Can I retire at age 65 with 12,700,000?

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 $12,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$997,994
2 years$519,185$509,516$500,145$491,059$482,246$467,444
3 years$342,685$332,974$323,627$314,626$305,956$291,536
4 years$254,453$244,771$235,517$226,670$218,211$204,283
5 years$201,527$191,904$182,771$174,105$165,880$152,485
6 years$166,255$156,704$147,706$139,233$131,255$118,408
7 years$141,070$131,600$122,745$114,471$106,746$94,451
8 years$122,190$112,805$104,097$96,027$88,556$76,812
9 years$107,513$98,217$89,659$81,794$74,577$63,378
10 years$95,779$86,574$78,167$70,507$63,543$52,881
11 years$86,184$77,071$68,817$61,362$54,649$44,513
12 years$78,195$69,175$61,073$53,823$47,358$37,735
13 years$71,439$62,514$54,565$47,517$41,297$32,175
14 years$65,654$56,824$49,027$42,181$36,201$27,565
15 years$60,645$51,909$44,264$37,618$31,874$23,710
16 years$56,266$47,626$40,132$33,683$28,170$20,461
17 years$52,406$43,862$36,519$30,264$24,978$17,708
18 years$48,979$40,530$33,337$27,274$22,209$15,361
19 years$45,916$37,563$30,518$24,644$19,795$13,353
20 years$43,163$34,905$28,008$22,320$17,682$11,628
21 years$40,676$32,513$25,762$20,257$15,823$10,141
22 years$38,417$30,350$23,744$18,418$14,183$8,855
23 years$36,358$28,385$21,923$16,774$12,732$7,741
24 years$34,474$26,595$20,275$15,299$11,443$6,774
25 years$32,743$24,958$18,779$13,972$10,297$5,933
26 years$31,147$23,457$17,417$12,775$9,276$5,200
27 years$29,672$22,076$16,173$11,693$8,363$4,561
28 years$28,306$20,802$15,035$10,713$7,546$4,002
29 years$27,035$19,624$13,991$9,824$6,814$3,514
30 years$25,852$18,533$13,032$9,016$6,157$3,086
31 years$24,747$17,520$12,150$8,281$5,566$2,712
32 years$23,713$16,577$11,336$7,610$5,035$2,383
33 years$22,744$15,699$10,584$6,998$4,557$2,096
34 years$21,834$14,879$9,889$6,439$4,126$1,843
35 years$20,977$14,112$9,246$5,927$3,737$1,621
36 years$20,171$13,395$8,649$5,459$3,386$1,426
37 years$19,409$12,722$8,095$5,030$3,068$1,255
38 years$18,689$12,090$7,581$4,636$2,782$1,104
39 years$18,008$11,497$7,103$4,275$2,523$972
40 years$17,363$10,938$6,657$3,943$2,288$856
41 years$16,751$10,412$6,242$3,638$2,076$753
42 years$16,169$9,916$5,856$3,357$1,884$663
43 years$15,616$9,448$5,495$3,099$1,710$584
44 years$15,089$9,006$5,158$2,861$1,552$514
45 years$14,588$8,588$4,843$2,643$1,409$453
46 years$14,109$8,193$4,549$2,441$1,279$399
47 years$13,653$7,818$4,273$2,255$1,161$351
48 years$13,216$7,464$4,016$2,084$1,055$309
49 years$12,799$7,127$3,775$1,926$958$273
50 years$12,400$6,808$3,549$1,780$870$240

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $12,700,000, adding $5,942 every year, while hoping to spend $30,703 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: 61/34/5 Blend
64$12,700,000$12,700,000$12,700,000$12,700,000
65$14,001,529$13,328,429$13,131,579$14,843,906
66$15,397,017$13,948,854$13,538,819$16,027,431
67$16,933,816$14,598,652$13,958,673$17,314,034
68$18,626,307$15,279,227$14,391,530$18,716,948
69$20,490,338$15,992,056$14,837,793$20,247,373
70$22,543,370$16,738,684$15,297,877$21,917,620
71$24,804,646$17,520,733$15,772,208$23,741,225
72$27,295,371$18,339,899$16,261,228$25,733,071
73$30,038,910$19,197,966$16,765,391$27,909,524
74$33,061,012$20,096,799$17,285,164$30,288,581
75$36,390,049$21,038,356$17,821,031$32,890,039
76$40,057,287$22,024,689$18,373,490$35,735,674
77$44,097,181$23,057,950$18,943,052$38,849,439
78$48,547,697$24,140,392$19,530,247$42,257,689
79$53,450,672$25,274,382$20,135,621$45,989,418
80$58,852,211$26,462,396$20,759,734$50,076,533
81$64,803,118$27,707,035$21,403,167$54,554,142
82$71,359,379$29,011,023$22,066,516$59,460,882
83$78,582,688$30,377,216$22,750,397$64,839,277
84$86,541,031$31,808,609$23,455,444$70,736,129
85$95,309,327$33,308,341$24,182,313$77,202,954
86$104,970,135$34,879,706$24,931,676$84,296,458
87$115,614,431$36,526,154$25,704,230$92,079,064
88$127,342,472$38,251,305$26,500,690$100,619,496
89$140,264,737$40,058,951$27,321,796$109,993,411
90$154,502,973$41,953,073$28,168,309$120,284,108
91$170,191,343$43,937,840$29,041,014$131,583,303
92$187,477,692$46,017,627$29,940,721$143,991,982
93$206,524,944$48,197,018$30,868,262$157,621,343
94$227,512,638$50,480,822$31,824,499$172,593,838
95$250,638,625$52,874,080$32,810,318$189,044,308
96$276,120,934$55,382,078$33,826,632$207,121,250
97$304,199,828$58,010,359$34,874,383$226,988,200
98$335,140,078$60,764,735$35,954,543$248,825,264
99$369,233,458$63,651,298$37,068,112$272,830,805
100$406,801,499$66,676,440$38,216,121$299,223,294