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%11.6%
1 years$858,822$851,172$843,709$836,424$829,311$823,739
2 years$425,160$417,241$409,567$402,127$394,910$389,291
3 years$280,624$272,672$265,017$257,647$250,547$245,054
4 years$208,371$200,443$192,865$185,620$178,692$173,368
5 years$165,030$157,149$149,671$142,574$135,839$130,699
6 years$136,145$128,324$120,956$114,017$107,485$102,536
7 years$115,522$107,767$100,515$93,740$87,414$82,659
8 years$100,061$92,376$85,245$78,636$72,518$67,957
9 years$88,043$80,430$73,421$66,981$61,071$56,701
10 years$78,433$70,895$64,010$57,738$52,035$47,856
11 years$70,576$63,114$56,354$50,249$44,752$40,760
12 years$64,033$56,647$50,013$44,075$38,781$34,973
13 years$58,502$51,193$44,683$38,912$33,818$30,189
14 years$53,764$46,533$40,148$34,542$29,645$26,191
15 years$49,662$42,508$36,248$30,805$26,102$22,818
16 years$46,076$39,001$32,864$27,583$23,069$19,951
17 years$42,915$35,918$29,905$24,783$20,454$17,498
18 years$40,109$33,190$27,299$22,334$18,187$15,386
19 years$37,601$30,760$24,991$20,181$16,210$13,560
20 years$35,346$28,584$22,936$18,278$14,479$11,974
21 years$33,309$26,625$21,097$16,588$12,957$10,591
22 years$31,460$24,853$19,444$15,082$11,615$9,382
23 years$29,774$23,245$17,953$13,736$10,426$8,322
24 years$28,230$21,779$16,603$12,528$9,371$7,390
25 years$26,813$20,438$15,378$11,441$8,432$6,569
26 years$25,506$19,209$14,262$10,461$7,596$5,845
27 years$24,299$18,078$13,244$9,575$6,848$5,204
28 years$23,179$17,034$12,312$8,773$6,179$4,637
29 years$22,139$16,070$11,457$8,045$5,580$4,134
30 years$21,170$15,176$10,672$7,383$5,042$3,688
31 years$20,265$14,347$9,949$6,781$4,558$3,291
32 years$19,418$13,575$9,283$6,232$4,123$2,939
33 years$18,625$12,856$8,667$5,731$3,731$2,625
34 years$17,880$12,184$8,098$5,273$3,378$2,345
35 years$17,178$11,557$7,571$4,854$3,060$2,096
36 years$16,518$10,969$7,083$4,470$2,772$1,874
37 years$15,894$10,418$6,629$4,119$2,513$1,676
38 years$15,305$9,901$6,208$3,796$2,278$1,499
39 years$14,747$9,415$5,816$3,501$2,066$1,341
40 years$14,218$8,957$5,452$3,229$1,874$1,200
41 years$13,717$8,527$5,112$2,979$1,700$1,074
42 years$13,241$8,120$4,795$2,749$1,543$961
43 years$12,788$7,737$4,500$2,538$1,400$860
44 years$12,357$7,375$4,224$2,343$1,271$770
45 years$11,946$7,033$3,966$2,164$1,154$689
46 years$11,554$6,709$3,725$1,999$1,047$617
47 years$11,180$6,402$3,499$1,847$951$553
48 years$10,823$6,112$3,288$1,707$864$495
49 years$10,481$5,837$3,091$1,577$784$443
50 years$10,154$5,575$2,906$1,458$713$397

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 $6,149 every year, while hoping to spend $28,827 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: 59/35/6 Blend
54$10,400,000$10,400,000$10,400,000$10,400,000
55$11,467,143$10,915,943$10,754,743$12,129,894
56$12,606,120$11,420,152$11,084,355$13,078,930
57$13,860,306$11,948,102$11,424,043$14,109,354
58$15,241,423$12,500,924$11,774,114$15,232,085
59$16,762,385$13,079,807$12,134,884$16,455,974
60$18,437,426$13,685,995$12,506,680$17,790,753
61$20,282,227$14,320,792$12,889,837$19,247,117
62$22,314,069$14,985,566$13,284,702$20,836,828
63$24,551,995$15,681,750$13,691,631$22,572,813
64$27,016,990$16,410,847$14,110,992$24,469,290
65$29,732,176$17,174,431$14,543,163$26,541,897
66$32,723,033$17,974,154$14,988,534$28,807,830
67$36,017,641$18,811,746$15,447,508$31,286,005
68$39,646,939$19,689,020$15,920,499$33,997,232
69$43,645,024$20,607,880$16,407,933$36,964,403
70$48,049,468$21,570,317$16,910,250$40,212,706
71$52,901,674$22,578,423$17,427,903$43,769,857
72$58,247,266$23,634,387$17,961,359$47,666,353
73$64,136,522$24,740,506$18,511,100$51,935,757
74$70,624,844$25,899,189$19,077,619$56,615,004
75$77,773,288$27,112,958$19,661,428$61,744,751
76$85,649,131$28,384,460$20,263,054$67,369,743
77$94,326,513$29,716,470$20,883,037$73,539,239
78$103,887,135$31,111,895$21,521,936$80,307,459
79$114,421,029$32,573,784$22,180,328$87,734,098
80$126,027,409$34,105,334$22,858,803$95,884,871
81$138,815,605$35,709,896$23,557,974$104,832,133
82$152,906,100$37,390,984$24,278,469$114,655,546
83$168,431,661$39,152,281$25,020,937$125,442,828
84$185,538,598$40,997,650$25,786,045$137,290,564
85$204,388,139$42,931,139$26,574,482$150,305,114
86$225,157,959$44,956,995$27,386,957$164,603,598
87$248,043,850$47,079,667$28,224,200$180,314,998
88$273,261,576$49,303,824$29,086,963$197,581,358
89$301,048,903$51,634,357$29,976,023$216,559,115
90$331,667,848$54,076,399$30,892,177$237,420,560
91$365,407,153$56,635,326$31,836,249$260,355,454
92$402,585,006$59,316,781$32,809,087$285,572,799
93$443,552,050$62,126,676$33,811,564$313,302,802
94$488,694,688$65,071,212$34,844,581$343,799,028
95$538,438,735$68,156,891$35,909,064$377,340,777
96$593,253,437$71,390,529$37,005,968$414,235,707
97$653,655,898$74,779,276$38,136,278$454,822,712
98$720,215,964$78,330,625$39,301,008$499,475,112
99$793,561,603$82,052,435$40,501,202$548,604,148
100$874,384,830$85,952,949$41,737,936$602,662,849