Can I retire at age 56 with 12,200,000?

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$1,007,465$998,491$989,735$981,190$972,845$960,688
2 years$498,745$489,456$480,454$471,726$463,260$451,027
3 years$329,194$319,865$310,886$302,239$293,911$281,983
4 years$244,435$235,135$226,245$217,746$209,620$198,088
5 years$193,593$184,348$175,575$167,250$159,350$148,248
6 years$159,709$150,534$141,891$133,751$126,088$115,430
7 years$135,516$126,419$117,912$109,964$102,543$92,333
8 years$117,379$108,364$99,999$92,246$85,069$75,305
9 years$103,281$94,350$86,129$78,573$71,641$62,319
10 years$92,008$83,165$75,089$67,731$61,042$52,155
11 years$82,791$74,037$66,107$58,946$52,498$44,039
12 years$75,116$66,452$58,669$51,704$45,493$37,453
13 years$68,627$60,053$52,416$45,647$39,671$32,039
14 years$63,069$54,586$47,096$40,520$34,776$27,541
15 years$58,257$49,866$42,522$36,137$30,619$23,769
16 years$54,051$45,751$38,552$32,357$27,061$20,584
17 years$50,343$42,135$35,081$29,072$23,994$17,877
18 years$47,051$38,934$32,024$26,200$21,335$15,564
19 years$44,109$36,084$29,317$23,674$19,016$13,579
20 years$41,464$33,531$26,906$21,441$16,986$11,868
21 years$39,074$31,233$24,748$19,459$15,200$10,389
22 years$36,905$29,155$22,809$17,693$13,625$9,107
23 years$34,927$27,268$21,060$16,113$12,230$7,992
24 years$33,116$25,548$19,477$14,696$10,993$7,021
25 years$31,453$23,976$18,040$13,421$9,892$6,173
26 years$29,921$22,533$16,731$12,272$8,910$5,432
27 years$28,504$21,206$15,536$11,233$8,033$4,783
28 years$27,191$19,983$14,443$10,292$7,249$4,214
29 years$25,971$18,851$13,440$9,438$6,545$3,715
30 years$24,834$17,803$12,519$8,661$5,914$3,277
31 years$23,772$16,830$11,671$7,955$5,347$2,891
32 years$22,779$15,925$10,889$7,311$4,837$2,552
33 years$21,848$15,081$10,167$6,723$4,377$2,253
34 years$20,974$14,293$9,500$6,186$3,963$1,989
35 years$20,152$13,557$8,882$5,694$3,590$1,757
36 years$19,376$12,867$8,309$5,244$3,252$1,553
37 years$18,645$12,221$7,777$4,832$2,948$1,372
38 years$17,954$11,614$7,283$4,454$2,672$1,213
39 years$17,299$11,044$6,823$4,106$2,423$1,072
40 years$16,679$10,508$6,395$3,788$2,198$948
41 years$16,091$10,002$5,997$3,495$1,994$838
42 years$15,532$9,526$5,625$3,225$1,809$741
43 years$15,001$9,076$5,278$2,977$1,642$655
44 years$14,495$8,651$4,955$2,749$1,491$580
45 years$14,013$8,250$4,652$2,539$1,353$513
46 years$13,554$7,870$4,370$2,345$1,229$453
47 years$13,115$7,511$4,105$2,166$1,116$401
48 years$12,696$7,170$3,858$2,002$1,013$355
49 years$12,295$6,847$3,626$1,850$920$314
50 years$11,911$6,540$3,409$1,710$836$278

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $12,200,000, adding $4,804 every year, while hoping to spend $27,173 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: 57/23/20 Blend
55$12,200,000$12,200,000$12,200,000$12,200,000
56$13,449,355$12,802,755$12,613,655$14,143,864
57$14,792,278$13,401,178$13,007,301$15,215,733
58$16,271,267$14,028,014$13,413,223$16,379,956
59$17,900,175$14,684,624$13,831,804$17,648,150
60$19,694,262$15,372,440$14,263,438$19,030,330
61$21,670,346$16,092,959$14,708,533$20,537,504
62$23,846,959$16,847,752$15,167,507$22,181,780
63$26,244,524$17,638,467$15,640,794$23,976,471
64$28,885,544$18,466,830$16,128,838$25,936,222
65$31,794,816$19,334,651$16,632,101$28,077,142
66$34,999,666$20,243,828$17,151,055$30,416,951
67$38,530,207$21,196,351$17,686,191$32,975,144
68$42,419,622$22,194,306$18,238,012$35,773,174
69$46,704,476$23,239,879$18,807,038$38,834,642
70$51,425,063$24,335,364$19,393,805$42,185,525
71$56,625,788$25,483,165$19,998,865$45,854,408
72$62,355,581$26,685,803$20,622,789$49,872,752
73$68,668,362$27,945,919$21,266,165$54,275,187
74$75,623,551$29,266,285$21,929,598$59,099,830
75$83,286,626$30,649,806$22,613,712$64,388,640
76$91,729,744$32,099,528$23,319,153$70,187,810
77$101,032,417$33,618,645$24,046,585$76,548,194
78$111,282,270$35,210,505$24,796,692$83,525,780
79$122,575,861$36,878,620$25,570,180$91,182,216
80$135,019,597$38,626,670$26,367,779$99,585,377
81$148,730,735$40,458,516$27,190,239$108,810,004
82$163,838,492$42,378,205$28,038,334$118,938,402
83$180,485,263$44,389,982$28,912,863$130,061,201
84$198,827,964$46,498,296$29,814,648$142,278,213
85$219,039,517$48,707,813$30,744,540$155,699,357
86$241,310,479$51,023,426$31,703,412$170,445,690
87$265,850,839$53,450,266$32,692,168$186,650,542
88$292,892,007$55,993,711$33,711,739$204,460,760
89$322,688,993$58,659,404$34,763,082$224,038,084
90$355,522,813$61,453,258$35,847,189$245,560,665
91$391,703,150$64,381,477$36,965,079$269,224,734
92$431,571,266$67,450,564$38,117,804$295,246,438
93$475,503,233$70,667,340$39,306,449$323,863,874
94$523,913,480$74,038,957$40,532,132$355,339,317
95$577,258,703$77,572,913$41,796,007$389,961,684
96$636,042,179$81,277,075$43,099,261$428,049,247
97$700,818,517$85,159,687$44,443,122$469,952,622
98$772,198,892$89,229,398$45,828,853$516,058,061
99$850,856,818$93,495,277$47,257,758$566,791,081
100$937,534,502$97,966,834$48,731,182$622,620,465