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%15.6%
1 years$999,207$990,306$981,623$973,147$964,871$942,694
2 years$494,657$485,444$476,516$467,859$459,462$437,242
3 years$326,495$317,243$308,337$299,762$291,502$269,932
4 years$242,431$233,207$224,391$215,962$207,902$187,149
5 years$192,006$182,837$174,136$165,879$158,043$138,166
6 years$158,400$149,300$140,728$132,655$125,054$106,072
7 years$134,405$125,382$116,946$109,063$101,703$83,619
8 years$116,417$107,476$99,179$91,490$84,372$67,180
9 years$102,434$93,577$85,423$77,929$71,054$54,739
10 years$91,254$82,484$74,474$67,176$60,541$45,088
11 years$82,113$73,430$65,565$58,463$52,067$37,454
12 years$74,500$65,907$58,188$51,280$45,121$31,323
13 years$68,064$59,561$51,987$45,273$39,346$26,339
14 years$62,552$54,139$46,710$40,188$34,490$22,247
15 years$57,780$49,457$42,173$35,841$30,368$18,860
16 years$53,608$45,376$38,236$32,091$26,839$16,037
17 years$49,930$41,789$34,793$28,834$23,798$13,672
18 years$46,665$38,615$31,762$25,985$21,160$11,680
19 years$43,747$35,788$29,077$23,480$18,860$9,997
20 years$41,124$33,256$26,685$21,265$16,846$8,569
21 years$38,754$30,977$24,545$19,300$15,076$7,355
22 years$36,602$28,916$22,622$17,548$13,513$6,320
23 years$34,641$27,044$20,887$15,981$12,130$5,435
24 years$32,845$25,339$19,317$14,576$10,903$4,679
25 years$31,196$23,779$17,892$13,311$9,811$4,030
26 years$29,676$22,349$16,594$12,171$8,837$3,473
27 years$28,271$21,033$15,409$11,141$7,968$2,995
28 years$26,968$19,819$14,324$10,207$7,189$2,584
29 years$25,758$18,697$13,330$9,360$6,492$2,230
30 years$24,630$17,657$12,416$8,590$5,866$1,925
31 years$23,578$16,692$11,576$7,890$5,303$1,662
32 years$22,593$15,794$10,800$7,251$4,797$1,436
33 years$21,669$14,957$10,084$6,668$4,341$1,240
34 years$20,802$14,176$9,422$6,135$3,931$1,072
35 years$19,986$13,446$8,809$5,647$3,560$926
36 years$19,218$12,762$8,241$5,201$3,226$801
37 years$18,492$12,121$7,713$4,792$2,924$692
38 years$17,806$11,519$7,223$4,417$2,650$598
39 years$17,158$10,954$6,767$4,073$2,403$517
40 years$16,543$10,421$6,343$3,757$2,180$447
41 years$15,959$9,920$5,948$3,466$1,978$387
42 years$15,405$9,448$5,579$3,199$1,795$334
43 years$14,878$9,002$5,235$2,953$1,629$289
44 years$14,377$8,581$4,914$2,726$1,478$250
45 years$13,899$8,182$4,614$2,518$1,342$216
46 years$13,443$7,806$4,334$2,326$1,219$187
47 years$13,008$7,449$4,071$2,149$1,107$162
48 years$12,592$7,111$3,826$1,985$1,005$140
49 years$12,194$6,791$3,596$1,835$913$121
50 years$11,814$6,487$3,381$1,696$829$105

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 $6,887 every year, while hoping to spend $27,728 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: 37/49/14 Blend
55$12,100,000$12,100,000$12,100,000$12,100,000
56$13,341,304$12,700,004$12,512,454$13,777,667
57$14,672,615$13,292,802$12,902,119$14,684,013
58$16,138,790$13,913,717$13,303,908$15,659,184
59$17,753,556$14,564,099$13,718,199$16,711,899
60$19,532,039$15,245,361$14,145,379$17,849,108
61$21,490,908$15,958,985$14,585,850$19,078,426
62$23,648,530$16,706,524$15,040,025$20,408,202
63$26,025,144$17,489,607$15,508,330$21,847,586
64$28,643,053$18,309,942$15,991,203$23,406,614
65$31,526,834$19,169,319$16,489,098$25,096,292
66$34,703,569$20,069,614$17,002,481$26,928,696
67$38,203,103$21,012,795$17,531,835$28,917,074
68$42,058,323$22,000,925$18,077,654$31,075,969
69$46,305,467$23,036,166$18,640,451$33,421,342
70$50,984,472$24,120,786$19,220,753$35,970,718
71$56,139,345$25,257,161$19,819,105$38,743,342
72$61,818,580$26,447,783$20,436,067$41,760,349
73$68,075,617$27,695,267$21,072,217$45,044,955
74$74,969,346$29,002,351$21,728,152$48,622,667
75$82,564,660$30,371,907$22,404,487$52,521,509
76$90,933,073$31,806,947$23,101,854$56,772,281
77$100,153,388$33,310,630$23,820,908$61,408,831
78$110,312,447$34,886,264$24,562,322$66,468,368
79$121,505,948$36,537,322$25,326,791$71,991,796
80$133,839,348$38,267,444$26,115,031$78,024,088
81$147,428,857$40,080,445$26,927,781$84,614,698
82$162,402,540$41,980,326$27,765,802$91,818,009
83$178,901,522$43,971,284$28,629,878$99,693,834
84$197,081,317$46,057,718$29,520,819$108,307,960
85$217,113,305$48,244,240$30,439,460$117,732,757
86$239,186,341$50,535,686$31,386,661$128,047,841
87$263,508,542$52,937,129$32,363,309$139,340,804
88$290,309,252$55,453,887$33,370,317$151,708,024
89$319,841,203$58,091,534$34,408,631$165,255,554
90$352,382,906$60,855,920$35,479,220$180,100,100
91$388,241,276$63,753,174$36,583,088$196,370,101
92$427,754,533$66,789,726$37,721,268$214,206,914
93$471,295,390$69,972,318$38,894,825$233,766,132
94$519,274,577$73,308,018$40,104,859$255,219,017
95$572,144,712$76,804,240$41,352,500$278,754,095
96$630,404,582$80,468,756$42,638,918$304,578,905
97$694,603,843$84,309,719$43,965,316$332,921,928
98$765,348,216$88,335,676$45,332,934$364,034,715
99$843,305,200$92,555,590$46,743,054$398,194,225
100$929,210,378$96,978,862$48,196,994$435,705,405