Can I retire at age 55 with 13,400,000?

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 $13,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,048,247
2 years$547,802$537,599$527,712$518,125$508,826$488,465
3 years$361,573$351,327$341,464$331,968$322,820$303,021
4 years$268,478$258,263$248,499$239,164$230,238$211,154
5 years$212,635$202,481$192,845$183,701$175,023$156,708
6 years$175,418$165,341$155,848$146,907$138,490$120,964
7 years$148,845$138,853$129,510$120,780$112,629$95,897
8 years$128,925$119,023$109,835$101,320$93,437$77,493
9 years$113,439$103,631$94,601$86,302$78,687$63,523
10 years$101,058$91,345$82,475$74,393$67,046$52,646
11 years$90,935$81,319$72,610$64,744$57,661$44,010
12 years$82,505$72,988$64,439$56,789$49,968$37,046
13 years$75,377$65,960$57,572$50,137$43,573$31,360
14 years$69,273$59,956$51,729$44,506$38,196$26,668
15 years$63,987$54,771$46,704$39,691$33,631$22,765
16 years$59,367$50,251$42,344$35,539$29,723$19,496
17 years$55,295$46,279$38,532$31,932$26,354$16,740
18 years$51,679$42,764$35,174$28,777$23,433$14,407
19 years$48,447$39,633$32,200$26,002$20,887$12,422
20 years$45,542$36,829$29,552$23,550$18,656$10,729
21 years$42,918$34,305$27,182$21,373$16,695$9,279
22 years$40,535$32,022$25,053$19,433$14,965$8,035
23 years$38,362$29,950$23,132$17,698$13,433$6,965
24 years$36,374$28,061$21,393$16,142$12,074$6,042
25 years$34,547$26,334$19,814$14,742$10,865$5,246
26 years$32,864$24,750$18,376$13,479$9,787$4,558
27 years$31,308$23,292$17,064$12,338$8,824$3,962
28 years$29,866$21,948$15,863$11,304$7,962$3,446
29 years$28,525$20,706$14,762$10,366$7,189$2,998
30 years$27,277$19,554$13,750$9,513$6,496$2,610
31 years$26,111$18,485$12,819$8,737$5,873$2,272
32 years$25,020$17,491$11,960$8,030$5,312$1,979
33 years$23,997$16,564$11,168$7,384$4,808$1,724
34 years$23,037$15,699$10,434$6,794$4,353$1,502
35 years$22,134$14,890$9,755$6,254$3,943$1,309
36 years$21,282$14,133$9,126$5,760$3,572$1,141
37 years$20,479$13,423$8,542$5,307$3,238$995
38 years$19,720$12,757$7,999$4,892$2,935$867
39 years$19,001$12,130$7,494$4,510$2,662$756
40 years$18,320$11,541$7,024$4,160$2,414$660
41 years$17,674$10,986$6,586$3,838$2,190$575
42 years$17,060$10,463$6,178$3,542$1,987$502
43 years$16,477$9,969$5,798$3,270$1,804$438
44 years$15,921$9,502$5,442$3,019$1,637$382
45 years$15,392$9,061$5,110$2,788$1,486$333
46 years$14,887$8,644$4,799$2,576$1,350$291
47 years$14,405$8,249$4,509$2,380$1,225$253
48 years$13,945$7,875$4,237$2,199$1,113$221
49 years$13,504$7,520$3,983$2,032$1,011$193
50 years$13,083$7,184$3,744$1,878$918$168

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $13,400,000, adding $5,939 every year, while hoping to spend $21,787 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: 57/30/13 Blend
54$13,400,000$13,400,000$13,400,000$13,400,000
55$14,772,926$14,062,726$13,855,026$15,566,025
56$16,256,583$14,728,618$14,295,988$16,769,033
57$17,890,843$15,426,409$14,750,992$18,076,361
58$19,691,045$16,157,639$15,220,486$19,500,394
59$21,674,090$16,923,922$15,704,931$21,052,321
60$23,858,604$17,726,951$16,204,803$22,744,437
61$26,265,112$18,568,502$16,720,594$24,590,260
62$28,916,231$19,450,436$17,252,812$26,604,651
63$31,836,885$20,374,705$17,801,979$28,803,949
64$35,054,538$21,343,357$18,368,636$31,206,124
65$38,599,456$22,358,536$18,953,341$33,830,935
66$42,504,990$23,422,494$19,556,667$36,700,120
67$46,807,893$24,537,591$20,179,210$39,837,585
68$51,548,665$25,706,300$20,821,580$43,269,631
69$56,771,937$26,931,216$21,484,411$47,025,194
70$62,526,889$28,215,060$22,168,353$51,136,111
71$68,867,719$29,560,685$22,874,080$55,637,413
72$75,854,151$30,971,084$23,602,287$60,567,651
73$83,552,000$32,449,392$24,353,689$65,969,248
74$92,033,792$33,998,900$25,129,025$71,888,897
75$101,379,450$35,623,059$25,929,060$78,377,989
76$111,677,050$37,325,484$26,754,579$85,493,091
77$123,023,647$39,109,971$27,606,395$93,296,471
78$135,526,197$40,980,497$28,485,347$101,856,677
79$149,302,561$42,941,234$29,392,299$111,249,171
80$164,482,625$44,996,557$30,328,143$121,557,037
81$181,209,518$47,151,053$31,293,801$132,871,747
82$199,640,969$49,409,535$32,290,224$145,294,020
83$219,950,792$51,777,046$33,318,390$158,934,754
84$242,330,530$54,258,879$34,379,314$173,916,066
85$266,991,262$56,860,581$35,474,038$190,372,429
86$294,165,592$59,587,972$36,603,641$208,451,930
87$324,109,854$62,447,153$37,769,233$228,317,648
88$357,106,520$65,444,525$38,971,964$250,149,187
89$393,466,876$68,586,798$40,213,015$274,144,348
90$433,533,956$71,881,010$41,493,610$300,520,983
91$477,685,782$75,334,542$42,815,009$329,519,037
92$526,338,933$78,955,135$44,178,513$361,402,788
93$579,952,475$82,750,908$45,585,464$396,463,330
94$639,032,297$86,730,372$47,037,247$435,021,300
95$704,135,889$90,902,458$48,535,292$477,429,878
96$775,877,599$95,276,528$50,081,074$524,078,108
97$854,934,439$99,862,403$51,676,115$575,394,543
98$942,052,473$104,670,381$53,321,985$631,851,268
99$1,038,053,859$109,711,264$55,020,306$693,968,330
100$1,143,844,617$114,996,380$56,772,750$762,318,625