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%18.7%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$992,561
2 years$527,361$517,540$508,021$498,792$489,840$453,846
3 years$348,082$338,218$328,723$319,581$310,775$276,020
4 years$258,460$248,626$239,226$230,240$221,647$188,398
5 years$204,701$194,926$185,649$176,846$168,493$136,837
6 years$168,873$159,172$150,032$141,425$133,322$103,284
7 years$143,292$133,672$124,678$116,274$108,427$79,999
8 years$124,114$114,582$105,736$97,539$89,951$63,111
9 years$109,207$99,764$91,071$83,082$75,751$50,465
10 years$97,287$87,937$79,398$71,617$64,544$40,769
11 years$87,542$78,285$69,900$62,328$55,510$33,197
12 years$79,426$70,265$62,035$54,670$48,104$27,201
13 years$72,564$63,499$55,424$48,266$41,947$22,399
14 years$66,688$57,718$49,799$42,845$36,771$18,518
15 years$61,600$52,727$44,962$38,210$32,376$15,359
16 years$57,152$48,376$40,764$34,213$28,614$12,773
17 years$53,231$44,552$37,094$30,740$25,371$10,645
18 years$49,750$41,168$33,862$27,703$22,559$8,888
19 years$46,639$38,154$30,999$25,032$20,107$7,432
20 years$43,843$35,455$28,449$22,671$17,960$6,222
21 years$41,316$33,025$26,168$20,576$16,072$5,214
22 years$39,022$30,828$24,118$18,708$14,407$4,373
23 years$36,931$28,832$22,268$17,038$12,932$3,671
24 years$35,017$27,014$20,595$15,539$11,624$3,083
25 years$33,258$25,351$19,075$14,192$10,460$2,590
26 years$31,638$23,826$17,691$12,976$9,422$2,177
27 years$30,140$22,423$16,427$11,877$8,494$1,831
28 years$28,751$21,129$15,271$10,882$7,665$1,540
29 years$27,461$19,933$14,211$9,979$6,921$1,296
30 years$26,259$18,825$13,237$9,158$6,254$1,090
31 years$25,136$17,796$12,341$8,411$5,654$918
32 years$24,086$16,838$11,514$7,730$5,114$773
33 years$23,102$15,946$10,751$7,108$4,628$650
34 years$22,178$15,113$10,045$6,540$4,190$548
35 years$21,308$14,335$9,391$6,021$3,795$461
36 years$20,488$13,606$8,785$5,545$3,439$388
37 years$19,715$12,922$8,223$5,109$3,117$327
38 years$18,984$12,281$7,700$4,709$2,826$275
39 years$18,292$11,678$7,214$4,342$2,562$232
40 years$17,636$11,111$6,762$4,005$2,324$195
41 years$17,014$10,576$6,341$3,695$2,109$165
42 years$16,424$10,072$5,948$3,410$1,913$139
43 years$15,862$9,597$5,581$3,148$1,736$117
44 years$15,327$9,148$5,239$2,907$1,576$98
45 years$14,817$8,723$4,919$2,684$1,431$83
46 years$14,332$8,322$4,620$2,479$1,299$70
47 years$13,868$7,941$4,341$2,291$1,180$59
48 years$13,424$7,581$4,079$2,117$1,071$50
49 years$13,001$7,240$3,834$1,956$973$42
50 years$12,595$6,916$3,605$1,808$884$35

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 $3,167 every year, while hoping to spend $43,426 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: 47/35/18 Blend
55$12,900,000$12,900,000$12,900,000$12,900,000
56$14,219,067$13,535,367$13,335,417$14,814,689
57$15,623,207$14,152,395$13,735,948$15,846,520
58$17,169,113$14,798,202$14,148,442$16,961,155
59$18,871,201$15,474,152$14,573,253$18,170,044
60$20,745,353$16,181,675$15,010,747$19,482,006
61$22,809,072$16,922,270$15,461,299$20,906,728
62$25,081,642$17,697,505$15,925,298$22,454,845
63$27,584,314$18,509,028$16,403,140$24,138,044
64$30,340,506$19,358,563$16,895,237$25,969,162
65$33,376,022$20,247,916$17,402,011$27,962,307
66$36,719,294$21,178,982$17,923,897$30,132,981
67$40,401,656$22,153,746$18,461,342$32,498,226
68$44,457,635$23,174,289$19,014,806$35,076,774
69$48,925,276$24,242,792$19,584,764$37,889,220
70$53,846,504$25,361,539$20,171,705$40,958,208
71$59,267,520$26,532,927$20,776,129$44,308,640
72$65,239,233$27,759,466$21,398,555$47,967,902
73$71,817,743$29,043,788$22,039,515$51,966,117
74$79,064,870$30,388,651$22,699,556$56,336,418
75$87,048,738$31,796,946$23,379,242$61,115,256
76$95,844,417$33,271,704$24,079,155$66,342,733
77$105,534,632$34,816,102$24,799,891$72,062,973
78$116,210,543$36,433,469$25,542,065$78,324,530
79$127,972,604$38,127,295$26,306,311$85,180,831
80$140,931,517$39,901,240$27,093,279$92,690,679
81$155,209,268$41,759,137$27,903,640$100,918,787
82$170,940,286$43,705,007$28,738,085$109,936,386
83$188,272,707$45,743,065$29,597,323$119,821,882
84$207,369,776$47,877,728$30,482,086$130,661,584
85$228,411,383$50,113,626$31,393,126$142,550,504
86$251,595,766$52,455,616$32,331,217$155,593,244
87$277,141,378$54,908,784$33,297,156$169,904,968
88$305,288,952$57,478,468$34,291,765$185,612,471
89$336,303,771$60,170,260$35,315,885$202,855,366
90$370,478,176$62,990,023$36,370,388$221,787,381
91$408,134,320$65,943,904$37,456,166$242,577,797
92$449,627,213$69,038,347$38,574,139$265,413,025
93$495,348,071$72,280,109$39,725,255$290,498,347
94$545,728,011$75,676,271$40,910,489$318,059,840
95$601,242,121$79,234,261$42,130,842$348,346,482
96$662,413,940$82,961,862$43,387,348$381,632,487
97$729,820,405$86,867,237$44,681,068$418,219,868
98$804,097,298$90,958,943$46,013,095$458,441,267
99$885,945,243$95,245,952$47,384,555$502,663,068
100$976,136,324$99,737,670$48,796,604$551,288,835