Can I retire at age 55 with 10,700,000?

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$883,596$875,725$868,047$860,552$853,233$821,327
2 years$437,424$429,277$421,382$413,727$406,301$374,522
3 years$288,719$280,537$272,662$265,079$257,774$227,121
4 years$214,381$206,225$198,428$190,974$183,847$154,554
5 years$169,790$161,683$153,988$146,687$139,757$111,900
6 years$140,073$132,026$124,445$117,306$110,585$84,183
7 years$118,854$110,875$103,415$96,444$89,935$64,982
8 years$102,948$95,041$87,704$80,905$74,610$51,081
9 years$90,582$82,750$75,539$68,913$62,833$40,696
10 years$80,696$72,940$65,857$59,403$53,536$32,752
11 years$72,612$64,934$57,979$51,699$46,043$26,566
12 years$65,881$58,281$51,455$45,347$39,900$21,680
13 years$60,189$52,669$45,972$40,034$34,794$17,779
14 years$55,315$47,875$41,306$35,538$30,500$14,637
15 years$51,094$43,735$37,294$31,694$26,854$12,089
16 years$47,405$40,126$33,812$28,378$23,734$10,010
17 years$44,153$36,954$30,768$25,498$21,044$8,305
18 years$41,266$34,147$28,087$22,979$18,712$6,903
19 years$38,685$31,648$25,712$20,763$16,678$5,746
20 years$36,366$29,408$23,597$18,805$14,897$4,788
21 years$34,270$27,393$21,705$17,067$13,331$3,994
22 years$32,367$25,570$20,005$15,518$11,950$3,334
23 years$30,633$23,915$18,471$14,132$10,727$2,786
24 years$29,045$22,407$17,082$12,889$9,641$2,328
25 years$27,586$21,028$15,822$11,771$8,676$1,947
26 years$26,242$19,763$14,674$10,763$7,815$1,629
27 years$25,000$18,599$13,626$9,852$7,046$1,363
28 years$23,848$17,526$12,667$9,026$6,357$1,141
29 years$22,778$16,534$11,788$8,277$5,741$955
30 years$21,781$15,614$10,980$7,596$5,187$800
31 years$20,850$14,761$10,236$6,977$4,690$670
32 years$19,979$13,967$9,551$6,412$4,242$561
33 years$19,162$13,227$8,917$5,896$3,839$470
34 years$18,395$12,536$8,332$5,425$3,476$394
35 years$17,674$11,890$7,790$4,994$3,148$330
36 years$16,994$11,285$7,287$4,599$2,852$277
37 years$16,353$10,718$6,821$4,238$2,585$232
38 years$15,746$10,186$6,387$3,906$2,344$194
39 years$15,172$9,686$5,984$3,602$2,125$163
40 years$14,629$9,216$5,609$3,322$1,928$136
41 years$14,113$8,772$5,259$3,065$1,749$114
42 years$13,623$8,355$4,933$2,828$1,587$96
43 years$13,157$7,960$4,629$2,611$1,440$80
44 years$12,713$7,588$4,345$2,411$1,307$67
45 years$12,290$7,236$4,080$2,226$1,187$56
46 years$11,887$6,903$3,832$2,057$1,078$47
47 years$11,503$6,587$3,600$1,900$979$40
48 years$11,135$6,288$3,383$1,756$889$33
49 years$10,783$6,005$3,180$1,623$807$28
50 years$10,447$5,736$2,990$1,500$733$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $10,700,000, adding $2,073 every year, while hoping to spend $28,017 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: 43/43/14 Blend
54$10,700,000$10,700,000$10,700,000$10,700,000
55$11,793,538$11,226,438$11,060,588$12,252,603
56$12,966,669$11,746,724$11,401,308$13,094,711
57$14,258,521$12,291,564$11,752,503$14,003,509
58$15,681,172$12,862,134$12,114,494$14,987,457
59$17,247,935$13,459,662$12,487,613$16,053,467
60$18,973,478$14,085,438$12,872,201$17,209,119
61$20,873,962$14,740,814$13,268,610$18,462,733
62$22,967,200$15,427,207$13,677,202$19,823,442
63$25,272,816$16,146,103$14,098,350$21,301,268
64$27,812,439$16,899,057$14,532,440$22,907,219
65$30,609,900$17,687,703$14,979,869$24,653,380
66$33,691,460$18,513,752$15,441,046$26,553,028
67$37,086,060$19,378,996$15,916,391$28,620,746
68$40,825,587$20,285,316$16,406,340$30,872,555
69$44,945,184$21,234,684$16,911,339$33,326,061
70$49,483,575$22,229,165$17,431,851$36,000,615
71$54,483,432$23,270,926$17,968,350$38,917,481
72$59,991,779$24,362,239$18,521,327$42,100,039
73$66,060,435$25,505,483$19,091,286$45,573,990
74$72,746,503$26,703,156$19,678,748$49,367,595
75$80,112,909$27,957,873$20,284,249$53,511,930
76$88,228,996$29,272,379$20,908,341$58,041,171
77$97,171,178$30,649,549$21,551,594$62,992,907
78$107,023,661$32,092,400$22,214,596$68,408,487
79$117,879,239$33,604,093$22,897,950$74,333,394
80$129,840,171$35,187,942$23,602,280$80,817,671
81$143,019,140$36,847,424$24,328,229$87,916,375
82$157,540,326$38,586,181$25,076,458$95,690,088
83$173,540,569$40,408,034$25,847,649$104,205,477
84$191,170,668$42,316,988$26,642,506$113,535,906
85$210,596,799$44,317,243$27,461,753$123,762,121
86$232,002,087$46,413,203$28,306,136$134,972,990
87$255,588,334$48,609,484$29,176,426$147,266,333
88$281,577,922$50,910,926$30,073,414$160,749,827
89$310,215,915$53,322,606$30,997,918$175,542,005
90$341,772,370$55,849,845$31,950,779$191,773,360
91$376,544,887$58,498,224$32,932,867$209,587,556
92$414,861,422$61,273,593$33,945,073$229,142,764
93$457,083,375$64,182,087$34,988,321$250,613,140
94$503,609,008$67,230,138$36,063,560$274,190,444
95$554,877,205$70,424,493$37,171,767$300,085,828
96$611,371,611$73,772,224$38,313,952$328,531,810
97$673,625,199$77,280,747$39,491,153$359,784,440
98$742,225,305$80,957,839$40,704,442$394,125,696
99$817,819,167$84,811,654$41,954,922$431,866,116
100$901,120,039$88,850,742$43,243,729$473,347,704