Can I retire at age 55 with 10,600,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $10,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$875,338$867,541$859,934$852,509$845,259$833,316
2 years$433,336$425,265$417,444$409,860$402,504$390,495
3 years$286,021$277,916$270,114$262,601$255,365$243,663
4 years$212,378$204,297$196,574$189,189$182,129$170,823
5 years$168,204$160,172$152,549$145,316$138,451$127,576
6 years$138,764$130,792$123,282$116,210$109,552$99,119
7 years$117,743$109,839$102,448$95,543$89,095$79,109
8 years$101,985$94,152$86,884$80,148$73,913$64,372
9 years$89,736$81,977$74,833$68,269$62,245$53,145
10 years$79,942$72,258$65,241$58,848$53,036$44,370
11 years$71,933$64,327$57,438$51,216$45,613$37,372
12 years$65,265$57,737$50,974$44,923$39,527$31,702
13 years$59,627$52,177$45,542$39,660$34,468$27,049
14 years$54,798$47,428$40,920$35,206$30,215$23,189
15 years$50,617$43,326$36,945$31,398$26,603$19,959
16 years$46,962$39,751$33,496$28,113$23,512$17,236
17 years$43,741$36,609$30,480$25,259$20,848$14,927
18 years$40,880$33,828$27,824$22,764$18,537$12,959
19 years$38,324$31,352$25,472$20,569$16,522$11,273
20 years$36,026$29,134$23,377$18,629$14,758$9,824
21 years$33,950$27,137$21,502$16,907$13,207$8,574
22 years$32,065$25,331$19,818$15,373$11,838$7,493
23 years$30,346$23,692$18,298$14,000$10,626$6,555
24 years$28,773$22,198$16,923$12,769$9,551$5,741
25 years$27,328$20,831$15,674$11,661$8,595$5,032
26 years$25,997$19,578$14,537$10,662$7,742$4,414
27 years$24,766$18,425$13,499$9,760$6,980$3,874
28 years$23,625$17,362$12,549$8,942$6,298$3,402
29 years$22,565$16,379$11,678$8,200$5,687$2,990
30 years$21,577$15,468$10,877$7,525$5,139$2,628
31 years$20,655$14,623$10,141$6,912$4,646$2,311
32 years$19,792$13,836$9,461$6,352$4,202$2,033
33 years$18,983$13,103$8,834$5,841$3,803$1,789
34 years$18,223$12,419$8,254$5,374$3,443$1,575
35 years$17,509$11,779$7,717$4,947$3,119$1,386
36 years$16,835$11,180$7,219$4,556$2,826$1,221
37 years$16,200$10,618$6,757$4,198$2,561$1,075
38 years$15,599$10,091$6,328$3,869$2,322$947
39 years$15,031$9,596$5,928$3,568$2,106$834
40 years$14,492$9,130$5,556$3,291$1,910$735
41 years$13,981$8,690$5,210$3,036$1,733$648
42 years$13,495$8,277$4,887$2,802$1,572$571
43 years$13,034$7,886$4,586$2,587$1,427$503
44 years$12,594$7,517$4,305$2,388$1,295$443
45 years$12,176$7,168$4,042$2,206$1,176$391
46 years$11,776$6,838$3,796$2,037$1,068$344
47 years$11,395$6,526$3,567$1,882$969$304
48 years$11,031$6,230$3,352$1,739$880$268
49 years$10,683$5,949$3,150$1,607$800$236
50 years$10,349$5,683$2,962$1,486$726$208

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $10,600,000, adding $4,395 every year, while hoping to spend $23,460 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: 73/17/10 Blend
54$10,600,000$10,600,000$10,600,000$10,600,000
55$11,685,733$11,123,933$10,959,633$12,516,724
56$12,852,717$11,644,045$11,301,820$13,586,172
57$14,137,947$12,188,856$11,654,683$14,753,781
58$15,553,459$12,759,551$12,018,557$16,031,952
59$17,112,516$13,357,374$12,393,783$17,431,613
60$18,829,735$13,983,627$12,780,717$18,964,790
61$20,721,219$14,639,676$13,179,722$20,644,721
62$22,804,717$15,326,954$13,591,177$22,485,977
63$25,099,785$16,046,961$14,015,468$24,504,598
64$27,627,973$16,801,272$14,452,995$26,718,242
65$30,413,028$17,591,536$14,904,173$29,146,352
66$33,481,119$18,419,484$15,369,425$31,810,329
67$36,861,083$19,286,929$15,849,191$34,733,743
68$40,584,698$20,195,773$16,343,923$37,942,542
69$44,686,981$21,148,009$16,854,088$41,465,301
70$49,206,519$22,145,728$17,380,166$45,333,484
71$54,185,837$23,191,122$17,922,655$49,581,742
72$59,671,794$24,286,488$18,482,065$54,248,233
73$65,716,026$25,434,235$19,058,923$59,374,984
74$72,375,438$26,636,890$19,653,775$65,008,277
75$79,712,736$27,897,100$20,267,179$71,199,086
76$87,797,021$29,217,644$20,899,716$78,003,557
77$96,704,440$30,601,432$21,551,980$85,483,529
78$106,518,909$32,051,518$22,224,587$93,707,114
79$117,332,898$33,571,103$22,918,170$102,749,338
80$129,248,309$35,163,542$23,633,384$112,692,845
81$142,377,436$36,832,356$24,370,903$123,628,668
82$156,844,028$38,581,234$25,131,421$135,657,086
83$172,784,451$40,414,047$25,915,656$148,888,567
84$190,348,980$42,334,850$26,724,346$163,444,799
85$209,703,217$44,347,900$27,558,253$179,459,842
86$231,029,654$46,457,655$28,418,163$197,081,378
87$254,529,394$48,668,796$29,304,887$216,472,106
88$280,424,051$50,986,225$30,219,259$237,811,267
89$308,957,842$53,415,088$31,162,141$261,296,329
90$340,399,891$55,960,776$32,134,423$287,144,846
91$375,046,772$58,628,947$33,137,018$315,596,503
92$413,225,307$61,425,529$34,170,872$346,915,372
93$455,295,651$64,356,743$35,236,959$381,392,391
94$501,654,693$67,429,109$36,336,283$419,348,109
95$552,739,802$70,649,466$37,469,879$461,135,700
96$609,032,957$74,024,985$38,638,815$507,144,284
97$671,065,295$77,563,186$39,844,192$557,802,596
98$739,422,128$81,271,954$41,087,145$613,583,019
99$814,748,464$85,159,559$42,368,844$675,006,033
100$897,755,103$89,234,674$43,690,496$742,645,119