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%16.6%
1 years$627,601$622,011$616,556$611,233$606,035$589,710
2 years$310,694$304,907$299,299$293,862$288,588$272,258
3 years$205,072$199,260$193,666$188,280$183,092$167,267
4 years$152,271$146,477$140,940$135,645$130,583$115,385
5 years$120,599$114,840$109,375$104,189$99,267$84,738
6 years$99,491$93,775$88,391$83,320$78,547$64,701
7 years$84,420$78,753$73,453$68,502$63,879$50,717
8 years$73,122$67,505$62,294$57,465$52,994$40,509
9 years$64,339$58,776$53,654$48,947$44,629$32,809
10 years$57,317$51,808$46,777$42,193$38,026$26,856
11 years$51,575$46,121$41,182$36,721$32,704$22,167
12 years$46,794$41,396$36,548$32,209$28,340$18,418
13 years$42,751$37,410$32,653$28,436$24,713$15,383
14 years$39,289$34,005$29,339$25,242$21,663$12,905
15 years$36,291$31,064$26,489$22,511$19,074$10,864
16 years$33,671$28,501$24,016$20,157$16,858$9,172
17 years$31,361$26,248$21,854$18,110$14,947$7,763
18 years$29,310$24,254$19,950$16,321$13,290$6,583
19 years$27,477$22,479$18,263$14,748$11,846$5,592
20 years$25,830$20,888$16,761$13,357$10,581$4,758
21 years$24,341$19,457$15,417$12,122$9,469$4,052
22 years$22,990$18,162$14,209$11,022$8,488$3,455
23 years$21,758$16,987$13,119$10,038$7,619$2,948
24 years$20,630$15,915$12,133$9,155$6,848$2,518
25 years$19,594$14,936$11,238$8,361$6,162$2,151
26 years$18,639$14,037$10,422$7,645$5,551$1,839
27 years$17,757$13,211$9,678$6,997$5,004$1,573
28 years$16,939$12,448$8,997$6,411$4,516$1,346
29 years$16,179$11,744$8,373$5,879$4,077$1,152
30 years$15,470$11,091$7,799$5,396$3,684$987
31 years$14,809$10,484$7,271$4,955$3,331$845
32 years$14,190$9,920$6,784$4,554$3,013$724
33 years$13,610$9,395$6,334$4,188$2,727$620
34 years$13,066$8,904$5,918$3,853$2,469$531
35 years$12,553$8,445$5,533$3,547$2,236$455
36 years$12,071$8,016$5,176$3,267$2,026$390
37 years$11,615$7,613$4,845$3,010$1,836$334
38 years$11,184$7,235$4,537$2,774$1,665$287
39 years$10,777$6,880$4,250$2,558$1,510$246
40 years$10,390$6,546$3,984$2,359$1,369$211
41 years$10,024$6,231$3,736$2,177$1,242$181
42 years$9,676$5,934$3,504$2,009$1,127$155
43 years$9,345$5,654$3,288$1,855$1,023$133
44 years$9,030$5,389$3,087$1,712$929$114
45 years$8,730$5,139$2,898$1,581$843$98
46 years$8,443$4,903$2,722$1,461$765$84
47 years$8,170$4,679$2,557$1,350$695$72
48 years$7,909$4,466$2,403$1,247$631$62
49 years$7,659$4,265$2,259$1,153$573$53
50 years$7,420$4,074$2,124$1,065$521$45

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 $6,151 every year, while hoping to spend $52,261 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: 53/21/26 Blend
54$7,600,000$7,600,000$7,600,000$7,600,000
55$8,381,545$7,978,745$7,860,945$8,764,814
56$9,180,857$8,314,098$8,068,681$9,365,882
57$10,059,948$8,664,132$8,281,625$10,013,781
58$11,026,899$9,029,511$8,499,896$10,717,811
59$12,090,615$9,410,930$8,723,615$11,483,360
60$13,260,908$9,809,115$8,952,907$12,316,351
61$14,548,588$10,224,830$9,187,896$13,223,300
62$15,965,566$10,658,868$9,428,713$14,211,374
63$17,524,966$11,112,065$9,675,487$15,288,456
64$19,241,249$11,585,292$9,928,352$16,463,222
65$21,130,348$12,079,463$10,187,443$17,745,214
66$23,209,819$12,595,532$10,452,898$19,144,935
67$25,499,007$13,134,501$10,724,857$20,673,940
68$28,019,230$13,697,415$11,003,464$22,344,950
69$30,793,973$14,285,370$11,288,862$24,171,962
70$33,849,119$14,899,514$11,581,200$26,170,386
71$37,213,187$15,541,047$11,880,627$28,357,183
72$40,917,599$16,211,226$12,187,296$30,751,025
73$44,996,985$16,911,367$12,501,361$33,372,468
74$49,489,501$17,642,847$12,822,980$36,244,144
75$54,437,192$18,407,109$13,152,312$39,390,970
76$59,886,391$19,205,662$13,489,519$42,840,383
77$65,888,150$20,040,087$13,834,765$46,622,596
78$72,498,730$20,912,040$14,188,218$50,770,875
79$79,780,123$21,823,253$14,550,046$55,321,857
80$87,800,644$22,775,540$14,920,421$60,315,886
81$96,635,571$23,770,803$15,299,516$65,797,396
82$106,367,857$24,811,030$15,687,508$71,815,322
83$117,088,913$25,898,306$16,084,575$78,423,560
84$128,899,471$27,034,811$16,490,896$85,681,473
85$141,910,531$28,222,830$16,906,655$93,654,445
86$156,244,413$29,464,758$17,332,036$102,414,496
87$172,035,910$30,763,098$17,767,227$112,040,953
88$189,433,559$32,120,476$18,212,415$122,621,202
89$208,601,043$33,539,640$18,667,791$134,251,500
90$229,718,736$35,023,468$19,133,549$147,037,882
91$252,985,405$36,574,977$19,609,881$161,097,157
92$278,620,089$38,197,323$20,096,984$176,558,006
93$306,864,161$39,893,814$20,595,056$193,562,186
94$337,983,610$41,667,916$21,104,295$212,265,869
95$372,271,551$43,523,257$21,624,902$232,841,105
96$410,050,990$45,463,638$22,157,078$255,477,441
97$451,677,877$47,493,041$22,701,025$280,383,704
98$497,544,459$49,615,639$23,256,948$307,789,965
99$548,082,988$51,835,800$23,825,050$337,949,704
100$603,769,801$54,158,102$24,405,538$371,142,192