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

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 $12,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$964,474
2 years$511,009$501,492$492,268$483,326$474,651$442,419
3 years$337,289$327,731$318,530$309,671$301,138$269,979
4 years$250,446$240,917$231,808$223,101$214,774$184,927
5 years$198,353$188,882$179,893$171,363$163,268$134,812
6 years$163,636$154,236$145,380$137,040$129,188$102,148
7 years$138,848$129,527$120,812$112,668$105,065$79,436
8 years$120,266$111,029$102,458$94,515$87,161$62,927
9 years$105,820$96,670$88,247$80,506$73,402$50,533
10 years$94,271$85,210$76,936$69,397$62,543$41,004
11 years$84,827$75,858$67,733$60,396$53,789$33,541
12 years$76,963$68,086$60,111$52,975$46,612$27,611
13 years$70,314$61,530$53,705$46,769$40,647$22,845
14 years$64,620$55,929$48,255$41,516$35,631$18,979
15 years$59,690$51,092$43,567$37,025$31,372$15,820
16 years$55,380$46,876$39,500$33,152$27,727$13,223
17 years$51,581$43,171$35,944$29,787$24,584$11,077
18 years$48,208$39,892$32,812$26,844$21,859$9,297
19 years$45,193$36,971$30,038$24,256$19,484$7,815
20 years$42,484$34,356$27,567$21,968$17,403$6,578
21 years$40,035$32,001$25,356$19,938$15,574$5,542
22 years$37,812$29,872$23,370$18,128$13,960$4,674
23 years$35,786$27,938$21,578$16,509$12,531$3,945
24 years$33,931$26,176$19,956$15,058$11,263$3,332
25 years$32,227$24,565$18,483$13,752$10,135$2,815
26 years$30,657$23,087$17,142$12,574$9,129$2,380
27 years$29,205$21,728$15,918$11,509$8,231$2,013
28 years$27,860$20,474$14,798$10,545$7,427$1,703
29 years$26,609$19,315$13,771$9,670$6,706$1,441
30 years$25,445$18,241$12,827$8,874$6,060$1,219
31 years$24,357$17,244$11,958$8,150$5,478$1,032
32 years$23,340$16,316$11,157$7,490$4,956$874
33 years$22,386$15,452$10,418$6,888$4,485$740
34 years$21,490$14,645$9,734$6,338$4,061$627
35 years$20,647$13,890$9,100$5,834$3,678$531
36 years$19,853$13,184$8,513$5,373$3,332$450
37 years$19,103$12,522$7,968$4,951$3,020$381
38 years$18,395$11,900$7,462$4,563$2,738$323
39 years$17,725$11,316$6,991$4,207$2,483$273
40 years$17,089$10,766$6,552$3,881$2,252$232
41 years$16,487$10,248$6,144$3,580$2,043$196
42 years$15,914$9,760$5,763$3,304$1,854$166
43 years$15,370$9,299$5,408$3,050$1,683$141
44 years$14,852$8,864$5,077$2,816$1,527$119
45 years$14,358$8,453$4,767$2,601$1,387$101
46 years$13,887$8,064$4,477$2,403$1,259$86
47 years$13,438$7,695$4,206$2,220$1,143$73
48 years$13,008$7,346$3,953$2,051$1,038$62
49 years$12,597$7,015$3,715$1,896$943$52
50 years$12,204$6,701$3,493$1,752$856$44

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 $6,994 every year, while hoping to spend $25,460 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: 28/42/30 Blend
64$12,500,000$12,500,000$12,500,000$12,500,000
65$13,782,214$13,119,714$12,925,964$14,040,192
66$15,160,911$13,735,491$13,331,895$14,864,791
67$16,679,381$14,380,588$13,750,571$15,747,408
68$18,351,855$15,056,414$14,182,392$16,695,160
69$20,194,014$15,764,447$14,627,772$17,713,665
70$22,223,136$16,506,238$15,087,135$18,809,071
71$24,458,263$17,283,410$15,560,921$19,988,102
72$26,920,376$18,097,668$16,049,582$21,258,126
73$29,632,597$18,950,796$16,553,585$22,627,207
74$32,620,404$19,844,667$17,073,413$24,104,182
75$35,911,874$20,781,245$17,609,561$25,698,733
76$39,537,946$21,762,587$18,162,542$27,421,472
77$43,532,714$22,790,850$18,732,884$29,284,033
78$47,933,747$23,868,299$19,321,132$31,299,176
79$52,782,448$24,997,304$19,927,849$33,480,894
80$58,124,440$26,180,354$20,553,614$35,844,541
81$64,009,997$27,420,056$21,199,024$38,406,964
82$70,494,522$28,719,144$21,864,697$41,186,653
83$77,639,068$30,080,486$22,551,269$44,203,909
84$85,510,911$31,507,089$23,259,395$47,481,017
85$94,184,191$33,002,103$23,989,752$51,042,453
86$103,740,607$34,568,835$24,743,037$54,915,099
87$114,270,192$36,210,750$25,519,971$59,128,485
88$125,872,157$37,931,482$26,321,296$63,715,055
89$138,655,834$39,734,842$27,147,776$68,710,461
90$152,741,705$41,624,825$28,000,203$74,153,884
91$168,262,539$43,605,622$28,879,389$80,088,390
92$185,364,644$45,681,624$29,786,175$86,561,319
93$204,209,254$47,857,439$30,721,428$93,624,721
94$224,974,042$50,137,898$31,686,040$101,335,823
95$247,854,805$52,528,065$32,680,933$109,757,558
96$273,067,308$55,033,254$33,707,057$118,959,138
97$300,849,323$57,659,032$34,765,393$129,016,687
98$331,462,871$60,411,243$35,856,952$140,013,942
99$365,196,700$63,296,009$36,982,775$152,043,021
100$402,369,004$66,319,755$38,143,939$165,205,268