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%15.7%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$965,674
2 years$506,921$497,480$488,330$479,459$470,854$447,693
3 years$334,590$325,109$315,982$307,194$298,729$276,250
4 years$248,442$238,989$229,954$221,316$213,056$191,432
5 years$196,766$187,371$178,454$169,992$161,962$141,254
6 years$162,327$153,002$144,217$135,944$128,155$108,384
7 years$137,738$128,491$119,845$111,767$104,224$85,393
8 years$119,304$110,140$101,638$93,759$86,464$68,565
9 years$104,974$95,897$87,541$79,861$72,815$55,835
10 years$93,517$84,529$76,320$68,841$62,042$45,961
11 years$84,149$75,251$67,191$59,913$53,358$38,155
12 years$76,348$67,541$59,630$52,551$46,239$31,889
13 years$69,752$61,037$53,276$46,395$40,322$26,797
14 years$64,103$55,481$47,869$41,184$35,346$22,618
15 years$59,212$50,683$43,219$36,729$31,121$19,161
16 years$54,937$46,501$39,184$32,887$27,505$16,282
17 years$51,168$42,826$35,656$29,549$24,388$13,870
18 years$47,822$39,573$32,549$26,629$21,684$11,841
19 years$44,832$36,676$29,797$24,062$19,328$10,127
20 years$42,144$34,081$27,347$21,793$17,264$8,674
21 years$39,715$31,745$25,154$19,778$15,449$7,439
22 years$37,510$29,633$23,183$17,983$13,848$6,387
23 years$35,499$27,715$21,405$16,377$12,431$5,489
24 years$33,659$25,967$19,796$14,937$11,173$4,721
25 years$31,969$24,369$18,335$13,641$10,054$4,063
26 years$30,411$22,903$17,005$12,473$9,056$3,499
27 years$28,972$21,554$15,791$11,417$8,165$3,015
28 years$27,637$20,310$14,680$10,460$7,368$2,599
29 years$26,397$19,160$13,661$9,592$6,653$2,241
30 years$25,241$18,095$12,724$8,803$6,011$1,933
31 years$24,162$17,106$11,863$8,085$5,435$1,668
32 years$23,153$16,186$11,068$7,431$4,916$1,439
33 years$22,207$15,328$10,334$6,833$4,449$1,242
34 years$21,318$14,527$9,656$6,287$4,028$1,073
35 years$20,482$13,779$9,027$5,787$3,648$926
36 years$19,694$13,078$8,445$5,330$3,306$800
37 years$18,951$12,421$7,904$4,911$2,996$691
38 years$18,248$11,805$7,402$4,527$2,716$597
39 years$17,583$11,225$6,935$4,174$2,463$515
40 years$16,953$10,680$6,500$3,850$2,234$445
41 years$16,355$10,166$6,095$3,552$2,027$385
42 years$15,787$9,682$5,717$3,278$1,839$332
43 years$15,247$9,225$5,365$3,026$1,669$287
44 years$14,733$8,793$5,036$2,794$1,515$248
45 years$14,243$8,385$4,729$2,580$1,375$214
46 years$13,776$7,999$4,441$2,383$1,249$185
47 years$13,330$7,634$4,172$2,202$1,134$160
48 years$12,904$7,287$3,921$2,035$1,030$138
49 years$12,497$6,959$3,685$1,880$935$120
50 years$12,107$6,648$3,465$1,738$850$103

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 $5,525 every year, while hoping to spend $57,244 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: 35/47/18 Blend
54$12,400,000$12,400,000$12,400,000$12,400,000
55$13,670,499$13,013,299$12,821,099$14,073,398
56$15,003,983$13,590,044$13,189,699$14,944,959
57$16,471,563$14,193,130$13,568,728$15,878,980
58$18,086,858$14,823,789$13,958,475$16,885,566
59$19,864,871$15,483,308$14,359,238$17,971,194
60$21,822,136$16,173,038$14,771,321$19,142,965
61$23,976,871$16,894,394$15,195,037$20,408,660
62$26,349,147$17,648,855$15,630,706$21,776,812
63$28,961,085$18,437,973$16,078,660$23,256,778
64$31,837,057$19,263,375$16,539,236$24,858,824
65$35,003,919$20,126,763$17,012,783$26,594,212
66$38,491,265$21,029,920$17,499,657$28,475,302
67$42,331,704$21,974,716$18,000,225$30,515,662
68$46,561,169$22,963,108$18,514,864$32,730,187
69$51,219,255$23,997,148$19,043,959$35,135,231
70$56,349,596$25,078,985$19,587,908$37,748,758
71$62,000,269$26,210,869$20,147,117$40,590,498
72$68,224,256$27,395,161$20,722,005$43,682,125
73$75,079,938$28,634,332$21,313,001$47,047,457
74$82,631,649$29,930,972$21,920,544$50,712,666
75$90,950,282$31,287,795$22,545,087$54,706,518
76$100,113,957$32,707,643$23,187,093$59,060,631
77$110,208,759$34,193,496$23,847,039$63,809,768
78$121,329,551$35,748,476$24,525,414$68,992,145
79$133,580,868$37,375,854$25,222,718$74,649,790
80$147,077,905$39,079,059$25,939,467$80,828,918
81$161,947,600$40,861,681$26,676,188$87,580,360
82$178,329,838$42,727,487$27,433,423$94,960,025
83$196,378,767$44,680,420$28,211,729$103,029,418
84$216,264,255$46,724,613$29,011,675$111,856,201
85$238,173,490$48,864,401$29,833,847$121,514,817
86$262,312,751$51,104,322$30,678,846$132,087,179
87$288,909,352$53,449,134$31,547,288$143,663,422
88$318,213,789$55,903,824$32,439,805$156,342,739
89$350,502,102$58,473,618$33,357,045$170,234,296
90$386,078,483$61,163,992$34,299,673$185,458,245
91$425,278,149$63,980,688$35,268,372$202,146,835
92$468,470,500$66,929,721$36,263,842$220,445,642
93$516,062,611$70,017,398$37,286,801$240,514,916
94$568,503,072$73,250,326$38,337,985$262,531,076
95$626,286,227$76,635,433$39,418,148$286,688,344
96$689,956,832$80,179,979$40,528,066$313,200,559
97$760,115,205$83,891,574$41,668,533$342,303,162
98$837,422,890$87,778,195$42,840,362$374,255,395
99$922,608,901$91,848,203$44,044,390$409,342,718
100$1,016,476,604$96,110,360$45,281,473$447,879,468