Can I retire at age 65 with 12,400,000?

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 $12,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$953,710
2 years$506,921$497,480$488,330$479,459$470,854$435,882
3 years$334,590$325,109$315,982$307,194$298,729$264,968
4 years$248,442$238,989$229,954$221,316$213,056$180,763
5 years$196,766$187,371$178,454$169,992$161,962$131,222
6 years$162,327$153,002$144,217$135,944$128,155$98,991
7 years$137,738$128,491$119,845$111,767$104,224$76,631
8 years$119,304$110,140$101,638$93,759$86,464$60,418
9 years$104,974$95,897$87,541$79,861$72,815$48,282
10 years$93,517$84,529$76,320$68,841$62,042$38,980
11 years$84,149$75,251$67,191$59,913$53,358$31,720
12 years$76,348$67,541$59,630$52,551$46,239$25,973
13 years$69,752$61,037$53,276$46,395$40,322$21,373
14 years$64,103$55,481$47,869$41,184$35,346$17,658
15 years$59,212$50,683$43,219$36,729$31,121$14,635
16 years$54,937$46,501$39,184$32,887$27,505$12,162
17 years$51,168$42,826$35,656$29,549$24,388$10,129
18 years$47,822$39,573$32,549$26,629$21,684$8,450
19 years$44,832$36,676$29,797$24,062$19,328$7,061
20 years$42,144$34,081$27,347$21,793$17,264$5,906
21 years$39,715$31,745$25,154$19,778$15,449$4,946
22 years$37,510$29,633$23,183$17,983$13,848$4,145
23 years$35,499$27,715$21,405$16,377$12,431$3,476
24 years$33,659$25,967$19,796$14,937$11,173$2,917
25 years$31,969$24,369$18,335$13,641$10,054$2,449
26 years$30,411$22,903$17,005$12,473$9,056$2,057
27 years$28,972$21,554$15,791$11,417$8,165$1,729
28 years$27,637$20,310$14,680$10,460$7,368$1,453
29 years$26,397$19,160$13,661$9,592$6,653$1,221
30 years$25,241$18,095$12,724$8,803$6,011$1,027
31 years$24,162$17,106$11,863$8,085$5,435$864
32 years$23,153$16,186$11,068$7,431$4,916$726
33 years$22,207$15,328$10,334$6,833$4,449$611
34 years$21,318$14,527$9,656$6,287$4,028$514
35 years$20,482$13,779$9,027$5,787$3,648$433
36 years$19,694$13,078$8,445$5,330$3,306$364
37 years$18,951$12,421$7,904$4,911$2,996$306
38 years$18,248$11,805$7,402$4,527$2,716$258
39 years$17,583$11,225$6,935$4,174$2,463$217
40 years$16,953$10,680$6,500$3,850$2,234$183
41 years$16,355$10,166$6,095$3,552$2,027$154
42 years$15,787$9,682$5,717$3,278$1,839$129
43 years$15,247$9,225$5,365$3,026$1,669$109
44 years$14,733$8,793$5,036$2,794$1,515$92
45 years$14,243$8,385$4,729$2,580$1,375$77
46 years$13,776$7,999$4,441$2,383$1,249$65
47 years$13,330$7,634$4,172$2,202$1,134$55
48 years$12,904$7,287$3,921$2,035$1,030$46
49 years$12,497$6,959$3,685$1,880$935$39
50 years$12,107$6,648$3,465$1,738$850$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $12,400,000, adding $6,359 every year, while hoping to spend $22,983 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: 33/47/20 Blend
64$12,400,000$12,400,000$12,400,000$12,400,000
65$13,671,359$13,014,159$12,821,959$14,037,981
66$15,041,384$13,627,399$13,227,041$14,924,246
67$16,550,381$14,269,918$13,644,923$15,876,214
68$18,212,502$14,943,125$14,076,009$16,901,728
69$20,043,339$15,648,500$14,520,718$18,007,274
70$22,060,076$16,387,593$14,979,478$19,199,955
71$24,281,648$17,162,030$15,452,735$20,487,550
72$26,728,921$17,973,514$15,940,946$21,878,582
73$29,424,888$18,823,833$16,444,585$23,382,391
74$32,394,886$19,714,861$16,964,139$25,009,216
75$35,666,837$20,648,562$17,500,110$26,770,285
76$39,271,509$21,626,996$18,053,018$28,677,908
77$43,242,807$22,652,323$18,623,399$30,745,591
78$47,618,094$23,726,807$19,211,803$32,988,153
79$52,438,543$24,852,824$19,818,802$35,421,855
80$57,749,525$26,032,863$20,444,982$38,064,545
81$63,601,037$27,269,534$21,090,950$40,935,819
82$70,048,178$28,565,576$21,757,331$44,057,192
83$77,151,661$29,923,858$22,444,771$47,452,293
84$84,978,395$31,347,392$23,153,935$51,147,075
85$93,602,109$32,839,332$23,885,510$55,170,048
86$103,104,054$34,402,989$24,640,204$59,552,538
87$113,573,764$36,041,832$25,418,748$64,328,968
88$125,109,908$37,759,502$26,221,896$69,537,169
89$137,821,214$39,559,813$27,050,425$75,218,724
90$151,827,502$41,446,768$27,905,138$81,419,344
91$167,260,810$43,424,562$28,786,862$88,189,288
92$184,266,642$45,497,595$29,696,452$95,583,815
93$203,005,344$47,670,481$30,634,787$103,663,692
94$223,653,614$49,948,060$31,602,778$112,495,753
95$246,406,171$52,335,404$32,601,360$122,153,504
96$271,477,596$54,837,834$33,631,501$132,717,802
97$299,104,354$57,460,931$34,694,199$144,277,597
98$329,547,026$60,210,544$35,790,482$156,930,751
99$363,092,772$63,092,810$36,921,413$170,784,936
100$400,058,041$66,114,164$38,088,087$185,958,631