Can I retire at age 56 with 12,500,000?

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 $12,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$964,089
2 years$511,009$501,492$492,268$483,326$474,651$442,040
3 years$337,289$327,731$318,530$309,671$301,138$269,618
4 years$250,446$240,917$231,808$223,101$214,774$184,586
5 years$198,353$188,882$179,893$171,363$163,268$134,493
6 years$163,636$154,236$145,380$137,040$129,188$101,850
7 years$138,848$129,527$120,812$112,668$105,065$79,159
8 years$120,266$111,029$102,458$94,515$87,161$62,670
9 years$105,820$96,670$88,247$80,506$73,402$50,297
10 years$94,271$85,210$76,936$69,397$62,543$40,787
11 years$84,827$75,858$67,733$60,396$53,789$33,341
12 years$76,963$68,086$60,111$52,975$46,612$27,428
13 years$70,314$61,530$53,705$46,769$40,647$22,678
14 years$64,620$55,929$48,255$41,516$35,631$18,828
15 years$59,690$51,092$43,567$37,025$31,372$15,683
16 years$55,380$46,876$39,500$33,152$27,727$13,099
17 years$51,581$43,171$35,944$29,787$24,584$10,965
18 years$48,208$39,892$32,812$26,844$21,859$9,196
19 years$45,193$36,971$30,038$24,256$19,484$7,724
20 years$42,484$34,356$27,567$21,968$17,403$6,496
21 years$40,035$32,001$25,356$19,938$15,574$5,470
22 years$37,812$29,872$23,370$18,128$13,960$4,609
23 years$35,786$27,938$21,578$16,509$12,531$3,887
24 years$33,931$26,176$19,956$15,058$11,263$3,280
25 years$32,227$24,565$18,483$13,752$10,135$2,769
26 years$30,657$23,087$17,142$12,574$9,129$2,339
27 years$29,205$21,728$15,918$11,509$8,231$1,977
28 years$27,860$20,474$14,798$10,545$7,427$1,671
29 years$26,609$19,315$13,771$9,670$6,706$1,413
30 years$25,445$18,241$12,827$8,874$6,060$1,195
31 years$24,357$17,244$11,958$8,150$5,478$1,011
32 years$23,340$16,316$11,157$7,490$4,956$855
33 years$22,386$15,452$10,418$6,888$4,485$723
34 years$21,490$14,645$9,734$6,338$4,061$612
35 years$20,647$13,890$9,100$5,834$3,678$518
36 years$19,853$13,184$8,513$5,373$3,332$438
37 years$19,103$12,522$7,968$4,951$3,020$371
38 years$18,395$11,900$7,462$4,563$2,738$314
39 years$17,725$11,316$6,991$4,207$2,483$266
40 years$17,089$10,766$6,552$3,881$2,252$225
41 years$16,487$10,248$6,144$3,580$2,043$191
42 years$15,914$9,760$5,763$3,304$1,854$161
43 years$15,370$9,299$5,408$3,050$1,683$137
44 years$14,852$8,864$5,077$2,816$1,527$116
45 years$14,358$8,453$4,767$2,601$1,387$98
46 years$13,887$8,064$4,477$2,403$1,259$83
47 years$13,438$7,695$4,206$2,220$1,143$70
48 years$13,008$7,346$3,953$2,051$1,038$59
49 years$12,597$7,015$3,715$1,896$943$50
50 years$12,204$6,701$3,493$1,752$856$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $12,500,000, adding $2,400 every year, while hoping to spend $34,011 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: 46/24/30 Blend
55$12,500,000$12,500,000$12,500,000$12,500,000
56$13,777,476$13,114,976$12,921,226$14,291,960
57$15,146,591$13,721,422$13,317,899$15,264,317
58$16,654,216$14,356,444$13,726,721$16,315,269
59$18,314,442$15,021,407$14,148,064$17,455,000
60$20,142,800$15,717,740$14,582,308$18,691,860
61$22,156,398$16,446,942$15,029,848$20,035,023
62$24,374,093$17,210,585$15,491,090$21,494,569
63$26,816,662$18,010,315$15,966,453$23,081,574
64$29,507,000$18,847,858$16,456,368$24,808,212
65$32,470,336$19,725,026$16,961,278$26,687,867
66$35,734,471$20,643,713$17,481,642$28,735,250
67$39,330,041$21,605,909$18,017,931$30,966,539
68$43,290,805$22,613,698$18,570,632$33,399,523
69$47,653,964$23,669,266$19,140,244$36,053,763
70$52,460,511$24,774,903$19,727,285$38,950,779
71$57,755,620$25,933,010$20,332,286$42,114,238
72$63,589,070$27,146,104$20,955,794$45,570,179
73$70,015,717$28,416,825$21,598,375$49,347,248
74$77,096,010$29,747,939$22,260,610$53,476,966
75$84,896,561$31,142,346$22,943,099$57,994,016
76$93,490,776$32,603,087$23,646,459$62,936,565
77$102,959,546$34,133,350$24,371,326$68,346,620
78$113,392,012$35,736,475$25,118,357$74,270,411
79$124,886,402$37,415,968$25,888,228$80,758,825
80$137,550,965$39,175,500$26,681,633$87,867,875
81$151,504,988$41,018,924$27,499,292$95,659,224
82$166,879,921$42,950,275$28,341,942$104,200,750
83$183,820,622$44,973,788$29,210,347$113,567,189
84$202,486,721$47,093,899$30,105,289$123,840,820
85$223,054,129$49,315,263$31,027,579$135,112,238
86$245,716,696$51,642,757$31,978,049$147,481,196
87$270,688,043$54,081,496$32,957,557$161,057,537
88$298,203,577$56,636,843$33,966,989$175,962,219
89$328,522,714$59,314,420$35,007,255$192,328,442
90$361,931,328$62,120,124$36,079,295$210,302,898
91$398,744,448$65,060,135$37,184,077$230,047,137
92$439,309,235$68,140,934$38,322,596$251,739,084
93$484,008,254$71,369,317$39,495,881$275,574,697
94$533,263,092$74,752,410$40,704,989$301,769,811
95$587,538,333$78,297,683$41,951,011$330,562,149
96$647,345,943$82,012,970$43,235,071$362,213,562
97$713,250,109$85,906,486$44,558,325$397,012,471
98$785,872,559$89,986,842$45,921,968$435,276,582
99$865,898,433$94,263,071$47,327,227$477,355,861
100$954,082,753$98,744,641$48,775,369$523,635,821