Can I retire at age 55 with 12,800,000?

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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$988,809
2 years$523,273$513,528$504,083$494,925$486,043$454,207
3 years$345,384$335,596$326,175$317,104$308,366$277,574
4 years$256,456$246,699$237,372$228,455$219,929$190,417
5 years$203,114$193,415$184,210$175,476$167,186$139,034
6 years$167,564$157,938$148,869$140,329$132,289$105,520
7 years$142,181$132,636$123,711$115,372$107,586$82,199
8 years$123,152$113,693$104,917$96,783$89,253$65,231
9 years$108,360$98,991$90,365$82,438$75,164$52,480
10 years$96,533$87,255$78,782$71,062$64,044$42,664
11 years$86,863$77,678$69,359$61,845$55,080$34,966
12 years$78,810$69,720$61,554$54,247$47,731$28,841
13 years$72,002$63,006$54,994$47,892$41,622$23,912
14 years$66,171$57,271$49,413$42,513$36,486$19,907
15 years$61,122$52,318$44,613$37,914$32,125$16,629
16 years$56,709$48,001$40,448$33,948$28,392$13,929
17 years$52,819$44,207$36,806$30,502$25,174$11,694
18 years$49,365$40,849$33,599$27,488$22,384$9,837
19 years$46,278$37,859$30,759$24,838$19,951$8,288
20 years$43,503$35,180$28,229$22,496$17,821$6,991
21 years$40,996$32,769$25,965$20,416$15,948$5,905
22 years$38,720$30,589$23,931$18,563$14,295$4,991
23 years$36,645$28,609$22,096$16,906$12,832$4,223
24 years$34,745$26,805$20,435$15,419$11,534$3,575
25 years$33,000$25,155$18,927$14,082$10,378$3,028
26 years$31,392$23,642$17,554$12,875$9,349$2,566
27 years$29,906$22,249$16,300$11,785$8,428$2,175
28 years$28,528$20,966$15,153$10,798$7,605$1,845
29 years$27,248$19,779$14,101$9,902$6,867$1,565
30 years$26,055$18,679$13,135$9,087$6,205$1,328
31 years$24,942$17,658$12,245$8,346$5,610$1,127
32 years$23,900$16,708$11,425$7,670$5,075$956
33 years$22,923$15,822$10,668$7,053$4,592$812
34 years$22,006$14,996$9,967$6,490$4,158$689
35 years$21,143$14,224$9,319$5,974$3,766$585
36 years$20,329$13,500$8,717$5,502$3,412$497
37 years$19,562$12,822$8,159$5,069$3,093$422
38 years$18,837$12,186$7,641$4,673$2,804$358
39 years$18,150$11,587$7,159$4,308$2,543$304
40 years$17,500$11,024$6,710$3,974$2,306$259
41 years$16,882$10,494$6,292$3,666$2,092$220
42 years$16,296$9,994$5,902$3,384$1,898$187
43 years$15,739$9,523$5,538$3,123$1,723$159
44 years$15,208$9,077$5,198$2,884$1,564$135
45 years$14,703$8,656$4,881$2,663$1,420$114
46 years$14,220$8,257$4,584$2,460$1,289$97
47 years$13,760$7,880$4,307$2,273$1,171$83
48 years$13,320$7,522$4,047$2,100$1,063$70
49 years$12,900$7,184$3,804$1,941$965$60
50 years$12,497$6,862$3,577$1,794$877$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $12,800,000, adding $3,378 every year, while hoping to spend $21,551 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: 24/48/28 Blend
54$12,800,000$12,800,000$12,800,000$12,800,000
55$14,109,084$13,430,684$13,232,284$14,323,147
56$15,525,281$14,065,858$13,652,636$15,140,683
57$17,085,207$14,731,432$14,086,347$16,013,931
58$18,803,501$15,428,875$14,533,842$16,949,100
59$20,696,292$16,159,724$14,995,560$17,951,359
60$22,781,355$16,925,592$15,471,952$19,026,350
61$25,078,277$17,728,170$15,963,486$20,180,241
62$27,608,641$18,569,230$16,470,643$21,419,772
63$30,396,233$19,450,632$16,993,920$22,752,313
64$33,467,261$20,374,326$17,533,829$24,185,928
65$36,850,609$21,342,355$18,090,899$25,729,435
66$40,578,103$22,356,863$18,665,676$27,392,492
67$44,684,817$23,420,096$19,258,724$29,185,667
68$49,209,399$24,534,412$19,870,622$31,120,539
69$54,194,441$25,702,281$20,501,971$33,209,788
70$59,686,877$26,926,296$21,153,390$35,467,313
71$65,738,425$28,209,171$21,825,515$37,908,343
72$72,406,082$29,553,758$22,519,007$40,549,580
73$79,752,653$30,963,043$23,234,545$43,409,335
74$87,847,351$32,440,159$23,972,829$46,507,693
75$96,766,445$33,988,391$24,734,583$49,866,690
76$106,593,985$35,611,185$25,520,555$53,510,506
77$117,422,591$37,312,153$26,331,513$57,465,679
78$129,354,330$39,095,082$27,168,253$61,761,341
79$142,501,676$40,963,946$28,031,594$66,429,477
80$156,988,579$42,922,911$28,922,384$71,505,212
81$172,951,624$44,976,344$29,841,494$77,027,123
82$190,541,332$47,128,827$30,789,826$83,037,585
83$209,923,572$49,385,164$31,768,310$89,583,158
84$231,281,133$51,750,393$32,777,904$96,714,997
85$254,815,443$54,229,797$33,819,599$104,489,325
86$280,748,477$56,828,916$34,894,414$112,967,934
87$309,324,849$59,553,560$36,003,404$122,218,751
88$340,814,122$62,409,823$37,147,657$132,316,452
89$375,513,352$65,404,094$38,328,293$143,343,144
90$413,749,893$68,543,074$39,546,471$155,389,115
91$455,884,489$71,833,791$40,803,384$168,553,659
92$502,314,675$75,283,615$42,100,265$182,945,984
93$553,478,533$78,900,274$43,438,385$198,686,213
94$609,858,830$82,691,873$44,819,058$215,906,490
95$671,987,569$86,666,914$46,243,635$234,752,190
96$740,451,019$90,834,311$47,713,515$255,383,264
97$815,895,244$95,203,413$49,230,138$277,975,706
98$899,032,203$99,784,024$50,794,992$302,723,184
99$990,646,475$104,586,429$52,409,611$329,838,824
100$1,091,602,662$109,621,410$54,075,580$359,557,186