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%14.8%
1 years$644,117$638,379$632,782$627,318$621,983$609,674
2 years$318,870$312,931$307,176$301,595$296,182$283,833
3 years$210,468$204,504$198,763$193,235$187,910$175,906
4 years$156,278$150,332$144,648$139,215$134,019$122,453
5 years$123,772$117,862$112,253$106,930$101,879$90,783
6 years$102,109$96,243$90,717$85,513$80,614$70,000
7 years$86,641$80,825$75,386$70,305$65,560$55,432
8 years$75,046$69,282$63,934$58,977$54,389$44,742
9 years$66,032$60,322$55,066$50,235$45,803$36,632
10 years$58,825$53,171$48,008$43,303$39,027$30,322
11 years$52,932$47,335$42,265$37,687$33,564$25,316
12 years$48,025$42,486$37,509$33,057$29,086$21,283
13 years$43,876$38,395$33,512$29,184$25,364$17,992
14 years$40,323$34,900$30,111$25,906$22,234$15,280
15 years$37,246$31,881$27,186$23,104$19,576$13,025
16 years$34,557$29,251$24,648$20,687$17,301$11,139
17 years$32,186$26,939$22,429$18,587$15,341$9,551
18 years$30,082$24,893$20,475$16,751$13,640$8,208
19 years$28,201$23,070$18,744$15,136$12,158$7,067
20 years$26,510$21,438$17,202$13,708$10,860$6,094
21 years$24,982$19,969$15,822$12,441$9,718$5,263
22 years$23,595$18,640$14,583$11,312$8,711$4,550
23 years$22,330$17,434$13,465$10,302$7,819$3,938
24 years$21,173$16,334$12,453$9,396$7,028$3,411
25 years$20,110$15,329$11,534$8,581$6,324$2,957
26 years$19,130$14,407$10,697$7,846$5,697$2,565
27 years$18,224$13,558$9,933$7,182$5,136$2,226
28 years$17,384$12,776$9,234$6,580$4,634$1,933
29 years$16,604$12,053$8,593$6,034$4,185$1,679
30 years$15,877$11,382$8,004$5,538$3,781$1,459
31 years$15,199$10,760$7,462$5,086$3,419$1,268
32 years$14,564$10,181$6,962$4,674$3,092$1,103
33 years$13,969$9,642$6,501$4,298$2,799$959
34 years$13,410$9,138$6,074$3,955$2,534$834
35 years$12,884$8,667$5,678$3,640$2,295$726
36 years$12,388$8,227$5,312$3,353$2,079$632
37 years$11,921$7,813$4,972$3,089$1,885$550
38 years$11,479$7,426$4,656$2,847$1,709$478
39 years$11,060$7,061$4,362$2,625$1,549$417
40 years$10,664$6,718$4,089$2,422$1,405$363
41 years$10,288$6,395$3,834$2,234$1,275$316
42 years$9,931$6,090$3,596$2,062$1,157$275
43 years$9,591$5,803$3,375$1,903$1,050$239
44 years$9,268$5,531$3,168$1,757$953$208
45 years$8,959$5,275$2,974$1,623$865$181
46 years$8,666$5,032$2,794$1,499$786$158
47 years$8,385$4,802$2,625$1,385$713$138
48 years$8,117$4,584$2,466$1,280$648$120
49 years$7,861$4,377$2,318$1,183$588$104
50 years$7,616$4,182$2,179$1,093$534$91

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 $6,508 every year, while hoping to spend $59,106 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: 53/41/6 Blend
54$7,800,000$7,800,000$7,800,000$7,800,000
55$8,602,313$8,188,913$8,068,013$9,046,023
56$9,416,861$8,527,281$8,275,403$9,685,457
57$10,312,511$8,880,249$8,487,760$10,373,698
58$11,297,475$9,248,468$8,705,187$11,120,981
59$12,380,796$9,632,623$8,927,790$11,932,892
60$13,572,443$10,033,427$9,155,677$12,815,563
61$14,883,395$10,451,628$9,388,955$13,775,738
62$16,325,751$10,888,007$9,627,734$14,820,826
63$17,912,841$11,343,383$9,872,127$15,958,971
64$19,659,353$11,818,610$10,122,245$17,199,126
65$21,581,470$12,314,585$10,378,203$18,551,137
66$23,697,024$12,832,245$10,640,118$20,025,829
67$26,025,664$13,372,568$10,908,105$21,635,105
68$28,589,038$13,936,580$11,182,283$23,392,060
69$31,411,003$14,525,355$11,462,772$25,311,095
70$34,517,843$15,140,016$11,749,693$27,408,053
71$37,938,523$15,781,736$12,043,167$29,700,364
72$41,704,957$16,451,747$12,343,319$32,207,205
73$45,852,315$17,151,334$12,650,272$34,949,678
74$50,419,346$17,881,844$12,964,151$37,951,003
75$55,448,753$18,644,688$13,285,083$41,236,734
76$60,987,588$19,441,340$13,613,196$44,834,997
77$67,087,701$20,273,344$13,948,617$48,776,745
78$73,806,225$21,142,317$14,291,474$53,096,053
79$81,206,120$22,049,951$14,641,899$57,830,428
80$89,356,761$22,998,016$15,000,020$63,021,160
81$98,334,598$23,988,366$15,365,967$68,713,705
82$108,223,873$25,022,941$15,739,873$74,958,109
83$119,117,417$26,103,774$16,121,868$81,809,473
84$131,117,525$27,232,991$16,512,082$89,328,467
85$144,336,924$28,412,819$16,910,648$97,581,896
86$158,899,832$29,645,589$17,317,697$106,643,322
87$174,943,134$30,933,742$17,733,358$116,593,752
88$192,617,671$32,279,833$18,157,764$127,522,395
89$212,089,667$33,686,538$18,591,042$139,527,493
90$233,542,294$35,156,659$19,033,322$152,717,244
91$257,177,402$36,693,129$19,484,733$167,210,811
92$283,217,426$38,299,021$19,945,400$183,139,438
93$311,907,481$39,977,552$20,415,450$200,647,680
94$343,517,682$41,732,089$20,895,005$219,894,755
95$378,345,686$43,566,162$21,384,188$241,056,040
96$416,719,506$45,483,464$21,883,118$264,324,710
97$459,000,606$47,487,864$22,391,913$289,913,554
98$505,587,314$49,583,415$22,910,688$318,056,969
99$556,918,578$51,774,361$23,439,554$349,013,161
100$613,478,113$54,065,145$23,978,620$383,066,567