Can I retire at age 55 with 7,100,000?

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 $7,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$586,311$581,089$575,993$571,020$566,164$561,420
2 years$290,253$284,847$279,608$274,529$269,602$264,821
3 years$191,580$186,151$180,925$175,893$171,047$166,376
4 years$142,253$136,841$131,667$126,721$121,992$117,468
5 years$112,665$107,285$102,179$97,334$92,736$88,373
6 years$92,945$87,606$82,576$77,839$73,379$69,181
7 years$78,866$73,571$68,621$63,996$59,677$55,647
8 years$68,311$63,064$58,196$53,684$49,508$45,645
9 years$60,106$54,909$50,124$45,727$41,693$37,996
10 years$53,546$48,399$43,699$39,417$35,524$31,992
11 years$48,182$43,087$38,472$34,305$30,552$27,181
12 years$43,715$38,673$34,143$30,090$26,476$23,263
13 years$39,939$34,949$30,505$26,565$23,087$20,030
14 years$36,704$31,768$27,409$23,581$20,238$17,332
15 years$33,904$29,020$24,746$21,030$17,819$15,060
16 years$31,456$26,625$22,436$18,830$15,749$13,132
17 years$29,298$24,521$20,416$16,919$13,964$11,485
18 years$27,382$22,659$18,637$15,247$12,416$10,070
19 years$25,670$21,000$17,061$13,777$11,067$8,850
20 years$24,131$19,514$15,658$12,478$9,885$7,792
21 years$22,740$18,177$14,402$11,325$8,846$6,872
22 years$21,477$16,967$13,274$10,297$7,929$6,069
23 years$20,326$15,869$12,256$9,377$7,118$5,367
24 years$19,273$14,868$11,335$8,553$6,398$4,752
25 years$18,305$13,953$10,498$7,811$5,757$4,211
26 years$17,413$13,114$9,737$7,142$5,186$3,734
27 years$16,589$12,341$9,041$6,537$4,675$3,315
28 years$15,824$11,629$8,405$5,989$4,218$2,944
29 years$15,114$10,971$7,822$5,492$3,809$2,616
30 years$14,453$10,361$7,286$5,041$3,442$2,326
31 years$13,835$9,794$6,792$4,629$3,112$2,069
32 years$13,257$9,268$6,337$4,255$2,815$1,842
33 years$12,715$8,777$5,917$3,912$2,547$1,640
34 years$12,206$8,318$5,529$3,600$2,306$1,460
35 years$11,728$7,890$5,169$3,314$2,089$1,301
36 years$11,276$7,488$4,835$3,052$1,893$1,159
37 years$10,851$7,112$4,526$2,812$1,715$1,033
38 years$10,448$6,759$4,238$2,592$1,555$921
39 years$10,068$6,427$3,971$2,390$1,410$821
40 years$9,707$6,115$3,722$2,204$1,279$732
41 years$9,364$5,821$3,490$2,034$1,161$653
42 years$9,039$5,544$3,274$1,877$1,053$582
43 years$8,730$5,282$3,072$1,733$956$519
44 years$8,436$5,035$2,883$1,600$867$463
45 years$8,155$4,801$2,707$1,477$788$413
46 years$7,888$4,580$2,543$1,365$715$369
47 years$7,633$4,371$2,389$1,261$649$329
48 years$7,389$4,173$2,245$1,165$590$294
49 years$7,155$3,985$2,110$1,077$536$262
50 years$6,932$3,806$1,984$995$486$234

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $7,100,000, adding $2,774 every year, while hoping to spend $46,187 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: 46/37/17 Blend
54$7,100,000$7,100,000$7,100,000$7,100,000
55$7,827,061$7,450,761$7,340,711$8,149,082
56$8,576,279$7,766,706$7,537,483$8,689,754
57$9,400,369$8,096,584$7,739,298$9,271,104
58$10,306,919$8,441,029$7,946,277$9,900,820
59$11,304,291$8,800,705$8,158,543$10,583,419
60$12,401,695$9,176,307$8,376,220$11,323,863
61$13,609,282$9,568,560$8,599,438$12,127,600
62$14,938,235$9,978,226$8,828,326$13,000,619
63$16,400,877$10,406,101$9,063,017$13,949,499
64$18,010,785$10,853,018$9,303,646$14,981,469
65$19,782,920$11,319,851$9,550,353$16,104,477
66$21,733,766$11,807,512$9,803,278$17,327,258
67$23,881,488$12,316,958$10,062,566$18,659,417
68$26,246,100$12,849,189$10,328,362$20,111,514
69$28,849,656$13,405,253$10,600,816$21,695,162
70$31,716,458$13,986,248$10,880,081$23,423,132
71$34,873,285$14,593,322$11,166,311$25,309,473
72$38,349,643$15,227,677$11,459,665$27,369,636
73$42,178,046$15,890,574$11,760,305$29,620,621
74$46,394,325$16,583,329$12,068,392$32,081,131
75$51,037,958$17,307,325$12,384,096$34,771,745
76$56,152,452$18,064,005$12,707,585$37,715,107
77$61,785,745$18,854,885$13,039,032$40,936,137
78$67,990,665$19,681,549$13,378,614$44,462,261
79$74,825,425$20,545,656$13,726,509$48,323,664
80$82,354,171$21,448,946$14,082,900$52,553,569
81$90,647,590$22,393,238$14,447,971$57,188,549
82$99,783,577$23,380,440$14,821,910$62,268,863
83$109,847,967$24,412,547$15,204,910$67,838,832
84$120,935,349$25,491,651$15,597,164$73,947,250
85$133,149,955$26,619,942$15,998,869$80,647,841
86$146,606,646$27,799,714$16,410,226$87,999,754
87$161,431,994$29,033,370$16,831,439$96,068,121
88$177,765,478$30,323,427$17,262,713$104,924,660
89$195,760,802$31,672,520$17,704,259$114,648,345
90$215,587,341$33,083,410$18,156,289$125,326,148
91$237,431,744$34,558,991$18,619,019$137,053,843
92$261,499,692$36,102,292$19,092,667$149,936,911
93$288,017,843$37,716,487$19,577,453$164,091,519
94$317,235,969$39,404,901$20,073,604$179,645,611
95$349,429,314$41,171,017$20,581,345$196,740,107
96$384,901,190$43,018,483$21,100,907$215,530,220
97$423,985,846$44,951,123$21,632,522$236,186,910
98$467,051,616$46,972,942$22,176,425$258,898,490
99$514,504,399$49,088,135$22,732,854$283,872,389
100$566,791,493$51,301,098$23,302,049$311,337,100