Can I retire at age 55 with 13,400,000?

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 $13,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,033,090
2 years$547,802$537,599$527,712$518,125$508,826$473,460
3 years$361,573$351,327$341,464$331,968$322,820$288,643
4 years$268,478$258,263$248,499$239,164$230,238$197,512
5 years$212,635$202,481$192,845$183,701$175,023$143,835
6 years$175,418$165,341$155,848$146,907$138,490$108,864
7 years$148,845$138,853$129,510$120,780$112,629$84,563
8 years$128,925$119,023$109,835$101,320$93,437$66,909
9 years$113,439$103,631$94,601$86,302$78,687$53,666
10 years$101,058$91,345$82,475$74,393$67,046$43,491
11 years$90,935$81,319$72,610$64,744$57,661$35,529
12 years$82,505$72,988$64,439$56,789$49,968$29,209
13 years$75,377$65,960$57,572$50,137$43,573$24,134
14 years$69,273$59,956$51,729$44,506$38,196$20,022
15 years$63,987$54,771$46,704$39,691$33,631$16,666
16 years$59,367$50,251$42,344$35,539$29,723$13,910
17 years$55,295$46,279$38,532$31,932$26,354$11,636
18 years$51,679$42,764$35,174$28,777$23,433$9,751
19 years$48,447$39,633$32,200$26,002$20,887$8,184
20 years$45,542$36,829$29,552$23,550$18,656$6,878
21 years$42,918$34,305$27,182$21,373$16,695$5,786
22 years$40,535$32,022$25,053$19,433$14,965$4,872
23 years$38,362$29,950$23,132$17,698$13,433$4,106
24 years$36,374$28,061$21,393$16,142$12,074$3,462
25 years$34,547$26,334$19,814$14,742$10,865$2,921
26 years$32,864$24,750$18,376$13,479$9,787$2,465
27 years$31,308$23,292$17,064$12,338$8,824$2,081
28 years$29,866$21,948$15,863$11,304$7,962$1,758
29 years$28,525$20,706$14,762$10,366$7,189$1,485
30 years$27,277$19,554$13,750$9,513$6,496$1,255
31 years$26,111$18,485$12,819$8,737$5,873$1,060
32 years$25,020$17,491$11,960$8,030$5,312$896
33 years$23,997$16,564$11,168$7,384$4,808$758
34 years$23,037$15,699$10,434$6,794$4,353$641
35 years$22,134$14,890$9,755$6,254$3,943$542
36 years$21,282$14,133$9,126$5,760$3,572$458
37 years$20,479$13,423$8,542$5,307$3,238$387
38 years$19,720$12,757$7,999$4,892$2,935$328
39 years$19,001$12,130$7,494$4,510$2,662$277
40 years$18,320$11,541$7,024$4,160$2,414$234
41 years$17,674$10,986$6,586$3,838$2,190$198
42 years$17,060$10,463$6,178$3,542$1,987$168
43 years$16,477$9,969$5,798$3,270$1,804$142
44 years$15,921$9,502$5,442$3,019$1,637$120
45 years$15,392$9,061$5,110$2,788$1,486$102
46 years$14,887$8,644$4,799$2,576$1,350$86
47 years$14,405$8,249$4,509$2,380$1,225$73
48 years$13,945$7,875$4,237$2,199$1,113$61
49 years$13,504$7,520$3,983$2,032$1,011$52
50 years$13,083$7,184$3,744$1,878$918$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $13,400,000, adding $2,017 every year, while hoping to spend $56,971 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: 44/36/20 Blend
54$13,400,000$13,400,000$13,400,000$13,400,000
55$14,768,881$14,058,681$13,850,981$15,333,109
56$16,214,690$14,686,939$14,254,372$16,359,129
57$17,806,062$15,344,073$14,669,367$17,464,825
58$19,557,784$16,031,437$15,096,295$18,662,159
59$21,486,151$16,750,450$15,535,494$19,959,636
60$23,609,116$17,502,599$15,987,310$21,366,597
61$25,946,461$18,289,442$16,452,100$22,893,294
62$28,519,986$19,112,610$16,930,231$24,550,990
63$31,353,710$19,973,814$17,422,080$26,352,055
64$34,474,102$20,874,844$17,928,033$28,310,081
65$37,910,326$21,817,578$18,448,488$30,439,999
66$41,694,522$22,803,981$18,983,855$32,758,220
67$45,862,101$23,836,115$19,534,552$35,282,780
68$50,452,088$24,916,137$20,101,012$38,033,505
69$55,507,484$26,046,310$20,683,678$41,032,193
70$61,075,671$27,229,004$21,283,006$44,302,807
71$67,208,867$28,466,702$21,899,464$47,871,701
72$73,964,608$29,762,007$22,533,532$51,767,856
73$81,406,298$31,117,645$23,185,706$56,023,148
74$89,603,806$32,536,475$23,856,492$60,672,638
75$98,634,122$34,021,491$24,546,413$65,754,896
76$108,582,089$35,575,830$25,256,004$71,312,358
77$119,541,198$37,202,782$25,985,816$77,391,710
78$131,614,473$38,905,791$26,736,414$84,044,327
79$144,915,446$40,688,471$27,508,380$91,326,740
80$159,569,220$42,554,605$28,302,310$99,301,164
81$175,713,660$44,508,160$29,118,817$108,036,071
82$193,500,687$46,553,294$29,958,531$117,606,825
83$213,097,714$48,694,362$30,822,098$128,096,380
84$234,689,226$50,935,931$31,710,184$139,596,051
85$258,478,523$53,282,787$32,623,471$152,206,363
86$284,689,634$55,739,946$33,562,659$166,037,983
87$313,569,437$58,312,663$34,528,468$181,212,751
88$345,389,985$61,006,450$35,521,638$197,864,814
89$380,451,078$63,827,080$36,542,927$216,141,877
90$419,083,090$66,780,609$37,593,117$236,206,579
91$461,650,085$69,873,379$38,673,006$258,238,010
92$508,553,260$73,112,041$39,783,419$282,433,384
93$560,234,728$76,503,566$40,925,198$309,009,879
94$617,181,690$80,055,260$42,099,212$338,206,668
95$679,931,037$83,774,782$43,306,350$370,287,157
96$749,074,417$87,670,161$44,547,527$405,541,444
97$825,263,820$91,749,811$45,823,682$444,289,039
98$909,217,732$96,022,555$47,135,777$486,881,852
99$1,001,727,918$100,497,638$48,484,804$533,707,492
100$1,103,666,899$105,184,754$49,871,777$585,192,896