Can I retire at age 56 with 12,000,000?

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 $12,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$990,949$982,122$973,510$965,105$956,897$939,113
2 years$490,569$481,432$472,578$463,993$455,665$437,815
3 years$323,797$314,621$305,789$297,285$289,093$271,732
4 years$240,428$231,280$222,536$214,177$206,183$189,446
5 years$190,419$181,326$172,697$164,508$156,737$140,671
6 years$157,091$148,067$139,565$131,559$124,021$108,644
7 years$133,294$124,346$115,979$108,162$100,862$86,178
8 years$115,455$106,588$98,360$90,734$83,675$69,680
9 years$101,588$92,804$84,717$77,285$70,466$57,153
10 years$90,500$81,802$73,858$66,621$60,041$47,396
11 years$81,434$72,823$65,024$57,980$51,637$39,646
12 years$73,885$65,362$57,707$50,856$44,748$33,394
13 years$67,502$59,068$51,557$44,898$39,021$28,287
14 years$62,035$53,692$46,324$39,856$34,205$24,071
15 years$57,302$49,048$41,825$35,544$30,117$20,563
16 years$53,165$45,001$37,920$31,826$26,618$17,622
17 years$49,518$41,444$34,506$28,595$23,601$15,142
18 years$46,279$38,296$31,499$25,770$20,985$13,041
19 years$43,385$35,493$28,836$23,286$18,704$11,253
20 years$40,784$32,981$26,464$21,090$16,707$9,726
21 years$38,434$30,721$24,342$19,140$14,951$8,418
22 years$36,300$28,677$22,435$17,403$13,401$7,295
23 years$34,354$26,821$20,715$15,849$12,030$6,328
24 years$32,574$25,129$19,158$14,455$10,813$5,495
25 years$30,938$23,583$17,744$13,201$9,730$4,774
26 years$29,430$22,164$16,457$12,071$8,764$4,151
27 years$28,037$20,859$15,281$11,049$7,902$3,612
28 years$26,745$19,655$14,206$10,123$7,130$3,144
29 years$25,545$18,542$13,220$9,283$6,438$2,738
30 years$24,427$17,511$12,314$8,519$5,817$2,385
31 years$23,383$16,554$11,480$7,824$5,259$2,078
32 years$22,406$15,663$10,711$7,191$4,757$1,812
33 years$21,490$14,834$10,001$6,613$4,305$1,579
34 years$20,630$14,059$9,344$6,084$3,898$1,377
35 years$19,821$13,335$8,736$5,601$3,531$1,201
36 years$19,059$12,656$8,172$5,158$3,199$1,048
37 years$18,339$12,021$7,649$4,753$2,899$915
38 years$17,659$11,424$7,163$4,381$2,629$798
39 years$17,016$10,863$6,711$4,039$2,384$696
40 years$16,406$10,335$6,290$3,725$2,162$608
41 years$15,827$9,838$5,898$3,437$1,961$531
42 years$15,278$9,370$5,533$3,172$1,780$463
43 years$14,755$8,927$5,192$2,928$1,615$404
44 years$14,258$8,510$4,873$2,704$1,466$353
45 years$13,784$8,115$4,576$2,497$1,331$308
46 years$13,332$7,741$4,298$2,307$1,209$269
47 years$12,900$7,387$4,038$2,131$1,097$235
48 years$12,488$7,052$3,794$1,969$997$205
49 years$12,094$6,735$3,567$1,820$905$179
50 years$11,716$6,433$3,353$1,682$822$156

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $12,000,000, adding $4,449 every year, while hoping to spend $33,125 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: 56/29/15 Blend
55$12,000,000$12,000,000$12,000,000$12,000,000
56$13,228,589$12,592,589$12,406,589$13,917,400
57$14,542,660$13,174,381$12,786,965$14,967,336
58$15,989,657$13,783,571$13,178,974$16,106,483
59$17,583,102$14,421,466$13,582,969$17,346,601
60$19,337,897$15,089,436$13,999,317$18,697,358
61$21,270,462$15,788,919$14,428,394$20,169,383
62$23,398,893$16,521,419$14,870,589$21,774,361
63$25,743,127$17,288,516$15,326,300$23,525,139
64$28,325,135$18,091,862$15,795,941$25,435,842
65$31,169,129$18,933,194$16,279,935$27,522,006
66$34,301,788$19,814,328$16,778,721$29,800,715
67$37,752,510$20,737,169$17,292,747$32,290,761
68$41,553,692$21,703,717$17,822,480$35,012,817
69$45,741,032$22,716,063$18,368,397$37,989,625
70$50,353,871$23,776,403$18,930,992$41,246,205
71$55,435,558$24,887,039$19,510,772$44,810,089
72$61,033,863$26,050,382$20,108,261$48,711,573
73$67,201,427$27,268,961$20,723,998$52,983,993
74$73,996,259$28,545,427$21,358,539$57,664,043
75$81,482,283$29,882,558$22,012,455$62,792,104
76$89,729,942$31,283,269$22,686,338$68,412,626
77$98,816,860$32,750,613$23,380,795$74,574,536
78$108,828,580$34,287,793$24,096,451$81,331,696
79$119,859,365$35,898,165$24,833,953$88,743,400
80$132,013,094$37,585,249$25,593,964$96,874,925
81$145,404,238$39,352,735$26,377,170$105,798,144
82$160,158,941$41,204,490$27,184,276$115,592,189
83$176,416,214$43,144,570$28,016,010$126,344,193
84$194,329,242$45,177,228$28,873,120$138,150,099
85$214,066,833$47,306,921$29,756,379$151,115,558
86$235,815,013$49,538,324$30,666,581$165,356,916
87$259,778,779$51,876,336$31,604,545$181,002,298
88$286,184,034$54,326,096$32,571,117$198,192,808
89$315,279,720$56,892,990$33,567,165$217,083,847
90$347,340,172$59,582,666$34,593,585$237,846,569
91$382,667,701$62,401,048$35,651,301$260,669,482
92$421,595,450$65,354,343$36,741,263$285,760,211
93$464,490,543$68,449,063$37,864,452$313,347,449
94$511,757,544$71,692,033$39,021,878$343,683,094
95$563,842,282$75,090,411$40,214,579$377,044,613
96$621,236,056$78,651,702$41,443,628$413,737,648
97$684,480,273$82,383,775$42,710,129$454,098,876
98$754,171,561$86,294,880$44,015,219$498,499,176
99$830,967,402$90,393,671$45,360,070$547,347,106
100$915,592,333$94,689,217$46,745,889$601,092,741