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%18.8%
1 years$627,601$622,011$616,556$611,233$606,035$584,532
2 years$310,694$304,907$299,299$293,862$288,588$267,154
3 years$205,072$199,260$193,666$188,280$183,092$162,400
4 years$152,271$146,477$140,940$135,645$130,583$110,790
5 years$120,599$114,840$109,375$104,189$99,267$80,426
6 years$99,491$93,775$88,391$83,320$78,547$60,672
7 years$84,420$78,753$73,453$68,502$63,879$46,967
8 years$73,122$67,505$62,294$57,465$52,994$37,030
9 years$64,339$58,776$53,654$48,947$44,629$29,592
10 years$57,317$51,808$46,777$42,193$38,026$23,891
11 years$51,575$46,121$41,182$36,721$32,704$19,442
12 years$46,794$41,396$36,548$32,209$28,340$15,919
13 years$42,751$37,410$32,653$28,436$24,713$13,100
14 years$39,289$34,005$29,339$25,242$21,663$10,823
15 years$36,291$31,064$26,489$22,511$19,074$8,970
16 years$33,671$28,501$24,016$20,157$16,858$7,454
17 years$31,361$26,248$21,854$18,110$14,947$6,208
18 years$29,310$24,254$19,950$16,321$13,290$5,179
19 years$27,477$22,479$18,263$14,748$11,846$4,327
20 years$25,830$20,888$16,761$13,357$10,581$3,620
21 years$24,341$19,457$15,417$12,122$9,469$3,031
22 years$22,990$18,162$14,209$11,022$8,488$2,541
23 years$21,758$16,987$13,119$10,038$7,619$2,131
24 years$20,630$15,915$12,133$9,155$6,848$1,788
25 years$19,594$14,936$11,238$8,361$6,162$1,501
26 years$18,639$14,037$10,422$7,645$5,551$1,261
27 years$17,757$13,211$9,678$6,997$5,004$1,059
28 years$16,939$12,448$8,997$6,411$4,516$890
29 years$16,179$11,744$8,373$5,879$4,077$749
30 years$15,470$11,091$7,799$5,396$3,684$629
31 years$14,809$10,484$7,271$4,955$3,331$529
32 years$14,190$9,920$6,784$4,554$3,013$445
33 years$13,610$9,395$6,334$4,188$2,727$375
34 years$13,066$8,904$5,918$3,853$2,469$315
35 years$12,553$8,445$5,533$3,547$2,236$265
36 years$12,071$8,016$5,176$3,267$2,026$223
37 years$11,615$7,613$4,845$3,010$1,836$188
38 years$11,184$7,235$4,537$2,774$1,665$158
39 years$10,777$6,880$4,250$2,558$1,510$133
40 years$10,390$6,546$3,984$2,359$1,369$112
41 years$10,024$6,231$3,736$2,177$1,242$94
42 years$9,676$5,934$3,504$2,009$1,127$79
43 years$9,345$5,654$3,288$1,855$1,023$67
44 years$9,030$5,389$3,087$1,712$929$56
45 years$8,730$5,139$2,898$1,581$843$47
46 years$8,443$4,903$2,722$1,461$765$40
47 years$8,170$4,679$2,557$1,350$695$33
48 years$7,909$4,466$2,403$1,247$631$28
49 years$7,659$4,265$2,259$1,153$573$24
50 years$7,420$4,074$2,124$1,065$521$20

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 $4,803 every year, while hoping to spend $38,611 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: 74/9/17 Blend
54$7,600,000$7,600,000$7,600,000$7,600,000
55$8,380,154$7,977,354$7,859,554$8,967,451
56$9,193,848$8,327,163$8,081,768$9,707,009
57$10,089,245$8,692,818$8,310,131$10,511,942
58$11,074,637$9,075,055$8,544,810$11,392,942
59$12,159,162$9,474,645$8,785,973$12,357,565
60$13,352,889$9,892,395$9,033,795$13,414,128
61$14,666,911$10,329,150$9,288,455$14,571,788
62$16,113,452$10,785,794$9,550,134$15,840,630
63$17,705,981$11,263,255$9,819,021$17,231,759
64$19,459,341$11,762,504$10,095,307$18,757,402
65$21,389,884$12,284,558$10,379,191$20,431,028
66$23,515,633$12,830,481$10,670,874$22,267,468
67$25,856,443$13,401,390$10,970,564$24,283,056
68$28,434,195$13,998,454$11,278,473$26,495,784
69$31,273,001$14,622,896$11,594,819$28,925,468
70$34,399,428$15,275,999$11,919,827$31,593,935
71$37,842,753$15,959,106$12,253,725$34,525,225
72$41,635,237$16,673,625$12,596,747$37,745,821
73$45,812,428$17,421,030$12,949,135$41,284,894
74$50,413,501$18,202,865$13,311,136$45,174,579
75$55,481,621$19,020,749$13,683,002$49,450,275
76$61,064,357$19,876,376$14,064,993$54,150,977
77$67,214,125$20,771,522$14,457,375$59,319,647
78$73,988,688$21,708,049$14,860,419$65,003,610
79$81,451,696$22,687,905$15,274,405$71,255,006
80$89,673,290$23,713,133$15,699,618$78,131,277
81$98,730,763$24,785,874$16,136,352$85,695,708
82$108,709,287$25,908,368$16,584,907$94,018,019
83$119,702,723$27,082,967$17,045,590$103,175,028
84$131,814,500$28,312,131$17,518,716$113,251,366
85$145,158,594$29,598,441$18,004,608$124,340,281
86$159,860,604$30,944,598$18,503,596$136,544,509
87$176,058,939$32,353,436$19,016,019$149,977,247
88$193,906,118$33,827,922$19,542,224$164,763,212
89$213,570,219$35,371,167$20,082,565$181,039,825
90$235,236,457$36,986,430$20,637,407$198,958,497
91$259,108,937$38,677,127$21,207,121$218,686,059
92$285,412,578$40,446,835$21,792,089$240,406,334
93$314,395,238$42,299,307$22,392,701$264,321,869
94$346,330,053$44,238,473$23,009,357$290,655,840
95$381,518,013$46,268,454$23,642,466$319,654,162
96$420,290,808$48,393,565$24,292,446$351,587,802
97$463,013,953$50,618,333$24,959,725$386,755,334
98$510,090,244$52,947,499$25,644,744$425,485,753
99$561,963,556$55,386,034$26,347,950$468,141,581
100$619,123,035$57,939,146$27,069,803$515,122,279