Can I retire at age 55 with 8,100,000?

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 $8,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$668,890$662,932$657,119$651,446$645,905$639,160
2 years$331,134$324,967$318,990$313,195$307,574$300,781
3 years$218,563$212,369$206,408$200,667$195,138$188,508
4 years$162,289$156,114$150,212$144,569$139,174$132,759
5 years$128,533$122,395$116,571$111,043$105,798$99,616
6 years$106,036$99,945$94,206$88,802$83,714$77,773
7 years$89,974$83,934$78,286$73,009$68,082$62,384
8 years$77,932$71,947$66,393$61,245$56,481$51,026
9 years$68,572$62,642$57,184$52,168$47,565$42,351
10 years$61,087$55,216$49,854$44,969$40,528$35,551
11 years$54,968$49,156$43,891$39,136$34,855$30,112
12 years$49,872$44,120$38,952$34,328$30,205$25,691
13 years$45,564$39,871$34,801$30,306$26,339$22,048
14 years$41,874$36,242$31,269$26,903$23,089$19,015
15 years$38,679$33,108$28,232$23,992$20,329$16,467
16 years$35,886$30,376$25,596$21,483$17,967$14,310
17 years$33,424$27,975$23,291$19,302$15,931$12,472
18 years$31,239$25,850$21,262$17,395$14,165$10,897
19 years$29,285$23,957$19,464$15,718$12,625$9,542
20 years$27,529$22,262$17,863$14,236$11,277$8,370
21 years$25,943$20,737$16,431$12,920$10,092$7,355
22 years$24,502$19,357$15,144$11,747$9,046$6,471
23 years$23,189$18,104$13,983$10,698$8,120$5,701
24 years$21,987$16,962$12,931$9,757$7,299$5,028
25 years$20,883$15,918$11,977$8,911$6,568$4,438
26 years$19,866$14,961$11,108$8,148$5,916$3,921
27 years$18,925$14,080$10,315$7,458$5,334$3,466
28 years$18,053$13,267$9,589$6,833$4,813$3,066
29 years$17,243$12,516$8,923$6,266$4,346$2,714
30 years$16,488$11,820$8,312$5,751$3,927$2,403
31 years$15,783$11,174$7,749$5,281$3,550$2,129
32 years$15,124$10,573$7,230$4,854$3,211$1,887
33 years$14,506$10,013$6,751$4,463$2,906$1,673
34 years$13,925$9,490$6,307$4,107$2,631$1,484
35 years$13,379$9,001$5,897$3,781$2,383$1,316
36 years$12,865$8,543$5,516$3,482$2,159$1,168
37 years$12,379$8,114$5,163$3,208$1,957$1,036
38 years$11,920$7,711$4,835$2,957$1,774$920
39 years$11,486$7,333$4,530$2,726$1,609$817
40 years$11,074$6,976$4,246$2,515$1,459$725
41 years$10,683$6,641$3,981$2,320$1,324$644
42 years$10,312$6,325$3,735$2,141$1,201$572
43 years$9,960$6,026$3,504$1,977$1,090$508
44 years$9,624$5,744$3,290$1,825$990$451
45 years$9,304$5,477$3,089$1,685$898$401
46 years$8,999$5,225$2,901$1,557$816$356
47 years$8,708$4,987$2,726$1,438$741$316
48 years$8,429$4,760$2,561$1,329$673$281
49 years$8,163$4,546$2,407$1,228$611$250
50 years$7,908$4,342$2,263$1,135$555$222

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $8,100,000, adding $6,978 every year, while hoping to spend $44,892 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: 40/32/28 Blend
54$8,100,000$8,100,000$8,100,000$8,100,000
55$8,933,398$8,504,098$8,378,548$9,216,607
56$9,796,840$8,873,034$8,611,464$9,792,078
57$10,746,848$9,258,543$8,850,679$10,409,573
58$11,792,205$9,661,390$9,096,356$11,076,790
59$12,942,588$10,082,376$9,348,661$11,798,313
60$14,208,658$10,522,339$9,607,768$12,579,173
61$15,602,165$10,982,157$9,873,851$13,424,893
62$17,136,052$11,462,749$10,147,092$14,341,542
63$18,824,583$11,965,078$10,427,673$15,335,782
64$20,683,475$12,490,151$10,715,785$16,414,935
65$22,730,046$13,039,025$11,011,620$17,587,045
66$24,983,377$13,612,804$11,315,376$18,860,952
67$27,464,497$14,212,647$11,627,257$20,246,372
68$30,196,575$14,839,766$11,947,469$21,753,986
69$33,205,142$15,495,431$12,276,226$23,395,535
70$36,518,331$16,180,971$12,613,744$25,183,930
71$40,167,143$16,897,781$12,960,246$27,133,369
72$44,185,738$17,647,318$13,315,960$29,259,464
73$48,611,757$18,431,111$13,681,119$31,579,390
74$53,486,682$19,250,761$14,055,962$34,112,037
75$58,856,220$20,107,945$14,440,733$36,878,187
76$64,770,738$21,004,418$14,835,682$39,900,703
77$71,285,740$21,942,020$15,241,063$43,204,744
78$78,462,385$22,922,680$15,657,139$46,817,991
79$86,368,072$23,948,415$16,084,177$50,770,909
80$95,077,069$25,021,340$16,522,450$55,097,024
81$104,671,215$26,143,671$16,972,238$59,833,236
82$115,240,698$27,317,730$17,433,826$65,020,162
83$126,884,898$28,545,948$17,907,508$70,702,509
84$139,713,331$29,830,872$18,393,583$76,929,495
85$153,846,678$31,175,172$18,892,355$83,755,300
86$169,417,928$32,581,644$19,404,138$91,239,575
87$186,573,630$34,053,219$19,929,250$99,447,995
88$205,475,279$35,592,965$20,468,019$108,452,871
89$226,300,837$37,204,100$21,020,777$118,333,827
90$249,246,415$38,889,993$21,587,865$129,178,539
91$274,528,122$40,654,176$22,169,632$141,083,553
92$302,384,110$42,500,349$22,766,434$154,155,191
93$333,076,812$44,432,390$23,378,633$168,510,542
94$366,895,430$46,454,360$24,006,600$184,278,558
95$404,158,658$48,570,518$24,650,715$201,601,257
96$445,217,692$50,785,324$25,311,365$220,635,056
97$490,459,545$53,103,454$25,988,944$241,552,235
98$540,310,701$55,529,805$26,683,856$264,542,549
99$595,241,140$58,069,513$27,396,513$289,815,009
100$655,768,774$60,727,957$28,127,334$317,599,837