Can I retire at age 55 with 7,900,000?

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 $7,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$652,375$646,564$640,894$635,360$629,957$625,725
2 years$322,958$316,943$311,114$305,462$299,980$295,711
3 years$213,166$207,126$201,311$195,712$190,319$186,147
4 years$158,282$152,259$146,503$141,000$135,737$131,693
5 years$125,359$119,373$113,692$108,301$103,185$99,281
6 years$103,418$97,477$91,880$86,609$81,647$77,888
7 years$87,752$81,861$76,353$71,206$66,401$62,789
8 years$76,008$70,170$64,753$59,733$55,086$51,621
9 years$66,878$61,096$55,772$50,879$46,390$43,071
10 years$59,579$53,853$48,623$43,859$39,527$36,352
11 years$53,611$47,942$42,807$38,170$33,994$30,962
12 years$48,641$43,030$37,990$33,480$29,459$26,566
13 years$44,439$38,887$33,942$29,558$25,689$22,932
14 years$40,840$35,347$30,497$26,238$22,519$19,895
15 years$37,724$32,290$27,535$23,400$19,827$17,333
16 years$35,000$29,626$24,964$20,952$17,523$15,155
17 years$32,599$27,284$22,716$18,825$15,537$13,292
18 years$30,467$25,212$20,737$16,965$13,815$11,688
19 years$28,562$23,366$18,984$15,330$12,314$10,300
20 years$26,850$21,713$17,422$13,884$10,999$9,096
21 years$25,302$20,225$16,025$12,601$9,843$8,045
22 years$23,897$18,879$14,770$11,457$8,823$7,127
23 years$22,617$17,657$13,637$10,434$7,920$6,322
24 years$21,444$16,544$12,612$9,516$7,118$5,614
25 years$20,367$15,525$11,681$8,691$6,405$4,990
26 years$19,375$14,591$10,834$7,947$5,770$4,440
27 years$18,458$13,732$10,060$7,274$5,202$3,953
28 years$17,607$12,940$9,352$6,664$4,694$3,522
29 years$16,817$12,207$8,703$6,111$4,238$3,140
30 years$16,081$11,528$8,107$5,609$3,830$2,801
31 years$15,394$10,898$7,558$5,151$3,462$2,500
32 years$14,751$10,312$7,051$4,734$3,132$2,232
33 years$14,148$9,765$6,584$4,353$2,834$1,994
34 years$13,582$9,255$6,152$4,005$2,566$1,782
35 years$13,049$8,779$5,751$3,687$2,324$1,592
36 years$12,547$8,332$5,380$3,396$2,106$1,424
37 years$12,073$7,914$5,036$3,129$1,909$1,273
38 years$11,626$7,521$4,716$2,884$1,730$1,139
39 years$11,202$7,152$4,418$2,659$1,569$1,019
40 years$10,801$6,804$4,141$2,453$1,423$911
41 years$10,420$6,477$3,883$2,263$1,291$816
42 years$10,058$6,168$3,642$2,088$1,172$730
43 years$9,714$5,877$3,418$1,928$1,063$653
44 years$9,386$5,602$3,208$1,780$965$585
45 years$9,074$5,342$3,013$1,644$876$524
46 years$8,777$5,096$2,829$1,518$796$469
47 years$8,493$4,863$2,658$1,403$722$420
48 years$8,221$4,643$2,498$1,296$656$376
49 years$7,962$4,434$2,348$1,198$596$337
50 years$7,713$4,235$2,207$1,107$541$302

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $7,900,000, adding $6,118 every year, while hoping to spend $52,945 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: 72/18/10 Blend
54$7,900,000$7,900,000$7,900,000$7,900,000
55$8,712,111$8,293,411$8,170,961$9,322,427
56$9,544,413$8,643,455$8,388,355$10,076,735
57$10,459,835$9,008,876$8,611,257$10,895,256
58$11,466,801$9,390,373$8,839,796$11,790,033
59$12,574,588$9,788,676$9,074,104$12,768,581
60$13,793,423$10,204,547$9,314,312$13,839,170
61$15,134,570$10,638,788$9,560,560$15,010,904
62$16,610,441$11,092,234$9,812,984$16,293,805
63$18,234,714$11,565,761$10,071,727$17,698,904
64$20,022,459$12,060,287$10,336,933$19,238,346
65$21,990,278$12,576,770$10,608,749$20,925,502
66$24,156,470$13,116,215$10,887,326$22,775,095
67$26,541,194$13,679,673$11,172,815$24,803,334
68$29,166,663$14,268,245$11,465,372$27,028,070
69$32,057,356$14,883,082$11,765,155$29,468,958
70$35,240,243$15,525,390$12,072,325$32,147,642
71$38,745,046$16,196,433$12,387,046$35,087,960
72$42,604,513$16,897,530$12,709,484$38,316,163
73$46,854,732$17,630,067$13,039,810$41,861,163
74$51,535,466$18,395,492$13,378,195$45,754,801
75$56,690,533$19,195,321$13,724,814$50,032,150
76$62,368,219$20,031,143$14,079,847$54,731,840
77$68,621,729$20,904,621$14,443,474$59,896,418
78$75,509,694$21,817,496$14,815,878$65,572,754
79$83,096,720$22,771,591$15,197,248$71,812,471
80$91,454,002$23,768,815$15,587,772$78,672,439
81$100,659,991$24,811,168$15,987,643$86,215,303
82$110,801,138$25,900,743$16,397,057$94,510,071
83$121,972,708$27,039,733$16,816,212$103,632,765
84$134,279,678$28,230,434$17,245,309$113,667,134
85$147,837,730$29,475,250$17,684,552$124,705,439
86$162,774,342$30,776,700$18,134,148$136,849,323
87$179,229,988$32,137,422$18,594,305$150,210,765
88$197,359,470$33,560,179$19,065,237$164,913,134
89$217,333,371$35,047,863$19,547,158$181,092,347
90$239,339,672$36,603,505$20,040,285$198,898,150
91$263,585,522$38,230,281$20,544,838$218,495,527
92$290,299,195$39,931,514$21,061,040$240,066,250
93$319,732,243$41,710,688$21,589,115$263,810,591
94$352,161,872$43,571,452$22,129,290$289,949,211
95$387,893,556$45,517,626$22,681,794$318,725,230
96$427,263,924$47,553,215$23,246,860$350,406,523
97$470,643,934$49,682,412$23,824,719$385,288,241
98$518,442,376$51,909,612$24,415,608$423,695,587
99$571,109,732$54,239,416$25,019,764$465,986,885
100$629,142,424$56,676,646$25,637,426$512,556,954