Can I retire at age 55 with 7,600,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $7,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$627,601$622,011$616,556$611,233$606,035$597,225
2 years$310,694$304,907$299,299$293,862$288,588$279,731
3 years$205,072$199,260$193,666$188,280$183,092$174,463
4 years$152,271$146,477$140,940$135,645$130,583$122,248
5 years$120,599$114,840$109,375$104,189$99,267$91,251
6 years$99,491$93,775$88,391$83,320$78,547$70,858
7 years$84,420$78,753$73,453$68,502$63,879$56,522
8 years$73,122$67,505$62,294$57,465$52,994$45,966
9 years$64,339$58,776$53,654$48,947$44,629$37,927
10 years$57,317$51,808$46,777$42,193$38,026$31,645
11 years$51,575$46,121$41,182$36,721$32,704$26,638
12 years$46,794$41,396$36,548$32,209$28,340$22,582
13 years$42,751$37,410$32,653$28,436$24,713$19,254
14 years$39,289$34,005$29,339$25,242$21,663$16,496
15 years$36,291$31,064$26,489$22,511$19,074$14,188
16 years$33,671$28,501$24,016$20,157$16,858$12,244
17 years$31,361$26,248$21,854$18,110$14,947$10,597
18 years$29,310$24,254$19,950$16,321$13,290$9,193
19 years$27,477$22,479$18,263$14,748$11,846$7,991
20 years$25,830$20,888$16,761$13,357$10,581$6,958
21 years$24,341$19,457$15,417$12,122$9,469$6,068
22 years$22,990$18,162$14,209$11,022$8,488$5,299
23 years$21,758$16,987$13,119$10,038$7,619$4,633
24 years$20,630$15,915$12,133$9,155$6,848$4,054
25 years$19,594$14,936$11,238$8,361$6,162$3,551
26 years$18,639$14,037$10,422$7,645$5,551$3,112
27 years$17,757$13,211$9,678$6,997$5,004$2,729
28 years$16,939$12,448$8,997$6,411$4,516$2,395
29 years$16,179$11,744$8,373$5,879$4,077$2,103
30 years$15,470$11,091$7,799$5,396$3,684$1,847
31 years$14,809$10,484$7,271$4,955$3,331$1,623
32 years$14,190$9,920$6,784$4,554$3,013$1,426
33 years$13,610$9,395$6,334$4,188$2,727$1,254
34 years$13,066$8,904$5,918$3,853$2,469$1,103
35 years$12,553$8,445$5,533$3,547$2,236$970
36 years$12,071$8,016$5,176$3,267$2,026$853
37 years$11,615$7,613$4,845$3,010$1,836$751
38 years$11,184$7,235$4,537$2,774$1,665$661
39 years$10,777$6,880$4,250$2,558$1,510$582
40 years$10,390$6,546$3,984$2,359$1,369$512
41 years$10,024$6,231$3,736$2,177$1,242$451
42 years$9,676$5,934$3,504$2,009$1,127$397
43 years$9,345$5,654$3,288$1,855$1,023$350
44 years$9,030$5,389$3,087$1,712$929$308
45 years$8,730$5,139$2,898$1,581$843$271
46 years$8,443$4,903$2,722$1,461$765$239
47 years$8,170$4,679$2,557$1,350$695$210
48 years$7,909$4,466$2,403$1,247$631$185
49 years$7,659$4,265$2,259$1,153$573$163
50 years$7,420$4,074$2,124$1,065$521$144

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $7,600,000, adding $4,363 every year, while hoping to spend $25,625 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: 34/39/27 Blend
54$7,600,000$7,600,000$7,600,000$7,600,000
55$8,379,700$7,976,900$7,859,100$8,595,896
56$9,207,165$8,340,504$8,095,115$9,122,539
57$10,118,172$8,721,065$8,338,178$9,687,446
58$11,121,216$9,119,387$8,588,498$10,296,130
59$12,225,657$9,536,314$8,846,289$10,952,504
60$13,441,808$9,972,728$9,111,774$11,660,854
61$14,781,034$10,429,553$9,385,180$12,425,880
62$16,255,859$10,907,760$9,666,742$13,252,739
63$17,880,081$11,408,365$9,956,703$14,147,081
64$19,668,906$11,932,432$10,255,310$15,115,111
65$21,639,091$12,481,078$10,562,819$16,163,635
66$23,809,100$13,055,472$10,879,495$17,300,122
67$26,199,278$13,656,840$11,205,608$18,532,774
68$28,832,047$14,286,467$11,541,438$19,870,594
69$31,732,112$14,945,700$11,887,272$21,323,471
70$34,926,698$15,635,950$12,243,406$22,902,265
71$38,445,806$16,358,697$12,610,145$24,618,907
72$42,322,495$17,115,490$12,987,803$26,486,506
73$46,593,196$17,907,956$13,376,701$28,519,467
74$51,298,054$18,737,797$13,777,172$30,733,620
75$56,481,306$19,606,800$14,189,558$33,146,367
76$62,191,702$20,516,835$14,614,210$35,776,837
77$68,482,961$21,469,866$15,051,492$38,646,062
78$75,414,281$22,467,948$15,501,775$41,777,167
79$83,050,897$23,513,236$15,965,443$45,195,583
80$91,464,695$24,607,991$16,442,892$48,929,280
81$100,734,892$25,754,581$16,934,528$53,009,021
82$110,948,785$26,955,489$17,440,768$57,468,647
83$122,202,571$28,213,318$17,962,043$62,345,386
84$134,602,259$29,530,796$18,498,798$67,680,198
85$148,264,668$30,910,784$19,051,487$73,518,150
86$163,318,532$32,356,281$19,620,579$79,908,834
87$179,905,713$33,870,429$20,206,559$86,906,824
88$198,182,540$35,456,524$20,809,923$94,572,179
89$218,321,286$37,118,021$21,431,182$102,971,005
90$240,511,794$38,858,541$22,070,864$112,176,058
91$264,963,269$40,681,881$22,729,510$122,267,430
92$291,906,251$42,592,022$23,407,677$133,333,284
93$321,594,794$44,593,137$24,105,940$145,470,675
94$354,308,863$46,689,601$24,824,889$158,786,456
95$390,356,977$48,886,000$25,565,132$173,398,268
96$430,079,119$51,187,145$26,327,295$189,435,640
97$473,849,950$53,598,076$27,112,020$207,041,192
98$522,082,343$56,124,079$27,919,970$226,371,965
99$575,231,280$58,770,698$28,751,828$247,600,891
100$633,798,150$61,543,741$29,608,293$270,918,403