Can I retire at age 56 with 12,100,000?

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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$999,207$990,306$981,623$973,147$964,871$946,551
2 years$494,657$485,444$476,516$467,859$459,462$441,077
3 years$326,495$317,243$308,337$299,762$291,502$273,624
4 years$242,431$233,207$224,391$215,962$207,902$190,669
5 years$192,006$182,837$174,136$165,879$158,043$141,505
6 years$158,400$149,300$140,728$132,655$125,054$109,228
7 years$134,405$125,382$116,946$109,063$101,703$86,593
8 years$116,417$107,476$99,179$91,490$84,372$69,975
9 years$102,434$93,577$85,423$77,929$71,054$57,360
10 years$91,254$82,484$74,474$67,176$60,541$47,539
11 years$82,113$73,430$65,565$58,463$52,067$39,741
12 years$74,500$65,907$58,188$51,280$45,121$33,452
13 years$68,064$59,561$51,987$45,273$39,346$28,317
14 years$62,552$54,139$46,710$40,188$34,490$24,081
15 years$57,780$49,457$42,173$35,841$30,368$20,557
16 years$53,608$45,376$38,236$32,091$26,839$17,604
17 years$49,930$41,789$34,793$28,834$23,798$15,116
18 years$46,665$38,615$31,762$25,985$21,160$13,009
19 years$43,747$35,788$29,077$23,480$18,860$11,217
20 years$41,124$33,256$26,685$21,265$16,846$9,688
21 years$38,754$30,977$24,545$19,300$15,076$8,379
22 years$36,602$28,916$22,622$17,548$13,513$7,255
23 years$34,641$27,044$20,887$15,981$12,130$6,289
24 years$32,845$25,339$19,317$14,576$10,903$5,456
25 years$31,196$23,779$17,892$13,311$9,811$4,737
26 years$29,676$22,349$16,594$12,171$8,837$4,116
27 years$28,271$21,033$15,409$11,141$7,968$3,578
28 years$26,968$19,819$14,324$10,207$7,189$3,112
29 years$25,758$18,697$13,330$9,360$6,492$2,708
30 years$24,630$17,657$12,416$8,590$5,866$2,357
31 years$23,578$16,692$11,576$7,890$5,303$2,052
32 years$22,593$15,794$10,800$7,251$4,797$1,787
33 years$21,669$14,957$10,084$6,668$4,341$1,557
34 years$20,802$14,176$9,422$6,135$3,931$1,357
35 years$19,986$13,446$8,809$5,647$3,560$1,182
36 years$19,218$12,762$8,241$5,201$3,226$1,031
37 years$18,492$12,121$7,713$4,792$2,924$898
38 years$17,806$11,519$7,223$4,417$2,650$783
39 years$17,158$10,954$6,767$4,073$2,403$683
40 years$16,543$10,421$6,343$3,757$2,180$596
41 years$15,959$9,920$5,948$3,466$1,978$519
42 years$15,405$9,448$5,579$3,199$1,795$453
43 years$14,878$9,002$5,235$2,953$1,629$395
44 years$14,377$8,581$4,914$2,726$1,478$345
45 years$13,899$8,182$4,614$2,518$1,342$301
46 years$13,443$7,806$4,334$2,326$1,219$262
47 years$13,008$7,449$4,071$2,149$1,107$229
48 years$12,592$7,111$3,826$1,985$1,005$200
49 years$12,194$6,791$3,596$1,835$913$174
50 years$11,814$6,487$3,381$1,696$829$152

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $12,100,000, adding $4,619 every year, while hoping to spend $49,463 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: 61/12/27 Blend
55$12,100,000$12,100,000$12,100,000$12,100,000
56$13,338,964$12,697,664$12,510,114$14,055,618
57$14,646,911$13,267,222$12,876,575$15,113,228
58$16,086,609$13,863,030$13,253,654$16,261,373
59$17,671,448$14,486,322$13,641,656$17,513,594
60$19,416,175$15,138,392$14,040,891$18,880,059
61$21,337,046$15,820,594$14,451,682$20,371,951
62$23,451,968$16,534,347$14,874,357$22,001,582
63$25,780,677$17,281,138$15,309,256$23,782,498
64$28,344,917$18,062,525$15,756,727$25,729,611
65$31,168,650$18,880,140$16,217,129$27,859,334
66$34,278,280$19,735,693$16,690,830$30,189,734
67$37,702,899$20,630,978$17,178,208$32,740,700
68$41,474,570$21,567,870$17,679,652$35,534,128
69$45,628,619$22,548,339$18,195,563$38,594,127
70$50,203,975$23,574,445$18,726,352$41,947,239
71$55,243,537$24,648,349$19,272,442$45,622,691
72$60,794,576$25,772,316$19,834,266$49,652,667
73$66,909,180$26,948,717$20,412,272$54,072,604
74$73,644,751$28,180,039$21,006,917$58,921,532
75$81,064,542$29,468,887$21,618,675$64,242,428
76$89,238,254$30,817,991$22,248,029$70,082,628
77$98,242,696$32,230,213$22,895,479$76,494,263
78$108,162,509$33,708,551$23,561,535$83,534,750
79$119,090,963$35,256,148$24,246,725$91,267,331
80$131,130,839$36,876,298$24,951,588$99,761,663
81$144,395,400$38,572,451$25,676,682$109,094,472
82$159,009,456$40,348,227$26,422,576$119,350,275
83$175,110,547$42,207,416$27,189,858$130,622,168
84$192,850,235$44,153,992$27,979,131$143,012,706
85$212,395,542$46,192,120$28,791,014$156,634,859
86$233,930,519$48,326,166$29,626,145$171,613,079
87$257,657,989$50,560,705$30,485,178$188,084,466
88$283,801,458$52,900,533$31,368,785$206,200,056
89$312,607,224$55,350,677$32,277,657$226,126,243
90$344,346,706$57,916,405$33,212,504$248,046,341
91$379,319,002$60,603,241$34,174,055$272,162,309
92$417,853,713$63,416,973$35,163,059$298,696,649
93$460,314,057$66,363,670$36,180,286$327,894,502
94$507,100,292$69,449,691$37,226,527$360,025,952
95$558,653,501$72,681,705$38,302,595$395,388,570
96$615,459,749$76,066,700$39,409,323$434,310,213
97$678,054,679$79,612,003$40,547,570$477,152,110
98$747,028,559$83,325,294$41,718,217$524,312,266
99$823,031,862$87,214,624$42,922,168$576,229,208
100$906,781,404$91,288,433$44,160,352$633,386,115