Can I retire at age 55 with 12,900,000?

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 $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$994,542
2 years$527,361$517,540$508,021$498,792$489,840$455,794
3 years$348,082$338,218$328,723$319,581$310,775$277,873
4 years$258,460$248,626$239,226$230,240$221,647$190,142
5 years$204,701$194,926$185,649$176,846$168,493$138,468
6 years$168,873$159,172$150,032$141,425$133,322$104,802
7 years$143,292$133,672$124,678$116,274$108,427$81,408
8 years$124,114$114,582$105,736$97,539$89,951$64,412
9 years$109,207$99,764$91,071$83,082$75,751$51,663
10 years$97,287$87,937$79,398$71,617$64,544$41,868
11 years$87,542$78,285$69,900$62,328$55,510$34,203
12 years$79,426$70,265$62,035$54,670$48,104$28,119
13 years$72,564$63,499$55,424$48,266$41,947$23,233
14 years$66,688$57,718$49,799$42,845$36,771$19,275
15 years$61,600$52,727$44,962$38,210$32,376$16,044
16 years$57,152$48,376$40,764$34,213$28,614$13,391
17 years$53,231$44,552$37,094$30,740$25,371$11,201
18 years$49,750$41,168$33,862$27,703$22,559$9,387
19 years$46,639$38,154$30,999$25,032$20,107$7,879
20 years$43,843$35,455$28,449$22,671$17,960$6,621
21 years$41,316$33,025$26,168$20,576$16,072$5,570
22 years$39,022$30,828$24,118$18,708$14,407$4,691
23 years$36,931$28,832$22,268$17,038$12,932$3,953
24 years$35,017$27,014$20,595$15,539$11,624$3,333
25 years$33,258$25,351$19,075$14,192$10,460$2,812
26 years$31,638$23,826$17,691$12,976$9,422$2,373
27 years$30,140$22,423$16,427$11,877$8,494$2,004
28 years$28,751$21,129$15,271$10,882$7,665$1,692
29 years$27,461$19,933$14,211$9,979$6,921$1,430
30 years$26,259$18,825$13,237$9,158$6,254$1,208
31 years$25,136$17,796$12,341$8,411$5,654$1,021
32 years$24,086$16,838$11,514$7,730$5,114$863
33 years$23,102$15,946$10,751$7,108$4,628$730
34 years$22,178$15,113$10,045$6,540$4,190$617
35 years$21,308$14,335$9,391$6,021$3,795$522
36 years$20,488$13,606$8,785$5,545$3,439$441
37 years$19,715$12,922$8,223$5,109$3,117$373
38 years$18,984$12,281$7,700$4,709$2,826$315
39 years$18,292$11,678$7,214$4,342$2,562$267
40 years$17,636$11,111$6,762$4,005$2,324$226
41 years$17,014$10,576$6,341$3,695$2,109$191
42 years$16,424$10,072$5,948$3,410$1,913$161
43 years$15,862$9,597$5,581$3,148$1,736$137
44 years$15,327$9,148$5,239$2,907$1,576$116
45 years$14,817$8,723$4,919$2,684$1,431$98
46 years$14,332$8,322$4,620$2,479$1,299$83
47 years$13,868$7,941$4,341$2,291$1,180$70
48 years$13,424$7,581$4,079$2,117$1,071$59
49 years$13,001$7,240$3,834$1,956$973$50
50 years$12,595$6,916$3,605$1,808$884$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $12,900,000, adding $6,508 every year, while hoping to spend $23,539 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: 57/17/26 Blend
54$12,900,000$12,900,000$12,900,000$12,900,000
55$14,222,513$13,538,813$13,338,863$14,931,887
56$15,648,164$14,177,170$13,760,670$16,056,965
57$17,218,443$14,846,017$14,195,818$17,279,583
58$18,948,076$15,546,823$14,644,730$18,611,698
59$20,853,292$16,281,130$15,107,841$20,063,895
60$22,951,974$17,050,552$15,585,600$21,647,816
61$25,263,829$17,856,783$16,078,471$23,376,267
62$27,810,572$18,701,598$16,586,932$25,263,331
63$30,616,133$19,586,858$17,111,477$27,324,506
64$33,706,880$20,514,516$17,652,613$29,576,840
65$37,111,873$21,486,618$18,210,866$32,039,091
66$40,863,131$22,505,310$18,786,778$34,731,902
67$44,995,943$23,572,842$19,380,907$37,677,988
68$49,549,191$24,691,574$19,993,830$40,902,351
69$54,565,726$25,863,979$20,626,141$44,432,507
70$60,092,767$27,092,651$21,278,453$48,298,743
71$66,182,349$28,380,310$21,951,401$52,534,400
72$72,891,811$29,729,808$22,645,635$57,176,180
73$80,284,343$31,144,135$23,361,831$62,264,489
74$88,429,576$32,626,428$24,100,683$67,843,810
75$97,404,245$34,179,975$24,862,908$73,963,123
76$107,292,907$35,808,223$25,649,244$80,676,357
77$118,188,746$37,514,788$26,460,457$88,042,892
78$130,194,448$39,303,462$27,297,331$96,128,118
79$143,423,170$41,178,221$28,160,680$105,004,041
80$157,999,612$43,143,232$29,051,342$114,749,958
81$174,061,190$45,202,868$29,970,179$125,453,199
82$191,759,336$47,361,713$30,918,085$137,209,940
83$211,260,926$49,624,575$31,895,979$150,126,107
84$232,749,855$51,996,494$32,904,809$164,318,367
85$256,428,776$54,482,757$33,945,555$179,915,220
86$282,521,006$57,088,908$35,019,227$197,058,201
87$311,272,644$59,820,760$36,126,866$215,903,210
88$342,954,886$62,684,409$37,269,548$236,621,973
89$377,866,588$65,686,248$38,448,381$259,403,651
90$416,337,088$68,832,982$39,664,510$284,456,619
91$458,729,314$72,131,642$40,919,115$312,010,418
92$505,443,212$75,589,600$42,213,412$342,317,909
93$556,919,517$79,214,588$43,548,660$375,657,655
94$613,643,921$83,014,716$44,926,152$412,336,532
95$676,151,650$86,998,486$46,347,227$452,692,612
96$745,032,522$91,174,816$47,813,264$497,098,346
97$820,936,516$95,553,058$49,325,685$545,964,060
98$904,579,904$100,143,021$50,885,958$599,741,818
99$996,752,015$104,954,990$52,495,598$658,929,671
100$1,098,322,687$109,999,751$54,156,168$724,076,342