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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.3%
1 years$644,117$638,379$632,782$627,318$621,983$601,111
2 years$318,870$312,931$307,176$301,595$296,182$275,360
3 years$210,468$204,504$198,763$193,235$187,910$167,791
4 years$156,278$150,332$144,648$139,215$134,019$114,758
5 years$123,772$117,862$112,253$106,930$101,879$83,526
6 years$102,109$96,243$90,717$85,513$80,614$63,184
7 years$86,641$80,825$75,386$70,305$65,560$49,052
8 years$75,046$69,282$63,934$58,977$54,389$38,788
9 years$66,032$60,322$55,066$50,235$45,803$31,092
10 years$58,825$53,171$48,008$43,303$39,027$25,181
11 years$52,932$47,335$42,265$37,687$33,564$20,558
12 years$48,025$42,486$37,509$33,057$29,086$16,890
13 years$43,876$38,395$33,512$29,184$25,364$13,946
14 years$40,323$34,900$30,111$25,906$22,234$11,562
15 years$37,246$31,881$27,186$23,104$19,576$9,617
16 years$34,557$29,251$24,648$20,687$17,301$8,021
17 years$32,186$26,939$22,429$18,587$15,341$6,704
18 years$30,082$24,893$20,475$16,751$13,640$5,614
19 years$28,201$23,070$18,744$15,136$12,158$4,709
20 years$26,510$21,438$17,202$13,708$10,860$3,954
21 years$24,982$19,969$15,822$12,441$9,718$3,324
22 years$23,595$18,640$14,583$11,312$8,711$2,797
23 years$22,330$17,434$13,465$10,302$7,819$2,355
24 years$21,173$16,334$12,453$9,396$7,028$1,984
25 years$20,110$15,329$11,534$8,581$6,324$1,672
26 years$19,130$14,407$10,697$7,846$5,697$1,410
27 years$18,224$13,558$9,933$7,182$5,136$1,190
28 years$17,384$12,776$9,234$6,580$4,634$1,004
29 years$16,604$12,053$8,593$6,034$4,185$848
30 years$15,877$11,382$8,004$5,538$3,781$716
31 years$15,199$10,760$7,462$5,086$3,419$604
32 years$14,564$10,181$6,962$4,674$3,092$510
33 years$13,969$9,642$6,501$4,298$2,799$431
34 years$13,410$9,138$6,074$3,955$2,534$364
35 years$12,884$8,667$5,678$3,640$2,295$308
36 years$12,388$8,227$5,312$3,353$2,079$260
37 years$11,921$7,813$4,972$3,089$1,885$220
38 years$11,479$7,426$4,656$2,847$1,709$186
39 years$11,060$7,061$4,362$2,625$1,549$157
40 years$10,664$6,718$4,089$2,422$1,405$133
41 years$10,288$6,395$3,834$2,234$1,275$112
42 years$9,931$6,090$3,596$2,062$1,157$95
43 years$9,591$5,803$3,375$1,903$1,050$80
44 years$9,268$5,531$3,168$1,757$953$68
45 years$8,959$5,275$2,974$1,623$865$57
46 years$8,666$5,032$2,794$1,499$786$48
47 years$8,385$4,802$2,625$1,385$713$41
48 years$8,117$4,584$2,466$1,280$648$35
49 years$7,861$4,377$2,318$1,183$588$29
50 years$7,616$4,182$2,179$1,093$534$25

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 $4,427 every year, while hoping to spend $48,886 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: 28/49/23 Blend
54$7,800,000$7,800,000$7,800,000$7,800,000
55$8,600,166$8,186,766$8,065,866$8,778,769
56$9,425,369$8,535,904$8,284,059$9,268,129
57$10,333,104$8,900,510$8,507,922$9,788,943
58$11,331,738$9,281,292$8,737,594$10,347,504
59$12,430,489$9,678,990$8,973,218$10,947,069
60$13,639,514$10,094,376$9,214,936$11,591,204
61$14,970,006$10,528,261$9,462,897$12,283,815
62$16,434,294$10,981,493$9,717,252$13,029,179
63$18,045,966$11,454,960$9,978,154$13,831,980
64$19,819,992$11,949,592$10,245,760$14,697,353
65$21,772,870$12,466,360$10,520,231$15,630,927
66$23,922,775$13,006,284$10,801,732$16,638,872
67$26,289,736$13,570,430$11,090,428$17,727,958
68$28,895,823$14,159,915$11,386,491$18,905,607
69$31,765,353$14,775,907$11,690,094$20,179,967
70$34,925,124$15,419,631$12,001,417$21,559,977
71$38,404,661$16,092,368$12,320,639$23,055,450
72$42,236,503$16,795,460$12,647,947$24,677,159
73$46,456,501$17,530,312$12,983,528$26,436,935
74$51,104,163$18,298,396$13,327,575$28,347,769
75$56,223,023$19,101,253$13,680,284$30,423,935
76$61,861,053$19,940,496$14,041,856$32,681,110
77$68,071,116$20,817,816$14,412,493$35,136,524
78$74,911,463$21,734,982$14,792,404$37,809,110
79$82,446,283$22,693,847$15,181,801$40,719,677
80$90,746,311$23,696,353$15,580,899$43,891,101
81$99,889,493$24,744,533$15,989,918$47,348,530
82$109,961,722$25,840,516$16,409,081$51,119,615
83$121,057,649$26,986,532$16,838,616$55,234,762
84$133,281,575$28,184,918$17,278,755$59,727,410
85$146,748,437$29,438,120$17,729,735$64,634,339
86$161,584,891$30,748,701$18,191,794$69,996,004
87$177,930,509$32,119,347$18,665,179$75,856,910
88$195,939,095$33,552,869$19,150,136$82,266,019
89$215,780,137$35,052,213$19,646,919$89,277,202
90$237,640,405$36,620,466$20,155,785$96,949,739
91$261,725,717$38,260,859$20,676,995$105,348,860
92$288,262,880$39,976,781$21,210,814$114,546,351
93$317,501,829$41,771,779$21,757,512$124,621,223
94$349,717,990$43,649,570$22,317,363$135,660,435
95$385,214,874$45,614,049$22,890,644$147,759,708
96$424,326,949$47,669,295$23,477,638$161,024,409
97$467,422,790$49,819,583$24,078,631$175,570,532
98$514,908,564$52,069,391$24,693,914$191,525,775
99$567,231,858$54,423,413$25,323,782$209,030,727
100$624,885,912$56,886,564$25,968,533$228,240,182