Can I retire at age 55 with 11,800,000?

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 $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$974,433$965,753$957,285$949,019$940,949$914,494
2 years$482,393$473,408$464,701$456,259$448,071$421,620
3 years$318,401$309,378$300,693$292,330$284,274$258,656
4 years$236,421$227,425$218,827$210,607$202,747$178,157
5 years$187,245$178,304$169,819$161,766$154,125$130,632
6 years$154,473$145,599$137,239$129,366$121,954$99,578
7 years$131,073$122,274$114,046$106,359$99,181$77,924
8 years$113,531$104,811$96,720$89,222$82,280$62,130
9 years$99,894$91,257$83,305$75,997$69,292$50,229
10 years$88,992$80,438$72,627$65,510$59,040$41,039
11 years$80,077$71,610$63,940$57,014$50,777$33,808
12 years$72,653$64,273$56,745$50,009$44,002$28,034
13 years$66,377$58,084$50,698$44,150$38,370$23,369
14 years$61,001$52,797$45,552$39,192$33,635$19,563
15 years$56,347$48,231$41,128$34,952$29,615$16,434
16 years$52,278$44,251$37,288$31,296$26,174$13,845
17 years$48,692$40,753$33,931$28,119$23,208$11,692
18 years$45,508$37,658$30,974$25,341$20,635$9,894
19 years$42,662$34,901$28,356$22,898$18,393$8,386
20 years$40,104$32,432$26,023$20,738$16,429$7,118
21 years$37,793$30,209$23,936$18,821$14,702$6,048
22 years$35,695$28,199$22,061$17,113$13,178$5,145
23 years$33,782$26,374$20,370$15,585$11,829$4,380
24 years$32,031$24,711$18,838$14,214$10,633$3,731
25 years$30,422$23,190$17,448$12,981$9,568$3,181
26 years$28,940$21,795$16,182$11,870$8,618$2,713
27 years$27,570$20,511$15,027$10,864$7,770$2,315
28 years$26,300$19,328$13,969$9,954$7,011$1,976
29 years$25,119$18,233$13,000$9,128$6,331$1,687
30 years$24,020$17,219$12,109$8,377$5,720$1,441
31 years$22,993$16,278$11,289$7,694$5,172$1,231
32 years$22,033$15,402$10,532$7,071$4,678$1,052
33 years$21,132$14,586$9,834$6,502$4,234$899
34 years$20,286$13,825$9,188$5,983$3,833$768
35 years$19,491$13,112$8,591$5,507$3,472$657
36 years$18,741$12,446$8,036$5,072$3,146$561
37 years$18,034$11,820$7,522$4,673$2,851$480
38 years$17,365$11,234$7,044$4,308$2,585$410
39 years$16,732$10,682$6,599$3,972$2,344$351
40 years$16,132$10,163$6,186$3,663$2,126$300
41 years$15,564$9,674$5,800$3,380$1,929$257
42 years$15,023$9,213$5,441$3,119$1,750$220
43 years$14,509$8,779$5,105$2,879$1,588$188
44 years$14,020$8,368$4,792$2,659$1,442$161
45 years$13,554$7,979$4,500$2,455$1,309$137
46 years$13,109$7,612$4,226$2,268$1,188$117
47 years$12,685$7,264$3,971$2,095$1,079$100
48 years$12,280$6,935$3,731$1,936$980$86
49 years$11,892$6,622$3,507$1,789$890$74
50 years$11,521$6,326$3,297$1,654$808$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $11,800,000, adding $4,631 every year, while hoping to spend $30,332 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: 69/18/13 Blend
54$11,800,000$11,800,000$11,800,000$11,800,000
55$13,008,377$12,382,977$12,200,077$13,868,206
56$14,302,958$12,957,470$12,576,506$15,014,726
57$15,728,570$13,559,096$12,964,530$16,264,550
58$17,298,546$14,189,154$13,364,503$17,631,122
59$19,027,578$14,849,002$13,776,794$19,125,919
60$20,931,856$15,540,068$14,201,781$20,761,573
61$23,029,218$16,263,845$14,639,854$22,551,983
62$25,339,325$17,021,899$15,091,416$24,512,446
63$27,883,838$17,815,874$15,556,880$26,659,801
64$30,686,628$18,647,491$16,036,675$29,012,581
65$33,774,000$19,518,554$16,531,239$31,591,187
66$37,174,940$20,430,955$17,041,028$34,418,078
67$40,921,390$21,386,677$17,566,508$37,517,980
68$45,048,548$22,387,800$18,108,161$40,918,113
69$49,595,200$23,436,504$18,666,486$44,648,450
70$54,604,090$24,535,072$19,241,992$48,741,991
71$60,122,317$25,685,900$19,835,209$53,235,073
72$66,201,785$26,891,501$20,446,680$58,167,709
73$72,899,689$28,154,506$21,076,965$63,583,963
74$80,279,056$29,477,676$21,726,643$69,532,359
75$88,409,342$30,863,904$22,396,308$76,066,335
76$97,367,085$32,316,225$23,086,574$83,244,745
77$107,236,627$33,837,820$23,798,074$91,132,406
78$118,110,913$35,432,023$24,531,459$99,800,710
79$130,092,365$37,102,331$25,287,402$109,328,286
80$143,293,850$38,852,409$26,066,593$119,801,743
81$157,839,746$40,686,101$26,869,748$131,316,476
82$173,867,117$42,607,436$27,697,601$143,977,565
83$191,527,002$44,620,640$28,550,910$157,900,758
84$210,985,847$46,730,142$29,430,456$173,213,559
85$232,427,072$48,940,587$30,337,045$190,056,421
86$256,052,802$51,256,845$31,271,505$208,584,068
87$282,085,780$53,684,022$32,234,692$228,966,947
88$310,771,462$56,227,472$33,227,487$251,392,830
89$342,380,341$58,892,808$34,250,798$276,068,574
90$377,210,497$61,685,917$35,305,561$303,222,072
91$415,590,411$64,612,970$36,392,740$333,104,388
92$457,882,066$67,680,438$37,513,330$365,992,125
93$504,484,364$70,895,108$38,668,355$402,190,017
94$555,836,895$74,264,093$39,858,870$442,033,806
95$612,424,080$77,794,856$41,085,964$485,893,390
96$674,779,751$81,495,218$42,350,758$534,176,313
97$743,492,184$85,373,383$43,654,408$587,331,595
98$819,209,661$89,437,952$44,998,104$645,853,956
99$902,646,580$93,697,946$46,383,074$710,288,483
100$994,590,207$98,162,821$47,810,583$781,235,751