Can I retire at age 56 with 12,700,000?

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 $12,700,000?

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$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$987,032
2 years$519,185$509,516$500,145$491,059$482,246$456,537
3 years$342,685$332,974$323,627$314,626$305,956$281,026
4 years$254,453$244,771$235,517$226,670$218,211$194,251
5 years$201,527$191,904$182,771$174,105$165,880$142,957
6 years$166,255$156,704$147,706$139,233$131,255$109,392
7 years$141,070$131,600$122,745$114,471$106,746$85,944
8 years$122,190$112,805$104,097$96,027$88,556$68,806
9 years$107,513$98,217$89,659$81,794$74,577$55,862
10 years$95,779$86,574$78,167$70,507$63,543$45,842
11 years$86,184$77,071$68,817$61,362$54,649$37,934
12 years$78,195$69,175$61,073$53,823$47,358$31,601
13 years$71,439$62,514$54,565$47,517$41,297$26,466
14 years$65,654$56,824$49,027$42,181$36,201$22,262
15 years$60,645$51,909$44,264$37,618$31,874$18,794
16 years$56,266$47,626$40,132$33,683$28,170$15,913
17 years$52,406$43,862$36,519$30,264$24,978$13,507
18 years$48,979$40,530$33,337$27,274$22,209$11,489
19 years$45,916$37,563$30,518$24,644$19,795$9,789
20 years$43,163$34,905$28,008$22,320$17,682$8,353
21 years$40,676$32,513$25,762$20,257$15,823$7,136
22 years$38,417$30,350$23,744$18,418$14,183$6,104
23 years$36,358$28,385$21,923$16,774$12,732$5,225
24 years$34,474$26,595$20,275$15,299$11,443$4,476
25 years$32,743$24,958$18,779$13,972$10,297$3,837
26 years$31,147$23,457$17,417$12,775$9,276$3,291
27 years$29,672$22,076$16,173$11,693$8,363$2,824
28 years$28,306$20,802$15,035$10,713$7,546$2,424
29 years$27,035$19,624$13,991$9,824$6,814$2,082
30 years$25,852$18,533$13,032$9,016$6,157$1,789
31 years$24,747$17,520$12,150$8,281$5,566$1,537
32 years$23,713$16,577$11,336$7,610$5,035$1,321
33 years$22,744$15,699$10,584$6,998$4,557$1,135
34 years$21,834$14,879$9,889$6,439$4,126$976
35 years$20,977$14,112$9,246$5,927$3,737$839
36 years$20,171$13,395$8,649$5,459$3,386$722
37 years$19,409$12,722$8,095$5,030$3,068$621
38 years$18,689$12,090$7,581$4,636$2,782$534
39 years$18,008$11,497$7,103$4,275$2,523$459
40 years$17,363$10,938$6,657$3,943$2,288$395
41 years$16,751$10,412$6,242$3,638$2,076$340
42 years$16,169$9,916$5,856$3,357$1,884$292
43 years$15,616$9,448$5,495$3,099$1,710$252
44 years$15,089$9,006$5,158$2,861$1,552$216
45 years$14,588$8,588$4,843$2,643$1,409$186
46 years$14,109$8,193$4,549$2,441$1,279$160
47 years$13,653$7,818$4,273$2,255$1,161$138
48 years$13,216$7,464$4,016$2,084$1,055$119
49 years$12,799$7,127$3,775$1,926$958$102
50 years$12,400$6,808$3,549$1,780$870$88

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $12,700,000, adding $3,080 every year, while hoping to spend $37,699 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: 50/21/29 Blend
55$12,700,000$12,700,000$12,700,000$12,700,000
56$13,998,577$13,325,477$13,128,627$14,583,306
57$15,386,320$13,938,314$13,528,325$15,605,824
58$16,914,350$14,579,916$13,940,149$16,712,626
59$18,596,936$15,251,654$14,364,465$17,914,974
60$20,449,800$15,954,962$14,801,652$19,221,962
61$22,490,271$16,691,346$15,252,098$20,643,583
62$24,737,439$17,462,382$15,716,204$22,190,825
63$27,212,342$18,269,724$16,194,381$23,875,768
64$29,938,164$19,115,103$16,687,056$25,711,694
65$32,940,450$20,000,336$17,194,665$27,713,211
66$36,247,349$20,927,327$17,717,660$29,896,384
67$39,889,882$21,898,069$18,256,505$32,278,883
68$43,902,231$22,914,655$18,811,679$34,880,147
69$48,322,061$23,979,276$19,383,673$37,721,560
70$53,190,882$25,094,231$19,972,996$40,826,653
71$58,554,431$26,261,927$20,580,171$44,221,314
72$64,463,111$27,484,890$21,205,735$47,934,033
73$70,972,465$28,765,766$21,850,244$51,996,163
74$78,143,698$30,107,330$22,514,268$56,442,210
75$86,044,255$31,512,490$23,198,397$61,310,156
76$94,748,462$32,984,294$23,903,235$66,641,805
77$104,338,220$34,525,939$24,629,408$72,483,177
78$114,903,783$36,140,776$25,377,559$78,884,934
79$126,544,611$37,832,316$26,148,349$85,902,849
80$139,370,304$39,604,241$26,942,461$93,598,328
81$153,501,638$41,460,413$27,760,597$102,038,980
82$169,071,709$43,404,877$28,603,481$111,299,248
83$186,227,184$45,441,876$29,471,858$121,461,106
84$205,129,687$47,575,858$30,366,495$132,614,817
85$225,957,326$49,811,486$31,288,184$144,859,784
86$248,906,374$52,153,649$32,237,738$158,305,474
87$274,193,118$54,607,472$33,215,997$173,072,442
88$302,055,907$57,178,329$34,223,823$189,293,461
89$332,757,395$59,871,853$35,262,107$207,114,761
90$366,587,026$62,693,951$36,331,765$226,697,403
91$403,863,764$65,650,816$37,433,740$248,218,781
92$444,939,102$68,748,940$38,569,005$271,874,292
93$490,200,384$71,995,131$39,738,560$297,879,160
94$540,074,457$75,396,527$40,943,435$326,470,461
95$595,031,705$78,960,610$42,184,694$357,909,343
96$655,590,487$82,695,228$43,463,429$392,483,478
97$722,322,029$86,608,606$44,780,766$430,509,763
98$795,855,820$90,709,372$46,137,866$472,337,292
99$876,885,551$95,006,568$47,535,922$518,350,642
100$966,175,666$99,509,680$48,976,164$568,973,478