Can I retire at age 55 with 10,800,000?

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 $10,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$891,854$883,910$876,159$868,594$861,207$838,348
2 years$441,512$433,289$425,320$417,593$410,099$387,227
3 years$291,417$283,159$275,210$267,556$260,183$238,016
4 years$216,385$208,152$200,283$192,759$185,565$164,273
5 years$171,377$163,194$155,427$148,057$141,064$120,705
6 years$141,382$133,260$125,608$118,403$111,619$92,213
7 years$119,965$111,911$104,381$97,345$90,776$72,324
8 years$103,910$95,929$88,524$81,661$75,307$57,801
9 years$91,429$83,523$76,245$69,557$63,420$46,842
10 years$81,450$73,622$66,472$59,959$54,037$38,368
11 years$73,291$65,541$58,521$52,182$46,473$31,689
12 years$66,496$58,826$51,936$45,771$40,273$26,346
13 years$60,752$53,162$46,401$40,409$35,119$22,020
14 years$55,832$48,322$41,692$35,870$30,785$18,485
15 years$51,572$44,143$37,642$31,990$27,105$15,572
16 years$47,848$40,501$34,128$28,644$23,956$13,157
17 years$44,566$37,300$31,055$25,736$21,241$11,143
18 years$41,651$34,467$28,349$23,193$18,886$9,457
19 years$39,047$31,943$25,953$20,957$16,834$8,040
20 years$36,706$29,683$23,818$18,981$15,036$6,845
21 years$34,590$27,649$21,908$17,226$13,456$5,835
22 years$32,670$25,809$20,192$15,663$12,061$4,978
23 years$30,919$24,139$18,643$14,264$10,827$4,252
24 years$29,316$22,616$17,242$13,010$9,731$3,634
25 years$27,844$21,224$15,970$11,881$8,757$3,107
26 years$26,487$19,948$14,811$10,864$7,888$2,659
27 years$25,233$18,773$13,753$9,944$7,112$2,276
28 years$24,071$17,690$12,785$9,111$6,417$1,949
29 years$22,991$16,688$11,898$8,355$5,794$1,670
30 years$21,984$15,760$11,082$7,667$5,235$1,431
31 years$21,044$14,899$10,332$7,042$4,733$1,226
32 years$20,165$14,097$9,640$6,472$4,282$1,051
33 years$19,341$13,350$9,001$5,951$3,875$902
34 years$18,567$12,653$8,410$5,476$3,508$773
35 years$17,839$12,001$7,863$5,041$3,178$663
36 years$17,153$11,391$7,355$4,642$2,879$569
37 years$16,505$10,819$6,884$4,277$2,609$488
38 years$15,893$10,282$6,447$3,942$2,366$419
39 years$15,314$9,777$6,040$3,635$2,145$359
40 years$14,765$9,302$5,661$3,353$1,946$308
41 years$14,245$8,854$5,309$3,093$1,765$264
42 years$13,750$8,433$4,980$2,855$1,602$227
43 years$13,280$8,035$4,673$2,635$1,454$195
44 years$12,832$7,659$4,386$2,433$1,320$167
45 years$12,405$7,303$4,118$2,247$1,198$143
46 years$11,998$6,967$3,868$2,076$1,088$123
47 years$11,610$6,649$3,634$1,918$988$106
48 years$11,239$6,347$3,415$1,772$897$91
49 years$10,884$6,061$3,210$1,638$815$78
50 years$10,545$5,790$3,018$1,514$740$67

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $10,800,000, adding $6,393 every year, while hoping to spend $44,513 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: 87/5/8 Blend
54$10,800,000$10,800,000$10,800,000$10,800,000
55$11,908,194$11,335,794$11,168,394$12,934,209
56$13,075,469$11,843,887$11,495,174$14,112,054
57$14,360,313$12,375,384$11,831,409$15,399,702
58$15,774,673$12,931,385$12,177,369$16,813,616
59$17,331,710$13,513,044$12,533,331$18,366,498
60$19,045,927$14,121,566$12,899,581$20,072,339
61$20,933,306$14,758,217$13,276,411$21,946,551
62$23,011,455$15,424,321$13,664,123$24,006,113
63$25,299,779$16,121,268$14,063,026$26,269,725
64$27,819,657$16,850,511$14,473,438$28,757,989
65$30,594,652$17,613,576$14,895,688$31,493,601
66$33,650,723$18,412,058$15,330,111$34,501,563
67$37,016,480$19,247,632$15,777,052$37,809,418
68$40,723,445$20,122,050$16,236,868$41,447,512
69$44,806,356$21,037,150$16,709,922$45,449,274
70$49,303,491$21,994,857$17,196,592$49,851,537
71$54,257,031$22,997,189$17,697,261$54,694,878
72$59,713,457$24,046,260$18,212,328$60,024,004
73$65,723,987$25,144,285$18,742,199$65,888,171
74$72,345,064$26,293,585$19,287,293$72,341,648
75$79,638,884$27,496,594$19,848,040$79,444,230
76$87,673,984$28,755,860$20,424,883$87,261,796
77$96,525,890$30,074,057$21,018,276$95,866,934
78$106,277,828$31,453,984$21,628,687$105,339,622
79$117,021,513$32,898,576$22,256,594$115,767,984
80$128,858,010$34,410,908$22,902,492$127,249,117
81$141,898,688$35,994,204$23,566,887$139,890,008
82$156,266,276$37,651,842$24,250,300$153,808,541
83$172,096,017$39,387,362$24,953,265$169,134,610
84$189,536,945$41,204,477$25,676,333$186,011,339
85$208,753,291$43,107,075$26,420,069$204,596,437
86$229,926,038$45,099,233$27,185,053$225,063,678
87$253,254,623$47,185,224$27,971,880$247,604,545
88$278,958,821$49,369,526$28,781,165$272,430,032
89$307,280,822$51,656,835$29,613,536$299,772,636
90$338,487,516$54,052,069$30,469,639$329,888,544
91$372,873,010$56,560,388$31,350,139$363,060,055
92$410,761,408$59,187,198$32,255,719$399,598,242
93$452,509,865$61,938,164$33,187,080$439,845,878
94$498,511,965$64,819,228$34,144,941$484,180,681
95$549,201,431$67,836,616$35,130,042$533,018,865
96$605,056,222$70,996,855$36,143,143$586,819,074
97$666,603,044$74,306,788$37,185,025$646,086,707
98$734,422,320$77,773,586$38,256,490$711,378,682
99$809,153,674$81,404,769$39,358,360$783,308,693
100$891,501,965$85,208,219$40,491,481$862,553,003