Can I retire at age 56 with 12,600,000?

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 $12,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$990,955
2 years$515,097$505,504$496,207$487,192$478,448$464,583
3 years$339,987$330,352$321,079$312,149$303,547$290,034
4 years$252,449$242,844$233,663$224,886$216,493$203,435
5 years$199,940$190,393$181,332$172,734$164,574$152,011
6 years$164,946$155,470$146,543$138,137$130,222$118,168
7 years$139,959$130,563$121,778$113,570$105,905$94,365
8 years$121,228$111,917$103,277$95,271$87,859$76,830
9 years$106,667$97,444$88,953$81,150$73,990$63,468
10 years$95,025$85,892$77,551$69,952$63,043$53,021
11 years$85,506$76,465$68,275$60,879$54,219$44,686
12 years$77,579$68,630$60,592$53,399$46,985$37,931
13 years$70,877$62,022$54,135$47,143$40,972$32,384
14 years$65,137$56,376$48,641$41,849$35,916$27,781
15 years$60,167$51,501$43,916$37,322$31,623$23,928
16 years$55,823$47,251$39,816$33,417$27,949$20,679
17 years$51,993$43,516$36,231$30,025$24,781$17,921
18 years$48,593$40,211$33,074$27,059$22,034$15,569
19 years$45,555$37,267$30,278$24,450$19,640$13,553
20 years$42,823$34,630$27,788$22,144$17,542$11,820
21 years$40,355$32,257$25,559$20,097$15,698$10,324
22 years$38,115$30,111$23,557$18,273$14,071$9,029
23 years$36,072$28,162$21,751$16,642$12,631$7,905
24 years$34,202$26,386$20,116$15,178$11,353$6,928
25 years$32,485$24,762$18,631$13,862$10,216$6,078
26 years$30,902$23,272$17,279$12,674$9,202$5,335
27 years$29,439$21,902$16,045$11,601$8,297$4,687
28 years$28,083$20,638$14,916$10,629$7,486$4,119
29 years$26,822$19,470$13,881$9,747$6,760$3,623
30 years$25,648$18,387$12,930$8,945$6,108$3,187
31 years$24,552$17,382$12,054$8,216$5,522$2,805
32 years$23,526$16,447$11,246$7,550$4,995$2,470
33 years$22,565$15,575$10,501$6,943$4,521$2,175
34 years$21,662$14,762$9,811$6,388$4,093$1,916
35 years$20,812$14,001$9,173$5,881$3,707$1,688
36 years$20,012$13,289$8,581$5,416$3,359$1,488
37 years$19,256$12,622$8,032$4,990$3,044$1,311
38 years$18,542$11,995$7,521$4,600$2,760$1,156
39 years$17,867$11,406$7,047$4,241$2,503$1,019
40 years$17,226$10,852$6,605$3,912$2,270$899
41 years$16,619$10,330$6,193$3,609$2,060$793
42 years$16,042$9,838$5,810$3,331$1,869$699
43 years$15,493$9,374$5,451$3,075$1,696$617
44 years$14,971$8,935$5,117$2,839$1,540$544
45 years$14,473$8,520$4,805$2,622$1,398$480
46 years$13,998$8,128$4,513$2,422$1,269$423
47 years$13,545$7,757$4,240$2,237$1,152$374
48 years$13,112$7,405$3,984$2,068$1,046$330
49 years$12,698$7,071$3,745$1,911$950$291
50 years$12,302$6,755$3,521$1,766$863$257

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $12,600,000, adding $6,674 every year, while hoping to spend $42,504 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: 86/5/9 Blend
55$12,600,000$12,600,000$12,600,000$12,600,000
56$13,892,084$13,224,284$13,028,984$15,070,669
57$15,263,853$13,827,050$13,420,231$16,443,584
58$16,774,117$14,457,927$13,823,161$17,945,593
59$18,436,959$15,118,248$14,238,119$19,594,870
60$20,267,896$15,809,408$14,665,462$21,406,227
61$22,284,024$16,532,872$15,105,558$23,395,979
62$24,504,185$17,290,173$15,558,784$25,582,097
63$26,949,138$18,082,918$16,025,530$27,984,377
64$29,641,761$18,912,792$16,506,196$30,624,626
65$32,607,262$19,781,560$17,001,195$33,526,864
66$35,873,417$20,691,071$17,510,950$36,717,554
67$39,470,838$21,643,266$18,035,898$40,225,847
68$43,433,253$22,640,175$18,576,490$44,083,859
69$47,797,830$23,683,929$19,133,188$48,326,969
70$52,605,527$24,776,761$19,706,469$52,994,156
71$57,901,478$25,921,009$20,296,823$58,128,360
72$63,735,417$27,119,126$20,904,754$63,776,893
73$70,162,148$28,373,682$21,530,782$69,991,878
74$77,242,067$29,687,372$22,175,443$76,830,743
75$85,041,724$31,063,019$22,839,286$84,356,759
76$93,634,456$32,503,584$23,522,879$92,639,637
77$103,101,079$34,012,167$24,226,803$101,756,185
78$113,530,648$35,592,023$24,951,661$111,791,029
79$125,021,301$37,246,559$25,698,069$122,837,413
80$137,681,183$38,979,350$26,466,663$134,998,074
81$151,629,465$40,794,139$27,258,097$148,386,212
82$166,997,473$42,694,855$28,073,046$163,126,555
83$183,929,925$44,685,612$28,912,203$179,356,536
84$202,586,296$46,770,726$29,776,281$197,227,586
85$223,142,326$48,954,720$30,666,014$216,906,563
86$245,791,677$51,242,334$31,582,158$238,577,322
87$270,747,759$53,638,539$32,525,492$262,442,451
88$298,245,749$56,148,547$33,496,815$288,725,181
89$328,544,809$58,777,819$34,496,952$317,671,486
90$361,930,530$61,532,082$35,526,750$349,552,407
91$398,717,630$64,417,340$36,587,082$384,666,606
92$439,252,924$67,439,886$37,678,845$423,343,179
93$483,918,601$70,606,320$38,802,966$465,944,767
94$533,135,827$73,923,557$39,960,393$512,870,968
95$587,368,721$77,398,851$41,152,106$564,562,112
96$647,128,741$81,039,806$42,379,112$621,503,408
97$712,979,509$84,854,392$43,642,448$684,229,526
98$785,542,129$88,850,968$44,943,180$753,329,639
99$865,501,056$93,038,295$46,282,407$829,452,980
100$953,610,552$97,425,560$47,661,256$913,314,967