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%18.5%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$977,951
2 years$519,185$509,516$500,145$491,059$482,246$447,575
3 years$342,685$332,974$323,627$314,626$305,956$272,469
4 years$254,453$244,771$235,517$226,670$218,211$186,162
5 years$201,527$191,904$182,771$174,105$165,880$135,355
6 years$166,255$156,704$147,706$139,233$131,255$102,278
7 years$141,070$131,600$122,745$114,471$106,746$79,311
8 years$122,190$112,805$104,097$96,027$88,556$62,642
9 years$107,513$98,217$89,659$81,794$74,577$50,151
10 years$95,779$86,574$78,167$70,507$63,543$40,566
11 years$86,184$77,071$68,817$61,362$54,649$33,075
12 years$78,195$69,175$61,073$53,823$47,358$27,137
13 years$71,439$62,514$54,565$47,517$41,297$22,377
14 years$65,654$56,824$49,027$42,181$36,201$18,525
15 years$60,645$51,909$44,264$37,618$31,874$15,387
16 years$56,266$47,626$40,132$33,683$28,170$12,815
17 years$52,406$43,862$36,519$30,264$24,978$10,696
18 years$48,979$40,530$33,337$27,274$22,209$8,944
19 years$45,916$37,563$30,518$24,644$19,795$7,490
20 years$43,163$34,905$28,008$22,320$17,682$6,280
21 years$40,676$32,513$25,762$20,257$15,823$5,271
22 years$38,417$30,350$23,744$18,418$14,183$4,428
23 years$36,358$28,385$21,923$16,774$12,732$3,722
24 years$34,474$26,595$20,275$15,299$11,443$3,131
25 years$32,743$24,958$18,779$13,972$10,297$2,635
26 years$31,147$23,457$17,417$12,775$9,276$2,219
27 years$29,672$22,076$16,173$11,693$8,363$1,869
28 years$28,306$20,802$15,035$10,713$7,546$1,574
29 years$27,035$19,624$13,991$9,824$6,814$1,327
30 years$25,852$18,533$13,032$9,016$6,157$1,118
31 years$24,747$17,520$12,150$8,281$5,566$943
32 years$23,713$16,577$11,336$7,610$5,035$795
33 years$22,744$15,699$10,584$6,998$4,557$670
34 years$21,834$14,879$9,889$6,439$4,126$565
35 years$20,977$14,112$9,246$5,927$3,737$477
36 years$20,171$13,395$8,649$5,459$3,386$402
37 years$19,409$12,722$8,095$5,030$3,068$339
38 years$18,689$12,090$7,581$4,636$2,782$286
39 years$18,008$11,497$7,103$4,275$2,523$242
40 years$17,363$10,938$6,657$3,943$2,288$204
41 years$16,751$10,412$6,242$3,638$2,076$172
42 years$16,169$9,916$5,856$3,357$1,884$145
43 years$15,616$9,448$5,495$3,099$1,710$122
44 years$15,089$9,006$5,158$2,861$1,552$103
45 years$14,588$8,588$4,843$2,643$1,409$87
46 years$14,109$8,193$4,549$2,441$1,279$74
47 years$13,653$7,818$4,273$2,255$1,161$62
48 years$13,216$7,464$4,016$2,084$1,055$52
49 years$12,799$7,127$3,775$1,926$958$44
50 years$12,400$6,808$3,549$1,780$870$37

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 $4,560 every year, while hoping to spend $31,305 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: 58/17/25 Blend
64$12,700,000$12,700,000$12,700,000$12,700,000
65$14,000,104$13,327,004$13,130,154$14,717,057
66$15,394,806$13,946,719$13,536,706$15,826,936
67$16,930,719$14,595,750$13,955,828$17,032,742
68$18,622,212$15,275,502$14,387,908$18,346,818
69$20,485,122$15,987,446$14,833,347$19,779,651
70$22,536,897$16,733,123$15,292,556$21,342,776
71$24,796,765$17,514,151$15,765,962$23,048,880
72$27,285,914$18,332,223$16,254,001$24,911,921
73$30,027,693$19,189,118$16,757,125$26,947,257
74$33,047,829$20,086,697$17,275,801$29,171,785
75$36,374,675$21,026,912$17,810,508$31,604,097
76$40,039,472$22,011,811$18,361,740$34,264,656
77$44,076,648$23,043,539$18,930,008$37,175,980
78$48,524,140$24,124,347$19,515,837$40,362,855
79$53,423,754$25,256,591$20,119,769$43,852,561
80$58,821,558$26,442,745$20,742,362$47,675,131
81$64,768,319$27,685,401$21,384,193$51,863,621
82$71,319,978$28,987,277$22,045,854$56,454,426
83$78,538,183$30,351,221$22,727,958$61,487,616
84$86,490,868$31,780,221$23,431,135$67,007,305
85$95,252,893$33,277,408$24,156,034$73,062,069
86$104,906,752$34,846,066$24,903,326$79,705,394
87$115,543,355$36,489,637$25,673,701$86,996,177
88$127,262,879$38,211,731$26,467,872$94,999,275
89$140,175,718$40,016,131$27,286,571$103,786,114
90$154,403,526$41,906,806$28,130,556$113,435,350
91$170,080,362$43,887,916$29,000,606$124,033,614
92$187,353,956$45,963,821$29,897,523$135,676,315
93$206,387,108$48,139,096$30,822,138$148,468,537
94$227,359,216$50,418,535$31,775,304$162,526,020
95$250,467,980$52,807,167$32,757,900$177,976,250
96$275,931,258$55,310,263$33,770,834$194,959,648
97$303,989,130$57,933,349$34,815,040$213,630,892
98$334,906,161$60,682,223$35,891,484$234,160,362
99$368,973,899$63,562,961$37,001,158$256,735,746
100$406,513,626$66,581,936$38,145,086$281,563,796