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%19.7%
1 years$1,007,465$998,491$989,735$981,190$972,845$934,985
2 years$498,745$489,456$480,454$471,726$463,260$425,573
3 years$329,194$319,865$310,886$302,239$293,911$257,585
4 years$244,435$235,135$226,245$217,746$209,620$174,931
5 years$193,593$184,348$175,575$167,250$159,350$126,386
6 years$159,709$150,534$141,891$133,751$126,088$94,872
7 years$135,516$126,419$117,912$109,964$102,543$73,065
8 years$117,379$108,364$99,999$92,246$85,069$57,299
9 years$103,281$94,350$86,129$78,573$71,641$45,538
10 years$92,008$83,165$75,089$67,731$61,042$36,556
11 years$82,791$74,037$66,107$58,946$52,498$29,573
12 years$75,116$66,452$58,669$51,704$45,493$24,070
13 years$68,627$60,053$52,416$45,647$39,671$19,685
14 years$63,069$54,586$47,096$40,520$34,776$16,161
15 years$58,257$49,866$42,522$36,137$30,619$13,309
16 years$54,051$45,751$38,552$32,357$27,061$10,988
17 years$50,343$42,135$35,081$29,072$23,994$9,091
18 years$47,051$38,934$32,024$26,200$21,335$7,533
19 years$44,109$36,084$29,317$23,674$19,016$6,251
20 years$41,464$33,531$26,906$21,441$16,986$5,194
21 years$39,074$31,233$24,748$19,459$15,200$4,319
22 years$36,905$29,155$22,809$17,693$13,625$3,594
23 years$34,927$27,268$21,060$16,113$12,230$2,993
24 years$33,116$25,548$19,477$14,696$10,993$2,494
25 years$31,453$23,976$18,040$13,421$9,892$2,079
26 years$29,921$22,533$16,731$12,272$8,910$1,733
27 years$28,504$21,206$15,536$11,233$8,033$1,446
28 years$27,191$19,983$14,443$10,292$7,249$1,206
29 years$25,971$18,851$13,440$9,438$6,545$1,007
30 years$24,834$17,803$12,519$8,661$5,914$840
31 years$23,772$16,830$11,671$7,955$5,347$701
32 years$22,779$15,925$10,889$7,311$4,837$586
33 years$21,848$15,081$10,167$6,723$4,377$489
34 years$20,974$14,293$9,500$6,186$3,963$408
35 years$20,152$13,557$8,882$5,694$3,590$341
36 years$19,376$12,867$8,309$5,244$3,252$285
37 years$18,645$12,221$7,777$4,832$2,948$238
38 years$17,954$11,614$7,283$4,454$2,672$199
39 years$17,299$11,044$6,823$4,106$2,423$166
40 years$16,679$10,508$6,395$3,788$2,198$139
41 years$16,091$10,002$5,997$3,495$1,994$116
42 years$15,532$9,526$5,625$3,225$1,809$97
43 years$15,001$9,076$5,278$2,977$1,642$81
44 years$14,495$8,651$4,955$2,749$1,491$67
45 years$14,013$8,250$4,652$2,539$1,353$56
46 years$13,554$7,870$4,370$2,345$1,229$47
47 years$13,115$7,511$4,105$2,166$1,116$39
48 years$12,696$7,170$3,858$2,002$1,013$33
49 years$12,295$6,847$3,626$1,850$920$27
50 years$11,911$6,540$3,409$1,710$836$23

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 $3,479 every year, while hoping to spend $53,328 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: 74/15/11 Blend
54$12,200,000$12,200,000$12,200,000$12,200,000
55$13,447,989$12,801,389$12,612,289$14,414,382
56$14,762,943$13,371,916$12,978,060$15,623,275
57$16,210,235$13,968,612$13,354,297$16,940,330
58$17,803,308$14,592,702$13,741,294$18,381,805
59$19,556,972$15,245,472$14,139,354$19,960,014
60$21,487,548$15,928,265$14,548,788$21,688,514
61$23,613,020$16,642,492$14,969,914$23,582,228
62$25,953,202$17,389,628$15,403,061$25,657,585
63$28,529,931$18,171,222$15,848,565$27,932,673
64$31,367,265$18,988,893$16,306,773$30,427,406
65$34,491,716$19,844,339$16,778,040$33,163,712
66$37,932,499$20,739,339$17,262,732$36,165,737
67$41,721,804$21,675,757$17,761,224$39,460,066
68$45,895,104$22,655,546$18,273,901$43,075,980
69$50,491,488$23,680,751$18,801,160$47,045,721
70$55,554,028$24,753,516$19,343,407$51,404,798
71$61,130,188$25,876,087$19,901,061$56,192,317
72$67,272,270$27,050,818$20,474,549$61,451,349
73$74,037,909$28,280,176$21,064,314$67,229,333
74$81,490,615$29,566,744$21,670,808$73,578,519
75$89,700,374$30,913,230$22,294,496$80,556,456
76$98,744,305$32,322,472$22,935,855$88,226,538
77$108,707,395$33,797,443$23,595,376$96,658,590
78$119,683,291$35,341,260$24,273,564$105,929,530
79$131,775,193$36,957,188$24,970,934$116,124,086
80$145,096,821$38,648,648$25,688,019$127,335,596
81$159,773,493$40,419,228$26,425,363$139,666,880
82$175,943,304$42,272,686$27,183,528$153,231,207
83$193,758,433$44,212,959$27,963,088$168,153,361
84$213,386,576$46,244,177$28,764,635$184,570,812
85$235,012,530$48,370,665$29,588,773$202,635,009
86$258,839,938$50,596,957$30,436,127$222,512,802
87$285,093,210$52,927,806$31,307,335$244,388,014
88$314,019,640$55,368,192$32,203,054$268,463,169
89$345,891,745$57,923,335$33,123,958$294,961,395
90$381,009,831$60,598,705$34,070,738$324,128,526
91$419,704,830$63,400,039$35,044,105$356,235,415
92$462,341,428$66,333,346$36,044,787$391,580,484
93$509,321,500$69,404,926$37,073,534$430,492,531
94$561,087,908$72,621,383$38,131,112$473,333,830
95$618,128,682$75,989,638$39,218,312$520,503,536
96$680,981,624$79,516,946$40,335,942$572,441,451
97$750,239,386$83,210,913$41,484,832$629,632,162
98$826,555,065$87,079,510$42,665,836$692,609,610
99$910,648,369$91,131,093$43,879,828$761,962,115
100$1,003,312,407$95,374,421$45,127,707$838,337,925