Can I retire at age 56 with 12,500,000?

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 $12,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$975,048
2 years$511,009$501,492$492,268$483,326$474,651$452,879
3 years$337,289$327,731$318,530$309,671$301,138$279,992
4 years$250,446$240,917$231,808$223,101$214,774$194,418
5 years$198,353$188,882$179,893$171,363$163,268$143,758
6 years$163,636$154,236$145,380$137,040$129,188$110,546
7 years$138,848$129,527$120,812$112,668$105,065$87,293
8 years$120,266$111,029$102,458$94,515$87,161$70,255
9 years$105,820$96,670$88,247$80,506$73,402$57,348
10 years$94,271$85,210$76,936$69,397$62,543$47,324
11 years$84,827$75,858$67,733$60,396$53,789$39,387
12 years$76,963$68,086$60,111$52,975$46,612$33,004
13 years$70,314$61,530$53,705$46,769$40,647$27,808
14 years$64,620$55,929$48,255$41,516$35,631$23,536
15 years$59,690$51,092$43,567$37,025$31,372$19,994
16 years$55,380$46,876$39,500$33,152$27,727$17,038
17 years$51,581$43,171$35,944$29,787$24,584$14,556
18 years$48,208$39,892$32,812$26,844$21,859$12,463
19 years$45,193$36,971$30,038$24,256$19,484$10,691
20 years$42,484$34,356$27,567$21,968$17,403$9,185
21 years$40,035$32,001$25,356$19,938$15,574$7,902
22 years$37,812$29,872$23,370$18,128$13,960$6,805
23 years$35,786$27,938$21,578$16,509$12,531$5,867
24 years$33,931$26,176$19,956$15,058$11,263$5,062
25 years$32,227$24,565$18,483$13,752$10,135$4,370
26 years$30,657$23,087$17,142$12,574$9,129$3,776
27 years$29,205$21,728$15,918$11,509$8,231$3,264
28 years$27,860$20,474$14,798$10,545$7,427$2,823
29 years$26,609$19,315$13,771$9,670$6,706$2,442
30 years$25,445$18,241$12,827$8,874$6,060$2,113
31 years$24,357$17,244$11,958$8,150$5,478$1,829
32 years$23,340$16,316$11,157$7,490$4,956$1,584
33 years$22,386$15,452$10,418$6,888$4,485$1,372
34 years$21,490$14,645$9,734$6,338$4,061$1,188
35 years$20,647$13,890$9,100$5,834$3,678$1,030
36 years$19,853$13,184$8,513$5,373$3,332$892
37 years$19,103$12,522$7,968$4,951$3,020$773
38 years$18,395$11,900$7,462$4,563$2,738$670
39 years$17,725$11,316$6,991$4,207$2,483$581
40 years$17,089$10,766$6,552$3,881$2,252$504
41 years$16,487$10,248$6,144$3,580$2,043$437
42 years$15,914$9,760$5,763$3,304$1,854$378
43 years$15,370$9,299$5,408$3,050$1,683$328
44 years$14,852$8,864$5,077$2,816$1,527$284
45 years$14,358$8,453$4,767$2,601$1,387$247
46 years$13,887$8,064$4,477$2,403$1,259$214
47 years$13,438$7,695$4,206$2,220$1,143$185
48 years$13,008$7,346$3,953$2,051$1,038$161
49 years$12,597$7,015$3,715$1,896$943$139
50 years$12,204$6,701$3,493$1,752$856$121

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $12,500,000, adding $4,140 every year, while hoping to spend $39,197 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: 48/27/25 Blend
55$12,500,000$12,500,000$12,500,000$12,500,000
56$13,779,270$13,116,770$12,923,020$14,342,430
57$15,143,051$13,717,787$13,314,236$15,338,366
58$16,644,623$14,346,939$13,717,244$16,415,052
59$18,298,000$15,005,565$14,132,398$17,583,526
60$20,118,624$15,695,066$14,560,061$18,852,447
61$22,123,510$16,416,911$15,000,609$20,231,328
62$24,331,407$17,172,638$15,454,429$21,730,622
63$26,762,976$17,963,863$15,921,917$23,361,819
64$29,440,982$18,792,274$16,403,484$25,137,544
65$32,390,513$19,659,646$16,899,551$27,071,680
66$35,639,211$20,567,835$17,410,553$29,179,487
67$39,217,541$21,518,789$17,936,936$31,477,746
68$43,159,069$22,514,549$18,479,162$33,984,910
69$47,500,784$23,557,252$19,037,705$36,721,272
70$52,283,449$24,649,142$19,613,053$39,709,157
71$57,551,980$25,792,569$20,205,708$42,973,117
72$63,355,872$26,989,995$20,816,190$46,540,168
73$69,749,670$28,244,004$21,445,031$50,440,028
74$76,793,477$29,557,301$22,092,781$54,705,400
75$84,553,527$30,932,723$22,760,004$59,372,268
76$93,102,805$32,373,246$23,447,283$64,480,231
77$102,521,743$33,881,986$24,155,218$70,072,873
78$112,898,969$35,462,212$24,884,426$76,198,159
79$124,332,152$37,117,349$25,635,543$82,908,888
80$136,928,921$38,850,988$26,409,223$90,263,176
81$150,807,879$40,666,895$27,206,141$98,325,002
82$166,099,726$42,569,016$28,026,989$107,164,797
83$182,948,488$44,561,488$28,872,484$116,860,102
84$201,512,882$46,648,649$29,743,360$127,496,291
85$221,967,809$48,835,046$30,640,376$139,167,363
86$244,506,008$51,125,445$31,564,311$151,976,821
87$269,339,874$53,524,845$32,515,968$166,038,637
88$296,703,463$56,038,484$33,496,175$181,478,315
89$326,854,702$58,671,856$34,505,783$198,434,064
90$360,077,823$61,430,719$35,545,668$217,058,090
91$396,686,047$64,321,110$36,616,734$237,518,016
92$437,024,539$67,349,359$37,719,909$259,998,454
93$481,473,667$70,522,103$38,856,151$284,702,733
94$530,452,594$73,846,299$40,026,445$311,854,796
95$584,423,233$77,329,242$41,231,805$341,701,305
96$643,894,608$80,978,580$42,473,276$374,513,952
97$709,427,659$84,802,332$43,751,932$410,592,000
98$781,640,540$88,808,905$45,068,881$450,265,094
99$861,214,449$93,007,115$46,425,263$493,896,354
100$948,900,064$97,406,205$47,822,250$541,885,779