Can I retire at age 55 with 12,300,000?

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$968,563
2 years$502,833$493,468$484,392$475,592$467,057$454,724
3 years$331,892$322,487$313,434$304,717$296,320$284,295
4 years$246,438$237,062$228,100$219,531$211,338$199,712
5 years$195,180$185,859$177,015$168,621$160,656$149,463
6 years$161,018$151,768$143,054$134,848$127,121$116,376
7 years$136,627$127,455$118,879$110,866$103,384$93,089
8 years$118,342$109,252$100,818$93,002$85,767$75,922
9 years$104,127$95,124$86,835$79,217$72,228$62,830
10 years$92,762$83,847$75,705$68,286$61,542$52,583
11 years$83,470$74,644$66,649$59,429$52,928$44,400
12 years$75,732$66,996$59,149$52,128$45,866$37,760
13 years$69,189$60,545$52,846$46,021$39,996$32,302
14 years$63,586$55,034$47,482$40,852$35,061$27,766
15 years$58,735$50,274$42,870$36,433$30,870$23,964
16 years$54,494$46,126$38,868$32,622$27,283$20,753
17 years$50,755$42,480$35,369$29,310$24,191$18,023
18 years$47,436$39,254$32,287$26,415$21,510$15,692
19 years$44,470$36,380$29,557$23,868$19,172$13,690
20 years$41,804$33,806$27,126$21,617$17,125$11,965
21 years$39,395$31,489$24,951$19,619$15,325$10,474
22 years$37,207$29,394$22,996$17,838$13,736$9,181
23 years$35,213$27,491$21,233$16,245$12,331$8,058
24 years$33,388$25,758$19,637$14,817$11,083$7,079
25 years$31,711$24,172$18,187$13,531$9,973$6,224
26 years$30,166$22,718$16,868$12,372$8,983$5,477
27 years$28,738$21,380$15,663$11,325$8,099$4,823
28 years$27,414$20,147$14,561$10,376$7,308$4,249
29 years$26,184$19,006$13,550$9,515$6,599$3,746
30 years$25,037$17,949$12,622$8,732$5,963$3,303
31 years$23,967$16,968$11,767$8,020$5,391$2,915
32 years$22,966$16,055$10,979$7,371$4,876$2,572
33 years$22,027$15,204$10,251$6,778$4,413$2,271
34 years$21,146$14,410$9,578$6,236$3,996$2,006
35 years$20,317$13,668$8,955$5,741$3,619$1,772
36 years$19,535$12,973$8,377$5,287$3,279$1,565
37 years$18,798$12,321$7,841$4,871$2,972$1,383
38 years$18,101$11,710$7,342$4,490$2,694$1,223
39 years$17,441$11,135$6,879$4,140$2,443$1,081
40 years$16,816$10,594$6,448$3,819$2,216$955
41 years$16,223$10,084$6,046$3,523$2,010$845
42 years$15,660$9,604$5,671$3,251$1,824$747
43 years$15,124$9,151$5,322$3,001$1,656$661
44 years$14,614$8,722$4,995$2,771$1,503$584
45 years$14,128$8,318$4,690$2,559$1,364$517
46 years$13,665$7,935$4,405$2,364$1,239$457
47 years$13,223$7,572$4,139$2,184$1,125$404
48 years$12,800$7,229$3,889$2,018$1,022$358
49 years$12,396$6,903$3,656$1,865$928$316
50 years$12,009$6,594$3,437$1,724$843$280

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $12,300,000, adding $5,993 every year, while hoping to spend $46,313 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: 67/11/22 Blend
54$12,300,000$12,300,000$12,300,000$12,300,000
55$13,560,782$12,908,882$12,718,232$14,393,267
56$14,894,705$13,492,140$13,095,016$15,535,625
57$16,363,136$14,102,426$13,482,870$16,778,559
58$17,979,746$14,741,015$13,882,116$18,136,760
59$19,759,598$15,409,243$14,293,086$19,621,579
60$21,719,292$16,108,511$14,716,119$21,245,511
61$23,877,118$16,840,286$15,151,566$23,022,310
62$26,253,229$17,606,105$15,599,789$24,967,115
63$28,869,833$18,407,580$16,061,157$27,096,594
64$31,751,403$19,246,398$16,536,053$29,429,097
65$34,924,904$20,124,329$17,024,868$31,984,827
66$38,420,050$21,043,226$17,528,007$34,786,030
67$42,269,583$22,005,033$18,045,884$37,857,199
68$46,509,587$23,011,786$18,578,926$41,225,307
69$51,179,818$24,065,617$19,127,574$44,920,056
70$56,324,090$25,168,762$19,692,278$48,974,154
71$61,990,681$26,323,566$20,273,504$53,423,626
72$68,232,793$27,532,483$20,871,729$58,308,143
73$75,109,051$28,798,088$21,487,445$63,671,399
74$82,684,058$30,123,078$22,121,158$69,561,521
75$91,029,002$31,510,279$22,773,387$76,031,514
76$100,222,333$32,962,655$23,444,668$83,139,763
77$110,350,497$34,483,311$24,135,550$90,950,581
78$121,508,757$36,075,503$24,846,600$99,534,806
79$133,802,088$37,742,640$25,578,400$108,970,473
80$147,346,172$39,488,300$26,331,546$119,343,543
81$162,268,484$41,316,230$27,106,656$130,748,710
82$178,709,502$43,230,357$27,904,361$143,290,290
83$196,824,027$45,234,801$28,725,313$157,083,203
84$216,782,647$47,333,876$29,570,181$172,254,051
85$238,773,348$49,532,106$30,439,653$188,942,311
86$263,003,285$51,834,235$31,334,436$207,301,641
87$289,700,739$54,245,232$32,255,259$227,501,331
88$319,117,274$56,770,308$33,202,870$249,727,892
89$351,530,108$59,414,925$34,178,038$274,186,810
90$387,244,732$62,184,808$35,181,555$301,104,482
91$426,597,791$65,085,961$36,214,234$330,730,345
92$469,960,267$68,124,674$37,276,912$363,339,226
93$517,740,974$71,307,543$38,370,449$399,233,927
94$570,390,424$74,641,483$39,495,729$438,748,077
95$628,405,073$78,133,742$40,653,662$482,249,273
96$692,332,014$81,791,918$41,845,183$530,142,545
97$762,774,135$85,623,979$43,071,253$582,874,169
98$840,395,817$89,638,274$44,332,860$640,935,872
99$925,929,201$93,843,559$45,631,021$704,869,464
100$1,020,181,099$98,249,013$46,966,780$775,271,946