Can I retire at age 56 with 12,800,000?

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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$993,999
2 years$523,273$513,528$504,083$494,925$486,043$459,334
3 years$345,384$335,596$326,175$317,104$308,366$282,475
4 years$256,456$246,699$237,372$228,455$219,929$195,055
5 years$203,114$193,415$184,210$175,476$167,186$143,398
6 years$167,564$157,938$148,869$140,329$132,289$109,610
7 years$142,181$132,636$123,711$115,372$107,586$86,017
8 years$123,152$113,693$104,917$96,783$89,253$68,784
9 years$108,360$98,991$90,365$82,438$75,164$55,777
10 years$96,533$87,255$78,782$71,062$64,044$45,715
11 years$86,863$77,678$69,359$61,845$55,080$37,781
12 years$78,810$69,720$61,554$54,247$47,731$31,432
13 years$72,002$63,006$54,994$47,892$41,622$26,289
14 years$66,171$57,271$49,413$42,513$36,486$22,083
15 years$61,122$52,318$44,613$37,914$32,125$18,617
16 years$56,709$48,001$40,448$33,948$28,392$15,740
17 years$52,819$44,207$36,806$30,502$25,174$13,341
18 years$49,365$40,849$33,599$27,488$22,384$11,331
19 years$46,278$37,859$30,759$24,838$19,951$9,640
20 years$43,503$35,180$28,229$22,496$17,821$8,213
21 years$40,996$32,769$25,965$20,416$15,948$7,006
22 years$38,720$30,589$23,931$18,563$14,295$5,983
23 years$36,645$28,609$22,096$16,906$12,832$5,114
24 years$34,745$26,805$20,435$15,419$11,534$4,374
25 years$33,000$25,155$18,927$14,082$10,378$3,743
26 years$31,392$23,642$17,554$12,875$9,349$3,206
27 years$29,906$22,249$16,300$11,785$8,428$2,746
28 years$28,528$20,966$15,153$10,798$7,605$2,354
29 years$27,248$19,779$14,101$9,902$6,867$2,018
30 years$26,055$18,679$13,135$9,087$6,205$1,731
31 years$24,942$17,658$12,245$8,346$5,610$1,485
32 years$23,900$16,708$11,425$7,670$5,075$1,274
33 years$22,923$15,822$10,668$7,053$4,592$1,093
34 years$22,006$14,996$9,967$6,490$4,158$938
35 years$21,143$14,224$9,319$5,974$3,766$805
36 years$20,329$13,500$8,717$5,502$3,412$691
37 years$19,562$12,822$8,159$5,069$3,093$594
38 years$18,837$12,186$7,641$4,673$2,804$510
39 years$18,150$11,587$7,159$4,308$2,543$438
40 years$17,500$11,024$6,710$3,974$2,306$376
41 years$16,882$10,494$6,292$3,666$2,092$323
42 years$16,296$9,994$5,902$3,384$1,898$277
43 years$15,739$9,523$5,538$3,123$1,723$238
44 years$15,208$9,077$5,198$2,884$1,564$205
45 years$14,703$8,656$4,881$2,663$1,420$176
46 years$14,220$8,257$4,584$2,460$1,289$151
47 years$13,760$7,880$4,307$2,273$1,171$130
48 years$13,320$7,522$4,047$2,100$1,063$111
49 years$12,900$7,184$3,804$1,941$965$96
50 years$12,497$6,862$3,577$1,794$877$82

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $12,800,000, adding $5,398 every year, while hoping to spend $56,189 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: 44/26/30 Blend
55$12,800,000$12,800,000$12,800,000$12,800,000
56$14,111,168$13,432,768$13,234,368$14,608,815
57$15,490,723$14,031,189$13,617,935$15,564,294
58$17,009,108$14,657,049$14,012,468$16,593,679
59$18,680,427$15,311,634$14,418,275$17,708,551
60$20,520,216$15,996,290$14,835,673$18,916,911
61$22,545,597$16,712,428$15,264,987$20,227,546
62$24,775,435$17,461,524$15,706,551$21,650,110
63$27,230,518$18,245,126$16,160,709$23,195,210
64$29,933,750$19,064,857$16,627,812$24,874,506
65$32,910,372$19,922,415$17,108,223$26,700,810
66$36,188,197$20,819,579$17,602,315$28,688,211
67$39,797,869$21,758,215$18,110,469$30,852,194
68$43,773,161$22,740,276$18,633,079$33,209,790
69$48,151,283$23,767,810$19,170,546$35,779,724
70$52,973,241$24,842,960$19,723,287$38,582,594
71$58,284,221$25,967,974$20,291,726$41,641,053
72$64,134,013$27,145,207$20,876,301$44,980,023
73$70,577,486$28,377,125$21,477,460$48,626,920
74$77,675,099$29,666,314$22,095,665$52,611,908
75$85,493,479$31,015,483$22,731,389$56,968,178
76$94,106,042$32,427,470$23,385,119$61,732,255
77$103,593,691$33,905,249$24,057,354$66,944,332
78$114,045,580$35,451,938$24,748,607$72,648,647
79$125,559,948$37,070,802$25,459,405$78,893,891
80$138,245,057$38,765,265$26,190,289$85,733,657
81$152,220,203$40,538,914$26,941,814$93,226,941
82$167,616,850$42,395,507$27,714,551$101,438,690
83$184,579,866$44,338,984$28,509,086$110,440,403
84$203,268,891$46,373,473$29,326,019$120,310,800
85$223,859,847$48,503,302$30,165,969$131,136,553
86$246,546,592$50,733,004$31,029,570$143,013,094
87$271,542,755$53,067,333$31,917,472$156,045,506
88$299,083,753$55,511,268$32,830,343$170,349,502
89$329,429,006$58,070,031$33,768,871$186,052,510
90$362,864,395$60,749,093$34,733,758$203,294,856
91$399,704,953$63,554,188$35,725,728$222,231,082
92$440,297,842$66,491,327$36,745,524$243,031,391
93$485,025,630$69,566,810$37,793,907$265,883,236
94$534,309,900$72,787,240$38,871,659$290,993,080
95$588,615,234$76,159,538$39,979,583$318,588,323
96$648,453,591$79,690,959$41,118,503$348,919,442
97$714,389,149$83,389,107$42,289,264$382,262,330
98$787,043,622$87,261,954$43,492,734$418,920,887
99$867,102,134$91,317,853$44,729,804$459,229,873
100$955,319,687$95,565,563$46,001,388$503,558,044