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

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 $12,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$999,247
2 years$515,097$505,504$496,207$487,192$478,448$472,905
3 years$339,987$330,352$321,079$312,149$303,547$298,125
4 years$252,449$242,844$233,663$224,886$216,493$211,234
5 years$199,940$190,393$181,332$172,734$164,574$159,495
6 years$164,946$155,470$146,543$138,137$130,222$125,329
7 years$139,959$130,563$121,778$113,570$105,905$101,200
8 years$121,228$111,917$103,277$95,271$87,859$83,342
9 years$106,667$97,444$88,953$81,150$73,990$69,660
10 years$95,025$85,892$77,551$69,952$63,043$58,899
11 years$85,506$76,465$68,275$60,879$54,219$50,257
12 years$77,579$68,630$60,592$53,399$46,985$43,203
13 years$70,877$62,022$54,135$47,143$40,972$37,365
14 years$65,137$56,376$48,641$41,849$35,916$32,480
15 years$60,167$51,501$43,916$37,322$31,623$28,354
16 years$55,823$47,251$39,816$33,417$27,949$24,842
17 years$51,993$43,516$36,231$30,025$24,781$21,832
18 years$48,593$40,211$33,074$27,059$22,034$19,238
19 years$45,555$37,267$30,278$24,450$19,640$16,991
20 years$42,823$34,630$27,788$22,144$17,542$15,036
21 years$40,355$32,257$25,559$20,097$15,698$13,330
22 years$38,115$30,111$23,557$18,273$14,071$11,834
23 years$36,072$28,162$21,751$16,642$12,631$10,521
24 years$34,202$26,386$20,116$15,178$11,353$9,364
25 years$32,485$24,762$18,631$13,862$10,216$8,343
26 years$30,902$23,272$17,279$12,674$9,202$7,440
27 years$29,439$21,902$16,045$11,601$8,297$6,640
28 years$28,083$20,638$14,916$10,629$7,486$5,931
29 years$26,822$19,470$13,881$9,747$6,760$5,300
30 years$25,648$18,387$12,930$8,945$6,108$4,740
31 years$24,552$17,382$12,054$8,216$5,522$4,240
32 years$23,526$16,447$11,246$7,550$4,995$3,795
33 years$22,565$15,575$10,501$6,943$4,521$3,399
34 years$21,662$14,762$9,811$6,388$4,093$3,044
35 years$20,812$14,001$9,173$5,881$3,707$2,728
36 years$20,012$13,289$8,581$5,416$3,359$2,445
37 years$19,256$12,622$8,032$4,990$3,044$2,192
38 years$18,542$11,995$7,521$4,600$2,760$1,965
39 years$17,867$11,406$7,047$4,241$2,503$1,763
40 years$17,226$10,852$6,605$3,912$2,270$1,581
41 years$16,619$10,330$6,193$3,609$2,060$1,419
42 years$16,042$9,838$5,810$3,331$1,869$1,273
43 years$15,493$9,374$5,451$3,075$1,696$1,142
44 years$14,971$8,935$5,117$2,839$1,540$1,025
45 years$14,473$8,520$4,805$2,622$1,398$920
46 years$13,998$8,128$4,513$2,422$1,269$826
47 years$13,545$7,757$4,240$2,237$1,152$742
48 years$13,112$7,405$3,984$2,068$1,046$666
49 years$12,698$7,071$3,745$1,911$950$598
50 years$12,302$6,755$3,521$1,766$863$537

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 $3,895 every year, while hoping to spend $21,539 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: 61/12/27 Blend
64$12,600,000$12,600,000$12,600,000$12,600,000
65$13,889,218$13,221,418$13,026,118$14,635,485
66$15,283,001$13,846,350$13,439,575$15,768,531
67$16,818,227$14,501,182$13,866,162$17,002,064
68$18,509,303$15,187,356$14,306,294$18,348,089
69$20,372,100$15,906,384$14,760,403$19,817,586
70$22,424,110$16,659,853$15,228,933$21,422,636
71$24,684,607$17,449,424$15,712,340$23,176,535
72$27,174,833$18,276,841$16,211,099$25,093,911
73$29,918,192$19,143,933$16,725,697$27,190,864
74$32,940,476$20,052,614$17,256,637$29,485,114
75$36,270,109$21,004,896$17,804,438$31,996,166
76$39,938,409$22,002,886$18,369,636$34,745,487
77$43,979,892$23,048,792$18,952,784$37,756,712
78$48,432,591$24,144,933$19,554,452$41,055,858
79$53,338,418$25,293,737$20,175,229$44,671,569
80$58,743,558$26,497,752$20,815,721$48,635,384
81$64,698,909$27,759,650$21,476,555$52,982,026
82$71,260,556$29,082,231$22,158,378$57,749,730
83$78,490,305$30,468,432$22,861,856$62,980,601
84$86,456,265$31,921,335$23,587,678$68,721,001
85$95,233,492$33,444,168$24,336,553$75,021,990
86$104,904,694$35,040,319$25,109,213$81,939,797
87$115,561,017$36,713,338$25,906,416$89,536,349
88$127,302,900$38,466,951$26,728,940$97,879,851
89$140,241,027$40,305,063$27,577,591$107,045,422
90$154,497,370$42,231,769$28,453,198$117,115,802
91$170,206,340$44,251,364$29,356,619$128,182,124
92$187,516,058$46,368,352$30,288,736$140,344,773
93$206,589,750$48,587,455$31,250,463$153,714,320
94$227,607,291$50,913,626$32,242,740$168,412,569
95$250,766,900$53,352,060$33,266,537$184,573,690
96$276,287,015$55,908,202$34,322,858$202,345,486
97$304,408,352$58,587,765$35,412,734$221,890,780
98$335,396,176$61,396,738$36,537,234$243,388,941
99$369,542,811$64,341,404$37,697,456$267,037,571
100$407,170,395$67,428,349$38,894,538$293,054,364