Can I retire at age 55 with 11,600,000?

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 $11,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$957,917$949,385$941,060$932,934$925,000$919,171
2 years$474,216$465,385$456,825$448,526$440,476$434,596
3 years$313,004$304,134$295,596$287,375$279,456$273,707
4 years$232,413$223,571$215,118$207,038$199,311$193,737
5 years$184,072$175,282$166,941$159,025$151,513$146,131
6 years$151,855$143,131$134,913$127,173$119,887$114,704
7 years$128,851$120,201$112,113$104,556$97,500$92,519
8 years$111,607$103,035$95,081$87,710$80,886$76,106
9 years$98,201$89,710$81,893$74,709$68,118$63,539
10 years$87,483$79,075$71,396$64,400$58,040$53,659
11 years$78,720$70,396$62,856$56,047$49,916$45,730
12 years$71,422$63,184$55,783$49,161$43,256$39,262
13 years$65,252$57,100$49,839$43,402$37,720$33,913
14 years$59,968$51,902$44,780$38,527$33,065$29,441
15 years$55,392$47,413$40,431$34,360$29,113$25,667
16 years$51,392$43,501$36,656$30,765$25,730$22,458
17 years$47,867$40,063$33,356$27,642$22,814$19,709
18 years$44,737$37,020$30,449$24,911$20,285$17,343
19 years$41,939$34,309$27,875$22,509$18,081$15,295
20 years$39,425$31,882$25,582$20,387$16,150$13,516
21 years$37,153$29,697$23,531$18,502$14,453$11,964
22 years$35,090$27,721$21,687$16,823$12,955$10,607
23 years$33,209$25,927$20,024$15,321$11,629$9,415
24 years$31,488$24,292$18,519$13,973$10,452$8,367
25 years$29,907$22,797$17,152$12,761$9,405$7,443
26 years$28,449$21,425$15,908$11,668$8,472$6,628
27 years$27,102$20,164$14,772$10,680$7,638$5,906
28 years$25,854$19,000$13,732$9,785$6,892$5,266
29 years$24,694$17,924$12,779$8,973$6,223$4,699
30 years$23,613$16,928$11,903$8,235$5,623$4,195
31 years$22,603$16,002$11,097$7,564$5,084$3,747
32 years$21,659$15,141$10,354$6,951$4,599$3,348
33 years$20,774$14,339$9,667$6,392$4,162$2,993
34 years$19,943$13,590$9,033$5,881$3,768$2,677
35 years$19,160$12,890$8,445$5,414$3,413$2,394
36 years$18,423$12,235$7,900$4,986$3,092$2,142
37 years$17,728$11,620$7,394$4,594$2,803$1,917
38 years$17,071$11,043$6,924$4,235$2,541$1,717
39 years$16,449$10,501$6,487$3,904$2,304$1,537
40 years$15,859$9,991$6,081$3,601$2,090$1,376
41 years$15,300$9,510$5,702$3,323$1,896$1,233
42 years$14,768$9,057$5,348$3,066$1,720$1,104
43 years$14,263$8,630$5,019$2,831$1,561$989
44 years$13,782$8,226$4,711$2,614$1,417$886
45 years$13,324$7,844$4,423$2,414$1,287$794
46 years$12,887$7,483$4,155$2,230$1,168$712
47 years$12,470$7,141$3,903$2,060$1,061$638
48 years$12,072$6,817$3,668$1,903$963$572
49 years$11,690$6,510$3,448$1,759$875$513
50 years$11,326$6,219$3,241$1,626$795$459

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $11,600,000, adding $5,496 every year, while hoping to spend $45,058 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: 70/16/14 Blend
54$11,600,000$11,600,000$11,600,000$11,600,000
55$12,788,869$12,174,069$11,994,269$13,643,604
56$14,045,392$12,722,657$12,348,136$14,760,662
57$15,428,571$13,296,616$12,712,347$15,976,804
58$16,951,276$13,897,141$13,087,201$17,306,579
59$18,627,690$14,525,485$13,473,006$18,761,183
60$20,473,441$15,182,960$13,870,079$20,352,937
61$22,505,749$15,870,942$14,278,743$22,095,404
62$24,743,589$16,590,872$14,699,335$24,003,510
63$27,207,869$17,344,259$15,132,197$26,093,688
64$29,921,630$18,132,686$15,577,684$28,384,027
65$32,910,259$18,957,810$16,036,159$30,894,444
66$36,201,732$19,821,369$16,507,996$33,646,863
67$39,826,876$20,725,183$16,993,581$36,665,428
68$43,819,660$21,671,160$17,493,309$39,976,718
69$48,217,517$22,661,299$18,007,587$43,610,005
70$53,061,696$23,697,694$18,536,833$47,597,519
71$58,397,649$24,782,542$19,081,478$51,974,755
72$64,275,465$25,918,142$19,641,963$56,780,800
73$70,750,338$27,106,907$20,218,744$62,058,701
74$77,883,090$28,351,362$20,812,289$67,855,870
75$85,740,743$29,654,156$21,423,078$74,224,521
76$94,397,154$31,018,066$22,051,607$81,222,165
77$103,933,711$32,445,998$22,698,383$88,912,147
78$114,440,100$33,941,003$23,363,930$97,364,239
79$126,015,153$35,506,275$24,048,784$106,655,293
80$138,767,780$37,145,164$24,753,500$116,869,964
81$152,817,996$38,861,179$25,478,644$128,101,505
82$168,298,055$40,658,000$26,224,802$140,452,637
83$185,353,697$42,539,483$26,992,574$154,036,521
84$204,145,527$44,509,670$27,782,577$168,977,812
85$224,850,523$46,572,796$28,595,447$185,413,838
86$247,663,718$48,733,304$29,431,835$203,495,884
87$272,800,029$50,995,848$30,292,413$223,390,618
88$300,496,294$53,365,307$31,177,871$245,281,656
89$331,013,504$55,846,795$32,088,918$269,371,286
90$364,639,266$58,445,673$33,026,282$295,882,375
91$401,690,522$61,167,562$33,990,713$325,060,463
92$442,516,535$64,018,352$34,982,981$357,176,072
93$487,502,188$67,004,218$36,003,878$392,527,253
94$537,071,621$70,131,634$37,054,217$431,442,392
95$591,692,228$73,407,386$38,134,836$474,283,297
96$651,879,076$76,838,588$39,246,593$521,448,609
97$718,199,760$80,432,697$40,390,372$573,377,552
98$791,279,768$84,197,532$41,567,082$630,554,070
99$871,808,381$88,141,288$42,777,657$693,511,387
100$960,545,183$92,272,558$44,023,055$762,837,026