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%18.9%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$968,707
2 years$515,097$505,504$496,207$487,192$478,448$442,534
3 years$339,987$330,352$321,079$312,149$303,547$268,882
4 years$252,449$242,844$233,663$224,886$216,493$183,341
5 years$199,940$190,393$181,332$172,734$164,574$133,023
6 years$164,946$155,470$146,543$138,137$130,222$100,295
7 years$139,959$130,563$121,778$113,570$105,905$77,596
8 years$121,228$111,917$103,277$95,271$87,859$61,142
9 years$106,667$97,444$88,953$81,150$73,990$48,831
10 years$95,025$85,892$77,551$69,952$63,043$39,399
11 years$85,506$76,465$68,275$60,879$54,219$32,040
12 years$77,579$68,630$60,592$53,399$46,985$26,218
13 years$70,877$62,022$54,135$47,143$40,972$21,559
14 years$65,137$56,376$48,641$41,849$35,916$17,799
15 years$60,167$51,501$43,916$37,322$31,623$14,742
16 years$55,823$47,251$39,816$33,417$27,949$12,242
17 years$51,993$43,516$36,231$30,025$24,781$10,188
18 years$48,593$40,211$33,074$27,059$22,034$8,493
19 years$45,555$37,267$30,278$24,450$19,640$7,091
20 years$42,823$34,630$27,788$22,144$17,542$5,927
21 years$40,355$32,257$25,559$20,097$15,698$4,960
22 years$38,115$30,111$23,557$18,273$14,071$4,153
23 years$36,072$28,162$21,751$16,642$12,631$3,481
24 years$34,202$26,386$20,116$15,178$11,353$2,918
25 years$32,485$24,762$18,631$13,862$10,216$2,448
26 years$30,902$23,272$17,279$12,674$9,202$2,055
27 years$29,439$21,902$16,045$11,601$8,297$1,725
28 years$28,083$20,638$14,916$10,629$7,486$1,449
29 years$26,822$19,470$13,881$9,747$6,760$1,217
30 years$25,648$18,387$12,930$8,945$6,108$1,022
31 years$24,552$17,382$12,054$8,216$5,522$859
32 years$23,526$16,447$11,246$7,550$4,995$722
33 years$22,565$15,575$10,501$6,943$4,521$607
34 years$21,662$14,762$9,811$6,388$4,093$510
35 years$20,812$14,001$9,173$5,881$3,707$429
36 years$20,012$13,289$8,581$5,416$3,359$361
37 years$19,256$12,622$8,032$4,990$3,044$303
38 years$18,542$11,995$7,521$4,600$2,760$255
39 years$17,867$11,406$7,047$4,241$2,503$214
40 years$17,226$10,852$6,605$3,912$2,270$180
41 years$16,619$10,330$6,193$3,609$2,060$152
42 years$16,042$9,838$5,810$3,331$1,869$127
43 years$15,493$9,374$5,451$3,075$1,696$107
44 years$14,971$8,935$5,117$2,839$1,540$90
45 years$14,473$8,520$4,805$2,622$1,398$76
46 years$13,998$8,128$4,513$2,422$1,269$64
47 years$13,545$7,757$4,240$2,237$1,152$54
48 years$13,112$7,405$3,984$2,068$1,046$45
49 years$12,698$7,071$3,745$1,911$950$38
50 years$12,302$6,755$3,521$1,766$863$32

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 $6,686 every year, while hoping to spend $27,616 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: 44/47/9 Blend
64$12,600,000$12,600,000$12,600,000$12,600,000
65$13,892,097$13,224,297$13,028,997$14,467,378
66$15,279,707$13,842,904$13,436,085$15,485,633
67$16,807,929$14,490,897$13,855,885$16,585,230
68$18,491,074$15,169,688$14,288,793$17,776,353
69$20,344,915$15,880,754$14,735,220$19,067,414
70$22,386,832$16,625,647$15,195,585$20,467,647
71$24,635,977$17,405,992$15,670,326$21,987,178
72$27,113,454$18,223,493$16,159,889$23,637,123
73$29,842,519$19,079,936$16,664,737$25,429,681
74$32,848,798$19,977,195$17,185,348$27,378,248
75$36,160,532$20,917,234$17,722,214$29,497,529
76$39,808,838$21,902,111$18,275,841$31,803,677
77$43,828,010$22,933,985$18,846,752$34,314,430
78$48,255,836$24,015,119$19,435,486$37,049,279
79$53,133,957$25,147,885$20,042,601$40,029,636
80$58,508,261$26,334,772$20,668,668$43,279,032
81$64,429,315$27,578,388$21,314,280$46,823,325
82$70,952,843$28,881,467$21,980,047$50,690,941
83$78,140,251$30,246,876$22,666,596$54,913,126
84$86,059,206$31,677,622$23,374,576$59,524,234
85$94,784,277$33,176,858$24,104,656$64,562,038
86$104,397,636$34,747,887$24,857,526$70,068,074
87$114,989,837$36,394,176$25,633,895$76,088,027
88$126,660,668$38,119,358$26,434,498$82,672,139
89$139,520,092$39,927,242$27,260,089$89,875,680
90$153,689,288$41,821,824$28,111,449$97,759,449
91$169,301,794$43,807,292$28,989,381$106,390,335
92$186,504,766$45,888,038$29,894,714$115,841,935
93$205,460,368$48,068,668$30,828,303$126,195,228
94$226,347,303$50,354,010$31,791,029$137,539,327
95$249,362,500$52,749,128$32,783,800$149,972,299
96$274,722,971$55,259,332$33,807,554$163,602,077
97$302,667,864$57,890,189$34,863,257$178,547,450
98$333,460,715$60,647,537$35,951,905$194,939,175
99$367,391,940$63,537,498$37,074,526$212,921,183
100$404,781,574$66,566,492$38,232,178$232,651,915