Can I retire at age 55 with 12,700,000?

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 $12,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$993,895
2 years$519,185$509,516$500,145$491,059$482,246$463,354
3 years$342,685$332,974$323,627$314,626$305,956$287,583
4 years$254,453$244,771$235,517$226,670$218,211$200,497
5 years$201,527$191,904$182,771$174,105$165,880$148,877
6 years$166,255$156,704$147,706$139,233$131,255$114,982
7 years$141,070$131,600$122,745$114,471$106,746$91,205
8 years$122,190$112,805$104,097$96,027$88,556$73,745
9 years$107,513$98,217$89,659$81,794$74,577$60,487
10 years$95,779$86,574$78,167$70,507$63,543$50,161
11 years$86,184$77,071$68,817$61,362$54,649$41,959
12 years$78,195$69,175$61,073$53,823$47,358$35,342
13 years$71,439$62,514$54,565$47,517$41,297$29,937
14 years$65,654$56,824$49,027$42,181$36,201$25,476
15 years$60,645$51,909$44,264$37,618$31,874$21,762
16 years$56,266$47,626$40,132$33,683$28,170$18,650
17 years$52,406$43,862$36,519$30,264$24,978$16,025
18 years$48,979$40,530$33,337$27,274$22,209$13,802
19 years$45,916$37,563$30,518$24,644$19,795$11,909
20 years$43,163$34,905$28,008$22,320$17,682$10,293
21 years$40,676$32,513$25,762$20,257$15,823$8,909
22 years$38,417$30,350$23,744$18,418$14,183$7,721
23 years$36,358$28,385$21,923$16,774$12,732$6,697
24 years$34,474$26,595$20,275$15,299$11,443$5,815
25 years$32,743$24,958$18,779$13,972$10,297$5,053
26 years$31,147$23,457$17,417$12,775$9,276$4,393
27 years$29,672$22,076$16,173$11,693$8,363$3,822
28 years$28,306$20,802$15,035$10,713$7,546$3,327
29 years$27,035$19,624$13,991$9,824$6,814$2,897
30 years$25,852$18,533$13,032$9,016$6,157$2,524
31 years$24,747$17,520$12,150$8,281$5,566$2,199
32 years$23,713$16,577$11,336$7,610$5,035$1,917
33 years$22,744$15,699$10,584$6,998$4,557$1,672
34 years$21,834$14,879$9,889$6,439$4,126$1,458
35 years$20,977$14,112$9,246$5,927$3,737$1,272
36 years$20,171$13,395$8,649$5,459$3,386$1,109
37 years$19,409$12,722$8,095$5,030$3,068$968
38 years$18,689$12,090$7,581$4,636$2,782$845
39 years$18,008$11,497$7,103$4,275$2,523$737
40 years$17,363$10,938$6,657$3,943$2,288$643
41 years$16,751$10,412$6,242$3,638$2,076$562
42 years$16,169$9,916$5,856$3,357$1,884$490
43 years$15,616$9,448$5,495$3,099$1,710$428
44 years$15,089$9,006$5,158$2,861$1,552$374
45 years$14,588$8,588$4,843$2,643$1,409$326
46 years$14,109$8,193$4,549$2,441$1,279$285
47 years$13,653$7,818$4,273$2,255$1,161$249
48 years$13,216$7,464$4,016$2,084$1,055$217
49 years$12,799$7,127$3,775$1,926$958$190
50 years$12,400$6,808$3,549$1,780$870$166

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $12,700,000, adding $6,676 every year, while hoping to spend $24,674 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: 49/28/23 Blend
54$12,700,000$12,700,000$12,700,000$12,700,000
55$14,002,286$13,329,186$13,132,336$14,597,133
56$15,404,267$13,956,063$13,546,017$15,639,001
57$16,948,422$14,612,831$13,972,728$16,767,210
58$18,649,228$15,300,926$14,412,882$17,992,407
59$20,522,636$16,021,859$14,866,900$19,323,748
60$22,586,225$16,777,210$15,335,221$20,771,293
61$24,859,363$17,568,636$15,818,294$22,346,096
62$27,363,396$18,397,877$16,316,585$24,060,303
63$30,121,844$19,266,755$16,830,572$25,927,265
64$33,160,626$20,177,180$17,360,751$27,961,656
65$36,508,304$21,131,156$17,907,630$30,179,609
66$40,196,352$22,130,784$18,471,737$32,598,860
67$44,259,454$23,178,266$19,053,613$35,238,916
68$48,735,828$24,275,911$19,653,819$38,121,224
69$53,667,593$25,426,141$20,272,933$41,269,376
70$59,101,160$26,631,494$20,911,549$44,709,320
71$65,087,675$27,894,634$21,570,282$48,469,603
72$71,683,497$29,218,350$22,249,765$52,581,628
73$78,950,734$30,605,570$22,950,654$57,079,947
74$86,957,829$32,059,363$23,673,620$62,002,579
75$95,780,202$33,582,947$24,419,361$67,391,360
76$105,500,967$35,179,695$25,188,594$73,292,333
77$116,211,712$36,853,146$25,982,058$79,756,167
78$128,013,367$38,607,010$26,800,517$86,838,634
79$141,017,154$40,445,178$27,644,758$94,601,123
80$155,345,640$42,371,728$28,515,594$103,111,208
81$171,133,891$44,390,938$29,413,862$112,443,277
82$188,530,748$46,507,294$30,340,426$122,679,225
83$207,700,232$48,725,499$31,296,178$133,909,214
84$228,823,092$51,050,486$32,282,038$146,232,511
85$252,098,514$53,487,426$33,298,952$159,758,418
86$277,745,996$56,041,743$34,347,901$174,607,285
87$306,007,425$58,719,126$35,429,892$190,911,636
88$337,149,356$61,525,537$36,545,967$208,817,406
89$371,465,533$64,467,231$37,697,200$228,485,303
90$409,279,659$67,550,767$38,884,698$250,092,310
91$450,948,452$70,783,022$40,109,603$273,833,338
92$496,865,013$74,171,209$41,373,094$299,923,054
93$547,462,538$77,722,892$42,676,386$328,597,885
94$603,218,405$81,446,002$44,020,733$360,118,234
95$664,658,683$85,348,857$45,407,429$394,770,919
96$732,363,098$89,440,180$46,837,807$432,871,858
97$806,970,504$93,729,118$48,313,243$474,769,034
98$889,184,915$98,225,266$49,835,157$520,845,758
99$979,782,155$102,938,682$51,405,013$571,524,260
100$1,079,617,175$107,879,917$53,024,320$627,269,655