Can I retire at age 55 with 10,900,000?

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 $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$900,112$892,094$884,272$876,637$869,181$837,011
2 years$445,600$437,301$429,258$421,460$413,896$381,848
3 years$294,116$285,781$277,758$270,033$262,593$231,675
4 years$218,389$210,079$202,137$194,544$187,283$157,732
5 years$172,964$164,705$156,867$149,428$142,370$114,262
6 years$142,691$134,494$126,772$119,499$112,652$86,007
7 years$121,076$112,948$105,348$98,247$91,616$66,427
8 years$104,872$96,817$89,343$82,417$76,005$52,249
9 years$92,275$84,297$76,951$70,201$64,007$41,652
10 years$82,204$74,303$67,088$60,514$54,537$33,542
11 years$73,969$66,148$59,063$52,665$46,904$27,224
12 years$67,112$59,371$52,417$46,194$40,646$22,233
13 years$61,314$53,654$46,831$40,783$35,444$18,245
14 years$56,349$48,770$42,078$36,202$31,070$15,031
15 years$52,049$44,552$37,991$32,286$27,356$12,423
16 years$48,291$40,876$34,444$28,909$24,178$10,294
17 years$44,978$37,645$31,343$25,974$21,438$8,548
18 years$42,037$34,786$28,612$23,408$19,061$7,110
19 years$39,408$32,239$26,193$21,151$16,990$5,922
20 years$37,046$29,958$24,039$19,156$15,176$4,939
21 years$34,911$27,905$22,111$17,386$13,580$4,123
22 years$32,972$26,048$20,379$15,808$12,173$3,445
23 years$31,205$24,362$18,816$14,396$10,927$2,880
24 years$29,588$22,826$17,402$13,130$9,822$2,409
25 years$28,102$21,421$16,117$11,991$8,838$2,016
26 years$26,733$20,132$14,948$10,964$7,961$1,688
27 years$25,467$18,947$13,881$10,036$7,177$1,414
28 years$24,294$17,853$12,904$9,195$6,476$1,184
29 years$23,203$16,843$12,008$8,432$5,848$992
30 years$22,188$15,906$11,185$7,738$5,284$832
31 years$21,239$15,037$10,428$7,107$4,777$697
32 years$20,352$14,228$9,729$6,532$4,321$584
33 years$19,520$13,474$9,084$6,006$3,911$490
34 years$18,739$12,770$8,488$5,526$3,541$411
35 years$18,004$12,112$7,935$5,087$3,207$345
36 years$17,312$11,496$7,423$4,685$2,906$289
37 years$16,658$10,919$6,948$4,317$2,634$242
38 years$16,041$10,377$6,507$3,979$2,388$203
39 years$15,456$9,867$6,096$3,669$2,165$170
40 years$14,902$9,388$5,714$3,384$1,964$143
41 years$14,376$8,936$5,358$3,122$1,782$120
42 years$13,877$8,511$5,026$2,881$1,617$101
43 years$13,403$8,109$4,716$2,660$1,467$84
44 years$12,951$7,730$4,427$2,456$1,332$71
45 years$12,520$7,371$4,157$2,268$1,209$59
46 years$12,110$7,032$3,904$2,095$1,098$50
47 years$11,718$6,710$3,668$1,936$997$42
48 years$11,343$6,406$3,447$1,789$905$35
49 years$10,985$6,117$3,240$1,653$822$29
50 years$10,642$5,843$3,046$1,528$747$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $10,900,000, adding $5,325 every year, while hoping to spend $43,215 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: 47/46/7 Blend
54$10,900,000$10,900,000$10,900,000$10,900,000
55$12,017,293$11,439,593$11,270,643$12,559,272
56$13,197,076$11,954,152$11,602,229$13,446,362
57$14,495,749$12,492,477$11,943,475$14,403,553
58$15,925,393$13,055,686$12,294,658$15,441,308
59$17,499,319$13,644,950$12,656,065$16,567,110
60$19,232,196$14,261,499$13,027,990$17,789,168
61$21,140,187$14,906,620$13,410,735$19,116,498
62$23,241,101$15,581,659$13,804,610$20,558,998
63$25,554,564$16,288,032$14,209,935$22,127,536
64$28,102,201$17,027,217$14,627,039$23,834,052
65$30,907,841$17,800,765$15,056,260$25,691,660
66$33,997,741$18,610,303$15,497,945$27,714,771
67$37,400,836$19,457,533$15,952,451$29,919,217
68$41,149,009$20,344,240$16,420,147$32,322,401
69$45,277,395$21,272,295$16,901,408$34,943,451
70$49,824,708$22,243,656$17,396,624$37,803,391
71$54,833,611$23,260,378$17,906,194$40,925,339
72$60,351,116$24,324,614$18,430,529$44,334,713
73$66,429,028$25,438,617$18,970,049$48,059,463
74$73,124,433$26,604,753$19,525,190$52,130,328
75$80,500,237$27,825,499$20,096,396$56,581,119
76$88,625,763$29,103,450$20,684,127$61,449,026
77$97,577,400$30,441,328$21,288,854$66,774,961
78$107,439,325$31,841,983$21,911,061$72,603,935
79$118,304,301$33,308,405$22,551,246$78,985,471
80$130,274,549$34,843,726$23,209,922$85,974,062
81$143,462,713$36,451,229$23,887,615$93,629,674
82$157,992,925$38,134,354$24,584,865$102,018,299
83$174,001,974$39,896,709$25,302,229$111,212,566
84$191,640,601$41,742,073$26,040,279$121,292,416
85$211,074,915$43,674,408$26,799,601$132,345,839
86$232,487,970$45,697,867$27,580,801$144,469,691
87$256,081,483$47,816,803$28,384,498$157,770,598
88$282,077,747$50,035,778$29,211,332$172,365,940
89$310,721,722$52,359,576$30,061,956$188,384,949
90$342,283,352$54,793,210$30,937,046$205,969,907
91$377,060,111$57,341,934$31,837,294$225,277,474
92$415,379,810$60,011,257$32,763,411$246,480,147
93$457,603,695$62,806,953$33,716,130$269,767,868
94$504,129,854$65,735,076$34,696,202$295,349,798
95$555,396,974$68,801,969$35,704,400$323,456,270
96$611,888,485$72,014,286$36,741,518$354,340,939
97$674,137,123$75,378,998$37,808,371$388,283,152
98$742,729,956$78,903,416$38,905,798$425,590,566
99$818,313,930$82,595,201$40,034,660$466,602,020
100$901,601,973$86,462,388$41,195,843$511,690,707