Can I retire at age 55 with 11,300,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $11,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$933,143$924,831$916,722$908,807$901,078$876,451
2 years$461,952$453,349$445,011$436,926$429,085$404,454
3 years$304,909$296,268$287,951$279,943$272,229$248,365
4 years$226,403$217,789$209,555$201,683$194,156$171,242
5 years$179,311$170,749$162,623$154,912$147,594$125,693
6 years$147,927$139,429$131,424$123,884$116,786$95,919
7 years$125,519$117,093$109,214$101,852$94,979$75,146
8 years$108,720$100,370$92,622$85,441$78,794$59,985
9 years$95,662$87,390$79,775$72,777$66,356$48,554
10 years$85,221$77,030$69,550$62,734$56,538$39,720
11 years$76,684$68,575$61,231$54,598$48,625$32,764
12 years$69,575$61,550$54,341$47,890$42,137$27,204
13 years$63,564$55,623$48,550$42,279$36,745$22,707
14 years$58,417$50,560$43,622$37,531$32,210$19,035
15 years$53,959$46,187$39,385$33,471$28,360$16,013
16 years$50,063$42,376$35,708$29,970$25,065$13,510
17 years$46,629$39,027$32,493$26,927$22,224$11,426
18 years$43,580$36,062$29,662$24,267$19,761$9,683
19 years$40,855$33,422$27,154$21,927$17,613$8,219
20 years$38,405$31,057$24,921$19,859$15,732$6,987
21 years$36,192$28,929$22,922$18,024$14,079$5,946
22 years$34,182$27,004$21,126$16,388$12,620$5,066
23 years$32,350$25,256$19,506$14,925$11,328$4,320
24 years$30,673$23,664$18,040$13,612$10,182$3,686
25 years$29,133$22,207$16,709$12,431$9,162$3,147
26 years$27,714$20,871$15,497$11,367$8,253$2,688
27 years$26,402$19,642$14,390$10,404$7,441$2,298
28 years$25,185$18,509$13,377$9,532$6,714$1,964
29 years$24,055$17,461$12,449$8,741$6,063$1,680
30 years$23,002$16,490$11,596$8,022$5,478$1,437
31 years$22,019$15,588$10,810$7,368$4,953$1,230
32 years$21,099$14,750$10,086$6,771$4,480$1,053
33 years$20,237$13,968$9,417$6,227$4,054$901
34 years$19,427$13,239$8,799$5,729$3,671$771
35 years$18,665$12,557$8,227$5,274$3,325$661
36 years$17,947$11,918$7,696$4,857$3,012$566
37 years$17,269$11,320$7,203$4,475$2,730$484
38 years$16,629$10,758$6,745$4,125$2,475$415
39 years$16,023$10,229$6,320$3,803$2,245$355
40 years$15,449$9,732$5,923$3,508$2,036$304
41 years$14,904$9,264$5,554$3,237$1,847$261
42 years$14,387$8,823$5,210$2,987$1,676$223
43 years$13,894$8,407$4,889$2,757$1,521$191
44 years$13,426$8,013$4,589$2,546$1,381$164
45 years$12,980$7,641$4,309$2,351$1,253$140
46 years$12,554$7,290$4,047$2,172$1,138$120
47 years$12,148$6,956$3,802$2,007$1,033$103
48 years$11,759$6,641$3,573$1,854$938$88
49 years$11,388$6,342$3,358$1,714$852$76
50 years$11,033$6,058$3,157$1,584$774$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $11,300,000, adding $6,975 every year, while hoping to spend $28,688 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: 39/41/20 Blend
54$11,300,000$11,300,000$11,300,000$11,300,000
55$12,459,795$11,860,895$11,685,745$12,871,187
56$13,700,170$12,411,555$12,046,693$13,718,228
57$15,066,102$12,988,236$12,418,772$14,630,276
58$16,570,367$13,592,182$12,802,324$15,615,876
59$18,227,045$14,224,699$13,197,702$16,681,715
60$20,051,648$14,887,154$13,605,269$17,835,123
61$22,061,272$15,580,980$14,025,402$19,084,141
62$24,274,755$16,307,682$14,458,486$20,437,592
63$26,712,855$17,068,833$14,904,921$21,905,157
64$29,398,447$17,866,087$15,365,116$23,497,464
65$32,356,737$18,701,173$15,839,496$25,226,176
66$35,615,501$19,575,908$16,328,496$27,104,104
67$39,205,349$20,492,194$16,832,567$29,145,312
68$43,160,008$21,452,025$17,352,172$31,365,252
69$47,516,647$22,457,493$17,887,788$33,780,895
70$52,316,225$23,510,790$18,439,909$36,410,889
71$57,603,876$24,614,214$19,009,041$39,275,725
72$63,429,335$25,770,174$19,595,708$42,397,924
73$69,847,412$26,981,198$20,200,450$45,802,240
74$76,918,505$28,249,933$20,823,821$49,515,883
75$84,709,168$29,579,155$21,466,395$53,568,772
76$93,292,745$30,971,776$22,128,761$57,993,801
77$102,750,060$32,430,848$22,811,529$62,827,145
78$113,170,177$33,959,570$23,515,326$68,108,588
79$124,651,243$35,561,297$24,240,798$73,881,889
80$137,301,416$37,239,547$24,988,610$80,195,182
81$151,239,882$38,998,007$25,759,451$87,101,420
82$166,597,984$40,840,543$26,554,027$94,658,859
83$183,520,459$42,771,210$27,373,067$102,931,600
84$202,166,806$44,794,259$28,217,324$111,990,176
85$222,712,788$46,914,146$29,087,573$121,912,203
86$245,352,097$49,135,543$29,984,611$132,783,101
87$270,298,177$51,463,352$30,909,262$144,696,882
88$297,786,243$53,902,708$31,862,374$157,757,022
89$328,075,497$56,458,998$32,844,821$172,077,417
90$361,451,580$59,137,871$33,857,505$187,783,446
91$398,229,264$61,945,249$34,901,354$205,013,131
92$438,755,424$64,887,342$35,977,324$223,918,422
93$483,412,316$67,970,660$37,086,403$244,666,607
94$532,621,181$71,202,032$38,229,607$267,441,876
95$586,846,227$74,588,617$39,407,984$292,447,031
96$646,599,004$78,137,921$40,622,614$319,905,379
97$712,443,241$81,857,817$41,874,609$350,062,813
98$785,000,160$85,756,559$43,165,117$383,190,112
99$864,954,348$89,842,801$44,495,320$419,585,463
100$953,060,214$94,125,621$45,866,436$459,577,253