Can I retire at age 65 with 12,500,000?

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 $12,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$967,185
2 years$511,009$501,492$492,268$483,326$474,651$445,092
3 years$337,289$327,731$318,530$309,671$301,138$272,529
4 years$250,446$240,917$231,808$223,101$214,774$187,334
5 years$198,353$188,882$179,893$171,363$163,268$137,071
6 years$163,636$154,236$145,380$137,040$129,188$104,259
7 years$138,848$129,527$120,812$112,668$105,065$81,402
8 years$120,266$111,029$102,458$94,515$87,161$64,750
9 years$105,820$96,670$88,247$80,506$73,402$52,220
10 years$94,271$85,210$76,936$69,397$62,543$42,559
11 years$84,827$75,858$67,733$60,396$53,789$34,971
12 years$76,963$68,086$60,111$52,975$46,612$28,922
13 years$70,314$61,530$53,705$46,769$40,647$24,043
14 years$64,620$55,929$48,255$41,516$35,631$20,072
15 years$59,690$51,092$43,567$37,025$31,372$16,814
16 years$55,380$46,876$39,500$33,152$27,727$14,125
17 years$51,581$43,171$35,944$29,787$24,584$11,894
18 years$48,208$39,892$32,812$26,844$21,859$10,034
19 years$45,193$36,971$30,038$24,256$19,484$8,479
20 years$42,484$34,356$27,567$21,968$17,403$7,175
21 years$40,035$32,001$25,356$19,938$15,574$6,078
22 years$37,812$29,872$23,370$18,128$13,960$5,154
23 years$35,786$27,938$21,578$16,509$12,531$4,374
24 years$33,931$26,176$19,956$15,058$11,263$3,715
25 years$32,227$24,565$18,483$13,752$10,135$3,157
26 years$30,657$23,087$17,142$12,574$9,129$2,684
27 years$29,205$21,728$15,918$11,509$8,231$2,282
28 years$27,860$20,474$14,798$10,545$7,427$1,942
29 years$26,609$19,315$13,771$9,670$6,706$1,653
30 years$25,445$18,241$12,827$8,874$6,060$1,407
31 years$24,357$17,244$11,958$8,150$5,478$1,198
32 years$23,340$16,316$11,157$7,490$4,956$1,020
33 years$22,386$15,452$10,418$6,888$4,485$869
34 years$21,490$14,645$9,734$6,338$4,061$740
35 years$20,647$13,890$9,100$5,834$3,678$631
36 years$19,853$13,184$8,513$5,373$3,332$537
37 years$19,103$12,522$7,968$4,951$3,020$458
38 years$18,395$11,900$7,462$4,563$2,738$390
39 years$17,725$11,316$6,991$4,207$2,483$333
40 years$17,089$10,766$6,552$3,881$2,252$283
41 years$16,487$10,248$6,144$3,580$2,043$242
42 years$15,914$9,760$5,763$3,304$1,854$206
43 years$15,370$9,299$5,408$3,050$1,683$175
44 years$14,852$8,864$5,077$2,816$1,527$150
45 years$14,358$8,453$4,767$2,601$1,387$127
46 years$13,887$8,064$4,477$2,403$1,259$109
47 years$13,438$7,695$4,206$2,220$1,143$93
48 years$13,008$7,346$3,953$2,051$1,038$79
49 years$12,597$7,015$3,715$1,896$943$67
50 years$12,204$6,701$3,493$1,752$856$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $12,500,000, adding $6,723 every year, while hoping to spend $58,073 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: 38/35/27 Blend
64$12,500,000$12,500,000$12,500,000$12,500,000
65$13,781,935$13,119,435$12,925,685$14,194,521
66$15,125,903$13,700,498$13,296,906$15,078,710
67$16,605,009$14,308,087$13,678,617$16,027,817
68$18,232,977$14,943,440$14,071,107$17,052,468
69$20,024,927$15,607,854$14,474,675$18,159,552
70$21,997,519$16,302,689$14,889,626$19,356,633
71$24,169,112$17,029,367$15,316,275$20,652,006
72$26,559,935$17,789,379$15,754,944$22,054,781
73$29,192,277$18,584,287$16,205,963$23,574,959
74$32,090,700$19,415,728$16,669,674$25,223,519
75$35,282,268$20,285,415$17,146,424$27,012,522
76$38,796,802$21,195,144$17,636,572$28,955,216
77$42,667,165$22,146,795$18,140,487$31,066,155
78$46,929,567$23,142,339$18,658,544$33,361,332
79$51,623,911$24,183,841$19,191,133$35,858,322
80$56,794,164$25,273,464$19,738,651$38,576,444
81$62,488,779$26,413,474$20,301,505$41,536,932
82$68,761,145$27,606,245$20,880,117$44,763,134
83$75,670,096$28,854,264$21,474,914$48,280,720
84$83,280,461$30,160,139$22,086,340$52,117,918
85$91,663,683$31,526,601$22,714,847$56,305,775
86$100,898,485$32,956,510$23,360,900$60,878,438
87$111,071,617$34,452,866$24,024,977$65,873,468
88$122,278,676$36,018,810$24,707,568$71,332,188
89$134,625,004$37,657,635$25,409,174$77,300,061
90$148,226,685$39,372,790$26,130,312$83,827,108
91$163,211,640$41,167,890$26,871,511$90,968,373
92$179,720,835$43,046,724$27,633,315$98,784,429
93$197,909,608$45,013,262$28,416,279$107,341,940
94$217,949,140$47,071,663$29,220,975$116,714,274
95$240,028,065$49,226,288$30,047,991$126,982,191
96$264,354,256$51,481,704$30,897,927$138,234,585
97$291,156,784$53,842,701$31,771,401$150,569,310
98$320,688,079$56,314,296$32,669,046$164,094,096
99$353,226,314$58,901,749$33,591,511$178,927,541
100$389,078,034$61,610,570$34,539,462$195,200,223