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%12.6%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$1,009,611
2 years$523,273$513,528$504,083$494,925$486,043$474,887
3 years$345,384$335,596$326,175$317,104$308,366$297,480
4 years$256,456$246,699$237,372$228,455$219,929$209,397
5 years$203,114$193,415$184,210$175,476$167,186$157,040
6 years$167,564$157,938$148,869$140,329$132,289$122,539
7 years$142,181$132,636$123,711$115,372$107,586$98,238
8 years$123,152$113,693$104,917$96,783$89,253$80,306
9 years$108,360$98,991$90,365$82,438$75,164$66,614
10 years$96,533$87,255$78,782$71,062$64,044$55,885
11 years$86,863$77,678$69,359$61,845$55,080$47,306
12 years$78,810$69,720$61,554$54,247$47,731$40,334
13 years$72,002$63,006$54,994$47,892$41,622$34,593
14 years$66,171$57,271$49,413$42,513$36,486$29,815
15 years$61,122$52,318$44,613$37,914$32,125$25,802
16 years$56,709$48,001$40,448$33,948$28,392$22,406
17 years$52,819$44,207$36,806$30,502$25,174$19,514
18 years$49,365$40,849$33,599$27,488$22,384$17,038
19 years$46,278$37,859$30,759$24,838$19,951$14,908
20 years$43,503$35,180$28,229$22,496$17,821$13,069
21 years$40,996$32,769$25,965$20,416$15,948$11,474
22 years$38,720$30,589$23,931$18,563$14,295$10,088
23 years$36,645$28,609$22,096$16,906$12,832$8,881
24 years$34,745$26,805$20,435$15,419$11,534$7,826
25 years$33,000$25,155$18,927$14,082$10,378$6,903
26 years$31,392$23,642$17,554$12,875$9,349$6,093
27 years$29,906$22,249$16,300$11,785$8,428$5,383
28 years$28,528$20,966$15,153$10,798$7,605$4,758
29 years$27,248$19,779$14,101$9,902$6,867$4,208
30 years$26,055$18,679$13,135$9,087$6,205$3,723
31 years$24,942$17,658$12,245$8,346$5,610$3,296
32 years$23,900$16,708$11,425$7,670$5,075$2,918
33 years$22,923$15,822$10,668$7,053$4,592$2,585
34 years$22,006$14,996$9,967$6,490$4,158$2,291
35 years$21,143$14,224$9,319$5,974$3,766$2,030
36 years$20,329$13,500$8,717$5,502$3,412$1,800
37 years$19,562$12,822$8,159$5,069$3,093$1,596
38 years$18,837$12,186$7,641$4,673$2,804$1,415
39 years$18,150$11,587$7,159$4,308$2,543$1,255
40 years$17,500$11,024$6,710$3,974$2,306$1,114
41 years$16,882$10,494$6,292$3,666$2,092$988
42 years$16,296$9,994$5,902$3,384$1,898$877
43 years$15,739$9,523$5,538$3,123$1,723$778
44 years$15,208$9,077$5,198$2,884$1,564$691
45 years$14,703$8,656$4,881$2,663$1,420$613
46 years$14,220$8,257$4,584$2,460$1,289$544
47 years$13,760$7,880$4,307$2,273$1,171$483
48 years$13,320$7,522$4,047$2,100$1,063$429
49 years$12,900$7,184$3,804$1,941$965$381
50 years$12,497$6,862$3,577$1,794$877$338

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 $3,658 every year, while hoping to spend $22,340 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: 82/8/10 Blend
55$12,800,000$12,800,000$12,800,000$12,800,000
56$14,109,373$13,430,973$13,232,573$15,244,165
57$15,524,760$14,065,321$13,652,095$16,622,261
58$17,083,767$14,730,004$14,084,922$18,131,623
59$18,801,020$15,426,483$14,531,476$19,788,072
60$20,692,637$16,156,294$14,992,193$21,606,346
61$22,776,377$16,921,043$15,467,522$23,602,674
62$25,071,811$17,722,417$15,957,928$25,794,932
63$27,600,505$18,562,185$16,463,887$28,202,804
64$30,386,223$19,442,199$16,985,895$30,847,973
65$33,455,155$20,364,403$17,524,459$33,754,319
66$36,836,158$21,330,836$18,080,105$36,948,145
67$40,561,033$22,343,635$18,653,376$40,458,423
68$44,664,825$23,405,039$19,244,831$44,317,066
69$49,186,150$24,517,400$19,855,046$48,559,227
70$54,167,565$25,683,179$20,484,617$53,223,630
71$59,655,963$26,904,961$21,134,158$58,352,929
72$65,703,021$28,185,455$21,804,303$63,994,117
73$72,365,688$29,527,500$22,495,705$70,198,958
74$79,706,716$30,934,076$23,209,040$77,024,480
75$87,795,261$32,408,306$23,945,002$84,533,507
76$96,707,529$33,953,464$24,704,311$92,795,252
77$106,527,499$35,572,986$25,487,707$101,885,966
78$117,347,713$37,270,471$26,295,955$111,889,657
79$129,270,153$39,049,698$27,129,843$122,898,876
80$142,407,200$40,914,625$27,990,184$135,015,593
81$156,882,699$42,869,405$28,877,819$148,352,154
82$172,833,122$44,918,394$29,793,614$163,032,336
83$190,408,862$47,066,157$30,738,462$179,192,516
84$209,775,651$49,317,484$31,713,286$196,982,953
85$231,116,123$51,677,396$32,719,036$216,569,202
86$254,631,538$54,151,159$33,756,695$238,133,675
87$280,543,686$56,744,296$34,827,274$261,877,355
88$309,096,973$59,462,599$35,931,820$288,021,696
89$340,560,738$62,312,139$37,071,409$316,810,700
90$375,231,787$65,299,288$38,247,155$348,513,225
91$413,437,199$68,430,723$39,460,205$383,425,512
92$455,537,415$71,713,449$40,711,742$421,873,979
93$501,929,635$75,154,812$42,002,990$464,218,296
94$553,051,574$78,762,515$43,335,207$510,854,776
95$609,385,593$82,544,636$44,709,694$562,220,112
96$671,463,249$86,509,648$46,127,794$618,795,490
97$739,870,315$90,666,436$47,590,891$681,111,129
98$815,252,314$95,024,318$49,100,412$749,751,276
99$898,320,606$99,593,066$50,657,832$825,359,719
100$989,859,110$104,382,928$52,264,671$908,645,855