Can I retire at age 55 with 12,300,000?

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$964,968
2 years$502,833$493,468$484,392$475,592$467,057$451,130
3 years$331,892$322,487$313,434$304,717$296,320$280,814
4 years$246,438$237,062$228,100$219,531$211,338$196,372
5 years$195,180$185,859$177,015$168,621$160,656$146,273
6 years$161,018$151,768$143,054$134,848$127,121$113,339
7 years$136,627$127,455$118,879$110,866$103,384$90,205
8 years$118,342$109,252$100,818$93,002$85,767$73,190
9 years$104,127$95,124$86,835$79,217$72,228$60,246
10 years$92,762$83,847$75,705$68,286$61,542$50,145
11 years$83,470$74,644$66,649$59,429$52,928$42,105
12 years$75,732$66,996$59,149$52,128$45,866$35,603
13 years$69,189$60,545$52,846$46,021$39,996$30,277
14 years$63,586$55,034$47,482$40,852$35,061$25,869
15 years$58,735$50,274$42,870$36,433$30,870$22,190
16 years$54,494$46,126$38,868$32,622$27,283$19,097
17 years$50,755$42,480$35,369$29,310$24,191$16,480
18 years$47,436$39,254$32,287$26,415$21,510$14,255
19 years$44,470$36,380$29,557$23,868$19,172$12,355
20 years$41,804$33,806$27,126$21,617$17,125$10,727
21 years$39,395$31,489$24,951$19,619$15,325$9,327
22 years$37,207$29,394$22,996$17,838$13,736$8,120
23 years$35,213$27,491$21,233$16,245$12,331$7,076
24 years$33,388$25,758$19,637$14,817$11,083$6,173
25 years$31,711$24,172$18,187$13,531$9,973$5,389
26 years$30,166$22,718$16,868$12,372$8,983$4,709
27 years$28,738$21,380$15,663$11,325$8,099$4,116
28 years$27,414$20,147$14,561$10,376$7,308$3,601
29 years$26,184$19,006$13,550$9,515$6,599$3,151
30 years$25,037$17,949$12,622$8,732$5,963$2,758
31 years$23,967$16,968$11,767$8,020$5,391$2,416
32 years$22,966$16,055$10,979$7,371$4,876$2,116
33 years$22,027$15,204$10,251$6,778$4,413$1,854
34 years$21,146$14,410$9,578$6,236$3,996$1,625
35 years$20,317$13,668$8,955$5,741$3,619$1,425
36 years$19,535$12,973$8,377$5,287$3,279$1,249
37 years$18,798$12,321$7,841$4,871$2,972$1,096
38 years$18,101$11,710$7,342$4,490$2,694$961
39 years$17,441$11,135$6,879$4,140$2,443$843
40 years$16,816$10,594$6,448$3,819$2,216$740
41 years$16,223$10,084$6,046$3,523$2,010$649
42 years$15,660$9,604$5,671$3,251$1,824$569
43 years$15,124$9,151$5,322$3,001$1,656$500
44 years$14,614$8,722$4,995$2,771$1,503$438
45 years$14,128$8,318$4,690$2,559$1,364$385
46 years$13,665$7,935$4,405$2,364$1,239$338
47 years$13,223$7,572$4,139$2,184$1,125$296
48 years$12,800$7,229$3,889$2,018$1,022$260
49 years$12,396$6,903$3,656$1,865$928$228
50 years$12,009$6,594$3,437$1,724$843$200

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $12,300,000, adding $5,715 every year, while hoping to spend $51,563 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: 64/13/23 Blend
54$12,300,000$12,300,000$12,300,000$12,300,000
55$13,560,495$12,908,595$12,717,945$14,346,942
56$14,888,803$13,486,254$13,089,134$15,455,601
57$16,350,870$14,090,489$13,471,029$16,660,083
58$17,960,285$14,722,550$13,863,935$17,974,903
59$19,732,022$15,383,742$14,268,164$19,410,874
60$21,682,580$16,075,437$14,684,039$20,979,895
61$23,830,137$16,799,068$15,111,889$22,695,064
62$26,194,728$17,556,139$15,552,054$24,570,794
63$28,798,425$18,348,225$16,004,883$26,622,951
64$31,665,553$19,176,976$16,470,734$28,869,001
65$34,822,912$20,044,121$16,949,977$31,328,170
66$38,300,037$20,951,471$17,442,989$34,021,625
67$42,129,473$21,900,925$17,950,161$36,972,671
68$46,347,080$22,894,471$18,471,893$40,206,966
69$50,992,376$23,934,194$19,008,595$43,752,763
70$56,108,906$25,022,277$19,560,690$47,641,172
71$61,744,654$26,161,008$20,128,613$51,906,450
72$67,952,496$27,352,785$20,712,809$56,586,325
73$74,790,700$28,600,120$21,313,737$61,722,341
74$82,323,472$29,905,647$21,931,869$67,360,255
75$90,621,568$31,272,125$22,567,687$73,550,459
76$99,762,953$32,702,445$23,221,690$80,348,455
77$109,833,546$34,199,637$23,894,389$87,815,374
78$120,928,026$35,766,877$24,586,309$96,018,549
79$133,150,723$37,407,492$25,297,988$105,032,144
80$146,616,608$39,124,971$26,029,983$114,937,855
81$161,452,376$40,922,968$26,782,861$125,825,670
82$177,797,640$42,805,315$27,557,208$137,794,717
83$195,806,249$44,776,026$28,353,625$150,954,195
84$215,647,745$46,839,309$29,172,729$165,424,397
85$237,508,954$48,999,575$30,015,155$181,337,842
86$261,595,759$51,261,446$30,881,555$198,840,519
87$288,135,036$53,629,766$31,772,596$218,093,261
88$317,376,800$56,109,614$32,688,968$239,273,254
89$349,596,561$58,706,313$33,631,376$262,575,704
90$385,097,928$61,425,440$34,600,545$288,215,673
91$424,215,474$64,272,844$35,597,221$316,430,105
92$467,317,893$67,254,654$36,622,168$347,480,050
93$514,811,480$70,377,294$37,676,173$381,653,123
94$567,143,969$73,647,500$38,760,043$419,266,212
95$624,808,756$77,072,329$39,874,607$460,668,460
96$688,349,559$80,659,183$41,020,715$506,244,552
97$758,365,548$84,415,817$42,199,243$556,418,337
98$835,517,004$88,350,363$43,411,089$611,656,821
99$920,531,552$92,471,343$44,657,173$672,474,564
100$1,014,211,025$96,787,694$45,938,443$739,438,529