Can I retire at age 55 with 7,400,000?

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 $7,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$611,085$605,642$600,331$595,148$590,086$577,464
2 years$302,517$296,883$291,423$286,129$280,994$268,338
3 years$199,675$194,016$188,570$183,325$178,274$165,981
4 years$148,264$142,623$137,231$132,076$127,146$115,310
5 years$117,425$111,818$106,497$101,447$96,655$85,308
6 years$96,873$91,308$86,065$81,128$76,480$65,636
7 years$82,198$76,680$71,520$66,700$62,198$51,859
8 years$71,197$65,729$60,655$55,953$51,600$41,761
9 years$62,646$57,229$52,242$47,659$43,454$34,109
10 years$55,808$50,444$45,546$41,083$37,025$28,165
11 years$50,218$44,908$40,098$35,754$31,843$23,456
12 years$45,562$40,307$35,586$31,361$27,594$19,667
13 years$41,626$36,426$31,794$27,687$24,063$16,582
14 years$38,255$33,110$28,567$24,578$21,093$14,044
15 years$35,336$30,246$25,792$21,919$18,572$11,939
16 years$32,785$27,751$23,384$19,626$16,414$10,181
17 years$30,536$25,557$21,279$17,634$14,554$8,704
18 years$28,539$23,616$19,425$15,892$12,941$7,458
19 years$26,754$21,887$17,782$14,360$11,534$6,402
20 years$25,150$20,339$16,320$13,005$10,303$5,505
21 years$23,701$18,945$15,011$11,803$9,220$4,739
22 years$22,385$17,684$13,835$10,732$8,264$4,085
23 years$21,185$16,540$12,774$9,774$7,418$3,524
24 years$20,087$15,496$11,814$8,914$6,668$3,043
25 years$19,078$14,543$10,942$8,141$6,000$2,630
26 years$18,149$13,668$10,148$7,444$5,405$2,274
27 years$17,289$12,863$9,423$6,813$4,873$1,967
28 years$16,493$12,121$8,760$6,242$4,397$1,702
29 years$15,753$11,434$8,152$5,724$3,970$1,474
30 years$15,063$10,799$7,594$5,254$3,587$1,277
31 years$14,419$10,208$7,079$4,825$3,243$1,106
32 years$13,817$9,659$6,605$4,434$2,934$959
33 years$13,252$9,147$6,167$4,078$2,655$831
34 years$12,722$8,670$5,762$3,752$2,404$720
35 years$12,223$8,223$5,387$3,454$2,177$625
36 years$11,753$7,805$5,040$3,181$1,973$542
37 years$11,309$7,413$4,717$2,931$1,788$470
38 years$10,890$7,045$4,417$2,701$1,621$408
39 years$10,493$6,699$4,139$2,491$1,470$354
40 years$10,117$6,373$3,879$2,297$1,333$307
41 years$9,760$6,067$3,637$2,120$1,210$266
42 years$9,421$5,778$3,412$1,956$1,098$231
43 years$9,099$5,505$3,202$1,806$996$200
44 years$8,792$5,248$3,005$1,667$904$174
45 years$8,500$5,004$2,822$1,540$821$151
46 years$8,221$4,774$2,650$1,422$745$131
47 years$7,955$4,556$2,490$1,314$677$114
48 years$7,701$4,349$2,340$1,214$615$99
49 years$7,458$4,153$2,199$1,122$558$86
50 years$7,225$3,967$2,068$1,037$507$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $7,400,000, adding $5,128 every year, while hoping to spend $50,943 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: 46/28/26 Blend
54$7,400,000$7,400,000$7,400,000$7,400,000
55$8,160,090$7,767,890$7,653,190$8,474,219
56$8,938,216$8,094,313$7,855,368$9,022,997
57$9,794,003$8,435,024$8,062,613$9,612,694
58$10,735,320$8,790,669$8,275,039$10,251,529
59$11,770,835$9,161,923$8,492,765$10,944,128
60$12,910,098$9,549,496$8,715,910$11,695,572
61$14,163,633$9,954,126$8,944,598$12,511,447
62$15,543,035$10,376,589$9,178,953$13,397,891
63$17,061,079$10,817,697$9,419,103$14,361,654
64$18,731,842$11,278,297$9,665,176$15,410,154
65$20,570,835$11,759,279$9,917,305$16,551,551
66$22,595,148$12,261,572$10,175,622$17,794,819
67$24,823,613$12,786,148$10,440,265$19,149,824
68$27,276,980$13,334,028$10,711,372$20,627,424
69$29,978,112$13,906,276$10,989,084$22,239,559
70$32,952,205$14,504,009$11,273,544$23,999,366
71$36,227,020$15,128,395$11,564,898$25,921,303
72$39,833,148$15,780,658$11,863,293$28,021,274
73$43,804,295$16,462,077$12,168,880$30,316,783
74$48,177,608$17,173,993$12,481,812$32,827,095
75$52,994,014$17,917,809$12,802,243$35,573,411
76$58,298,615$18,694,994$13,130,330$38,579,068
77$64,141,112$19,507,086$13,466,234$41,869,755
78$70,576,268$20,355,695$13,810,115$45,473,749
79$77,664,432$21,242,509$14,162,139$49,422,183
80$85,472,104$22,169,292$14,522,471$53,749,329
81$94,072,565$23,137,894$14,891,279$58,492,924
82$103,546,565$24,150,250$15,268,736$63,694,517
83$113,983,089$25,208,386$15,655,013$69,399,858
84$125,480,194$26,314,427$16,050,286$75,659,324
85$138,145,935$27,470,596$16,454,732$82,528,392
86$152,099,385$28,679,219$16,868,530$90,068,154
87$167,471,757$29,942,736$17,291,861$98,345,891
88$184,407,646$31,263,699$17,724,907$107,435,698
89$203,066,389$32,644,783$18,167,855$117,419,184
90$223,623,572$34,088,789$18,620,890$128,386,230
91$246,272,687$35,598,651$19,084,200$140,435,832
92$271,226,957$37,177,440$19,557,976$153,677,031
93$298,721,347$38,828,375$20,042,409$168,229,933
94$329,014,786$40,554,827$20,537,691$184,226,837
95$362,392,607$42,360,327$21,044,017$201,813,474
96$399,169,244$44,248,573$21,561,582$221,150,374
97$439,691,193$46,223,440$22,090,582$242,414,375
98$484,340,292$48,288,986$22,631,214$265,800,284
99$533,537,319$50,449,463$23,183,676$291,522,703
100$587,745,962$52,709,324$23,748,166$319,818,049