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

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 $10,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$875,338$867,541$859,934$852,509$845,259$819,515
2 years$433,336$425,265$417,444$409,860$402,504$376,788
3 years$286,021$277,916$270,114$262,601$255,365$230,484
4 years$212,378$204,297$196,574$189,189$182,129$158,273
5 years$168,204$160,172$152,549$145,316$138,451$115,686
6 years$138,764$130,792$123,282$116,210$109,552$87,896
7 years$117,743$109,839$102,448$95,543$89,095$68,548
8 years$101,985$94,152$86,884$80,148$73,913$54,462
9 years$89,736$81,977$74,833$68,269$62,245$43,869
10 years$79,942$72,258$65,241$58,848$53,036$35,709
11 years$71,933$64,327$57,438$51,216$45,613$29,304
12 years$65,265$57,737$50,974$44,923$39,527$24,203
13 years$59,627$52,177$45,542$39,660$34,468$20,093
14 years$54,798$47,428$40,920$35,206$30,215$16,751
15 years$50,617$43,326$36,945$31,398$26,603$14,012
16 years$46,962$39,751$33,496$28,113$23,512$11,754
17 years$43,741$36,609$30,480$25,259$20,848$9,883
18 years$40,880$33,828$27,824$22,764$18,537$8,326
19 years$38,324$31,352$25,472$20,569$16,522$7,025
20 years$36,026$29,134$23,377$18,629$14,758$5,935
21 years$33,950$27,137$21,502$16,907$13,207$5,020
22 years$32,065$25,331$19,818$15,373$11,838$4,251
23 years$30,346$23,692$18,298$14,000$10,626$3,602
24 years$28,773$22,198$16,923$12,769$9,551$3,054
25 years$27,328$20,831$15,674$11,661$8,595$2,591
26 years$25,997$19,578$14,537$10,662$7,742$2,199
27 years$24,766$18,425$13,499$9,760$6,980$1,867
28 years$23,625$17,362$12,549$8,942$6,298$1,586
29 years$22,565$16,379$11,678$8,200$5,687$1,348
30 years$21,577$15,468$10,877$7,525$5,139$1,145
31 years$20,655$14,623$10,141$6,912$4,646$974
32 years$19,792$13,836$9,461$6,352$4,202$828
33 years$18,983$13,103$8,834$5,841$3,803$704
34 years$18,223$12,419$8,254$5,374$3,443$599
35 years$17,509$11,779$7,717$4,947$3,119$509
36 years$16,835$11,180$7,219$4,556$2,826$433
37 years$16,200$10,618$6,757$4,198$2,561$368
38 years$15,599$10,091$6,328$3,869$2,322$313
39 years$15,031$9,596$5,928$3,568$2,106$267
40 years$14,492$9,130$5,556$3,291$1,910$227
41 years$13,981$8,690$5,210$3,036$1,733$193
42 years$13,495$8,277$4,887$2,802$1,572$164
43 years$13,034$7,886$4,586$2,587$1,427$140
44 years$12,594$7,517$4,305$2,388$1,295$119
45 years$12,176$7,168$4,042$2,206$1,176$101
46 years$11,776$6,838$3,796$2,037$1,068$86
47 years$11,395$6,526$3,567$1,882$969$73
48 years$11,031$6,230$3,352$1,739$880$62
49 years$10,683$5,949$3,150$1,607$800$53
50 years$10,349$5,683$2,962$1,486$726$45

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 $4,147 every year, while hoping to spend $33,110 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: 40/35/25 Blend
54$10,600,000$10,600,000$10,600,000$10,600,000
55$11,685,478$11,123,678$10,959,378$12,066,362
56$12,842,168$11,633,509$11,291,288$12,851,793
57$14,115,730$12,167,213$11,633,208$13,697,546
58$15,518,051$12,725,923$11,985,437$14,611,903
59$17,062,229$13,310,829$12,348,285$15,601,154
60$18,762,694$13,923,178$12,722,071$16,672,201
61$20,635,351$14,564,276$13,107,122$17,832,618
62$22,697,723$15,235,491$13,503,777$19,090,720
63$24,969,120$15,938,260$13,912,383$20,455,635
64$27,470,821$16,674,085$14,333,298$21,937,389
65$30,226,273$17,444,544$14,766,892$23,546,990
66$33,261,315$18,251,288$15,213,545$25,296,534
67$36,604,417$19,096,049$15,673,647$27,199,306
68$40,286,955$19,980,643$16,147,601$29,269,909
69$44,343,502$20,906,972$16,635,823$31,524,388
70$48,812,155$21,877,030$17,138,740$33,980,378
71$53,734,899$22,892,908$17,656,791$36,657,268
72$59,157,995$23,956,797$18,190,430$39,576,372
73$65,132,424$25,070,993$18,740,123$42,761,126
74$71,714,365$26,237,906$19,306,351$46,237,301
75$78,965,724$27,460,057$19,889,608$50,033,241
76$86,954,722$28,740,094$20,490,403$54,180,120
77$95,756,534$30,080,789$21,109,262$58,712,229
78$105,454,002$31,485,049$21,746,724$63,667,293
79$116,138,417$32,955,923$22,403,346$69,086,814
80$127,910,377$34,496,605$23,079,700$75,016,459
81$140,880,742$36,110,445$23,776,376$81,506,475
82$155,171,674$37,800,953$24,493,981$88,612,159
83$170,917,795$39,571,810$25,233,140$96,394,365
84$188,267,457$41,426,876$25,994,497$104,920,069
85$207,384,140$43,370,195$26,778,715$114,262,990
86$228,447,997$45,406,010$27,586,477$124,504,274
87$251,657,554$47,538,765$28,418,485$135,733,244
88$277,231,583$49,773,123$29,275,462$148,048,235
89$305,411,169$52,113,971$30,158,155$161,557,503
90$336,461,985$54,566,432$31,067,330$176,380,237
91$370,676,799$57,135,878$32,003,777$192,647,665
92$408,378,238$59,827,942$32,968,309$210,504,279
93$449,921,834$62,648,527$33,961,763$230,109,183
94$495,699,382$65,603,826$34,985,003$251,637,575
95$546,142,633$68,700,327$36,038,915$275,282,384
96$601,727,376$71,944,838$37,124,413$301,256,073
97$662,977,926$75,344,492$38,242,438$329,792,623
98$730,472,074$78,906,772$39,393,960$361,149,722
99$804,846,543$82,639,522$40,579,975$395,611,174
100$886,802,997$86,550,965$41,801,511$433,489,559