Can I retire at age 55 with 10,500,000?

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 $10,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$867,080$859,357$851,821$844,466$837,285$818,041
2 years$429,248$421,253$413,506$405,993$398,707$379,425
3 years$283,323$275,294$267,565$260,124$252,956$234,239
4 years$210,374$202,370$194,719$187,405$180,410$162,402
5 years$166,617$158,661$151,110$143,945$137,145$119,896
6 years$137,455$129,558$122,119$115,114$108,518$92,046
7 years$116,633$108,803$101,482$94,641$88,254$72,562
8 years$101,023$93,264$86,065$79,392$73,216$58,296
9 years$88,889$81,203$74,127$67,625$61,658$47,501
10 years$79,187$71,577$64,626$58,293$52,536$39,126
11 years$71,255$63,720$56,896$50,732$45,183$32,501
12 years$64,649$57,192$50,493$44,499$39,154$27,181
13 years$59,064$51,685$45,113$39,286$34,143$22,856
14 years$54,281$46,980$40,534$34,874$29,930$19,305
15 years$50,139$42,917$36,597$31,101$26,353$16,366
16 years$46,519$39,376$33,180$27,848$23,290$13,916
17 years$43,328$36,264$30,193$25,021$20,651$11,864
18 years$40,494$33,509$27,562$22,549$18,362$10,136
19 years$37,962$31,056$25,232$20,375$16,366$8,675
20 years$35,686$28,859$23,156$18,453$14,619$7,436
21 years$33,630$26,881$21,299$16,748$13,082$6,382
22 years$31,762$25,092$19,631$15,227$11,726$5,484
23 years$30,060$23,468$18,125$13,868$10,526$4,717
24 years$28,502$21,988$16,763$12,648$9,461$4,060
25 years$27,071$20,635$15,526$11,551$8,514$3,497
26 years$25,752$19,393$14,399$10,562$7,669$3,014
27 years$24,532$18,251$13,371$9,668$6,914$2,599
28 years$23,402$17,198$12,430$8,858$6,239$2,242
29 years$22,352$16,225$11,567$8,123$5,633$1,935
30 years$21,373$15,322$10,775$7,454$5,090$1,670
31 years$20,460$14,485$10,045$6,846$4,602$1,442
32 years$19,605$13,706$9,372$6,292$4,163$1,246
33 years$18,804$12,979$8,751$5,786$3,767$1,076
34 years$18,051$12,301$8,176$5,324$3,411$930
35 years$17,344$11,668$7,644$4,901$3,089$804
36 years$16,676$11,074$7,151$4,513$2,799$695
37 years$16,047$10,518$6,693$4,158$2,537$600
38 years$15,452$9,996$6,268$3,833$2,300$519
39 years$14,889$9,505$5,872$3,534$2,086$449
40 years$14,355$9,043$5,504$3,260$1,892$388
41 years$13,849$8,608$5,161$3,008$1,716$336
42 years$13,368$8,198$4,841$2,776$1,557$290
43 years$12,911$7,811$4,543$2,562$1,413$251
44 years$12,475$7,446$4,264$2,366$1,283$217
45 years$12,061$7,100$4,004$2,185$1,165$188
46 years$11,665$6,773$3,761$2,018$1,057$162
47 years$11,288$6,464$3,533$1,865$960$140
48 years$10,927$6,171$3,320$1,723$872$121
49 years$10,582$5,893$3,121$1,592$792$105
50 years$10,252$5,629$2,934$1,472$719$91

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $10,500,000, adding $4,441 every year, while hoping to spend $33,040 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: 51/38/11 Blend
54$10,500,000$10,500,000$10,500,000$10,500,000
55$11,575,581$11,019,081$10,856,331$12,131,996
56$12,721,136$11,523,862$11,184,864$13,017,339
57$13,982,430$12,052,269$11,523,295$13,975,402
58$15,371,234$12,605,426$11,871,921$15,016,155
59$16,900,518$13,184,510$12,231,049$16,147,393
60$18,584,573$13,790,754$12,600,991$17,377,674
61$20,439,148$14,425,450$12,982,073$18,716,401
62$22,481,597$15,089,952$13,374,629$20,173,906
63$24,731,042$15,785,682$13,779,001$21,761,541
64$27,208,555$16,514,126$14,195,543$23,491,782
65$29,937,354$17,276,846$14,624,621$25,378,342
66$32,943,027$18,075,474$15,066,609$27,436,296
67$36,253,769$18,911,725$15,521,893$29,682,217
68$39,900,649$19,787,395$15,990,872$32,134,327
69$43,917,904$20,704,366$16,473,955$34,812,667
70$48,343,262$21,664,612$16,971,564$37,739,273
71$53,218,296$22,670,200$17,484,133$40,938,386
72$58,588,821$23,723,298$18,012,111$44,436,669
73$64,505,321$24,826,180$18,555,956$48,263,453
74$71,023,427$25,981,226$19,116,144$52,451,008
75$78,204,446$27,190,935$19,693,164$57,034,840
76$86,115,931$28,457,923$20,287,517$62,054,018
77$94,832,329$29,784,935$20,899,722$67,551,533
78$104,435,676$31,174,846$21,530,312$73,574,699
79$115,016,374$32,630,672$22,179,836$80,175,588
80$126,674,042$34,155,573$22,848,859$87,411,513
81$139,518,462$35,752,864$23,537,963$95,345,560
82$153,670,609$37,426,017$24,247,748$104,047,172
83$169,263,793$39,178,675$24,978,831$113,592,795
84$186,444,925$41,014,654$25,731,846$124,066,590
85$205,375,893$42,937,958$26,507,448$135,561,210
86$226,235,097$44,952,781$27,306,311$148,178,670
87$249,219,133$47,063,523$28,129,129$162,031,293
88$274,544,644$49,274,795$28,976,614$177,242,755
89$302,450,370$51,591,432$29,849,502$193,949,245
90$333,199,398$54,018,503$30,748,551$212,300,731
91$367,081,648$56,561,322$31,674,539$232,462,358
92$404,416,609$59,225,459$32,628,270$254,616,000
93$445,556,355$62,016,758$33,610,567$278,961,951
94$490,888,865$64,941,341$34,622,284$305,720,802
95$540,841,693$68,005,631$35,664,294$335,135,506
96$595,885,998$71,216,359$36,737,500$367,473,650
97$656,540,993$74,580,583$37,842,830$403,029,962
98$723,378,848$78,105,706$38,981,238$442,129,071
99$797,030,091$81,799,486$40,153,710$485,128,552
100$878,189,558$85,670,058$41,361,257$532,422,276