Can I retire at age 55 with 12,200,000?

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$1,007,465$998,491$989,735$981,190$972,845$964,694
2 years$498,745$489,456$480,454$471,726$463,260$455,044
3 years$329,194$319,865$310,886$302,239$293,911$285,886
4 years$244,435$235,135$226,245$217,746$209,620$201,847
5 years$193,593$184,348$175,575$167,250$159,350$151,852
6 years$159,709$150,534$141,891$133,751$126,088$118,875
7 years$135,516$126,419$117,912$109,964$102,543$95,618
8 years$117,379$108,364$99,999$92,246$85,069$78,432
9 years$103,281$94,350$86,129$78,573$71,641$65,289
10 years$92,008$83,165$75,089$67,731$61,042$54,972
11 years$82,791$74,037$66,107$58,946$52,498$46,706
12 years$75,116$66,452$58,669$51,704$45,493$39,974
13 years$68,627$60,053$52,416$45,647$39,671$34,418
14 years$63,069$54,586$47,096$40,520$34,776$29,781
15 years$58,257$49,866$42,522$36,137$30,619$25,877
16 years$54,051$45,751$38,552$32,357$27,061$22,564
17 years$50,343$42,135$35,081$29,072$23,994$19,734
18 years$47,051$38,934$32,024$26,200$21,335$17,304
19 years$44,109$36,084$29,317$23,674$19,016$15,206
20 years$41,464$33,531$26,906$21,441$16,986$13,389
21 years$39,074$31,233$24,748$19,459$15,200$11,808
22 years$36,905$29,155$22,809$17,693$13,625$10,429
23 years$34,927$27,268$21,060$16,113$12,230$9,222
24 years$33,116$25,548$19,477$14,696$10,993$8,165
25 years$31,453$23,976$18,040$13,421$9,892$7,235
26 years$29,921$22,533$16,731$12,272$8,910$6,417
27 years$28,504$21,206$15,536$11,233$8,033$5,696
28 years$27,191$19,983$14,443$10,292$7,249$5,059
29 years$25,971$18,851$13,440$9,438$6,545$4,496
30 years$24,834$17,803$12,519$8,661$5,914$3,997
31 years$23,772$16,830$11,671$7,955$5,347$3,556
32 years$22,779$15,925$10,889$7,311$4,837$3,165
33 years$21,848$15,081$10,167$6,723$4,377$2,817
34 years$20,974$14,293$9,500$6,186$3,963$2,509
35 years$20,152$13,557$8,882$5,694$3,590$2,235
36 years$19,376$12,867$8,309$5,244$3,252$1,991
37 years$18,645$12,221$7,777$4,832$2,948$1,775
38 years$17,954$11,614$7,283$4,454$2,672$1,582
39 years$17,299$11,044$6,823$4,106$2,423$1,410
40 years$16,679$10,508$6,395$3,788$2,198$1,258
41 years$16,091$10,002$5,997$3,495$1,994$1,122
42 years$15,532$9,526$5,625$3,225$1,809$1,000
43 years$15,001$9,076$5,278$2,977$1,642$892
44 years$14,495$8,651$4,955$2,749$1,491$796
45 years$14,013$8,250$4,652$2,539$1,353$710
46 years$13,554$7,870$4,370$2,345$1,229$634
47 years$13,115$7,511$4,105$2,166$1,116$566
48 years$12,696$7,170$3,858$2,002$1,013$505
49 years$12,295$6,847$3,626$1,850$920$450
50 years$11,911$6,540$3,409$1,710$836$402

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $12,200,000, adding $4,405 every year, while hoping to spend $36,887 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: 77/10/13 Blend
54$12,200,000$12,200,000$12,200,000$12,200,000
55$13,448,944$12,802,344$12,613,244$14,449,186
56$14,781,489$13,390,411$12,996,540$15,696,934
57$16,248,717$14,006,057$13,391,440$17,059,683
58$17,864,327$14,650,595$13,798,294$18,552,979
59$19,643,414$15,325,400$14,217,463$20,189,826
60$21,602,610$16,031,913$14,649,317$21,984,537
61$23,760,246$16,771,646$15,094,238$23,952,875
62$26,136,516$17,546,182$15,552,620$26,112,197
63$28,753,677$18,357,182$16,024,869$28,481,616
64$31,636,253$19,206,384$16,511,403$31,082,181
65$34,811,266$20,095,612$17,012,651$33,937,072
66$38,308,497$21,026,779$17,529,056$37,071,816
67$42,160,759$22,001,887$18,061,075$40,514,531
68$46,404,214$23,023,036$18,609,178$44,296,183
69$51,078,706$24,092,428$19,173,848$48,450,880
70$56,228,147$25,212,369$19,755,585$53,016,190
71$61,900,922$26,385,280$20,354,901$58,033,494
72$68,150,352$27,613,694$20,972,326$63,548,373
73$75,035,193$28,900,270$21,608,404$69,611,036
74$82,620,193$30,247,794$22,263,696$76,276,793
75$90,976,703$31,659,186$22,938,780$83,606,571
76$100,183,348$33,137,507$23,634,250$91,667,489
77$110,326,772$34,685,967$24,350,720$100,533,487
78$121,502,454$36,307,931$25,088,820$110,286,020
79$133,815,609$38,006,925$25,849,201$121,014,825
80$147,382,184$39,786,646$26,632,531$132,818,764
81$162,329,946$41,650,972$27,439,501$145,806,755
82$178,799,696$43,603,965$28,270,820$160,098,793
83$196,946,591$45,649,885$29,127,218$175,827,082
84$216,941,614$47,793,200$30,009,450$193,137,275
85$238,973,182$50,038,591$30,918,291$212,189,849
86$263,248,932$52,390,966$31,854,539$233,161,614
87$289,997,673$54,855,474$32,819,016$256,247,376
88$319,471,553$57,437,509$33,812,570$281,661,770
89$351,948,432$60,142,728$34,836,072$309,641,284
90$387,734,514$62,977,063$35,890,422$340,446,486
91$427,167,226$65,946,731$36,976,543$374,364,476
92$470,618,415$69,058,253$38,095,389$411,711,590
93$518,497,849$72,318,463$39,247,940$452,836,384
94$571,257,091$75,734,529$40,435,207$498,122,914
95$629,393,758$79,313,965$41,658,231$547,994,356
96$693,456,221$83,064,649$42,918,081$602,916,996
97$764,048,780$86,994,841$44,215,862$663,404,622
98$841,837,372$91,113,205$45,552,709$730,023,369
99$927,555,851$95,428,819$46,929,792$803,397,053
100$1,022,012,925$99,951,208$48,348,317$884,213,054