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%14.3%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$979,046
2 years$511,009$501,492$492,268$483,326$474,651$456,858
3 years$337,289$327,731$318,530$309,671$301,138$283,827
4 years$250,446$240,917$231,808$223,101$214,774$198,078
5 years$198,353$188,882$179,893$171,363$163,268$147,235
6 years$163,636$154,236$145,380$137,040$129,188$113,837
7 years$138,848$129,527$120,812$112,668$105,065$90,399
8 years$120,266$111,029$102,458$94,515$87,161$73,178
9 years$105,820$96,670$88,247$80,506$73,402$60,093
10 years$94,271$85,210$76,936$69,397$62,543$49,895
11 years$84,827$75,858$67,733$60,396$53,789$41,790
12 years$76,963$68,086$60,111$52,975$46,612$35,245
13 years$70,314$61,530$53,705$46,769$40,647$29,894
14 years$64,620$55,929$48,255$41,516$35,631$25,474
15 years$59,690$51,092$43,567$37,025$31,372$21,791
16 years$55,380$46,876$39,500$33,152$27,727$18,700
17 years$51,581$43,171$35,944$29,787$24,584$16,092
18 years$48,208$39,892$32,812$26,844$21,859$13,879
19 years$45,193$36,971$30,038$24,256$19,484$11,994
20 years$42,484$34,356$27,567$21,968$17,403$10,382
21 years$40,035$32,001$25,356$19,938$15,574$9,000
22 years$37,812$29,872$23,370$18,128$13,960$7,811
23 years$35,786$27,938$21,578$16,509$12,531$6,786
24 years$33,931$26,176$19,956$15,058$11,263$5,901
25 years$32,227$24,565$18,483$13,752$10,135$5,136
26 years$30,657$23,087$17,142$12,574$9,129$4,473
27 years$29,205$21,728$15,918$11,509$8,231$3,898
28 years$27,860$20,474$14,798$10,545$7,427$3,398
29 years$26,609$19,315$13,771$9,670$6,706$2,964
30 years$25,445$18,241$12,827$8,874$6,060$2,586
31 years$24,357$17,244$11,958$8,150$5,478$2,258
32 years$23,340$16,316$11,157$7,490$4,956$1,971
33 years$22,386$15,452$10,418$6,888$4,485$1,722
34 years$21,490$14,645$9,734$6,338$4,061$1,504
35 years$20,647$13,890$9,100$5,834$3,678$1,314
36 years$19,853$13,184$8,513$5,373$3,332$1,148
37 years$19,103$12,522$7,968$4,951$3,020$1,004
38 years$18,395$11,900$7,462$4,563$2,738$877
39 years$17,725$11,316$6,991$4,207$2,483$767
40 years$17,089$10,766$6,552$3,881$2,252$670
41 years$16,487$10,248$6,144$3,580$2,043$586
42 years$15,914$9,760$5,763$3,304$1,854$513
43 years$15,370$9,299$5,408$3,050$1,683$448
44 years$14,852$8,864$5,077$2,816$1,527$392
45 years$14,358$8,453$4,767$2,601$1,387$343
46 years$13,887$8,064$4,477$2,403$1,259$300
47 years$13,438$7,695$4,206$2,220$1,143$262
48 years$13,008$7,346$3,953$2,051$1,038$229
49 years$12,597$7,015$3,715$1,896$943$201
50 years$12,204$6,701$3,493$1,752$856$176

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 $4,033 every year, while hoping to spend $52,558 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: 66/12/22 Blend
55$12,500,000$12,500,000$12,500,000$12,500,000
56$13,779,160$13,116,660$12,922,910$14,610,931
57$15,128,713$13,703,455$13,299,906$15,756,912
58$16,614,159$14,317,242$13,687,770$17,002,900
59$18,249,303$14,959,287$14,086,811$18,363,870
60$20,049,358$15,630,918$14,497,345$19,851,125
61$22,031,085$16,333,525$14,919,698$21,477,106
62$24,212,955$17,068,566$15,354,207$23,255,505
63$26,615,317$17,837,567$15,801,214$25,201,395
64$29,260,599$18,642,128$16,261,075$27,331,369
65$32,173,512$19,483,923$16,734,152$29,663,693
66$35,381,283$20,364,709$17,220,819$32,218,478
67$38,913,919$21,286,324$17,721,461$35,017,867
68$42,804,481$22,250,697$18,236,473$38,086,237
69$47,089,403$23,259,846$18,766,260$41,450,436
70$51,808,832$24,315,888$19,311,239$45,140,023
71$57,007,006$25,421,040$19,871,838$49,187,551
72$62,732,674$26,577,624$20,448,499$53,628,869
73$69,039,556$27,788,077$21,041,672$58,503,458
74$75,986,846$29,054,948$21,651,824$63,854,798
75$83,639,775$30,380,911$22,279,431$69,730,778
76$92,070,225$31,768,768$22,924,984$76,184,144
77$101,357,405$33,221,455$23,588,988$83,272,990
78$111,588,601$34,742,048$24,271,961$91,061,308
79$122,860,002$36,333,771$24,974,435$99,619,583
80$135,277,600$38,000,004$25,696,956$109,025,456
81$148,958,198$39,744,287$26,440,087$119,364,455
82$164,030,509$41,570,333$27,204,405$130,730,792
83$180,636,371$43,482,029$27,990,503$143,228,256
84$198,932,086$45,483,453$28,798,990$156,971,177
85$219,089,894$47,578,877$29,630,491$172,085,513
86$241,299,600$49,772,780$30,485,649$188,710,020
87$265,770,367$52,069,853$31,365,126$206,997,569
88$292,732,685$54,475,017$32,269,598$227,116,574
89$322,440,552$56,993,426$33,199,763$249,252,580
90$355,173,870$59,630,485$34,156,337$273,610,009
91$391,241,084$62,391,858$35,140,053$300,414,079
92$430,982,097$65,283,482$36,151,668$329,912,929
93$474,771,478$68,311,580$37,191,956$362,379,949
94$523,021,996$71,482,674$38,261,714$398,116,357
95$576,188,518$74,803,603$39,361,759$437,454,035
96$634,772,300$78,281,533$40,492,931$480,758,649
97$699,325,723$81,923,977$41,656,093$528,433,100
98$770,457,505$85,738,810$42,852,131$580,921,312
99$848,838,447$89,734,288$44,081,953$638,712,420
100$935,207,764$93,919,064$45,346,494$702,345,373