Can I retire at age 55 with 12,100,000?

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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$999,207$990,306$981,623$973,147$964,871$942,694
2 years$494,657$485,444$476,516$467,859$459,462$437,242
3 years$326,495$317,243$308,337$299,762$291,502$269,932
4 years$242,431$233,207$224,391$215,962$207,902$187,149
5 years$192,006$182,837$174,136$165,879$158,043$138,166
6 years$158,400$149,300$140,728$132,655$125,054$106,072
7 years$134,405$125,382$116,946$109,063$101,703$83,619
8 years$116,417$107,476$99,179$91,490$84,372$67,180
9 years$102,434$93,577$85,423$77,929$71,054$54,739
10 years$91,254$82,484$74,474$67,176$60,541$45,088
11 years$82,113$73,430$65,565$58,463$52,067$37,454
12 years$74,500$65,907$58,188$51,280$45,121$31,323
13 years$68,064$59,561$51,987$45,273$39,346$26,339
14 years$62,552$54,139$46,710$40,188$34,490$22,247
15 years$57,780$49,457$42,173$35,841$30,368$18,860
16 years$53,608$45,376$38,236$32,091$26,839$16,037
17 years$49,930$41,789$34,793$28,834$23,798$13,672
18 years$46,665$38,615$31,762$25,985$21,160$11,680
19 years$43,747$35,788$29,077$23,480$18,860$9,997
20 years$41,124$33,256$26,685$21,265$16,846$8,569
21 years$38,754$30,977$24,545$19,300$15,076$7,355
22 years$36,602$28,916$22,622$17,548$13,513$6,320
23 years$34,641$27,044$20,887$15,981$12,130$5,435
24 years$32,845$25,339$19,317$14,576$10,903$4,679
25 years$31,196$23,779$17,892$13,311$9,811$4,030
26 years$29,676$22,349$16,594$12,171$8,837$3,473
27 years$28,271$21,033$15,409$11,141$7,968$2,995
28 years$26,968$19,819$14,324$10,207$7,189$2,584
29 years$25,758$18,697$13,330$9,360$6,492$2,230
30 years$24,630$17,657$12,416$8,590$5,866$1,925
31 years$23,578$16,692$11,576$7,890$5,303$1,662
32 years$22,593$15,794$10,800$7,251$4,797$1,436
33 years$21,669$14,957$10,084$6,668$4,341$1,240
34 years$20,802$14,176$9,422$6,135$3,931$1,072
35 years$19,986$13,446$8,809$5,647$3,560$926
36 years$19,218$12,762$8,241$5,201$3,226$801
37 years$18,492$12,121$7,713$4,792$2,924$692
38 years$17,806$11,519$7,223$4,417$2,650$598
39 years$17,158$10,954$6,767$4,073$2,403$517
40 years$16,543$10,421$6,343$3,757$2,180$447
41 years$15,959$9,920$5,948$3,466$1,978$387
42 years$15,405$9,448$5,579$3,199$1,795$334
43 years$14,878$9,002$5,235$2,953$1,629$289
44 years$14,377$8,581$4,914$2,726$1,478$250
45 years$13,899$8,182$4,614$2,518$1,342$216
46 years$13,443$7,806$4,334$2,326$1,219$187
47 years$13,008$7,449$4,071$2,149$1,107$162
48 years$12,592$7,111$3,826$1,985$1,005$140
49 years$12,194$6,791$3,596$1,835$913$121
50 years$11,814$6,487$3,381$1,696$829$105

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $12,100,000, adding $3,613 every year, while hoping to spend $46,920 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: 43/46/11 Blend
54$12,100,000$12,100,000$12,100,000$12,100,000
55$13,337,927$12,696,627$12,509,077$13,868,774
56$14,648,473$13,268,839$12,878,208$14,811,629
57$16,091,122$13,867,517$13,258,133$15,827,431
58$17,679,299$14,493,908$13,649,164$16,926,831
59$19,427,797$15,149,319$14,051,620$18,117,507
60$21,352,916$15,835,120$14,465,833$19,407,881
61$23,472,617$16,552,744$14,892,142$20,807,195
62$25,806,692$17,303,696$15,330,896$22,325,592
63$28,376,947$18,089,550$15,782,454$23,974,207
64$31,207,415$18,911,957$16,247,185$25,765,267
65$34,324,575$19,772,646$16,725,470$27,712,196
66$37,757,606$20,673,431$17,217,698$29,829,742
67$41,538,663$21,616,209$17,724,271$32,134,101
68$45,703,175$22,602,972$18,245,603$34,643,072
69$50,290,185$23,635,805$18,782,117$37,376,210
70$55,342,718$24,716,893$19,334,252$40,355,005
71$60,908,181$25,848,526$19,902,455$43,603,080
72$67,038,817$27,033,106$20,487,189$47,146,402
73$73,792,195$28,273,147$21,088,929$51,013,517
74$81,231,754$29,571,286$21,708,163$55,235,814
75$89,427,399$30,930,285$22,345,392$59,847,810
76$98,456,165$32,353,041$23,001,135$64,887,465
77$108,402,942$33,842,587$23,675,920$70,396,528
78$119,361,273$35,402,105$24,370,295$76,420,924
79$131,434,243$37,034,928$25,084,819$83,011,173
80$144,735,447$38,744,551$25,820,072$90,222,854
81$159,390,063$40,534,634$26,576,645$98,117,120
82$175,536,035$42,409,017$27,355,148$106,761,259
83$193,325,374$44,371,723$28,156,209$116,229,315
84$212,925,593$46,426,968$28,980,473$126,602,774
85$234,521,287$48,579,172$29,828,602$137,971,316
86$258,315,876$50,832,969$30,701,278$150,433,648
87$284,533,525$53,193,215$31,599,201$164,098,416
88$313,421,262$55,665,000$32,523,091$179,085,215
89$345,251,305$58,253,660$33,473,690$195,525,697
90$380,323,637$60,964,788$34,451,757$213,564,799
91$418,968,833$63,804,247$35,458,075$233,362,083
92$461,551,182$66,778,183$36,493,449$255,093,232
93$508,472,128$69,893,040$37,558,705$278,951,674
94$560,174,057$73,155,570$38,654,694$305,150,396
95$617,144,472$76,572,855$39,782,287$333,923,922
96$679,920,598$80,152,315$40,942,384$365,530,505
97$749,094,452$83,901,731$42,135,906$400,254,537
98$825,318,430$87,829,260$43,363,804$438,409,208
99$909,311,469$91,943,453$44,627,050$480,339,430
100$1,001,865,831$96,253,274$45,926,648$526,425,064