Can I retire at age 55 with 10,400,000?

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 $10,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$858,822$851,172$843,709$836,424$829,311$805,670
2 years$425,160$417,241$409,567$402,127$394,910$371,277
3 years$280,624$272,672$265,017$257,647$250,547$227,661
4 years$208,371$200,443$192,865$185,620$178,692$156,730
5 years$165,030$157,149$149,671$142,574$135,839$114,859
6 years$136,145$128,324$120,956$114,017$107,485$87,508
7 years$115,522$107,767$100,515$93,740$87,414$68,439
8 years$100,061$92,376$85,245$78,636$72,518$54,536
9 years$88,043$80,430$73,421$66,981$61,071$44,063
10 years$78,433$70,895$64,010$57,738$52,035$35,978
11 years$70,576$63,114$56,354$50,249$44,752$29,620
12 years$64,033$56,647$50,013$44,075$38,781$24,545
13 years$58,502$51,193$44,683$38,912$33,818$20,446
14 years$53,764$46,533$40,148$34,542$29,645$17,105
15 years$49,662$42,508$36,248$30,805$26,102$14,359
16 years$46,076$39,001$32,864$27,583$23,069$12,088
17 years$42,915$35,918$29,905$24,783$20,454$10,201
18 years$40,109$33,190$27,299$22,334$18,187$8,626
19 years$37,601$30,760$24,991$20,181$16,210$7,305
20 years$35,346$28,584$22,936$18,278$14,479$6,196
21 years$33,309$26,625$21,097$16,588$12,957$5,261
22 years$31,460$24,853$19,444$15,082$11,615$4,472
23 years$29,774$23,245$17,953$13,736$10,426$3,804
24 years$28,230$21,779$16,603$12,528$9,371$3,238
25 years$26,813$20,438$15,378$11,441$8,432$2,758
26 years$25,506$19,209$14,262$10,461$7,596$2,351
27 years$24,299$18,078$13,244$9,575$6,848$2,004
28 years$23,179$17,034$12,312$8,773$6,179$1,709
29 years$22,139$16,070$11,457$8,045$5,580$1,458
30 years$21,170$15,176$10,672$7,383$5,042$1,244
31 years$20,265$14,347$9,949$6,781$4,558$1,062
32 years$19,418$13,575$9,283$6,232$4,123$907
33 years$18,625$12,856$8,667$5,731$3,731$774
34 years$17,880$12,184$8,098$5,273$3,378$661
35 years$17,178$11,557$7,571$4,854$3,060$565
36 years$16,518$10,969$7,083$4,470$2,772$482
37 years$15,894$10,418$6,629$4,119$2,513$412
38 years$15,305$9,901$6,208$3,796$2,278$352
39 years$14,747$9,415$5,816$3,501$2,066$301
40 years$14,218$8,957$5,452$3,229$1,874$257
41 years$13,717$8,527$5,112$2,979$1,700$220
42 years$13,241$8,120$4,795$2,749$1,543$188
43 years$12,788$7,737$4,500$2,538$1,400$160
44 years$12,357$7,375$4,224$2,343$1,271$137
45 years$11,946$7,033$3,966$2,164$1,154$117
46 years$11,554$6,709$3,725$1,999$1,047$100
47 years$11,180$6,402$3,499$1,847$951$86
48 years$10,823$6,112$3,288$1,707$864$73
49 years$10,481$5,837$3,091$1,577$784$62
50 years$10,154$5,575$2,906$1,458$713$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $10,400,000, adding $4,552 every year, while hoping to spend $51,497 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: 60/16/24 Blend
54$10,400,000$10,400,000$10,400,000$10,400,000
55$11,465,495$10,914,295$10,753,095$12,079,677
56$12,580,184$11,394,303$11,058,532$12,977,619
57$13,806,844$11,896,106$11,372,474$13,950,912
58$15,156,843$12,420,716$11,695,153$15,011,757
59$16,642,706$12,969,196$12,026,806$16,168,671
60$18,278,233$13,542,658$12,367,674$17,431,026
61$20,078,629$14,142,265$12,718,008$18,809,134
62$22,060,651$14,769,237$13,078,063$20,314,341
63$24,242,759$15,424,852$13,448,100$21,959,134
64$26,645,299$16,110,447$13,828,389$23,757,255
65$29,290,685$16,827,425$14,219,206$25,723,831
66$32,203,619$17,577,253$14,620,834$27,875,510
67$35,411,319$18,361,469$15,033,562$30,230,618
68$38,943,776$19,181,684$15,457,690$32,809,332
69$42,834,040$20,039,585$15,893,521$35,633,861
70$47,118,528$20,936,941$16,341,370$38,728,660
71$51,837,369$21,875,602$16,801,557$42,120,653
72$57,034,784$22,857,509$17,274,412$45,839,485
73$62,759,500$23,884,696$17,760,273$49,917,802
74$69,065,212$24,959,289$18,259,486$54,391,549
75$76,011,092$26,083,522$18,772,406$59,300,313
76$83,662,339$27,259,731$19,299,398$64,687,688
77$92,090,805$28,490,365$19,840,835$70,601,684
78$101,375,663$29,777,989$20,397,099$77,095,178
79$111,604,163$31,125,292$20,968,584$84,226,408
80$122,872,447$32,535,091$21,555,691$92,059,515
81$135,286,462$34,010,337$22,158,833$100,665,151
82$148,962,960$35,554,122$22,778,432$110,121,135
83$164,030,595$37,169,687$23,414,922$120,513,184
84$180,631,141$38,860,427$24,068,748$131,935,721
85$198,920,829$40,629,900$24,740,363$144,492,756
86$219,071,824$42,481,834$25,430,235$158,298,865
87$241,273,843$44,420,138$26,138,841$173,480,265
88$265,735,954$46,448,903$26,866,671$190,176,000
89$292,688,544$48,572,422$27,614,227$208,539,247
90$322,385,495$50,795,191$28,382,024$228,738,755
91$355,106,581$53,121,921$29,170,587$250,960,432
92$391,160,107$55,557,550$29,980,456$275,409,093
93$430,885,822$58,107,253$30,812,185$302,310,387
94$474,658,122$60,776,455$31,666,340$331,912,914
95$522,889,588$63,570,839$32,543,500$364,490,571
96$576,034,878$66,496,362$33,444,259$400,345,127
97$634,595,020$69,559,268$34,369,226$439,809,060
98$699,122,141$72,766,101$35,319,024$483,248,690
99$770,224,679$76,123,720$36,294,291$531,067,625
100$848,573,126$79,639,312$37,295,680$583,710,565