Can I retire at age 55 with 7,700,000?

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 $7,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$635,859$630,195$624,669$619,275$614,009$602,845
2 years$314,782$308,919$303,237$297,729$292,385$281,178
3 years$207,770$201,882$196,215$190,758$185,501$174,599
4 years$154,274$148,405$142,794$137,430$132,301$121,789
5 years$122,186$116,351$110,814$105,559$100,573$90,480
6 years$100,800$95,009$89,554$84,417$79,580$69,918
7 years$85,531$79,789$74,420$69,404$64,720$55,491
8 years$74,084$68,394$63,114$58,221$53,691$44,894
9 years$65,185$59,549$54,360$49,591$45,216$36,845
10 years$58,071$52,490$47,392$42,748$38,526$30,574
11 years$52,254$46,728$41,723$37,204$33,134$25,591
12 years$47,409$41,941$37,029$32,633$28,713$21,569
13 years$43,314$37,902$33,083$28,810$25,038$18,282
14 years$39,806$34,452$29,725$25,574$21,948$15,568
15 years$36,769$31,473$26,838$22,808$19,325$13,308
16 years$34,114$28,876$24,332$20,422$17,080$11,413
17 years$31,774$26,593$22,141$18,349$15,144$9,814
18 years$29,696$24,573$20,212$16,536$13,465$8,458
19 years$27,839$22,774$18,503$14,942$12,002$7,304
20 years$26,170$21,163$16,981$13,533$10,720$6,318
21 years$24,662$19,713$15,620$12,282$9,594$5,472
22 years$23,292$18,401$14,396$11,167$8,599$4,746
23 years$22,044$17,210$13,292$10,170$7,719$4,120
24 years$20,901$16,125$12,293$9,275$6,938$3,580
25 years$19,852$15,132$11,386$8,471$6,243$3,113
26 years$18,885$14,222$10,560$7,745$5,624$2,709
27 years$17,990$13,384$9,806$7,090$5,070$2,359
28 years$17,162$12,612$9,116$6,496$4,575$2,055
29 years$16,391$11,898$8,483$5,957$4,131$1,791
30 years$15,674$11,236$7,901$5,467$3,733$1,561
31 years$15,004$10,622$7,366$5,021$3,375$1,362
32 years$14,377$10,051$6,873$4,614$3,053$1,188
33 years$13,790$9,518$6,417$4,243$2,763$1,037
34 years$13,238$9,021$5,996$3,904$2,501$905
35 years$12,719$8,556$5,606$3,594$2,266$790
36 years$12,229$8,121$5,244$3,310$2,053$690
37 years$11,768$7,713$4,908$3,050$1,860$602
38 years$11,331$7,330$4,596$2,811$1,687$526
39 years$10,918$6,970$4,306$2,592$1,529$459
40 years$10,527$6,632$4,036$2,391$1,387$401
41 years$10,156$6,313$3,785$2,206$1,259$351
42 years$9,803$6,012$3,550$2,035$1,142$306
43 years$9,468$5,728$3,331$1,879$1,036$268
44 years$9,149$5,460$3,127$1,735$941$234
45 years$8,845$5,207$2,936$1,602$854$204
46 years$8,554$4,967$2,758$1,480$775$179
47 years$8,278$4,740$2,591$1,367$704$156
48 years$8,013$4,525$2,435$1,263$639$136
49 years$7,760$4,321$2,289$1,168$581$119
50 years$7,518$4,128$2,152$1,079$528$104

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $7,700,000, adding $4,890 every year, while hoping to spend $42,261 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: 58/21/21 Blend
54$7,700,000$7,700,000$7,700,000$7,700,000
55$8,490,444$8,082,344$7,962,994$8,935,074
56$9,311,504$8,433,414$8,184,789$9,589,162
57$10,214,896$8,800,269$8,412,598$10,296,940
58$11,208,972$9,183,639$8,646,577$11,067,660
59$12,302,937$9,584,288$8,886,887$11,907,408
60$13,506,933$10,003,014$9,133,694$12,822,880
61$14,832,132$10,440,653$9,387,164$13,821,436
62$16,290,847$10,898,083$9,647,473$14,911,179
63$17,896,646$11,376,222$9,914,795$16,101,019
64$19,664,476$11,876,029$10,189,313$17,400,762
65$21,610,810$12,398,511$10,471,212$18,821,199
66$23,753,797$12,944,722$10,760,682$20,374,204
67$26,113,437$13,515,767$11,057,918$22,072,845
68$28,711,768$14,112,800$11,363,119$23,931,507
69$31,573,074$14,737,033$11,676,489$25,966,021
70$34,724,114$15,389,734$11,998,237$28,193,815
71$38,194,373$16,072,230$12,328,577$30,634,076
72$42,016,343$16,785,913$12,667,729$33,307,924
73$46,225,827$17,532,241$13,015,915$36,238,613
74$50,862,279$18,312,738$13,373,366$39,451,746
75$55,969,174$19,129,005$13,740,316$42,975,515
76$61,594,419$19,982,715$14,117,006$46,840,960
77$67,790,805$20,875,623$14,503,681$51,082,265
78$74,616,506$21,809,568$14,900,593$55,737,070
79$82,135,626$22,786,473$15,307,999$60,846,829
80$90,418,805$23,808,356$15,726,163$66,457,194
81$99,543,888$24,877,329$16,155,354$72,618,443
82$109,596,653$25,995,607$16,595,847$79,385,952
83$120,671,628$27,165,508$17,047,924$86,820,709
84$132,872,978$28,389,462$17,511,873$94,989,892
85$146,315,490$29,670,014$17,987,990$103,967,493
86$161,125,657$31,009,832$18,476,574$113,835,014
87$177,442,869$32,411,709$18,977,935$124,682,231
88$195,420,733$33,878,573$19,492,386$136,608,035
89$215,228,517$35,413,493$20,020,251$149,721,363
90$237,052,754$37,019,682$20,561,857$164,142,219
91$261,098,997$38,700,509$21,117,541$180,002,799
92$287,593,763$40,459,502$21,687,647$197,448,736
93$316,786,669$42,300,360$22,272,526$216,640,466
94$348,952,790$44,226,958$22,872,536$237,754,738
95$384,395,251$46,243,356$23,488,043$260,986,273
96$423,448,097$48,353,811$24,119,422$286,549,596
97$466,479,435$50,562,780$24,767,055$314,681,054
98$513,894,918$52,874,937$25,431,333$345,641,037
99$566,141,570$55,295,179$26,112,652$379,716,431
100$623,712,005$57,828,638$26,811,421$417,223,314