Can I retire at age 56 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%18.6%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$977,562
2 years$519,185$509,516$500,145$491,059$482,246$447,192
3 years$342,685$332,974$323,627$314,626$305,956$272,105
4 years$254,453$244,771$235,517$226,670$218,211$185,819
5 years$201,527$191,904$182,771$174,105$165,880$135,035
6 years$166,255$156,704$147,706$139,233$131,255$101,980
7 years$141,070$131,600$122,745$114,471$106,746$79,034
8 years$122,190$112,805$104,097$96,027$88,556$62,387
9 years$107,513$98,217$89,659$81,794$74,577$49,917
10 years$95,779$86,574$78,167$70,507$63,543$40,351
11 years$86,184$77,071$68,817$61,362$54,649$32,878
12 years$78,195$69,175$61,073$53,823$47,358$26,958
13 years$71,439$62,514$54,565$47,517$41,297$22,213
14 years$65,654$56,824$49,027$42,181$36,201$18,378
15 years$60,645$51,909$44,264$37,618$31,874$15,254
16 years$56,266$47,626$40,132$33,683$28,170$12,694
17 years$52,406$43,862$36,519$30,264$24,978$10,588
18 years$48,979$40,530$33,337$27,274$22,209$8,846
19 years$45,916$37,563$30,518$24,644$19,795$7,403
20 years$43,163$34,905$28,008$22,320$17,682$6,202
21 years$40,676$32,513$25,762$20,257$15,823$5,201
22 years$38,417$30,350$23,744$18,418$14,183$4,366
23 years$36,358$28,385$21,923$16,774$12,732$3,668
24 years$34,474$26,595$20,275$15,299$11,443$3,083
25 years$32,743$24,958$18,779$13,972$10,297$2,592
26 years$31,147$23,457$17,417$12,775$9,276$2,181
27 years$29,672$22,076$16,173$11,693$8,363$1,835
28 years$28,306$20,802$15,035$10,713$7,546$1,545
29 years$27,035$19,624$13,991$9,824$6,814$1,301
30 years$25,852$18,533$13,032$9,016$6,157$1,096
31 years$24,747$17,520$12,150$8,281$5,566$923
32 years$23,713$16,577$11,336$7,610$5,035$778
33 years$22,744$15,699$10,584$6,998$4,557$655
34 years$21,834$14,879$9,889$6,439$4,126$552
35 years$20,977$14,112$9,246$5,927$3,737$465
36 years$20,171$13,395$8,649$5,459$3,386$392
37 years$19,409$12,722$8,095$5,030$3,068$331
38 years$18,689$12,090$7,581$4,636$2,782$279
39 years$18,008$11,497$7,103$4,275$2,523$235
40 years$17,363$10,938$6,657$3,943$2,288$198
41 years$16,751$10,412$6,242$3,638$2,076$167
42 years$16,169$9,916$5,856$3,357$1,884$141
43 years$15,616$9,448$5,495$3,099$1,710$119
44 years$15,089$9,006$5,158$2,861$1,552$100
45 years$14,588$8,588$4,843$2,643$1,409$84
46 years$14,109$8,193$4,549$2,441$1,279$71
47 years$13,653$7,818$4,273$2,255$1,161$60
48 years$13,216$7,464$4,016$2,084$1,055$51
49 years$12,799$7,127$3,775$1,926$958$43
50 years$12,400$6,808$3,549$1,780$870$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $12,700,000, adding $3,854 every year, while hoping to spend $33,462 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: 39/50/11 Blend
55$12,700,000$12,700,000$12,700,000$12,700,000
56$13,999,375$13,326,275$13,129,425$14,498,632
57$15,391,708$13,943,660$13,533,658$15,469,492
58$16,924,938$14,590,174$13,950,311$16,514,983
59$18,613,400$15,267,211$14,379,764$17,644,657
60$20,472,892$15,976,229$14,822,412$18,866,113
61$22,520,821$16,718,759$15,278,657$20,187,681
62$24,776,369$17,496,403$15,748,916$21,618,492
63$27,260,674$18,310,841$16,233,620$23,168,562
64$29,997,027$19,163,837$16,733,210$24,848,876
65$33,011,094$20,057,235$17,248,143$26,671,484
66$36,331,159$20,992,973$17,778,889$28,649,612
67$39,988,388$21,973,080$18,325,933$30,797,773
68$44,017,125$22,999,682$18,889,773$33,131,901
69$48,455,216$24,075,010$19,470,925$35,669,488
70$53,344,364$25,201,403$20,069,917$38,429,747
71$58,730,528$26,381,310$20,687,298$41,433,774
72$64,664,349$27,617,301$21,323,629$44,704,748
73$71,201,634$28,912,070$21,979,492$48,268,132
74$78,403,879$30,268,441$22,655,484$52,151,905
75$86,338,854$31,689,373$23,352,222$56,386,815
76$95,081,236$33,177,972$24,070,341$61,006,659
77$104,713,320$34,737,490$24,810,495$66,048,584
78$115,325,791$36,371,339$25,573,358$71,553,434
79$127,018,582$38,083,095$26,359,627$77,566,111
80$139,901,820$39,876,509$27,170,016$84,135,995
81$154,096,859$41,755,511$28,005,265$91,317,386
82$169,737,431$43,724,224$28,866,134$99,170,009
83$186,970,906$45,786,968$29,753,407$107,759,557
84$205,959,684$47,948,275$30,667,892$117,158,293
85$226,882,727$50,212,895$31,610,421$127,445,719
86$249,937,247$52,585,809$32,581,852$138,709,303
87$275,340,571$55,072,239$33,583,069$151,045,286
88$303,332,190$57,677,660$34,614,983$164,559,574
89$334,176,022$60,407,813$35,678,533$179,368,711
90$368,162,899$63,268,718$36,774,686$195,600,957
91$405,613,316$66,266,687$37,904,440$213,397,480
92$446,880,456$69,408,337$39,068,821$232,913,659
93$492,353,524$72,700,607$40,268,888$254,320,525
94$542,461,420$76,150,774$41,505,732$277,806,352
95$597,676,788$79,766,465$42,780,477$303,578,403
96$658,520,480$83,555,680$44,094,282$331,864,856
97$725,566,468$87,526,808$45,448,340$362,916,929
98$799,447,270$91,688,644$46,843,881$397,011,218
99$880,859,913$96,050,409$48,282,173$434,452,274
100$970,572,521$100,621,776$49,764,523$475,575,441