Can I retire at age 55 with 7,200,000?

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 $7,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$594,569$589,273$584,106$579,063$574,138$570,999
2 years$294,341$288,859$283,547$278,396$273,399$270,231
3 years$194,278$188,773$183,473$178,371$173,456$170,357
4 years$144,257$138,768$133,522$128,506$123,710$120,705
5 years$114,251$108,796$103,618$98,705$94,042$91,140
6 years$94,255$88,840$83,739$78,935$74,413$71,616
7 years$79,977$74,608$69,587$64,897$60,517$57,829
8 years$69,273$63,953$59,016$54,440$50,205$47,624
9 years$60,953$55,682$50,830$46,371$42,280$39,806
10 years$54,300$49,081$44,315$39,972$36,025$33,656
11 years$48,860$43,694$39,014$34,788$30,982$28,718
12 years$44,331$39,217$34,624$30,514$26,849$24,687
13 years$40,501$35,441$30,934$26,939$23,413$21,351
14 years$37,221$32,215$27,795$23,913$20,523$18,560
15 years$34,381$29,429$25,095$21,327$18,070$16,203
16 years$31,899$27,000$22,752$19,096$15,971$14,196
17 years$29,711$24,866$20,704$17,157$14,161$12,476
18 years$27,768$22,978$18,900$15,462$12,591$10,993
19 years$26,031$21,296$17,302$13,971$11,223$9,709
20 years$24,471$19,789$15,879$12,654$10,024$8,592
21 years$23,060$18,433$14,605$11,484$8,971$7,617
22 years$21,780$17,206$13,461$10,442$8,041$6,762
23 years$20,613$16,092$12,429$9,509$7,218$6,012
24 years$19,544$15,078$11,495$8,673$6,488$5,351
25 years$18,563$14,150$10,646$7,921$5,838$4,768
26 years$17,658$13,298$9,874$7,242$5,259$4,252
27 years$16,822$12,515$9,169$6,629$4,741$3,795
28 years$16,047$11,793$8,524$6,074$4,278$3,389
29 years$15,327$11,125$7,932$5,570$3,863$3,029
30 years$14,656$10,507$7,388$5,112$3,490$2,708
31 years$14,030$9,932$6,888$4,695$3,156$2,423
32 years$13,444$9,398$6,427$4,314$2,854$2,169
33 years$12,894$8,900$6,000$3,968$2,583$1,942
34 years$12,378$8,435$5,606$3,650$2,339$1,740
35 years$11,893$8,001$5,242$3,360$2,118$1,559
36 years$11,435$7,594$4,903$3,095$1,919$1,397
37 years$11,004$7,212$4,590$2,852$1,740$1,252
38 years$10,596$6,854$4,298$2,628$1,577$1,123
39 years$10,209$6,518$4,027$2,423$1,430$1,007
40 years$9,844$6,201$3,774$2,235$1,297$904
41 years$9,496$5,903$3,539$2,062$1,177$811
42 years$9,167$5,622$3,320$1,903$1,068$727
43 years$8,853$5,356$3,115$1,757$969$653
44 years$8,555$5,106$2,924$1,622$880$586
45 years$8,270$4,869$2,746$1,498$799$526
46 years$7,999$4,645$2,579$1,384$725$472
47 years$7,740$4,432$2,423$1,279$658$424
48 years$7,493$4,231$2,277$1,181$598$381
49 years$7,256$4,041$2,140$1,092$543$342
50 years$7,030$3,860$2,012$1,009$493$307

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $7,200,000, adding $4,021 every year, while hoping to spend $49,226 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: 77/9/14 Blend
54$7,200,000$7,200,000$7,200,000$7,200,000
55$7,938,548$7,556,948$7,445,348$8,526,531
56$8,695,903$7,874,862$7,642,391$9,232,655
57$9,528,860$8,206,704$7,844,385$10,000,152
58$10,445,076$8,553,105$8,051,444$10,840,411
59$11,452,990$8,914,724$8,263,684$11,760,670
60$12,561,901$9,292,252$8,481,224$12,768,902
61$13,782,054$9,686,410$8,704,183$13,873,886
62$15,124,735$10,097,956$8,932,685$15,085,290
63$16,602,382$10,527,681$9,166,854$16,413,759
64$18,228,700$10,976,411$9,406,819$17,871,019
65$20,018,787$11,445,016$9,652,707$19,469,984
66$21,989,283$11,934,401$9,904,652$21,224,876
67$24,158,519$12,445,516$10,162,787$23,151,361
68$26,546,696$12,979,355$10,427,249$25,266,693
69$29,176,075$13,536,958$10,698,177$27,589,879
70$32,071,180$14,119,415$10,975,712$30,141,855
71$35,259,039$14,727,865$11,259,997$32,945,681
72$38,769,433$15,363,502$11,551,179$36,026,763
73$42,635,177$16,027,576$11,849,405$39,413,084
74$46,892,432$16,721,394$12,154,827$43,135,475
75$51,581,043$17,446,325$12,467,597$47,227,898
76$56,744,919$18,203,805$12,787,871$51,727,767
77$62,432,442$18,995,333$13,115,806$56,676,304
78$68,696,928$19,822,481$13,451,563$62,118,920
79$75,597,128$20,686,895$13,795,303$68,105,647
80$83,197,781$21,590,299$14,147,192$74,691,605
81$91,570,228$22,534,497$14,507,395$81,937,525
82$100,793,081$23,521,378$14,876,084$89,910,316
83$110,952,971$24,552,920$15,253,428$98,683,699
84$122,145,358$25,631,197$15,639,601$108,338,896
85$134,475,436$26,758,378$16,034,780$118,965,401
86$148,059,127$27,936,734$16,439,141$130,661,817
87$163,024,171$29,168,648$16,852,866$143,536,789
88$179,511,334$30,456,609$17,276,134$157,710,024
89$197,675,737$31,803,230$17,709,132$173,313,421
90$217,688,318$33,211,244$18,152,044$190,492,315
91$239,737,447$34,683,515$18,605,057$209,406,841
92$264,030,701$36,223,042$19,068,361$230,233,449
93$290,796,829$37,832,967$19,542,147$253,166,566
94$320,287,903$39,516,581$20,026,607$278,420,424
95$352,781,707$41,277,330$20,521,936$306,231,087
96$388,584,347$43,118,826$21,028,327$336,858,670
97$428,033,153$45,044,851$21,545,979$370,589,795
98$471,499,853$47,059,367$22,075,087$407,740,291
99$519,394,087$49,166,524$22,615,851$448,658,176
100$572,167,271$51,370,672$23,168,470$493,726,935