Can I retire at age 55 with 11,800,000?

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 $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$974,433$965,753$957,285$949,019$940,949$925,741
2 years$482,393$473,408$464,701$456,259$448,071$432,792
3 years$318,401$309,378$300,693$292,330$284,274$269,399
4 years$236,421$227,425$218,827$210,607$202,747$188,390
5 years$187,245$178,304$169,819$161,766$154,125$140,327
6 years$154,473$145,599$137,239$129,366$121,954$108,732
7 years$131,073$122,274$114,046$106,359$99,181$86,539
8 years$113,531$104,811$96,720$89,222$82,280$70,215
9 years$99,894$91,257$83,305$75,997$69,292$57,797
10 years$88,992$80,438$72,627$65,510$59,040$48,107
11 years$80,077$71,610$63,940$57,014$50,777$40,393
12 years$72,653$64,273$56,745$50,009$44,002$34,155
13 years$66,377$58,084$50,698$44,150$38,370$29,046
14 years$61,001$52,797$45,552$39,192$33,635$24,818
15 years$56,347$48,231$41,128$34,952$29,615$21,288
16 years$52,278$44,251$37,288$31,296$26,174$18,320
17 years$48,692$40,753$33,931$28,119$23,208$15,810
18 years$45,508$37,658$30,974$25,341$20,635$13,675
19 years$42,662$34,901$28,356$22,898$18,393$11,853
20 years$40,104$32,432$26,023$20,738$16,429$10,291
21 years$37,793$30,209$23,936$18,821$14,702$8,947
22 years$35,695$28,199$22,061$17,113$13,178$7,789
23 years$33,782$26,374$20,370$15,585$11,829$6,789
24 years$32,031$24,711$18,838$14,214$10,633$5,922
25 years$30,422$23,190$17,448$12,981$9,568$5,170
26 years$28,940$21,795$16,182$11,870$8,618$4,517
27 years$27,570$20,511$15,027$10,864$7,770$3,949
28 years$26,300$19,328$13,969$9,954$7,011$3,454
29 years$25,119$18,233$13,000$9,128$6,331$3,023
30 years$24,020$17,219$12,109$8,377$5,720$2,646
31 years$22,993$16,278$11,289$7,694$5,172$2,318
32 years$22,033$15,402$10,532$7,071$4,678$2,030
33 years$21,132$14,586$9,834$6,502$4,234$1,779
34 years$20,286$13,825$9,188$5,983$3,833$1,559
35 years$19,491$13,112$8,591$5,507$3,472$1,367
36 years$18,741$12,446$8,036$5,072$3,146$1,199
37 years$18,034$11,820$7,522$4,673$2,851$1,051
38 years$17,365$11,234$7,044$4,308$2,585$922
39 years$16,732$10,682$6,599$3,972$2,344$809
40 years$16,132$10,163$6,186$3,663$2,126$709
41 years$15,564$9,674$5,800$3,380$1,929$622
42 years$15,023$9,213$5,441$3,119$1,750$546
43 years$14,509$8,779$5,105$2,879$1,588$479
44 years$14,020$8,368$4,792$2,659$1,442$421
45 years$13,554$7,979$4,500$2,455$1,309$369
46 years$13,109$7,612$4,226$2,268$1,188$324
47 years$12,685$7,264$3,971$2,095$1,079$284
48 years$12,280$6,935$3,731$1,936$980$250
49 years$11,892$6,622$3,507$1,789$890$219
50 years$11,521$6,326$3,297$1,654$808$192

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $11,800,000, adding $2,832 every year, while hoping to spend $31,567 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: 42/43/15 Blend
54$11,800,000$11,800,000$11,800,000$11,800,000
55$13,006,521$12,381,121$12,198,221$13,495,518
56$14,299,599$12,954,209$12,573,275$14,413,169
57$15,723,513$13,554,320$12,959,834$15,402,905
58$17,291,575$14,182,746$13,358,252$16,473,970
59$19,018,454$14,840,838$13,768,892$17,633,822
60$20,920,313$15,530,016$14,192,126$18,890,638
61$23,014,964$16,251,766$14,628,342$20,253,392
62$25,322,034$17,007,646$15,077,935$21,731,935
63$27,863,151$17,799,290$15,541,315$23,337,075
64$30,662,147$18,628,410$16,018,904$25,080,683
65$33,745,285$19,496,801$16,511,136$26,975,789
66$37,141,504$20,406,344$17,018,459$29,036,707
67$40,882,695$21,359,012$17,541,335$31,279,158
68$45,003,999$22,356,873$18,080,239$33,720,414
69$49,544,141$23,402,094$18,635,661$36,379,451
70$54,545,794$24,496,948$19,208,106$39,277,125
71$60,055,983$25,643,816$19,798,096$42,436,354
72$66,126,526$26,845,196$20,406,165$45,882,333
73$72,814,527$28,103,706$21,032,867$49,642,757
74$80,182,912$29,422,090$21,678,770$53,748,079
75$88,301,023$30,803,226$22,344,463$58,231,781
76$97,245,274$32,250,131$23,030,549$63,130,685
77$107,099,871$33,765,967$23,737,652$68,485,289
78$117,957,608$35,354,049$24,466,413$74,340,136
79$129,920,740$37,017,854$25,217,495$80,744,226
80$143,101,954$38,761,027$25,991,579$87,751,463
81$157,625,424$40,587,388$26,789,367$95,421,153
82$173,627,990$42,500,943$27,611,584$103,818,551
83$191,260,449$44,505,893$28,458,976$113,015,461
84$210,688,974$46,606,641$29,332,311$123,090,901
85$232,096,687$48,807,805$30,232,382$134,131,834
86$255,685,387$51,114,225$31,160,004$146,233,968
87$281,677,451$53,530,976$32,116,019$159,502,650
88$310,317,939$56,063,382$33,101,293$174,053,839
89$341,876,902$58,717,021$34,116,720$190,015,180
90$376,651,935$61,497,744$35,163,219$207,527,193
91$414,970,985$64,411,686$36,241,739$226,744,581
92$457,195,445$67,465,278$37,353,257$247,837,663
93$503,723,569$70,665,265$38,498,780$270,993,965
94$554,994,228$74,018,719$39,679,344$296,419,966
95$611,491,057$77,533,053$40,896,019$324,343,021
96$673,747,015$81,216,044$42,149,907$355,013,484
97$742,349,424$85,075,842$43,442,142$388,707,043
98$817,945,505$89,120,998$44,773,893$425,727,296
99$901,248,493$93,360,475$46,146,366$466,408,588
100$993,044,372$97,803,670$47,560,802$511,119,135