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

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 $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%19.9%
1 years$990,949$982,122$973,510$965,105$956,897$918,931
2 years$490,569$481,432$472,578$463,993$455,665$417,886
3 years$323,797$314,621$305,789$297,285$289,093$252,689
4 years$240,428$231,280$222,536$214,177$206,183$171,433
5 years$190,419$181,326$172,697$164,508$156,737$123,729
6 years$157,091$148,067$139,565$131,559$124,021$92,775
7 years$133,294$124,346$115,979$108,162$100,862$71,368
8 years$115,455$106,588$98,360$90,734$83,675$55,902
9 years$101,588$92,804$84,717$77,285$70,466$44,372
10 years$90,500$81,802$73,858$66,621$60,041$35,575
11 years$81,434$72,823$65,024$57,980$51,637$28,743
12 years$73,885$65,362$57,707$50,856$44,748$23,363
13 years$67,502$59,068$51,557$44,898$39,021$19,080
14 years$62,035$53,692$46,324$39,856$34,205$15,643
15 years$57,302$49,048$41,825$35,544$30,117$12,864
16 years$53,165$45,001$37,920$31,826$26,618$10,605
17 years$49,518$41,444$34,506$28,595$23,601$8,761
18 years$46,279$38,296$31,499$25,770$20,985$7,249
19 years$43,385$35,493$28,836$23,286$18,704$6,006
20 years$40,784$32,981$26,464$21,090$16,707$4,982
21 years$38,434$30,721$24,342$19,140$14,951$4,137
22 years$36,300$28,677$22,435$17,403$13,401$3,437
23 years$34,354$26,821$20,715$15,849$12,030$2,858
24 years$32,574$25,129$19,158$14,455$10,813$2,377
25 years$30,938$23,583$17,744$13,201$9,730$1,978
26 years$29,430$22,164$16,457$12,071$8,764$1,647
27 years$28,037$20,859$15,281$11,049$7,902$1,372
28 years$26,745$19,655$14,206$10,123$7,130$1,143
29 years$25,545$18,542$13,220$9,283$6,438$952
30 years$24,427$17,511$12,314$8,519$5,817$793
31 years$23,383$16,554$11,480$7,824$5,259$661
32 years$22,406$15,663$10,711$7,191$4,757$551
33 years$21,490$14,834$10,001$6,613$4,305$459
34 years$20,630$14,059$9,344$6,084$3,898$383
35 years$19,821$13,335$8,736$5,601$3,531$319
36 years$19,059$12,656$8,172$5,158$3,199$266
37 years$18,339$12,021$7,649$4,753$2,899$222
38 years$17,659$11,424$7,163$4,381$2,629$185
39 years$17,016$10,863$6,711$4,039$2,384$154
40 years$16,406$10,335$6,290$3,725$2,162$129
41 years$15,827$9,838$5,898$3,437$1,961$107
42 years$15,278$9,370$5,533$3,172$1,780$90
43 years$14,755$8,927$5,192$2,928$1,615$75
44 years$14,258$8,510$4,873$2,704$1,466$62
45 years$13,784$8,115$4,576$2,497$1,331$52
46 years$13,332$7,741$4,298$2,307$1,209$43
47 years$12,900$7,387$4,038$2,131$1,097$36
48 years$12,488$7,052$3,794$1,969$997$30
49 years$12,094$6,735$3,567$1,820$905$25
50 years$11,716$6,433$3,353$1,682$822$21

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 $6,821 every year, while hoping to spend $54,867 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: 34/45/21 Blend
55$12,000,000$12,000,000$12,000,000$12,000,000
56$13,231,036$12,595,036$12,409,036$13,595,638
57$14,522,223$13,153,815$12,766,361$14,424,914
58$15,943,273$13,738,134$13,133,817$15,313,050
59$17,507,373$14,349,189$13,511,686$16,269,667
60$19,229,055$14,988,229$13,900,257$17,300,864
61$21,124,330$15,656,564$14,299,827$18,413,322
62$23,210,841$16,355,565$14,710,701$19,614,366
63$25,508,029$17,086,670$15,133,191$20,912,027
64$28,037,316$17,851,384$15,567,620$22,315,111
65$30,822,304$18,651,284$16,014,318$23,833,278
66$33,889,005$19,488,023$16,473,623$25,477,127
67$37,266,078$20,363,331$16,945,884$27,258,290
68$40,985,105$21,279,021$17,431,459$29,189,534
69$45,080,887$22,236,994$17,930,713$31,284,873
70$49,591,769$23,239,239$18,444,025$33,559,697
71$54,560,010$24,287,842$18,971,780$36,030,907
72$60,032,173$25,384,988$19,514,376$38,717,068
73$66,059,568$26,532,966$20,072,221$41,638,574
74$72,698,737$27,734,174$20,645,734$44,817,834
75$80,011,986$28,991,126$21,235,343$48,279,470
76$88,067,973$30,306,455$21,841,491$52,050,549
77$96,942,355$31,682,921$22,464,630$56,160,817
78$106,718,504$33,123,413$23,105,225$60,642,979
79$117,488,294$34,630,963$23,763,752$65,532,991
80$129,352,965$36,208,744$24,440,702$70,870,391
81$142,424,078$37,860,084$25,136,577$76,698,660
82$156,824,575$39,588,469$25,851,893$83,065,617
83$172,689,929$41,397,552$26,587,179$90,023,863
84$190,169,431$43,291,160$27,342,978$97,631,258
85$209,427,593$45,273,308$28,119,849$105,951,458
86$230,645,706$47,348,198$28,918,362$115,054,497
87$254,023,546$49,520,238$29,739,105$125,017,435
88$279,781,263$51,794,044$30,582,680$135,925,070
89$308,161,457$54,174,458$31,449,705$147,870,717
90$339,431,470$56,666,551$32,340,815$160,957,076
91$373,885,907$59,275,639$33,256,660$175,297,182
92$411,849,418$62,007,294$34,197,906$191,015,448
93$453,679,763$64,867,355$35,165,240$208,248,826
94$499,771,186$67,861,943$36,159,363$227,148,073
95$550,558,141$70,997,473$37,180,996$247,879,156
96$606,519,390$74,280,668$38,230,878$270,624,790
97$668,182,523$77,718,575$39,309,767$295,586,147
98$736,128,937$81,318,581$40,418,440$322,984,719
99$810,999,326$85,088,430$41,557,696$353,064,390
100$893,499,730$89,036,236$42,728,352$386,093,708