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%12.4%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$1,002,557
2 years$519,185$509,516$500,145$491,059$482,246$472,014
3 years$342,685$332,974$323,627$314,626$305,956$295,969
4 years$254,453$244,771$235,517$226,670$218,211$208,544
5 years$201,527$191,904$182,771$174,105$165,880$156,563
6 years$166,255$156,704$147,706$139,233$131,255$122,299
7 years$141,070$131,600$122,745$114,471$106,746$98,155
8 years$122,190$112,805$104,097$96,027$88,556$80,329
9 years$107,513$98,217$89,659$81,794$74,577$66,712
10 years$95,779$86,574$78,167$70,507$63,543$56,035
11 years$86,184$77,071$68,817$61,362$54,649$47,491
12 years$78,195$69,175$61,073$53,823$47,358$40,543
13 years$71,439$62,514$54,565$47,517$41,297$34,818
14 years$65,654$56,824$49,027$42,181$36,201$30,048
15 years$60,645$51,909$44,264$37,618$31,874$26,039
16 years$56,266$47,626$40,132$33,683$28,170$22,643
17 years$52,406$43,862$36,519$30,264$24,978$19,748
18 years$48,979$40,530$33,337$27,274$22,209$17,267
19 years$45,916$37,563$30,518$24,644$19,795$15,130
20 years$43,163$34,905$28,008$22,320$17,682$13,283
21 years$40,676$32,513$25,762$20,257$15,823$11,680
22 years$38,417$30,350$23,744$18,418$14,183$10,285
23 years$36,358$28,385$21,923$16,774$12,732$9,067
24 years$34,474$26,595$20,275$15,299$11,443$8,003
25 years$32,743$24,958$18,779$13,972$10,297$7,070
26 years$31,147$23,457$17,417$12,775$9,276$6,250
27 years$29,672$22,076$16,173$11,693$8,363$5,530
28 years$28,306$20,802$15,035$10,713$7,546$4,896
29 years$27,035$19,624$13,991$9,824$6,814$4,337
30 years$25,852$18,533$13,032$9,016$6,157$3,844
31 years$24,747$17,520$12,150$8,281$5,566$3,408
32 years$23,713$16,577$11,336$7,610$5,035$3,023
33 years$22,744$15,699$10,584$6,998$4,557$2,682
34 years$21,834$14,879$9,889$6,439$4,126$2,381
35 years$20,977$14,112$9,246$5,927$3,737$2,114
36 years$20,171$13,395$8,649$5,459$3,386$1,877
37 years$19,409$12,722$8,095$5,030$3,068$1,667
38 years$18,689$12,090$7,581$4,636$2,782$1,481
39 years$18,008$11,497$7,103$4,275$2,523$1,316
40 years$17,363$10,938$6,657$3,943$2,288$1,169
41 years$16,751$10,412$6,242$3,638$2,076$1,039
42 years$16,169$9,916$5,856$3,357$1,884$924
43 years$15,616$9,448$5,495$3,099$1,710$821
44 years$15,089$9,006$5,158$2,861$1,552$730
45 years$14,588$8,588$4,843$2,643$1,409$649
46 years$14,109$8,193$4,549$2,441$1,279$577
47 years$13,653$7,818$4,273$2,255$1,161$513
48 years$13,216$7,464$4,016$2,084$1,055$456
49 years$12,799$7,127$3,775$1,926$958$406
50 years$12,400$6,808$3,549$1,780$870$361

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 $5,875 every year, while hoping to spend $27,345 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: 45/44/11 Blend
54$12,700,000$12,700,000$12,700,000$12,700,000
55$14,001,460$13,328,360$13,131,510$14,587,586
56$15,400,514$13,952,355$13,542,321$15,618,593
57$16,941,355$14,606,009$13,965,977$16,732,625
58$18,638,417$15,290,747$14,402,881$17,939,982
59$20,507,603$16,008,061$14,853,445$19,249,287
60$22,566,441$16,759,519$15,318,098$20,670,003
61$24,834,243$17,546,760$15,797,279$22,212,514
62$27,332,290$18,371,506$16,291,442$23,888,221
63$30,084,035$19,235,560$16,801,056$25,709,638
64$33,115,318$20,140,814$17,326,604$27,690,508
65$36,454,618$21,089,252$17,868,582$29,845,926
66$40,133,314$22,082,951$18,427,506$32,192,471
67$44,185,989$23,124,091$19,003,903$34,748,357
68$48,650,746$24,214,959$19,598,321$37,533,600
69$53,569,580$25,357,949$20,211,322$40,570,191
70$58,988,762$26,555,574$20,843,486$43,882,305
71$64,959,287$27,810,468$21,495,414$47,496,512
72$71,537,346$29,125,392$22,167,722$51,442,023
73$78,784,861$30,503,242$22,861,047$55,750,954
74$86,770,070$31,947,055$23,576,045$60,458,620
75$95,568,169$33,460,012$24,313,394$65,603,858
76$105,262,022$35,045,452$25,073,792$71,229,378
77$115,942,943$36,706,874$25,857,960$77,382,163
78$127,711,561$38,447,949$26,666,639$84,113,890
79$140,678,764$40,272,523$27,500,596$91,481,414
80$154,966,752$42,184,630$28,360,620$99,547,285
81$170,710,186$44,188,502$29,247,525$108,380,325
82$188,057,459$46,288,573$30,162,152$118,056,268
83$207,172,102$48,489,495$31,105,366$128,658,453
84$228,234,321$50,796,145$32,078,060$140,278,596
85$251,442,702$53,213,637$33,081,156$153,017,642
86$277,016,086$55,747,333$34,115,602$166,986,697
87$305,195,630$58,402,856$35,182,379$182,308,058
88$336,247,092$61,186,103$36,282,495$199,116,350
89$370,463,329$64,103,256$37,416,993$217,559,775
90$408,167,073$67,160,799$38,586,946$237,801,489
91$449,713,967$70,365,532$39,793,462$260,021,120
92$495,495,931$73,724,582$41,037,683$284,416,441
93$545,944,857$77,245,427$42,320,785$311,205,213
94$601,536,685$80,935,906$43,643,985$340,627,212
95$662,795,902$84,804,240$45,008,533$372,946,467
96$730,300,487$88,859,051$46,415,722$408,453,723
97$804,687,371$93,109,379$47,866,883$447,469,161
98$886,658,448$97,564,703$49,363,389$490,345,381
99$976,987,203$102,234,968$50,906,656$537,470,704
100$1,076,526,014$107,130,597$52,498,145$589,272,803