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%12.6%
1 years$668,890$662,932$657,119$651,446$645,905$638,894
2 years$331,134$324,967$318,990$313,195$307,574$300,515
3 years$218,563$212,369$206,408$200,667$195,138$188,249
4 years$162,289$156,114$150,212$144,569$139,174$132,509
5 years$128,533$122,395$116,571$111,043$105,798$99,377
6 years$106,036$99,945$94,206$88,802$83,714$77,544
7 years$89,974$83,934$78,286$73,009$68,082$62,166
8 years$77,932$71,947$66,393$61,245$56,481$50,818
9 years$68,572$62,642$57,184$52,168$47,565$42,154
10 years$61,087$55,216$49,854$44,969$40,528$35,365
11 years$54,968$49,156$43,891$39,136$34,855$29,936
12 years$49,872$44,120$38,952$34,328$30,205$25,524
13 years$45,564$39,871$34,801$30,306$26,339$21,891
14 years$41,874$36,242$31,269$26,903$23,089$18,867
15 years$38,679$33,108$28,232$23,992$20,329$16,328
16 years$35,886$30,376$25,596$21,483$17,967$14,179
17 years$33,424$27,975$23,291$19,302$15,931$12,349
18 years$31,239$25,850$21,262$17,395$14,165$10,782
19 years$29,285$23,957$19,464$15,718$12,625$9,434
20 years$27,529$22,262$17,863$14,236$11,277$8,270
21 years$25,943$20,737$16,431$12,920$10,092$7,261
22 years$24,502$19,357$15,144$11,747$9,046$6,384
23 years$23,189$18,104$13,983$10,698$8,120$5,620
24 years$21,987$16,962$12,931$9,757$7,299$4,952
25 years$20,883$15,918$11,977$8,911$6,568$4,368
26 years$19,866$14,961$11,108$8,148$5,916$3,856
27 years$18,925$14,080$10,315$7,458$5,334$3,406
28 years$18,053$13,267$9,589$6,833$4,813$3,011
29 years$17,243$12,516$8,923$6,266$4,346$2,663
30 years$16,488$11,820$8,312$5,751$3,927$2,356
31 years$15,783$11,174$7,749$5,281$3,550$2,086
32 years$15,124$10,573$7,230$4,854$3,211$1,847
33 years$14,506$10,013$6,751$4,463$2,906$1,636
34 years$13,925$9,490$6,307$4,107$2,631$1,450
35 years$13,379$9,001$5,897$3,781$2,383$1,285
36 years$12,865$8,543$5,516$3,482$2,159$1,139
37 years$12,379$8,114$5,163$3,208$1,957$1,010
38 years$11,920$7,711$4,835$2,957$1,774$896
39 years$11,486$7,333$4,530$2,726$1,609$794
40 years$11,074$6,976$4,246$2,515$1,459$705
41 years$10,683$6,641$3,981$2,320$1,324$625
42 years$10,312$6,325$3,735$2,141$1,201$555
43 years$9,960$6,026$3,504$1,977$1,090$492
44 years$9,624$5,744$3,290$1,825$990$437
45 years$9,304$5,477$3,089$1,685$898$388
46 years$8,999$5,225$2,901$1,557$816$344
47 years$8,708$4,987$2,726$1,438$741$306
48 years$8,429$4,760$2,561$1,329$673$271
49 years$8,163$4,546$2,407$1,228$611$241
50 years$7,908$4,342$2,263$1,135$555$214

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 $5,549 every year, while hoping to spend $43,376 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: 42/28/30 Blend
54$8,100,000$8,100,000$8,100,000$8,100,000
55$8,931,924$8,502,624$8,377,074$9,228,373
56$9,796,828$8,873,101$8,611,554$9,813,658
57$10,748,499$9,260,277$8,852,436$10,442,633
58$11,795,741$9,664,926$9,099,887$11,123,014
59$12,948,255$10,087,855$9,354,081$11,859,582
60$14,216,729$10,529,912$9,615,196$12,657,589
61$15,612,943$10,991,985$9,883,412$13,522,802
62$17,149,872$11,475,001$10,158,915$14,461,559
63$18,841,817$11,979,934$10,441,897$15,480,822
64$20,704,534$12,507,803$10,732,552$16,588,246
65$22,755,385$13,059,674$11,031,081$17,792,240
66$25,013,501$13,636,665$11,337,689$19,102,052
67$27,499,962$14,239,946$11,652,586$20,527,848
68$30,237,998$14,870,742$11,975,987$22,080,804
69$33,253,204$15,530,339$12,308,113$23,773,215
70$36,573,785$16,220,080$12,649,189$25,618,600
71$40,230,822$16,941,374$12,999,447$27,631,828
72$44,258,561$17,695,697$13,359,124$29,829,258
73$48,694,742$18,484,594$13,728,462$32,228,887
74$53,580,950$19,309,683$14,107,710$34,850,515
75$58,963,011$20,172,662$14,497,122$37,715,929
76$64,891,421$21,075,305$14,896,959$40,849,102
77$71,421,826$22,019,475$15,307,487$44,276,421
78$78,615,543$23,007,121$15,728,980$48,026,922
79$86,540,144$24,040,285$16,161,716$52,132,566
80$95,270,087$25,121,108$16,605,982$56,628,535
81$104,887,424$26,251,830$17,062,070$61,553,553
82$115,482,573$27,434,801$17,530,281$66,950,253
83$127,155,171$28,672,482$18,010,921$72,865,569
84$140,015,015$29,967,451$18,504,304$79,351,175
85$154,183,099$31,322,408$19,010,750$86,463,963
86$169,792,754$32,740,185$19,530,589$94,266,579
87$186,990,908$34,223,746$20,064,156$102,828,002
88$205,939,470$35,776,200$20,611,796$112,224,191
89$226,816,865$37,400,802$21,173,859$122,538,791
90$249,819,707$39,100,964$21,750,706$133,863,919
91$275,164,667$40,880,261$22,342,704$146,301,022
92$303,090,508$42,742,438$22,950,230$159,961,828
93$333,860,345$44,691,423$23,573,667$174,969,387
94$367,764,125$46,731,328$24,213,410$191,459,231
95$405,121,367$48,866,464$24,869,860$209,580,636
96$446,284,174$51,101,348$25,543,428$229,498,024
97$491,640,561$53,440,715$26,234,535$251,392,505
98$541,618,115$55,889,527$26,943,608$275,463,575
99$596,688,030$58,452,982$27,671,087$301,930,984
100$657,369,561$61,136,530$28,417,420$331,036,803