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%13.3%
1 years$867,080$859,357$851,821$844,466$837,285$825,796
2 years$429,248$421,253$413,506$405,993$398,707$387,152
3 years$283,323$275,294$267,565$260,124$252,956$241,695
4 years$210,374$202,370$194,719$187,405$180,410$169,529
5 years$166,617$158,661$151,110$143,945$137,145$126,676
6 years$137,455$129,558$122,119$115,114$108,518$98,473
7 years$116,633$108,803$101,482$94,641$88,254$78,637
8 years$101,023$93,264$86,065$79,392$73,216$64,025
9 years$88,889$81,203$74,127$67,625$61,658$52,890
10 years$79,187$71,577$64,626$58,293$52,536$44,184
11 years$71,255$63,720$56,896$50,732$45,183$37,239
12 years$64,649$57,192$50,493$44,499$39,154$31,609
13 years$59,064$51,685$45,113$39,286$34,143$26,987
14 years$54,281$46,980$40,534$34,874$29,930$23,151
15 years$50,139$42,917$36,597$31,101$26,353$19,940
16 years$46,519$39,376$33,180$27,848$23,290$17,232
17 years$43,328$36,264$30,193$25,021$20,651$14,934
18 years$40,494$33,509$27,562$22,549$18,362$12,974
19 years$37,962$31,056$25,232$20,375$16,366$11,294
20 years$35,686$28,859$23,156$18,453$14,619$9,850
21 years$33,630$26,881$21,299$16,748$13,082$8,603
22 years$31,762$25,092$19,631$15,227$11,726$7,524
23 years$30,060$23,468$18,125$13,868$10,526$6,588
24 years$28,502$21,988$16,763$12,648$9,461$5,774
25 years$27,071$20,635$15,526$11,551$8,514$5,065
26 years$25,752$19,393$14,399$10,562$7,669$4,446
27 years$24,532$18,251$13,371$9,668$6,914$3,906
28 years$23,402$17,198$12,430$8,858$6,239$3,433
29 years$22,352$16,225$11,567$8,123$5,633$3,019
30 years$21,373$15,322$10,775$7,454$5,090$2,656
31 years$20,460$14,485$10,045$6,846$4,602$2,337
32 years$19,605$13,706$9,372$6,292$4,163$2,058
33 years$18,804$12,979$8,751$5,786$3,767$1,812
34 years$18,051$12,301$8,176$5,324$3,411$1,597
35 years$17,344$11,668$7,644$4,901$3,089$1,407
36 years$16,676$11,074$7,151$4,513$2,799$1,240
37 years$16,047$10,518$6,693$4,158$2,537$1,093
38 years$15,452$9,996$6,268$3,833$2,300$963
39 years$14,889$9,505$5,872$3,534$2,086$849
40 years$14,355$9,043$5,504$3,260$1,892$749
41 years$13,849$8,608$5,161$3,008$1,716$661
42 years$13,368$8,198$4,841$2,776$1,557$583
43 years$12,911$7,811$4,543$2,562$1,413$514
44 years$12,475$7,446$4,264$2,366$1,283$453
45 years$12,061$7,100$4,004$2,185$1,165$400
46 years$11,665$6,773$3,761$2,018$1,057$353
47 years$11,288$6,464$3,533$1,865$960$311
48 years$10,927$6,171$3,320$1,723$872$275
49 years$10,582$5,893$3,121$1,592$792$242
50 years$10,252$5,629$2,934$1,472$719$214

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 $2,896 every year, while hoping to spend $44,233 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: 33/39/28 Blend
54$10,500,000$10,500,000$10,500,000$10,500,000
55$11,573,987$11,017,487$10,854,737$11,857,319
56$12,707,470$11,510,281$11,171,307$12,565,847
57$13,955,086$12,025,738$11,497,000$13,324,775
58$15,328,430$12,564,924$11,832,074$14,141,851
59$16,840,277$13,128,953$12,176,796$15,022,252
60$18,504,706$13,718,992$12,531,439$15,971,657
61$20,337,227$14,336,264$12,896,284$16,996,288
62$22,354,935$14,982,052$13,271,621$18,102,968
63$24,576,664$15,657,698$13,657,745$19,299,183
64$27,023,167$16,364,608$14,054,963$20,593,143
65$29,717,313$17,104,257$14,463,587$21,993,860
66$32,684,302$17,878,189$14,883,941$23,511,223
67$35,951,903$18,688,022$15,316,354$25,156,087
68$39,550,714$19,535,452$15,761,169$26,940,372
69$43,514,452$20,422,254$16,218,733$28,877,169
70$47,880,273$21,350,292$16,689,408$30,980,854
71$52,689,119$22,321,514$17,173,561$33,267,223
72$57,986,107$23,337,966$17,671,573$35,753,627
73$63,820,952$24,401,789$18,183,834$38,459,137
74$70,248,441$25,515,228$18,710,743$41,404,709
75$77,328,942$26,680,634$19,252,713$44,613,380
76$85,128,981$27,900,473$19,810,167$48,110,473
77$93,721,868$29,177,327$20,383,538$51,923,829
78$103,188,386$30,513,903$20,973,274$56,084,065
79$113,617,556$31,913,039$21,579,833$60,624,845
80$125,107,476$33,377,707$22,203,687$65,583,198
81$137,766,247$34,911,023$22,845,319$70,999,851
82$151,712,993$36,516,252$23,505,226$76,919,605
83$167,078,987$38,196,817$24,183,920$83,391,745
84$184,008,888$39,956,305$24,881,925$90,470,498
85$202,662,105$41,798,475$25,599,780$98,215,530
86$223,214,307$43,727,267$26,338,040$106,692,495
87$245,859,073$45,746,811$27,097,272$115,973,647
88$270,809,729$47,861,435$27,878,060$126,138,502
89$298,301,352$50,075,676$28,681,006$137,274,579
90$328,592,995$52,394,289$29,506,725$149,478,208
91$361,970,131$54,822,259$30,355,850$162,855,428
92$398,747,344$57,364,810$31,229,031$177,522,967
93$439,271,305$60,027,418$32,126,936$193,609,327
94$483,924,041$62,815,823$33,050,250$211,255,984
95$533,126,537$65,736,043$33,999,678$230,618,700
96$587,342,719$68,794,384$34,975,942$251,868,975
97$647,083,825$71,997,458$35,979,785$275,195,646
98$712,913,237$75,352,195$37,011,970$300,806,649
99$785,451,796$78,865,861$38,073,279$328,930,957
100$865,383,661$82,546,070$39,164,517$359,820,722