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%19.4%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$943,768
2 years$502,833$493,468$484,392$475,592$467,057$430,159
3 years$331,892$322,487$313,434$304,717$296,320$260,736
4 years$246,438$237,062$228,100$219,531$211,338$177,339
5 years$195,180$185,859$177,015$168,621$160,656$128,329
6 years$161,018$151,768$143,054$134,848$127,121$96,490
7 years$136,627$127,455$118,879$110,866$103,384$74,438
8 years$118,342$109,252$100,818$93,002$85,767$58,481
9 years$104,127$95,124$86,835$79,217$72,228$46,562
10 years$92,762$83,847$75,705$68,286$61,542$37,449
11 years$83,470$74,644$66,649$59,429$52,928$30,356
12 years$75,732$66,996$59,149$52,128$45,866$24,757
13 years$69,189$60,545$52,846$46,021$39,996$20,289
14 years$63,586$55,034$47,482$40,852$35,061$16,692
15 years$58,735$50,274$42,870$36,433$30,870$13,775
16 years$54,494$46,126$38,868$32,622$27,283$11,398
17 years$50,755$42,480$35,369$29,310$24,191$9,450
18 years$47,436$39,254$32,287$26,415$21,510$7,849
19 years$44,470$36,380$29,557$23,868$19,172$6,528
20 years$41,804$33,806$27,126$21,617$17,125$5,436
21 years$39,395$31,489$24,951$19,619$15,325$4,531
22 years$37,207$29,394$22,996$17,838$13,736$3,780
23 years$35,213$27,491$21,233$16,245$12,331$3,155
24 years$33,388$25,758$19,637$14,817$11,083$2,635
25 years$31,711$24,172$18,187$13,531$9,973$2,202
26 years$30,166$22,718$16,868$12,372$8,983$1,840
27 years$28,738$21,380$15,663$11,325$8,099$1,539
28 years$27,414$20,147$14,561$10,376$7,308$1,287
29 years$26,184$19,006$13,550$9,515$6,599$1,077
30 years$25,037$17,949$12,622$8,732$5,963$901
31 years$23,967$16,968$11,767$8,020$5,391$754
32 years$22,966$16,055$10,979$7,371$4,876$631
33 years$22,027$15,204$10,251$6,778$4,413$528
34 years$21,146$14,410$9,578$6,236$3,996$442
35 years$20,317$13,668$8,955$5,741$3,619$370
36 years$19,535$12,973$8,377$5,287$3,279$310
37 years$18,798$12,321$7,841$4,871$2,972$259
38 years$18,101$11,710$7,342$4,490$2,694$217
39 years$17,441$11,135$6,879$4,140$2,443$182
40 years$16,816$10,594$6,448$3,819$2,216$152
41 years$16,223$10,084$6,046$3,523$2,010$128
42 years$15,660$9,604$5,671$3,251$1,824$107
43 years$15,124$9,151$5,322$3,001$1,656$89
44 years$14,614$8,722$4,995$2,771$1,503$75
45 years$14,128$8,318$4,690$2,559$1,364$63
46 years$13,665$7,935$4,405$2,364$1,239$53
47 years$13,223$7,572$4,139$2,184$1,125$44
48 years$12,800$7,229$3,889$2,018$1,022$37
49 years$12,396$6,903$3,656$1,865$928$31
50 years$12,009$6,594$3,437$1,724$843$26

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 $6,112 every year, while hoping to spend $56,955 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: 34/38/28 Blend
54$12,300,000$12,300,000$12,300,000$12,300,000
55$13,560,905$12,909,005$12,718,355$13,906,829
56$14,883,517$13,480,946$13,083,820$14,740,325
57$16,339,127$14,079,004$13,459,619$15,632,979
58$17,941,241$14,704,397$13,846,039$16,594,499
59$19,704,739$15,358,404$14,243,372$17,631,054
60$21,646,018$16,042,362$14,651,922$18,749,410
61$23,783,147$16,757,674$15,071,996$19,956,983
62$26,136,035$17,505,806$15,503,915$21,261,912
63$28,726,617$18,288,297$15,948,003$22,673,122
64$31,579,067$19,106,759$16,404,596$24,200,411
65$34,720,021$19,962,879$16,874,039$25,854,531
66$38,178,828$20,858,425$17,356,684$27,647,286
67$41,987,831$21,795,250$17,852,895$29,591,637
68$46,182,667$22,775,295$18,363,045$31,701,819
69$50,802,607$23,800,592$18,887,514$33,993,466
70$55,890,924$24,873,272$19,426,697$36,483,756
71$61,495,302$25,995,566$19,980,996$39,191,561
72$67,668,288$27,169,814$20,550,823$42,137,621
73$74,467,782$28,398,464$21,136,605$45,344,730
74$81,957,591$29,684,083$21,738,776$48,837,945
75$90,208,024$31,029,363$22,357,784$52,644,810
76$99,296,560$32,437,119$22,994,088$56,795,612
77$109,308,578$33,910,306$23,648,158$61,323,654
78$120,338,160$35,452,019$24,320,479$66,265,560
79$132,488,983$37,065,498$25,011,545$71,661,613
80$145,875,294$38,754,142$25,721,867$77,556,121
81$160,622,991$40,521,512$26,451,966$83,997,825
82$176,870,807$42,371,338$27,202,379$91,040,348
83$194,771,626$44,307,529$27,973,655$98,742,692
84$214,493,918$46,334,184$28,766,358$107,169,774
85$236,223,335$48,455,597$29,581,068$116,393,036
86$260,164,460$50,676,266$30,418,379$126,491,094
87$286,542,739$53,000,907$31,278,899$137,550,478
88$315,606,611$55,434,464$32,163,254$149,666,421
89$347,629,847$57,982,115$33,072,086$162,943,752
90$382,914,142$60,649,288$34,006,051$177,497,864
91$421,791,955$63,441,674$34,965,824$193,455,787
92$464,629,653$66,365,235$35,952,098$210,957,367
93$511,830,966$69,426,220$36,965,582$230,156,572
94$563,840,799$72,631,180$38,007,003$251,222,921
95$621,149,433$75,986,979$39,077,110$274,343,065
96$684,297,148$79,500,814$40,176,666$299,722,527
97$753,879,330$83,180,227$41,306,458$327,587,619
98$830,552,087$87,033,124$42,467,289$358,187,557
99$915,038,442$91,067,789$43,659,986$391,796,786
100$1,008,135,162$95,292,910$44,885,394$428,717,546