Can I retire at age 55 with 7,400,000?

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 $7,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$611,085$605,642$600,331$595,148$590,086$587,353
2 years$302,517$296,883$291,423$286,129$280,994$278,234
3 years$199,675$194,016$188,570$183,325$178,274$175,574
4 years$148,264$142,623$137,231$132,076$127,146$124,528
5 years$117,425$111,818$106,497$101,447$96,655$94,124
6 years$96,873$91,308$86,065$81,128$76,480$74,040
7 years$82,198$76,680$71,520$66,700$62,198$59,852
8 years$71,197$65,729$60,655$55,953$51,600$49,346
9 years$62,646$57,229$52,242$47,659$43,454$41,293
10 years$55,808$50,444$45,546$41,083$37,025$34,956
11 years$50,218$44,908$40,098$35,754$31,843$29,864
12 years$45,562$40,307$35,586$31,361$27,594$25,704
13 years$41,626$36,426$31,794$27,687$24,063$22,259
14 years$38,255$33,110$28,567$24,578$21,093$19,374
15 years$35,336$30,246$25,792$21,919$18,572$16,936
16 years$32,785$27,751$23,384$19,626$16,414$14,858
17 years$30,536$25,557$21,279$17,634$14,554$13,076
18 years$28,539$23,616$19,425$15,892$12,941$11,538
19 years$26,754$21,887$17,782$14,360$11,534$10,205
20 years$25,150$20,339$16,320$13,005$10,303$9,044
21 years$23,701$18,945$15,011$11,803$9,220$8,029
22 years$22,385$17,684$13,835$10,732$8,264$7,139
23 years$21,185$16,540$12,774$9,774$7,418$6,356
24 years$20,087$15,496$11,814$8,914$6,668$5,666
25 years$19,078$14,543$10,942$8,141$6,000$5,056
26 years$18,149$13,668$10,148$7,444$5,405$4,516
27 years$17,289$12,863$9,423$6,813$4,873$4,037
28 years$16,493$12,121$8,760$6,242$4,397$3,611
29 years$15,753$11,434$8,152$5,724$3,970$3,232
30 years$15,063$10,799$7,594$5,254$3,587$2,895
31 years$14,419$10,208$7,079$4,825$3,243$2,594
32 years$13,817$9,659$6,605$4,434$2,934$2,326
33 years$13,252$9,147$6,167$4,078$2,655$2,086
34 years$12,722$8,670$5,762$3,752$2,404$1,872
35 years$12,223$8,223$5,387$3,454$2,177$1,680
36 years$11,753$7,805$5,040$3,181$1,973$1,508
37 years$11,309$7,413$4,717$2,931$1,788$1,354
38 years$10,890$7,045$4,417$2,701$1,621$1,217
39 years$10,493$6,699$4,139$2,491$1,470$1,093
40 years$10,117$6,373$3,879$2,297$1,333$982
41 years$9,760$6,067$3,637$2,120$1,210$883
42 years$9,421$5,778$3,412$1,956$1,098$793
43 years$9,099$5,505$3,202$1,806$996$713
44 years$8,792$5,248$3,005$1,667$904$641
45 years$8,500$5,004$2,822$1,540$821$577
46 years$8,221$4,774$2,650$1,422$745$519
47 years$7,955$4,556$2,490$1,314$677$466
48 years$7,701$4,349$2,340$1,214$615$420
49 years$7,458$4,153$2,199$1,122$558$377
50 years$7,225$3,967$2,068$1,037$507$339

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $7,400,000, adding $4,067 every year, while hoping to spend $32,022 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: 28/49/23 Blend
54$7,400,000$7,400,000$7,400,000$7,400,000
55$8,158,995$7,766,795$7,652,095$8,328,438
56$8,957,141$8,113,297$7,874,369$8,807,962
57$9,835,625$8,475,704$8,103,016$9,319,723
58$10,802,608$8,854,762$8,338,216$9,868,910
59$11,867,080$9,251,252$8,580,153$10,458,741
60$13,038,951$9,665,992$8,829,016$11,092,742
61$14,329,138$10,099,840$9,085,002$11,774,766
62$15,749,671$10,553,692$9,348,310$12,509,035
63$17,313,805$11,028,491$9,619,146$13,300,173
64$19,036,147$11,525,221$9,897,722$14,153,242
65$20,932,793$12,044,916$10,184,255$15,073,793
66$23,021,478$12,588,657$10,478,967$16,067,906
67$25,321,745$13,157,577$10,782,089$17,142,249
68$27,855,130$13,752,865$11,093,856$18,304,134
69$30,645,363$14,375,766$11,414,510$19,561,580
70$33,718,594$15,027,582$11,744,299$20,923,386
71$37,103,637$15,709,680$12,083,480$22,399,205
72$40,832,246$16,423,492$12,432,315$23,999,634
73$44,939,410$17,170,518$12,791,072$25,736,304
74$49,463,687$17,952,330$13,160,030$27,621,986
75$54,447,564$18,770,576$13,539,472$29,670,706
76$59,937,862$19,626,980$13,929,691$31,897,866
77$65,986,174$20,523,353$14,330,986$34,320,389
78$72,649,356$21,461,589$14,743,666$36,956,863
79$79,990,059$22,443,676$15,168,048$39,827,719
80$88,077,324$23,471,695$15,604,456$42,955,405
81$96,987,231$24,547,828$16,053,225$46,364,600
82$106,803,617$25,674,360$16,514,697$50,082,428
83$117,618,871$26,853,689$16,989,224$54,138,712
84$129,534,802$28,088,325$17,477,169$58,566,243
85$142,663,600$29,380,901$17,978,902$63,401,081
86$157,128,897$30,734,176$18,494,806$68,682,881
87$173,066,933$32,151,039$19,025,270$74,455,261
88$190,627,842$33,634,521$19,570,698$80,766,200
89$209,977,068$35,187,799$20,131,503$87,668,478
90$231,296,928$36,814,201$20,708,108$95,220,163
91$254,788,334$38,517,215$21,300,948$103,485,145
92$280,672,685$40,300,500$21,910,471$112,533,724
93$309,193,962$42,167,888$22,537,135$122,443,264
94$340,621,028$44,123,396$23,181,411$133,298,902
95$375,250,168$46,171,237$23,843,783$145,194,340
96$413,407,882$48,315,825$24,524,747$158,232,709
97$455,453,972$50,561,787$25,224,812$172,527,530
98$501,784,936$52,913,973$25,944,502$188,203,764
99$552,837,710$55,377,468$26,684,353$205,398,973
100$609,093,794$57,957,601$27,444,917$224,264,600