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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.5%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$989,603
2 years$523,273$513,528$504,083$494,925$486,043$454,990
3 years$345,384$335,596$326,175$317,104$308,366$278,320
4 years$256,456$246,699$237,372$228,455$219,929$191,122
5 years$203,114$193,415$184,210$175,476$167,186$139,696
6 years$167,564$157,938$148,869$140,329$132,289$106,139
7 years$142,181$132,636$123,711$115,372$107,586$82,775
8 years$123,152$113,693$104,917$96,783$89,253$65,765
9 years$108,360$98,991$90,365$82,438$75,164$52,974
10 years$96,533$87,255$78,782$71,062$64,044$43,120
11 years$86,863$77,678$69,359$61,845$55,080$35,386
12 years$78,810$69,720$61,554$54,247$47,731$29,226
13 years$72,002$63,006$54,994$47,892$41,622$24,263
14 years$66,171$57,271$49,413$42,513$36,486$20,228
15 years$61,122$52,318$44,613$37,914$32,125$16,921
16 years$56,709$48,001$40,448$33,948$28,392$14,194
17 years$52,819$44,207$36,806$30,502$25,174$11,934
18 years$49,365$40,849$33,599$27,488$22,384$10,054
19 years$46,278$37,859$30,759$24,838$19,951$8,483
20 years$43,503$35,180$28,229$22,496$17,821$7,167
21 years$40,996$32,769$25,965$20,416$15,948$6,062
22 years$38,720$30,589$23,931$18,563$14,295$5,133
23 years$36,645$28,609$22,096$16,906$12,832$4,349
24 years$34,745$26,805$20,435$15,419$11,534$3,688
25 years$33,000$25,155$18,927$14,082$10,378$3,128
26 years$31,392$23,642$17,554$12,875$9,349$2,655
27 years$29,906$22,249$16,300$11,785$8,428$2,255
28 years$28,528$20,966$15,153$10,798$7,605$1,915
29 years$27,248$19,779$14,101$9,902$6,867$1,627
30 years$26,055$18,679$13,135$9,087$6,205$1,383
31 years$24,942$17,658$12,245$8,346$5,610$1,176
32 years$23,900$16,708$11,425$7,670$5,075$1,000
33 years$22,923$15,822$10,668$7,053$4,592$850
34 years$22,006$14,996$9,967$6,490$4,158$723
35 years$21,143$14,224$9,319$5,974$3,766$615
36 years$20,329$13,500$8,717$5,502$3,412$523
37 years$19,562$12,822$8,159$5,069$3,093$445
38 years$18,837$12,186$7,641$4,673$2,804$378
39 years$18,150$11,587$7,159$4,308$2,543$322
40 years$17,500$11,024$6,710$3,974$2,306$274
41 years$16,882$10,494$6,292$3,666$2,092$233
42 years$16,296$9,994$5,902$3,384$1,898$198
43 years$15,739$9,523$5,538$3,123$1,723$169
44 years$15,208$9,077$5,198$2,884$1,564$144
45 years$14,703$8,656$4,881$2,663$1,420$122
46 years$14,220$8,257$4,584$2,460$1,289$104
47 years$13,760$7,880$4,307$2,273$1,171$88
48 years$13,320$7,522$4,047$2,100$1,063$75
49 years$12,900$7,184$3,804$1,941$965$64
50 years$12,497$6,862$3,577$1,794$877$55

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 $2,124 every year, while hoping to spend $20,779 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: 67/5/28 Blend
64$12,800,000$12,800,000$12,800,000$12,800,000
65$14,107,791$13,429,391$13,230,991$14,949,326
66$15,524,677$14,065,322$13,652,120$16,152,639
67$17,085,389$14,731,718$14,086,661$17,465,731
68$18,804,575$15,430,049$14,535,041$18,901,512
69$20,698,377$16,161,857$14,997,700$20,472,109
70$22,784,583$16,928,759$15,475,095$22,190,872
71$25,082,793$17,732,451$15,967,693$24,072,497
72$27,614,608$18,574,710$16,475,980$26,133,167
73$30,403,828$19,457,402$17,000,456$28,390,697
74$33,476,684$20,382,480$17,541,637$30,864,706
75$36,862,079$21,351,994$18,100,055$33,576,796
76$40,591,863$22,368,094$18,676,259$36,550,755
77$44,701,136$23,433,034$19,270,816$39,812,781
78$49,228,574$24,549,175$19,884,311$43,391,723
79$54,216,801$25,718,997$20,517,348$47,319,357
80$59,712,786$26,945,099$21,170,550$51,630,678
81$65,768,285$28,230,204$21,844,558$56,364,230
82$72,440,336$29,577,170$22,540,037$61,562,468
83$79,791,793$30,988,994$23,257,671$67,272,153
84$87,891,918$32,468,817$23,998,166$73,544,795
85$96,817,039$34,019,934$24,762,249$80,437,133
86$106,651,267$35,645,801$25,550,675$88,011,669
87$117,487,292$37,350,040$26,364,217$96,337,253
88$129,427,255$39,136,451$27,203,678$105,489,733
89$142,583,716$41,009,019$28,069,883$115,552,664
90$157,080,715$42,971,921$28,963,684$126,618,094
91$173,054,942$45,029,539$29,885,961$138,787,434
92$190,657,028$47,186,469$30,837,623$152,172,402
93$210,052,967$49,447,528$31,819,606$166,896,083
94$231,425,683$51,817,770$32,832,876$183,094,083
95$254,976,757$54,302,494$33,878,431$200,915,802
96$280,928,327$56,907,258$34,957,300$220,525,845
97$309,525,193$59,637,890$36,070,545$242,105,568
98$341,037,117$62,500,501$37,219,263$265,854,788
99$375,761,378$65,501,501$38,404,584$291,993,661
100$414,025,576$68,647,612$39,627,675$320,764,756