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%14.3%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$1,002,544
2 years$523,273$513,528$504,083$494,925$486,043$467,822
3 years$345,384$335,596$326,175$317,104$308,366$290,639
4 years$256,456$246,699$237,372$228,455$219,929$202,832
5 years$203,114$193,415$184,210$175,476$167,186$150,769
6 years$167,564$157,938$148,869$140,329$132,289$116,569
7 years$142,181$132,636$123,711$115,372$107,586$92,569
8 years$123,152$113,693$104,917$96,783$89,253$74,934
9 years$108,360$98,991$90,365$82,438$75,164$61,535
10 years$96,533$87,255$78,782$71,062$64,044$51,093
11 years$86,863$77,678$69,359$61,845$55,080$42,793
12 years$78,810$69,720$61,554$54,247$47,731$36,091
13 years$72,002$63,006$54,994$47,892$41,622$30,612
14 years$66,171$57,271$49,413$42,513$36,486$26,085
15 years$61,122$52,318$44,613$37,914$32,125$22,314
16 years$56,709$48,001$40,448$33,948$28,392$19,149
17 years$52,819$44,207$36,806$30,502$25,174$16,478
18 years$49,365$40,849$33,599$27,488$22,384$14,212
19 years$46,278$37,859$30,759$24,838$19,951$12,282
20 years$43,503$35,180$28,229$22,496$17,821$10,631
21 years$40,996$32,769$25,965$20,416$15,948$9,216
22 years$38,720$30,589$23,931$18,563$14,295$7,998
23 years$36,645$28,609$22,096$16,906$12,832$6,949
24 years$34,745$26,805$20,435$15,419$11,534$6,043
25 years$33,000$25,155$18,927$14,082$10,378$5,259
26 years$31,392$23,642$17,554$12,875$9,349$4,580
27 years$29,906$22,249$16,300$11,785$8,428$3,991
28 years$28,528$20,966$15,153$10,798$7,605$3,480
29 years$27,248$19,779$14,101$9,902$6,867$3,035
30 years$26,055$18,679$13,135$9,087$6,205$2,649
31 years$24,942$17,658$12,245$8,346$5,610$2,312
32 years$23,900$16,708$11,425$7,670$5,075$2,019
33 years$22,923$15,822$10,668$7,053$4,592$1,763
34 years$22,006$14,996$9,967$6,490$4,158$1,540
35 years$21,143$14,224$9,319$5,974$3,766$1,345
36 years$20,329$13,500$8,717$5,502$3,412$1,176
37 years$19,562$12,822$8,159$5,069$3,093$1,028
38 years$18,837$12,186$7,641$4,673$2,804$898
39 years$18,150$11,587$7,159$4,308$2,543$785
40 years$17,500$11,024$6,710$3,974$2,306$687
41 years$16,882$10,494$6,292$3,666$2,092$600
42 years$16,296$9,994$5,902$3,384$1,898$525
43 years$15,739$9,523$5,538$3,123$1,723$459
44 years$15,208$9,077$5,198$2,884$1,564$401
45 years$14,703$8,656$4,881$2,663$1,420$351
46 years$14,220$8,257$4,584$2,460$1,289$307
47 years$13,760$7,880$4,307$2,273$1,171$269
48 years$13,320$7,522$4,047$2,100$1,063$235
49 years$12,900$7,184$3,804$1,941$965$205
50 years$12,497$6,862$3,577$1,794$877$180

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 $4,351 every year, while hoping to spend $24,611 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: 67/23/10 Blend
54$12,800,000$12,800,000$12,800,000$12,800,000
55$14,110,088$13,431,688$13,233,288$15,025,994
56$15,523,131$14,063,655$13,650,417$16,267,430
57$17,079,480$14,725,763$14,080,696$17,620,829
58$18,793,725$15,419,464$14,524,537$19,099,835
59$20,681,946$16,146,278$14,982,370$20,716,733
60$22,761,860$16,907,802$15,454,635$22,485,033
61$25,052,991$17,705,705$15,941,787$24,419,601
62$27,576,855$18,541,744$16,444,295$26,536,796
63$30,357,159$19,417,754$16,962,644$28,854,614
64$33,420,029$20,335,664$17,497,332$31,392,863
65$36,794,255$21,297,494$18,048,876$34,173,340
66$40,511,561$22,305,364$18,617,806$37,220,034
67$44,606,908$23,361,494$19,204,670$40,559,350
68$49,118,820$24,468,215$19,810,034$44,220,355
69$54,089,750$25,627,968$20,434,481$48,235,041
70$59,566,481$26,843,315$21,078,612$52,638,630
71$65,600,565$28,116,940$21,743,048$57,469,899
72$72,248,812$29,451,660$22,428,430$62,771,536
73$79,573,825$30,850,426$23,135,417$68,590,546
74$87,644,593$32,316,333$23,864,690$74,978,683
75$96,537,137$33,852,629$24,616,953$81,992,932
76$106,335,233$35,462,717$25,392,929$89,696,045
77$117,131,202$37,150,165$26,193,367$98,157,123
78$129,026,777$38,918,715$27,019,038$107,452,265
79$142,134,069$40,772,293$27,870,736$117,665,274
80$156,576,622$42,715,013$28,749,284$128,888,446
81$172,490,578$44,751,190$29,655,526$141,223,429
82$190,025,967$46,885,348$30,590,336$154,782,177
83$209,348,119$49,122,233$31,554,615$169,687,999
84$230,639,223$51,466,819$32,549,291$186,076,710
85$254,100,055$53,924,324$33,575,323$204,097,906
86$279,951,865$56,500,220$34,633,700$223,916,369
87$308,438,467$59,200,243$35,725,441$245,713,606
88$339,828,545$62,030,409$36,851,598$269,689,559
89$374,418,186$64,997,029$38,013,256$296,064,472
90$412,533,675$68,106,717$39,211,534$325,080,969
91$454,534,576$71,366,413$40,447,587$357,006,324
92$500,817,127$74,783,391$41,722,605$392,134,972
93$551,817,979$78,365,282$43,037,817$430,791,280
94$608,018,319$82,120,087$44,394,490$473,332,589
95$669,948,413$86,056,196$45,793,931$520,152,574
96$738,192,612$90,182,411$47,237,489$571,684,949
97$813,394,867$94,507,958$48,726,553$628,407,538
98$896,264,810$99,042,514$50,262,560$690,846,775
99$987,584,453$103,796,230$51,846,988$759,582,651
100$1,088,215,570$108,779,748$53,481,364$835,254,176