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%14.2%
1 years$594,569$589,273$584,106$579,063$574,138$564,162
2 years$294,341$288,859$283,547$278,396$273,399$263,381
3 years$194,278$188,773$183,473$178,371$173,456$163,707
4 years$144,257$138,768$133,522$128,506$123,710$114,307
5 years$114,251$108,796$103,618$98,705$94,042$85,011
6 years$94,255$88,840$83,739$78,935$74,413$65,763
7 years$79,977$74,608$69,587$64,897$60,517$52,252
8 years$69,273$63,953$59,016$54,440$50,205$42,323
9 years$60,953$55,682$50,830$46,371$42,280$34,776
10 years$54,300$49,081$44,315$39,972$36,025$28,892
11 years$48,860$43,694$39,014$34,788$30,982$24,214
12 years$44,331$39,217$34,624$30,514$26,849$20,435
13 years$40,501$35,441$30,934$26,939$23,413$17,344
14 years$37,221$32,215$27,795$23,913$20,523$14,789
15 years$34,381$29,429$25,095$21,327$18,070$12,660
16 years$31,899$27,000$22,752$19,096$15,971$10,872
17 years$29,711$24,866$20,704$17,157$14,161$9,362
18 years$27,768$22,978$18,900$15,462$12,591$8,080
19 years$26,031$21,296$17,302$13,971$11,223$6,988
20 years$24,471$19,789$15,879$12,654$10,024$6,054
21 years$23,060$18,433$14,605$11,484$8,971$5,251
22 years$21,780$17,206$13,461$10,442$8,041$4,561
23 years$20,613$16,092$12,429$9,509$7,218$3,966
24 years$19,544$15,078$11,495$8,673$6,488$3,452
25 years$18,563$14,150$10,646$7,921$5,838$3,006
26 years$17,658$13,298$9,874$7,242$5,259$2,620
27 years$16,822$12,515$9,169$6,629$4,741$2,285
28 years$16,047$11,793$8,524$6,074$4,278$1,994
29 years$15,327$11,125$7,932$5,570$3,863$1,741
30 years$14,656$10,507$7,388$5,112$3,490$1,520
31 years$14,030$9,932$6,888$4,695$3,156$1,328
32 years$13,444$9,398$6,427$4,314$2,854$1,160
33 years$12,894$8,900$6,000$3,968$2,583$1,014
34 years$12,378$8,435$5,606$3,650$2,339$887
35 years$11,893$8,001$5,242$3,360$2,118$775
36 years$11,435$7,594$4,903$3,095$1,919$678
37 years$11,004$7,212$4,590$2,852$1,740$593
38 years$10,596$6,854$4,298$2,628$1,577$519
39 years$10,209$6,518$4,027$2,423$1,430$454
40 years$9,844$6,201$3,774$2,235$1,297$397
41 years$9,496$5,903$3,539$2,062$1,177$348
42 years$9,167$5,622$3,320$1,903$1,068$304
43 years$8,853$5,356$3,115$1,757$969$266
44 years$8,555$5,106$2,924$1,622$880$233
45 years$8,270$4,869$2,746$1,498$799$204
46 years$7,999$4,645$2,579$1,384$725$179
47 years$7,740$4,432$2,423$1,279$658$156
48 years$7,493$4,231$2,277$1,181$598$137
49 years$7,256$4,041$2,140$1,092$543$120
50 years$7,030$3,860$2,012$1,009$493$105

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 $6,367 every year, while hoping to spend $30,422 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: 48/32/20 Blend
54$7,200,000$7,200,000$7,200,000$7,200,000
55$7,940,968$7,559,368$7,447,768$8,276,968
56$8,718,577$7,897,408$7,664,899$8,849,424
57$9,574,484$8,250,992$7,888,285$9,467,103
58$10,516,641$8,620,851$8,118,102$10,137,198
59$11,553,814$9,007,748$8,354,534$10,864,642
60$12,695,659$9,412,483$8,597,766$11,654,850
61$13,952,817$9,835,897$8,847,993$12,513,773
62$15,337,016$10,278,867$9,105,412$13,447,948
63$16,861,174$10,742,314$9,370,226$14,464,562
64$18,539,530$11,227,203$9,642,645$15,571,512
65$20,387,772$11,734,546$9,922,883$16,777,481
66$22,423,186$12,265,400$10,211,161$18,092,014
67$24,664,822$12,820,875$10,507,706$19,525,606
68$27,133,670$13,402,135$10,812,751$21,089,801
69$29,852,862$14,010,397$11,126,535$22,797,291
70$32,847,886$14,646,938$11,449,306$24,662,038
71$36,146,828$15,313,096$11,781,315$26,699,401
72$39,780,638$16,010,272$12,122,823$28,926,275
73$43,783,423$16,739,934$12,474,097$31,361,249
74$48,192,764$17,503,623$12,835,411$34,024,775
75$53,050,075$18,302,950$13,207,047$36,939,362
76$58,400,995$19,139,607$13,589,295$40,129,775
77$64,295,812$20,015,363$13,982,453$43,623,272
78$70,789,946$20,932,076$14,386,825$47,449,854
79$77,944,463$21,891,691$14,802,727$51,642,542
80$85,826,661$22,896,246$15,230,481$56,237,684
81$94,510,696$23,947,878$15,670,418$61,275,291
82$104,078,289$25,048,826$16,122,878$66,799,413
83$114,619,493$26,201,437$16,588,213$72,858,544
84$126,233,543$27,408,170$17,066,781$79,506,076
85$139,029,798$28,671,603$17,558,951$86,800,797
86$153,128,764$29,994,438$18,065,102$94,807,436
87$168,663,239$31,379,507$18,585,624$103,597,268
88$185,779,563$32,829,777$19,120,917$113,248,781
89$204,639,002$34,348,360$19,671,391$123,848,407
90$225,419,267$35,938,516$20,237,469$135,491,330
91$248,316,191$37,603,662$20,819,584$148,282,375
92$273,545,583$39,347,382$21,418,180$162,336,992
93$301,345,259$41,173,430$22,033,716$177,782,329
94$331,977,290$43,085,743$22,666,660$194,758,432
95$365,730,474$45,088,445$23,317,494$213,419,547
96$402,923,066$47,185,862$23,986,713$233,935,573
97$443,905,776$49,382,527$24,674,825$256,493,648
98$489,065,087$51,683,192$25,382,353$281,299,910
99$538,826,896$54,092,839$26,109,833$308,581,424
100$593,660,541$56,616,689$26,857,813$338,588,318