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%11.1%
1 years$883,596$875,725$868,047$860,552$853,233$849,281
2 years$437,424$429,277$421,382$413,727$406,301$402,312
3 years$288,719$280,537$272,662$265,079$257,774$253,871
4 years$214,381$206,225$198,428$190,974$183,847$180,060
5 years$169,790$161,683$153,988$146,687$139,757$136,098
6 years$140,073$132,026$124,445$117,306$110,585$107,059
7 years$118,854$110,875$103,415$96,444$89,935$86,543
8 years$102,948$95,041$87,704$80,905$74,610$71,352
9 years$90,582$82,750$75,539$68,913$62,833$59,708
10 years$80,696$72,940$65,857$59,403$53,536$50,544
11 years$72,612$64,934$57,979$51,699$46,043$43,181
12 years$65,881$58,281$51,455$45,347$39,900$37,166
13 years$60,189$52,669$45,972$40,034$34,794$32,185
14 years$55,315$47,875$41,306$35,538$30,500$28,014
15 years$51,094$43,735$37,294$31,694$26,854$24,488
16 years$47,405$40,126$33,812$28,378$23,734$21,484
17 years$44,153$36,954$30,768$25,498$21,044$18,907
18 years$41,266$34,147$28,087$22,979$18,712$16,684
19 years$38,685$31,648$25,712$20,763$16,678$14,756
20 years$36,366$29,408$23,597$18,805$14,897$13,077
21 years$34,270$27,393$21,705$17,067$13,331$11,610
22 years$32,367$25,570$20,005$15,518$11,950$10,323
23 years$30,633$23,915$18,471$14,132$10,727$9,191
24 years$29,045$22,407$17,082$12,889$9,641$8,193
25 years$27,586$21,028$15,822$11,771$8,676$7,311
26 years$26,242$19,763$14,674$10,763$7,815$6,530
27 years$25,000$18,599$13,626$9,852$7,046$5,837
28 years$23,848$17,526$12,667$9,026$6,357$5,221
29 years$22,778$16,534$11,788$8,277$5,741$4,674
30 years$21,781$15,614$10,980$7,596$5,187$4,186
31 years$20,850$14,761$10,236$6,977$4,690$3,751
32 years$19,979$13,967$9,551$6,412$4,242$3,363
33 years$19,162$13,227$8,917$5,896$3,839$3,016
34 years$18,395$12,536$8,332$5,425$3,476$2,706
35 years$17,674$11,890$7,790$4,994$3,148$2,429
36 years$16,994$11,285$7,287$4,599$2,852$2,181
37 years$16,353$10,718$6,821$4,238$2,585$1,958
38 years$15,746$10,186$6,387$3,906$2,344$1,759
39 years$15,172$9,686$5,984$3,602$2,125$1,580
40 years$14,629$9,216$5,609$3,322$1,928$1,420
41 years$14,113$8,772$5,259$3,065$1,749$1,276
42 years$13,623$8,355$4,933$2,828$1,587$1,147
43 years$13,157$7,960$4,629$2,611$1,440$1,031
44 years$12,713$7,588$4,345$2,411$1,307$927
45 years$12,290$7,236$4,080$2,226$1,187$834
46 years$11,887$6,903$3,832$2,057$1,078$750
47 years$11,503$6,587$3,600$1,900$979$674
48 years$11,135$6,288$3,383$1,756$889$607
49 years$10,783$6,005$3,180$1,623$807$546
50 years$10,447$5,736$2,990$1,500$733$491

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 $4,172 every year, while hoping to spend $37,209 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: 43/28/29 Blend
54$10,700,000$10,700,000$10,700,000$10,700,000
55$11,795,703$11,228,603$11,062,753$12,202,961
56$12,959,275$11,739,215$11,393,766$13,006,471
57$14,240,284$12,273,599$11,734,620$13,872,692
58$15,650,669$12,832,882$12,085,606$14,810,572
59$17,203,587$13,418,243$12,447,023$15,826,782
60$18,913,534$14,030,918$12,819,179$16,928,645
61$20,796,484$14,672,202$13,202,391$18,124,206
62$22,870,038$15,343,452$13,596,984$19,422,304
63$25,153,592$16,046,092$14,003,293$20,832,647
64$27,668,520$16,781,612$14,421,665$22,365,904
65$30,438,372$17,551,574$14,852,454$24,033,800
66$33,489,100$18,357,615$15,296,025$25,849,225
67$36,849,302$19,201,452$15,752,756$27,826,345
68$40,550,490$20,084,883$16,223,033$29,980,739
69$44,627,390$21,009,792$16,707,254$32,329,533
70$49,118,268$21,978,156$17,205,831$34,891,565
71$54,065,290$22,992,044$17,719,185$37,687,550
72$59,514,923$24,053,628$18,247,751$40,740,273
73$65,518,369$25,165,180$18,791,975$44,074,802
74$72,132,055$26,329,085$19,352,318$47,718,711
75$79,418,157$27,547,843$19,929,253$51,702,339
76$87,445,193$28,824,071$20,523,267$56,059,070
77$96,288,668$30,160,516$21,134,862$60,825,640
78$106,031,785$31,560,055$21,764,553$66,042,475
79$116,766,233$33,025,703$22,412,872$71,754,068
80$128,593,050$34,560,624$23,080,364$78,009,389
81$141,623,577$36,168,130$23,767,592$84,862,340
82$155,980,510$37,851,697$24,475,134$92,372,257
83$171,799,057$39,614,965$25,203,586$100,604,457
84$189,228,215$41,461,752$25,953,560$109,630,848
85$208,432,174$43,396,059$26,725,686$119,530,599
86$229,591,872$45,422,083$27,520,613$130,390,874
87$252,906,697$47,544,219$28,339,007$142,307,649
88$278,596,373$49,767,078$29,181,557$155,386,601
89$306,903,031$52,095,493$30,048,967$169,744,099
90$338,093,498$54,534,529$30,941,965$185,508,285
91$372,461,812$57,089,499$31,861,299$202,820,280
92$410,332,003$59,765,970$32,807,737$221,835,492
93$452,061,144$62,569,779$33,782,073$242,725,076
94$498,042,728$65,507,046$34,785,120$265,677,537
95$548,710,381$68,584,187$35,817,717$290,900,486
96$604,541,955$71,807,927$36,880,726$318,622,594
97$666,064,038$75,185,318$37,975,033$349,095,726
98$733,856,925$78,723,755$39,101,552$382,597,307
99$808,560,099$82,430,986$40,261,222$419,432,920
100$890,878,265$86,315,140$41,455,008$459,939,174