Can I retire at age 55 with 7,700,000?

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 $7,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$635,859$630,195$624,669$619,275$614,009$603,093
2 years$314,782$308,919$303,237$297,729$292,385$281,424
3 years$207,770$201,882$196,215$190,758$185,501$174,837
4 years$154,274$148,405$142,794$137,430$132,301$122,016
5 years$122,186$116,351$110,814$105,559$100,573$90,697
6 years$100,800$95,009$89,554$84,417$79,580$70,124
7 years$85,531$79,789$74,420$69,404$64,720$55,686
8 years$74,084$68,394$63,114$58,221$53,691$45,078
9 years$65,185$59,549$54,360$49,591$45,216$37,017
10 years$58,071$52,490$47,392$42,748$38,526$30,736
11 years$52,254$46,728$41,723$37,204$33,134$25,742
12 years$47,409$41,941$37,029$32,633$28,713$21,711
13 years$43,314$37,902$33,083$28,810$25,038$18,415
14 years$39,806$34,452$29,725$25,574$21,948$15,692
15 years$36,769$31,473$26,838$22,808$19,325$13,423
16 years$34,114$28,876$24,332$20,422$17,080$11,519
17 years$31,774$26,593$22,141$18,349$15,144$9,913
18 years$29,696$24,573$20,212$16,536$13,465$8,549
19 years$27,839$22,774$18,503$14,942$12,002$7,388
20 years$26,170$21,163$16,981$13,533$10,720$6,395
21 years$24,662$19,713$15,620$12,282$9,594$5,544
22 years$23,292$18,401$14,396$11,167$8,599$4,812
23 years$22,044$17,210$13,292$10,170$7,719$4,180
24 years$20,901$16,125$12,293$9,275$6,938$3,635
25 years$19,852$15,132$11,386$8,471$6,243$3,164
26 years$18,885$14,222$10,560$7,745$5,624$2,755
27 years$17,990$13,384$9,806$7,090$5,070$2,401
28 years$17,162$12,612$9,116$6,496$4,575$2,093
29 years$16,391$11,898$8,483$5,957$4,131$1,826
30 years$15,674$11,236$7,901$5,467$3,733$1,593
31 years$15,004$10,622$7,366$5,021$3,375$1,391
32 years$14,377$10,051$6,873$4,614$3,053$1,214
33 years$13,790$9,518$6,417$4,243$2,763$1,060
34 years$13,238$9,021$5,996$3,904$2,501$926
35 years$12,719$8,556$5,606$3,594$2,266$809
36 years$12,229$8,121$5,244$3,310$2,053$707
37 years$11,768$7,713$4,908$3,050$1,860$618
38 years$11,331$7,330$4,596$2,811$1,687$540
39 years$10,918$6,970$4,306$2,592$1,529$472
40 years$10,527$6,632$4,036$2,391$1,387$413
41 years$10,156$6,313$3,785$2,206$1,259$361
42 years$9,803$6,012$3,550$2,035$1,142$316
43 years$9,468$5,728$3,331$1,879$1,036$276
44 years$9,149$5,460$3,127$1,735$941$241
45 years$8,845$5,207$2,936$1,602$854$211
46 years$8,554$4,967$2,758$1,480$775$185
47 years$8,278$4,740$2,591$1,367$704$162
48 years$8,013$4,525$2,435$1,263$639$141
49 years$7,760$4,321$2,289$1,168$581$124
50 years$7,518$4,128$2,152$1,079$528$108

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $7,700,000, adding $3,267 every year, while hoping to spend $45,752 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: 27/44/29 Blend
54$7,700,000$7,700,000$7,700,000$7,700,000
55$8,488,770$8,080,670$7,961,320$8,641,391
56$9,305,945$8,427,943$8,179,344$9,113,227
57$10,204,938$8,790,699$8,403,139$9,615,312
58$11,194,047$9,169,648$8,632,849$10,153,460
59$12,282,413$9,565,535$8,868,623$10,730,779
60$13,480,110$9,979,136$9,110,613$11,350,671
61$14,798,236$10,411,269$9,358,973$12,016,860
62$16,249,020$10,862,785$9,613,863$12,733,428
63$17,845,937$11,334,579$9,875,444$13,504,844
64$19,603,834$11,827,585$10,143,883$14,336,008
65$21,539,072$12,342,783$10,419,350$15,232,291
66$23,669,676$12,881,199$10,702,018$16,199,581
67$26,015,512$13,443,906$10,992,064$17,244,338
68$28,598,466$14,032,029$11,289,670$18,373,648
69$31,442,656$14,646,745$11,595,020$19,595,286
70$34,574,659$15,289,288$11,908,305$20,917,785
71$38,023,759$15,960,948$12,229,719$22,350,513
72$41,822,225$16,663,077$12,559,457$23,903,755
73$46,005,616$17,397,092$12,897,723$25,588,805
74$50,613,116$18,164,476$13,244,723$27,418,068
75$55,687,900$18,966,782$13,600,668$29,405,171
76$61,277,548$19,805,637$13,965,773$31,565,087
77$67,434,489$20,682,744$14,340,258$33,914,267
78$74,216,497$21,599,888$14,724,346$36,470,793
79$81,687,236$22,558,939$15,118,268$39,254,539
80$89,916,861$23,561,854$15,522,257$42,287,352
81$98,982,680$24,610,684$15,936,551$45,593,254
82$108,969,882$25,707,577$16,361,395$49,198,656
83$119,972,345$26,854,783$16,797,037$53,132,604
84$132,093,517$28,054,659$17,243,730$57,427,041
85$145,447,394$29,309,676$17,701,733$62,117,104
86$160,159,596$30,622,418$18,171,309$67,241,443
87$176,368,556$31,995,597$18,652,729$72,842,579
88$194,226,818$33,432,052$19,146,265$78,967,292
89$213,902,487$34,934,755$19,652,198$85,667,058
90$235,580,807$36,506,824$20,170,813$92,998,516
91$259,465,913$38,151,523$20,702,399$101,024,001
92$285,782,760$39,872,271$21,247,253$109,812,113
93$314,779,242$41,672,653$21,805,677$119,438,354
94$346,728,535$43,556,423$22,377,977$129,985,830
95$381,931,672$45,527,515$22,964,466$141,546,022
96$420,720,390$47,590,050$23,565,463$154,219,630
97$463,460,255$49,748,348$24,181,291$168,117,518
98$510,554,117$52,006,933$24,812,280$183,361,737
99$562,445,912$54,370,547$25,458,767$200,086,665
100$619,624,851$56,844,161$26,121,092$218,440,259