Can I retire at age 55 with 10,000,000?

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 $10,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$825,791$818,435$811,258$804,254$797,414$787,776
2 years$408,807$401,194$393,815$386,660$379,721$370,022
3 years$269,831$262,184$254,824$247,737$240,911$231,451
4 years$200,356$192,733$185,447$178,481$171,819$162,673
5 years$158,683$151,105$143,914$137,090$130,614$121,807
6 years$130,909$123,389$116,304$109,632$103,351$94,893
7 years$111,079$103,622$96,649$90,135$84,052$75,948
8 years$96,213$88,823$81,966$75,612$69,729$61,977
9 years$84,656$77,336$70,598$64,404$58,722$51,320
10 years$75,417$68,168$61,549$55,517$50,034$42,976
11 years$67,862$60,686$54,186$48,317$43,031$36,311
12 years$61,571$54,469$48,089$42,380$37,290$30,901
13 years$56,251$49,224$42,964$37,415$32,517$26,451
14 years$51,696$44,743$38,604$33,213$28,505$22,752
15 years$47,752$40,874$34,854$29,620$25,098$19,650
16 years$44,304$37,501$31,600$26,522$22,181$17,028
17 years$41,265$34,537$28,755$23,830$19,668$14,799
18 years$38,566$31,914$26,250$21,475$17,487$12,894
19 years$36,155$29,577$24,030$19,405$15,587$11,257
20 years$33,987$27,484$22,054$17,575$13,923$9,846
21 years$32,028$25,601$20,285$15,950$12,459$8,626
22 years$30,250$23,897$18,696$14,502$11,168$7,567
23 years$28,629$22,351$17,262$13,208$10,025$6,646
24 years$27,145$20,941$15,965$12,046$9,011$5,843
25 years$25,782$19,652$14,787$11,001$8,108$5,141
26 years$24,525$18,470$13,714$10,059$7,304$4,528
27 years$23,364$17,382$12,734$9,207$6,585$3,990
28 years$22,288$16,379$11,838$8,436$5,942$3,518
29 years$21,288$15,452$11,017$7,736$5,365$3,104
30 years$20,356$14,593$10,262$7,099$4,848$2,740
31 years$19,486$13,795$9,567$6,520$4,383$2,419
32 years$18,672$13,053$8,926$5,992$3,965$2,137
33 years$17,909$12,361$8,334$5,510$3,588$1,888
34 years$17,192$11,716$7,787$5,070$3,248$1,669
35 years$16,518$11,112$7,280$4,667$2,942$1,476
36 years$15,882$10,547$6,810$4,298$2,666$1,305
37 years$15,283$10,017$6,374$3,960$2,416$1,154
38 years$14,716$9,520$5,969$3,650$2,190$1,021
39 years$14,180$9,053$5,593$3,366$1,986$903
40 years$13,672$8,613$5,242$3,105$1,802$799
41 years$13,189$8,199$4,915$2,864$1,635$707
42 years$12,731$7,808$4,611$2,643$1,483$626
43 years$12,296$7,439$4,327$2,440$1,346$554
44 years$11,881$7,091$4,061$2,253$1,222$490
45 years$11,486$6,762$3,813$2,081$1,109$434
46 years$11,110$6,451$3,582$1,922$1,007$384
47 years$10,750$6,156$3,365$1,776$914$340
48 years$10,406$5,877$3,162$1,641$830$301
49 years$10,078$5,612$2,972$1,516$754$267
50 years$9,763$5,361$2,794$1,402$685$236

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $10,000,000, adding $2,284 every year, while hoping to spend $51,931 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: 79/6/15 Blend
54$10,000,000$10,000,000$10,000,000$10,000,000
55$11,022,356$10,492,356$10,337,356$11,858,572
56$12,091,382$10,951,227$10,628,403$12,868,346
57$13,267,708$11,430,843$10,927,460$13,969,135
58$14,562,225$11,932,164$11,234,740$15,175,463
59$15,986,930$12,456,198$11,550,462$16,497,874
60$17,555,044$13,004,000$11,874,850$17,947,980
61$19,281,136$13,576,673$12,208,135$19,538,567
62$21,181,257$14,175,375$12,550,553$21,283,720
63$23,273,094$14,801,317$12,902,345$23,198,950
64$25,576,136$15,455,768$13,263,759$25,301,343
65$28,111,857$16,140,056$13,635,051$27,609,717
66$30,903,921$16,855,573$14,016,479$30,144,801
67$33,978,402$17,603,777$14,408,312$32,929,429
68$37,364,032$18,386,195$14,810,824$35,988,752
69$41,092,470$19,204,426$15,224,294$39,350,478
70$45,198,605$20,060,146$15,649,011$43,045,128
71$49,720,879$20,955,109$16,085,269$47,106,327
72$54,701,653$21,891,154$16,533,370$51,571,116
73$60,187,608$22,870,206$16,993,623$56,480,304
74$66,230,180$23,894,283$17,466,347$61,878,847
75$72,886,054$24,965,498$17,951,864$67,816,277
76$80,217,689$26,086,065$18,450,509$74,347,160
77$88,293,915$27,258,304$18,962,623$81,531,618
78$97,190,577$28,484,643$19,488,553$89,435,888
79$106,991,255$29,767,630$20,028,659$98,132,949
80$117,788,050$31,109,931$20,583,307$107,703,206
81$129,682,455$32,514,342$21,152,871$118,235,251
82$142,786,310$33,983,789$21,737,736$129,826,696
83$157,222,859$35,521,340$22,338,297$142,585,088
84$173,127,916$37,130,211$22,954,955$156,628,927
85$190,651,140$38,813,768$23,588,123$172,088,784
86$209,957,455$40,575,542$24,238,223$189,108,522
87$231,228,601$42,419,229$24,905,689$207,846,663
88$254,664,852$44,348,704$25,590,963$228,477,873
89$280,486,905$46,368,029$26,294,498$251,194,613
90$308,937,963$48,481,456$27,016,758$276,208,952
91$340,286,034$50,693,446$27,758,218$303,754,564
92$374,826,454$53,008,669$28,519,363$334,088,936
93$412,884,681$55,432,023$29,300,690$367,495,790
94$454,819,364$57,968,638$30,102,709$404,287,759
95$501,025,729$60,623,891$30,925,939$444,809,340
96$551,939,309$63,403,417$31,770,914$489,440,136
97$608,040,056$66,313,122$32,638,177$538,598,442
98$669,856,871$69,359,195$33,528,286$592,745,184
99$737,972,600$72,548,123$34,441,811$652,388,272
100$813,029,527$75,886,703$35,379,334$718,087,386