Can I retire at age 55 with 11,400,000?

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 $11,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$941,401$933,016$924,835$916,849$909,052$891,062
2 years$466,040$457,361$448,949$440,793$432,882$414,833
3 years$307,607$298,890$290,500$282,420$274,638$257,094
4 years$228,406$219,716$211,409$203,468$195,874$178,969
5 years$180,898$172,260$164,062$156,283$148,900$132,683
6 years$149,236$140,663$132,587$124,981$117,820$102,307
7 years$126,630$118,129$110,180$102,754$95,819$81,015
8 years$109,682$101,258$93,442$86,197$79,491$65,392
9 years$96,508$88,163$80,481$73,421$66,943$53,539
10 years$85,975$77,712$70,165$63,290$57,039$44,317
11 years$77,362$69,182$61,772$55,081$49,055$37,001
12 years$70,191$62,094$54,821$48,313$42,510$31,106
13 years$64,127$56,115$48,979$42,653$37,070$26,296
14 years$58,934$51,007$44,008$37,863$32,495$22,332
15 years$54,437$46,596$39,733$33,767$28,611$19,037
16 years$50,506$42,751$36,024$30,235$25,287$16,280
17 years$47,042$39,372$32,781$27,166$22,421$13,959
18 years$43,965$36,381$29,924$24,482$19,936$11,996
19 years$41,216$33,718$27,394$22,121$17,769$10,328
20 years$38,745$31,332$25,141$20,035$15,872$8,907
21 years$36,512$29,185$23,125$18,183$14,203$7,691
22 years$34,485$27,243$21,313$16,533$12,731$6,650
23 years$32,637$25,480$19,679$15,057$11,428$5,755
24 years$30,945$23,873$18,200$13,733$10,272$4,985
25 years$29,391$22,404$16,857$12,541$9,243$4,321
26 years$27,959$21,056$15,634$11,467$8,326$3,748
27 years$26,635$19,816$14,517$10,496$7,507$3,253
28 years$25,408$18,672$13,496$9,617$6,773$2,825
29 years$24,268$17,615$12,559$8,819$6,116$2,454
30 years$23,205$16,636$11,698$8,093$5,526$2,132
31 years$22,214$15,726$10,906$7,433$4,996$1,854
32 years$21,286$14,880$10,175$6,831$4,520$1,612
33 years$20,416$14,092$9,501$6,282$4,090$1,402
34 years$19,599$13,356$8,877$5,780$3,703$1,219
35 years$18,830$12,668$8,299$5,321$3,354$1,061
36 years$18,106$12,024$7,764$4,900$3,039$923
37 years$17,422$11,420$7,267$4,515$2,754$803
38 years$16,776$10,853$6,805$4,162$2,497$699
39 years$16,165$10,320$6,376$3,837$2,264$609
40 years$15,586$9,819$5,976$3,539$2,054$530
41 years$15,036$9,346$5,603$3,265$1,863$461
42 years$14,514$8,901$5,256$3,014$1,691$402
43 years$14,017$8,481$4,932$2,782$1,535$350
44 years$13,545$8,084$4,630$2,569$1,393$305
45 years$13,095$7,709$4,347$2,372$1,264$265
46 years$12,665$7,354$4,083$2,191$1,148$231
47 years$12,255$7,018$3,836$2,024$1,043$201
48 years$11,863$6,700$3,605$1,871$947$175
49 years$11,489$6,398$3,388$1,729$860$153
50 years$11,130$6,111$3,185$1,598$781$133

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $11,400,000, adding $5,674 every year, while hoping to spend $21,262 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: 34/44/22 Blend
54$11,400,000$11,400,000$11,400,000$11,400,000
55$12,568,653$11,964,453$11,787,753$12,911,345
56$13,828,033$12,528,088$12,160,020$13,729,814
57$15,215,157$13,118,629$12,544,045$14,609,473
58$16,743,033$13,737,372$12,940,201$15,557,645
59$18,425,993$14,385,675$13,348,869$16,580,415
60$20,279,834$15,064,962$13,770,445$17,684,447
61$22,321,960$15,776,728$14,205,338$18,877,047
62$24,571,550$16,522,538$14,653,967$20,166,217
63$27,049,741$17,304,035$15,116,767$21,560,734
64$29,779,821$18,122,939$15,594,186$23,070,221
65$32,787,456$18,981,057$16,086,685$24,705,232
66$36,100,928$19,880,280$16,594,740$26,477,346
67$39,751,403$20,822,593$17,118,843$28,399,267
68$43,773,223$21,810,078$17,659,502$30,484,940
69$48,204,235$22,844,915$18,217,239$32,749,669
70$53,086,144$23,929,393$18,792,593$35,210,261
71$58,464,908$25,065,910$19,386,122$37,885,167
72$64,391,171$26,256,982$19,998,399$40,794,656
73$70,920,742$27,505,246$20,630,017$43,960,990
74$78,115,122$28,813,467$21,281,587$47,408,627
75$86,042,083$30,184,546$21,953,739$51,164,443
76$94,776,310$31,621,523$22,647,124$55,257,970
77$104,400,103$33,127,587$23,362,412$59,721,671
78$115,004,156$34,706,081$24,100,295$64,591,227
79$126,688,412$36,360,512$24,861,488$69,905,866
80$139,563,009$38,094,556$25,646,726$75,708,717
81$153,749,314$39,912,067$26,456,770$82,047,207
82$169,381,075$41,817,089$27,292,403$88,973,494
83$186,605,679$43,813,862$28,154,433$96,544,940
84$205,585,547$45,906,829$29,043,695$104,824,643
85$226,499,663$48,100,654$29,961,049$113,882,013
86$249,545,268$50,400,225$30,907,383$123,793,409
87$274,939,717$52,810,668$31,883,612$134,642,845
88$302,922,536$55,337,358$32,890,681$146,522,763
89$333,757,680$57,985,934$33,929,564$159,534,885
90$367,736,026$60,762,308$35,001,267$173,791,154
91$405,178,117$63,672,677$36,106,826$189,414,768
92$446,437,192$66,723,546$37,247,312$206,541,323
93$491,902,516$69,921,730$38,423,827$225,320,067
94$542,003,058$73,274,380$39,637,511$245,915,286
95$597,211,540$76,788,994$40,889,537$268,507,825
96$658,048,898$80,473,436$42,181,118$293,296,776
97$725,089,203$84,335,951$43,513,502$320,501,321
98$798,965,077$88,385,189$44,887,980$350,362,777
99$880,373,669$92,630,217$46,305,882$383,146,838
100$970,083,233$97,080,548$47,768,579$419,146,058