Can I retire at age 55 with 13,200,000?

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 $13,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,014,433
2 years$539,626$529,576$519,835$510,392$501,232$463,211
3 years$356,177$346,083$336,368$327,013$318,002$281,310
4 years$264,470$254,408$244,790$235,594$226,802$191,719
5 years$209,461$199,459$189,967$180,959$172,411$139,028
6 years$172,800$162,873$153,521$144,714$136,423$104,765
7 years$146,624$136,781$127,577$118,978$110,948$81,007
8 years$127,001$117,246$108,195$99,807$92,042$63,793
9 years$111,746$102,084$93,189$85,014$77,513$50,917
10 years$99,550$89,982$81,244$73,283$66,045$41,055
11 years$89,578$80,106$71,526$63,778$56,801$33,366
12 years$81,273$71,899$63,477$55,942$49,222$27,284
13 years$74,252$64,975$56,713$49,388$42,923$22,421
14 years$68,239$59,061$50,957$43,841$37,626$18,498
15 years$63,032$53,953$46,007$39,099$33,129$15,310
16 years$58,481$49,501$41,712$35,009$29,279$12,704
17 years$54,469$45,589$37,956$31,455$25,961$10,565
18 years$50,907$42,126$34,649$28,347$23,083$8,801
19 years$47,724$39,042$31,720$25,614$20,575$7,342
20 years$44,863$36,280$29,111$23,199$18,378$6,133
21 years$42,277$33,793$26,776$21,054$16,446$5,127
22 years$39,930$31,544$24,679$19,143$14,742$4,290
23 years$37,790$29,503$22,786$17,434$13,233$3,593
24 years$35,831$27,642$21,073$15,901$11,894$3,010
25 years$34,032$25,941$19,518$14,522$10,703$2,523
26 years$32,373$24,380$18,102$13,278$9,641$2,116
27 years$30,841$22,945$16,809$12,153$8,692$1,775
28 years$29,420$21,621$15,627$11,135$7,843$1,489
29 years$28,100$20,397$14,542$10,211$7,082$1,250
30 years$26,869$19,262$13,545$9,371$6,399$1,049
31 years$25,721$18,209$12,628$8,607$5,785$881
32 years$24,647$17,230$11,782$7,910$5,233$740
33 years$23,639$16,317$11,001$7,274$4,736$621
34 years$22,693$15,465$10,279$6,693$4,288$522
35 years$21,803$14,668$9,610$6,161$3,884$438
36 years$20,965$13,922$8,990$5,674$3,519$368
37 years$20,173$13,223$8,414$5,228$3,189$309
38 years$19,425$12,566$7,880$4,819$2,891$260
39 years$18,717$11,949$7,382$4,443$2,622$218
40 years$18,046$11,369$6,919$4,098$2,378$183
41 years$17,410$10,822$6,488$3,781$2,158$154
42 years$16,806$10,307$6,086$3,489$1,958$130
43 years$16,231$9,820$5,711$3,221$1,777$109
44 years$15,683$9,361$5,361$2,974$1,613$91
45 years$15,162$8,926$5,034$2,747$1,464$77
46 years$14,665$8,515$4,728$2,537$1,329$65
47 years$14,190$8,126$4,442$2,344$1,207$54
48 years$13,737$7,757$4,174$2,166$1,096$46
49 years$13,303$7,408$3,923$2,002$996$38
50 years$12,888$7,076$3,688$1,850$904$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $13,200,000, adding $6,799 every year, while hoping to spend $46,562 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: 38/44/18 Blend
54$13,200,000$13,200,000$13,200,000$13,200,000
55$14,553,413$13,853,813$13,649,213$15,027,451
56$15,988,320$14,483,108$14,056,920$15,998,388
57$17,568,026$15,141,679$14,476,725$17,042,076
58$19,307,253$15,830,909$14,908,983$18,169,035
59$21,222,220$16,552,251$15,354,062$19,386,798
60$23,330,802$17,307,226$15,812,338$20,703,620
61$25,652,692$18,097,429$16,284,200$22,128,559
62$28,209,592$18,924,529$16,770,046$23,671,545
63$31,025,417$19,790,277$17,270,289$25,343,480
64$34,126,517$20,696,508$17,785,351$27,156,322
65$37,541,929$21,645,144$18,315,667$29,123,200
66$41,303,650$22,638,200$18,861,686$31,258,526
67$45,446,938$23,677,788$19,423,869$33,578,126
68$50,010,647$24,766,121$20,002,690$36,099,379
69$55,037,590$25,905,518$20,598,637$38,841,376
70$60,574,946$27,098,410$21,212,213$41,825,089
71$66,674,703$28,347,344$21,843,935$45,073,560
72$73,394,150$29,654,992$22,494,334$48,612,112
73$80,796,418$31,024,150$23,163,958$52,468,575
74$88,951,073$32,457,754$23,853,371$56,673,539
75$97,934,775$33,958,877$24,563,152$61,260,634
76$107,832,002$35,530,742$25,293,897$66,266,834
77$118,735,844$37,176,726$26,046,221$71,732,795
78$130,748,885$38,900,371$26,820,754$77,703,226
79$143,984,169$40,705,386$27,618,147$84,227,301
80$158,566,267$42,595,663$28,439,068$91,359,103
81$174,632,453$44,575,278$29,284,204$99,158,129
82$192,334,003$46,648,506$30,154,264$107,689,831
83$211,837,615$48,819,826$31,049,975$117,026,220
84$233,326,990$51,093,936$31,972,088$127,246,528
85$257,004,562$53,475,758$32,921,372$138,437,945
86$283,093,411$55,970,454$33,898,622$150,696,415
87$311,839,366$58,583,433$34,904,652$164,127,532
88$343,513,326$61,320,366$35,940,303$178,847,511
89$378,413,820$64,187,198$37,006,438$194,984,269
90$416,869,821$67,190,163$38,103,945$212,678,611
91$459,243,856$70,335,794$39,233,740$232,085,531
92$505,935,421$73,630,939$40,396,762$253,375,662
93$557,384,759$77,082,781$41,593,979$276,736,854
94$614,077,014$80,698,846$42,826,387$302,375,924
95$676,546,807$84,487,028$44,095,009$330,520,586
96$745,383,289$88,455,599$45,400,899$361,421,567
97$821,235,696$92,613,235$46,745,140$395,354,946
98$904,819,482$96,969,029$48,128,848$432,624,734
99$996,923,074$101,532,516$49,553,169$473,565,704
100$1,098,415,310$106,313,693$51,019,283$518,546,527