Can I retire at age 55 with 7,100,000?

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 $7,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$586,311$581,089$575,993$571,020$566,164$543,701
2 years$290,253$284,847$279,608$274,529$269,602$247,249
3 years$191,580$186,151$180,925$175,893$171,047$149,508
4 years$142,253$136,841$131,667$126,721$121,992$101,431
5 years$112,665$107,285$102,179$97,334$92,736$73,206
6 years$92,945$87,606$82,576$77,839$73,379$54,892
7 years$78,866$73,571$68,621$63,996$59,677$42,226
8 years$68,311$63,064$58,196$53,684$49,508$33,075
9 years$60,106$54,909$50,124$45,727$41,693$26,254
10 years$53,546$48,399$43,699$39,417$35,524$21,049
11 years$48,182$43,087$38,472$34,305$30,552$17,006
12 years$43,715$38,673$34,143$30,090$26,476$13,823
13 years$39,939$34,949$30,505$26,565$23,087$11,289
14 years$36,704$31,768$27,409$23,581$20,238$9,255
15 years$33,904$29,020$24,746$21,030$17,819$7,611
16 years$31,456$26,625$22,436$18,830$15,749$6,275
17 years$29,298$24,521$20,416$16,919$13,964$5,183
18 years$27,382$22,659$18,637$15,247$12,416$4,289
19 years$25,670$21,000$17,061$13,777$11,067$3,554
20 years$24,131$19,514$15,658$12,478$9,885$2,948
21 years$22,740$18,177$14,402$11,325$8,846$2,448
22 years$21,477$16,967$13,274$10,297$7,929$2,034
23 years$20,326$15,869$12,256$9,377$7,118$1,691
24 years$19,273$14,868$11,335$8,553$6,398$1,407
25 years$18,305$13,953$10,498$7,811$5,757$1,171
26 years$17,413$13,114$9,737$7,142$5,186$975
27 years$16,589$12,341$9,041$6,537$4,675$812
28 years$15,824$11,629$8,405$5,989$4,218$676
29 years$15,114$10,971$7,822$5,492$3,809$563
30 years$14,453$10,361$7,286$5,041$3,442$469
31 years$13,835$9,794$6,792$4,629$3,112$391
32 years$13,257$9,268$6,337$4,255$2,815$326
33 years$12,715$8,777$5,917$3,912$2,547$272
34 years$12,206$8,318$5,529$3,600$2,306$227
35 years$11,728$7,890$5,169$3,314$2,089$189
36 years$11,276$7,488$4,835$3,052$1,893$158
37 years$10,851$7,112$4,526$2,812$1,715$131
38 years$10,448$6,759$4,238$2,592$1,555$110
39 years$10,068$6,427$3,971$2,390$1,410$91
40 years$9,707$6,115$3,722$2,204$1,279$76
41 years$9,364$5,821$3,490$2,034$1,161$64
42 years$9,039$5,544$3,274$1,877$1,053$53
43 years$8,730$5,282$3,072$1,733$956$44
44 years$8,436$5,035$2,883$1,600$867$37
45 years$8,155$4,801$2,707$1,477$788$31
46 years$7,888$4,580$2,543$1,365$715$26
47 years$7,633$4,371$2,389$1,261$649$21
48 years$7,389$4,173$2,245$1,165$590$18
49 years$7,155$3,985$2,110$1,077$536$15
50 years$6,932$3,806$1,984$995$486$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $7,100,000, adding $2,981 every year, while hoping to spend $46,520 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: 31/50/19 Blend
54$7,100,000$7,100,000$7,100,000$7,100,000
55$7,827,275$7,450,975$7,340,925$8,023,299
56$8,576,160$7,766,576$7,537,349$8,486,521
57$9,399,872$8,096,082$7,738,794$8,980,398
58$10,305,995$8,440,126$7,945,379$9,511,065
59$11,302,883$8,799,368$8,157,226$10,081,748
60$12,399,743$9,174,503$8,374,459$10,695,979
61$13,606,717$9,566,254$8,597,204$11,357,628
62$14,934,982$9,975,380$8,825,590$12,070,938
63$16,396,852$10,402,676$9,059,749$12,840,556
64$18,005,895$10,848,971$9,299,815$13,671,581
65$19,777,063$11,315,137$9,545,925$14,569,604
66$21,726,828$11,802,084$9,798,219$15,540,757
67$23,873,344$12,310,766$10,056,838$16,591,770
68$26,236,611$12,842,179$10,321,928$17,730,027
69$28,838,669$13,397,370$10,593,637$18,963,635
70$31,703,804$13,977,431$10,872,114$20,301,493
71$34,858,776$14,583,509$11,157,514$21,753,375
72$38,333,072$15,216,802$11,449,991$23,330,014
73$42,159,185$15,878,565$11,749,706$25,043,199
74$46,372,920$16,570,113$12,056,819$26,905,884
75$51,013,732$17,292,822$12,371,496$28,932,300
76$56,125,095$18,048,133$12,693,904$31,138,090
77$61,754,919$18,837,556$13,024,214$33,540,445
78$67,955,994$19,662,669$13,362,598$36,158,262
79$74,786,494$20,525,129$13,709,234$39,012,317
80$82,310,523$21,426,667$14,064,300$42,125,454
81$90,598,721$22,369,098$14,427,979$45,522,792
82$99,728,929$23,354,323$14,800,455$49,231,958
83$109,786,927$24,384,332$15,181,917$53,283,335
84$120,867,239$25,461,209$15,572,557$57,710,346
85$133,074,026$26,587,137$15,972,566$62,549,758
86$146,522,074$27,764,404$16,382,144$67,842,022
87$161,337,868$28,995,403$16,801,489$73,631,645
88$177,660,796$30,282,643$17,230,805$79,967,599
89$195,644,457$31,628,752$17,670,296$86,903,774
90$215,458,112$33,036,481$18,120,171$94,499,480
91$237,288,284$34,508,713$18,580,641$102,819,989
92$261,340,517$36,048,469$19,051,921$111,937,146
93$287,841,316$37,658,910$19,534,227$121,930,031
94$317,040,285$39,343,351$20,027,778$132,885,695
95$349,212,482$41,105,263$20,532,796$144,899,968
96$384,661,017$42,948,282$21,049,507$158,078,351
97$423,719,911$44,876,219$21,578,136$172,536,994
98$466,757,252$46,893,064$22,118,914$188,403,783
99$514,178,666$49,002,998$22,672,071$205,819,526
100$566,431,148$51,210,403$23,237,844$224,939,270