Can I retire at age 55 with 7,600,000?

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 $7,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$627,601$622,011$616,556$611,233$606,035$602,215
2 years$310,694$304,907$299,299$293,862$288,588$284,735
3 years$205,072$199,260$193,666$188,280$183,092$179,325
4 years$152,271$146,477$140,940$135,645$130,583$126,931
5 years$120,599$114,840$109,375$104,189$99,267$95,741
6 years$99,491$93,775$88,391$83,320$78,547$75,151
7 years$84,420$78,753$73,453$68,502$63,879$60,616
8 years$73,122$67,505$62,294$57,465$52,994$49,863
9 years$64,339$58,776$53,654$48,947$44,629$41,629
10 years$57,317$51,808$46,777$42,193$38,026$35,156
11 years$51,575$46,121$41,182$36,721$32,704$29,961
12 years$46,794$41,396$36,548$32,209$28,340$25,723
13 years$42,751$37,410$32,653$28,436$24,713$22,219
14 years$39,289$34,005$29,339$25,242$21,663$19,289
15 years$36,291$31,064$26,489$22,511$19,074$16,816
16 years$33,671$28,501$24,016$20,157$16,858$14,714
17 years$31,361$26,248$21,854$18,110$14,947$12,913
18 years$29,310$24,254$19,950$16,321$13,290$11,363
19 years$27,477$22,479$18,263$14,748$11,846$10,021
20 years$25,830$20,888$16,761$13,357$10,581$8,855
21 years$24,341$19,457$15,417$12,122$9,469$7,839
22 years$22,990$18,162$14,209$11,022$8,488$6,949
23 years$21,758$16,987$13,119$10,038$7,619$6,169
24 years$20,630$15,915$12,133$9,155$6,848$5,482
25 years$19,594$14,936$11,238$8,361$6,162$4,877
26 years$18,639$14,037$10,422$7,645$5,551$4,342
27 years$17,757$13,211$9,678$6,997$5,004$3,869
28 years$16,939$12,448$8,997$6,411$4,516$3,450
29 years$16,179$11,744$8,373$5,879$4,077$3,079
30 years$15,470$11,091$7,799$5,396$3,684$2,749
31 years$14,809$10,484$7,271$4,955$3,331$2,455
32 years$14,190$9,920$6,784$4,554$3,013$2,194
33 years$13,610$9,395$6,334$4,188$2,727$1,961
34 years$13,066$8,904$5,918$3,853$2,469$1,754
35 years$12,553$8,445$5,533$3,547$2,236$1,569
36 years$12,071$8,016$5,176$3,267$2,026$1,404
37 years$11,615$7,613$4,845$3,010$1,836$1,256
38 years$11,184$7,235$4,537$2,774$1,665$1,125
39 years$10,777$6,880$4,250$2,558$1,510$1,007
40 years$10,390$6,546$3,984$2,359$1,369$902
41 years$10,024$6,231$3,736$2,177$1,242$808
42 years$9,676$5,934$3,504$2,009$1,127$723
43 years$9,345$5,654$3,288$1,855$1,023$648
44 years$9,030$5,389$3,087$1,712$929$581
45 years$8,730$5,139$2,898$1,581$843$520
46 years$8,443$4,903$2,722$1,461$765$466
47 years$8,170$4,679$2,557$1,350$695$418
48 years$7,909$4,466$2,403$1,247$631$375
49 years$7,659$4,265$2,259$1,153$573$336
50 years$7,420$4,074$2,124$1,065$521$301

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $7,600,000, adding $4,925 every year, while hoping to spend $22,213 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: 46/40/14 Blend
54$7,600,000$7,600,000$7,600,000$7,600,000
55$8,380,280$7,977,480$7,859,680$8,732,338
56$9,211,434$8,344,742$8,099,345$9,344,491
57$10,126,622$8,729,256$8,346,294$10,005,544
58$11,134,390$9,131,842$8,600,748$10,722,199
59$12,244,159$9,553,364$8,862,934$11,499,625
60$13,466,307$9,994,722$9,133,086$12,343,497
61$14,812,271$10,456,865$9,411,446$13,260,044
62$16,294,655$10,940,783$9,698,261$14,256,108
63$17,927,345$11,447,516$9,993,788$15,339,200
64$19,725,644$11,978,154$10,298,290$16,517,573
65$21,706,415$12,533,840$10,612,038$17,800,296
66$23,888,241$13,115,770$10,935,313$19,197,330
67$26,291,598$13,725,199$11,268,402$20,719,623
68$28,939,051$14,363,443$11,611,603$22,379,209
69$31,855,463$15,031,881$11,965,221$24,189,315
70$35,068,235$15,731,958$12,329,571$26,164,483
71$38,607,561$16,465,189$12,704,977$28,320,701
72$42,506,712$17,233,164$13,091,774$30,675,551
73$46,802,354$18,037,546$13,490,306$33,248,368
74$51,534,890$18,880,082$13,900,927$36,060,416
75$56,748,844$19,762,601$14,324,003$39,135,085
76$62,493,279$20,687,021$14,759,910$42,498,108
77$68,822,262$21,655,354$15,209,036$46,177,791
78$75,795,374$22,669,707$15,671,779$50,205,279
79$83,478,269$23,732,290$16,148,551$54,614,842
80$91,943,301$24,845,421$16,639,776$59,444,189
81$101,270,199$26,011,528$17,145,890$64,734,820
82$111,546,824$27,233,157$17,667,342$70,532,406
83$122,869,997$28,512,979$18,204,595$76,887,216
84$135,346,414$29,853,792$18,758,126$83,854,580
85$149,093,652$31,258,531$19,328,426$91,495,401
86$164,241,277$32,730,272$19,916,002$99,876,724
87$180,932,072$34,272,241$20,521,373$109,072,358
88$199,323,382$35,887,819$21,145,077$119,163,559
89$219,588,597$37,580,552$21,787,667$130,239,792
90$241,918,791$39,354,156$22,449,712$142,399,558
91$266,524,529$41,212,531$23,131,798$155,751,315
92$293,637,847$43,159,761$23,834,529$170,414,492
93$323,514,450$45,200,132$24,558,529$186,520,596
94$356,436,122$47,338,136$25,304,437$204,214,449
95$392,713,384$49,578,483$26,072,914$223,655,531
96$432,688,432$51,926,111$26,864,639$245,019,480
97$476,738,360$54,386,199$27,680,313$268,499,725
98$525,278,726$56,964,176$28,520,656$294,309,305
99$578,767,471$59,665,735$29,386,413$322,682,855
100$637,709,242$62,496,845$30,278,347$353,878,807