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

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$1,007,465$998,491$989,735$981,190$972,845$948,173
2 years$498,745$489,456$480,454$471,726$463,260$438,563
3 years$329,194$319,865$310,886$302,239$293,911$269,962
4 years$244,435$235,135$226,245$217,746$209,620$186,603
5 years$193,593$184,348$175,575$167,250$159,350$137,329
6 years$159,709$150,534$141,891$133,751$126,088$105,085
7 years$135,516$126,419$117,912$109,964$102,543$82,560
8 years$117,379$108,364$99,999$92,246$85,069$66,097
9 years$103,281$94,350$86,129$78,573$71,641$53,663
10 years$92,008$83,165$75,089$67,731$61,042$44,037
11 years$82,791$74,037$66,107$58,946$52,498$36,441
12 years$75,116$66,452$58,669$51,704$45,493$30,356
13 years$68,627$60,053$52,416$45,647$39,671$25,424
14 years$63,069$54,586$47,096$40,520$34,776$21,386
15 years$58,257$49,866$42,522$36,137$30,619$18,054
16 years$54,051$45,751$38,552$32,357$27,061$15,286
17 years$50,343$42,135$35,081$29,072$23,994$12,975
18 years$47,051$38,934$32,024$26,200$21,335$11,036
19 years$44,109$36,084$29,317$23,674$19,016$9,404
20 years$41,464$33,531$26,906$21,441$16,986$8,024
21 years$39,074$31,233$24,748$19,459$15,200$6,855
22 years$36,905$29,155$22,809$17,693$13,625$5,863
23 years$34,927$27,268$21,060$16,113$12,230$5,019
24 years$33,116$25,548$19,477$14,696$10,993$4,300
25 years$31,453$23,976$18,040$13,421$9,892$3,686
26 years$29,921$22,533$16,731$12,272$8,910$3,161
27 years$28,504$21,206$15,536$11,233$8,033$2,713
28 years$27,191$19,983$14,443$10,292$7,249$2,329
29 years$25,971$18,851$13,440$9,438$6,545$2,000
30 years$24,834$17,803$12,519$8,661$5,914$1,718
31 years$23,772$16,830$11,671$7,955$5,347$1,476
32 years$22,779$15,925$10,889$7,311$4,837$1,269
33 years$21,848$15,081$10,167$6,723$4,377$1,091
34 years$20,974$14,293$9,500$6,186$3,963$938
35 years$20,152$13,557$8,882$5,694$3,590$806
36 years$19,376$12,867$8,309$5,244$3,252$693
37 years$18,645$12,221$7,777$4,832$2,948$596
38 years$17,954$11,614$7,283$4,454$2,672$513
39 years$17,299$11,044$6,823$4,106$2,423$441
40 years$16,679$10,508$6,395$3,788$2,198$380
41 years$16,091$10,002$5,997$3,495$1,994$326
42 years$15,532$9,526$5,625$3,225$1,809$281
43 years$15,001$9,076$5,278$2,977$1,642$242
44 years$14,495$8,651$4,955$2,749$1,491$208
45 years$14,013$8,250$4,652$2,539$1,353$179
46 years$13,554$7,870$4,370$2,345$1,229$154
47 years$13,115$7,511$4,105$2,166$1,116$132
48 years$12,696$7,170$3,858$2,002$1,013$114
49 years$12,295$6,847$3,626$1,850$920$98
50 years$11,911$6,540$3,409$1,710$836$84

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 $6,903 every year, while hoping to spend $47,980 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: 47/42/11 Blend
55$12,200,000$12,200,000$12,200,000$12,200,000
56$13,451,520$12,804,920$12,615,820$14,042,388
57$14,772,525$13,381,311$12,987,400$15,026,978
58$16,226,664$13,984,337$13,369,820$16,089,408
59$17,827,467$14,615,252$13,763,391$17,241,359
60$19,589,840$15,275,372$14,168,437$18,491,169
61$21,530,211$15,966,072$14,585,286$19,847,991
62$23,666,679$16,688,796$15,014,280$21,321,872
63$26,019,189$17,445,055$15,455,767$22,923,850
64$28,609,718$18,236,435$15,910,107$24,666,046
65$31,462,483$19,064,594$16,377,669$26,561,776
66$34,604,169$19,931,271$16,858,834$28,625,672
67$38,064,181$20,838,291$17,353,991$30,873,811
68$41,874,921$21,787,561$17,863,544$33,323,862
69$46,072,095$22,781,084$18,387,905$35,995,248
70$50,695,048$23,820,956$18,927,499$38,909,319
71$55,787,136$24,909,375$19,482,763$42,089,550
72$61,396,133$26,048,644$20,054,145$45,561,750
73$67,574,688$27,241,177$20,642,108$49,354,305
74$74,380,815$28,489,503$21,247,127$53,498,429
75$81,878,441$29,796,272$21,869,690$58,028,459
76$90,138,016$31,164,263$22,510,297$62,982,163
77$99,237,168$32,596,386$23,169,467$68,401,089
78$109,261,443$34,095,693$23,847,728$74,330,951
79$120,305,110$35,665,382$24,545,627$80,822,045
80$132,472,050$37,308,804$25,263,724$87,929,715
81$145,876,735$39,029,472$26,002,595$95,714,866
82$160,645,314$40,831,068$26,762,834$104,244,523
83$176,916,796$42,717,450$27,545,048$113,592,454
84$194,844,367$44,692,664$28,349,866$123,839,856
85$214,596,836$46,760,947$29,177,929$135,076,100
86$236,360,224$48,926,744$30,029,901$147,399,569
87$260,339,524$51,194,713$30,906,460$160,918,567
88$286,760,636$53,569,734$31,808,307$175,752,325
89$315,872,496$56,056,925$32,736,160$192,032,115
90$347,949,426$58,661,651$33,690,757$209,902,468
91$383,293,729$61,389,533$34,672,859$229,522,519
92$422,238,535$64,246,466$35,683,245$251,067,498
93$465,150,949$67,238,626$36,722,718$274,730,357
94$512,435,518$70,372,491$37,792,101$300,723,572
95$564,538,048$73,654,850$38,892,243$329,281,133
96$621,949,809$77,092,818$40,024,014$360,660,724
97$685,212,181$80,693,857$41,188,309$395,146,134
98$754,921,753$84,465,786$42,386,048$433,049,913
99$831,735,968$88,416,805$43,618,176$474,716,296
100$916,379,316$92,555,508$44,885,664$520,524,423