Can I retire at age 55 with 11,900,000?

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 $11,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$982,691$973,938$965,398$957,062$948,923$929,004
2 years$486,481$477,420$468,640$460,126$451,868$431,894
3 years$321,099$311,999$303,241$294,807$286,684$267,278
4 years$238,424$229,353$220,682$212,392$204,465$185,777
5 years$188,832$179,815$171,258$163,137$155,431$137,513
6 years$155,782$146,833$138,402$130,462$122,987$105,859
7 years$132,184$123,310$115,013$107,260$100,022$83,686
8 years$114,493$105,699$97,540$89,978$82,978$67,430
9 years$100,741$92,030$84,011$76,641$69,879$55,109
10 years$89,746$81,120$73,243$66,065$59,541$45,532
11 years$80,756$72,217$64,482$57,497$51,207$37,943
12 years$73,269$64,818$57,226$50,432$44,375$31,836
13 years$66,939$58,576$51,128$44,524$38,696$26,860
14 years$61,518$53,244$45,938$39,524$33,920$22,764
15 years$56,825$48,640$41,476$35,248$29,866$19,365
16 years$52,721$44,626$37,604$31,561$26,396$16,526
17 years$49,105$41,099$34,218$28,357$23,404$14,139
18 years$45,894$37,977$31,237$25,556$20,810$12,124
19 years$43,024$35,197$28,596$23,092$18,548$10,415
20 years$40,444$32,707$26,244$20,914$16,568$8,962
21 years$38,113$30,465$24,139$18,981$14,826$7,721
22 years$35,997$28,438$22,248$17,258$13,290$6,660
23 years$34,068$26,597$20,542$15,717$11,930$5,751
24 years$32,302$24,920$18,998$14,335$10,723$4,969
25 years$30,680$23,386$17,596$13,091$9,649$4,298
26 years$29,185$21,979$16,319$11,970$8,691$3,719
27 years$27,803$20,685$15,154$10,957$7,836$3,220
28 years$26,523$19,491$14,088$10,039$7,070$2,789
29 years$25,332$18,388$13,110$9,206$6,384$2,417
30 years$24,223$17,365$12,211$8,448$5,769$2,095
31 years$23,188$16,416$11,384$7,759$5,215$1,817
32 years$22,219$15,533$10,622$7,131$4,718$1,576
33 years$21,311$14,710$9,917$6,557$4,270$1,367
34 years$20,458$13,942$9,266$6,033$3,866$1,186
35 years$19,656$13,223$8,663$5,554$3,501$1,029
36 years$18,900$12,551$8,104$5,115$3,172$893
37 years$18,186$11,921$7,586$4,713$2,875$776
38 years$17,512$11,329$7,104$4,344$2,607$673
39 years$16,874$10,773$6,655$4,005$2,364$585
40 years$16,269$10,249$6,238$3,694$2,144$508
41 years$15,695$9,756$5,849$3,409$1,945$441
42 years$15,150$9,292$5,487$3,146$1,765$383
43 years$14,632$8,853$5,149$2,904$1,602$332
44 years$14,139$8,439$4,833$2,681$1,454$289
45 years$13,669$8,047$4,538$2,476$1,320$251
46 years$13,221$7,677$4,262$2,287$1,198$218
47 years$12,793$7,326$4,004$2,113$1,088$189
48 years$12,384$6,994$3,763$1,953$988$164
49 years$11,993$6,678$3,537$1,805$898$143
50 years$11,619$6,379$3,325$1,668$815$124

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $11,900,000, adding $6,488 every year, while hoping to spend $39,485 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: 47/29/24 Blend
54$11,900,000$11,900,000$11,900,000$11,900,000
55$13,120,492$12,489,792$12,305,342$13,646,895
56$14,416,771$13,059,780$12,675,560$14,586,933
57$15,843,946$13,656,375$13,056,856$15,602,283
58$17,415,329$14,280,837$13,449,560$16,703,635
59$19,145,584$14,934,490$13,854,012$17,899,070
60$21,050,873$15,618,719$14,270,561$19,197,468
61$23,149,003$16,334,977$14,699,566$20,608,582
62$25,459,597$17,084,787$15,141,397$22,143,131
63$28,004,278$17,869,744$15,596,436$23,812,894
64$30,806,872$18,691,519$16,065,074$25,630,819
65$33,893,635$19,551,865$16,547,716$27,611,136
66$37,293,498$20,452,618$17,044,776$29,769,492
67$41,038,342$21,395,704$17,556,684$32,123,093
68$45,163,299$22,383,139$18,083,879$34,690,858
69$49,707,081$23,417,039$18,626,815$37,493,592
70$54,712,349$24,499,620$19,185,959$40,554,181
71$60,226,112$25,633,204$19,761,791$43,897,799
72$66,300,170$26,820,226$20,354,806$47,552,141
73$72,991,609$28,063,239$20,965,514$51,547,674
74$80,363,333$29,364,917$21,594,438$55,917,924
75$88,484,660$30,728,065$22,242,119$60,699,780
76$97,431,977$32,155,621$22,909,111$65,933,839
77$107,289,459$33,650,667$23,595,987$71,664,776
78$118,149,866$35,216,432$24,303,335$77,941,766
79$130,115,416$36,856,302$25,031,761$84,818,930
80$143,298,752$38,573,824$25,781,888$92,355,845
81$157,824,002$40,372,719$26,554,359$100,618,094
82$173,827,954$42,256,886$27,349,834$109,677,875
83$191,461,346$44,230,414$28,168,993$119,614,673
84$210,890,286$46,297,587$29,012,537$130,516,001
85$232,297,824$48,462,897$29,881,186$142,478,211
86$255,885,678$50,731,055$30,775,682$155,607,400
87$281,876,138$53,106,997$31,696,788$170,020,390
88$310,514,163$55,595,900$32,645,290$185,845,827
89$342,069,697$58,203,188$33,621,996$203,225,376
90$376,840,212$60,934,550$34,627,739$222,315,048
91$415,153,521$63,795,951$35,663,376$243,286,656
92$457,370,870$66,793,642$36,729,788$266,329,425
93$503,890,346$69,934,178$37,827,884$291,651,760
94$555,150,640$73,224,431$38,958,596$319,483,199
95$611,635,183$76,671,606$40,122,887$350,076,561
96$673,876,714$80,283,256$41,321,746$383,710,316
97$742,462,305$84,067,302$42,556,191$420,691,195
98$818,038,906$88,032,047$43,827,270$461,357,064
99$901,319,453$92,186,195$45,136,062$506,080,099
100$993,089,594$96,538,876$46,483,676$555,270,269