Can I retire at age 55 with 12,000,000?

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 $12,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$990,949$982,122$973,510$965,105$956,897$952,464
2 years$490,569$481,432$472,578$463,993$455,665$451,191
3 years$323,797$314,621$305,789$297,285$289,093$284,715
4 years$240,428$231,280$222,536$214,177$206,183$201,937
5 years$190,419$181,326$172,697$164,508$156,737$152,634
6 years$157,091$148,067$139,565$131,559$124,021$120,066
7 years$133,294$124,346$115,979$108,162$100,862$97,057
8 years$115,455$106,588$98,360$90,734$83,675$80,021
9 years$101,588$92,804$84,717$77,285$70,466$66,962
10 years$90,500$81,802$73,858$66,621$60,041$56,685
11 years$81,434$72,823$65,024$57,980$51,637$48,427
12 years$73,885$65,362$57,707$50,856$44,748$41,682
13 years$67,502$59,068$51,557$44,898$39,021$36,095
14 years$62,035$53,692$46,324$39,856$34,205$31,417
15 years$57,302$49,048$41,825$35,544$30,117$27,463
16 years$53,165$45,001$37,920$31,826$26,618$24,094
17 years$49,518$41,444$34,506$28,595$23,601$21,204
18 years$46,279$38,296$31,499$25,770$20,985$18,711
19 years$43,385$35,493$28,836$23,286$18,704$16,549
20 years$40,784$32,981$26,464$21,090$16,707$14,666
21 years$38,434$30,721$24,342$19,140$14,951$13,020
22 years$36,300$28,677$22,435$17,403$13,401$11,577
23 years$34,354$26,821$20,715$15,849$12,030$10,307
24 years$32,574$25,129$19,158$14,455$10,813$9,188
25 years$30,938$23,583$17,744$13,201$9,730$8,199
26 years$29,430$22,164$16,457$12,071$8,764$7,323
27 years$28,037$20,859$15,281$11,049$7,902$6,546
28 years$26,745$19,655$14,206$10,123$7,130$5,856
29 years$25,545$18,542$13,220$9,283$6,438$5,242
30 years$24,427$17,511$12,314$8,519$5,817$4,695
31 years$23,383$16,554$11,480$7,824$5,259$4,207
32 years$22,406$15,663$10,711$7,191$4,757$3,772
33 years$21,490$14,834$10,001$6,613$4,305$3,383
34 years$20,630$14,059$9,344$6,084$3,898$3,035
35 years$19,821$13,335$8,736$5,601$3,531$2,724
36 years$19,059$12,656$8,172$5,158$3,199$2,446
37 years$18,339$12,021$7,649$4,753$2,899$2,196
38 years$17,659$11,424$7,163$4,381$2,629$1,973
39 years$17,016$10,863$6,711$4,039$2,384$1,772
40 years$16,406$10,335$6,290$3,725$2,162$1,593
41 years$15,827$9,838$5,898$3,437$1,961$1,431
42 years$15,278$9,370$5,533$3,172$1,780$1,287
43 years$14,755$8,927$5,192$2,928$1,615$1,157
44 years$14,258$8,510$4,873$2,704$1,466$1,040
45 years$13,784$8,115$4,576$2,497$1,331$935
46 years$13,332$7,741$4,298$2,307$1,209$841
47 years$12,900$7,387$4,038$2,131$1,097$756
48 years$12,488$7,052$3,794$1,969$997$680
49 years$12,094$6,735$3,567$1,820$905$612
50 years$11,716$6,433$3,353$1,682$822$550

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $12,000,000, adding $2,506 every year, while hoping to spend $21,800 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: 72/5/23 Blend
54$12,000,000$12,000,000$12,000,000$12,000,000
55$13,226,585$12,590,585$12,404,585$14,103,294
56$14,552,502$13,184,329$12,796,944$15,281,891
57$16,012,931$13,806,435$13,201,715$16,569,561
58$17,621,571$14,458,271$13,619,294$17,979,433
59$19,393,514$15,141,270$14,050,083$19,523,653
60$21,345,394$15,856,933$14,494,502$21,215,596
61$23,495,538$16,606,837$14,952,982$23,069,992
62$25,864,144$17,392,633$15,425,968$25,103,056
63$28,473,468$18,216,053$15,913,919$27,332,648
64$31,348,035$19,078,913$16,417,309$29,778,435
65$34,514,871$19,983,116$16,936,625$32,462,078
66$38,003,759$20,930,660$17,472,373$35,407,430
67$41,847,517$21,923,637$18,025,072$38,640,766
68$46,082,311$22,964,242$18,595,259$42,191,022
69$50,747,993$24,054,776$19,183,487$46,090,073
70$55,888,482$25,197,654$19,790,327$50,373,027
71$61,552,172$26,395,404$20,416,368$55,078,555
72$67,792,396$27,650,681$21,062,219$60,249,256
73$74,667,922$28,966,266$21,728,505$65,932,056
74$82,243,514$30,345,077$22,415,874$72,178,647
75$90,590,539$31,790,173$23,124,993$79,045,974
76$99,787,644$33,304,762$23,856,550$86,596,770
77$109,921,495$34,892,206$24,611,256$94,900,145
78$121,087,598$36,556,034$25,389,843$104,032,237
79$133,391,197$38,299,945$26,193,067$114,076,924
80$146,948,273$40,127,815$27,021,708$125,126,618
81$161,886,632$42,043,714$27,876,571$137,283,133
82$178,347,118$44,051,904$28,758,485$150,658,638
83$196,484,936$46,156,860$29,668,306$165,376,719
84$216,471,124$48,363,271$30,606,919$181,573,540
85$238,494,162$50,676,054$31,575,234$199,399,124
86$262,761,753$53,100,368$32,574,191$219,018,765
87$289,502,787$55,641,621$33,604,761$240,614,585
88$318,969,495$58,305,484$34,667,945$264,387,253
89$351,439,836$61,097,905$35,764,773$290,557,870
90$387,220,118$64,025,121$36,896,312$319,370,052
91$426,647,892$67,093,674$38,063,661$351,092,230
92$470,095,136$70,310,423$39,267,952$386,020,177
93$517,971,767$73,682,561$40,510,355$424,479,791
94$570,729,512$77,217,631$41,792,077$466,830,175
95$628,866,173$80,923,546$43,114,363$513,467,016
96$692,930,325$84,808,602$44,478,496$564,826,313
97$763,526,493$88,881,499$45,885,801$621,388,495
98$841,320,866$93,151,362$47,337,645$683,682,945
99$927,047,576$97,627,761$48,835,438$752,292,990
100$1,021,515,638$102,320,731$50,380,635$827,861,409