Can I retire at age 55 with 10,500,000?

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 $10,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$867,080$859,357$851,821$844,466$837,285$821,051
2 years$429,248$421,253$413,506$405,993$398,707$382,418
3 years$283,323$275,294$267,565$260,124$252,956$237,119
4 years$210,374$202,370$194,719$187,405$180,410$165,148
5 years$166,617$158,661$151,110$143,945$137,145$122,500
6 years$137,455$129,558$122,119$115,114$108,518$94,507
7 years$116,633$108,803$101,482$94,641$88,254$74,881
8 years$101,023$93,264$86,065$79,392$73,216$60,475
9 years$88,889$81,203$74,127$67,625$61,658$49,543
10 years$79,187$71,577$64,626$58,293$52,536$41,035
11 years$71,255$63,720$56,896$50,732$45,183$34,282
12 years$64,649$57,192$50,493$44,499$39,154$28,839
13 years$59,064$51,685$45,113$39,286$34,143$24,396
14 years$54,281$46,980$40,534$34,874$29,930$20,732
15 years$50,139$42,917$36,597$31,101$26,353$17,686
16 years$46,519$39,376$33,180$27,848$23,290$15,135
17 years$43,328$36,264$30,193$25,021$20,651$12,986
18 years$40,494$33,509$27,562$22,549$18,362$11,168
19 years$37,962$31,056$25,232$20,375$16,366$9,623
20 years$35,686$28,859$23,156$18,453$14,619$8,305
21 years$33,630$26,881$21,299$16,748$13,082$7,177
22 years$31,762$25,092$19,631$15,227$11,726$6,210
23 years$30,060$23,468$18,125$13,868$10,526$5,379
24 years$28,502$21,988$16,763$12,648$9,461$4,663
25 years$27,071$20,635$15,526$11,551$8,514$4,045
26 years$25,752$19,393$14,399$10,562$7,669$3,512
27 years$24,532$18,251$13,371$9,668$6,914$3,050
28 years$23,402$17,198$12,430$8,858$6,239$2,651
29 years$22,352$16,225$11,567$8,123$5,633$2,304
30 years$21,373$15,322$10,775$7,454$5,090$2,004
31 years$20,460$14,485$10,045$6,846$4,602$1,744
32 years$19,605$13,706$9,372$6,292$4,163$1,517
33 years$18,804$12,979$8,751$5,786$3,767$1,321
34 years$18,051$12,301$8,176$5,324$3,411$1,150
35 years$17,344$11,668$7,644$4,901$3,089$1,001
36 years$16,676$11,074$7,151$4,513$2,799$872
37 years$16,047$10,518$6,693$4,158$2,537$760
38 years$15,452$9,996$6,268$3,833$2,300$662
39 years$14,889$9,505$5,872$3,534$2,086$576
40 years$14,355$9,043$5,504$3,260$1,892$502
41 years$13,849$8,608$5,161$3,008$1,716$438
42 years$13,368$8,198$4,841$2,776$1,557$381
43 years$12,911$7,811$4,543$2,562$1,413$332
44 years$12,475$7,446$4,264$2,366$1,283$290
45 years$12,061$7,100$4,004$2,185$1,165$252
46 years$11,665$6,773$3,761$2,018$1,057$220
47 years$11,288$6,464$3,533$1,865$960$192
48 years$10,927$6,171$3,320$1,723$872$167
49 years$10,582$5,893$3,121$1,592$792$146
50 years$10,252$5,629$2,934$1,472$719$127

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $10,500,000, adding $4,621 every year, while hoping to spend $40,222 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: 60/19/21 Blend
54$10,500,000$10,500,000$10,500,000$10,500,000
55$11,575,767$11,019,267$10,856,517$12,206,021
56$12,713,699$11,516,415$11,177,414$13,130,843
57$13,966,352$12,036,575$11,507,713$14,134,562
58$15,345,386$12,580,833$11,847,687$15,228,749
59$16,863,646$13,150,325$12,197,616$16,422,186
60$18,535,290$13,746,242$12,557,788$17,724,533
61$20,375,915$14,369,834$12,928,499$19,146,418
62$22,402,709$15,022,407$13,310,055$20,699,532
63$24,634,613$15,705,332$13,702,770$22,396,740
64$27,092,496$16,420,046$14,106,965$24,252,196
65$29,799,356$17,168,053$14,522,973$26,281,479
66$32,780,533$17,950,931$14,951,136$28,501,733
67$36,063,952$18,770,331$15,391,803$30,931,828
68$39,680,383$19,627,986$15,845,337$33,592,531
69$43,663,735$20,525,709$16,312,108$36,506,706
70$48,051,371$21,465,404$16,792,499$39,699,519
71$52,884,465$22,449,063$17,286,902$43,198,678
72$58,208,388$23,478,774$17,795,720$47,034,685
73$64,073,136$24,556,727$18,319,370$51,241,126
74$70,533,805$25,685,216$18,858,278$55,854,979
75$77,651,107$26,866,645$19,412,884$60,916,960
76$85,491,943$28,103,534$19,983,638$66,471,908
77$94,130,037$29,398,524$20,571,007$72,569,194
78$103,646,632$30,754,382$21,175,466$79,263,192
79$114,131,252$32,174,010$21,797,508$86,613,781
80$125,682,553$33,660,450$22,437,637$94,686,906
81$138,409,248$35,216,887$23,096,373$103,555,200
82$152,431,139$36,846,662$23,774,249$113,298,654
83$167,880,244$38,553,277$24,471,815$124,005,378
84$184,902,042$40,340,401$25,189,635$135,772,417
85$203,656,852$42,211,882$25,928,289$148,706,665
86$224,321,339$44,171,752$26,688,375$162,925,867
87$247,090,185$46,224,238$27,470,505$178,559,724
88$272,177,928$48,373,769$28,275,310$195,751,107
89$299,820,983$50,624,991$29,103,440$214,657,401
90$330,279,879$52,982,770$29,955,561$235,451,983
91$363,841,712$55,452,212$30,832,358$258,325,847
92$400,822,861$58,038,665$31,734,536$283,489,403
93$441,571,970$60,747,736$32,662,820$311,174,448
94$486,473,241$63,585,306$33,617,955$341,636,351
95$535,950,061$66,557,535$34,600,706$375,156,451
96$590,468,998$69,670,885$35,611,860$412,044,700
97$650,544,206$72,932,128$36,652,227$452,642,583
98$716,742,276$76,348,364$37,722,639$497,326,327
99$789,687,591$79,927,037$38,823,950$546,510,442
100$870,068,213$83,675,949$39,957,039$600,651,621