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%11.6%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$997,991
2 years$515,097$505,504$496,207$487,192$478,448$471,641
3 years$339,987$330,352$321,079$312,149$303,547$296,893
4 years$252,449$242,844$233,663$224,886$216,493$210,042
5 years$199,940$190,393$181,332$172,734$164,574$158,347
6 years$164,946$155,470$146,543$138,137$130,222$124,227
7 years$139,959$130,563$121,778$113,570$105,905$100,144
8 years$121,228$111,917$103,277$95,271$87,859$82,332
9 years$106,667$97,444$88,953$81,150$73,990$68,696
10 years$95,025$85,892$77,551$69,952$63,043$57,979
11 years$85,506$76,465$68,275$60,879$54,219$49,382
12 years$77,579$68,630$60,592$53,399$46,985$42,371
13 years$70,877$62,022$54,135$47,143$40,972$36,575
14 years$65,137$56,376$48,641$41,849$35,916$31,731
15 years$60,167$51,501$43,916$37,322$31,623$27,645
16 years$55,823$47,251$39,816$33,417$27,949$24,172
17 years$51,993$43,516$36,231$30,025$24,781$21,199
18 years$48,593$40,211$33,074$27,059$22,034$18,641
19 years$45,555$37,267$30,278$24,450$19,640$16,428
20 years$42,823$34,630$27,788$22,144$17,542$14,507
21 years$40,355$32,257$25,559$20,097$15,698$12,832
22 years$38,115$30,111$23,557$18,273$14,071$11,367
23 years$36,072$28,162$21,751$16,642$12,631$10,083
24 years$34,202$26,386$20,116$15,178$11,353$8,954
25 years$32,485$24,762$18,631$13,862$10,216$7,959
26 years$30,902$23,272$17,279$12,674$9,202$7,081
27 years$29,439$21,902$16,045$11,601$8,297$6,305
28 years$28,083$20,638$14,916$10,629$7,486$5,618
29 years$26,822$19,470$13,881$9,747$6,760$5,009
30 years$25,648$18,387$12,930$8,945$6,108$4,468
31 years$24,552$17,382$12,054$8,216$5,522$3,988
32 years$23,526$16,447$11,246$7,550$4,995$3,560
33 years$22,565$15,575$10,501$6,943$4,521$3,180
34 years$21,662$14,762$9,811$6,388$4,093$2,841
35 years$20,812$14,001$9,173$5,881$3,707$2,540
36 years$20,012$13,289$8,581$5,416$3,359$2,270
37 years$19,256$12,622$8,032$4,990$3,044$2,030
38 years$18,542$11,995$7,521$4,600$2,760$1,816
39 years$17,867$11,406$7,047$4,241$2,503$1,625
40 years$17,226$10,852$6,605$3,912$2,270$1,454
41 years$16,619$10,330$6,193$3,609$2,060$1,301
42 years$16,042$9,838$5,810$3,331$1,869$1,164
43 years$15,493$9,374$5,451$3,075$1,696$1,042
44 years$14,971$8,935$5,117$2,839$1,540$933
45 years$14,473$8,520$4,805$2,622$1,398$835
46 years$13,998$8,128$4,513$2,422$1,269$748
47 years$13,545$7,757$4,240$2,237$1,152$670
48 years$13,112$7,405$3,984$2,068$1,046$600
49 years$12,698$7,071$3,745$1,911$950$537
50 years$12,302$6,755$3,521$1,766$863$481

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 $6,820 every year, while hoping to spend $27,306 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: 46/31/23 Blend
64$12,600,000$12,600,000$12,600,000$12,600,000
65$13,892,235$13,224,435$13,029,135$14,439,305
66$15,280,189$13,843,379$13,436,557$15,443,527
67$16,808,800$14,491,736$13,856,714$16,529,187
68$18,492,385$15,170,918$14,290,001$17,706,554
69$20,346,722$15,882,407$14,736,830$18,984,205
70$22,389,197$16,627,754$15,197,623$20,371,558
71$24,638,968$17,408,587$15,672,816$21,878,960
72$27,117,148$18,226,613$16,162,860$23,517,773
73$29,846,999$19,083,619$16,668,218$25,300,482
74$32,854,158$19,981,481$17,189,369$27,240,806
75$36,166,874$20,922,166$17,726,805$29,353,823
76$39,816,278$21,907,734$18,281,035$31,656,103
77$43,836,673$22,940,348$18,852,584$34,165,864
78$48,265,860$24,022,272$19,441,993$36,903,134
79$53,145,497$25,155,883$20,049,819$39,889,935
80$58,521,488$26,343,670$20,676,637$43,150,482
81$64,444,416$27,588,247$21,323,041$46,711,409
82$70,970,026$28,892,351$21,989,643$50,602,009
83$78,159,745$30,258,852$22,677,072$54,854,504
84$86,081,265$31,690,762$23,385,980$59,504,343
85$94,809,181$33,191,236$24,117,037$64,590,525
86$104,425,694$34,763,583$24,870,934$70,155,959
87$115,021,390$36,411,274$25,648,386$76,247,865
88$126,696,091$38,137,946$26,450,126$82,918,201
89$139,559,801$39,947,414$27,276,914$90,224,152
90$153,733,742$41,843,679$28,129,532$98,228,655
91$169,351,499$43,830,934$29,008,786$107,000,981
92$186,560,279$45,913,577$29,915,508$116,617,382
93$205,522,306$48,096,220$30,850,556$127,161,795
94$226,416,344$50,383,698$31,814,813$138,726,622
95$249,439,394$52,781,082$32,809,192$151,413,593
96$274,808,545$55,293,688$33,834,632$165,334,707
97$302,763,029$57,927,091$34,892,105$180,613,278
98$333,566,477$60,687,138$35,982,609$197,385,087
99$367,509,407$63,579,957$37,107,177$215,799,641
100$404,911,970$66,611,978$38,266,870$236,021,574