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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.4%
1 years$668,890$662,932$657,119$651,446$645,905$636,779
2 years$331,134$324,967$318,990$313,195$307,574$298,397
3 years$218,563$212,369$206,408$200,667$195,138$186,195
4 years$162,289$156,114$150,212$144,569$139,174$130,535
5 years$128,533$122,395$116,571$111,043$105,798$97,487
6 years$106,036$99,945$94,206$88,802$83,714$75,742
7 years$89,974$83,934$78,286$73,009$68,082$60,451
8 years$77,932$71,947$66,393$61,245$56,481$49,190
9 years$68,572$62,642$57,184$52,168$47,565$40,611
10 years$61,087$55,216$49,854$44,969$40,528$33,905
11 years$54,968$49,156$43,891$39,136$34,855$28,558
12 years$49,872$44,120$38,952$34,328$30,205$24,225
13 years$45,564$39,871$34,801$30,306$26,339$20,669
14 years$41,874$36,242$31,269$26,903$23,089$17,720
15 years$38,679$33,108$28,232$23,992$20,329$15,252
16 years$35,886$30,376$25,596$21,483$17,967$13,171
17 years$33,424$27,975$23,291$19,302$15,931$11,407
18 years$31,239$25,850$21,262$17,395$14,165$9,902
19 years$29,285$23,957$19,464$15,718$12,625$8,614
20 years$27,529$22,262$17,863$14,236$11,277$7,507
21 years$25,943$20,737$16,431$12,920$10,092$6,552
22 years$24,502$19,357$15,144$11,747$9,046$5,725
23 years$23,189$18,104$13,983$10,698$8,120$5,009
24 years$21,987$16,962$12,931$9,757$7,299$4,387
25 years$20,883$15,918$11,977$8,911$6,568$3,845
26 years$19,866$14,961$11,108$8,148$5,916$3,373
27 years$18,925$14,080$10,315$7,458$5,334$2,960
28 years$18,053$13,267$9,589$6,833$4,813$2,600
29 years$17,243$12,516$8,923$6,266$4,346$2,284
30 years$16,488$11,820$8,312$5,751$3,927$2,008
31 years$15,783$11,174$7,749$5,281$3,550$1,766
32 years$15,124$10,573$7,230$4,854$3,211$1,554
33 years$14,506$10,013$6,751$4,463$2,906$1,367
34 years$13,925$9,490$6,307$4,107$2,631$1,203
35 years$13,379$9,001$5,897$3,781$2,383$1,059
36 years$12,865$8,543$5,516$3,482$2,159$933
37 years$12,379$8,114$5,163$3,208$1,957$821
38 years$11,920$7,711$4,835$2,957$1,774$724
39 years$11,486$7,333$4,530$2,726$1,609$637
40 years$11,074$6,976$4,246$2,515$1,459$562
41 years$10,683$6,641$3,981$2,320$1,324$495
42 years$10,312$6,325$3,735$2,141$1,201$436
43 years$9,960$6,026$3,504$1,977$1,090$384
44 years$9,624$5,744$3,290$1,825$990$339
45 years$9,304$5,477$3,089$1,685$898$299
46 years$8,999$5,225$2,901$1,557$816$263
47 years$8,708$4,987$2,726$1,438$741$232
48 years$8,429$4,760$2,561$1,329$673$205
49 years$8,163$4,546$2,407$1,228$611$180
50 years$7,908$4,342$2,263$1,135$555$159

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 $6,157 every year, while hoping to spend $33,813 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: 67/5/28 Blend
54$8,100,000$8,100,000$8,100,000$8,100,000
55$8,932,551$8,503,251$8,377,701$9,465,085
56$9,807,694$8,883,933$8,622,377$10,205,403
57$10,770,969$9,282,136$8,874,117$11,010,452
58$11,831,329$9,698,682$9,133,121$11,890,251
59$12,998,640$10,134,432$9,399,595$12,852,187
60$14,283,772$10,590,291$9,673,753$13,904,397
61$15,698,706$11,067,204$9,955,813$15,055,838
62$17,256,639$11,566,162$10,245,997$16,316,373
63$18,972,116$12,088,204$10,544,538$17,696,861
64$20,861,164$12,634,418$10,851,672$19,209,260
65$22,941,442$13,205,944$11,167,643$20,866,742
66$25,232,411$13,803,977$11,492,701$22,683,808
67$27,755,513$14,429,768$11,827,102$24,676,430
68$30,534,377$15,084,629$12,171,112$26,862,202
69$33,595,042$15,769,933$12,525,002$29,260,498
70$36,966,198$16,487,122$12,889,052$31,892,658
71$40,679,462$17,237,703$13,263,547$34,782,190
72$44,769,675$18,023,258$13,648,784$37,954,985
73$49,275,229$18,845,445$14,045,065$41,439,563
74$54,238,428$19,705,998$14,452,701$45,267,344
75$59,705,894$20,606,737$14,872,012$49,472,935
76$65,728,998$21,549,571$15,303,328$54,094,464
77$72,364,352$22,536,495$15,746,985$59,173,929
78$79,674,338$23,569,606$16,203,331$64,757,603
79$87,727,700$24,651,096$16,672,722$70,896,459
80$96,600,193$25,783,267$17,155,526$77,646,656
81$106,375,294$26,968,529$17,652,118$85,070,067
82$117,144,995$28,209,408$18,162,885$93,234,855
83$129,010,667$29,508,552$18,688,224$102,216,121
84$142,084,020$30,868,735$19,228,544$112,096,610
85$156,488,154$32,292,867$19,784,264$122,967,485
86$172,358,724$33,783,996$20,355,815$134,929,189
87$189,845,218$35,345,316$20,943,639$148,092,394
88$209,112,371$36,980,177$21,548,192$162,579,035
89$230,341,716$38,692,089$22,169,939$178,523,466
90$253,733,300$40,484,731$22,809,362$196,073,721
91$279,507,574$42,361,959$23,466,952$215,392,913
92$307,907,467$44,327,816$24,143,216$236,660,766
93$339,200,689$46,386,539$24,838,674$260,075,312
94$373,682,248$48,542,569$25,553,859$285,854,757
95$411,677,245$50,800,562$26,289,320$314,239,538
96$453,543,932$53,165,398$27,045,621$345,494,586
97$499,677,103$55,642,192$27,823,339$379,911,830
98$550,511,816$58,236,308$28,623,069$417,812,943
99$606,527,500$60,953,366$29,445,421$459,552,379
100$668,252,484$63,799,260$30,291,021$505,520,715