Can I retire at age 55 with 13,300,000?

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 $13,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$1,098,302$1,088,518$1,078,974$1,069,658$1,060,561$1,022,118
2 years$543,714$533,587$523,774$514,258$505,029$466,721
3 years$358,875$348,705$338,916$329,490$320,411$283,441
4 years$266,474$256,335$246,644$237,379$228,520$193,171
5 years$211,048$200,970$191,406$182,330$173,717$140,081
6 years$174,109$164,107$154,685$145,811$137,456$105,559
7 years$147,735$137,817$128,544$119,879$111,789$81,621
8 years$127,963$118,135$109,015$100,564$92,740$64,276
9 years$112,593$102,857$93,895$85,658$78,100$51,302
10 years$100,304$90,664$81,860$73,838$66,545$41,366
11 years$90,256$80,713$72,068$64,261$57,231$33,618
12 years$81,889$72,443$63,958$56,366$49,595$27,491
13 years$74,814$65,468$57,143$49,762$43,248$22,591
14 years$68,756$59,508$51,343$44,173$37,911$18,638
15 years$63,510$54,362$46,356$39,395$33,380$15,426
16 years$58,924$49,876$42,028$35,274$29,501$12,800
17 years$54,882$45,934$38,244$31,693$26,158$10,645
18 years$51,293$42,445$34,912$28,562$23,258$8,867
19 years$48,086$39,338$31,960$25,808$20,731$7,398
20 years$45,202$36,554$29,331$23,374$18,517$6,179
21 years$42,597$34,049$26,979$21,214$16,571$5,166
22 years$40,232$31,783$24,866$19,288$14,853$4,323
23 years$38,076$29,726$22,959$17,566$13,333$3,620
24 years$36,102$27,852$21,233$16,021$11,984$3,033
25 years$34,289$26,137$19,666$14,632$10,784$2,542
26 years$32,619$24,565$18,239$13,378$9,714$2,132
27 years$31,074$23,119$16,937$12,246$8,758$1,788
28 years$29,643$21,784$15,745$11,220$7,902$1,501
29 years$28,312$20,551$14,652$10,289$7,136$1,260
30 years$27,073$19,408$13,648$9,442$6,447$1,057
31 years$25,916$18,347$12,723$8,672$5,829$888
32 years$24,833$17,360$11,871$7,970$5,273$745
33 years$23,818$16,441$11,084$7,329$4,772$626
34 years$22,865$15,582$10,356$6,743$4,320$526
35 years$21,968$14,779$9,683$6,208$3,913$442
36 years$21,123$14,028$9,058$5,717$3,546$371
37 years$20,326$13,323$8,478$5,267$3,213$312
38 years$19,572$12,662$7,939$4,855$2,913$262
39 years$18,859$12,040$7,438$4,477$2,642$220
40 years$18,183$11,455$6,972$4,129$2,396$185
41 years$17,542$10,904$6,537$3,810$2,174$155
42 years$16,933$10,385$6,132$3,516$1,973$130
43 years$16,354$9,895$5,754$3,245$1,790$110
44 years$15,802$9,432$5,401$2,997$1,625$92
45 years$15,277$8,994$5,072$2,768$1,475$77
46 years$14,776$8,580$4,764$2,556$1,339$65
47 years$14,298$8,188$4,475$2,362$1,216$55
48 years$13,841$7,816$4,205$2,182$1,105$46
49 years$13,404$7,464$3,953$2,017$1,003$39
50 years$12,985$7,130$3,716$1,864$911$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $13,300,000, adding $5,941 every year, while hoping to spend $21,136 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: 37/47/16 Blend
54$13,300,000$13,300,000$13,300,000$13,300,000
55$14,662,728$13,957,828$13,751,678$15,133,781
56$16,135,838$14,619,273$14,189,871$16,134,891
57$17,758,496$15,312,421$14,642,035$17,213,073
58$19,545,935$16,038,802$15,108,615$18,377,213
59$21,514,939$16,800,022$15,590,072$19,635,023
60$23,684,004$17,597,764$16,086,881$20,994,952
61$26,073,512$18,433,793$16,599,531$22,466,262
62$28,705,922$19,309,961$17,128,527$24,059,108
63$31,605,985$20,228,208$17,674,391$25,784,623
64$34,800,974$21,190,569$18,237,662$27,655,021
65$38,320,944$22,199,178$18,818,894$29,683,701
66$42,199,015$23,256,272$19,418,662$31,885,364
67$46,471,683$24,364,197$20,037,555$34,276,146
68$51,179,166$25,525,415$20,676,185$36,873,760
69$56,365,785$26,742,504$21,335,181$39,697,653
70$62,080,379$28,018,171$22,015,194$42,769,181
71$68,376,769$29,355,251$22,716,893$46,111,797
72$75,314,261$30,756,721$23,440,972$49,751,265
73$82,958,215$32,225,699$24,188,143$53,715,890
74$91,380,651$33,765,457$24,959,144$58,036,773
75$100,660,939$35,379,425$25,754,736$62,748,093
76$110,886,538$37,071,201$26,575,704$67,887,415
77$122,153,831$38,844,556$27,422,856$73,496,031
78$134,569,030$40,703,447$28,297,030$79,619,336
79$148,249,177$42,652,022$29,199,087$86,307,242
80$163,323,254$44,694,632$30,129,916$93,614,631
81$179,933,395$46,835,838$31,090,438$101,601,860
82$198,236,232$49,080,426$32,081,599$110,335,308
83$218,404,373$51,433,411$33,104,377$119,887,989
84$240,628,027$53,900,056$34,159,782$130,340,222
85$265,116,806$56,485,879$35,248,854$141,780,365
86$292,101,698$59,196,666$36,372,670$154,305,634
87$321,837,254$62,038,484$37,532,336$168,022,993
88$354,603,983$65,017,700$38,728,999$183,050,144
89$390,711,008$68,140,986$39,963,839$199,516,616
90$430,498,978$71,415,341$41,238,075$217,564,956
91$474,343,288$74,848,107$42,552,964$237,352,056
92$522,657,619$78,446,980$43,909,805$259,050,600
93$575,897,849$82,220,035$45,309,936$282,850,669
94$634,566,351$86,175,738$46,754,740$308,961,504
95$699,216,738$90,322,968$48,245,643$337,613,450
96$770,459,090$94,671,038$49,784,117$369,060,095
97$848,965,712$99,229,714$51,371,680$403,580,630
98$935,477,484$104,009,239$53,009,900$441,482,452
99$1,030,810,850$109,020,355$54,700,395$483,104,022
100$1,135,865,531$114,274,327$56,444,832$528,818,022