Can I retire at age 55 with 10,700,000?

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$883,596$875,725$868,047$860,552$853,233$838,064
2 years$437,424$429,277$421,382$413,727$406,301$391,070
3 years$288,719$280,537$272,662$265,079$257,774$242,956
4 years$214,381$206,225$198,428$190,974$183,847$169,555
5 years$169,790$161,683$153,988$146,687$139,757$126,034
6 years$140,073$132,026$124,445$117,306$110,585$97,445
7 years$118,854$110,875$103,415$96,444$89,935$77,382
8 years$102,948$95,041$87,704$80,905$74,610$62,640
9 years$90,582$82,750$75,539$68,913$62,833$51,440
10 years$80,696$72,940$65,857$59,403$53,536$42,710
11 years$72,612$64,934$57,979$51,699$46,043$35,772
12 years$65,881$58,281$51,455$45,347$39,900$30,170
13 years$60,189$52,669$45,972$40,034$34,794$25,589
14 years$55,315$47,875$41,306$35,538$30,500$21,805
15 years$51,094$43,735$37,294$31,694$26,854$18,653
16 years$47,405$40,126$33,812$28,378$23,734$16,007
17 years$44,153$36,954$30,768$25,498$21,044$13,775
18 years$41,266$34,147$28,087$22,979$18,712$11,880
19 years$38,685$31,648$25,712$20,763$16,678$10,267
20 years$36,366$29,408$23,597$18,805$14,897$8,887
21 years$34,270$27,393$21,705$17,067$13,331$7,704
22 years$32,367$25,570$20,005$15,518$11,950$6,686
23 years$30,633$23,915$18,471$14,132$10,727$5,809
24 years$29,045$22,407$17,082$12,889$9,641$5,052
25 years$27,586$21,028$15,822$11,771$8,676$4,396
26 years$26,242$19,763$14,674$10,763$7,815$3,829
27 years$25,000$18,599$13,626$9,852$7,046$3,336
28 years$23,848$17,526$12,667$9,026$6,357$2,909
29 years$22,778$16,534$11,788$8,277$5,741$2,537
30 years$21,781$15,614$10,980$7,596$5,187$2,214
31 years$20,850$14,761$10,236$6,977$4,690$1,933
32 years$19,979$13,967$9,551$6,412$4,242$1,687
33 years$19,162$13,227$8,917$5,896$3,839$1,474
34 years$18,395$12,536$8,332$5,425$3,476$1,287
35 years$17,674$11,890$7,790$4,994$3,148$1,125
36 years$16,994$11,285$7,287$4,599$2,852$983
37 years$16,353$10,718$6,821$4,238$2,585$859
38 years$15,746$10,186$6,387$3,906$2,344$751
39 years$15,172$9,686$5,984$3,602$2,125$656
40 years$14,629$9,216$5,609$3,322$1,928$574
41 years$14,113$8,772$5,259$3,065$1,749$502
42 years$13,623$8,355$4,933$2,828$1,587$439
43 years$13,157$7,960$4,629$2,611$1,440$384
44 years$12,713$7,588$4,345$2,411$1,307$336
45 years$12,290$7,236$4,080$2,226$1,187$293
46 years$11,887$6,903$3,832$2,057$1,078$257
47 years$11,503$6,587$3,600$1,900$979$225
48 years$11,135$6,288$3,383$1,756$889$196
49 years$10,783$6,005$3,180$1,623$807$172
50 years$10,447$5,736$2,990$1,500$733$150

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $10,700,000, adding $3,743 every year, while hoping to spend $45,979 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: 81/6/13 Blend
54$10,700,000$10,700,000$10,700,000$10,700,000
55$11,795,261$11,228,161$11,062,311$12,721,316
56$12,949,456$11,729,419$11,383,977$13,831,086
57$14,219,838$12,253,699$11,714,878$15,042,650
58$15,618,210$12,802,078$12,055,274$16,371,256
59$17,157,576$13,375,688$12,405,435$17,828,621
60$18,852,266$13,975,714$12,765,634$19,427,648
61$20,718,070$14,603,397$13,136,155$21,182,546
62$22,772,386$15,260,037$13,517,290$23,108,968
63$25,034,386$15,946,995$13,909,336$25,224,152
64$27,525,196$16,665,700$14,312,601$27,547,086
65$30,268,093$17,417,647$14,727,400$30,098,687
66$33,288,729$18,204,402$15,154,058$32,901,992
67$36,615,368$19,027,606$15,592,908$35,982,379
68$40,279,157$19,888,980$16,044,291$39,367,806
69$44,314,416$20,790,325$16,508,561$43,089,068
70$48,758,965$21,733,530$16,986,076$47,180,091
71$53,654,480$22,720,574$17,477,210$51,678,250
72$59,046,883$23,753,528$17,982,343$56,624,719
73$64,986,781$24,834,566$18,501,867$62,064,859
74$71,529,936$25,965,964$19,036,184$68,048,643
75$78,737,801$27,150,108$19,585,707$74,631,131
76$86,678,090$28,389,496$20,150,861$81,872,980
77$95,425,423$29,686,749$20,732,083$89,841,021
78$105,062,028$31,044,612$21,329,820$98,608,886
79$115,678,519$32,465,961$21,944,532$108,257,701
80$127,374,746$33,953,812$22,576,692$118,876,850
81$140,260,745$35,511,323$23,226,786$130,564,815
82$154,457,769$37,141,806$23,895,312$143,430,106
83$170,099,438$38,848,732$24,582,782$157,592,282
84$187,332,998$40,635,736$25,289,721$173,183,077
85$206,320,708$42,506,632$26,016,671$190,347,640
86$227,241,376$44,465,413$26,764,186$209,245,906
87$250,292,045$46,516,267$27,532,835$230,054,098
88$275,689,852$48,663,582$28,323,204$252,966,393
89$303,674,078$50,911,959$29,135,892$278,196,748
90$334,508,407$53,266,217$29,971,517$305,980,919
91$368,483,413$55,731,411$30,830,712$336,578,684
92$405,919,308$58,312,837$31,714,127$370,276,288
93$447,168,957$61,016,045$32,622,430$407,389,148
94$492,621,215$63,846,857$33,556,306$448,264,822
95$542,704,597$66,811,370$34,516,460$493,286,288
96$597,891,317$69,915,979$35,503,613$542,875,556
97$658,701,756$73,167,385$36,518,508$597,497,648
98$725,709,362$76,572,615$37,561,906$657,664,983
99$799,546,076$80,139,032$38,634,588$723,942,211
100$880,908,286$83,874,355$39,737,358$796,951,537