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%12.6%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$1,001,723
2 years$519,185$509,516$500,145$491,059$482,246$471,177
3 years$342,685$332,974$323,627$314,626$305,956$295,156
4 years$254,453$244,771$235,517$226,670$218,211$207,762
5 years$201,527$191,904$182,771$174,105$165,880$155,813
6 years$166,255$156,704$147,706$139,233$131,255$121,582
7 years$141,070$131,600$122,745$114,471$106,746$97,470
8 years$122,190$112,805$104,097$96,027$88,556$79,678
9 years$107,513$98,217$89,659$81,794$74,577$66,093
10 years$95,779$86,574$78,167$70,507$63,543$55,448
11 years$86,184$77,071$68,817$61,362$54,649$46,936
12 years$78,195$69,175$61,073$53,823$47,358$40,019
13 years$71,439$62,514$54,565$47,517$41,297$34,323
14 years$65,654$56,824$49,027$42,181$36,201$29,582
15 years$60,645$51,909$44,264$37,618$31,874$25,600
16 years$56,266$47,626$40,132$33,683$28,170$22,231
17 years$52,406$43,862$36,519$30,264$24,978$19,362
18 years$48,979$40,530$33,337$27,274$22,209$16,905
19 years$45,916$37,563$30,518$24,644$19,795$14,792
20 years$43,163$34,905$28,008$22,320$17,682$12,966
21 years$40,676$32,513$25,762$20,257$15,823$11,385
22 years$38,417$30,350$23,744$18,418$14,183$10,010
23 years$36,358$28,385$21,923$16,774$12,732$8,811
24 years$34,474$26,595$20,275$15,299$11,443$7,765
25 years$32,743$24,958$18,779$13,972$10,297$6,849
26 years$31,147$23,457$17,417$12,775$9,276$6,046
27 years$29,672$22,076$16,173$11,693$8,363$5,340
28 years$28,306$20,802$15,035$10,713$7,546$4,721
29 years$27,035$19,624$13,991$9,824$6,814$4,175
30 years$25,852$18,533$13,032$9,016$6,157$3,694
31 years$24,747$17,520$12,150$8,281$5,566$3,270
32 years$23,713$16,577$11,336$7,610$5,035$2,896
33 years$22,744$15,699$10,584$6,998$4,557$2,565
34 years$21,834$14,879$9,889$6,439$4,126$2,273
35 years$20,977$14,112$9,246$5,927$3,737$2,014
36 years$20,171$13,395$8,649$5,459$3,386$1,786
37 years$19,409$12,722$8,095$5,030$3,068$1,583
38 years$18,689$12,090$7,581$4,636$2,782$1,404
39 years$18,008$11,497$7,103$4,275$2,523$1,246
40 years$17,363$10,938$6,657$3,943$2,288$1,105
41 years$16,751$10,412$6,242$3,638$2,076$980
42 years$16,169$9,916$5,856$3,357$1,884$870
43 years$15,616$9,448$5,495$3,099$1,710$772
44 years$15,089$9,006$5,158$2,861$1,552$685
45 years$14,588$8,588$4,843$2,643$1,409$608
46 years$14,109$8,193$4,549$2,441$1,279$540
47 years$13,653$7,818$4,273$2,255$1,161$479
48 years$13,216$7,464$4,016$2,084$1,055$425
49 years$12,799$7,127$3,775$1,926$958$378
50 years$12,400$6,808$3,549$1,780$870$335

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 $3,911 every year, while hoping to spend $23,684 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: 80/13/7 Blend
54$12,700,000$12,700,000$12,700,000$12,700,000
55$13,999,434$13,326,334$13,129,484$15,108,702
56$15,402,177$13,954,125$13,544,122$16,463,609
57$16,947,206$14,611,884$13,971,857$17,946,421
58$18,649,008$15,301,054$14,413,102$19,572,708
59$20,523,550$16,023,149$14,868,284$21,356,783
60$22,588,425$16,779,755$15,337,844$23,314,403
61$24,863,017$17,572,537$15,822,235$25,462,920
62$27,368,692$18,403,237$16,321,926$27,821,439
63$30,128,989$19,273,686$16,837,401$30,410,998
64$33,169,849$20,185,801$17,369,158$33,254,766
65$36,519,861$21,141,592$17,917,712$36,378,254
66$40,210,524$22,143,167$18,483,593$39,809,561
67$44,276,553$23,192,738$19,067,348$43,579,631
68$48,756,199$24,292,620$19,669,543$47,722,545
69$53,691,619$25,445,245$20,290,759$52,275,840
70$59,129,262$26,653,161$20,931,598$57,280,859
71$65,120,321$27,919,040$21,592,680$62,783,141
72$71,721,203$29,245,682$22,274,645$68,832,843
73$78,994,071$30,636,026$22,978,151$75,485,218
74$87,007,427$32,093,152$23,703,880$82,801,126
75$95,836,758$33,620,290$24,452,533$90,847,606
76$105,565,250$35,220,827$25,224,836$99,698,512
77$116,284,572$36,898,314$26,021,534$109,435,195
78$128,095,743$38,656,476$26,843,400$120,147,279
79$141,110,082$40,499,216$27,691,227$131,933,493
80$155,450,264$42,430,632$28,565,837$144,902,605
81$171,251,474$44,455,015$29,468,075$159,174,440
82$188,662,684$46,576,870$30,398,815$174,881,009
83$207,848,059$48,800,918$31,358,957$192,167,751
84$228,988,508$51,132,111$32,349,429$211,194,898
85$252,283,392$53,575,640$33,371,191$232,138,981
86$277,952,402$56,136,951$34,425,230$255,194,497
87$306,237,639$58,821,753$35,512,567$280,575,734
88$337,405,893$61,636,035$36,634,253$308,518,787
89$371,751,169$64,586,074$37,791,375$339,283,784
90$409,597,453$67,678,457$38,985,051$373,157,332
91$451,301,780$70,920,088$40,216,437$410,455,219
92$497,257,598$74,318,209$41,486,724$451,525,380
93$547,898,485$77,880,413$42,797,141$496,751,185
94$603,702,241$81,614,664$44,148,957$546,555,040
95$665,195,402$85,529,315$45,543,479$601,402,371
96$732,958,204$89,633,122$46,982,056$661,806,007
97$807,630,067$93,935,272$48,466,081$728,331,016
98$889,915,629$98,445,395$49,996,991$801,600,022
99$980,591,399$103,173,595$51,576,265$882,299,081
100$1,080,513,084$108,130,464$53,205,433$971,184,142