Can I retire at age 55 with 12,700,000?

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 $12,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$992,268
2 years$519,185$509,516$500,145$491,059$482,246$461,735
3 years$342,685$332,974$323,627$314,626$305,956$286,022
4 years$254,453$244,771$235,517$226,670$218,211$199,006
5 years$201,527$191,904$182,771$174,105$165,880$147,461
6 years$166,255$156,704$147,706$139,233$131,255$113,640
7 years$141,070$131,600$122,745$114,471$106,746$89,939
8 years$122,190$112,805$104,097$96,027$88,556$72,552
9 years$107,513$98,217$89,659$81,794$74,577$59,366
10 years$95,779$86,574$78,167$70,507$63,543$49,111
11 years$86,184$77,071$68,817$61,362$54,649$40,977
12 years$78,195$69,175$61,073$53,823$47,358$34,426
13 years$71,439$62,514$54,565$47,517$41,297$29,083
14 years$65,654$56,824$49,027$42,181$36,201$24,682
15 years$60,645$51,909$44,264$37,618$31,874$21,026
16 years$56,266$47,626$40,132$33,683$28,170$17,968
17 years$52,406$43,862$36,519$30,264$24,978$15,396
18 years$48,979$40,530$33,337$27,274$22,209$13,221
19 years$45,916$37,563$30,518$24,644$19,795$11,374
20 years$43,163$34,905$28,008$22,320$17,682$9,801
21 years$40,676$32,513$25,762$20,257$15,823$8,458
22 years$38,417$30,350$23,744$18,418$14,183$7,307
23 years$36,358$28,385$21,923$16,774$12,732$6,319
24 years$34,474$26,595$20,275$15,299$11,443$5,469
25 years$32,743$24,958$18,779$13,972$10,297$4,737
26 years$31,147$23,457$17,417$12,775$9,276$4,106
27 years$29,672$22,076$16,173$11,693$8,363$3,560
28 years$28,306$20,802$15,035$10,713$7,546$3,089
29 years$27,035$19,624$13,991$9,824$6,814$2,681
30 years$25,852$18,533$13,032$9,016$6,157$2,328
31 years$24,747$17,520$12,150$8,281$5,566$2,022
32 years$23,713$16,577$11,336$7,610$5,035$1,757
33 years$22,744$15,699$10,584$6,998$4,557$1,527
34 years$21,834$14,879$9,889$6,439$4,126$1,327
35 years$20,977$14,112$9,246$5,927$3,737$1,153
36 years$20,171$13,395$8,649$5,459$3,386$1,003
37 years$19,409$12,722$8,095$5,030$3,068$872
38 years$18,689$12,090$7,581$4,636$2,782$758
39 years$18,008$11,497$7,103$4,275$2,523$660
40 years$17,363$10,938$6,657$3,943$2,288$574
41 years$16,751$10,412$6,242$3,638$2,076$499
42 years$16,169$9,916$5,856$3,357$1,884$434
43 years$15,616$9,448$5,495$3,099$1,710$378
44 years$15,089$9,006$5,158$2,861$1,552$329
45 years$14,588$8,588$4,843$2,643$1,409$286
46 years$14,109$8,193$4,549$2,441$1,279$249
47 years$13,653$7,818$4,273$2,255$1,161$216
48 years$13,216$7,464$4,016$2,084$1,055$188
49 years$12,799$7,127$3,775$1,926$958$164
50 years$12,400$6,808$3,549$1,780$870$143

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $12,700,000, adding $5,605 every year, while hoping to spend $52,767 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: 44/41/15 Blend
54$12,700,000$12,700,000$12,700,000$12,700,000
55$14,001,182$13,328,082$13,131,232$14,556,432
56$15,373,158$13,925,014$13,514,984$15,542,236
57$16,883,308$14,549,427$13,909,824$16,604,366
58$18,545,669$15,202,613$14,316,067$17,754,445
59$20,375,709$15,885,923$14,734,037$19,000,608
60$22,390,473$16,600,774$15,164,068$20,351,778
61$24,608,740$17,348,651$15,606,503$21,817,754
62$27,051,205$18,131,108$16,061,694$23,409,294
63$29,740,671$18,949,776$16,530,004$25,138,212
64$32,702,266$19,806,361$17,011,806$27,017,484
65$35,963,676$20,702,652$17,507,481$29,061,363
66$39,555,413$21,640,523$18,017,423$31,285,511
67$43,511,095$22,621,939$18,542,036$33,707,136
68$47,867,769$23,648,956$19,081,737$36,345,151
69$52,666,258$24,723,732$19,636,952$39,220,344
70$57,951,546$25,848,524$20,208,119$42,355,567
71$63,773,203$27,025,702$20,795,691$45,775,944
72$70,185,853$28,257,745$21,400,130$49,509,100
73$77,249,689$29,547,253$22,021,913$53,585,412
74$85,031,039$30,896,950$22,661,529$58,038,291
75$93,602,997$32,309,693$23,319,482$62,904,484
76$103,046,106$33,788,471$23,996,289$68,224,412
77$113,449,124$35,336,421$24,692,479$74,042,542
78$124,909,858$36,956,829$25,408,600$80,407,798
79$137,536,088$38,653,138$26,145,213$87,374,008
80$151,446,584$40,428,957$26,902,892$95,000,403
81$166,772,227$42,288,068$27,682,231$103,352,163
82$183,657,247$44,234,435$28,483,838$112,501,023
83$202,260,577$46,272,213$29,308,338$122,525,929
84$222,757,361$48,405,757$30,156,372$133,513,778
85$245,340,602$50,639,630$31,028,601$145,560,218
86$270,222,987$52,978,615$31,925,703$158,770,541
87$297,638,891$55,427,726$32,848,373$173,260,653
88$327,846,591$57,992,218$33,797,327$189,158,161
89$361,130,706$60,677,599$34,773,300$206,603,552
90$397,804,879$63,489,643$35,777,046$225,751,507
91$438,214,741$66,434,399$36,809,342$246,772,338
92$482,741,172$69,518,213$37,870,983$269,853,579
93$531,803,899$72,747,732$38,962,787$295,201,733
94$585,865,451$76,129,926$40,085,596$323,044,200
95$645,435,536$79,672,100$41,240,271$353,631,402
96$711,075,840$83,381,913$42,427,700$387,239,122
97$783,405,341$87,267,393$43,648,794$424,171,084
98$863,106,144$91,336,953$44,904,486$464,761,792
99$950,929,922$95,599,415$46,195,738$509,379,660
100$1,047,705,015$100,064,027$47,523,536$558,430,464