Can I retire at age 65 with 12,600,000?

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 $12,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$976,101
2 years$515,097$505,504$496,207$487,192$478,448$449,816
3 years$339,987$330,352$321,079$312,149$303,547$275,820
4 years$252,449$242,844$233,663$224,886$216,493$189,884
5 years$199,940$190,393$181,332$172,734$164,574$139,157
6 years$164,946$155,470$146,543$138,137$130,222$106,019
7 years$139,959$130,563$121,778$113,570$105,905$82,917
8 years$121,228$111,917$103,277$95,271$87,859$66,072
9 years$106,667$97,444$88,953$81,150$73,990$53,383
10 years$95,025$85,892$77,551$69,952$63,043$43,589
11 years$85,506$76,465$68,275$60,879$54,219$35,886
12 years$77,579$68,630$60,592$53,399$46,985$29,737
13 years$70,877$62,022$54,135$47,143$40,972$24,772
14 years$65,137$56,376$48,641$41,849$35,916$20,723
15 years$60,167$51,501$43,916$37,322$31,623$17,396
16 years$55,823$47,251$39,816$33,417$27,949$14,645
17 years$51,993$43,516$36,231$30,025$24,781$12,359
18 years$48,593$40,211$33,074$27,059$22,034$10,450
19 years$45,555$37,267$30,278$24,450$19,640$8,851
20 years$42,823$34,630$27,788$22,144$17,542$7,507
21 years$40,355$32,257$25,559$20,097$15,698$6,374
22 years$38,115$30,111$23,557$18,273$14,071$5,418
23 years$36,072$28,162$21,751$16,642$12,631$4,609
24 years$34,202$26,386$20,116$15,178$11,353$3,923
25 years$32,485$24,762$18,631$13,862$10,216$3,342
26 years$30,902$23,272$17,279$12,674$9,202$2,848
27 years$29,439$21,902$16,045$11,601$8,297$2,428
28 years$28,083$20,638$14,916$10,629$7,486$2,071
29 years$26,822$19,470$13,881$9,747$6,760$1,767
30 years$25,648$18,387$12,930$8,945$6,108$1,508
31 years$24,552$17,382$12,054$8,216$5,522$1,287
32 years$23,526$16,447$11,246$7,550$4,995$1,099
33 years$22,565$15,575$10,501$6,943$4,521$938
34 years$21,662$14,762$9,811$6,388$4,093$801
35 years$20,812$14,001$9,173$5,881$3,707$684
36 years$20,012$13,289$8,581$5,416$3,359$584
37 years$19,256$12,622$8,032$4,990$3,044$499
38 years$18,542$11,995$7,521$4,600$2,760$427
39 years$17,867$11,406$7,047$4,241$2,503$364
40 years$17,226$10,852$6,605$3,912$2,270$311
41 years$16,619$10,330$6,193$3,609$2,060$266
42 years$16,042$9,838$5,810$3,331$1,869$227
43 years$15,493$9,374$5,451$3,075$1,696$194
44 years$14,971$8,935$5,117$2,839$1,540$166
45 years$14,473$8,520$4,805$2,622$1,398$142
46 years$13,998$8,128$4,513$2,422$1,269$121
47 years$13,545$7,757$4,240$2,237$1,152$104
48 years$13,112$7,405$3,984$2,068$1,046$89
49 years$12,698$7,071$3,745$1,911$950$76
50 years$12,302$6,755$3,521$1,766$863$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $12,600,000, adding $2,171 every year, while hoping to spend $50,601 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: 58/23/19 Blend
64$12,600,000$12,600,000$12,600,000$12,600,000
65$13,887,439$13,219,639$13,024,339$14,623,151
66$15,250,119$13,813,563$13,406,816$15,716,828
67$16,750,096$14,434,892$13,800,409$16,902,880
68$18,401,322$15,084,918$14,205,438$18,194,777
69$20,219,168$15,764,990$14,622,232$19,602,735
70$22,220,573$16,476,524$15,051,126$21,137,987
71$24,424,201$17,221,004$15,492,469$22,812,891
72$26,850,619$17,999,982$15,946,616$24,641,035
73$29,522,489$18,815,088$16,413,935$26,637,370
74$32,464,783$19,668,027$16,894,801$28,818,342
75$35,705,017$20,560,587$17,389,603$31,202,046
76$39,273,512$21,494,640$17,898,739$33,808,394
77$43,203,682$22,472,149$18,422,618$36,659,294
78$47,532,344$23,495,170$18,961,662$39,778,858
79$52,300,069$24,565,859$19,516,303$43,193,623
80$57,551,563$25,686,473$20,086,987$46,932,796
81$63,336,092$26,859,380$20,674,170$51,028,526
82$69,707,942$28,087,058$21,278,324$55,516,202
83$76,726,935$29,372,107$21,899,931$60,434,781
84$84,458,993$30,717,251$22,539,489$65,827,153
85$92,976,756$32,125,342$23,197,508$71,740,536
86$102,360,274$33,599,373$23,874,513$78,226,920
87$112,697,757$35,142,477$24,571,045$85,343,547
88$124,086,411$36,757,941$25,287,657$93,153,450
89$136,633,352$38,449,208$26,024,921$101,726,035
90$150,456,620$40,219,885$26,783,422$111,137,735
91$165,686,292$42,073,756$27,563,763$121,472,721
92$182,465,708$44,014,784$28,366,563$132,823,689
93$200,952,825$46,047,123$29,192,458$145,292,726
94$221,321,711$48,175,130$30,042,103$158,992,269
95$243,764,181$50,403,367$30,916,169$174,046,151
96$268,491,614$52,736,619$31,815,347$190,590,768
97$295,736,945$55,179,899$32,740,348$208,776,352
98$325,756,865$57,738,466$33,691,901$228,768,382
99$358,834,241$60,417,826$34,670,755$250,749,131
100$395,280,789$63,223,756$35,677,682$274,919,381