Can I retire at age 65 with 12,800,000?

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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$981,356
2 years$523,273$513,528$504,083$494,925$486,043$446,883
3 years$345,384$335,596$326,175$317,104$308,366$270,613
4 years$256,456$246,699$237,372$228,455$219,929$183,871
5 years$203,114$193,415$184,210$175,476$167,186$132,916
6 years$167,564$157,938$148,869$140,329$132,289$99,829
7 years$142,181$132,636$123,711$115,372$107,586$76,926
8 years$123,152$113,693$104,917$96,783$89,253$60,363
9 years$108,360$98,991$90,365$82,438$75,164$48,002
10 years$96,533$87,255$78,782$71,062$64,044$38,558
11 years$86,863$77,678$69,359$61,845$55,080$31,214
12 years$78,810$69,720$61,554$54,247$47,731$25,423
13 years$72,002$63,006$54,994$47,892$41,622$20,806
14 years$66,171$57,271$49,413$42,513$36,486$17,093
15 years$61,122$52,318$44,613$37,914$32,125$14,087
16 years$56,709$48,001$40,448$33,948$28,392$11,639
17 years$52,819$44,207$36,806$30,502$25,174$9,636
18 years$49,365$40,849$33,599$27,488$22,384$7,991
19 years$46,278$37,859$30,759$24,838$19,951$6,636
20 years$43,503$35,180$28,229$22,496$17,821$5,517
21 years$40,996$32,769$25,965$20,416$15,948$4,592
22 years$38,720$30,589$23,931$18,563$14,295$3,824
23 years$36,645$28,609$22,096$16,906$12,832$3,187
24 years$34,745$26,805$20,435$15,419$11,534$2,658
25 years$33,000$25,155$18,927$14,082$10,378$2,217
26 years$31,392$23,642$17,554$12,875$9,349$1,850
27 years$29,906$22,249$16,300$11,785$8,428$1,545
28 years$28,528$20,966$15,153$10,798$7,605$1,290
29 years$27,248$19,779$14,101$9,902$6,867$1,077
30 years$26,055$18,679$13,135$9,087$6,205$900
31 years$24,942$17,658$12,245$8,346$5,610$752
32 years$23,900$16,708$11,425$7,670$5,075$628
33 years$22,923$15,822$10,668$7,053$4,592$525
34 years$22,006$14,996$9,967$6,490$4,158$439
35 years$21,143$14,224$9,319$5,974$3,766$367
36 years$20,329$13,500$8,717$5,502$3,412$307
37 years$19,562$12,822$8,159$5,069$3,093$256
38 years$18,837$12,186$7,641$4,673$2,804$214
39 years$18,150$11,587$7,159$4,308$2,543$179
40 years$17,500$11,024$6,710$3,974$2,306$150
41 years$16,882$10,494$6,292$3,666$2,092$125
42 years$16,296$9,994$5,902$3,384$1,898$105
43 years$15,739$9,523$5,538$3,123$1,723$87
44 years$15,208$9,077$5,198$2,884$1,564$73
45 years$14,703$8,656$4,881$2,663$1,420$61
46 years$14,220$8,257$4,584$2,460$1,289$51
47 years$13,760$7,880$4,307$2,273$1,171$43
48 years$13,320$7,522$4,047$2,100$1,063$36
49 years$12,900$7,184$3,804$1,941$965$30
50 years$12,497$6,862$3,577$1,794$877$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $12,800,000, adding $3,880 every year, while hoping to spend $46,612 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: 43/48/9 Blend
64$12,800,000$12,800,000$12,800,000$12,800,000
65$14,109,602$13,431,202$13,232,802$14,679,422
66$15,499,187$14,039,736$13,626,506$15,684,693
67$17,028,947$14,676,526$14,031,837$16,768,034
68$18,713,131$15,342,908$14,449,135$17,940,566
69$20,567,440$16,040,279$14,878,751$19,210,467
70$22,609,173$16,770,108$15,321,043$20,586,707
71$24,857,395$17,533,929$15,776,385$22,079,127
72$27,333,111$18,333,354$16,245,155$23,698,527
73$30,059,469$19,170,068$16,727,748$25,456,762
74$33,061,974$20,045,841$17,224,567$27,366,846
75$36,368,732$20,962,524$17,736,027$29,443,069
76$40,010,714$21,922,059$18,262,555$31,701,124
77$44,022,048$22,926,481$18,804,592$34,158,250
78$48,440,341$23,977,923$19,362,590$36,833,381
79$53,307,033$25,078,619$19,937,014$39,747,323
80$58,667,790$26,230,910$20,528,344$42,922,940
81$64,572,933$27,437,253$21,137,071$46,385,359
82$71,077,912$28,700,218$21,763,703$50,162,198
83$78,243,833$30,022,503$22,408,761$54,283,819
84$86,138,031$31,406,933$23,072,782$58,783,602
85$94,834,707$32,856,470$23,756,317$63,698,251
86$104,415,628$34,374,218$24,459,935$69,068,128
87$114,970,899$35,963,430$25,184,218$74,937,623
88$126,599,810$37,627,518$25,929,769$81,355,558
89$139,411,779$39,370,055$26,697,205$88,375,641
90$153,527,381$41,194,788$27,487,163$96,056,952
91$169,079,486$43,105,645$28,300,295$104,464,492
92$186,214,514$45,106,742$29,137,274$113,669,779
93$205,093,815$47,202,393$29,998,794$123,751,508
94$225,895,196$49,397,122$30,885,565$134,796,277
95$248,814,595$51,695,669$31,798,320$146,899,390
96$274,067,932$54,103,006$32,737,812$160,165,735
97$301,893,148$56,624,340$33,704,817$174,710,760
98$332,552,451$59,265,134$34,700,129$190,661,536
99$366,334,787$62,031,113$35,724,570$208,157,944
100$403,558,575$64,928,276$36,778,983$227,353,971