Can I retire at age 55 with 12,400,000?

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 $12,400,000?

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$1,023,980$1,014,859$1,005,960$997,275$988,793$950,312
2 years$506,921$497,480$488,330$479,459$470,854$432,550
3 years$334,590$325,109$315,982$307,194$298,729$261,808
4 years$248,442$238,989$229,954$221,316$213,056$177,799
5 years$196,766$187,371$178,454$169,992$161,962$128,458
6 years$162,327$153,002$144,217$135,944$128,155$96,428
7 years$137,738$128,491$119,845$111,767$104,224$74,262
8 years$119,304$110,140$101,638$93,759$86,464$58,238
9 years$104,974$95,897$87,541$79,861$72,815$46,284
10 years$93,517$84,529$76,320$68,841$62,042$37,155
11 years$84,149$75,251$67,191$59,913$53,358$30,058
12 years$76,348$67,541$59,630$52,551$46,239$24,465
13 years$69,752$61,037$53,276$46,395$40,322$20,008
14 years$64,103$55,481$47,869$41,184$35,346$16,426
15 years$59,212$50,683$43,219$36,729$31,121$13,528
16 years$54,937$46,501$39,184$32,887$27,505$11,168
17 years$51,168$42,826$35,656$29,549$24,388$9,240
18 years$47,822$39,573$32,549$26,629$21,684$7,657
19 years$44,832$36,676$29,797$24,062$19,328$6,354
20 years$42,144$34,081$27,347$21,793$17,264$5,279
21 years$39,715$31,745$25,154$19,778$15,449$4,390
22 years$37,510$29,633$23,183$17,983$13,848$3,653
23 years$35,499$27,715$21,405$16,377$12,431$3,042
24 years$33,659$25,967$19,796$14,937$11,173$2,535
25 years$31,969$24,369$18,335$13,641$10,054$2,113
26 years$30,411$22,903$17,005$12,473$9,056$1,762
27 years$28,972$21,554$15,791$11,417$8,165$1,470
28 years$27,637$20,310$14,680$10,460$7,368$1,226
29 years$26,397$19,160$13,661$9,592$6,653$1,023
30 years$25,241$18,095$12,724$8,803$6,011$854
31 years$24,162$17,106$11,863$8,085$5,435$713
32 years$23,153$16,186$11,068$7,431$4,916$595
33 years$22,207$15,328$10,334$6,833$4,449$497
34 years$21,318$14,527$9,656$6,287$4,028$415
35 years$20,482$13,779$9,027$5,787$3,648$347
36 years$19,694$13,078$8,445$5,330$3,306$289
37 years$18,951$12,421$7,904$4,911$2,996$242
38 years$18,248$11,805$7,402$4,527$2,716$202
39 years$17,583$11,225$6,935$4,174$2,463$169
40 years$16,953$10,680$6,500$3,850$2,234$141
41 years$16,355$10,166$6,095$3,552$2,027$118
42 years$15,787$9,682$5,717$3,278$1,839$98
43 years$15,247$9,225$5,365$3,026$1,669$82
44 years$14,733$8,793$5,036$2,794$1,515$69
45 years$14,243$8,385$4,729$2,580$1,375$57
46 years$13,776$7,999$4,441$2,383$1,249$48
47 years$13,330$7,634$4,172$2,202$1,134$40
48 years$12,904$7,287$3,921$2,035$1,030$33
49 years$12,497$6,959$3,685$1,880$935$28
50 years$12,107$6,648$3,465$1,738$850$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $12,400,000, adding $4,614 every year, while hoping to spend $25,917 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: 63/15/22 Blend
54$12,400,000$12,400,000$12,400,000$12,400,000
55$13,669,559$13,012,359$12,820,159$14,452,267
56$15,036,279$13,622,389$13,222,059$15,591,047
57$16,541,535$14,261,442$13,636,554$16,830,954
58$18,199,432$14,930,913$14,064,039$18,184,574
59$20,025,509$15,632,263$14,504,919$19,663,021
60$22,036,894$16,367,027$14,959,617$21,278,519
61$24,252,456$17,136,810$15,428,563$23,044,523
62$26,692,991$17,943,298$15,912,204$24,975,835
63$29,381,415$18,788,258$16,411,002$27,088,749
64$32,342,978$19,673,542$16,925,429$29,401,194
65$35,605,508$20,601,092$17,455,977$31,932,906
66$39,199,667$21,572,943$18,003,150$34,705,609
67$43,159,246$22,591,230$18,567,469$37,743,217
68$47,521,481$23,658,192$19,149,470$41,072,055
69$52,327,403$24,776,174$19,749,708$44,721,104
70$57,622,229$25,947,638$20,368,755$48,722,275
71$63,455,787$27,175,162$21,007,198$53,110,701
72$69,882,984$28,461,452$21,665,646$57,925,065
73$76,964,328$29,809,344$22,344,726$63,207,965
74$84,766,499$31,221,810$23,045,083$69,006,308
75$93,362,972$32,701,969$23,767,384$75,371,748
76$102,834,720$34,253,091$24,512,316$82,361,171
77$113,270,971$35,878,602$25,280,588$90,037,227
78$124,770,053$37,582,097$26,072,931$98,468,911
79$137,440,324$39,367,344$26,890,099$107,732,217
80$151,401,189$41,238,297$27,732,870$117,910,843
81$166,784,234$43,199,097$28,602,045$129,096,976
82$183,734,464$45,254,090$29,498,451$141,392,161
83$202,411,671$47,407,833$30,422,941$154,908,245
84$222,991,947$49,665,102$31,376,395$169,768,434
85$245,669,341$52,030,908$32,359,720$186,108,443
86$270,657,694$54,510,502$33,373,851$204,077,773
87$298,192,657$57,109,395$34,419,753$223,841,113
88$328,533,914$59,833,361$35,498,420$245,579,886
89$361,967,636$62,688,458$36,610,880$269,493,956
90$398,809,180$65,681,038$37,758,189$295,803,504
91$439,406,068$68,817,760$38,941,441$324,751,095
92$484,141,267$72,105,611$40,161,759$356,603,964
93$533,436,803$75,551,913$41,420,305$391,656,524
94$587,757,747$79,164,347$42,718,275$430,233,135
95$647,616,605$82,950,968$44,056,905$472,691,158
96$713,578,155$86,920,221$45,437,468$519,424,314
97$786,264,780$91,080,965$46,861,276$570,866,392
98$866,362,343$95,442,487$48,329,684$627,495,328
99$954,626,661$100,014,528$49,844,088$689,837,706
100$1,051,890,644$104,807,304$51,405,928$758,473,718