Can I retire at age 55 with 7,300,000?

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 $7,300,000?

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$602,827$597,458$592,219$587,105$582,112$578,929
2 years$298,429$292,871$287,485$282,262$277,196$273,984
3 years$196,977$191,395$186,022$180,848$175,865$172,723
4 years$146,260$140,695$135,376$130,291$125,428$122,382
5 years$115,838$110,307$105,057$100,076$95,349$92,406
6 years$95,564$90,074$84,902$80,031$75,446$72,611
7 years$81,087$75,644$70,554$65,798$61,358$58,632
8 years$70,235$64,841$59,835$55,197$50,902$48,285
9 years$61,799$56,456$51,536$47,015$42,867$40,359
10 years$55,054$49,763$44,930$40,528$36,525$34,124
11 years$49,539$44,301$39,556$35,271$31,413$29,117
12 years$44,947$39,762$35,105$30,938$27,221$25,030
13 years$41,064$35,933$31,364$27,313$23,738$21,648
14 years$37,738$32,662$28,181$24,246$20,808$18,818
15 years$34,859$29,838$25,443$21,623$18,321$16,428
16 years$32,342$27,376$23,068$19,361$16,192$14,393
17 years$30,123$25,212$20,991$17,396$14,357$12,649
18 years$28,153$23,297$19,162$15,677$12,766$11,146
19 years$26,393$21,591$17,542$14,165$11,378$9,844
20 years$24,810$20,064$16,099$12,830$10,163$8,712
21 years$23,381$18,689$14,808$11,644$9,095$7,723
22 years$22,082$17,445$13,648$10,587$8,153$6,856
23 years$20,899$16,316$12,602$9,642$7,318$6,095
24 years$19,816$15,287$11,654$8,794$6,578$5,425
25 years$18,821$14,346$10,794$8,031$5,919$4,834
26 years$17,904$13,483$10,011$7,343$5,332$4,311
27 years$17,056$12,689$9,296$6,721$4,807$3,847
28 years$16,270$11,957$8,642$6,158$4,337$3,436
29 years$15,540$11,280$8,042$5,647$3,916$3,071
30 years$14,860$10,653$7,491$5,183$3,539$2,746
31 years$14,225$10,070$6,984$4,760$3,199$2,457
32 years$13,630$9,529$6,516$4,374$2,894$2,199
33 years$13,073$9,024$6,084$4,023$2,619$1,969
34 years$12,550$8,552$5,684$3,701$2,371$1,764
35 years$12,058$8,112$5,314$3,407$2,148$1,580
36 years$11,594$7,699$4,972$3,138$1,946$1,416
37 years$11,156$7,313$4,653$2,891$1,764$1,270
38 years$10,743$6,950$4,358$2,665$1,599$1,139
39 years$10,351$6,608$4,083$2,457$1,450$1,021
40 years$9,980$6,287$3,827$2,266$1,315$916
41 years$9,628$5,985$3,588$2,091$1,193$822
42 years$9,294$5,700$3,366$1,930$1,083$738
43 years$8,976$5,431$3,158$1,781$983$662
44 years$8,673$5,177$2,965$1,645$892$594
45 years$8,385$4,936$2,784$1,519$810$533
46 years$8,110$4,709$2,615$1,403$735$479
47 years$7,848$4,494$2,456$1,296$668$430
48 years$7,597$4,290$2,308$1,198$606$386
49 years$7,357$4,097$2,170$1,107$551$347
50 years$7,127$3,913$2,040$1,023$500$311

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $7,300,000, adding $3,064 every year, while hoping to spend $22,934 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: 36/41/23 Blend
54$7,300,000$7,300,000$7,300,000$7,300,000
55$8,047,761$7,660,861$7,547,711$8,281,492
56$8,844,230$8,011,841$7,776,157$8,804,502
57$9,721,172$8,379,251$8,011,488$9,366,410
58$10,686,768$8,763,871$8,253,910$9,972,579
59$11,750,038$9,166,520$8,503,635$10,626,988
60$12,920,917$9,588,055$8,760,882$11,334,000
61$14,210,356$10,029,375$9,025,877$12,098,401
62$15,630,420$10,491,422$9,298,852$12,925,436
63$17,194,404$10,975,183$9,580,045$13,820,861
64$18,916,960$11,481,694$9,869,703$14,790,994
65$20,814,232$12,012,039$10,168,080$15,842,765
66$22,904,009$12,567,354$10,475,436$16,983,782
67$25,205,896$13,148,832$10,792,041$18,222,401
68$27,741,493$13,757,721$11,118,171$19,567,792
69$30,534,607$14,395,331$11,454,110$21,030,032
70$33,611,467$15,063,033$11,800,154$22,620,187
71$37,000,981$15,762,265$12,156,603$24,350,414
72$40,735,001$16,494,536$12,523,769$26,234,073
73$44,848,629$17,261,426$12,901,973$28,285,846
74$49,380,544$18,064,592$13,291,545$30,521,868
75$54,373,372$18,905,769$13,692,824$32,959,877
76$59,874,082$19,786,778$14,106,160$35,619,373
77$65,934,436$20,709,527$14,531,913$38,521,798
78$72,611,471$21,676,017$14,970,455$41,690,727
79$79,968,043$22,688,344$15,422,167$45,152,091
80$88,073,417$23,748,706$15,887,444$48,934,406
81$97,003,921$24,859,408$16,366,688$53,069,040
82$106,843,668$26,022,866$16,860,319$57,590,502
83$117,685,347$27,241,611$17,368,764$62,536,754
84$129,631,101$28,518,299$17,892,467$67,949,566
85$142,793,491$29,855,713$18,431,882$73,874,897
86$157,296,555$31,256,771$18,987,478$80,363,324
87$173,276,982$32,724,531$19,559,737$87,470,503
88$190,885,403$34,262,202$20,149,157$95,257,690
89$210,287,809$35,873,145$20,756,249$103,792,305
90$231,667,121$37,560,884$21,381,539$113,148,559
91$255,224,917$39,329,117$22,025,570$123,408,138
92$281,183,332$41,181,717$22,688,900$134,660,969
93$309,787,157$43,122,748$23,372,104$147,006,049
94$341,306,152$45,156,467$24,075,774$160,552,369
95$376,037,586$47,287,340$24,800,519$175,419,927
96$414,309,050$49,520,050$25,546,966$191,740,849
97$456,481,545$51,859,505$26,315,762$209,660,616
98$502,952,894$54,310,851$27,107,571$229,339,423
99$554,161,492$56,879,486$27,923,078$250,953,675
100$610,590,451$59,571,068$28,762,988$274,697,632