143$23,716,537$56,852,956
87$111,432,853$34,866,777$24,419,744$61,338,158
88$122,704,830$36,481,076$25,143,632$66,228,483
89$135,123,583$38,171,509$25,888,804$71,563,053
90$148,805,989$39,941,713$26,655,879$77,384,886
91$163,880,844$41,795,500$27,445,494$83,741,284
92$180,490,078$43,736,868$28,258,307$90,684,269
93$198,790,096$45,770,005$29,094,990$98,271,061
94$218,953,251$47,899,301$29,956,238$106,564,598
95$241,169,476$50,129,359$30,842,765$115,634,118
96$265,648,069$52,465,005$31,755,304$125,555,795
97$292,619,677$54,911,295$32,694,612$136,413,440
98$322,338,468$57,473,532$33,661,465$148,299,277
99$355,084,530$60,157,273$34,656,662$161,314,789
100$391,166,518$62,968,346$35,681,026$175,571,661