Can I retire at age 55 with 10,300,000?

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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$850,564$842,988$835,596$828,381$821,336$795,045
2 years$421,071$413,229$405,629$398,260$391,113$364,867
3 years$277,926$270,050$262,469$255,169$248,138$222,762
4 years$206,367$198,515$191,010$183,835$176,974$152,661
5 years$163,443$155,638$148,232$141,203$134,533$111,349
6 years$134,836$127,090$119,793$112,921$106,451$84,416
7 years$114,411$106,730$99,549$92,839$86,573$65,684
8 years$99,099$91,488$84,425$77,880$71,821$52,064
9 years$87,196$79,656$72,715$66,337$60,484$41,835
10 years$77,679$70,213$63,395$57,183$51,535$33,968
11 years$69,898$62,507$55,812$49,766$44,322$27,803
12 years$63,418$56,103$49,532$43,652$38,408$22,903
13 years$57,939$50,700$44,253$38,538$33,493$18,962
14 years$53,247$46,085$39,762$34,210$29,360$15,764
15 years$49,184$42,100$35,900$30,509$25,851$13,150
16 years$45,633$38,626$32,548$27,317$22,847$10,999
17 years$42,503$35,573$29,618$24,544$20,258$9,221
18 years$39,723$32,871$27,037$22,120$18,012$7,745
19 years$37,239$30,464$24,751$19,987$16,055$6,515
20 years$35,006$28,309$22,715$18,102$14,340$5,488
21 years$32,989$26,369$20,894$16,429$12,833$4,628
22 years$31,157$24,614$19,257$14,937$11,503$3,906
23 years$29,487$23,021$17,780$13,604$10,326$3,299
24 years$27,959$21,569$16,444$12,407$9,281$2,788
25 years$26,555$20,242$15,230$11,331$8,351$2,358
26 years$25,261$19,024$14,125$10,361$7,523$1,995
27 years$24,065$17,904$13,116$9,483$6,782$1,688
28 years$22,956$16,871$12,193$8,689$6,120$1,430
29 years$21,926$15,916$11,347$7,968$5,526$1,211
30 years$20,966$15,031$10,569$7,312$4,993$1,026
31 years$20,070$14,209$9,854$6,716$4,514$869
32 years$19,232$13,444$9,194$6,172$4,083$736
33 years$18,446$12,732$8,584$5,676$3,696$624
34 years$17,708$12,067$8,020$5,222$3,346$529
35 years$17,013$11,446$7,499$4,807$3,030$448
36 years$16,359$10,863$7,015$4,427$2,746$380
37 years$15,741$10,318$6,566$4,079$2,489$322
38 years$15,158$9,806$6,148$3,760$2,256$273
39 years$14,605$9,324$5,760$3,467$2,046$232
40 years$14,082$8,871$5,399$3,198$1,856$196
41 years$13,585$8,445$5,063$2,950$1,684$167
42 years$13,113$8,042$4,749$2,723$1,528$141
43 years$12,665$7,663$4,456$2,513$1,386$120
44 years$12,238$7,304$4,183$2,321$1,258$102
45 years$11,831$6,965$3,928$2,143$1,142$86
46 years$11,443$6,644$3,689$1,980$1,037$73
47 years$11,073$6,341$3,466$1,829$942$62
48 years$10,719$6,053$3,257$1,690$855$53
49 years$10,380$5,780$3,061$1,562$777$45
50 years$10,056$5,522$2,878$1,444$706$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $10,300,000, adding $6,450 every year, while hoping to spend $46,070 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: 40/36/24 Blend
54$10,300,000$10,300,000$10,300,000$10,300,000
55$11,357,253$10,811,353$10,651,703$11,730,683
56$12,466,675$11,292,091$10,959,517$12,481,313
57$13,687,714$11,794,842$11,276,099$13,288,033
58$15,031,705$12,320,634$11,601,693$14,159,891
59$16,511,142$12,870,547$11,936,552$15,102,864
60$18,139,786$13,445,712$12,280,934$16,123,508
61$19,932,803$14,047,311$12,635,105$17,229,023
62$21,906,906$14,676,586$12,999,338$18,427,311
63$24,080,507$15,334,835$13,373,912$19,727,049
64$26,473,897$16,023,420$13,759,116$21,137,766
65$29,109,433$16,743,767$14,155,246$22,669,930
66$32,011,754$17,497,370$14,562,605$24,335,040
67$35,208,005$18,285,794$14,981,505$26,145,732
68$38,728,102$19,110,678$15,412,266$28,115,890
69$42,605,009$19,973,742$15,855,217$30,260,777
70$46,875,050$20,876,785$16,310,696$32,597,167
71$51,578,251$21,821,693$16,779,051$35,143,502
72$56,758,720$22,810,443$17,260,636$37,920,060
73$62,465,060$23,845,106$17,755,819$40,949,139
74$68,750,831$24,927,852$18,264,974$44,255,259
75$75,675,053$26,060,953$18,788,487$47,865,392
76$83,302,762$27,246,793$19,326,754$51,809,204
77$91,705,625$28,487,868$19,880,183$56,119,329
78$100,962,620$29,786,794$20,449,190$60,831,672
79$111,160,773$31,146,313$21,034,203$65,985,736
80$122,395,986$32,569,296$21,635,663$71,624,989
81$134,773,941$34,058,756$22,254,022$77,797,265
82$148,411,094$35,617,847$22,889,744$84,555,205
83$163,435,779$37,249,875$23,543,303$91,956,744
84$179,989,414$38,958,304$24,215,190$100,065,649
85$198,227,841$40,746,768$24,905,905$108,952,113
86$218,322,791$42,619,070$25,615,964$118,693,398
87$240,463,512$44,579,200$26,345,894$129,374,564
88$264,858,547$46,631,338$27,096,239$141,089,249
89$291,737,711$48,779,865$27,867,554$153,940,548
90$321,354,252$51,029,373$28,660,412$168,041,969
91$353,987,248$53,384,675$29,475,398$183,518,494
92$389,944,238$55,850,814$30,313,115$200,507,739
93$429,564,125$58,433,079$31,174,179$219,161,244
94$473,220,376$61,137,010$32,059,224$239,645,882
95$521,324,547$63,968,417$32,968,901$262,145,422
96$574,330,168$66,933,386$33,903,876$286,862,246
97$632,737,023$70,038,300$34,864,834$314,019,239
98$697,095,871$73,289,848$35,852,478$343,861,875
99$768,013,641$76,695,042$36,867,527$376,660,516
100$846,159,164$80,261,231$37,910,721$412,712,941