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%14.8%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$984,858
2 years$515,097$505,504$496,207$487,192$478,448$458,500
3 years$339,987$330,352$321,079$312,149$303,547$284,156
4 years$252,449$242,844$233,663$224,886$216,493$197,808
5 years$199,940$190,393$181,332$172,734$164,574$146,649
6 years$164,946$155,470$146,543$138,137$130,222$113,077
7 years$139,959$130,563$121,778$113,570$105,905$89,543
8 years$121,228$111,917$103,277$95,271$87,859$72,275
9 years$106,667$97,444$88,953$81,150$73,990$59,175
10 years$95,025$85,892$77,551$69,952$63,043$48,982
11 years$85,506$76,465$68,275$60,879$54,219$40,896
12 years$77,579$68,630$60,592$53,399$46,985$34,380
13 years$70,877$62,022$54,135$47,143$40,972$29,064
14 years$65,137$56,376$48,641$41,849$35,916$24,682
15 years$60,167$51,501$43,916$37,322$31,623$21,041
16 years$55,823$47,251$39,816$33,417$27,949$17,994
17 years$51,993$43,516$36,231$30,025$24,781$15,428
18 years$48,593$40,211$33,074$27,059$22,034$13,258
19 years$45,555$37,267$30,278$24,450$19,640$11,415
20 years$42,823$34,630$27,788$22,144$17,542$9,844
21 years$40,355$32,257$25,559$20,097$15,698$8,501
22 years$38,115$30,111$23,557$18,273$14,071$7,350
23 years$36,072$28,162$21,751$16,642$12,631$6,361
24 years$34,202$26,386$20,116$15,178$11,353$5,510
25 years$32,485$24,762$18,631$13,862$10,216$4,776
26 years$30,902$23,272$17,279$12,674$9,202$4,143
27 years$29,439$21,902$16,045$11,601$8,297$3,596
28 years$28,083$20,638$14,916$10,629$7,486$3,122
29 years$26,822$19,470$13,881$9,747$6,760$2,712
30 years$25,648$18,387$12,930$8,945$6,108$2,357
31 years$24,552$17,382$12,054$8,216$5,522$2,049
32 years$23,526$16,447$11,246$7,550$4,995$1,781
33 years$22,565$15,575$10,501$6,943$4,521$1,549
34 years$21,662$14,762$9,811$6,388$4,093$1,348
35 years$20,812$14,001$9,173$5,881$3,707$1,173
36 years$20,012$13,289$8,581$5,416$3,359$1,020
37 years$19,256$12,622$8,032$4,990$3,044$888
38 years$18,542$11,995$7,521$4,600$2,760$773
39 years$17,867$11,406$7,047$4,241$2,503$673
40 years$17,226$10,852$6,605$3,912$2,270$586
41 years$16,619$10,330$6,193$3,609$2,060$510
42 years$16,042$9,838$5,810$3,331$1,869$444
43 years$15,493$9,374$5,451$3,075$1,696$387
44 years$14,971$8,935$5,117$2,839$1,540$337
45 years$14,473$8,520$4,805$2,622$1,398$293
46 years$13,998$8,128$4,513$2,422$1,269$255
47 years$13,545$7,757$4,240$2,237$1,152$222
48 years$13,112$7,405$3,984$2,068$1,046$194
49 years$12,698$7,071$3,745$1,911$950$169
50 years$12,302$6,755$3,521$1,766$863$147

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 $4,510 every year, while hoping to spend $20,339 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: 54/40/6 Blend
64$12,600,000$12,600,000$12,600,000$12,600,000
65$13,889,852$13,222,052$13,026,752$14,620,978
66$15,284,976$13,848,292$13,441,508$15,741,695
67$16,821,722$14,504,536$13,869,476$16,958,132
68$18,514,512$15,192,233$14,311,078$18,281,473
69$20,379,242$15,912,902$14,766,749$19,721,840
70$22,433,425$16,668,135$15,236,936$21,290,354
71$24,696,364$17,459,603$15,722,103$22,999,228
72$27,189,327$18,289,057$16,222,727$24,861,883
73$29,935,751$19,158,334$16,739,300$26,893,069
74$32,961,463$20,069,357$17,272,332$29,108,994
75$36,294,924$21,024,148$17,822,347$31,527,473
76$39,967,496$22,024,821$18,389,886$34,168,093
77$44,013,742$23,073,599$18,975,509$37,052,385
78$48,471,746$24,172,807$19,579,790$40,204,027
79$53,383,477$25,324,888$20,203,326$43,649,055
80$58,795,185$26,532,400$20,846,731$47,416,102
81$64,757,835$27,798,029$21,510,637$51,536,662
82$71,327,589$29,124,587$22,195,699$56,045,380
83$78,566,339$30,515,028$22,902,590$60,980,364
84$86,542,286$31,972,445$23,632,008$66,383,542
85$95,330,588$33,500,084$24,384,669$72,301,047
86$105,014,069$35,101,348$25,161,316$78,783,637
87$115,683,997$36,779,808$25,962,713$85,887,171
88$127,440,950$38,539,204$26,789,649$93,673,120
89$140,395,763$40,383,461$27,642,939$102,209,137
90$154,670,577$42,316,697$28,523,424$111,569,684
91$170,399,987$44,343,225$29,431,969$121,836,721
92$187,732,316$46,467,574$30,369,471$133,100,469
93$206,831,016$48,694,489$31,336,852$145,460,241
94$227,876,208$51,028,948$32,335,065$159,025,373
95$251,066,386$53,476,171$33,365,094$173,916,235
96$276,620,286$56,041,632$34,427,953$190,265,354
97$304,778,955$58,731,072$35,524,690$208,218,645
98$335,808,026$61,550,512$36,656,385$227,936,775
99$370,000,223$64,506,265$37,824,152$249,596,656
100$407,678,127$67,604,954$39,029,142$273,393,100