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%13.2%
1 years$627,601$622,011$616,556$611,233$606,035$597,966
2 years$310,694$304,907$299,299$293,862$288,588$280,472
3 years$205,072$199,260$193,666$188,280$183,092$175,181
4 years$152,271$146,477$140,940$135,645$130,583$122,937
5 years$120,599$114,840$109,375$104,189$99,267$91,909
6 years$99,491$93,775$88,391$83,320$78,547$71,486
7 years$84,420$78,753$73,453$68,502$63,879$57,118
8 years$73,122$67,505$62,294$57,465$52,994$46,531
9 years$64,339$58,776$53,654$48,947$44,629$38,461
10 years$57,317$51,808$46,777$42,193$38,026$32,150
11 years$51,575$46,121$41,182$36,721$32,704$27,113
12 years$46,794$41,396$36,548$32,209$28,340$23,029
13 years$42,751$37,410$32,653$28,436$24,713$19,674
14 years$39,289$34,005$29,339$25,242$21,663$16,889
15 years$36,291$31,064$26,489$22,511$19,074$14,557
16 years$33,671$28,501$24,016$20,157$16,858$12,588
17 years$31,361$26,248$21,854$18,110$14,947$10,918
18 years$29,310$24,254$19,950$16,321$13,290$9,491
19 years$27,477$22,479$18,263$14,748$11,846$8,269
20 years$25,830$20,888$16,761$13,357$10,581$7,216
21 years$24,341$19,457$15,417$12,122$9,469$6,308
22 years$22,990$18,162$14,209$11,022$8,488$5,521
23 years$21,758$16,987$13,119$10,038$7,619$4,837
24 years$20,630$15,915$12,133$9,155$6,848$4,243
25 years$19,594$14,936$11,238$8,361$6,162$3,725
26 years$18,639$14,037$10,422$7,645$5,551$3,273
27 years$17,757$13,211$9,678$6,997$5,004$2,877
28 years$16,939$12,448$8,997$6,411$4,516$2,531
29 years$16,179$11,744$8,373$5,879$4,077$2,227
30 years$15,470$11,091$7,799$5,396$3,684$1,961
31 years$14,809$10,484$7,271$4,955$3,331$1,727
32 years$14,190$9,920$6,784$4,554$3,013$1,522
33 years$13,610$9,395$6,334$4,188$2,727$1,342
34 years$13,066$8,904$5,918$3,853$2,469$1,183
35 years$12,553$8,445$5,533$3,547$2,236$1,043
36 years$12,071$8,016$5,176$3,267$2,026$920
37 years$11,615$7,613$4,845$3,010$1,836$812
38 years$11,184$7,235$4,537$2,774$1,665$716
39 years$10,777$6,880$4,250$2,558$1,510$632
40 years$10,390$6,546$3,984$2,359$1,369$558
41 years$10,024$6,231$3,736$2,177$1,242$492
42 years$9,676$5,934$3,504$2,009$1,127$435
43 years$9,345$5,654$3,288$1,855$1,023$384
44 years$9,030$5,389$3,087$1,712$929$339
45 years$8,730$5,139$2,898$1,581$843$299
46 years$8,443$4,903$2,722$1,461$765$264
47 years$8,170$4,679$2,557$1,350$695$233
48 years$7,909$4,466$2,403$1,247$631$206
49 years$7,659$4,265$2,259$1,153$573$182
50 years$7,420$4,074$2,124$1,065$521$161

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 $3,925 every year, while hoping to spend $52,949 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: 47/34/19 Blend
54$7,600,000$7,600,000$7,600,000$7,600,000
55$8,379,249$7,976,449$7,858,649$8,727,704
56$9,177,595$8,310,957$8,065,576$9,305,424
57$10,055,597$8,660,082$8,277,661$9,926,468
58$11,021,326$9,024,484$8,495,020$10,599,436
59$12,083,670$9,404,853$8,717,773$11,329,204
60$13,252,426$9,801,912$8,946,040$12,121,127
61$14,538,387$10,216,419$9,179,945$12,981,088
62$15,953,442$10,649,164$9,419,613$13,915,555
63$17,510,696$11,100,975$9,665,173$14,931,633
64$19,224,585$11,572,721$9,916,754$16,037,136
65$21,111,016$12,065,308$10,174,489$17,240,651
66$23,187,517$12,579,685$10,438,512$18,551,623
67$25,473,402$13,116,847$10,708,959$19,980,437
68$27,989,950$13,677,834$10,985,971$21,538,512
69$30,760,612$14,263,735$11,269,688$23,238,411
70$33,811,225$14,875,689$11,560,253$25,093,950
71$37,170,261$15,514,889$11,857,813$27,120,331
72$40,869,093$16,182,584$12,162,515$29,334,278
73$44,942,291$16,880,081$12,474,510$31,754,191
74$49,427,949$17,608,749$12,793,950$34,400,319
75$54,368,043$18,370,020$13,120,990$37,294,946
76$59,808,826$19,165,395$13,455,786$40,462,593
77$65,801,270$19,996,443$13,798,499$43,930,252
78$72,401,540$20,864,808$14,149,288$47,727,631
79$79,671,526$21,772,213$14,508,319$51,887,433
80$87,679,429$22,720,459$14,875,755$56,445,656
81$96,500,402$23,711,433$15,251,764$61,441,932
82$106,217,262$24,747,111$15,636,516$66,919,892
83$116,921,266$25,829,564$16,030,183$72,927,576
84$128,712,979$26,960,956$16,432,938$79,517,876
85$141,703,217$28,143,557$16,844,956$86,749,033
86$156,014,098$29,379,744$17,266,415$94,685,178
87$171,780,188$30,672,004$17,697,492$103,396,932
88$189,149,779$32,022,943$18,138,369$112,962,066
89$208,286,280$33,435,291$18,589,228$123,466,226
90$229,369,765$34,911,905$19,050,252$135,003,735
91$252,598,672$36,455,780$19,521,627$147,678,477
92$278,191,674$38,070,050$20,003,538$161,604,865
93$306,389,741$39,757,999$20,496,173$176,908,916
94$337,458,420$41,523,066$20,999,721$193,729,433
95$371,690,338$43,368,856$21,514,370$212,219,300
96$409,407,963$45,299,140$22,040,312$232,546,921
97$450,966,650$47,317,872$22,577,737$254,897,795
98$496,757,994$49,429,194$23,126,837$279,476,261
99$547,213,526$51,637,441$23,687,803$306,507,410
100$602,808,789$53,947,159$24,260,827$336,239,204