Can I retire at age 55 with 12,000,000?

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 $12,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$990,949$982,122$973,510$965,105$956,897$922,212
2 years$490,569$481,432$472,578$463,993$455,665$421,101
3 years$323,797$314,621$305,789$297,285$289,093$255,737
4 years$240,428$231,280$222,536$214,177$206,183$174,290
5 years$190,419$181,326$172,697$164,508$156,737$126,389
6 years$157,091$148,067$139,565$131,559$124,021$95,241
7 years$133,294$124,346$115,979$108,162$100,862$73,643
8 years$115,455$106,588$98,360$90,734$83,675$57,993
9 years$101,588$92,804$84,717$77,285$70,466$46,288
10 years$90,500$81,802$73,858$66,621$60,041$37,323
11 years$81,434$72,823$65,024$57,980$51,637$30,332
12 years$73,885$65,362$57,707$50,856$44,748$24,804
13 years$67,502$59,068$51,557$44,898$39,021$20,383
14 years$62,035$53,692$46,324$39,856$34,205$16,816
15 years$57,302$49,048$41,825$35,544$30,117$13,918
16 years$53,165$45,001$37,920$31,826$26,618$11,549
17 years$49,518$41,444$34,506$28,595$23,601$9,604
18 years$46,279$38,296$31,499$25,770$20,985$8,001
19 years$43,385$35,493$28,836$23,286$18,704$6,675
20 years$40,784$32,981$26,464$21,090$16,707$5,575
21 years$38,434$30,721$24,342$19,140$14,951$4,661
22 years$36,300$28,677$22,435$17,403$13,401$3,900
23 years$34,354$26,821$20,715$15,849$12,030$3,266
24 years$32,574$25,129$19,158$14,455$10,813$2,736
25 years$30,938$23,583$17,744$13,201$9,730$2,294
26 years$29,430$22,164$16,457$12,071$8,764$1,924
27 years$28,037$20,859$15,281$11,049$7,902$1,614
28 years$26,745$19,655$14,206$10,123$7,130$1,354
29 years$25,545$18,542$13,220$9,283$6,438$1,136
30 years$24,427$17,511$12,314$8,519$5,817$954
31 years$23,383$16,554$11,480$7,824$5,259$801
32 years$22,406$15,663$10,711$7,191$4,757$673
33 years$21,490$14,834$10,001$6,613$4,305$565
34 years$20,630$14,059$9,344$6,084$3,898$474
35 years$19,821$13,335$8,736$5,601$3,531$398
36 years$19,059$12,656$8,172$5,158$3,199$335
37 years$18,339$12,021$7,649$4,753$2,899$281
38 years$17,659$11,424$7,163$4,381$2,629$236
39 years$17,016$10,863$6,711$4,039$2,384$198
40 years$16,406$10,335$6,290$3,725$2,162$167
41 years$15,827$9,838$5,898$3,437$1,961$140
42 years$15,278$9,370$5,533$3,172$1,780$118
43 years$14,755$8,927$5,192$2,928$1,615$99
44 years$14,258$8,510$4,873$2,704$1,466$83
45 years$13,784$8,115$4,576$2,497$1,331$70
46 years$13,332$7,741$4,298$2,307$1,209$59
47 years$12,900$7,387$4,038$2,131$1,097$49
48 years$12,488$7,052$3,794$1,969$997$41
49 years$12,094$6,735$3,567$1,820$905$35
50 years$11,716$6,433$3,353$1,682$822$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $12,000,000, adding $4,802 every year, while hoping to spend $21,792 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: 61/25/14 Blend
54$12,000,000$12,000,000$12,000,000$12,000,000
55$13,228,953$12,592,953$12,406,953$13,990,039
56$14,555,120$13,186,821$12,799,400$15,096,267
57$16,015,825$13,809,059$13,204,263$16,300,002
58$17,624,769$14,461,032$13,621,935$17,613,039
59$19,397,048$15,144,176$14,052,823$19,045,961
60$21,349,298$15,859,991$14,497,343$20,610,406
61$23,499,851$16,610,055$14,955,928$22,319,173
62$25,868,907$17,396,019$15,429,023$24,186,339
63$28,478,727$18,219,615$15,917,087$26,227,388
64$31,353,841$19,082,661$16,420,594$28,459,355
65$34,521,281$19,987,059$16,940,031$30,900,981
66$38,010,834$20,934,807$17,475,905$33,572,888
67$41,855,326$21,927,999$18,028,734$36,497,764
68$46,090,928$22,968,831$18,599,056$39,700,580
69$50,757,502$24,059,603$19,187,424$43,208,814
70$55,898,974$25,202,730$19,794,409$47,052,711
71$61,563,748$26,400,743$20,420,601$51,265,557
72$67,805,167$27,656,295$21,066,607$55,883,994
73$74,682,010$28,972,170$21,733,055$60,948,357
74$82,259,054$30,351,285$22,420,591$66,503,048
75$90,607,680$31,796,700$23,129,883$72,596,950
76$99,806,549$33,311,624$23,861,620$79,283,882
77$109,942,344$34,899,422$24,616,512$86,623,100
78$121,110,590$36,563,620$25,395,292$94,679,846
79$133,416,552$38,307,919$26,198,716$103,525,965
80$146,976,232$40,136,199$27,027,564$113,240,563
81$161,917,462$42,052,526$27,882,641$123,910,756
82$178,381,111$44,061,168$28,764,778$135,632,478
83$196,522,416$46,166,597$29,674,830$148,511,380
84$216,512,447$48,373,505$30,613,681$162,663,816
85$238,539,721$50,686,811$31,582,244$178,217,934
86$262,811,981$53,111,674$32,581,458$195,314,871
87$289,558,160$55,653,503$33,612,294$214,110,081
88$319,030,539$58,317,971$34,675,752$234,774,783
89$351,507,130$61,111,027$35,772,866$257,497,574
90$387,294,301$64,038,911$36,904,700$282,486,189
91$426,729,667$67,108,165$38,072,355$309,969,457
92$470,185,277$70,325,650$39,276,964$340,199,438
93$518,071,130$73,698,561$40,519,696$373,453,799
94$570,839,038$77,234,443$41,801,758$410,038,411
95$628,986,899$80,941,210$43,124,397$450,290,227
96$693,063,394$84,827,161$44,488,895$494,580,442
97$763,673,166$88,900,998$45,896,579$543,317,985
98$841,482,530$93,171,848$47,348,816$596,953,356
99$927,225,763$97,649,282$48,847,015$655,982,866
100$1,021,712,033$102,343,340$50,392,633$720,953,298