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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.5%
1 years$594,569$589,273$584,106$579,063$574,138$552,231
2 years$294,341$288,859$283,547$278,396$273,399$251,586
3 years$194,278$188,773$183,473$178,371$173,456$152,423
4 years$144,257$138,768$133,522$128,506$123,710$103,618
5 years$114,251$108,796$103,618$98,705$94,042$74,942
6 years$94,255$88,840$83,739$78,935$74,413$56,317
7 years$79,977$74,608$69,587$64,897$60,517$43,422
8 years$69,273$63,953$59,016$54,440$50,205$34,093
9 years$60,953$55,682$50,830$46,371$42,280$27,128
10 years$54,300$49,081$44,315$39,972$36,025$21,805
11 years$48,860$43,694$39,014$34,788$30,982$17,663
12 years$44,331$39,217$34,624$30,514$26,849$14,396
13 years$40,501$35,441$30,934$26,939$23,413$11,789
14 years$37,221$32,215$27,795$23,913$20,523$9,692
15 years$34,381$29,429$25,095$21,327$18,070$7,993
16 years$31,899$27,000$22,752$19,096$15,971$6,609
17 years$29,711$24,866$20,704$17,157$14,161$5,476
18 years$27,768$22,978$18,900$15,462$12,591$4,544
19 years$26,031$21,296$17,302$13,971$11,223$3,777
20 years$24,471$19,789$15,879$12,654$10,024$3,143
21 years$23,060$18,433$14,605$11,484$8,971$2,617
22 years$21,780$17,206$13,461$10,442$8,041$2,182
23 years$20,613$16,092$12,429$9,509$7,218$1,820
24 years$19,544$15,078$11,495$8,673$6,488$1,518
25 years$18,563$14,150$10,646$7,921$5,838$1,268
26 years$17,658$13,298$9,874$7,242$5,259$1,059
27 years$16,822$12,515$9,169$6,629$4,741$885
28 years$16,047$11,793$8,524$6,074$4,278$739
29 years$15,327$11,125$7,932$5,570$3,863$618
30 years$14,656$10,507$7,388$5,112$3,490$517
31 years$14,030$9,932$6,888$4,695$3,156$432
32 years$13,444$9,398$6,427$4,314$2,854$361
33 years$12,894$8,900$6,000$3,968$2,583$302
34 years$12,378$8,435$5,606$3,650$2,339$253
35 years$11,893$8,001$5,242$3,360$2,118$211
36 years$11,435$7,594$4,903$3,095$1,919$177
37 years$11,004$7,212$4,590$2,852$1,740$148
38 years$10,596$6,854$4,298$2,628$1,577$124
39 years$10,209$6,518$4,027$2,423$1,430$104
40 years$9,844$6,201$3,774$2,235$1,297$87
41 years$9,496$5,903$3,539$2,062$1,177$73
42 years$9,167$5,622$3,320$1,903$1,068$61
43 years$8,853$5,356$3,115$1,757$969$51
44 years$8,555$5,106$2,924$1,622$880$42
45 years$8,270$4,869$2,746$1,498$799$36
46 years$7,999$4,645$2,579$1,384$725$30
47 years$7,740$4,432$2,423$1,279$658$25
48 years$7,493$4,231$2,277$1,181$598$21
49 years$7,256$4,041$2,140$1,092$543$17
50 years$7,030$3,860$2,012$1,009$493$15

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 $5,768 every year, while hoping to spend $50,669 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: 54/40/6 Blend
54$7,200,000$7,200,000$7,200,000$7,200,000
55$7,940,350$7,558,750$7,447,150$8,358,136
56$8,696,354$7,875,217$7,642,718$8,957,527
57$9,527,772$8,205,493$7,843,139$9,603,429
58$10,442,244$8,550,201$8,048,523$10,305,123
59$11,448,185$8,909,992$8,258,980$11,067,895
60$12,554,867$9,285,550$8,474,624$11,897,559
61$13,772,509$9,677,587$8,695,570$12,800,501
62$15,112,368$10,086,852$8,921,934$13,783,740
63$16,586,846$10,514,124$9,153,835$14,854,993
64$18,209,611$10,960,223$9,391,396$16,022,744
65$19,995,722$11,426,005$9,634,738$17,296,322
66$21,961,771$11,912,364$9,883,987$18,685,983
67$24,126,042$12,420,240$10,139,270$20,203,009
68$26,508,679$12,950,613$10,400,717$21,859,809
69$29,131,881$13,504,510$10,668,458$23,670,031
70$32,020,109$14,083,007$10,942,627$25,648,691
71$35,200,314$14,687,228$11,223,359$27,812,308
72$38,702,196$15,318,353$11,510,792$30,179,059
73$42,558,481$15,977,613$11,805,064$32,768,944
74$46,805,230$16,666,299$12,106,317$35,603,973
75$51,482,179$17,385,763$12,414,695$38,708,369
76$56,633,115$18,137,420$12,730,341$42,108,792
77$62,306,290$18,922,750$13,053,404$45,834,585
78$68,554,871$19,743,305$13,384,033$49,918,047
79$75,437,447$20,600,706$13,722,378$54,394,734
80$83,018,581$21,496,655$14,068,591$59,303,790
81$91,369,415$22,432,930$14,422,828$64,688,306
82$100,568,347$23,411,395$14,785,245$70,595,727
83$110,701,767$24,434,002$15,155,999$77,078,290
84$121,864,872$25,502,793$15,535,249$84,193,513
85$134,162,566$26,619,907$15,923,158$92,004,731
86$147,710,452$27,787,586$16,319,887$100,581,686
87$162,635,915$29,008,175$16,725,601$110,001,179
88$179,079,334$30,284,132$17,140,464$120,347,786
89$197,195,401$31,618,029$17,564,644$131,714,653
90$217,154,580$33,012,561$17,998,308$144,204,361
91$239,144,721$34,470,550$18,441,626$157,929,890
92$263,372,828$35,994,953$18,894,766$173,015,677
93$290,067,016$37,588,864$19,357,899$189,598,776
94$319,478,661$39,255,528$19,831,198$207,830,149
95$351,884,775$40,998,339$20,314,834$227,876,076
96$387,590,620$42,820,856$20,808,979$249,919,717
97$426,932,590$44,726,805$21,313,806$274,162,827
98$470,281,384$46,720,088$21,829,489$300,827,651
99$518,045,507$48,804,795$22,356,199$330,159,009
100$570,675,127$50,985,208$22,894,110$362,426,595