Can I retire at age 55 with 12,900,000?

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 $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$1,008,720
2 years$527,361$517,540$508,021$498,792$489,840$469,828
3 years$348,082$338,218$328,723$319,581$310,775$291,318
4 years$258,460$248,626$239,226$230,240$221,647$202,896
5 years$204,701$194,926$185,649$176,846$168,493$150,500
6 years$168,873$159,172$150,032$141,425$133,322$116,109
7 years$143,292$133,672$124,678$116,274$108,427$91,996
8 years$124,114$114,582$105,736$97,539$89,951$74,298
9 years$109,207$99,764$91,071$83,082$75,751$60,868
10 years$97,287$87,937$79,398$71,617$64,544$50,415
11 years$87,542$78,285$69,900$62,328$55,510$42,118
12 years$79,426$70,265$62,035$54,670$48,104$35,431
13 years$72,564$63,499$55,424$48,266$41,947$29,972
14 years$66,688$57,718$49,799$42,845$36,771$25,471
15 years$61,600$52,727$44,962$38,210$32,376$21,728
16 years$57,152$48,376$40,764$34,213$28,614$18,594
17 years$53,231$44,552$37,094$30,740$25,371$15,955
18 years$49,750$41,168$33,862$27,703$22,559$13,721
19 years$46,639$38,154$30,999$25,032$20,107$11,822
20 years$43,843$35,455$28,449$22,671$17,960$10,203
21 years$41,316$33,025$26,168$20,576$16,072$8,817
22 years$39,022$30,828$24,118$18,708$14,407$7,629
23 years$36,931$28,832$22,268$17,038$12,932$6,608
24 years$35,017$27,014$20,595$15,539$11,624$5,728
25 years$33,258$25,351$19,075$14,192$10,460$4,970
26 years$31,638$23,826$17,691$12,976$9,422$4,314
27 years$30,140$22,423$16,427$11,877$8,494$3,747
28 years$28,751$21,129$15,271$10,882$7,665$3,256
29 years$27,461$19,933$14,211$9,979$6,921$2,831
30 years$26,259$18,825$13,237$9,158$6,254$2,462
31 years$25,136$17,796$12,341$8,411$5,654$2,142
32 years$24,086$16,838$11,514$7,730$5,114$1,864
33 years$23,102$15,946$10,751$7,108$4,628$1,623
34 years$22,178$15,113$10,045$6,540$4,190$1,413
35 years$21,308$14,335$9,391$6,021$3,795$1,230
36 years$20,488$13,606$8,785$5,545$3,439$1,071
37 years$19,715$12,922$8,223$5,109$3,117$933
38 years$18,984$12,281$7,700$4,709$2,826$813
39 years$18,292$11,678$7,214$4,342$2,562$708
40 years$17,636$11,111$6,762$4,005$2,324$617
41 years$17,014$10,576$6,341$3,695$2,109$538
42 years$16,424$10,072$5,948$3,410$1,913$469
43 years$15,862$9,597$5,581$3,148$1,736$408
44 years$15,327$9,148$5,239$2,907$1,576$356
45 years$14,817$8,723$4,919$2,684$1,431$310
46 years$14,332$8,322$4,620$2,479$1,299$270
47 years$13,868$7,941$4,341$2,291$1,180$236
48 years$13,424$7,581$4,079$2,117$1,071$205
49 years$13,001$7,240$3,834$1,956$973$179
50 years$12,595$6,916$3,605$1,808$884$156

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $12,900,000, adding $2,299 every year, while hoping to spend $49,169 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: 61/30/9 Blend
54$12,900,000$12,900,000$12,900,000$12,900,000
55$14,218,171$13,534,471$13,334,521$15,057,158
56$15,616,109$14,145,345$13,728,912$16,230,178
57$17,154,989$14,784,504$14,134,868$17,503,678
58$18,849,135$15,453,281$14,552,722$18,891,984
59$20,714,330$16,153,075$14,982,822$20,406,177
60$22,767,967$16,885,351$15,425,521$22,058,441
61$25,029,208$17,651,642$15,881,186$23,862,178
62$27,519,172$18,453,557$16,350,190$25,832,123
63$30,261,128$19,292,781$16,832,921$27,984,484
64$33,280,715$20,171,080$17,329,776$30,337,090
65$36,606,188$21,090,303$17,841,164$32,909,555
66$40,268,681$22,052,390$18,367,505$35,723,456
67$44,302,502$23,059,372$18,909,231$38,802,536
68$48,745,453$24,113,378$19,466,787$42,172,919
69$53,639,195$25,216,639$20,040,630$45,863,354
70$59,029,633$26,371,494$20,631,231$49,905,478
71$64,967,351$27,580,392$21,239,073$54,334,113
72$71,508,092$28,845,903$21,864,653$59,187,585
73$78,713,282$30,170,717$22,508,484$64,508,079
74$86,650,610$31,557,655$23,171,090$70,342,034
75$95,394,665$33,009,673$23,853,015$76,740,572
76$105,027,642$34,529,869$24,554,813$83,759,973
77$115,640,120$36,121,490$25,277,057$91,462,200
78$127,331,909$37,787,940$26,020,335$99,915,476
79$140,213,000$39,532,786$26,785,253$109,194,915
80$154,404,600$41,359,766$27,572,432$119,383,231
81$170,040,274$43,272,799$28,382,514$130,571,502
82$187,267,208$45,275,992$29,216,154$142,860,024
83$206,247,599$47,373,652$30,074,031$156,359,246
84$227,160,182$49,570,289$30,956,839$171,190,803
85$250,201,922$51,870,634$31,865,294$187,488,654
86$275,589,868$54,279,645$32,800,132$205,400,333
87$303,563,206$56,802,519$33,762,108$225,088,331
88$334,385,514$59,444,704$34,752,000$246,731,618
89$368,347,253$62,211,910$35,770,608$270,527,319
90$405,768,502$65,110,124$36,818,753$296,692,559
91$447,001,989$68,145,619$37,897,280$325,466,501
92$492,436,412$71,324,975$39,007,059$357,112,588
93$542,500,113$74,655,086$40,148,983$391,921,013
94$597,665,120$78,143,180$41,323,969$430,211,444
95$658,451,602$81,796,836$42,532,962$472,336,021
96$725,432,782$85,623,998$43,776,933$518,682,667
97$799,240,344$89,632,992$45,056,879$569,678,727
98$880,570,401$93,832,550$46,373,826$625,794,984
99$970,190,061$98,231,824$47,728,828$687,550,083
100$1,068,944,672$102,840,409$49,122,969$755,515,406