Can I retire at age 56 with 12,900,000?

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 $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$992,166
2 years$527,361$517,540$508,021$498,792$489,840$453,458
3 years$348,082$338,218$328,723$319,581$310,775$275,652
4 years$258,460$248,626$239,226$230,240$221,647$188,052
5 years$204,701$194,926$185,649$176,846$168,493$136,513
6 years$168,873$159,172$150,032$141,425$133,322$102,983
7 years$143,292$133,672$124,678$116,274$108,427$79,721
8 years$124,114$114,582$105,736$97,539$89,951$62,854
9 years$109,207$99,764$91,071$83,082$75,751$50,229
10 years$97,287$87,937$79,398$71,617$64,544$40,552
11 years$87,542$78,285$69,900$62,328$55,510$32,999
12 years$79,426$70,265$62,035$54,670$48,104$27,021
13 years$72,564$63,499$55,424$48,266$41,947$22,235
14 years$66,688$57,718$49,799$42,845$36,771$18,370
15 years$61,600$52,727$44,962$38,210$32,376$15,226
16 years$57,152$48,376$40,764$34,213$28,614$12,653
17 years$53,231$44,552$37,094$30,740$25,371$10,537
18 years$49,750$41,168$33,862$27,703$22,559$8,791
19 years$46,639$38,154$30,999$25,032$20,107$7,345
20 years$43,843$35,455$28,449$22,671$17,960$6,145
21 years$41,316$33,025$26,168$20,576$16,072$5,145
22 years$39,022$30,828$24,118$18,708$14,407$4,312
23 years$36,931$28,832$22,268$17,038$12,932$3,617
24 years$35,017$27,014$20,595$15,539$11,624$3,035
25 years$33,258$25,351$19,075$14,192$10,460$2,548
26 years$31,638$23,826$17,691$12,976$9,422$2,140
27 years$30,140$22,423$16,427$11,877$8,494$1,798
28 years$28,751$21,129$15,271$10,882$7,665$1,511
29 years$27,461$19,933$14,211$9,979$6,921$1,271
30 years$26,259$18,825$13,237$9,158$6,254$1,068
31 years$25,136$17,796$12,341$8,411$5,654$899
32 years$24,086$16,838$11,514$7,730$5,114$756
33 years$23,102$15,946$10,751$7,108$4,628$636
34 years$22,178$15,113$10,045$6,540$4,190$535
35 years$21,308$14,335$9,391$6,021$3,795$450
36 years$20,488$13,606$8,785$5,545$3,439$379
37 years$19,715$12,922$8,223$5,109$3,117$319
38 years$18,984$12,281$7,700$4,709$2,826$268
39 years$18,292$11,678$7,214$4,342$2,562$226
40 years$17,636$11,111$6,762$4,005$2,324$190
41 years$17,014$10,576$6,341$3,695$2,109$160
42 years$16,424$10,072$5,948$3,410$1,913$135
43 years$15,862$9,597$5,581$3,148$1,736$113
44 years$15,327$9,148$5,239$2,907$1,576$95
45 years$14,817$8,723$4,919$2,684$1,431$80
46 years$14,332$8,322$4,620$2,479$1,299$68
47 years$13,868$7,941$4,341$2,291$1,180$57
48 years$13,424$7,581$4,079$2,117$1,071$48
49 years$13,001$7,240$3,834$1,956$973$40
50 years$12,595$6,916$3,605$1,808$884$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $12,900,000, adding $2,532 every year, while hoping to spend $27,516 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: 74/12/14 Blend
55$12,900,000$12,900,000$12,900,000$12,900,000
56$14,218,412$13,534,712$13,334,762$15,227,762
57$15,639,413$14,168,636$13,752,199$16,529,501
58$17,204,434$14,832,700$14,182,699$17,951,705
59$18,928,136$15,528,352$14,626,669$19,509,239
60$20,826,674$16,257,110$15,084,531$21,215,527
61$22,917,851$17,020,564$15,556,719$23,085,352
62$25,221,285$17,820,384$16,043,682$25,134,985
63$27,758,591$18,658,319$16,545,880$27,382,343
64$30,553,592$19,536,201$17,063,792$29,847,150
65$33,632,537$20,455,953$17,597,908$32,551,127
66$37,024,353$21,419,592$18,148,734$35,518,188
67$40,760,914$22,429,229$18,716,795$38,774,670
68$44,877,347$23,487,082$19,302,627$42,349,574
69$49,412,360$24,595,472$19,906,788$46,274,837
70$54,408,605$25,756,835$20,529,851$50,585,634
71$59,913,088$26,973,724$21,172,405$55,320,702
72$65,977,604$28,248,818$21,835,062$60,522,704
73$72,659,232$29,584,923$22,518,449$66,238,633
74$80,020,872$30,984,982$23,223,215$72,520,245
75$88,131,836$32,452,081$23,950,028$79,424,550
76$97,068,507$33,989,457$24,699,578$87,014,342
77$106,915,056$35,600,501$25,472,575$95,358,792
78$117,764,238$37,288,772$26,269,752$104,534,094
79$129,718,268$39,058,000$27,091,867$114,624,180
80$142,889,784$40,912,095$27,939,697$125,721,511
81$157,402,913$42,855,158$28,814,048$137,927,942
82$173,394,440$44,891,491$29,715,748$151,355,680
83$191,015,100$47,025,601$30,645,653$166,128,338
84$210,431,001$49,262,217$31,604,644$182,382,097
85$231,825,195$51,606,297$32,593,631$200,266,986
86$255,399,398$54,063,038$33,613,551$219,948,294
87$281,375,903$56,637,894$34,665,371$241,608,120
88$309,999,673$59,336,578$35,750,089$265,447,091
89$341,540,655$62,165,087$36,868,733$291,686,248
90$376,296,330$65,129,704$38,022,363$320,569,125
91$414,594,518$68,237,021$39,212,074$352,364,040
92$456,796,473$71,493,950$40,438,993$387,366,623
93$503,300,297$74,907,737$41,704,283$425,902,599
94$554,544,694$78,485,983$43,009,144$468,330,853
95$611,013,115$82,236,658$44,354,812$515,046,810
96$673,238,318$86,168,120$45,742,563$566,486,162
97$741,807,400$90,289,131$47,173,713$623,128,969
98$817,367,340$94,608,884$48,649,617$685,504,183
99$900,631,105$99,137,015$50,171,676$754,194,628
100$992,384,381$103,883,632$51,741,330$829,842,499