Can I retire at age 55 with 7,500,000?

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 $7,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$619,343$613,826$608,444$603,190$598,061$588,637
2 years$306,605$300,895$295,361$289,995$284,791$275,322
3 years$202,373$196,638$191,118$185,803$180,683$171,462
4 years$150,267$144,550$139,085$133,860$128,865$119,964
5 years$119,012$113,329$107,936$102,818$97,961$89,405
6 years$98,182$92,542$87,228$82,224$77,513$69,312
7 years$83,309$77,716$72,487$67,601$63,039$55,196
8 years$72,160$66,617$61,475$56,709$52,297$44,810
9 years$63,492$58,002$52,948$48,303$44,041$36,908
10 years$56,562$51,126$46,161$41,638$37,526$30,738
11 years$50,896$45,515$40,640$36,237$32,273$25,826
12 years$46,178$40,851$36,067$31,785$27,967$21,852
13 years$42,189$36,918$32,223$28,062$24,388$18,595
14 years$38,772$33,557$28,953$24,910$21,378$15,899
15 years$35,814$30,655$26,140$22,215$18,823$13,647
16 years$33,228$28,126$23,700$19,891$16,636$11,753
17 years$30,948$25,903$21,566$17,872$14,751$10,149
18 years$28,925$23,935$19,687$16,106$13,116$8,785
19 years$27,116$22,183$18,023$14,554$11,690$7,620
20 years$25,490$20,613$16,540$13,181$10,442$6,621
21 years$24,021$19,201$15,214$11,963$9,344$5,761
22 years$22,687$17,923$14,022$10,877$8,376$5,019
23 years$21,471$16,763$12,947$9,906$7,519$4,378
24 years$20,358$15,706$11,974$9,035$6,758$3,822
25 years$19,336$14,739$11,090$8,251$6,081$3,339
26 years$18,394$13,852$10,285$7,544$5,478$2,920
27 years$17,523$13,037$9,551$6,905$4,939$2,555
28 years$16,716$12,284$8,879$6,327$4,456$2,236
29 years$15,966$11,589$8,262$5,802$4,024$1,959
30 years$15,267$10,945$7,696$5,325$3,636$1,716
31 years$14,614$10,346$7,175$4,890$3,287$1,504
32 years$14,004$9,790$6,694$4,494$2,973$1,319
33 years$13,431$9,271$6,251$4,133$2,691$1,157
34 years$12,894$8,787$5,840$3,803$2,436$1,015
35 years$12,388$8,334$5,460$3,500$2,207$890
36 years$11,912$7,910$5,108$3,224$1,999$781
37 years$11,462$7,513$4,781$2,970$1,812$686
38 years$11,037$7,140$4,477$2,738$1,643$602
39 years$10,635$6,789$4,194$2,524$1,490$528
40 years$10,254$6,460$3,931$2,328$1,351$464
41 years$9,892$6,149$3,686$2,148$1,226$407
42 years$9,549$5,856$3,458$1,983$1,112$358
43 years$9,222$5,580$3,245$1,830$1,010$314
44 years$8,911$5,319$3,046$1,690$916$276
45 years$8,615$5,072$2,860$1,561$832$242
46 years$8,332$4,838$2,686$1,442$755$213
47 years$8,063$4,617$2,524$1,332$686$187
48 years$7,805$4,408$2,372$1,231$623$164
49 years$7,558$4,209$2,229$1,137$566$144
50 years$7,323$4,021$2,096$1,051$514$127

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $7,500,000, adding $2,697 every year, while hoping to spend $56,861 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: 52/19/29 Blend
54$7,500,000$7,500,000$7,500,000$7,500,000
55$8,267,782$7,870,282$7,754,032$8,630,195
56$9,050,596$8,195,426$7,953,292$9,207,865
57$9,911,351$8,534,597$8,157,322$9,830,000
58$10,857,938$8,888,421$8,366,221$10,505,705
59$11,899,049$9,257,554$8,580,091$11,240,121
60$13,044,262$9,642,684$8,799,034$12,038,905
61$14,304,128$10,044,528$9,023,153$12,908,278
62$15,690,276$10,463,836$9,252,556$13,855,084
63$17,215,515$10,901,396$9,487,347$14,886,854
64$18,893,961$11,358,027$9,727,637$16,011,870
65$20,741,166$11,834,592$9,973,534$17,239,252
66$22,774,267$12,331,988$10,225,149$18,579,030
67$25,012,145$12,851,159$10,482,594$20,042,247
68$27,475,607$13,393,088$10,745,984$21,641,056
69$30,187,576$13,958,806$11,015,431$23,388,833
70$33,173,314$14,549,393$11,291,054$25,300,304
71$36,460,655$15,165,977$11,572,967$27,391,679
72$40,080,271$15,809,739$11,861,291$29,680,805
73$44,065,957$16,481,914$12,156,142$32,187,331
74$48,454,954$17,183,798$12,457,643$34,932,892
75$53,288,299$17,916,743$12,765,913$37,941,308
76$58,611,209$18,682,168$13,081,075$41,238,812
77$64,473,513$19,481,554$13,403,251$44,854,288
78$70,930,116$20,316,455$13,732,565$48,819,548
79$78,041,523$21,188,496$14,069,141$53,169,623
80$85,874,403$22,099,378$14,413,102$57,943,096
81$94,502,226$23,050,881$14,764,575$63,182,458
82$104,005,949$24,044,870$15,123,684$68,934,512
83$114,474,783$25,083,296$15,490,555$75,250,806
84$126,007,036$26,168,202$15,865,313$82,188,118
85$138,711,036$27,301,727$16,248,084$89,808,991
86$152,706,161$28,486,110$16,638,993$98,182,316
87$168,123,955$29,723,695$17,038,166$107,383,978
88$185,109,380$31,016,938$17,445,726$117,497,573
89$203,822,178$32,368,409$17,861,798$128,615,190
90$224,438,377$33,780,798$18,286,506$140,838,274
91$247,151,958$35,256,924$18,719,971$154,278,581
92$272,176,682$36,799,737$19,162,314$169,059,230
93$299,748,107$38,412,328$19,613,655$185,315,858
94$330,125,814$40,097,932$20,074,112$203,197,896
95$363,595,854$41,859,938$20,543,802$222,869,972
96$400,473,450$43,701,894$21,022,838$244,513,465
97$441,105,972$45,627,516$21,511,333$268,328,205
98$485,876,214$47,640,698$22,009,396$294,534,359
99$535,206,010$49,745,514$22,517,133$323,374,498
100$589,560,214$51,946,235$23,034,647$355,115,884