Can I retire at age 55 with 10,800,000?

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 $10,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$891,854$883,910$876,159$868,594$861,207$842,099
2 years$441,512$433,289$425,320$417,593$410,099$390,946
3 years$291,417$283,159$275,210$267,556$260,183$241,586
4 years$216,385$208,152$200,283$192,759$185,565$167,665
5 years$171,377$163,194$155,427$148,057$141,064$123,911
6 years$141,382$133,260$125,608$118,403$111,619$95,232
7 years$119,965$111,911$104,381$97,345$90,776$75,158
8 years$103,910$95,929$88,524$81,661$75,307$60,453
9 years$91,429$83,523$76,245$69,557$63,420$49,318
10 years$81,450$73,622$66,472$59,959$54,037$40,672
11 years$73,291$65,541$58,521$52,182$46,473$33,829
12 years$66,496$58,826$51,936$45,771$40,273$28,328
13 years$60,752$53,162$46,401$40,409$35,119$23,852
14 years$55,832$48,322$41,692$35,870$30,785$20,174
15 years$51,572$44,143$37,642$31,990$27,105$17,126
16 years$47,848$40,501$34,128$28,644$23,956$14,584
17 years$44,566$37,300$31,055$25,736$21,241$12,451
18 years$41,651$34,467$28,349$23,193$18,886$10,653
19 years$39,047$31,943$25,953$20,957$16,834$9,131
20 years$36,706$29,683$23,818$18,981$15,036$7,839
21 years$34,590$27,649$21,908$17,226$13,456$6,738
22 years$32,670$25,809$20,192$15,663$12,061$5,799
23 years$30,919$24,139$18,643$14,264$10,827$4,995
24 years$29,316$22,616$17,242$13,010$9,731$4,307
25 years$27,844$21,224$15,970$11,881$8,757$3,715
26 years$26,487$19,948$14,811$10,864$7,888$3,207
27 years$25,233$18,773$13,753$9,944$7,112$2,770
28 years$24,071$17,690$12,785$9,111$6,417$2,394
29 years$22,991$16,688$11,898$8,355$5,794$2,069
30 years$21,984$15,760$11,082$7,667$5,235$1,789
31 years$21,044$14,899$10,332$7,042$4,733$1,548
32 years$20,165$14,097$9,640$6,472$4,282$1,339
33 years$19,341$13,350$9,001$5,951$3,875$1,159
34 years$18,567$12,653$8,410$5,476$3,508$1,003
35 years$17,839$12,001$7,863$5,041$3,178$868
36 years$17,153$11,391$7,355$4,642$2,879$752
37 years$16,505$10,819$6,884$4,277$2,609$651
38 years$15,893$10,282$6,447$3,942$2,366$564
39 years$15,314$9,777$6,040$3,635$2,145$488
40 years$14,765$9,302$5,661$3,353$1,946$423
41 years$14,245$8,854$5,309$3,093$1,765$366
42 years$13,750$8,433$4,980$2,855$1,602$317
43 years$13,280$8,035$4,673$2,635$1,454$275
44 years$12,832$7,659$4,386$2,433$1,320$238
45 years$12,405$7,303$4,118$2,247$1,198$206
46 years$11,998$6,967$3,868$2,076$1,088$179
47 years$11,610$6,649$3,634$1,918$988$155
48 years$11,239$6,347$3,415$1,772$897$134
49 years$10,884$6,061$3,210$1,638$815$116
50 years$10,545$5,790$3,018$1,514$740$101

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $10,800,000, adding $2,621 every year, while hoping to spend $25,332 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: 63/21/16 Blend
54$10,800,000$10,800,000$10,800,000$10,800,000
55$11,904,304$11,331,904$11,164,504$12,606,933
56$13,091,589$11,860,214$11,511,561$13,607,359
57$14,399,130$12,413,562$11,869,397$14,696,268
58$15,839,163$12,993,149$12,238,344$15,884,782
59$17,425,176$13,600,232$12,618,747$17,182,598
60$19,172,031$14,236,130$13,010,962$18,600,383
61$21,096,104$14,902,227$13,415,355$20,149,871
62$23,215,441$15,599,970$13,832,304$21,843,974
63$25,549,928$16,330,880$14,262,198$23,696,896
64$28,121,478$17,096,550$14,705,438$25,724,268
65$30,954,237$17,898,650$15,162,439$27,943,291
66$34,074,816$18,738,930$15,633,627$30,372,894
67$37,512,536$19,619,227$16,119,442$33,033,913
68$41,299,709$20,541,463$16,620,338$35,949,279
69$45,471,941$21,507,657$17,136,782$39,144,234
70$50,068,471$22,519,925$17,669,256$42,646,564
71$55,132,537$23,580,482$18,218,258$46,486,860
72$60,711,785$24,691,655$18,784,299$50,698,798
73$66,858,722$25,855,881$19,367,907$55,319,455
74$73,631,208$27,075,716$19,969,629$60,389,654
75$81,093,004$28,353,838$20,590,024$65,954,345
76$89,314,372$29,693,059$21,229,672$72,063,023
77$98,372,742$31,096,322$21,889,169$78,770,193
78$108,353,436$32,566,717$22,569,131$86,135,872
79$119,350,482$34,107,481$23,270,193$94,226,157
80$131,467,494$35,722,010$23,993,007$103,113,841
81$144,818,654$37,413,864$24,738,248$112,879,092
82$159,529,788$39,186,775$25,506,611$123,610,203
83$175,739,557$41,044,657$26,298,812$135,404,420
84$193,600,760$42,991,614$27,115,591$148,368,853
85$213,281,783$45,031,949$27,957,709$162,621,480
86$234,968,184$47,170,173$28,825,951$178,292,249
87$258,864,444$49,411,017$29,721,126$195,524,300
88$285,195,902$51,759,442$30,644,069$214,475,309
89$314,210,879$54,220,649$31,595,640$235,318,960
90$346,183,021$56,800,093$32,576,725$258,246,586
91$381,413,884$59,503,492$33,588,241$283,468,956
92$420,235,781$62,336,844$34,631,128$311,218,258
93$463,014,918$65,306,438$35,706,358$341,750,281
94$510,154,853$68,418,866$36,814,934$375,346,817
95$562,100,302$71,681,045$37,957,889$412,318,309
96$619,341,341$75,100,224$39,136,287$453,006,771
97$682,418,031$78,684,008$40,351,225$497,789,002
98$751,925,515$82,440,369$41,603,836$547,080,131
99$828,519,639$86,377,669$42,895,286$601,337,519
100$912,923,142$90,504,674$44,226,777$661,065,065