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

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 $11,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$982,691$973,938$965,398$957,062$948,923$933,202
2 years$486,481$477,420$468,640$460,126$451,868$436,076
3 years$321,099$311,999$303,241$294,807$286,684$271,311
4 years$238,424$229,353$220,682$212,392$204,465$189,631
5 years$188,832$179,815$171,258$163,137$155,431$141,178
6 years$155,782$146,833$138,402$130,462$122,987$109,332
7 years$132,184$123,310$115,013$107,260$100,022$86,967
8 years$114,493$105,699$97,540$89,978$82,978$70,522
9 years$100,741$92,030$84,011$76,641$69,879$58,016
10 years$89,746$81,120$73,243$66,065$59,541$48,259
11 years$80,756$72,217$64,482$57,497$51,207$40,496
12 years$73,269$64,818$57,226$50,432$44,375$34,220
13 years$66,939$58,576$51,128$44,524$38,696$29,082
14 years$61,518$53,244$45,938$39,524$33,920$24,832
15 years$56,825$48,640$41,476$35,248$29,866$21,285
16 years$52,721$44,626$37,604$31,561$26,396$18,305
17 years$49,105$41,099$34,218$28,357$23,404$15,786
18 years$45,894$37,977$31,237$25,556$20,810$13,644
19 years$43,024$35,197$28,596$23,092$18,548$11,817
20 years$40,444$32,707$26,244$20,914$16,568$10,252
21 years$38,113$30,465$24,139$18,981$14,826$8,907
22 years$35,997$28,438$22,248$17,258$13,290$7,749
23 years$34,068$26,597$20,542$15,717$11,930$6,748
24 years$32,302$24,920$18,998$14,335$10,723$5,882
25 years$30,680$23,386$17,596$13,091$9,649$5,131
26 years$29,185$21,979$16,319$11,970$8,691$4,479
27 years$27,803$20,685$15,154$10,957$7,836$3,913
28 years$26,523$19,491$14,088$10,039$7,070$3,420
29 years$25,332$18,388$13,110$9,206$6,384$2,990
30 years$24,223$17,365$12,211$8,448$5,769$2,616
31 years$23,188$16,416$11,384$7,759$5,215$2,289
32 years$22,219$15,533$10,622$7,131$4,718$2,003
33 years$21,311$14,710$9,917$6,557$4,270$1,754
34 years$20,458$13,942$9,266$6,033$3,866$1,536
35 years$19,656$13,223$8,663$5,554$3,501$1,346
36 years$18,900$12,551$8,104$5,115$3,172$1,179
37 years$18,186$11,921$7,586$4,713$2,875$1,033
38 years$17,512$11,329$7,104$4,344$2,607$905
39 years$16,874$10,773$6,655$4,005$2,364$793
40 years$16,269$10,249$6,238$3,694$2,144$695
41 years$15,695$9,756$5,849$3,409$1,945$610
42 years$15,150$9,292$5,487$3,146$1,765$534
43 years$14,632$8,853$5,149$2,904$1,602$469
44 years$14,139$8,439$4,833$2,681$1,454$411
45 years$13,669$8,047$4,538$2,476$1,320$360
46 years$13,221$7,677$4,262$2,287$1,198$316
47 years$12,793$7,326$4,004$2,113$1,088$277
48 years$12,384$6,994$3,763$1,953$988$243
49 years$11,993$6,678$3,537$1,805$898$213
50 years$11,619$6,379$3,325$1,668$815$187

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 $6,173 every year, while hoping to spend $29,354 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: 45/46/9 Blend
54$11,900,000$11,900,000$11,900,000$11,900,000
55$13,120,167$12,489,467$12,305,017$13,677,055
56$14,427,192$13,070,219$12,686,003$14,643,568
57$15,866,549$13,678,443$13,078,768$15,687,442
58$17,451,706$14,315,456$13,483,676$16,818,640
59$19,197,503$14,982,636$13,901,101$18,045,223
60$21,120,290$15,681,427$14,331,430$19,376,032
61$23,238,089$16,413,346$14,775,062$20,820,772
62$25,570,753$17,179,979$15,232,406$22,390,094
63$28,140,165$17,982,993$15,703,886$24,095,691
64$30,970,434$18,824,132$16,189,939$25,950,402
65$34,088,130$19,705,226$16,691,014$27,968,328
66$37,522,530$20,628,193$17,207,573$30,164,957
67$41,305,898$21,595,044$17,740,097$32,557,301
68$45,473,785$22,607,887$18,289,075$35,164,056
69$50,065,369$23,668,931$18,855,018$38,005,762
70$55,123,823$24,780,495$19,438,446$41,104,996
71$60,696,719$25,945,006$20,039,901$44,486,572
72$66,836,485$27,165,012$20,659,939$48,177,768
73$73,600,891$28,443,182$21,299,131$52,208,575
74$81,053,600$29,782,316$21,958,070$56,611,969
75$89,264,765$31,185,348$22,637,363$61,424,212
76$98,311,696$32,655,354$23,337,640$66,685,185
77$108,279,585$34,195,562$24,059,546$72,438,752
78$119,262,311$35,809,353$24,803,750$78,733,161
79$131,363,329$37,500,274$25,570,937$85,621,492
80$144,696,643$39,272,041$26,361,818$93,162,138
81$159,387,884$41,128,555$27,177,122$101,419,350
82$175,575,495$43,073,901$28,017,603$110,463,824
83$193,412,039$45,112,366$28,884,036$120,373,356
84$213,065,637$47,248,442$29,777,222$131,233,560
85$234,721,559$49,486,842$30,697,985$143,138,661
86$258,583,965$51,832,505$31,647,175$156,192,366
87$284,877,843$54,290,611$32,625,669$170,508,827
88$313,851,123$56,866,591$33,634,369$186,213,698
89$345,777,023$59,566,140$34,674,206$203,445,303
90$380,956,628$62,395,229$35,746,140$222,355,919
91$419,721,728$65,360,119$36,851,160$243,113,195
92$462,437,955$68,467,376$37,990,284$265,901,712
93$509,508,233$71,723,883$39,164,565$290,924,698
94$561,376,579$75,136,861$40,375,085$318,405,927
95$618,532,300$78,713,877$41,622,960$348,591,802
96$681,514,607$82,462,869$42,909,342$381,753,655
97$750,917,708$86,392,160$44,235,415$418,190,280
98$827,396,415$90,510,477$45,602,403$458,230,726
99$911,672,332$94,826,973$47,011,566$502,237,367
100$1,004,540,659$99,351,244$48,464,203$550,609,295