Can I retire at age 55 with 7,800,000?

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 $7,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$644,117$638,379$632,782$627,318$621,983$599,438
2 years$318,870$312,931$307,176$301,595$296,182$273,716
3 years$210,468$204,504$198,763$193,235$187,910$166,229
4 years$156,278$150,332$144,648$139,215$134,019$113,288
5 years$123,772$117,862$112,253$106,930$101,879$82,153
6 years$102,109$96,243$90,717$85,513$80,614$61,907
7 years$86,641$80,825$75,386$70,305$65,560$47,868
8 years$75,046$69,282$63,934$58,977$54,389$37,696
9 years$66,032$60,322$55,066$50,235$45,803$30,087
10 years$58,825$53,171$48,008$43,303$39,027$24,260
11 years$52,932$47,335$42,265$37,687$33,564$19,716
12 years$48,025$42,486$37,509$33,057$29,086$16,122
13 years$43,876$38,395$33,512$29,184$25,364$13,249
14 years$40,323$34,900$30,111$25,906$22,234$10,930
15 years$37,246$31,881$27,186$23,104$19,576$9,047
16 years$34,557$29,251$24,648$20,687$17,301$7,507
17 years$32,186$26,939$22,429$18,587$15,341$6,243
18 years$30,082$24,893$20,475$16,751$13,640$5,200
19 years$28,201$23,070$18,744$15,136$12,158$4,339
20 years$26,510$21,438$17,202$13,708$10,860$3,624
21 years$24,982$19,969$15,822$12,441$9,718$3,030
22 years$23,595$18,640$14,583$11,312$8,711$2,535
23 years$22,330$17,434$13,465$10,302$7,819$2,123
24 years$21,173$16,334$12,453$9,396$7,028$1,779
25 years$20,110$15,329$11,534$8,581$6,324$1,491
26 years$19,130$14,407$10,697$7,846$5,697$1,250
27 years$18,224$13,558$9,933$7,182$5,136$1,049
28 years$17,384$12,776$9,234$6,580$4,634$880
29 years$16,604$12,053$8,593$6,034$4,185$739
30 years$15,877$11,382$8,004$5,538$3,781$620
31 years$15,199$10,760$7,462$5,086$3,419$521
32 years$14,564$10,181$6,962$4,674$3,092$437
33 years$13,969$9,642$6,501$4,298$2,799$367
34 years$13,410$9,138$6,074$3,955$2,534$308
35 years$12,884$8,667$5,678$3,640$2,295$259
36 years$12,388$8,227$5,312$3,353$2,079$218
37 years$11,921$7,813$4,972$3,089$1,885$183
38 years$11,479$7,426$4,656$2,847$1,709$154
39 years$11,060$7,061$4,362$2,625$1,549$129
40 years$10,664$6,718$4,089$2,422$1,405$108
41 years$10,288$6,395$3,834$2,234$1,275$91
42 years$9,931$6,090$3,596$2,062$1,157$77
43 years$9,591$5,803$3,375$1,903$1,050$64
44 years$9,268$5,531$3,168$1,757$953$54
45 years$8,959$5,275$2,974$1,623$865$45
46 years$8,666$5,032$2,794$1,499$786$38
47 years$8,385$4,802$2,625$1,385$713$32
48 years$8,117$4,584$2,466$1,280$648$27
49 years$7,861$4,377$2,318$1,183$588$23
50 years$7,616$4,182$2,179$1,093$534$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $7,800,000, adding $6,718 every year, while hoping to spend $27,606 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: 53/35/12 Blend
54$7,800,000$7,800,000$7,800,000$7,800,000
55$8,602,530$8,189,130$8,068,230$9,031,133
56$9,450,615$8,561,024$8,309,143$9,695,616
57$10,384,280$8,950,217$8,557,201$10,414,658
58$11,412,224$9,357,525$8,812,615$11,196,331
59$12,544,035$9,783,807$9,075,601$12,046,575
60$13,790,274$10,229,962$9,346,382$12,971,918
61$15,162,583$10,696,930$9,625,186$13,979,532
62$16,673,786$11,185,700$9,912,250$15,077,300
63$18,338,018$11,697,305$10,207,816$16,273,887
64$20,170,851$12,232,829$10,512,134$17,578,817
65$22,189,449$12,793,408$10,825,460$19,002,564
66$24,412,719$13,380,232$11,148,060$20,556,641
67$26,861,502$13,994,548$11,480,206$22,253,711
68$29,558,759$14,637,665$11,822,177$24,107,700
69$32,529,794$15,310,953$12,174,261$26,133,927
70$35,802,490$16,015,846$12,536,756$28,349,240
71$39,407,573$16,753,851$12,909,966$30,772,176
72$43,378,901$17,526,545$13,294,205$33,423,129
73$47,753,784$18,335,581$13,689,796$36,324,536
74$52,573,338$19,182,693$14,097,072$39,501,090
75$57,882,870$20,069,696$14,516,375$42,979,962
76$63,732,306$20,998,494$14,948,057$46,791,054
77$70,176,663$21,971,083$15,392,480$50,967,279
78$77,276,571$22,989,554$15,850,016$55,544,860
79$85,098,839$24,056,100$16,321,049$60,563,671
80$93,717,090$25,173,018$16,805,974$66,067,606
81$103,212,455$26,342,718$17,305,195$72,104,984
82$113,674,338$27,567,724$17,819,132$78,729,002
83$125,201,261$28,850,683$18,348,214$85,998,227
84$137,901,792$30,194,369$18,892,882$93,977,145
85$151,895,573$31,601,691$19,453,591$102,736,755
86$167,314,445$33,075,698$20,030,810$112,355,241
87$184,303,696$34,619,584$20,625,020$122,918,691
88$203,023,431$36,236,702$21,236,715$134,521,909
89$223,650,082$37,930,561$21,866,407$147,269,294
90$246,378,077$39,704,846$22,514,618$161,275,820
91$271,421,672$41,563,414$23,181,889$176,668,110
92$299,016,974$43,510,313$23,868,773$193,585,619
93$329,424,171$45,549,783$24,575,843$212,181,942
94$362,929,987$47,686,274$25,303,684$232,626,247
95$399,850,390$49,924,445$26,052,902$255,104,866
96$440,533,572$52,269,185$26,824,117$279,823,037
97$485,363,240$54,725,619$27,617,968$307,006,826
98$534,762,235$57,299,118$28,435,114$336,905,254
99$589,196,523$59,995,315$29,276,230$369,792,624
100$649,179,597$62,820,115$30,142,013$405,971,102