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%
1 years$883,596$875,725$868,047$860,552$853,233$839,098
2 years$437,424$429,277$421,382$413,727$406,301$392,102
3 years$288,719$280,537$272,662$265,079$257,774$243,952
4 years$214,381$206,225$198,428$190,974$183,847$170,509
5 years$169,790$161,683$153,988$146,687$139,757$126,942
6 years$140,073$132,026$124,445$117,306$110,585$98,307
7 years$118,854$110,875$103,415$96,444$89,935$78,198
8 years$102,948$95,041$87,704$80,905$74,610$63,411
9 years$90,582$82,750$75,539$68,913$62,833$52,165
10 years$80,696$72,940$65,857$59,403$53,536$43,393
11 years$72,612$64,934$57,979$51,699$46,043$36,412
12 years$65,881$58,281$51,455$45,347$39,900$30,769
13 years$60,189$52,669$45,972$40,034$34,794$26,149
14 years$55,315$47,875$41,306$35,538$30,500$22,328
15 years$51,094$43,735$37,294$31,694$26,854$19,139
16 years$47,405$40,126$33,812$28,378$23,734$16,459
17 years$44,153$36,954$30,768$25,498$21,044$14,194
18 years$41,266$34,147$28,087$22,979$18,712$12,269
19 years$38,685$31,648$25,712$20,763$16,678$10,626
20 years$36,366$29,408$23,597$18,805$14,897$9,218
21 years$34,270$27,393$21,705$17,067$13,331$8,009
22 years$32,367$25,570$20,005$15,518$11,950$6,967
23 years$30,633$23,915$18,471$14,132$10,727$6,067
24 years$29,045$22,407$17,082$12,889$9,641$5,289
25 years$27,586$21,028$15,822$11,771$8,676$4,614
26 years$26,242$19,763$14,674$10,763$7,815$4,028
27 years$25,000$18,599$13,626$9,852$7,046$3,518
28 years$23,848$17,526$12,667$9,026$6,357$3,075
29 years$22,778$16,534$11,788$8,277$5,741$2,689
30 years$21,781$15,614$10,980$7,596$5,187$2,352
31 years$20,850$14,761$10,236$6,977$4,690$2,058
32 years$19,979$13,967$9,551$6,412$4,242$1,801
33 years$19,162$13,227$8,917$5,896$3,839$1,577
34 years$18,395$12,536$8,332$5,425$3,476$1,381
35 years$17,674$11,890$7,790$4,994$3,148$1,210
36 years$16,994$11,285$7,287$4,599$2,852$1,060
37 years$16,353$10,718$6,821$4,238$2,585$929
38 years$15,746$10,186$6,387$3,906$2,344$814
39 years$15,172$9,686$5,984$3,602$2,125$713
40 years$14,629$9,216$5,609$3,322$1,928$625
41 years$14,113$8,772$5,259$3,065$1,749$548
42 years$13,623$8,355$4,933$2,828$1,587$481
43 years$13,157$7,960$4,629$2,611$1,440$421
44 years$12,713$7,588$4,345$2,411$1,307$369
45 years$12,290$7,236$4,080$2,226$1,187$324
46 years$11,887$6,903$3,832$2,057$1,078$284
47 years$11,503$6,587$3,600$1,900$979$249
48 years$11,135$6,288$3,383$1,756$889$218
49 years$10,783$6,005$3,180$1,623$807$192
50 years$10,447$5,736$2,990$1,500$733$168

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 $3,766 every year, while hoping to spend $43,378 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: 61/11/28 Blend
54$10,700,000$10,700,000$10,700,000$10,700,000
55$11,795,285$11,228,185$11,062,335$12,425,566
56$12,952,250$11,732,212$11,386,769$13,359,198
57$14,225,772$12,259,482$11,720,618$14,372,848
58$15,627,693$12,811,090$12,064,151$15,478,424
59$17,171,063$13,388,179$12,417,646$16,684,913
60$18,870,262$13,991,950$12,781,388$18,002,199
61$20,741,133$14,623,660$13,155,668$19,441,165
62$22,801,135$15,284,626$13,540,790$21,013,786
63$25,069,506$15,976,228$13,937,062$22,733,242
64$27,567,445$16,699,912$14,344,802$24,614,044
65$30,318,310$17,457,193$14,764,339$26,672,162
66$33,347,842$18,249,660$15,196,008$28,925,181
67$36,684,403$19,078,974$15,640,156$31,392,459
68$40,359,248$19,946,880$16,097,137$34,095,310
69$44,406,819$20,855,205$16,567,318$37,057,202
70$48,865,066$21,805,861$17,051,075$40,303,978
71$53,775,809$22,800,855$17,548,793$43,864,093
72$59,185,134$23,842,289$18,060,869$47,768,883
73$65,143,821$24,932,365$18,587,712$52,052,858
74$71,707,832$26,073,392$19,129,741$56,754,022
75$78,938,830$27,267,788$19,687,388$61,914,232
76$86,904,770$28,518,088$20,261,094$67,579,590
77$95,680,533$29,826,951$20,851,317$73,800,869
78$105,348,634$31,197,159$21,458,523$80,633,997
79$116,000,006$32,631,630$22,083,195$88,140,574
80$127,734,851$34,133,424$22,725,826$96,388,457
81$140,663,589$35,705,746$23,386,925$105,452,388
82$154,907,902$37,351,954$24,067,013$115,414,703
83$170,601,878$39,075,570$24,766,629$126,366,101
84$187,893,282$40,880,285$25,486,323$138,406,498
85$206,944,944$42,769,966$26,226,662$151,645,962
86$227,936,301$44,748,667$26,988,228$166,205,752
87$251,065,091$46,820,639$27,771,621$182,219,454
88$276,549,215$48,990,335$28,577,454$199,834,238
89$304,628,797$51,262,424$29,406,361$219,212,242
90$335,568,450$53,641,799$30,258,991$240,532,098
91$369,659,776$56,133,590$31,136,010$263,990,609
92$407,224,111$58,743,175$32,038,105$289,804,607
93$448,615,569$61,476,188$32,965,980$318,212,985
94$494,224,375$64,338,540$33,920,359$349,478,954
95$544,480,555$67,336,422$34,901,984$383,892,515
96$599,857,992$70,476,327$35,911,621$421,773,194
97$660,878,901$73,765,061$36,950,054$463,473,045
98$728,118,757$77,209,757$38,018,089$509,379,972
99$802,211,731$80,817,896$39,116,556$559,921,380
100$883,856,671$84,597,316$40,246,303$615,568,199