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%15.6%
1 years$619,343$613,826$608,444$603,190$598,061$584,315
2 years$306,605$300,895$295,361$289,995$284,791$271,018
3 years$202,373$196,638$191,118$185,803$180,683$167,313
4 years$150,267$144,550$139,085$133,860$128,865$116,001
5 years$119,012$113,329$107,936$102,818$97,961$85,640
6 years$98,182$92,542$87,228$82,224$77,513$65,747
7 years$83,309$77,716$72,487$67,601$63,039$51,830
8 years$72,160$66,617$61,475$56,709$52,297$41,640
9 years$63,492$58,002$52,948$48,303$44,041$33,929
10 years$56,562$51,126$46,161$41,638$37,526$27,947
11 years$50,896$45,515$40,640$36,237$32,273$23,215
12 years$46,178$40,851$36,067$31,785$27,967$19,415
13 years$42,189$36,918$32,223$28,062$24,388$16,326
14 years$38,772$33,557$28,953$24,910$21,378$13,789
15 years$35,814$30,655$26,140$22,215$18,823$11,690
16 years$33,228$28,126$23,700$19,891$16,636$9,940
17 years$30,948$25,903$21,566$17,872$14,751$8,474
18 years$28,925$23,935$19,687$16,106$13,116$7,240
19 years$27,116$22,183$18,023$14,554$11,690$6,196
20 years$25,490$20,613$16,540$13,181$10,442$5,311
21 years$24,021$19,201$15,214$11,963$9,344$4,559
22 years$22,687$17,923$14,022$10,877$8,376$3,917
23 years$21,471$16,763$12,947$9,906$7,519$3,369
24 years$20,358$15,706$11,974$9,035$6,758$2,900
25 years$19,336$14,739$11,090$8,251$6,081$2,498
26 years$18,394$13,852$10,285$7,544$5,478$2,153
27 years$17,523$13,037$9,551$6,905$4,939$1,856
28 years$16,716$12,284$8,879$6,327$4,456$1,601
29 years$15,966$11,589$8,262$5,802$4,024$1,382
30 years$15,267$10,945$7,696$5,325$3,636$1,193
31 years$14,614$10,346$7,175$4,890$3,287$1,030
32 years$14,004$9,790$6,694$4,494$2,973$890
33 years$13,431$9,271$6,251$4,133$2,691$769
34 years$12,894$8,787$5,840$3,803$2,436$664
35 years$12,388$8,334$5,460$3,500$2,207$574
36 years$11,912$7,910$5,108$3,224$1,999$496
37 years$11,462$7,513$4,781$2,970$1,812$429
38 years$11,037$7,140$4,477$2,738$1,643$371
39 years$10,635$6,789$4,194$2,524$1,490$321
40 years$10,254$6,460$3,931$2,328$1,351$277
41 years$9,892$6,149$3,686$2,148$1,226$240
42 years$9,549$5,856$3,458$1,983$1,112$207
43 years$9,222$5,580$3,245$1,830$1,010$179
44 years$8,911$5,319$3,046$1,690$916$155
45 years$8,615$5,072$2,860$1,561$832$134
46 years$8,332$4,838$2,686$1,442$755$116
47 years$8,063$4,617$2,524$1,332$686$100
48 years$7,805$4,408$2,372$1,231$623$87
49 years$7,558$4,209$2,229$1,137$566$75
50 years$7,323$4,021$2,096$1,051$514$65

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 $3,376 every year, while hoping to spend $50,906 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: 80/12/8 Blend
54$7,500,000$7,500,000$7,500,000$7,500,000
55$8,268,482$7,870,982$7,754,732$8,921,141
56$9,057,704$8,202,497$7,960,352$9,680,847
57$9,925,720$8,548,549$8,171,154$10,507,234
58$10,880,514$8,909,799$8,387,258$11,412,481
59$11,930,881$9,286,934$8,608,787$12,404,438
60$13,086,514$9,680,676$8,835,863$13,491,752
61$14,358,089$10,091,780$9,068,616$14,683,940
62$15,757,373$10,521,036$9,307,173$15,991,487
63$17,297,328$10,969,271$9,551,667$17,425,936
64$18,992,240$11,437,349$9,802,232$18,999,999
65$20,857,845$11,926,176$10,059,003$20,727,677
66$22,911,487$12,436,700$10,322,122$22,624,391
67$25,172,274$12,969,913$10,591,728$24,707,122
68$27,661,261$13,526,854$10,867,966$26,994,577
69$30,401,649$14,108,610$11,150,983$29,507,358
70$33,419,004$14,716,318$11,440,927$32,268,159
71$36,741,495$15,351,171$11,737,951$35,301,977
72$40,400,163$16,014,414$12,042,208$38,636,349
73$44,429,214$16,707,354$12,353,855$42,301,607
74$48,866,336$17,431,357$12,673,052$46,331,163
75$53,753,064$18,187,854$12,999,961$50,761,828
76$59,135,162$18,978,345$13,334,745$55,634,150
77$65,063,061$19,804,397$13,677,572$60,992,800
78$71,592,334$20,667,653$14,028,611$66,886,993
79$78,784,217$21,569,833$14,388,034$73,370,945
80$86,706,190$22,512,737$14,756,017$80,504,388
81$95,432,613$23,498,253$15,132,735$88,353,130
82$105,045,427$24,528,355$15,518,368$96,989,674
83$115,634,926$25,605,110$15,913,099$106,493,899
84$127,300,612$26,730,684$16,317,112$116,953,814
85$140,152,132$27,907,345$16,730,593$128,466,386
86$154,310,314$29,137,469$17,153,732$141,138,450
87$169,908,304$30,423,543$17,586,720$155,087,718
88$187,092,826$31,768,172$18,029,751$170,443,888
89$206,025,567$33,174,085$18,483,020$187,349,860
90$226,884,700$34,644,140$18,946,726$205,963,089
91$249,866,566$36,181,330$19,421,069$226,457,064
92$275,187,532$37,788,791$19,906,250$249,022,944
93$303,086,024$39,469,806$20,402,474$273,871,359
94$333,824,789$41,227,817$20,909,946$301,234,395
95$367,693,362$43,066,425$21,428,875$331,367,778
96$405,010,812$44,989,406$21,959,469$364,553,291
97$446,128,742$47,000,714$22,501,938$401,101,425
98$491,434,616$49,104,491$23,056,495$441,354,307
99$541,355,412$51,305,077$23,623,353$485,688,924
100$596,361,655$53,607,017$24,202,727$534,520,683