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%18.1%
1 years$602,827$597,458$592,219$587,105$582,112$563,028
2 years$298,429$292,871$287,485$282,262$277,196$258,151
3 years$196,977$191,395$186,022$180,848$175,865$157,457
4 years$146,260$140,695$135,376$130,291$125,428$107,798
5 years$115,838$110,307$105,057$100,076$95,349$78,544
6 years$95,564$90,074$84,902$80,031$75,446$59,480
7 years$81,087$75,644$70,554$65,798$61,358$46,229
8 years$70,235$64,841$59,835$55,197$50,902$36,599
9 years$61,799$56,456$51,536$47,015$42,867$29,373
10 years$55,054$49,763$44,930$40,528$36,525$23,819
11 years$49,539$44,301$39,556$35,271$31,413$19,471
12 years$44,947$39,762$35,105$30,938$27,221$16,018
13 years$41,064$35,933$31,364$27,313$23,738$13,244
14 years$37,738$32,662$28,181$24,246$20,808$10,995
15 years$34,859$29,838$25,443$21,623$18,321$9,159
16 years$32,342$27,376$23,068$19,361$16,192$7,650
17 years$30,123$25,212$20,991$17,396$14,357$6,404
18 years$28,153$23,297$19,162$15,677$12,766$5,370
19 years$26,393$21,591$17,542$14,165$11,378$4,511
20 years$24,810$20,064$16,099$12,830$10,163$3,794
21 years$23,381$18,689$14,808$11,644$9,095$3,194
22 years$22,082$17,445$13,648$10,587$8,153$2,692
23 years$20,899$16,316$12,602$9,642$7,318$2,270
24 years$19,816$15,287$11,654$8,794$6,578$1,916
25 years$18,821$14,346$10,794$8,031$5,919$1,617
26 years$17,904$13,483$10,011$7,343$5,332$1,366
27 years$17,056$12,689$9,296$6,721$4,807$1,154
28 years$16,270$11,957$8,642$6,158$4,337$976
29 years$15,540$11,280$8,042$5,647$3,916$825
30 years$14,860$10,653$7,491$5,183$3,539$698
31 years$14,225$10,070$6,984$4,760$3,199$590
32 years$13,630$9,529$6,516$4,374$2,894$499
33 years$13,073$9,024$6,084$4,023$2,619$422
34 years$12,550$8,552$5,684$3,701$2,371$357
35 years$12,058$8,112$5,314$3,407$2,148$303
36 years$11,594$7,699$4,972$3,138$1,946$256
37 years$11,156$7,313$4,653$2,891$1,764$217
38 years$10,743$6,950$4,358$2,665$1,599$183
39 years$10,351$6,608$4,083$2,457$1,450$155
40 years$9,980$6,287$3,827$2,266$1,315$131
41 years$9,628$5,985$3,588$2,091$1,193$111
42 years$9,294$5,700$3,366$1,930$1,083$94
43 years$8,976$5,431$3,158$1,781$983$80
44 years$8,673$5,177$2,965$1,645$892$68
45 years$8,385$4,936$2,784$1,519$810$57
46 years$8,110$4,709$2,615$1,403$735$48
47 years$7,848$4,494$2,456$1,296$668$41
48 years$7,597$4,290$2,308$1,198$606$35
49 years$7,357$4,097$2,170$1,107$551$29
50 years$7,127$3,913$2,040$1,023$500$25

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 $4,398 every year, while hoping to spend $31,617 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: 47/39/14 Blend
54$7,300,000$7,300,000$7,300,000$7,300,000
55$8,049,137$7,662,237$7,549,087$8,395,619
56$8,836,508$8,004,046$7,768,341$8,977,731
57$9,703,132$8,361,544$7,993,880$9,605,556
58$10,657,059$8,735,467$8,225,882$10,286,255
59$11,707,158$9,126,584$8,464,529$11,024,764
60$12,863,205$9,535,704$8,710,007$11,826,503
61$14,135,969$9,963,670$8,962,509$12,697,424
62$15,537,317$10,411,369$9,222,233$13,644,065
63$17,080,327$10,879,730$9,489,381$14,673,608
64$18,779,406$11,369,723$9,764,162$15,793,943
65$20,650,434$11,882,368$10,046,789$17,013,742
66$22,710,906$12,418,731$10,337,485$18,342,535
67$24,980,101$12,979,932$10,636,473$19,790,799
68$27,479,264$13,567,141$10,943,987$21,370,050
69$30,231,803$14,181,585$11,260,265$23,092,948
70$33,263,516$14,824,552$11,585,553$24,973,417
71$36,602,828$15,497,388$11,920,102$27,026,767
72$40,281,062$16,201,505$12,264,171$29,269,838
73$44,332,735$16,938,384$12,618,026$31,721,150
74$48,795,884$17,709,575$12,981,939$34,401,079
75$53,712,422$18,516,702$13,356,192$37,332,037
76$59,128,536$19,361,468$13,741,072$40,538,687
77$65,095,124$20,245,657$14,136,875$44,048,163
78$71,668,272$21,171,139$14,543,905$47,890,322
79$78,909,784$22,139,873$14,962,474$52,098,022
80$86,887,768$23,153,912$15,392,903$56,707,427
81$95,677,275$24,215,409$15,835,520$61,758,336
82$105,361,011$25,326,618$16,290,664$67,294,557
83$116,030,115$26,489,903$16,758,683$73,364,312
84$127,785,020$27,707,741$17,239,931$80,020,684
85$140,736,399$28,982,728$17,734,776$87,322,111
86$155,006,214$30,317,584$18,243,594$95,332,930
87$170,728,864$31,715,162$18,766,770$104,123,973
88$188,052,452$33,178,449$19,304,701$113,773,230
89$207,140,187$34,710,578$19,857,793$124,366,573
90$228,171,923$36,314,833$20,426,466$135,998,560
91$251,345,854$37,994,654$21,011,147$148,773,313
92$276,880,388$39,753,650$21,612,278$162,805,495
93$305,016,208$41,595,599$22,230,310$178,221,377
94$336,018,544$43,524,466$22,865,708$195,160,021
95$370,179,675$45,544,404$23,518,948$213,774,578
96$407,821,688$47,659,767$24,190,520$234,233,723
97$449,299,524$49,875,118$24,880,925$256,723,233
98$495,004,319$52,195,243$25,590,680$281,447,726
99$545,367,105$54,625,155$26,320,313$308,632,580
100$600,862,874$57,170,112$27,070,368$338,526,040