Can I retire at age 55 with 11,700,000?

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 $11,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$966,175$957,569$949,172$940,977$932,974$912,273
2 years$478,304$469,397$460,763$452,393$444,274$423,525
3 years$315,702$306,756$298,144$289,852$281,865$261,718
4 years$234,417$225,498$216,973$208,822$201,029$181,637
5 years$185,659$176,793$168,380$160,396$152,819$134,237
6 years$153,164$144,365$136,076$128,270$120,920$103,168
7 years$129,962$121,237$113,080$105,458$98,341$81,422
8 years$112,569$103,923$95,901$88,466$81,583$65,491
9 years$99,048$90,484$82,599$75,353$68,705$53,428
10 years$88,237$79,757$72,012$64,955$58,540$44,062
11 years$79,398$71,003$63,398$56,530$50,346$36,648
12 years$72,038$63,728$56,264$49,585$43,629$30,689
13 years$65,814$57,592$50,268$43,776$38,045$25,840
14 years$60,484$52,349$45,166$38,859$33,350$21,855
15 years$55,870$47,822$40,779$34,656$29,364$18,554
16 years$51,835$43,876$36,972$31,030$25,952$15,799
17 years$48,280$40,408$33,643$27,881$23,011$13,488
18 years$45,122$37,339$30,712$25,126$20,460$11,541
19 years$42,301$34,605$28,115$22,704$18,237$9,892
20 years$39,765$32,157$25,803$20,562$16,289$8,492
21 years$37,473$29,953$23,734$18,662$14,577$7,300
22 years$35,392$27,960$21,874$16,968$13,066$6,282
23 years$33,495$26,150$20,197$15,453$11,729$5,412
24 years$31,759$24,501$18,679$14,094$10,542$4,665
25 years$30,164$22,993$17,300$12,871$9,487$4,025
26 years$28,695$21,610$16,045$11,769$8,545$3,475
27 years$27,336$20,337$14,899$10,772$7,704$3,001
28 years$26,077$19,164$13,851$9,870$6,952$2,593
29 years$24,906$18,079$12,889$9,051$6,277$2,242
30 years$23,816$17,074$12,006$8,306$5,672$1,938
31 years$22,798$16,140$11,193$7,629$5,128$1,677
32 years$21,846$15,272$10,443$7,011$4,638$1,451
33 years$20,953$14,463$9,751$6,447$4,198$1,255
34 years$20,114$13,707$9,111$5,932$3,801$1,086
35 years$19,326$13,001$8,518$5,461$3,442$940
36 years$18,582$12,340$7,968$5,029$3,119$814
37 years$17,881$11,720$7,458$4,634$2,827$705
38 years$17,218$11,138$6,984$4,271$2,563$611
39 years$16,590$10,592$6,543$3,938$2,324$529
40 years$15,996$10,077$6,133$3,632$2,108$458
41 years$15,432$9,592$5,751$3,351$1,912$397
42 years$14,896$9,135$5,395$3,093$1,735$344
43 years$14,386$8,704$5,062$2,855$1,575$298
44 years$13,901$8,297$4,752$2,636$1,430$258
45 years$13,439$7,912$4,462$2,435$1,298$223
46 years$12,998$7,548$4,190$2,249$1,178$194
47 years$12,578$7,203$3,937$2,078$1,070$168
48 years$12,176$6,876$3,700$1,920$972$145
49 years$11,791$6,566$3,477$1,774$883$126
50 years$11,423$6,272$3,269$1,640$802$109

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $11,700,000, adding $2,276 every year, while hoping to spend $29,058 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: 33/46/21 Blend
54$11,700,000$11,700,000$11,700,000$11,700,000
55$12,895,748$12,275,648$12,094,298$13,237,896
56$14,180,196$12,846,237$12,468,539$14,063,658
57$15,594,685$13,443,811$12,854,344$14,950,199
58$17,152,447$14,069,662$13,252,068$15,905,076
59$18,868,064$14,725,143$13,662,081$16,934,326
60$20,757,606$15,411,674$14,084,759$18,044,559
61$22,838,778$16,130,743$14,520,495$19,243,017
62$25,131,093$16,883,908$14,969,691$20,537,636
63$27,656,050$17,672,806$15,432,761$21,937,113
64$30,437,343$18,499,149$15,910,135$23,450,986
65$33,501,080$19,364,735$16,402,252$25,089,710
66$36,876,031$20,271,448$16,909,568$26,864,756
67$40,593,898$21,221,261$17,432,551$28,788,708
68$44,689,619$22,216,245$17,971,684$30,875,375
69$49,201,689$23,258,571$18,527,465$33,139,911
70$54,172,533$24,350,513$19,100,407$35,598,955
71$59,648,900$25,494,457$19,691,039$38,270,772
72$65,682,306$26,692,903$20,299,907$41,175,422
73$72,329,519$27,948,473$20,927,572$44,334,937
74$79,653,098$29,263,916$21,574,614$47,773,519
75$87,721,980$30,642,114$22,241,629$51,517,758
76$96,612,133$32,086,088$22,929,234$55,596,871
77$106,407,270$33,599,006$23,638,063$60,042,969
78$117,199,643$35,184,189$24,368,770$64,891,345
79$129,090,911$36,845,119$25,122,028$70,180,794
80$142,193,102$38,585,447$25,898,534$75,953,969
81$156,629,665$40,409,001$26,699,002$82,257,767
82$172,536,644$42,319,795$27,524,171$89,143,757
83$190,063,952$44,322,036$28,374,802$96,668,654
84$209,376,797$46,420,137$29,251,679$104,894,836
85$230,657,230$48,618,724$30,155,610$113,890,916
86$254,105,874$50,922,648$31,087,429$123,732,374
87$279,943,810$53,336,994$32,047,995$134,502,249
88$308,414,668$55,867,097$33,038,193$146,291,906
89$339,786,927$58,518,547$34,058,934$159,201,875
90$374,356,446$61,297,208$35,111,161$173,342,782
91$412,449,260$64,209,228$36,195,841$188,836,372
92$454,424,657$67,261,053$37,313,975$205,816,629
93$500,678,570$70,459,443$38,466,591$224,431,024
94$551,647,315$73,811,486$39,654,753$244,841,879
95$607,811,707$77,324,614$40,879,552$267,227,871
96$669,701,602$81,006,621$42,142,118$291,785,694
97$737,900,899$84,865,679$43,443,613$318,731,883
98$813,053,051$88,910,358$44,785,234$348,304,832
99$895,867,139$93,149,643$46,168,217$380,767,011
100$987,124,570$97,592,957$47,593,834$416,407,407