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%13.5%
1 years$635,859$630,195$624,669$619,275$614,009$605,083
2 years$314,782$308,919$303,237$297,729$292,385$283,411
3 years$207,770$201,882$196,215$190,758$185,501$176,758
4 years$154,274$148,405$142,794$137,430$132,301$123,856
5 years$122,186$116,351$110,814$105,559$100,573$92,451
6 years$100,800$95,009$89,554$84,417$79,580$71,791
7 years$85,531$79,789$74,420$69,404$64,720$57,265
8 years$74,084$68,394$63,114$58,221$53,691$46,571
9 years$65,185$59,549$54,360$49,591$45,216$38,426
10 years$58,071$52,490$47,392$42,748$38,526$32,062
11 years$52,254$46,728$41,723$37,204$33,134$26,988
12 years$47,409$41,941$37,029$32,633$28,713$22,879
13 years$43,314$37,902$33,083$28,810$25,038$19,508
14 years$39,806$34,452$29,725$25,574$21,948$16,713
15 years$36,769$31,473$26,838$22,808$19,325$14,375
16 years$34,114$28,876$24,332$20,422$17,080$12,406
17 years$31,774$26,593$22,141$18,349$15,144$10,736
18 years$29,696$24,573$20,212$16,536$13,465$9,314
19 years$27,839$22,774$18,503$14,942$12,002$8,096
20 years$26,170$21,163$16,981$13,533$10,720$7,050
21 years$24,662$19,713$15,620$12,282$9,594$6,148
22 years$23,292$18,401$14,396$11,167$8,599$5,369
23 years$22,044$17,210$13,292$10,170$7,719$4,694
24 years$20,901$16,125$12,293$9,275$6,938$4,107
25 years$19,852$15,132$11,386$8,471$6,243$3,597
26 years$18,885$14,222$10,560$7,745$5,624$3,153
27 years$17,990$13,384$9,806$7,090$5,070$2,765
28 years$17,162$12,612$9,116$6,496$4,575$2,426
29 years$16,391$11,898$8,483$5,957$4,131$2,130
30 years$15,674$11,236$7,901$5,467$3,733$1,871
31 years$15,004$10,622$7,366$5,021$3,375$1,644
32 years$14,377$10,051$6,873$4,614$3,053$1,445
33 years$13,790$9,518$6,417$4,243$2,763$1,271
34 years$13,238$9,021$5,996$3,904$2,501$1,117
35 years$12,719$8,556$5,606$3,594$2,266$983
36 years$12,229$8,121$5,244$3,310$2,053$865
37 years$11,768$7,713$4,908$3,050$1,860$761
38 years$11,331$7,330$4,596$2,811$1,687$670
39 years$10,918$6,970$4,306$2,592$1,529$589
40 years$10,527$6,632$4,036$2,391$1,387$519
41 years$10,156$6,313$3,785$2,206$1,259$457
42 years$9,803$6,012$3,550$2,035$1,142$402
43 years$9,468$5,728$3,331$1,879$1,036$354
44 years$9,149$5,460$3,127$1,735$941$312
45 years$8,845$5,207$2,936$1,602$854$275
46 years$8,554$4,967$2,758$1,480$775$242
47 years$8,278$4,740$2,591$1,367$704$213
48 years$8,013$4,525$2,435$1,263$639$188
49 years$7,760$4,321$2,289$1,168$581$165
50 years$7,518$4,128$2,152$1,079$528$146

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 $3,483 every year, while hoping to spend $34,888 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: 49/27/24 Blend
54$7,700,000$7,700,000$7,700,000$7,700,000
55$8,488,993$8,080,893$7,961,543$8,847,163
56$9,317,749$8,439,736$8,191,134$9,456,158
57$10,229,870$8,814,993$8,427,247$10,113,618
58$11,233,821$9,207,432$8,670,064$10,827,196
59$12,338,930$9,617,856$8,919,771$11,602,204
60$13,555,478$10,047,107$9,176,560$12,444,477
61$14,894,789$10,496,068$9,440,627$13,360,431
62$16,369,345$10,965,663$9,712,176$14,357,118
63$17,992,897$11,456,860$9,991,412$15,442,287
64$19,780,599$11,970,672$10,278,551$16,624,463
65$21,749,148$12,508,162$10,573,810$17,913,016
66$23,916,943$13,070,444$10,877,414$19,318,253
67$26,304,258$13,658,683$11,189,595$20,851,509
68$28,933,435$14,274,101$11,510,589$22,525,254
69$31,829,092$14,917,978$11,840,640$24,353,202
70$35,018,355$15,591,655$12,179,998$26,350,445
71$38,531,118$16,296,538$12,528,919$28,533,586
72$42,400,322$17,034,097$12,887,666$30,920,894
73$46,662,263$17,805,876$13,256,512$33,532,473
74$51,356,941$18,613,492$13,635,732$36,390,450
75$56,528,433$19,458,637$14,025,614$39,519,174
76$62,225,310$20,343,086$14,426,448$42,945,449
77$68,501,093$21,268,699$14,838,536$46,698,777
78$75,414,764$22,237,425$15,262,186$50,811,635
79$83,031,315$23,251,304$15,697,715$55,319,775
80$91,422,369$24,312,478$16,145,448$60,262,558
81$100,666,849$25,423,187$16,605,718$65,683,320
82$110,851,727$26,585,783$17,078,869$71,629,773
83$122,072,843$27,802,726$17,565,251$78,154,455
84$134,435,812$29,076,599$18,065,226$85,315,216
85$148,057,017$30,410,104$18,579,163$93,175,759
86$163,064,710$31,806,077$19,107,443$101,806,234
87$179,600,224$33,267,488$19,650,456$111,283,896
88$197,819,301$34,797,450$20,208,601$121,693,825
89$217,893,570$36,399,225$20,782,289$133,129,722
90$240,012,161$38,076,233$21,371,942$145,694,787
91$264,383,491$39,832,059$21,977,992$159,502,684
92$291,237,235$41,670,457$22,600,882$174,678,606
93$320,826,489$43,595,366$23,241,068$191,360,450
94$353,430,164$45,610,912$23,899,017$209,700,105
95$389,355,614$47,721,420$24,575,207$229,864,882
96$428,941,540$49,931,423$25,270,130$252,039,077
97$472,561,188$52,245,673$25,984,290$276,425,708
98$520,625,869$54,669,151$26,718,204$303,248,414
99$573,588,847$57,207,079$27,472,403$332,753,557
100$631,949,611$59,864,927$28,247,430$365,212,539