Can I retire at age 55 with 8,000,000?

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 $8,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$660,633$654,748$649,007$643,403$637,931$633,115
2 years$327,046$320,955$315,052$309,328$303,777$298,921
3 years$215,865$209,748$203,859$198,190$192,728$187,984
4 years$160,285$154,187$148,357$142,785$137,456$132,858
5 years$126,946$120,884$115,131$109,672$104,492$100,055
6 years$104,727$98,711$93,043$87,706$82,681$78,411
7 years$88,863$82,897$77,319$72,108$67,241$63,141
8 years$76,970$71,058$65,573$60,489$55,783$51,851
9 years$67,725$61,869$56,478$51,524$46,978$43,213
10 years$60,333$54,535$49,239$44,414$40,027$36,428
11 years$54,289$48,549$43,349$38,653$34,425$30,988
12 years$49,256$43,575$38,471$33,904$29,832$26,555
13 years$45,001$39,379$34,371$29,932$26,014$22,893
14 years$41,357$35,794$30,883$26,571$22,804$19,836
15 years$38,201$32,699$27,883$23,696$20,078$17,258
16 years$35,443$30,001$25,280$21,217$17,745$15,069
17 years$33,012$27,629$23,004$19,064$15,734$13,198
18 years$30,853$25,531$21,000$17,180$13,990$11,589
19 years$28,924$23,662$19,224$15,524$12,470$10,199
20 years$27,189$21,988$17,643$14,060$11,138$8,993
21 years$25,622$20,481$16,228$12,760$9,967$7,943
22 years$24,200$19,118$14,957$11,602$8,934$7,026
23 years$22,903$17,881$13,810$10,566$8,020$6,222
24 years$21,716$16,753$12,772$9,637$7,208$5,517
25 years$20,625$15,722$11,829$8,801$6,487$4,897
26 years$19,620$14,776$10,971$8,047$5,843$4,350
27 years$18,691$13,906$10,188$7,366$5,268$3,867
28 years$17,830$13,103$9,471$6,749$4,753$3,440
29 years$17,030$12,362$8,813$6,189$4,292$3,062
30 years$16,285$11,674$8,209$5,680$3,878$2,727
31 years$15,589$11,036$7,653$5,216$3,506$2,430
32 years$14,937$10,442$7,141$4,794$3,172$2,166
33 years$14,327$9,889$6,667$4,408$2,870$1,931
34 years$13,753$9,373$6,229$4,056$2,599$1,723
35 years$13,214$8,890$5,824$3,734$2,354$1,537
36 years$12,706$8,438$5,448$3,439$2,133$1,372
37 years$12,226$8,014$5,100$3,168$1,933$1,225
38 years$11,773$7,616$4,775$2,920$1,752$1,094
39 years$11,344$7,242$4,474$2,693$1,589$977
40 years$10,937$6,890$4,194$2,484$1,441$872
41 years$10,552$6,559$3,932$2,291$1,308$779
42 years$10,185$6,246$3,689$2,115$1,187$696
43 years$9,837$5,952$3,461$1,952$1,077$622
44 years$9,505$5,673$3,249$1,803$977$556
45 years$9,189$5,410$3,051$1,665$887$497
46 years$8,888$5,161$2,865$1,538$806$444
47 years$8,600$4,925$2,692$1,421$732$397
48 years$8,325$4,702$2,530$1,313$664$355
49 years$8,062$4,490$2,378$1,213$603$317
50 years$7,811$4,289$2,235$1,121$548$284

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $8,000,000, adding $2,522 every year, while hoping to spend $47,090 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: 59/21/20 Blend
54$8,000,000$8,000,000$8,000,000$8,000,000
55$8,818,601$8,394,601$8,270,601$9,292,258
56$9,667,995$8,755,834$8,497,563$9,975,073
57$10,602,449$9,133,188$8,730,550$10,714,043
58$11,630,589$9,527,404$8,969,714$11,518,922
59$12,761,921$9,939,258$9,215,210$12,396,092
60$14,006,916$10,369,561$9,467,199$13,352,574
61$15,377,113$10,819,162$9,725,842$14,396,091
62$16,885,228$11,288,950$9,991,307$15,535,141
63$18,545,270$11,779,857$10,263,764$16,779,072
64$20,372,674$12,292,857$10,543,388$18,138,172
65$22,384,452$12,828,971$10,830,356$19,623,763
66$24,599,344$13,389,269$11,124,851$21,248,303
67$27,038,003$13,974,869$11,427,059$23,025,504
68$29,723,186$14,586,944$11,737,172$24,970,462
69$32,679,967$15,226,721$12,055,383$27,099,789
70$35,935,978$15,895,484$12,381,893$29,431,776
71$39,521,665$16,594,581$12,716,904$31,986,557
72$43,470,580$17,325,420$13,060,625$34,786,300
73$47,819,691$18,089,478$13,413,269$37,855,411
74$52,609,738$18,888,301$13,775,052$41,220,764
75$57,885,612$19,723,508$14,146,196$44,911,947
76$63,696,779$20,596,795$14,526,929$48,961,546
77$70,097,751$21,509,938$14,917,482$53,405,440
78$77,148,595$22,464,799$15,318,091$58,283,143
79$84,915,503$23,463,325$15,728,997$63,638,172
80$93,471,414$24,507,558$16,150,449$69,518,451
81$102,896,707$25,599,636$16,582,697$75,976,763
82$113,279,951$26,741,799$17,025,998$83,071,243
83$124,718,752$27,936,393$17,480,615$90,865,922
84$137,320,665$29,185,876$17,946,815$99,431,327
85$151,204,211$30,492,822$18,424,872$108,845,143
86$166,499,999$31,859,929$18,915,064$119,192,941
87$183,351,957$33,290,023$19,417,676$130,568,980
88$201,918,685$34,786,063$19,932,997$143,077,094
89$222,374,963$36,351,152$20,461,324$156,831,664
90$244,913,388$37,988,538$21,002,958$171,958,692
91$269,746,203$39,701,625$21,558,206$188,596,987
92$297,107,292$41,493,981$22,127,382$206,899,467
93$327,254,391$43,369,342$22,710,805$227,034,597
94$360,471,523$45,331,623$23,308,800$249,187,971
95$397,071,673$47,384,928$23,921,700$273,564,062
96$437,399,748$49,533,554$24,549,842$300,388,136
97$481,835,830$51,782,006$25,193,569$329,908,379
98$530,798,764$54,135,003$25,853,233$362,398,228
99$584,750,111$56,597,491$26,529,189$398,158,944
100$644,198,506$59,174,652$27,221,801$437,522,449