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%14.2%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$971,613
2 years$506,921$497,480$488,330$479,459$470,854$453,601
3 years$334,590$325,109$315,982$307,194$298,729$281,940
4 years$248,442$238,989$229,954$221,316$213,056$196,861
5 years$196,766$187,371$178,454$169,992$161,962$146,407
6 years$162,327$153,002$144,217$135,944$128,155$113,258
7 years$137,738$128,491$119,845$111,767$104,224$89,990
8 years$119,304$110,140$101,638$93,759$86,464$72,889
9 years$104,974$95,897$87,541$79,861$72,815$59,891
10 years$93,517$84,529$76,320$68,841$62,042$49,758
11 years$84,149$75,251$67,191$59,913$53,358$41,701
12 years$76,348$67,541$59,630$52,551$46,239$35,193
13 years$69,752$61,037$53,276$46,395$40,322$29,870
14 years$64,103$55,481$47,869$41,184$35,346$25,470
15 years$59,212$50,683$43,219$36,729$31,121$21,803
16 years$54,937$46,501$39,184$32,887$27,505$18,724
17 years$51,168$42,826$35,656$29,549$24,388$16,123
18 years$47,822$39,573$32,549$26,629$21,684$13,916
19 years$44,832$36,676$29,797$24,062$19,328$12,035
20 years$42,144$34,081$27,347$21,793$17,264$10,425
21 years$39,715$31,745$25,154$19,778$15,449$9,044
22 years$37,510$29,633$23,183$17,983$13,848$7,856
23 years$35,499$27,715$21,405$16,377$12,431$6,830
24 years$33,659$25,967$19,796$14,937$11,173$5,944
25 years$31,969$24,369$18,335$13,641$10,054$5,178
26 years$30,411$22,903$17,005$12,473$9,056$4,513
27 years$28,972$21,554$15,791$11,417$8,165$3,936
28 years$27,637$20,310$14,680$10,460$7,368$3,434
29 years$26,397$19,160$13,661$9,592$6,653$2,998
30 years$25,241$18,095$12,724$8,803$6,011$2,618
31 years$24,162$17,106$11,863$8,085$5,435$2,287
32 years$23,153$16,186$11,068$7,431$4,916$1,999
33 years$22,207$15,328$10,334$6,833$4,449$1,747
34 years$21,318$14,527$9,656$6,287$4,028$1,527
35 years$20,482$13,779$9,027$5,787$3,648$1,336
36 years$19,694$13,078$8,445$5,330$3,306$1,168
37 years$18,951$12,421$7,904$4,911$2,996$1,022
38 years$18,248$11,805$7,402$4,527$2,716$894
39 years$17,583$11,225$6,935$4,174$2,463$782
40 years$16,953$10,680$6,500$3,850$2,234$684
41 years$16,355$10,166$6,095$3,552$2,027$599
42 years$15,787$9,682$5,717$3,278$1,839$524
43 years$15,247$9,225$5,365$3,026$1,669$459
44 years$14,733$8,793$5,036$2,794$1,515$402
45 years$14,243$8,385$4,729$2,580$1,375$351
46 years$13,776$7,999$4,441$2,383$1,249$308
47 years$13,330$7,634$4,172$2,202$1,134$269
48 years$12,904$7,287$3,921$2,035$1,030$236
49 years$12,497$6,959$3,685$1,880$935$206
50 years$12,107$6,648$3,465$1,738$850$181

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 $4,205 every year, while hoping to spend $22,200 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: 64/7/29 Blend
54$12,400,000$12,400,000$12,400,000$12,400,000
55$13,669,137$13,011,937$12,819,737$14,437,963
56$15,039,769$13,625,902$13,225,578$15,573,555
57$16,549,461$14,269,206$13,644,270$16,811,095
58$18,212,373$14,943,265$14,076,221$18,162,932
59$20,044,112$15,649,561$14,521,851$19,640,308
60$22,061,871$16,389,649$14,981,592$21,255,593
61$24,284,599$17,165,160$15,455,893$23,022,406
62$26,733,176$17,977,801$15,945,214$24,955,735
63$29,430,612$18,829,365$16,450,030$27,072,085
64$32,402,262$19,721,732$16,970,834$29,389,622
65$35,676,067$20,656,871$17,508,131$31,928,349
66$39,282,817$21,636,848$18,062,444$34,710,290
67$43,256,440$22,663,829$18,634,312$37,759,695
68$47,634,326$23,740,086$19,224,291$41,103,268
69$52,457,677$24,868,000$19,832,954$44,770,414
70$57,771,897$26,050,069$20,460,895$48,793,517
71$63,627,018$27,288,910$21,108,722$53,208,238
72$70,078,177$28,587,269$21,777,067$58,053,856
73$77,186,131$29,948,026$22,466,580$63,373,628
74$85,017,837$31,374,200$23,177,931$69,215,198
75$93,647,076$32,868,955$23,911,811$75,631,045
76$103,155,157$34,435,613$24,668,935$82,678,970
77$113,631,678$36,077,653$25,450,040$90,422,643
78$125,175,377$37,798,726$26,255,884$98,932,197
79$137,895,061$39,602,660$27,087,252$108,284,888
80$151,910,635$41,493,467$27,944,953$118,565,819
81$167,354,231$43,475,358$28,829,820$129,868,739
82$184,371,458$45,552,747$29,742,714$142,296,927
83$203,122,776$47,730,260$30,684,525$155,964,156
84$223,785,009$50,012,753$31,656,166$170,995,770
85$246,553,017$52,405,315$32,658,585$187,529,856
86$271,641,533$54,913,284$33,692,756$205,718,544
87$299,287,191$57,542,256$34,759,684$225,729,442
88$329,750,760$60,298,102$35,860,409$247,747,206
89$363,319,605$63,186,977$36,996,001$271,975,282
90$400,310,403$66,215,337$38,167,565$298,637,822
91$441,072,125$69,389,950$39,376,240$327,981,787
92$485,989,341$72,717,916$40,623,202$360,279,280
93$535,485,840$76,206,680$41,909,666$395,830,101
94$590,028,638$79,864,050$43,236,882$434,964,577
95$650,132,383$83,698,213$44,606,142$478,046,666
96$716,364,217$87,717,756$46,018,778$525,477,393
97$789,349,125$91,931,683$47,476,165$577,698,620
98$869,775,839$96,349,440$48,979,721$635,197,215
99$958,403,342$100,980,929$50,530,908$698,509,639
100$1,056,068,026$105,836,538$52,131,237$768,226,999