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

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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$985,652
2 years$523,273$513,528$504,083$494,925$486,043$451,099
3 years$345,384$335,596$326,175$317,104$308,366$274,614
4 years$256,456$246,699$237,372$228,455$219,929$187,628
5 years$203,114$193,415$184,210$175,476$167,186$136,421
6 years$167,564$157,938$148,869$140,329$132,289$103,083
7 years$142,181$132,636$123,711$115,372$107,586$79,935
8 years$123,152$113,693$104,917$96,783$89,253$63,135
9 years$108,360$98,991$90,365$82,438$75,164$50,546
10 years$96,533$87,255$78,782$71,062$64,044$40,886
11 years$86,863$77,678$69,359$61,845$55,080$33,336
12 years$78,810$69,720$61,554$54,247$47,731$27,351
13 years$72,002$63,006$54,994$47,892$41,622$22,553
14 years$66,171$57,271$49,413$42,513$36,486$18,671
15 years$61,122$52,318$44,613$37,914$32,125$15,508
16 years$56,709$48,001$40,448$33,948$28,392$12,916
17 years$52,819$44,207$36,806$30,502$25,174$10,780
18 years$49,365$40,849$33,599$27,488$22,384$9,014
19 years$46,278$37,859$30,759$24,838$19,951$7,549
20 years$43,503$35,180$28,229$22,496$17,821$6,329
21 years$40,996$32,769$25,965$20,416$15,948$5,312
22 years$38,720$30,589$23,931$18,563$14,295$4,463
23 years$36,645$28,609$22,096$16,906$12,832$3,752
24 years$34,745$26,805$20,435$15,419$11,534$3,156
25 years$33,000$25,155$18,927$14,082$10,378$2,656
26 years$31,392$23,642$17,554$12,875$9,349$2,236
27 years$29,906$22,249$16,300$11,785$8,428$1,883
28 years$28,528$20,966$15,153$10,798$7,605$1,587
29 years$27,248$19,779$14,101$9,902$6,867$1,337
30 years$26,055$18,679$13,135$9,087$6,205$1,127
31 years$24,942$17,658$12,245$8,346$5,610$950
32 years$23,900$16,708$11,425$7,670$5,075$801
33 years$22,923$15,822$10,668$7,053$4,592$676
34 years$22,006$14,996$9,967$6,490$4,158$570
35 years$21,143$14,224$9,319$5,974$3,766$481
36 years$20,329$13,500$8,717$5,502$3,412$406
37 years$19,562$12,822$8,159$5,069$3,093$342
38 years$18,837$12,186$7,641$4,673$2,804$289
39 years$18,150$11,587$7,159$4,308$2,543$243
40 years$17,500$11,024$6,710$3,974$2,306$205
41 years$16,882$10,494$6,292$3,666$2,092$173
42 years$16,296$9,994$5,902$3,384$1,898$146
43 years$15,739$9,523$5,538$3,123$1,723$123
44 years$15,208$9,077$5,198$2,884$1,564$104
45 years$14,703$8,656$4,881$2,663$1,420$88
46 years$14,220$8,257$4,584$2,460$1,289$74
47 years$13,760$7,880$4,307$2,273$1,171$63
48 years$13,320$7,522$4,047$2,100$1,063$53
49 years$12,900$7,184$3,804$1,941$965$45
50 years$12,497$6,862$3,577$1,794$877$38

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 $4,370 every year, while hoping to spend $55,689 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: 73/16/11 Blend
55$12,800,000$12,800,000$12,800,000$12,800,000
56$14,110,108$13,431,708$13,233,308$15,109,436
57$15,490,086$14,030,609$13,617,371$16,369,238
58$17,008,956$14,656,989$14,012,434$17,741,312
59$18,680,825$15,312,137$14,418,806$19,242,588
60$20,521,239$15,997,402$14,836,805$20,885,833
61$22,547,326$16,714,196$15,266,760$22,685,102
62$24,777,962$17,464,000$15,709,004$24,655,864
63$27,233,943$18,248,365$16,163,885$26,815,151
64$29,938,185$19,068,915$16,631,756$29,181,711
65$32,915,942$19,927,353$17,112,981$31,776,184
66$36,195,037$20,825,463$17,607,935$34,621,299
67$39,806,133$21,765,113$18,117,003$37,742,077
68$43,783,016$22,748,260$18,640,580$41,166,073
69$48,162,915$23,776,957$19,179,071$44,923,628
70$52,986,856$24,853,351$19,732,893$49,048,151
71$58,300,045$25,979,696$20,302,476$53,576,439
72$64,152,299$27,158,350$20,888,257$58,549,010
73$70,598,511$28,391,786$21,490,691$64,010,493
74$77,699,170$29,682,595$22,110,241$70,010,036
75$85,520,934$31,033,491$22,747,383$76,601,772
76$94,137,257$32,447,319$23,402,607$83,845,325
77$103,629,080$33,927,061$24,076,417$91,806,368
78$114,085,598$35,475,839$24,769,329$100,557,238
79$125,605,101$37,096,927$25,481,874$110,177,614
80$138,295,901$38,793,756$26,214,596$120,755,268
81$152,277,353$40,569,920$26,968,055$132,386,883
82$167,680,984$42,429,188$27,742,827$145,178,965
83$184,651,733$44,375,506$28,539,500$159,248,843
84$203,349,319$46,413,015$29,358,682$174,725,766
85$223,949,745$48,546,048$30,200,994$191,752,122
86$246,646,968$50,779,153$31,067,075$210,484,777
87$271,654,719$53,117,092$31,957,582$231,096,544
88$299,208,528$55,564,857$32,873,189$253,777,811
89$329,567,943$58,127,681$33,814,587$278,738,334
90$363,018,984$60,811,048$34,782,486$306,209,203
91$399,876,837$63,620,706$35,777,616$336,445,023
92$440,488,834$66,562,680$36,800,725$369,726,303
93$485,237,727$69,643,284$37,852,582$406,362,102
94$534,545,308$72,869,137$38,933,976$446,692,934
95$588,876,381$76,247,177$40,045,716$491,093,973
96$648,743,159$79,784,675$41,188,635$539,978,589
97$714,710,092$83,489,255$42,363,585$593,802,237
98$787,399,199$87,368,906$43,571,442$653,066,746
99$867,495,937$91,432,002$44,813,106$718,325,050
100$955,755,677$95,687,325$46,089,499$790,186,391