Can I retire at age 55 with 7,500,000?

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 $7,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$619,343$613,826$608,444$603,190$598,061$578,916
2 years$306,605$300,895$295,361$289,995$284,791$265,680
3 years$202,373$196,638$191,118$185,803$180,683$162,205
4 years$150,267$144,550$139,085$133,860$128,865$111,161
5 years$119,012$113,329$107,936$102,818$97,961$81,079
6 years$98,182$92,542$87,228$82,224$77,513$61,468
7 years$83,309$77,716$72,487$67,601$63,039$47,828
8 years$72,160$66,617$61,475$56,709$52,297$37,910
9 years$63,492$58,002$52,948$48,303$44,041$30,463
10 years$56,562$51,126$46,161$41,638$37,526$24,734
11 years$50,896$45,515$40,640$36,237$32,273$20,245
12 years$46,178$40,851$36,067$31,785$27,967$16,677
13 years$42,189$36,918$32,223$28,062$24,388$13,807
14 years$38,772$33,557$28,953$24,910$21,378$11,479
15 years$35,814$30,655$26,140$22,215$18,823$9,575
16 years$33,228$28,126$23,700$19,891$16,636$8,009
17 years$30,948$25,903$21,566$17,872$14,751$6,714
18 years$28,925$23,935$19,687$16,106$13,116$5,639
19 years$27,116$22,183$18,023$14,554$11,690$4,744
20 years$25,490$20,613$16,540$13,181$10,442$3,996
21 years$24,021$19,201$15,214$11,963$9,344$3,370
22 years$22,687$17,923$14,022$10,877$8,376$2,844
23 years$21,471$16,763$12,947$9,906$7,519$2,402
24 years$20,358$15,706$11,974$9,035$6,758$2,030
25 years$19,336$14,739$11,090$8,251$6,081$1,717
26 years$18,394$13,852$10,285$7,544$5,478$1,453
27 years$17,523$13,037$9,551$6,905$4,939$1,229
28 years$16,716$12,284$8,879$6,327$4,456$1,041
29 years$15,966$11,589$8,262$5,802$4,024$882
30 years$15,267$10,945$7,696$5,325$3,636$747
31 years$14,614$10,346$7,175$4,890$3,287$633
32 years$14,004$9,790$6,694$4,494$2,973$536
33 years$13,431$9,271$6,251$4,133$2,691$454
34 years$12,894$8,787$5,840$3,803$2,436$385
35 years$12,388$8,334$5,460$3,500$2,207$326
36 years$11,912$7,910$5,108$3,224$1,999$277
37 years$11,462$7,513$4,781$2,970$1,812$235
38 years$11,037$7,140$4,477$2,738$1,643$199
39 years$10,635$6,789$4,194$2,524$1,490$169
40 years$10,254$6,460$3,931$2,328$1,351$143
41 years$9,892$6,149$3,686$2,148$1,226$121
42 years$9,549$5,856$3,458$1,983$1,112$103
43 years$9,222$5,580$3,245$1,830$1,010$87
44 years$8,911$5,319$3,046$1,690$916$74
45 years$8,615$5,072$2,860$1,561$832$63
46 years$8,332$4,838$2,686$1,442$755$53
47 years$8,063$4,617$2,524$1,332$686$45
48 years$7,805$4,408$2,372$1,231$623$38
49 years$7,558$4,209$2,229$1,137$566$32
50 years$7,323$4,021$2,096$1,051$514$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $7,500,000, adding $4,267 every year, while hoping to spend $37,074 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: 70/19/11 Blend
54$7,500,000$7,500,000$7,500,000$7,500,000
55$8,269,401$7,871,901$7,755,651$8,829,295
56$9,073,434$8,218,178$7,976,019$9,547,295
57$9,958,235$8,580,180$8,202,527$10,327,836
58$10,932,004$8,958,638$8,435,341$11,181,008
59$12,003,776$9,354,318$8,674,632$12,113,951
60$13,183,505$9,768,023$8,920,576$13,134,525
61$14,482,159$10,200,593$9,173,352$14,251,378
62$15,911,825$10,652,908$9,433,145$15,474,030
63$17,485,820$11,125,890$9,700,144$16,812,960
64$19,218,819$11,620,504$9,974,544$18,279,702
65$21,126,992$12,137,761$10,256,544$19,886,955
66$23,228,155$12,678,722$10,546,349$21,648,696
67$25,541,943$13,244,495$10,844,167$23,580,316
68$28,089,989$13,836,243$11,150,215$25,698,761
69$30,896,133$14,455,184$11,464,712$28,022,688
70$33,986,644$15,102,594$11,787,886$30,572,640
71$37,390,469$15,779,809$12,119,967$33,371,241
72$41,139,506$16,488,228$12,461,195$36,443,403
73$45,268,903$17,229,319$12,811,813$39,816,559
74$49,817,394$18,004,619$13,172,072$43,520,923
75$54,827,660$18,815,736$13,542,227$47,589,770
76$60,346,732$19,664,358$13,922,543$52,059,747
77$66,426,440$20,552,253$14,313,289$56,971,217
78$73,123,894$21,481,271$14,714,742$62,368,636
79$80,502,030$22,453,352$15,127,185$68,300,972
80$88,630,201$23,470,530$15,550,909$74,822,161
81$97,584,829$24,534,934$15,986,212$81,991,616
82$107,450,131$25,648,795$16,433,400$89,874,780
83$118,318,911$26,814,453$16,892,786$98,543,744
84$130,293,436$28,034,357$17,364,690$108,077,923
85$143,486,402$29,311,075$17,849,442$118,564,798
86$158,021,995$30,647,298$18,347,379$130,100,743
87$174,037,068$32,045,846$18,858,846$142,791,927
88$191,682,429$33,509,672$19,384,197$156,755,313
89$211,124,265$35,041,874$19,923,795$172,119,755
90$232,545,710$36,645,696$20,478,012$189,027,213
91$256,148,575$38,324,538$21,047,229$207,634,086
92$282,155,254$40,081,964$21,631,835$228,112,682
93$310,810,819$41,921,710$22,232,231$250,652,841
94$342,385,337$43,847,688$22,848,825$275,463,719
95$377,176,419$45,864,001$23,482,037$302,775,758
96$415,512,025$47,974,949$24,132,297$332,842,854
97$457,753,567$50,185,037$24,800,045$365,944,747
98$504,299,315$52,498,988$25,485,730$402,389,657
99$555,588,157$54,921,751$26,189,815$442,517,181
100$612,103,747$57,458,514$26,912,771$486,701,496