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%16.9%
1 years$990,949$982,122$973,510$965,105$956,897$929,994
2 years$490,569$481,432$472,578$463,993$455,665$428,766
3 years$323,797$314,621$305,789$297,285$289,093$263,040
4 years$240,428$231,280$222,536$214,177$206,183$181,177
5 years$190,419$181,326$172,697$164,508$156,737$132,846
6 years$157,091$148,067$139,565$131,559$124,021$101,266
7 years$133,294$124,346$115,979$108,162$100,862$79,245
8 years$115,455$106,588$98,360$90,734$83,675$63,183
9 years$101,588$92,804$84,717$77,285$70,466$51,080
10 years$90,500$81,802$73,858$66,621$60,041$41,735
11 years$81,434$72,823$65,024$57,980$51,637$34,381
12 years$73,885$65,362$57,707$50,856$44,748$28,509
13 years$67,502$59,068$51,557$44,898$39,021$23,765
14 years$62,035$53,692$46,324$39,856$34,205$19,894
15 years$57,302$49,048$41,825$35,544$30,117$16,712
16 years$53,165$45,001$37,920$31,826$26,618$14,080
17 years$49,518$41,444$34,506$28,595$23,601$11,890
18 years$46,279$38,296$31,499$25,770$20,985$10,061
19 years$43,385$35,493$28,836$23,286$18,704$8,528
20 years$40,784$32,981$26,464$21,090$16,707$7,238
21 years$38,434$30,721$24,342$19,140$14,951$6,151
22 years$36,300$28,677$22,435$17,403$13,401$5,232
23 years$34,354$26,821$20,715$15,849$12,030$4,454
24 years$32,574$25,129$19,158$14,455$10,813$3,795
25 years$30,938$23,583$17,744$13,201$9,730$3,235
26 years$29,430$22,164$16,457$12,071$8,764$2,759
27 years$28,037$20,859$15,281$11,049$7,902$2,354
28 years$26,745$19,655$14,206$10,123$7,130$2,009
29 years$25,545$18,542$13,220$9,283$6,438$1,716
30 years$24,427$17,511$12,314$8,519$5,817$1,465
31 years$23,383$16,554$11,480$7,824$5,259$1,252
32 years$22,406$15,663$10,711$7,191$4,757$1,070
33 years$21,490$14,834$10,001$6,613$4,305$914
34 years$20,630$14,059$9,344$6,084$3,898$781
35 years$19,821$13,335$8,736$5,601$3,531$668
36 years$19,059$12,656$8,172$5,158$3,199$571
37 years$18,339$12,021$7,649$4,753$2,899$488
38 years$17,659$11,424$7,163$4,381$2,629$417
39 years$17,016$10,863$6,711$4,039$2,384$357
40 years$16,406$10,335$6,290$3,725$2,162$305
41 years$15,827$9,838$5,898$3,437$1,961$261
42 years$15,278$9,370$5,533$3,172$1,780$223
43 years$14,755$8,927$5,192$2,928$1,615$191
44 years$14,258$8,510$4,873$2,704$1,466$163
45 years$13,784$8,115$4,576$2,497$1,331$140
46 years$13,332$7,741$4,298$2,307$1,209$119
47 years$12,900$7,387$4,038$2,131$1,097$102
48 years$12,488$7,052$3,794$1,969$997$87
49 years$12,094$6,735$3,567$1,820$905$75
50 years$11,716$6,433$3,353$1,682$822$64

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 $3,421 every year, while hoping to spend $38,757 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: 25/50/25 Blend
55$12,000,000$12,000,000$12,000,000$12,000,000
56$13,227,529$12,591,529$12,405,529$13,453,514
57$14,535,500$13,167,277$12,779,877$14,215,175
58$15,975,584$13,769,937$13,165,467$15,027,716
59$17,561,218$14,400,788$13,562,634$15,898,136
60$19,307,204$15,061,168$13,971,724$16,831,304
61$21,229,855$15,752,482$14,393,093$17,832,542
62$23,347,146$16,476,199$14,827,107$18,907,670
63$25,678,884$17,233,862$15,274,144$20,063,050
64$28,246,894$18,027,085$15,734,592$21,305,642
65$31,075,228$18,857,563$16,208,851$22,643,064
66$34,190,387$19,727,069$16,697,333$24,083,655
67$37,621,574$20,637,464$17,200,462$25,636,545
68$41,400,972$21,590,696$17,718,675$27,311,737
69$45,564,041$22,588,810$18,252,421$29,120,186
70$50,149,859$23,633,947$18,802,162$31,073,903
71$55,201,486$24,728,352$19,368,376$33,186,050
72$60,766,373$25,874,377$19,951,552$35,471,062
73$66,896,811$27,074,490$20,552,197$37,944,769
74$73,650,420$28,331,274$21,170,830$40,624,535
75$81,090,696$29,647,439$21,807,986$43,529,414
76$89,287,610$31,025,827$22,464,216$46,680,314
77$98,318,267$32,469,414$23,140,089$50,100,187
78$108,267,637$33,981,322$23,836,188$53,814,229
79$119,229,351$35,564,821$24,553,115$57,850,108
80$131,306,589$37,223,342$25,291,489$62,238,209
81$144,613,055$38,960,480$26,051,948$67,011,908
82$159,274,046$40,780,003$26,835,148$72,207,870
83$175,427,638$42,685,862$27,641,764$77,866,381
84$193,225,987$44,682,199$28,472,493$84,031,714
85$212,836,766$46,773,355$29,328,050$90,752,525
86$234,444,749$48,963,883$30,209,173$98,082,297
87$258,253,554$51,258,553$31,116,620$106,079,825
88$284,487,562$53,662,368$32,051,174$114,809,754
89$313,394,043$56,180,573$33,013,637$124,343,162
90$345,245,480$58,818,666$34,004,838$134,758,219
91$380,342,148$61,582,410$35,025,630$146,140,893
92$419,014,949$64,477,850$36,076,890$158,585,744
93$461,628,528$67,511,319$37,159,521$172,196,790
94$508,584,726$70,689,462$38,274,452$187,088,460
95$560,326,364$74,019,241$39,422,642$203,386,652
96$617,341,427$77,507,958$40,605,075$221,229,892
97$680,167,673$81,163,268$41,822,765$240,770,608
98$749,397,704$84,993,197$43,076,756$262,176,542
99$825,684,566$89,006,160$44,368,124$285,632,299
100$909,747,910$93,210,979$45,697,974$311,341,056