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

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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$999,207$990,306$981,623$973,147$964,871$958,790
2 years$494,657$485,444$476,516$467,859$459,462$453,329
3 years$326,495$317,243$308,337$299,762$291,502$285,505
4 years$242,431$233,207$224,391$215,962$207,902$202,088
5 years$192,006$182,837$174,136$165,879$158,043$152,430
6 years$158,400$149,300$140,728$132,655$125,054$119,649
7 years$134,405$125,382$116,946$109,063$101,703$96,507
8 years$116,417$107,476$99,179$91,490$84,372$79,387
9 years$102,434$93,577$85,423$77,929$71,054$66,277
10 years$91,254$82,484$74,474$67,176$60,541$55,971
11 years$82,113$73,430$65,565$58,463$52,067$47,701
12 years$74,500$65,907$58,188$51,280$45,121$40,954
13 years$68,064$59,561$51,987$45,273$39,346$35,375
14 years$62,552$54,139$46,710$40,188$34,490$30,710
15 years$57,780$49,457$42,173$35,841$30,368$26,774
16 years$53,608$45,376$38,236$32,091$26,839$23,426
17 years$49,930$41,789$34,793$28,834$23,798$20,559
18 years$46,665$38,615$31,762$25,985$21,160$18,091
19 years$43,747$35,788$29,077$23,480$18,860$15,955
20 years$41,124$33,256$26,685$21,265$16,846$14,099
21 years$38,754$30,977$24,545$19,300$15,076$12,480
22 years$36,602$28,916$22,622$17,548$13,513$11,064
23 years$34,641$27,044$20,887$15,981$12,130$9,821
24 years$32,845$25,339$19,317$14,576$10,903$8,728
25 years$31,196$23,779$17,892$13,311$9,811$7,764
26 years$29,676$22,349$16,594$12,171$8,837$6,913
27 years$28,271$21,033$15,409$11,141$7,968$6,160
28 years$26,968$19,819$14,324$10,207$7,189$5,493
29 years$25,758$18,697$13,330$9,360$6,492$4,902
30 years$24,630$17,657$12,416$8,590$5,866$4,376
31 years$23,578$16,692$11,576$7,890$5,303$3,909
32 years$22,593$15,794$10,800$7,251$4,797$3,493
33 years$21,669$14,957$10,084$6,668$4,341$3,122
34 years$20,802$14,176$9,422$6,135$3,931$2,792
35 years$19,986$13,446$8,809$5,647$3,560$2,498
36 years$19,218$12,762$8,241$5,201$3,226$2,235
37 years$18,492$12,121$7,713$4,792$2,924$2,000
38 years$17,806$11,519$7,223$4,417$2,650$1,790
39 years$17,158$10,954$6,767$4,073$2,403$1,603
40 years$16,543$10,421$6,343$3,757$2,180$1,436
41 years$15,959$9,920$5,948$3,466$1,978$1,286
42 years$15,405$9,448$5,579$3,199$1,795$1,152
43 years$14,878$9,002$5,235$2,953$1,629$1,032
44 years$14,377$8,581$4,914$2,726$1,478$925
45 years$13,899$8,182$4,614$2,518$1,342$829
46 years$13,443$7,806$4,334$2,326$1,219$742
47 years$13,008$7,449$4,071$2,149$1,107$665
48 years$12,592$7,111$3,826$1,985$1,005$596
49 years$12,194$6,791$3,596$1,835$913$535
50 years$11,814$6,487$3,381$1,696$829$479

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 $3,342 every year, while hoping to spend $53,304 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: 61/33/6 Blend
55$12,100,000$12,100,000$12,100,000$12,100,000
56$13,337,647$12,696,347$12,508,797$14,136,321
57$14,641,372$13,261,753$12,871,127$15,235,743
58$16,076,291$13,853,078$13,243,808$16,428,276
59$17,655,728$14,471,534$13,627,131$17,728,014
60$19,394,367$15,118,394$14,021,395$19,145,287
61$21,308,386$15,794,989$14,426,906$20,691,450
62$23,415,613$16,502,715$14,843,979$22,378,989
63$25,735,691$17,243,034$15,272,937$24,221,635
64$28,290,265$18,017,476$15,714,114$26,234,490
65$31,103,186$18,827,646$16,167,851$28,434,163
66$34,200,735$19,675,225$16,634,498$30,838,924
67$37,611,873$20,561,973$17,114,416$33,468,874
68$41,368,510$21,489,736$17,607,975$36,346,126
69$45,505,812$22,460,447$18,115,556$39,495,011
70$50,062,526$23,476,130$18,637,548$42,942,302
71$55,081,351$24,538,908$19,174,354$46,717,461
72$60,609,339$25,651,004$19,726,385$50,852,912
73$66,698,336$26,814,749$20,294,064$55,384,342
74$73,405,477$28,032,582$20,877,825$60,351,028
75$80,793,720$29,307,062$21,478,116$65,796,207
76$88,932,441$30,640,870$22,095,395$71,767,471
77$97,898,091$32,036,814$22,730,132$78,317,213
78$107,774,916$33,497,837$23,382,811$85,503,114
79$118,655,750$35,027,024$24,053,927$93,388,678
80$130,642,894$36,627,606$24,743,992$102,043,825
81$143,849,082$38,302,971$25,453,528$111,545,541
82$158,398,539$40,056,668$26,183,073$121,978,596
83$174,428,163$41,892,417$26,933,178$133,436,337
84$192,088,806$43,814,116$27,704,410$146,021,555
85$211,546,708$45,825,852$28,497,352$159,847,451
86$232,985,059$47,931,905$29,312,599$175,038,687
87$256,605,729$50,136,763$30,150,766$191,732,557
88$282,631,178$52,445,129$31,012,481$210,080,271
89$311,306,550$54,861,932$31,898,391$230,248,365
90$342,901,991$57,392,339$32,809,160$252,420,268
91$377,715,195$60,041,765$33,745,468$276,798,011
92$416,074,217$62,815,884$34,708,013$303,604,130
93$458,340,571$65,720,645$35,697,515$333,083,744
94$504,912,635$68,762,283$36,714,708$365,506,856
95$556,229,423$71,947,333$37,760,349$401,170,888
96$612,774,717$75,282,646$38,835,214$440,403,470
97$675,081,642$78,775,400$39,940,098$483,565,513
98$743,737,697$82,433,122$41,075,819$531,054,603
99$819,390,298$86,263,701$42,243,215$583,308,729
100$902,752,893$90,275,406$43,443,146$640,810,400