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%12.2%
1 years$635,859$630,195$624,669$619,275$614,009$608,356
2 years$314,782$308,919$303,237$297,729$292,385$286,690
3 years$207,770$201,882$196,215$190,758$185,501$179,940
4 years$154,274$148,405$142,794$137,430$132,301$126,917
5 years$122,186$116,351$110,814$105,559$100,573$95,381
6 years$100,800$95,009$89,554$84,417$79,580$74,588
7 years$85,531$79,789$74,420$69,404$64,720$59,929
8 years$74,084$68,394$63,114$58,221$53,691$49,101
9 years$65,185$59,549$54,360$49,591$45,216$40,826
10 years$58,071$52,490$47,392$42,748$38,526$34,333
11 years$52,254$46,728$41,723$37,204$33,134$29,134
12 years$47,409$41,941$37,029$32,633$28,713$24,903
13 years$43,314$37,902$33,083$28,810$25,038$21,414
14 years$39,806$34,452$29,725$25,574$21,948$18,505
15 years$36,769$31,473$26,838$22,808$19,325$16,058
16 years$34,114$28,876$24,332$20,422$17,080$13,983
17 years$31,774$26,593$22,141$18,349$15,144$12,212
18 years$29,696$24,573$20,212$16,536$13,465$10,693
19 years$27,839$22,774$18,503$14,942$12,002$9,383
20 years$26,170$21,163$16,981$13,533$10,720$8,250
21 years$24,662$19,713$15,620$12,282$9,594$7,265
22 years$23,292$18,401$14,396$11,167$8,599$6,407
23 years$22,044$17,210$13,292$10,170$7,719$5,657
24 years$20,901$16,125$12,293$9,275$6,938$5,000
25 years$19,852$15,132$11,386$8,471$6,243$4,424
26 years$18,885$14,222$10,560$7,745$5,624$3,918
27 years$17,990$13,384$9,806$7,090$5,070$3,472
28 years$17,162$12,612$9,116$6,496$4,575$3,079
29 years$16,391$11,898$8,483$5,957$4,131$2,732
30 years$15,674$11,236$7,901$5,467$3,733$2,425
31 years$15,004$10,622$7,366$5,021$3,375$2,154
32 years$14,377$10,051$6,873$4,614$3,053$1,913
33 years$13,790$9,518$6,417$4,243$2,763$1,701
34 years$13,238$9,021$5,996$3,904$2,501$1,512
35 years$12,719$8,556$5,606$3,594$2,266$1,345
36 years$12,229$8,121$5,244$3,310$2,053$1,196
37 years$11,768$7,713$4,908$3,050$1,860$1,064
38 years$11,331$7,330$4,596$2,811$1,687$947
39 years$10,918$6,970$4,306$2,592$1,529$843
40 years$10,527$6,632$4,036$2,391$1,387$750
41 years$10,156$6,313$3,785$2,206$1,259$668
42 years$9,803$6,012$3,550$2,035$1,142$595
43 years$9,468$5,728$3,331$1,879$1,036$530
44 years$9,149$5,460$3,127$1,735$941$472
45 years$8,845$5,207$2,936$1,602$854$420
46 years$8,554$4,967$2,758$1,480$775$374
47 years$8,278$4,740$2,591$1,367$704$333
48 years$8,013$4,525$2,435$1,263$639$297
49 years$7,760$4,321$2,289$1,168$581$264
50 years$7,518$4,128$2,152$1,079$528$236

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 $5,992 every year, while hoping to spend $40,317 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: 60/23/17 Blend
54$7,700,000$7,700,000$7,700,000$7,700,000
55$8,491,581$8,083,481$7,964,131$8,963,709
56$9,314,825$8,436,674$8,188,032$9,636,428
57$10,220,689$8,805,823$8,418,083$10,364,974
58$11,217,557$9,191,666$8,654,447$11,158,833
59$12,314,668$9,594,978$8,897,291$12,024,329
60$13,522,202$10,016,569$9,146,787$12,968,418
61$14,851,374$10,457,289$9,403,112$13,998,754
62$16,314,543$10,918,026$9,666,446$15,123,753
63$17,925,329$11,399,711$9,936,974$16,352,678
64$19,698,735$11,903,320$10,214,886$17,695,719
65$21,651,298$12,429,874$10,500,376$19,164,090
66$23,801,235$12,980,442$10,793,643$20,770,129
67$26,168,623$13,556,146$11,094,893$22,527,419
68$28,775,584$14,158,159$11,404,333$24,450,905
69$31,646,495$14,787,710$11,722,180$26,557,040
70$34,808,217$15,446,087$12,048,652$28,863,934
71$38,290,348$16,134,638$12,383,974$31,391,524
72$42,125,505$16,854,777$12,728,379$34,161,756
73$46,349,628$17,607,983$13,082,102$37,198,793
74$51,002,323$18,395,807$13,445,384$40,529,239
75$56,127,231$19,219,872$13,818,476$44,182,385
76$61,772,443$20,081,881$14,201,630$48,190,485
77$67,990,955$20,983,616$14,595,107$52,589,055
78$74,841,164$21,926,944$14,999,174$57,417,205
79$82,387,420$22,913,822$15,414,104$62,718,004
80$90,700,637$23,946,299$15,840,176$68,538,883
81$99,858,957$25,026,523$16,277,678$74,932,079
82$109,948,492$26,156,744$16,726,901$81,955,123
83$121,064,133$27,339,320$17,188,147$89,671,380
84$133,310,448$28,576,719$17,661,723$98,150,640
85$146,802,666$29,871,531$18,147,944$107,469,773
86$161,667,770$31,226,468$18,647,132$117,713,449
87$178,045,687$32,644,370$19,159,616$128,974,934
88$196,090,618$34,128,215$19,685,734$141,356,962
89$215,972,487$35,681,123$20,225,832$154,972,701
90$237,878,546$37,306,364$20,780,262$169,946,814
91$262,015,144$39,007,362$21,349,387$186,416,628
92$288,609,674$40,787,708$21,933,578$204,533,428
93$317,912,720$42,651,165$22,533,211$224,463,873
94$350,200,419$44,601,673$23,148,675$246,391,565
95$385,777,072$46,643,366$23,780,367$270,518,776
96$424,978,015$48,780,572$24,428,690$297,068,344
97$468,172,782$51,017,829$25,094,061$326,285,775
98$515,768,596$53,359,893$25,776,902$358,441,545
99$568,214,211$55,811,747$26,477,647$393,833,651
100$626,004,152$58,378,614$27,196,739$432,790,409