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

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$947,906
2 years$502,833$493,468$484,392$475,592$467,057$434,222
3 years$331,892$322,487$313,434$304,717$296,320$264,594
4 years$246,438$237,062$228,100$219,531$211,338$180,964
5 years$195,180$185,859$177,015$168,621$160,656$131,715
6 years$161,018$151,768$143,054$134,848$127,121$99,636
7 years$136,627$127,455$118,879$110,866$103,384$77,351
8 years$118,342$109,252$100,818$93,002$85,767$61,166
9 years$104,127$95,124$86,835$79,217$72,228$49,030
10 years$92,762$83,847$75,705$68,286$61,542$39,709
11 years$83,470$74,644$66,649$59,429$52,928$32,419
12 years$75,732$66,996$59,149$52,128$45,866$26,634
13 years$69,189$60,545$52,846$46,021$39,996$21,991
14 years$63,586$55,034$47,482$40,852$35,061$18,232
15 years$58,735$50,274$42,870$36,433$30,870$15,165
16 years$54,494$46,126$38,868$32,622$27,283$12,648
17 years$50,755$42,480$35,369$29,310$24,191$10,572
18 years$47,436$39,254$32,287$26,415$21,510$8,853
19 years$44,470$36,380$29,557$23,868$19,172$7,425
20 years$41,804$33,806$27,126$21,617$17,125$6,235
21 years$39,395$31,489$24,951$19,619$15,325$5,242
22 years$37,207$29,394$22,996$17,838$13,736$4,410
23 years$35,213$27,491$21,233$16,245$12,331$3,713
24 years$33,388$25,758$19,637$14,817$11,083$3,129
25 years$31,711$24,172$18,187$13,531$9,973$2,637
26 years$30,166$22,718$16,868$12,372$8,983$2,224
27 years$28,738$21,380$15,663$11,325$8,099$1,876
28 years$27,414$20,147$14,561$10,376$7,308$1,583
29 years$26,184$19,006$13,550$9,515$6,599$1,337
30 years$25,037$17,949$12,622$8,732$5,963$1,128
31 years$23,967$16,968$11,767$8,020$5,391$953
32 years$22,966$16,055$10,979$7,371$4,876$805
33 years$22,027$15,204$10,251$6,778$4,413$680
34 years$21,146$14,410$9,578$6,236$3,996$574
35 years$20,317$13,668$8,955$5,741$3,619$485
36 years$19,535$12,973$8,377$5,287$3,279$410
37 years$18,798$12,321$7,841$4,871$2,972$346
38 years$18,101$11,710$7,342$4,490$2,694$293
39 years$17,441$11,135$6,879$4,140$2,443$247
40 years$16,816$10,594$6,448$3,819$2,216$209
41 years$16,223$10,084$6,046$3,523$2,010$177
42 years$15,660$9,604$5,671$3,251$1,824$149
43 years$15,124$9,151$5,322$3,001$1,656$126
44 years$14,614$8,722$4,995$2,771$1,503$107
45 years$14,128$8,318$4,690$2,559$1,364$90
46 years$13,665$7,935$4,405$2,364$1,239$76
47 years$13,223$7,572$4,139$2,184$1,125$64
48 years$12,800$7,229$3,889$2,018$1,022$54
49 years$12,396$6,903$3,656$1,865$928$46
50 years$12,009$6,594$3,437$1,724$843$39

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 $5,517 every year, while hoping to spend $25,748 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: 29/44/27 Blend
54$12,300,000$12,300,000$12,300,000$12,300,000
55$13,560,291$12,908,391$12,717,741$13,840,074
56$14,916,045$13,513,506$13,116,389$14,665,875
57$16,409,223$14,147,409$13,527,530$15,550,428
58$18,053,815$14,811,484$13,951,553$16,500,892
59$19,865,237$15,507,179$14,388,863$17,522,976
60$21,860,477$16,236,017$14,839,876$18,622,927
61$24,058,254$16,999,591$15,305,021$19,807,583
62$26,479,198$17,799,572$15,784,741$21,084,431
63$29,146,038$18,637,713$16,279,491$22,461,673
64$32,083,823$19,515,851$16,789,744$23,948,291
65$35,320,157$20,435,911$17,315,984$25,554,133
66$38,885,455$21,399,913$17,858,712$27,289,990
67$42,813,238$22,409,975$18,418,445$29,167,697
68$47,140,440$23,468,316$18,995,715$31,200,229
69$51,907,765$24,577,264$19,591,072$33,401,824
70$57,160,066$25,739,258$20,205,081$35,788,098
71$62,946,770$26,956,859$20,838,328$38,376,193
72$69,322,342$28,232,747$21,491,414$41,184,921
73$76,346,806$29,569,737$22,164,962$44,234,935
74$84,086,303$30,970,776$22,859,611$47,548,914
75$92,613,721$32,438,959$23,576,022$51,151,762
76$102,009,380$33,977,527$24,314,878$55,070,836
77$112,361,791$35,589,881$25,076,881$59,336,187
78$123,768,493$37,279,584$25,862,756$63,980,835
79$136,336,971$39,050,376$26,673,250$69,041,063
80$150,185,673$40,906,175$27,509,135$74,556,749
81$165,445,126$42,851,092$28,371,205$80,571,726
82$182,259,169$44,889,436$29,260,281$87,134,181
83$200,786,312$47,025,726$30,177,208$94,297,092
84$221,201,230$49,264,700$31,122,859$102,118,711
85$243,696,413$51,611,328$32,098,132$110,663,100
86$268,483,983$54,070,819$33,103,955$120,000,712
87$295,797,697$56,648,637$34,141,286$130,209,041
88$325,895,153$59,350,512$35,211,110$141,373,328
89$359,060,222$62,182,450$36,314,445$153,587,350
90$395,605,726$65,150,751$37,452,340$166,954,280
91$435,876,394$68,262,022$38,625,878$181,587,637
92$480,252,115$71,523,190$39,836,174$197,612,336
93$529,151,525$74,941,520$41,084,379$215,165,837
94$583,035,955$78,524,629$42,371,681$234,399,422
95$642,413,793$82,280,507$43,699,303$255,479,589
96$707,845,278$86,217,529$45,068,507$278,589,599
97$779,947,790$90,344,483$46,480,596$303,931,173
98$859,401,681$94,670,579$47,936,913$331,726,363
99$946,956,694$99,205,479$49,438,841$362,219,619
100$1,043,439,044$103,959,314$50,987,809$395,680,058