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

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 $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%15.6%
1 years$933,143$924,831$916,722$908,807$901,078$880,367
2 years$461,952$453,349$445,011$436,926$429,085$408,334
3 years$304,909$296,268$287,951$279,943$272,229$252,086
4 years$226,403$217,789$209,555$201,683$194,156$174,775
5 years$179,311$170,749$162,623$154,912$147,594$129,031
6 years$147,927$139,429$131,424$123,884$116,786$99,059
7 years$125,519$117,093$109,214$101,852$94,979$78,090
8 years$108,720$100,370$92,622$85,441$78,794$62,738
9 years$95,662$87,390$79,775$72,777$66,356$51,120
10 years$85,221$77,030$69,550$62,734$56,538$42,107
11 years$76,684$68,575$61,231$54,598$48,625$34,977
12 years$69,575$61,550$54,341$47,890$42,137$29,252
13 years$63,564$55,623$48,550$42,279$36,745$24,597
14 years$58,417$50,560$43,622$37,531$32,210$20,776
15 years$53,959$46,187$39,385$33,471$28,360$17,613
16 years$50,063$42,376$35,708$29,970$25,065$14,977
17 years$46,629$39,027$32,493$26,927$22,224$12,768
18 years$43,580$36,062$29,662$24,267$19,761$10,908
19 years$40,855$33,422$27,154$21,927$17,613$9,336
20 years$38,405$31,057$24,921$19,859$15,732$8,003
21 years$36,192$28,929$22,922$18,024$14,079$6,869
22 years$34,182$27,004$21,126$16,388$12,620$5,902
23 years$32,350$25,256$19,506$14,925$11,328$5,076
24 years$30,673$23,664$18,040$13,612$10,182$4,369
25 years$29,133$22,207$16,709$12,431$9,162$3,763
26 years$27,714$20,871$15,497$11,367$8,253$3,244
27 years$26,402$19,642$14,390$10,404$7,441$2,797
28 years$25,185$18,509$13,377$9,532$6,714$2,413
29 years$24,055$17,461$12,449$8,741$6,063$2,082
30 years$23,002$16,490$11,596$8,022$5,478$1,798
31 years$22,019$15,588$10,810$7,368$4,953$1,552
32 years$21,099$14,750$10,086$6,771$4,480$1,341
33 years$20,237$13,968$9,417$6,227$4,054$1,158
34 years$19,427$13,239$8,799$5,729$3,671$1,001
35 years$18,665$12,557$8,227$5,274$3,325$865
36 years$17,947$11,918$7,696$4,857$3,012$748
37 years$17,269$11,320$7,203$4,475$2,730$646
38 years$16,629$10,758$6,745$4,125$2,475$559
39 years$16,023$10,229$6,320$3,803$2,245$483
40 years$15,449$9,732$5,923$3,508$2,036$418
41 years$14,904$9,264$5,554$3,237$1,847$361
42 years$14,387$8,823$5,210$2,987$1,676$312
43 years$13,894$8,407$4,889$2,757$1,521$270
44 years$13,426$8,013$4,589$2,546$1,381$234
45 years$12,980$7,641$4,309$2,351$1,253$202
46 years$12,554$7,290$4,047$2,172$1,138$175
47 years$12,148$6,956$3,802$2,007$1,033$151
48 years$11,759$6,641$3,573$1,854$938$131
49 years$11,388$6,342$3,358$1,714$852$113
50 years$11,033$6,058$3,157$1,584$774$98

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 $6,923 every year, while hoping to spend $48,866 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: 46/35/19 Blend
54$11,300,000$11,300,000$11,300,000$11,300,000
55$12,459,741$11,860,841$11,685,691$12,964,957
56$13,678,642$12,390,029$12,025,169$13,847,961
57$15,020,232$12,943,510$12,374,381$14,799,939
58$16,496,976$13,522,422$12,733,603$15,831,734
59$18,122,604$14,127,958$13,103,115$16,950,803
60$19,912,250$14,761,367$13,483,210$18,165,330
61$21,882,585$15,423,960$13,874,183$19,484,307
62$24,051,982$16,117,107$14,276,341$20,917,611
63$26,440,684$16,842,246$14,689,999$22,476,094
64$29,071,000$17,600,881$15,115,479$24,171,679
65$31,967,508$18,394,591$15,553,114$26,017,472
66$35,157,295$19,225,027$16,003,245$28,027,876
67$38,670,208$20,093,922$16,466,222$30,218,726
68$42,539,133$21,003,088$16,942,405$32,607,430
69$46,800,313$21,954,428$17,432,164$35,213,130
70$51,493,682$22,949,932$17,935,878$38,056,877
71$56,663,247$23,991,687$18,453,939$41,161,820
72$62,357,499$25,081,881$18,986,747$44,553,424
73$68,629,874$26,222,804$19,534,714$48,259,697
74$75,539,258$27,416,858$20,098,263$52,311,455
75$83,150,536$28,666,558$20,677,829$56,742,600
76$91,535,212$29,974,540$21,273,857$61,590,433
77$100,772,080$31,343,569$21,886,808$66,896,001
78$110,947,967$32,776,539$22,517,151$72,704,475
79$122,158,554$34,276,484$23,165,370$79,065,567
80$134,509,279$35,846,584$23,831,962$86,033,989
81$148,116,330$37,490,171$24,517,437$93,669,965
82$163,107,744$39,210,738$25,222,320$102,039,783
83$179,624,614$41,011,944$25,947,148$111,216,417
84$197,822,421$42,897,626$26,692,474$121,280,200
85$217,872,502$44,871,803$27,458,865$132,319,573
86$239,963,664$46,938,689$28,246,905$144,431,909
87$264,303,973$49,102,699$29,057,191$157,724,419
88$291,122,710$51,368,463$29,890,338$172,315,151
89$320,672,539$53,740,831$30,746,977$188,334,091
90$353,231,893$56,224,887$31,627,756$205,924,375
91$389,107,600$58,825,960$32,533,340$225,243,628
92$428,637,780$61,549,637$33,464,411$246,465,436
93$472,195,036$64,401,772$34,421,672$269,780,967
94$520,189,973$67,388,501$35,405,841$295,400,758
95$573,075,071$70,516,259$36,417,657$323,556,688
96$631,348,959$73,791,787$37,457,880$354,504,148
97$695,561,122$77,222,153$38,527,288$388,524,429
98$766,317,083$80,814,765$39,626,679$425,927,362
99$844,284,128$84,577,391$40,756,875$467,054,220
100$930,197,596$88,518,171$41,918,717$512,280,915