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%12.3%
1 years$652,375$646,564$640,894$635,360$629,957$623,898
2 years$322,958$316,943$311,114$305,462$299,980$293,875
3 years$213,166$207,126$201,311$195,712$190,319$184,360
4 years$158,282$152,259$146,503$141,000$135,737$129,968
5 years$125,359$119,373$113,692$108,301$103,185$97,624
6 years$103,418$97,477$91,880$86,609$81,647$76,300
7 years$87,752$81,861$76,353$71,206$66,401$61,271
8 years$76,008$70,170$64,753$59,733$55,086$50,172
9 years$66,878$61,096$55,772$50,879$46,390$41,691
10 years$59,579$53,853$48,623$43,859$39,527$35,040
11 years$53,611$47,942$42,807$38,170$33,994$29,716
12 years$48,641$43,030$37,990$33,480$29,459$25,385
13 years$44,439$38,887$33,942$29,558$25,689$21,814
14 years$40,840$35,347$30,497$26,238$22,519$18,838
15 years$37,724$32,290$27,535$23,400$19,827$16,336
16 years$35,000$29,626$24,964$20,952$17,523$14,215
17 years$32,599$27,284$22,716$18,825$15,537$12,406
18 years$30,467$25,212$20,737$16,965$13,815$10,855
19 years$28,562$23,366$18,984$15,330$12,314$9,519
20 years$26,850$21,713$17,422$13,884$10,999$8,363
21 years$25,302$20,225$16,025$12,601$9,843$7,359
22 years$23,897$18,879$14,770$11,457$8,823$6,485
23 years$22,617$17,657$13,637$10,434$7,920$5,722
24 years$21,444$16,544$12,612$9,516$7,118$5,054
25 years$20,367$15,525$11,681$8,691$6,405$4,468
26 years$19,375$14,591$10,834$7,947$5,770$3,953
27 years$18,458$13,732$10,060$7,274$5,202$3,501
28 years$17,607$12,940$9,352$6,664$4,694$3,102
29 years$16,817$12,207$8,703$6,111$4,238$2,750
30 years$16,081$11,528$8,107$5,609$3,830$2,439
31 years$15,394$10,898$7,558$5,151$3,462$2,164
32 years$14,751$10,312$7,051$4,734$3,132$1,921
33 years$14,148$9,765$6,584$4,353$2,834$1,706
34 years$13,582$9,255$6,152$4,005$2,566$1,516
35 years$13,049$8,779$5,751$3,687$2,324$1,347
36 years$12,547$8,332$5,380$3,396$2,106$1,197
37 years$12,073$7,914$5,036$3,129$1,909$1,064
38 years$11,626$7,521$4,716$2,884$1,730$946
39 years$11,202$7,152$4,418$2,659$1,569$841
40 years$10,801$6,804$4,141$2,453$1,423$748
41 years$10,420$6,477$3,883$2,263$1,291$666
42 years$10,058$6,168$3,642$2,088$1,172$592
43 years$9,714$5,877$3,418$1,928$1,063$527
44 years$9,386$5,602$3,208$1,780$965$469
45 years$9,074$5,342$3,013$1,644$876$417
46 years$8,777$5,096$2,829$1,518$796$371
47 years$8,493$4,863$2,658$1,403$722$330
48 years$8,221$4,643$2,498$1,296$656$294
49 years$7,962$4,434$2,348$1,198$596$262
50 years$7,713$4,235$2,207$1,107$541$233

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 $4,827 every year, while hoping to spend $58,716 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: 33/37/30 Blend
54$7,900,000$7,900,000$7,900,000$7,900,000
55$8,710,779$8,292,079$8,169,629$8,918,852
56$9,536,805$8,635,918$8,380,838$9,422,355
57$10,445,118$8,994,636$8,597,155$9,959,093
58$11,444,049$9,368,902$8,818,689$10,536,440
59$12,542,777$9,759,413$9,045,550$11,158,040
60$13,751,415$10,166,900$9,277,851$11,827,890
61$15,081,107$10,592,125$9,515,706$12,550,373
62$16,544,129$11,035,889$9,759,232$13,330,301
63$18,154,009$11,499,026$10,008,545$14,172,953
64$19,925,652$11,982,412$10,263,765$15,084,128
65$21,875,480$12,486,962$10,525,013$16,070,189
66$24,021,590$13,013,634$10,792,411$17,138,128
67$26,383,919$13,563,429$11,066,084$18,295,623
68$28,984,437$14,137,396$11,346,156$19,551,109
69$31,847,353$14,736,631$11,632,756$20,913,855
70$34,999,342$15,362,285$11,926,012$22,394,048
71$38,469,795$16,015,557$12,226,054$24,002,884
72$42,291,101$16,697,707$12,533,013$25,752,669
73$46,498,948$17,410,049$12,847,024$27,656,935
74$51,132,661$18,153,962$13,168,220$29,730,559
75$56,235,574$18,930,887$13,496,736$31,989,902
76$61,855,437$19,742,335$13,832,711$34,452,956
77$68,044,866$20,589,884$14,176,281$37,139,513
78$74,861,842$21,475,188$14,527,587$40,071,344
79$82,370,257$22,399,979$14,886,768$43,272,398
80$90,640,514$23,366,069$15,253,965$46,769,026
81$99,750,194$24,375,354$15,629,321$50,590,222
82$109,784,789$25,429,822$16,012,979$54,767,890
83$120,838,505$26,531,550$16,405,081$59,337,142
84$133,015,154$27,682,717$16,805,772$64,336,620
85$146,429,131$28,885,602$17,215,197$69,808,855
86$161,206,496$30,142,590$17,633,500$75,800,660
87$177,486,163$31,456,181$18,060,826$82,363,569
88$195,421,208$32,828,991$18,497,321$89,554,310
89$215,180,320$34,263,760$18,943,129$97,435,336
90$236,949,384$35,763,356$19,398,396$106,075,407
91$260,933,244$37,330,783$19,863,265$115,550,225
92$287,357,631$38,969,187$20,337,880$125,943,146
93$316,471,295$40,681,863$20,822,385$137,345,954
94$348,548,353$42,472,261$21,316,921$149,859,719
95$383,890,876$44,343,993$21,821,629$163,595,736
96$422,831,741$46,300,843$22,336,649$178,676,573
97$465,737,769$48,346,775$22,862,117$195,237,209
98$513,013,193$50,485,939$23,398,170$213,426,301
99$565,103,472$52,722,683$23,944,941$233,407,573
100$622,499,491$55,061,559$24,502,562$255,361,349