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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.9%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,035,575
2 years$539,626$529,576$519,835$510,392$501,232$484,140
3 years$356,177$346,083$336,368$327,013$318,002$301,362
4 years$264,470$254,408$244,790$235,594$226,802$210,741
5 years$209,461$199,459$189,967$180,959$172,411$156,976
6 years$172,800$162,873$153,521$144,714$136,423$121,632
7 years$146,624$136,781$127,577$118,978$110,948$96,806
8 years$127,001$117,246$108,195$99,807$92,042$78,546
9 years$111,746$102,084$93,189$85,014$77,513$64,655
10 years$99,550$89,982$81,244$73,283$66,045$53,815
11 years$89,578$80,106$71,526$63,778$56,801$45,186
12 years$81,273$71,899$63,477$55,942$49,222$38,208
13 years$74,252$64,975$56,713$49,388$42,923$32,492
14 years$68,239$59,061$50,957$43,841$37,626$27,762
15 years$63,032$53,953$46,007$39,099$33,129$23,814
16 years$58,481$49,501$41,712$35,009$29,279$20,494
17 years$54,469$45,589$37,956$31,455$25,961$17,686
18 years$50,907$42,126$34,649$28,347$23,083$15,298
19 years$47,724$39,042$31,720$25,614$20,575$13,259
20 years$44,863$36,280$29,111$23,199$18,378$11,512
21 years$42,277$33,793$26,776$21,054$16,446$10,009
22 years$39,930$31,544$24,679$19,143$14,742$8,714
23 years$37,790$29,503$22,786$17,434$13,233$7,594
24 years$35,831$27,642$21,073$15,901$11,894$6,625
25 years$34,032$25,941$19,518$14,522$10,703$5,784
26 years$32,373$24,380$18,102$13,278$9,641$5,053
27 years$30,841$22,945$16,809$12,153$8,692$4,418
28 years$29,420$21,621$15,627$11,135$7,843$3,864
29 years$28,100$20,397$14,542$10,211$7,082$3,381
30 years$26,869$19,262$13,545$9,371$6,399$2,960
31 years$25,721$18,209$12,628$8,607$5,785$2,592
32 years$24,647$17,230$11,782$7,910$5,233$2,271
33 years$23,639$16,317$11,001$7,274$4,736$1,990
34 years$22,693$15,465$10,279$6,693$4,288$1,744
35 years$21,803$14,668$9,610$6,161$3,884$1,529
36 years$20,965$13,922$8,990$5,674$3,519$1,341
37 years$20,173$13,223$8,414$5,228$3,189$1,176
38 years$19,425$12,566$7,880$4,819$2,891$1,031
39 years$18,717$11,949$7,382$4,443$2,622$905
40 years$18,046$11,369$6,919$4,098$2,378$794
41 years$17,410$10,822$6,488$3,781$2,158$696
42 years$16,806$10,307$6,086$3,489$1,958$611
43 years$16,231$9,820$5,711$3,221$1,777$536
44 years$15,683$9,361$5,361$2,974$1,613$471
45 years$15,162$8,926$5,034$2,747$1,464$413
46 years$14,665$8,515$4,728$2,537$1,329$362
47 years$14,190$8,126$4,442$2,344$1,207$318
48 years$13,737$7,757$4,174$2,166$1,096$279
49 years$13,303$7,408$3,923$2,002$996$245
50 years$12,888$7,076$3,688$1,850$904$215

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 $3,354 every year, while hoping to spend $47,897 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: 65/17/18 Blend
54$13,200,000$13,200,000$13,200,000$13,200,000
55$14,549,860$13,850,260$13,645,660$15,430,204
56$15,982,983$14,477,960$14,051,827$16,648,638
57$17,560,680$15,134,813$14,469,996$17,973,800
58$19,297,646$15,822,196$14,900,518$19,420,793
59$21,210,075$16,541,552$15,343,754$21,001,542
60$23,315,810$17,294,395$15,800,077$22,729,166
61$25,634,512$18,082,310$16,269,869$24,618,103
62$28,187,847$18,906,958$16,753,524$26,684,242
63$30,999,689$19,770,080$17,251,449$28,945,070
64$34,096,344$20,673,501$17,764,059$31,419,833
65$37,506,801$21,619,132$18,291,785$34,129,716
66$41,263,002$22,608,977$18,835,067$37,098,040
67$45,400,146$23,645,135$19,394,360$40,350,476
68$49,957,021$24,729,807$19,970,131$43,915,288
69$54,976,369$25,865,299$20,562,862$47,823,593
70$60,505,287$27,054,027$21,173,046$52,109,649
71$66,595,677$28,298,525$21,801,194$56,811,181
72$73,304,730$29,601,448$22,447,828$61,969,726
73$80,695,470$30,965,576$23,113,488$67,631,023
74$88,837,346$32,393,827$23,798,728$73,845,444
75$97,806,888$33,889,257$24,504,118$80,668,456
76$107,688,429$35,455,069$25,230,244$88,161,150
77$118,574,903$37,094,621$25,977,711$96,390,805
78$130,568,717$38,811,433$26,747,139$105,431,518
79$143,782,725$40,609,191$27,539,167$115,364,903
80$158,341,286$42,491,764$28,354,452$126,280,851
81$174,381,440$44,463,204$29,193,669$138,278,373
82$192,054,205$46,527,759$30,057,515$151,466,528
83$211,525,996$48,689,881$30,946,704$165,965,449
84$232,980,201$50,954,239$31,861,972$181,907,466
85$256,618,909$53,325,724$32,804,075$199,438,348
86$282,664,820$55,809,466$33,773,794$218,718,674
87$311,363,343$58,410,842$34,771,927$239,925,340
88$342,984,916$61,135,486$35,799,300$263,253,220
89$377,827,560$63,989,307$36,856,758$288,916,996
90$416,219,686$66,978,497$37,945,174$317,153,176
91$458,523,200$70,109,550$39,065,444$348,222,320
92$505,136,920$73,389,272$40,218,490$382,411,485
93$556,500,337$76,824,797$41,405,260$420,036,928
94$613,097,765$80,423,605$42,626,730$461,447,079
95$675,462,914$84,193,539$43,883,902$507,025,820
96$744,183,927$88,142,818$45,177,809$557,196,096
97$819,908,933$92,280,062$46,509,511$612,423,897
98$903,352,164$96,614,305$47,880,100$673,222,641
99$995,300,699$101,155,020$49,290,698$740,158,013
100$1,096,621,894$105,912,139$50,742,459$813,853,284