Can I retire at age 55 with 12,200,000?

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$1,007,465$998,491$989,735$981,190$972,845$965,905
2 years$498,745$489,456$480,454$471,726$463,260$456,261
3 years$329,194$319,865$310,886$302,239$293,911$287,071
4 years$244,435$235,135$226,245$217,746$209,620$202,991
5 years$193,593$184,348$175,575$167,250$159,350$152,952
6 years$159,709$150,534$141,891$133,751$126,088$119,929
7 years$135,516$126,419$117,912$109,964$102,543$96,627
8 years$117,379$108,364$99,999$92,246$85,069$79,395
9 years$103,281$94,350$86,129$78,573$71,641$66,207
10 years$92,008$83,165$75,089$67,731$61,042$55,845
11 years$82,791$74,037$66,107$58,946$52,498$47,535
12 years$75,116$66,452$58,669$51,704$45,493$40,760
13 years$68,627$60,053$52,416$45,647$39,671$35,162
14 years$63,069$54,586$47,096$40,520$34,776$30,486
15 years$58,257$49,866$42,522$36,137$30,619$26,543
16 years$54,051$45,751$38,552$32,357$27,061$23,192
17 years$50,343$42,135$35,081$29,072$23,994$20,326
18 years$47,051$38,934$32,024$26,200$21,335$17,860
19 years$44,109$36,084$29,317$23,674$19,016$15,729
20 years$41,464$33,531$26,906$21,441$16,986$13,879
21 years$39,074$31,233$24,748$19,459$15,200$12,268
22 years$36,905$29,155$22,809$17,693$13,625$10,859
23 years$34,927$27,268$21,060$16,113$12,230$9,625
24 years$33,116$25,548$19,477$14,696$10,993$8,541
25 years$31,453$23,976$18,040$13,421$9,892$7,586
26 years$29,921$22,533$16,731$12,272$8,910$6,744
27 years$28,504$21,206$15,536$11,233$8,033$6,000
28 years$27,191$19,983$14,443$10,292$7,249$5,342
29 years$25,971$18,851$13,440$9,438$6,545$4,759
30 years$24,834$17,803$12,519$8,661$5,914$4,242
31 years$23,772$16,830$11,671$7,955$5,347$3,782
32 years$22,779$15,925$10,889$7,311$4,837$3,374
33 years$21,848$15,081$10,167$6,723$4,377$3,012
34 years$20,974$14,293$9,500$6,186$3,963$2,689
35 years$20,152$13,557$8,882$5,694$3,590$2,401
36 years$19,376$12,867$8,309$5,244$3,252$2,145
37 years$18,645$12,221$7,777$4,832$2,948$1,916
38 years$17,954$11,614$7,283$4,454$2,672$1,713
39 years$17,299$11,044$6,823$4,106$2,423$1,531
40 years$16,679$10,508$6,395$3,788$2,198$1,368
41 years$16,091$10,002$5,997$3,495$1,994$1,224
42 years$15,532$9,526$5,625$3,225$1,809$1,094
43 years$15,001$9,076$5,278$2,977$1,642$979
44 years$14,495$8,651$4,955$2,749$1,491$875
45 years$14,013$8,250$4,652$2,539$1,353$783
46 years$13,554$7,870$4,370$2,345$1,229$700
47 years$13,115$7,511$4,105$2,166$1,116$627
48 years$12,696$7,170$3,858$2,002$1,013$561
49 years$12,295$6,847$3,626$1,850$920$502
50 years$11,911$6,540$3,409$1,710$836$449

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $12,200,000, adding $4,958 every year, while hoping to spend $53,058 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: 68/9/23 Blend
54$12,200,000$12,200,000$12,200,000$12,200,000
55$13,449,514$12,802,914$12,613,814$14,285,201
56$14,764,911$13,373,804$12,979,924$15,416,847
57$16,212,701$13,970,888$13,356,520$16,647,797
58$17,806,330$14,595,396$13,743,897$17,993,190
59$19,560,618$15,248,613$14,142,360$19,464,324
60$21,491,891$15,931,885$14,552,219$21,073,635
61$23,618,142$16,646,625$14,973,796$22,834,816
62$25,959,193$17,394,310$15,407,418$24,762,938
63$28,536,889$18,176,490$15,853,426$26,874,599
64$31,375,301$18,994,787$16,312,165$29,188,071
65$34,500,952$19,850,902$16,783,992$31,723,476
66$37,943,068$20,746,615$17,269,275$34,502,971
67$41,733,856$21,683,794$17,768,391$37,550,954
68$45,908,802$22,664,393$18,281,725$40,894,296
69$50,507,013$23,690,461$18,809,676$44,562,589
70$55,571,580$24,764,146$19,352,652$48,588,425
71$61,149,988$25,887,695$19,911,072$53,007,698
72$67,294,562$27,063,467$20,485,368$57,859,944
73$74,062,961$28,293,931$21,075,982$63,188,709
74$81,518,724$29,581,675$21,683,368$69,041,960
75$89,731,868$30,929,411$22,307,995$75,472,531
76$98,779,546$32,339,980$22,950,341$82,538,621
77$108,746,781$33,816,360$23,610,898$90,304,341
78$119,727,263$35,361,672$24,290,174$98,840,313
79$131,824,236$36,979,186$24,988,687$108,224,337
80$145,151,471$38,672,330$25,706,971$118,542,119
81$159,834,341$40,444,694$26,445,574$129,888,078
82$176,011,003$42,300,042$27,205,060$142,366,233
83$193,833,701$44,242,320$27,986,005$156,091,179
84$213,470,205$46,275,661$28,789,003$171,189,169
85$235,105,396$48,404,398$29,614,665$187,799,299
86$258,943,005$50,633,072$30,463,614$206,074,814
87$285,207,540$52,966,441$31,336,494$226,184,555
88$314,146,408$55,409,495$32,233,965$248,314,546
89$346,032,242$57,967,461$33,156,704$272,669,743
90$381,165,483$60,645,819$34,105,406$299,475,966
91$419,877,210$63,450,312$35,080,784$328,982,027
92$462,532,268$66,386,960$36,083,573$361,462,066
93$509,532,710$69,462,072$37,114,524$397,218,144
94$561,321,596$72,682,262$38,174,409$436,583,078
95$618,387,169$76,054,463$39,264,022$479,923,582
96$681,267,469$79,585,942$40,384,177$527,643,723
97$750,555,412$83,284,314$41,535,708$580,188,725
98$826,904,383$87,157,564$42,719,473$638,049,167
99$911,034,407$91,214,062$43,936,352$701,765,607
100$1,003,738,945$95,462,579$45,187,249$771,933,677