Can I retire at age 55 with 11,700,000?

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 $11,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$966,175$957,569$949,172$940,977$932,974$924,386
2 years$478,304$469,397$460,763$452,393$444,274$435,620
3 years$315,702$306,756$298,144$289,852$281,865$273,415
4 years$234,417$225,498$216,973$208,822$201,029$192,847
5 years$185,659$176,793$168,380$160,396$152,819$144,930
6 years$153,164$144,365$136,076$128,270$120,920$113,334
7 years$129,962$121,237$113,080$105,458$98,341$91,060
8 years$112,569$103,923$95,901$88,466$81,583$74,609
9 years$99,048$90,484$82,599$75,353$68,705$62,034
10 years$88,237$79,757$72,012$64,955$58,540$52,168
11 years$79,398$71,003$63,398$56,530$50,346$44,269
12 years$72,038$63,728$56,264$49,585$43,629$37,840
13 years$65,814$57,592$50,268$43,776$38,045$32,539
14 years$60,484$52,349$45,166$38,859$33,350$28,118
15 years$55,870$47,822$40,779$34,656$29,364$24,399
16 years$51,835$43,876$36,972$31,030$25,952$21,247
17 years$48,280$40,408$33,643$27,881$23,011$18,556
18 years$45,122$37,339$30,712$25,126$20,460$16,248
19 years$42,301$34,605$28,115$22,704$18,237$14,258
20 years$39,765$32,157$25,803$20,562$16,289$12,535
21 years$37,473$29,953$23,734$18,662$14,577$11,039
22 years$35,392$27,960$21,874$16,968$13,066$9,735
23 years$33,495$26,150$20,197$15,453$11,729$8,596
24 years$31,759$24,501$18,679$14,094$10,542$7,598
25 years$30,164$22,993$17,300$12,871$9,487$6,723
26 years$28,695$21,610$16,045$11,769$8,545$5,953
27 years$27,336$20,337$14,899$10,772$7,704$5,275
28 years$26,077$19,164$13,851$9,870$6,952$4,678
29 years$24,906$18,079$12,889$9,051$6,277$4,151
30 years$23,816$17,074$12,006$8,306$5,672$3,685
31 years$22,798$16,140$11,193$7,629$5,128$3,272
32 years$21,846$15,272$10,443$7,011$4,638$2,907
33 years$20,953$14,463$9,751$6,447$4,198$2,584
34 years$20,114$13,707$9,111$5,932$3,801$2,297
35 years$19,326$13,001$8,518$5,461$3,442$2,043
36 years$18,582$12,340$7,968$5,029$3,119$1,817
37 years$17,881$11,720$7,458$4,634$2,827$1,617
38 years$17,218$11,138$6,984$4,271$2,563$1,439
39 years$16,590$10,592$6,543$3,938$2,324$1,281
40 years$15,996$10,077$6,133$3,632$2,108$1,140
41 years$15,432$9,592$5,751$3,351$1,912$1,015
42 years$14,896$9,135$5,395$3,093$1,735$904
43 years$14,386$8,704$5,062$2,855$1,575$805
44 years$13,901$8,297$4,752$2,636$1,430$717
45 years$13,439$7,912$4,462$2,435$1,298$638
46 years$12,998$7,548$4,190$2,249$1,178$568
47 years$12,578$7,203$3,937$2,078$1,070$506
48 years$12,176$6,876$3,700$1,920$972$451
49 years$11,791$6,566$3,477$1,774$883$402
50 years$11,423$6,272$3,269$1,640$802$358

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $11,700,000, adding $6,484 every year, while hoping to spend $37,297 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: 68/12/20 Blend
54$11,700,000$11,700,000$11,700,000$11,700,000
55$12,900,088$12,279,988$12,098,638$13,712,856
56$14,176,214$12,842,024$12,464,259$14,819,255
57$15,581,254$13,430,349$12,840,878$16,024,144
58$17,128,318$14,046,213$13,228,824$17,341,272
59$18,831,854$14,690,925$13,628,436$18,781,698
60$20,707,777$15,365,855$14,040,064$20,357,596
61$22,773,630$16,072,441$14,464,066$22,082,366
62$25,048,741$16,812,191$14,900,812$23,970,758
63$27,554,407$17,586,683$15,350,684$26,039,008
64$30,314,097$18,397,571$15,814,073$28,304,994
65$33,353,674$19,246,591$16,291,383$30,788,398
66$36,701,636$20,135,561$16,783,031$33,510,889
67$40,389,385$21,066,386$17,289,445$36,496,328
68$44,451,526$22,041,062$17,811,065$39,770,989
69$48,926,191$23,061,684$18,348,346$43,363,805
70$53,855,402$24,130,446$18,901,755$47,306,637
71$59,285,463$25,249,648$19,471,773$51,634,574
72$65,267,399$26,421,700$20,058,897$56,386,257
73$71,857,440$27,649,129$20,663,636$61,604,246
74$79,117,547$28,934,584$21,286,516$67,335,416
75$87,116,000$30,280,842$21,928,077$73,631,394
76$95,928,042$31,690,814$22,588,878$80,549,045
77$105,636,588$33,167,549$23,269,491$88,151,006
78$116,333,009$34,714,247$23,970,507$96,506,270
79$128,117,990$36,334,261$24,692,534$105,690,837
80$141,102,489$38,031,103$25,436,198$115,788,424
81$155,408,776$39,808,460$26,202,143$126,891,253
82$171,171,589$41,670,193$26,991,033$139,100,916
83$188,539,410$43,620,351$27,803,551$152,529,328
84$207,675,860$45,663,178$28,640,401$167,299,783
85$228,761,250$47,803,126$29,502,306$183,548,107
86$251,994,276$50,044,858$30,390,012$201,423,938
87$277,593,901$52,393,265$31,304,287$221,092,131
88$305,801,419$54,853,475$32,245,920$242,734,311
89$336,882,731$57,430,863$33,215,726$266,550,580
90$371,130,859$60,131,064$34,214,542$292,761,398
91$408,868,707$62,959,986$35,243,229$321,609,661
92$450,452,115$65,923,825$36,302,677$353,362,982
93$496,273,212$69,029,074$37,393,798$388,316,216
94$546,764,123$72,282,542$38,517,534$426,794,231
95$602,401,045$75,691,368$39,674,853$469,154,968
96$663,708,743$79,263,037$40,866,752$515,792,815
97$731,265,504$83,005,395$42,094,257$567,142,317
98$805,708,596$86,926,670$43,358,426$623,682,272
99$887,740,286$91,035,489$44,660,345$685,940,240
100$978,134,464$95,340,897$46,001,136$754,497,516