Can I retire at age 65 with 12,900,000?

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 $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$995,736
2 years$527,361$517,540$508,021$498,792$489,840$456,969
3 years$348,082$338,218$328,723$319,581$310,775$278,993
4 years$258,460$248,626$239,226$230,240$221,647$191,197
5 years$204,701$194,926$185,649$176,846$168,493$139,457
6 years$168,873$159,172$150,032$141,425$133,322$105,725
7 years$143,292$133,672$124,678$116,274$108,427$82,265
8 years$124,114$114,582$105,736$97,539$89,951$65,206
9 years$109,207$99,764$91,071$83,082$75,751$52,396
10 years$97,287$87,937$79,398$71,617$64,544$42,542
11 years$87,542$78,285$69,900$62,328$55,510$34,821
12 years$79,426$70,265$62,035$54,670$48,104$28,684
13 years$72,564$63,499$55,424$48,266$41,947$23,749
14 years$66,688$57,718$49,799$42,845$36,771$19,744
15 years$61,600$52,727$44,962$38,210$32,376$16,469
16 years$57,152$48,376$40,764$34,213$28,614$13,776
17 years$53,231$44,552$37,094$30,740$25,371$11,549
18 years$49,750$41,168$33,862$27,703$22,559$9,700
19 years$46,639$38,154$30,999$25,032$20,107$8,160
20 years$43,843$35,455$28,449$22,671$17,960$6,873
21 years$41,316$33,025$26,168$20,576$16,072$5,796
22 years$39,022$30,828$24,118$18,708$14,407$4,892
23 years$36,931$28,832$22,268$17,038$12,932$4,132
24 years$35,017$27,014$20,595$15,539$11,624$3,492
25 years$33,258$25,351$19,075$14,192$10,460$2,953
26 years$31,638$23,826$17,691$12,976$9,422$2,499
27 years$30,140$22,423$16,427$11,877$8,494$2,115
28 years$28,751$21,129$15,271$10,882$7,665$1,790
29 years$27,461$19,933$14,211$9,979$6,921$1,516
30 years$26,259$18,825$13,237$9,158$6,254$1,284
31 years$25,136$17,796$12,341$8,411$5,654$1,088
32 years$24,086$16,838$11,514$7,730$5,114$922
33 years$23,102$15,946$10,751$7,108$4,628$782
34 years$22,178$15,113$10,045$6,540$4,190$662
35 years$21,308$14,335$9,391$6,021$3,795$562
36 years$20,488$13,606$8,785$5,545$3,439$476
37 years$19,715$12,922$8,223$5,109$3,117$404
38 years$18,984$12,281$7,700$4,709$2,826$342
39 years$18,292$11,678$7,214$4,342$2,562$290
40 years$17,636$11,111$6,762$4,005$2,324$246
41 years$17,014$10,576$6,341$3,695$2,109$209
42 years$16,424$10,072$5,948$3,410$1,913$177
43 years$15,862$9,597$5,581$3,148$1,736$150
44 years$15,327$9,148$5,239$2,907$1,576$127
45 years$14,817$8,723$4,919$2,684$1,431$108
46 years$14,332$8,322$4,620$2,479$1,299$92
47 years$13,868$7,941$4,341$2,291$1,180$78
48 years$13,424$7,581$4,079$2,117$1,071$66
49 years$13,001$7,240$3,834$1,956$973$56
50 years$12,595$6,916$3,605$1,808$884$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $12,900,000, adding $2,702 every year, while hoping to spend $37,580 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: 39/49/12 Blend
64$12,900,000$12,900,000$12,900,000$12,900,000
65$14,218,587$13,534,887$13,334,937$14,721,542
66$15,628,898$14,158,112$13,741,673$15,701,352
67$17,181,801$14,810,615$14,160,774$16,756,215
68$18,891,802$15,493,791$14,592,617$17,895,943
69$20,774,882$16,209,104$15,037,586$19,128,207
70$22,848,654$16,958,084$15,496,079$20,461,412
71$25,132,524$17,742,338$15,968,506$21,904,776
72$27,647,879$18,563,550$16,455,288$23,468,406
73$30,418,283$19,423,484$16,956,860$25,163,393
74$33,469,703$20,323,990$17,473,670$27,001,903
75$36,830,754$21,267,006$18,006,179$28,997,286
76$40,532,967$22,254,566$18,554,862$31,164,199
77$44,611,088$23,288,798$19,120,209$33,518,731
78$49,103,406$24,371,936$19,702,723$36,078,546
79$54,052,113$25,506,320$20,302,923$38,863,047
80$59,503,703$26,694,405$20,921,346$41,893,543
81$65,509,411$27,938,761$21,558,541$45,193,445
82$72,125,695$29,242,084$22,215,077$48,788,472
83$79,414,772$30,607,202$22,891,538$52,706,891
84$87,445,201$32,037,077$23,588,526$56,979,764
85$96,292,532$33,534,815$24,306,662$61,641,234
86$106,040,020$35,103,671$25,046,586$66,728,837
87$116,779,411$36,747,059$25,808,954$72,283,838
88$128,611,803$38,468,557$26,594,447$78,351,611
89$141,648,607$40,271,917$27,403,761$84,982,054
90$156,012,595$42,161,071$28,237,617$92,230,042
91$171,839,059$44,140,142$29,096,756$100,155,932
92$189,277,087$46,213,453$29,981,942$108,826,116
93$208,490,972$48,385,535$30,893,959$118,313,632
94$229,661,764$50,661,139$31,833,620$128,698,832
95$252,988,976$53,045,246$32,801,758$140,070,128
96$278,692,467$55,543,079$33,799,232$152,524,802
97$307,014,520$58,160,111$34,826,928$166,169,906
98$338,222,129$60,902,084$35,885,758$181,123,253
99$372,609,515$63,775,016$36,976,660$197,514,504
100$410,500,910$66,785,216$38,100,603$215,486,370