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%13.3%
1 years$999,207$990,306$981,623$973,147$964,871$951,631
2 years$494,657$485,444$476,516$467,859$459,462$446,147
3 years$326,495$317,243$308,337$299,762$291,502$278,524
4 years$242,431$233,207$224,391$215,962$207,902$195,362
5 years$192,006$182,837$174,136$165,879$158,043$145,979
6 years$158,400$149,300$140,728$132,655$125,054$113,479
7 years$134,405$125,382$116,946$109,063$101,703$90,620
8 years$116,417$107,476$99,179$91,490$84,372$73,781
9 years$102,434$93,577$85,423$77,929$71,054$60,949
10 years$91,254$82,484$74,474$67,176$60,541$50,917
11 years$82,113$73,430$65,565$58,463$52,067$42,913
12 years$74,500$65,907$58,188$51,280$45,121$36,426
13 years$68,064$59,561$51,987$45,273$39,346$31,099
14 years$62,552$54,139$46,710$40,188$34,490$26,679
15 years$57,780$49,457$42,173$35,841$30,368$22,979
16 years$53,608$45,376$38,236$32,091$26,839$19,858
17 years$49,930$41,789$34,793$28,834$23,798$17,210
18 years$46,665$38,615$31,762$25,985$21,160$14,951
19 years$43,747$35,788$29,077$23,480$18,860$13,016
20 years$41,124$33,256$26,685$21,265$16,846$11,351
21 years$38,754$30,977$24,545$19,300$15,076$9,914
22 years$36,602$28,916$22,622$17,548$13,513$8,670
23 years$34,641$27,044$20,887$15,981$12,130$7,592
24 years$32,845$25,339$19,317$14,576$10,903$6,654
25 years$31,196$23,779$17,892$13,311$9,811$5,836
26 years$29,676$22,349$16,594$12,171$8,837$5,124
27 years$28,271$21,033$15,409$11,141$7,968$4,501
28 years$26,968$19,819$14,324$10,207$7,189$3,956
29 years$25,758$18,697$13,330$9,360$6,492$3,479
30 years$24,630$17,657$12,416$8,590$5,866$3,061
31 years$23,578$16,692$11,576$7,890$5,303$2,694
32 years$22,593$15,794$10,800$7,251$4,797$2,372
33 years$21,669$14,957$10,084$6,668$4,341$2,089
34 years$20,802$14,176$9,422$6,135$3,931$1,840
35 years$19,986$13,446$8,809$5,647$3,560$1,621
36 years$19,218$12,762$8,241$5,201$3,226$1,429
37 years$18,492$12,121$7,713$4,792$2,924$1,259
38 years$17,806$11,519$7,223$4,417$2,650$1,110
39 years$17,158$10,954$6,767$4,073$2,403$979
40 years$16,543$10,421$6,343$3,757$2,180$863
41 years$15,959$9,920$5,948$3,466$1,978$761
42 years$15,405$9,448$5,579$3,199$1,795$671
43 years$14,878$9,002$5,235$2,953$1,629$592
44 years$14,377$8,581$4,914$2,726$1,478$522
45 years$13,899$8,182$4,614$2,518$1,342$461
46 years$13,443$7,806$4,334$2,326$1,219$407
47 years$13,008$7,449$4,071$2,149$1,107$359
48 years$12,592$7,111$3,826$1,985$1,005$316
49 years$12,194$6,791$3,596$1,835$913$279
50 years$11,814$6,487$3,381$1,696$829$246

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 $6,078 every year, while hoping to spend $40,480 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: 55/18/27 Blend
54$12,100,000$12,100,000$12,100,000$12,100,000
55$13,340,469$12,699,169$12,511,619$13,974,357
56$14,658,127$13,278,358$12,887,688$14,990,941
57$16,108,829$13,884,571$13,274,999$16,092,854
58$17,706,103$14,519,088$13,673,885$17,292,182
59$19,464,855$15,183,253$14,084,690$18,598,309
60$21,401,511$15,878,474$14,507,768$20,021,556
61$23,534,170$16,606,224$14,943,483$21,573,272
62$25,882,776$17,368,049$15,392,210$23,265,942
63$28,469,306$18,165,570$15,854,336$25,113,301
64$31,317,976$19,000,484$16,330,257$27,130,456
65$34,455,472$19,874,570$16,820,382$29,334,033
66$37,911,198$20,789,692$17,325,134$31,742,323
67$41,717,559$21,747,806$17,844,944$34,375,456
68$45,910,260$22,750,958$18,380,260$37,255,586
69$50,528,648$23,801,297$18,931,540$40,407,094
70$55,616,081$24,901,072$19,499,258$43,856,816
71$61,220,339$26,052,641$20,083,900$47,634,291
72$67,394,070$27,258,477$20,685,967$51,772,039
73$74,195,293$28,521,170$21,305,975$56,305,857
74$81,687,942$29,843,437$21,944,455$61,275,157
75$89,942,470$31,228,124$22,601,952$66,723,330
76$99,036,515$32,678,215$23,279,030$72,698,153
77$109,055,630$34,196,837$23,976,268$79,252,232
78$120,094,092$35,787,270$24,694,261$86,443,494
79$132,255,792$37,452,950$25,433,622$94,335,728
80$145,655,218$39,197,479$26,194,983$102,999,181
81$160,418,529$41,024,634$26,978,994$112,511,213
82$176,684,752$42,938,374$27,786,323$122,957,022
83$194,607,091$44,942,849$28,617,659$134,430,441
84$214,354,374$47,042,408$29,473,710$147,034,817
85$236,112,647$49,241,613$30,355,206$160,883,976
86$260,086,929$51,545,244$31,262,897$176,103,293
87$286,503,147$53,958,312$32,197,556$192,830,865
88$315,610,271$56,486,073$33,159,977$211,218,806
89$347,682,662$59,134,033$34,150,979$231,434,675
90$383,022,661$61,907,968$35,171,405$253,663,046
91$421,963,445$64,813,932$36,222,120$278,107,245
92$464,872,172$67,858,270$37,304,017$304,991,251
93$512,153,446$71,047,638$38,418,014$334,561,809
94$564,253,136$74,389,010$39,565,055$367,090,742
95$621,662,585$77,889,701$40,746,114$402,877,504
96$684,923,250$81,557,378$41,962,190$442,252,000
97$754,631,813$85,400,080$43,214,314$485,577,685
98$831,445,809$89,426,236$44,503,546$533,254,979
99$916,089,843$93,644,683$45,830,976$585,725,036
100$1,009,362,419$98,064,685$47,197,726$643,473,895