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%18.4%
1 years$999,207$990,306$981,623$973,147$964,871$932,121
2 years$494,657$485,444$476,516$467,859$459,462$426,795
3 years$326,495$317,243$308,337$299,762$291,502$259,944
4 years$242,431$233,207$224,391$215,962$207,902$177,694
5 years$192,006$182,837$174,136$165,879$158,043$129,266
6 years$158,400$149,300$140,728$132,655$125,054$97,731
7 years$134,405$125,382$116,946$109,063$101,703$75,828
8 years$116,417$107,476$99,179$91,490$84,372$59,926
9 years$102,434$93,577$85,423$77,929$71,054$48,007
10 years$91,254$82,484$74,474$67,176$60,541$38,856
11 years$82,113$73,430$65,565$58,463$52,067$31,702
12 years$74,500$65,907$58,188$51,280$45,121$26,027
13 years$68,064$59,561$51,987$45,273$39,346$21,476
14 years$62,552$54,139$46,710$40,188$34,490$17,792
15 years$57,780$49,457$42,173$35,841$30,368$14,789
16 years$53,608$45,376$38,236$32,091$26,839$12,325
17 years$49,930$41,789$34,793$28,834$23,798$10,295
18 years$46,665$38,615$31,762$25,985$21,160$8,615
19 years$43,747$35,788$29,077$23,480$18,860$7,220
20 years$41,124$33,256$26,685$21,265$16,846$6,058
21 years$38,754$30,977$24,545$19,300$15,076$5,089
22 years$36,602$28,916$22,622$17,548$13,513$4,278
23 years$34,641$27,044$20,887$15,981$12,130$3,599
24 years$32,845$25,339$19,317$14,576$10,903$3,030
25 years$31,196$23,779$17,892$13,311$9,811$2,552
26 years$29,676$22,349$16,594$12,171$8,837$2,151
27 years$28,271$21,033$15,409$11,141$7,968$1,813
28 years$26,968$19,819$14,324$10,207$7,189$1,529
29 years$25,758$18,697$13,330$9,360$6,492$1,289
30 years$24,630$17,657$12,416$8,590$5,866$1,088
31 years$23,578$16,692$11,576$7,890$5,303$918
32 years$22,593$15,794$10,800$7,251$4,797$774
33 years$21,669$14,957$10,084$6,668$4,341$654
34 years$20,802$14,176$9,422$6,135$3,931$552
35 years$19,986$13,446$8,809$5,647$3,560$466
36 years$19,218$12,762$8,241$5,201$3,226$393
37 years$18,492$12,121$7,713$4,792$2,924$332
38 years$17,806$11,519$7,223$4,417$2,650$280
39 years$17,158$10,954$6,767$4,073$2,403$237
40 years$16,543$10,421$6,343$3,757$2,180$200
41 years$15,959$9,920$5,948$3,466$1,978$169
42 years$15,405$9,448$5,579$3,199$1,795$143
43 years$14,878$9,002$5,235$2,953$1,629$120
44 years$14,377$8,581$4,914$2,726$1,478$102
45 years$13,899$8,182$4,614$2,518$1,342$86
46 years$13,443$7,806$4,334$2,326$1,219$72
47 years$13,008$7,449$4,071$2,149$1,107$61
48 years$12,592$7,111$3,826$1,985$1,005$52
49 years$12,194$6,791$3,596$1,835$913$44
50 years$11,814$6,487$3,381$1,696$829$37

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 $2,039 every year, while hoping to spend $20,706 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: 55/35/10 Blend
55$12,100,000$12,100,000$12,100,000$12,100,000
56$13,336,303$12,695,003$12,507,453$14,036,588
57$14,674,575$13,295,027$12,904,422$15,110,889
58$16,148,657$13,923,759$13,313,995$16,277,551
59$17,772,379$14,582,582$13,736,573$17,547,304
60$19,560,982$15,272,949$14,172,569$18,929,962
61$21,531,262$15,996,383$14,622,409$20,436,306
62$23,701,724$16,754,479$15,086,533$22,078,186
63$26,092,763$17,548,912$15,565,395$23,868,623
64$28,726,852$18,381,436$16,059,463$25,821,931
65$31,628,756$19,253,891$16,569,220$27,953,847
66$34,825,764$20,168,207$17,095,165$30,281,669
67$38,347,950$21,126,407$17,637,811$32,824,422
68$42,228,453$22,130,613$18,197,689$35,603,025
69$46,503,791$23,183,049$18,775,348$38,640,485
70$51,214,207$24,286,047$19,371,351$41,962,107
71$56,404,046$25,442,054$19,986,281$45,595,729
72$62,122,177$26,653,633$20,620,740$49,571,974
73$68,422,453$27,923,475$21,275,349$53,924,532
74$75,364,218$29,254,399$21,950,747$58,690,474
75$83,012,866$30,649,363$22,647,595$63,910,590
76$91,440,464$32,111,467$23,366,575$69,629,768
77$100,726,425$33,643,964$24,108,390$75,897,408
78$110,958,265$35,250,262$24,873,765$82,767,878
79$122,232,421$36,933,938$25,663,449$90,301,022
80$134,655,168$38,698,741$26,478,214$98,562,707
81$148,343,618$40,548,603$27,318,858$107,625,443
82$163,426,830$42,487,647$28,186,203$117,569,050
83$180,047,023$44,520,198$29,081,097$128,481,402
84$198,360,921$46,650,789$30,004,415$140,459,246
85$218,541,233$48,884,176$30,957,061$153,609,100
86$240,778,283$51,225,345$31,939,967$168,048,247
87$265,281,807$53,679,525$32,954,095$183,905,826
88$292,282,930$56,252,201$34,000,436$201,324,039
89$322,036,353$58,949,123$35,080,015$220,459,476
90$354,822,753$61,776,322$36,193,887$241,484,581
91$390,951,434$64,740,122$37,343,142$264,589,258
92$430,763,249$67,847,156$38,528,906$289,982,648
93$474,633,814$71,104,381$39,752,338$317,895,086
94$522,977,057$74,519,089$41,014,636$348,580,257
95$576,249,124$78,098,933$42,317,034$382,317,567
96$634,952,688$81,851,933$43,660,807$419,414,762
97$699,641,689$85,786,504$45,047,271$460,210,813
98$770,926,568$89,911,470$46,477,781$505,079,086
99$849,480,030$94,236,084$47,953,739$554,430,851
100$936,043,392$98,770,051$49,476,588$608,719,133