Can I retire at age 55 with 10,400,000?

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 $10,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$858,822$851,172$843,709$836,424$829,311$824,084
2 years$425,160$417,241$409,567$402,127$394,910$389,638
3 years$280,624$272,672$265,017$257,647$250,547$245,393
4 years$208,371$200,443$192,865$185,620$178,692$173,695
5 years$165,030$157,149$149,671$142,574$135,839$131,014
6 years$136,145$128,324$120,956$114,017$107,485$102,838
7 years$115,522$107,767$100,515$93,740$87,414$82,948
8 years$100,061$92,376$85,245$78,636$72,518$68,233
9 years$88,043$80,430$73,421$66,981$61,071$56,966
10 years$78,433$70,895$64,010$57,738$52,035$48,108
11 years$70,576$63,114$56,354$50,249$44,752$40,999
12 years$64,033$56,647$50,013$44,075$38,781$35,200
13 years$58,502$51,193$44,683$38,912$33,818$30,405
14 years$53,764$46,533$40,148$34,542$29,645$26,395
15 years$49,662$42,508$36,248$30,805$26,102$23,012
16 years$46,076$39,001$32,864$27,583$23,069$20,134
17 years$42,915$35,918$29,905$24,783$20,454$17,670
18 years$40,109$33,190$27,299$22,334$18,187$15,549
19 years$37,601$30,760$24,991$20,181$16,210$13,713
20 years$35,346$28,584$22,936$18,278$14,479$12,118
21 years$33,309$26,625$21,097$16,588$12,957$10,727
22 years$31,460$24,853$19,444$15,082$11,615$9,509
23 years$29,774$23,245$17,953$13,736$10,426$8,441
24 years$28,230$21,779$16,603$12,528$9,371$7,502
25 years$26,813$20,438$15,378$11,441$8,432$6,673
26 years$25,506$19,209$14,262$10,461$7,596$5,942
27 years$24,299$18,078$13,244$9,575$6,848$5,295
28 years$23,179$17,034$12,312$8,773$6,179$4,722
29 years$22,139$16,070$11,457$8,045$5,580$4,213
30 years$21,170$15,176$10,672$7,383$5,042$3,761
31 years$20,265$14,347$9,949$6,781$4,558$3,360
32 years$19,418$13,575$9,283$6,232$4,123$3,002
33 years$18,625$12,856$8,667$5,731$3,731$2,684
34 years$17,880$12,184$8,098$5,273$3,378$2,400
35 years$17,178$11,557$7,571$4,854$3,060$2,147
36 years$16,518$10,969$7,083$4,470$2,772$1,921
37 years$15,894$10,418$6,629$4,119$2,513$1,719
38 years$15,305$9,901$6,208$3,796$2,278$1,539
39 years$14,747$9,415$5,816$3,501$2,066$1,378
40 years$14,218$8,957$5,452$3,229$1,874$1,234
41 years$13,717$8,527$5,112$2,979$1,700$1,105
42 years$13,241$8,120$4,795$2,749$1,543$990
43 years$12,788$7,737$4,500$2,538$1,400$887
44 years$12,357$7,375$4,224$2,343$1,271$795
45 years$11,946$7,033$3,966$2,164$1,154$712
46 years$11,554$6,709$3,725$1,999$1,047$638
47 years$11,180$6,402$3,499$1,847$951$572
48 years$10,823$6,112$3,288$1,707$864$513
49 years$10,481$5,837$3,091$1,577$784$460
50 years$10,154$5,575$2,906$1,458$713$412

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $10,400,000, adding $3,392 every year, while hoping to spend $57,281 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: 51/21/28 Blend
54$10,400,000$10,400,000$10,400,000$10,400,000
55$11,464,299$10,913,099$10,751,899$11,958,345
56$12,572,711$11,386,894$11,051,141$12,776,882
57$13,792,261$11,881,986$11,358,488$13,660,435
58$15,134,225$12,399,356$11,674,150$14,620,106
59$16,611,027$12,940,035$11,998,345$15,663,166
60$18,236,355$13,505,101$12,331,293$16,797,611
61$20,025,293$14,095,681$12,673,222$18,032,232
62$21,994,462$14,712,958$13,024,363$19,376,698
63$24,162,173$15,358,169$13,384,956$20,841,642
64$26,548,605$16,032,610$13,755,242$22,438,762
65$29,175,993$16,737,638$14,135,473$24,180,925
66$32,068,837$17,474,674$14,525,904$26,082,288
67$35,254,132$18,245,208$14,926,796$28,158,426
68$38,761,628$19,050,797$15,338,418$30,426,481
69$42,624,103$19,893,075$15,761,043$32,905,313
70$46,877,676$20,773,751$16,194,954$35,615,682
71$51,562,151$21,694,616$16,640,436$38,580,434
72$56,721,385$22,657,547$17,097,786$41,824,718
73$62,403,708$23,664,509$17,567,303$45,376,215
74$68,662,375$24,717,558$18,049,296$49,265,400
75$75,556,071$25,818,852$18,544,082$53,525,821
76$83,149,463$26,970,649$19,051,981$58,194,412
77$91,513,812$28,175,314$19,573,326$63,311,842
78$100,727,642$29,435,325$20,108,453$68,922,885
79$110,877,484$30,753,279$20,657,709$75,076,847
80$122,058,692$32,131,894$21,221,447$81,828,021
81$134,376,342$33,574,020$21,800,029$89,236,192
82$147,946,223$35,082,642$22,393,824$97,367,203
83$162,895,933$36,660,887$23,003,212$106,293,563
84$179,366,078$38,312,030$23,628,580$116,095,131
85$197,511,602$40,039,504$24,270,322$126,859,859
86$217,503,251$41,846,904$24,928,843$138,684,619
87$239,529,180$43,738,000$25,604,556$151,676,108
88$263,796,732$45,716,739$26,297,885$165,951,849
89$290,534,396$47,787,256$27,009,261$181,641,295
90$319,993,959$49,953,886$27,739,126$198,887,036
91$352,452,886$52,221,170$28,487,930$217,846,147
92$388,216,940$54,593,866$29,256,135$238,691,652
93$427,623,064$57,076,961$30,044,212$261,614,157
94$471,042,564$59,675,680$30,852,640$286,823,633
95$518,884,615$62,395,498$31,681,913$314,551,393
96$571,600,119$65,242,151$32,532,531$345,052,263
97$629,685,967$68,221,652$33,405,007$378,606,979
98$693,689,725$71,340,302$34,299,864$415,524,823
99$764,214,804$74,604,704$35,217,635$456,146,533
100$841,926,155$78,021,775$36,158,867$500,847,510