Can I retire at age 55 with 12,800,000?

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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$990,000
2 years$523,273$513,528$504,083$494,925$486,043$455,382
3 years$345,384$335,596$326,175$317,104$308,366$278,695
4 years$256,456$246,699$237,372$228,455$219,929$191,476
5 years$203,114$193,415$184,210$175,476$167,186$140,028
6 years$167,564$157,938$148,869$140,329$132,289$106,449
7 years$142,181$132,636$123,711$115,372$107,586$83,065
8 years$123,152$113,693$104,917$96,783$89,253$66,034
9 years$108,360$98,991$90,365$82,438$75,164$53,223
10 years$96,533$87,255$78,782$71,062$64,044$43,350
11 years$86,863$77,678$69,359$61,845$55,080$35,597
12 years$78,810$69,720$61,554$54,247$47,731$29,420
13 years$72,002$63,006$54,994$47,892$41,622$24,441
14 years$66,171$57,271$49,413$42,513$36,486$20,390
15 years$61,122$52,318$44,613$37,914$32,125$17,068
16 years$56,709$48,001$40,448$33,948$28,392$14,328
17 years$52,819$44,207$36,806$30,502$25,174$12,056
18 years$49,365$40,849$33,599$27,488$22,384$10,164
19 years$46,278$37,859$30,759$24,838$19,951$8,582
20 years$43,503$35,180$28,229$22,496$17,821$7,257
21 years$40,996$32,769$25,965$20,416$15,948$6,143
22 years$38,720$30,589$23,931$18,563$14,295$5,205
23 years$36,645$28,609$22,096$16,906$12,832$4,414
24 years$34,745$26,805$20,435$15,419$11,534$3,745
25 years$33,000$25,155$18,927$14,082$10,378$3,180
26 years$31,392$23,642$17,554$12,875$9,349$2,701
27 years$29,906$22,249$16,300$11,785$8,428$2,296
28 years$28,528$20,966$15,153$10,798$7,605$1,952
29 years$27,248$19,779$14,101$9,902$6,867$1,659
30 years$26,055$18,679$13,135$9,087$6,205$1,412
31 years$24,942$17,658$12,245$8,346$5,610$1,201
32 years$23,900$16,708$11,425$7,670$5,075$1,022
33 years$22,923$15,822$10,668$7,053$4,592$870
34 years$22,006$14,996$9,967$6,490$4,158$740
35 years$21,143$14,224$9,319$5,974$3,766$630
36 years$20,329$13,500$8,717$5,502$3,412$536
37 years$19,562$12,822$8,159$5,069$3,093$457
38 years$18,837$12,186$7,641$4,673$2,804$389
39 years$18,150$11,587$7,159$4,308$2,543$331
40 years$17,500$11,024$6,710$3,974$2,306$282
41 years$16,882$10,494$6,292$3,666$2,092$240
42 years$16,296$9,994$5,902$3,384$1,898$204
43 years$15,739$9,523$5,538$3,123$1,723$174
44 years$15,208$9,077$5,198$2,884$1,564$148
45 years$14,703$8,656$4,881$2,663$1,420$126
46 years$14,220$8,257$4,584$2,460$1,289$108
47 years$13,760$7,880$4,307$2,273$1,171$92
48 years$13,320$7,522$4,047$2,100$1,063$78
49 years$12,900$7,184$3,804$1,941$965$66
50 years$12,497$6,862$3,577$1,794$877$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $12,800,000, adding $5,701 every year, while hoping to spend $36,638 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: 39/33/28 Blend
54$12,800,000$12,800,000$12,800,000$12,800,000
55$14,111,481$13,433,081$13,234,681$14,544,429
56$15,511,869$14,052,319$13,639,060$15,480,600
57$17,053,869$14,700,672$14,055,758$16,488,426
58$18,751,887$15,379,528$14,485,149$17,577,539
59$20,621,796$16,090,341$14,927,617$18,755,378
60$22,681,087$16,834,636$15,383,561$20,030,102
61$24,949,037$17,614,012$15,853,389$21,410,667
62$27,446,883$18,430,143$16,337,522$22,906,904
63$30,198,031$19,284,786$16,836,395$24,529,604
64$33,228,270$20,179,780$17,350,454$26,290,618
65$36,566,019$21,117,056$17,880,160$28,202,962
66$40,242,596$22,098,634$18,425,988$30,280,932
67$44,292,509$23,126,635$18,988,427$32,540,235
68$48,753,786$24,203,282$19,567,980$34,998,129
69$53,668,332$25,330,902$20,165,167$37,673,581
70$59,082,323$26,511,938$20,780,522$40,587,437
71$65,046,646$27,748,949$21,414,596$43,762,612
72$71,617,375$29,044,618$22,067,955$47,224,299
73$78,856,301$30,401,758$22,741,186$51,000,197
74$86,831,517$31,823,318$23,434,889$55,120,766
75$95,618,060$33,312,388$24,149,685$59,619,506
76$105,298,615$34,872,209$24,886,214$64,533,260
77$115,964,305$36,506,178$25,645,132$69,902,556
78$127,715,539$38,217,856$26,427,120$75,771,978
79$140,662,970$40,010,977$27,232,874$82,190,577
80$154,928,533$41,889,454$28,063,115$89,212,323
81$170,646,598$43,857,393$28,918,585$96,896,599
82$187,965,240$45,919,094$29,800,046$105,308,755
83$207,047,633$48,079,068$30,708,286$114,520,710
84$228,073,593$50,342,044$31,644,115$124,611,617
85$251,241,275$52,712,979$32,608,368$135,668,597
86$276,769,042$55,197,072$33,601,905$147,787,546
87$304,897,527$57,799,771$34,625,612$161,074,027
88$335,891,906$60,526,792$35,680,402$175,644,248
89$370,044,400$63,384,123$36,767,214$191,626,147
90$407,677,030$66,378,047$37,887,017$209,160,578
91$449,144,664$69,515,148$39,040,809$228,402,622
92$494,838,360$72,802,331$40,229,617$249,523,038
93$545,189,064$76,246,836$41,454,499$272,709,849
94$600,671,670$79,856,253$42,716,547$298,170,100
95$661,809,512$83,638,541$44,016,883$326,131,788
96$729,179,298$87,602,045$45,356,665$356,845,996
97$803,416,556$91,755,515$46,737,083$390,589,234
98$885,221,635$96,108,126$48,159,365$427,666,030
99$975,366,315$100,669,497$49,624,777$468,411,777
100$1,074,701,093$105,449,716$51,134,621$513,195,869