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%12.2%
1 years$850,564$842,988$835,596$828,381$821,336$813,775
2 years$421,071$413,229$405,629$398,260$391,113$383,494
3 years$277,926$270,050$262,469$255,169$248,138$240,699
4 years$206,367$198,515$191,010$183,835$176,974$169,772
5 years$163,443$155,638$148,232$141,203$134,533$127,588
6 years$134,836$127,090$119,793$112,921$106,451$99,773
7 years$114,411$106,730$99,549$92,839$86,573$80,164
8 years$99,099$91,488$84,425$77,880$71,821$65,681
9 years$87,196$79,656$72,715$66,337$60,484$54,611
10 years$77,679$70,213$63,395$57,183$51,535$45,926
11 years$69,898$62,507$55,812$49,766$44,322$38,972
12 years$63,418$56,103$49,532$43,652$38,408$33,312
13 years$57,939$50,700$44,253$38,538$33,493$28,645
14 years$53,247$46,085$39,762$34,210$29,360$24,754
15 years$49,184$42,100$35,900$30,509$25,851$21,480
16 years$45,633$38,626$32,548$27,317$22,847$18,704
17 years$42,503$35,573$29,618$24,544$20,258$16,336
18 years$39,723$32,871$27,037$22,120$18,012$14,304
19 years$37,239$30,464$24,751$19,987$16,055$12,552
20 years$35,006$28,309$22,715$18,102$14,340$11,035
21 years$32,989$26,369$20,894$16,429$12,833$9,718
22 years$31,157$24,614$19,257$14,937$11,503$8,570
23 years$29,487$23,021$17,780$13,604$10,326$7,567
24 years$27,959$21,569$16,444$12,407$9,281$6,689
25 years$26,555$20,242$15,230$11,331$8,351$5,918
26 years$25,261$19,024$14,125$10,361$7,523$5,241
27 years$24,065$17,904$13,116$9,483$6,782$4,644
28 years$22,956$16,871$12,193$8,689$6,120$4,118
29 years$21,926$15,916$11,347$7,968$5,526$3,654
30 years$20,966$15,031$10,569$7,312$4,993$3,244
31 years$20,070$14,209$9,854$6,716$4,514$2,881
32 years$19,232$13,444$9,194$6,172$4,083$2,559
33 years$18,446$12,732$8,584$5,676$3,696$2,275
34 years$17,708$12,067$8,020$5,222$3,346$2,022
35 years$17,013$11,446$7,499$4,807$3,030$1,799
36 years$16,359$10,863$7,015$4,427$2,746$1,600
37 years$15,741$10,318$6,566$4,079$2,489$1,423
38 years$15,158$9,806$6,148$3,760$2,256$1,267
39 years$14,605$9,324$5,760$3,467$2,046$1,127
40 years$14,082$8,871$5,399$3,198$1,856$1,004
41 years$13,585$8,445$5,063$2,950$1,684$893
42 years$13,113$8,042$4,749$2,723$1,528$795
43 years$12,665$7,663$4,456$2,513$1,386$708
44 years$12,238$7,304$4,183$2,321$1,258$631
45 years$11,831$6,965$3,928$2,143$1,142$562
46 years$11,443$6,644$3,689$1,980$1,037$500
47 years$11,073$6,341$3,466$1,829$942$446
48 years$10,719$6,053$3,257$1,690$855$397
49 years$10,380$5,780$3,061$1,562$777$354
50 years$10,056$5,522$2,878$1,444$706$315

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 $4,850 every year, while hoping to spend $31,559 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: 56/37/7 Blend
54$10,300,000$10,300,000$10,300,000$10,300,000
55$11,355,603$10,809,703$10,650,053$11,973,429
56$12,480,296$11,305,800$10,973,251$12,886,425
57$13,718,650$11,825,148$11,306,219$13,876,384
58$15,082,225$12,368,853$11,649,250$14,953,802
59$16,583,759$12,938,074$12,002,647$16,127,015
60$18,237,289$13,534,026$12,366,722$17,405,177
61$20,058,281$14,157,982$12,741,796$18,798,352
62$22,063,780$14,811,277$13,128,200$20,317,599
63$24,272,565$15,495,309$13,526,275$21,975,075
64$26,705,332$16,211,545$13,936,371$23,784,148
65$29,384,886$16,961,521$14,358,849$25,759,511
66$32,336,356$17,746,847$14,794,082$27,917,327
67$35,587,434$18,569,212$15,242,453$30,275,366
68$39,168,634$19,430,385$15,704,357$32,853,175
69$43,113,582$20,332,221$16,180,200$35,672,254
70$47,459,331$21,276,664$16,670,401$38,756,256
71$52,246,714$22,265,752$17,175,391$42,131,201
72$57,520,726$23,301,620$17,695,613$45,825,717
73$63,330,949$24,386,509$18,231,526$49,871,306
74$69,732,024$25,522,766$18,783,600$54,302,631
75$76,784,159$26,712,851$19,352,319$59,157,840
76$84,553,706$27,959,343$19,938,184$64,478,916
77$93,113,780$29,264,946$20,541,709$70,312,067
78$102,544,952$30,632,495$21,163,423$76,708,154
79$112,936,011$32,064,962$21,803,872$83,723,163
80$124,384,800$33,565,460$22,463,617$91,418,725
81$136,999,139$35,137,257$23,143,238$99,862,687
82$150,897,843$36,783,775$23,843,329$109,129,745
83$166,211,847$38,508,603$24,564,503$119,302,138
84$183,085,435$40,315,505$25,307,394$130,470,413
85$201,677,608$42,208,424$26,072,651$142,734,272
86$222,163,583$44,191,495$26,860,944$156,203,497
87$244,736,446$46,269,056$27,672,962$170,998,979
88$269,608,974$48,445,650$28,509,417$187,253,843
89$297,015,647$50,726,044$29,371,040$205,114,694
90$327,214,856$53,115,234$30,258,583$224,742,984
91$360,491,349$55,618,458$31,172,823$246,316,526
92$397,158,912$58,241,208$32,114,558$270,031,153
93$437,563,337$60,989,242$33,084,611$296,102,555
94$482,085,680$63,868,598$34,083,829$324,768,295
95$531,145,865$66,885,605$35,113,083$356,290,036
96$585,206,644$70,046,900$36,173,271$390,955,991
97$644,777,964$73,359,441$37,265,319$429,083,629
98$710,421,788$76,830,525$38,390,178$471,022,648
99$782,757,390$80,467,800$39,548,829$517,158,255
100$862,467,209$84,279,288$40,742,281$567,914,783