Can I retire at age 55 with 12,100,000?

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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$999,207$990,306$981,623$973,147$964,871$945,390
2 years$494,657$485,444$476,516$467,859$459,462$439,921
3 years$326,495$317,243$308,337$299,762$291,502$272,509
4 years$242,431$233,207$224,391$215,962$207,902$189,605
5 years$192,006$182,837$174,136$165,879$158,043$140,494
6 years$158,400$149,300$140,728$132,655$125,054$108,271
7 years$134,405$125,382$116,946$109,063$101,703$85,690
8 years$116,417$107,476$99,179$91,490$84,372$69,125
9 years$102,434$93,577$85,423$77,929$71,054$56,561
10 years$91,254$82,484$74,474$67,176$60,541$46,790
11 years$82,113$73,430$65,565$58,463$52,067$39,041
12 years$74,500$65,907$58,188$51,280$45,121$32,799
13 years$68,064$59,561$51,987$45,273$39,346$27,709
14 years$62,552$54,139$46,710$40,188$34,490$23,516
15 years$57,780$49,457$42,173$35,841$30,368$20,033
16 years$53,608$45,376$38,236$32,091$26,839$17,119
17 years$49,930$41,789$34,793$28,834$23,798$14,668
18 years$46,665$38,615$31,762$25,985$21,160$12,596
19 years$43,747$35,788$29,077$23,480$18,860$10,837
20 years$41,124$33,256$26,685$21,265$16,846$9,338
21 years$38,754$30,977$24,545$19,300$15,076$8,058
22 years$36,602$28,916$22,622$17,548$13,513$6,962
23 years$34,641$27,044$20,887$15,981$12,130$6,020
24 years$32,845$25,339$19,317$14,576$10,903$5,211
25 years$31,196$23,779$17,892$13,311$9,811$4,513
26 years$29,676$22,349$16,594$12,171$8,837$3,912
27 years$28,271$21,033$15,409$11,141$7,968$3,392
28 years$26,968$19,819$14,324$10,207$7,189$2,943
29 years$25,758$18,697$13,330$9,360$6,492$2,555
30 years$24,630$17,657$12,416$8,590$5,866$2,218
31 years$23,578$16,692$11,576$7,890$5,303$1,927
32 years$22,593$15,794$10,800$7,251$4,797$1,674
33 years$21,669$14,957$10,084$6,668$4,341$1,454
34 years$20,802$14,176$9,422$6,135$3,931$1,264
35 years$19,986$13,446$8,809$5,647$3,560$1,099
36 years$19,218$12,762$8,241$5,201$3,226$955
37 years$18,492$12,121$7,713$4,792$2,924$831
38 years$17,806$11,519$7,223$4,417$2,650$723
39 years$17,158$10,954$6,767$4,073$2,403$628
40 years$16,543$10,421$6,343$3,757$2,180$547
41 years$15,959$9,920$5,948$3,466$1,978$475
42 years$15,405$9,448$5,579$3,199$1,795$414
43 years$14,878$9,002$5,235$2,953$1,629$360
44 years$14,377$8,581$4,914$2,726$1,478$313
45 years$13,899$8,182$4,614$2,518$1,342$272
46 years$13,443$7,806$4,334$2,326$1,219$237
47 years$13,008$7,449$4,071$2,149$1,107$206
48 years$12,592$7,111$3,826$1,985$1,005$179
49 years$12,194$6,791$3,596$1,835$913$156
50 years$11,814$6,487$3,381$1,696$829$136

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $12,100,000, adding $5,977 every year, while hoping to spend $32,772 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: 44/45/11 Blend
54$12,100,000$12,100,000$12,100,000$12,100,000
55$13,340,365$12,699,065$12,511,515$13,885,006
56$14,666,213$13,286,450$12,895,782$14,851,742
57$16,126,200$13,901,519$13,291,823$15,895,104
58$17,733,971$14,545,593$13,699,999$17,025,199
59$19,504,567$15,220,058$14,120,679$18,250,015
60$21,454,559$15,926,366$14,554,247$19,578,314
61$23,602,205$16,666,040$15,001,097$21,019,716
62$25,967,630$17,440,675$15,461,633$22,584,776
63$28,573,004$18,251,944$15,936,274$24,285,083
64$31,442,762$19,101,601$16,425,450$26,133,360
65$34,603,828$19,991,483$16,929,607$28,143,581
66$38,085,870$20,923,518$17,449,200$30,331,093
67$41,921,583$21,899,724$17,984,703$32,712,756
68$46,146,993$22,922,220$18,536,599$35,307,094
69$50,801,802$23,993,224$19,105,391$38,134,461
70$55,929,758$25,115,064$19,691,593$41,217,227
71$61,579,069$26,290,178$20,295,738$44,579,979
72$67,802,861$27,521,124$20,918,372$48,249,747
73$74,659,676$28,810,582$21,560,061$52,256,246
74$82,214,025$30,161,363$22,221,385$56,632,149
75$90,536,998$31,576,412$22,902,944$61,413,385
76$99,706,935$33,058,819$23,605,355$66,639,467
77$109,810,162$34,611,821$24,329,254$72,353,856
78$120,941,812$36,238,814$25,075,298$78,604,355
79$133,206,717$37,943,356$25,844,161$85,443,553
80$146,720,401$39,729,179$26,636,539$92,929,305
81$161,610,169$41,600,195$27,453,150$101,125,269
82$178,016,308$43,560,507$28,294,732$110,101,486
83$196,093,413$45,614,413$29,162,047$119,935,034
84$216,011,845$47,766,424$30,055,880$130,710,734
85$237,959,340$50,021,265$30,977,038$142,521,940
86$262,142,779$52,383,893$31,926,355$155,471,399
87$288,790,144$54,859,506$32,904,690$169,672,204
88$318,152,668$57,453,550$33,912,926$185,248,848
89$350,507,205$60,171,740$34,951,974$202,338,371
90$386,158,849$63,020,064$36,022,774$221,091,641
91$425,443,808$66,004,803$37,126,293$241,674,754
92$468,732,580$69,132,542$38,263,528$264,270,579
93$516,433,453$72,410,186$39,435,505$289,080,463
94$568,996,354$75,844,974$40,643,284$316,326,105
95$626,917,102$79,444,497$41,887,953$346,251,625
96$690,742,084$83,216,716$43,170,638$379,125,840
97$761,073,417$87,169,975$44,492,494$415,244,776
98$838,574,628$91,313,027$45,854,716$454,934,432
99$923,976,922$95,655,047$47,258,531$498,553,825
100$1,018,086,082$100,205,659$48,705,206$546,498,350