Can I retire at age 55 with 10,600,000?

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 $10,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$875,338$867,541$859,934$852,509$845,259$830,914
2 years$433,336$425,265$417,444$409,860$402,504$388,096
3 years$286,021$277,916$270,114$262,601$255,365$241,343
4 years$212,378$204,297$196,574$189,189$182,129$168,600
5 years$168,204$160,172$152,549$145,316$138,451$125,455
6 years$138,764$130,792$123,282$116,210$109,552$97,102
7 years$117,743$109,839$102,448$95,543$89,095$77,196
8 years$101,985$94,152$86,884$80,148$73,913$62,563
9 years$89,736$81,977$74,833$68,269$62,245$51,437
10 years$79,942$72,258$65,241$58,848$53,036$42,761
11 years$71,933$64,327$57,438$51,216$45,613$35,859
12 years$65,265$57,737$50,974$44,923$39,527$30,282
13 years$59,627$52,177$45,542$39,660$34,468$25,719
14 years$54,798$47,428$40,920$35,206$30,215$21,945
15 years$50,617$43,326$36,945$31,398$26,603$18,798
16 years$46,962$39,751$33,496$28,113$23,512$16,155
17 years$43,741$36,609$30,480$25,259$20,848$13,921
18 years$40,880$33,828$27,824$22,764$18,537$12,024
19 years$38,324$31,352$25,472$20,569$16,522$10,407
20 years$36,026$29,134$23,377$18,629$14,758$9,022
21 years$33,950$27,137$21,502$16,907$13,207$7,832
22 years$32,065$25,331$19,818$15,373$11,838$6,808
23 years$30,346$23,692$18,298$14,000$10,626$5,924
24 years$28,773$22,198$16,923$12,769$9,551$5,160
25 years$27,328$20,831$15,674$11,661$8,595$4,498
26 years$25,997$19,578$14,537$10,662$7,742$3,923
27 years$24,766$18,425$13,499$9,760$6,980$3,424
28 years$23,625$17,362$12,549$8,942$6,298$2,990
29 years$22,565$16,379$11,678$8,200$5,687$2,613
30 years$21,577$15,468$10,877$7,525$5,139$2,283
31 years$20,655$14,623$10,141$6,912$4,646$1,996
32 years$19,792$13,836$9,461$6,352$4,202$1,746
33 years$18,983$13,103$8,834$5,841$3,803$1,527
34 years$18,223$12,419$8,254$5,374$3,443$1,337
35 years$17,509$11,779$7,717$4,947$3,119$1,170
36 years$16,835$11,180$7,219$4,556$2,826$1,024
37 years$16,200$10,618$6,757$4,198$2,561$896
38 years$15,599$10,091$6,328$3,869$2,322$785
39 years$15,031$9,596$5,928$3,568$2,106$687
40 years$14,492$9,130$5,556$3,291$1,910$602
41 years$13,981$8,690$5,210$3,036$1,733$527
42 years$13,495$8,277$4,887$2,802$1,572$462
43 years$13,034$7,886$4,586$2,587$1,427$405
44 years$12,594$7,517$4,305$2,388$1,295$354
45 years$12,176$7,168$4,042$2,206$1,176$311
46 years$11,776$6,838$3,796$2,037$1,068$272
47 years$11,395$6,526$3,567$1,882$969$238
48 years$11,031$6,230$3,352$1,739$880$209
49 years$10,683$5,949$3,150$1,607$800$183
50 years$10,349$5,683$2,962$1,486$726$160

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $10,600,000, adding $3,249 every year, while hoping to spend $30,233 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: 57/18/25 Blend
54$10,600,000$10,600,000$10,600,000$10,600,000
55$11,684,551$11,122,751$10,958,451$12,270,869
56$12,844,208$11,635,598$11,293,392$13,185,348
57$14,121,136$12,172,562$11,638,539$14,178,081
58$15,527,266$12,734,791$11,994,204$15,259,461
59$17,075,743$13,323,492$12,360,706$16,438,056
60$18,781,052$13,939,926$12,738,373$17,723,288
61$20,659,156$14,585,419$13,127,545$19,125,520
62$22,727,643$15,261,358$13,528,571$20,656,155
63$25,005,895$15,969,197$13,941,811$22,327,733
64$27,515,271$16,710,462$14,367,636$24,154,055
65$30,279,303$17,486,750$14,806,427$26,150,304
66$33,323,928$18,299,736$15,258,577$28,333,188
67$36,677,722$19,151,177$15,724,494$30,721,094
68$40,372,179$20,042,913$16,204,593$33,334,261
69$44,441,999$20,976,875$16,699,305$36,194,961
70$48,925,425$21,955,083$17,209,074$39,327,711
71$53,864,597$22,979,660$17,734,356$42,759,500
72$59,305,950$24,052,828$18,275,621$46,520,038
73$65,300,657$25,176,917$18,833,354$50,642,033
74$71,905,107$26,354,369$19,408,055$55,161,497
75$79,181,440$27,587,745$20,000,237$60,118,078
76$87,198,133$28,879,730$20,610,431$65,555,432
77$96,030,644$30,233,139$21,239,182$71,521,632
78$105,762,128$31,650,921$21,887,053$78,069,611
79$116,484,218$33,136,169$22,554,622$85,257,664
80$128,297,894$34,692,127$23,242,488$93,149,986
81$141,314,432$36,322,194$23,951,264$101,817,274
82$155,656,456$38,029,934$24,681,583$111,337,390
83$171,459,098$39,819,083$25,434,099$121,796,091
84$188,871,267$41,693,560$26,209,483$133,287,826
85$208,057,064$43,657,472$27,008,428$145,916,628
86$229,197,321$45,715,125$27,831,647$159,797,081
87$252,491,315$47,871,033$28,679,874$175,055,403
88$278,158,645$50,129,930$29,553,867$191,830,623
89$306,441,311$52,496,780$30,454,405$210,275,887
90$337,605,988$54,976,786$31,382,291$230,559,897
91$371,946,553$57,575,403$32,338,352$252,868,493
92$409,786,856$60,298,352$33,323,442$277,406,396
93$451,483,776$63,151,632$34,338,437$304,399,138
94$497,430,588$66,141,529$35,384,242$334,095,172
95$548,060,683$69,274,639$36,461,789$366,768,213
96$603,851,652$72,557,875$37,572,038$402,719,808
97$665,329,795$75,998,486$38,715,976$442,282,175
98$733,075,095$79,604,073$39,894,622$485,821,319
99$807,726,688$83,382,606$41,109,025$533,740,486
100$889,988,899$87,342,442$42,360,266$586,483,946