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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.6%
1 years$999,207$990,306$981,623$973,147$964,871$935,108
2 years$494,657$485,444$476,516$467,859$459,462$429,737
3 years$326,495$317,243$308,337$299,762$291,502$262,746
4 years$242,431$233,207$224,391$215,962$207,902$180,336
5 years$192,006$182,837$174,136$165,879$158,043$131,743
6 years$158,400$149,300$140,728$132,655$125,054$100,041
7 years$134,405$125,382$116,946$109,063$101,703$77,976
8 years$116,417$107,476$99,179$91,490$84,372$61,915
9 years$102,434$93,577$85,423$77,929$71,054$49,843
10 years$91,254$82,484$74,474$67,176$60,541$40,546
11 years$82,113$73,430$65,565$58,463$52,067$33,252
12 years$74,500$65,907$58,188$51,280$45,121$27,445
13 years$68,064$59,561$51,987$45,273$39,346$22,770
14 years$62,552$54,139$46,710$40,188$34,490$18,969
15 years$57,780$49,457$42,173$35,841$30,368$15,857
16 years$53,608$45,376$38,236$32,091$26,839$13,292
17 years$49,930$41,789$34,793$28,834$23,798$11,168
18 years$46,665$38,615$31,762$25,985$21,160$9,401
19 years$43,747$35,788$29,077$23,480$18,860$7,926
20 years$41,124$33,256$26,685$21,265$16,846$6,692
21 years$38,754$30,977$24,545$19,300$15,076$5,656
22 years$36,602$28,916$22,622$17,548$13,513$4,785
23 years$34,641$27,044$20,887$15,981$12,130$4,051
24 years$32,845$25,339$19,317$14,576$10,903$3,432
25 years$31,196$23,779$17,892$13,311$9,811$2,909
26 years$29,676$22,349$16,594$12,171$8,837$2,467
27 years$28,271$21,033$15,409$11,141$7,968$2,093
28 years$26,968$19,819$14,324$10,207$7,189$1,777
29 years$25,758$18,697$13,330$9,360$6,492$1,508
30 years$24,630$17,657$12,416$8,590$5,866$1,281
31 years$23,578$16,692$11,576$7,890$5,303$1,088
32 years$22,593$15,794$10,800$7,251$4,797$924
33 years$21,669$14,957$10,084$6,668$4,341$785
34 years$20,802$14,176$9,422$6,135$3,931$667
35 years$19,986$13,446$8,809$5,647$3,560$567
36 years$19,218$12,762$8,241$5,201$3,226$482
37 years$18,492$12,121$7,713$4,792$2,924$410
38 years$17,806$11,519$7,223$4,417$2,650$348
39 years$17,158$10,954$6,767$4,073$2,403$296
40 years$16,543$10,421$6,343$3,757$2,180$252
41 years$15,959$9,920$5,948$3,466$1,978$214
42 years$15,405$9,448$5,579$3,199$1,795$182
43 years$14,878$9,002$5,235$2,953$1,629$155
44 years$14,377$8,581$4,914$2,726$1,478$131
45 years$13,899$8,182$4,614$2,518$1,342$112
46 years$13,443$7,806$4,334$2,326$1,219$95
47 years$13,008$7,449$4,071$2,149$1,107$81
48 years$12,592$7,111$3,826$1,985$1,005$69
49 years$12,194$6,791$3,596$1,835$913$58
50 years$11,814$6,487$3,381$1,696$829$50

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 $5,465 every year, while hoping to spend $57,990 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: 30/49/21 Blend
54$12,100,000$12,100,000$12,100,000$12,100,000
55$13,339,837$12,698,537$12,510,987$13,652,300
56$14,638,800$13,259,065$12,868,404$14,451,577
57$16,068,313$13,845,114$13,235,851$15,305,278
58$17,641,631$14,457,876$13,613,603$16,222,491
59$19,373,360$15,098,594$14,001,942$17,208,747
60$21,279,593$15,768,575$14,401,156$18,270,100
61$23,378,061$16,469,185$14,811,544$19,413,178
62$25,688,303$17,201,854$15,233,411$20,645,243
63$28,231,848$17,968,084$15,667,069$21,974,252
64$31,032,421$18,769,444$16,112,840$23,408,925
65$34,116,161$19,607,580$16,571,053$24,958,821
66$37,511,873$20,484,215$17,042,046$26,634,423
67$41,251,297$21,401,154$17,526,168$28,447,228
68$45,369,409$22,360,291$18,023,775$30,409,848
69$49,904,748$23,363,604$18,535,231$32,536,122
70$54,899,783$24,413,172$19,060,912$34,841,239
71$60,401,312$25,511,168$19,601,203$37,341,873
72$66,460,901$26,659,871$20,156,499$40,056,327
73$73,135,376$27,861,668$20,727,205$43,004,704
74$80,487,355$29,119,060$21,313,737$46,209,082
75$88,585,839$30,434,668$21,916,521$49,693,711
76$97,506,865$31,811,237$22,535,994$53,485,235
77$107,334,222$33,251,644$23,172,606$57,612,933
78$118,160,241$34,758,903$23,826,817$62,108,977
79$130,086,668$36,336,172$24,499,099$67,008,732
80$143,225,625$37,986,761$25,189,935$72,351,071
81$157,700,664$39,714,138$25,899,823$78,178,731
82$173,647,937$41,521,936$26,629,273$84,538,702
83$191,217,479$43,413,963$27,378,805$91,482,656
84$210,574,624$45,394,209$28,148,957$99,067,421
85$231,901,565$47,466,855$28,940,278$107,355,499
86$255,399,078$49,636,283$29,753,329$116,415,639
87$281,288,408$51,907,086$30,588,690$126,323,473
88$309,813,367$54,284,074$31,446,953$137,162,207
89$341,242,628$56,772,291$32,328,723$149,023,387
90$375,872,265$59,377,023$33,234,624$162,007,749
91$414,028,546$62,103,807$34,165,294$176,226,142
92$456,071,013$64,958,449$35,121,387$191,800,556
93$502,395,876$67,947,032$36,103,573$208,865,252
94$553,439,751$71,075,933$37,112,539$227,568,002
95$609,683,786$74,351,834$38,148,989$248,071,461
96$671,658,198$77,781,739$39,213,646$270,554,677
97$739,947,280$81,372,990$40,307,249$295,214,750
98$815,194,916$85,133,281$41,430,555$322,268,670
99$898,110,661$89,070,675$42,584,343$351,955,329
100$989,476,437$93,193,627$43,769,407$384,537,747