Can I retire at age 55 with 8,200,000?

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 $8,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$677,148$671,117$665,232$659,488$653,880$629,928
2 years$335,222$328,979$322,928$317,062$311,371$287,507
3 years$221,261$214,991$208,956$203,144$197,547$174,520
4 years$164,292$158,041$152,066$146,354$140,892$118,879
5 years$130,120$123,906$118,010$112,414$107,104$86,162
6 years$107,345$101,179$95,369$89,898$84,748$64,892
7 years$91,085$84,970$79,252$73,910$68,922$50,148
8 years$78,894$72,835$67,212$62,002$57,178$39,467
9 years$69,418$63,416$57,890$52,812$48,152$31,482
10 years$61,842$55,898$50,470$45,524$41,028$25,369
11 years$55,647$49,763$44,433$39,620$35,285$20,604
12 years$50,488$44,664$39,433$34,752$30,578$16,837
13 years$46,126$40,363$35,231$30,681$26,664$13,827
14 years$42,391$36,689$31,655$27,235$23,374$11,399
15 years$39,156$33,516$28,580$24,289$20,580$9,428
16 years$36,329$30,751$25,912$21,748$18,189$7,818
17 years$33,837$28,320$23,579$19,540$16,127$6,496
18 years$31,624$26,169$21,525$17,610$14,340$5,408
19 years$29,647$24,253$19,705$15,912$12,781$4,508
20 years$27,869$22,537$18,084$14,411$11,416$3,762
21 years$26,263$20,993$16,634$13,079$10,216$3,143
22 years$24,805$19,596$15,331$11,892$9,158$2,628
23 years$23,475$18,328$14,155$10,830$8,220$2,199
24 years$22,259$17,172$13,091$9,878$7,389$1,841
25 years$21,141$16,115$12,125$9,021$6,649$1,542
26 years$20,111$15,145$11,245$8,248$5,989$1,292
27 years$19,159$14,254$10,442$7,550$5,400$1,083
28 years$18,276$13,431$9,707$6,917$4,872$908
29 years$17,456$12,671$9,034$6,343$4,399$761
30 years$16,692$11,966$8,414$5,822$3,975$639
31 years$15,978$11,312$7,845$5,347$3,594$536
32 years$15,311$10,703$7,319$4,914$3,251$450
33 years$14,685$10,136$6,834$4,519$2,942$377
34 years$14,097$9,607$6,385$4,157$2,664$317
35 years$13,544$9,112$5,970$3,827$2,413$266
36 years$13,023$8,649$5,585$3,525$2,186$223
37 years$12,532$8,214$5,227$3,248$1,981$187
38 years$12,067$7,806$4,895$2,993$1,796$157
39 years$11,627$7,423$4,586$2,760$1,629$132
40 years$11,211$7,062$4,298$2,546$1,477$111
41 years$10,815$6,723$4,031$2,349$1,340$93
42 years$10,440$6,403$3,781$2,168$1,216$78
43 years$10,083$6,100$3,548$2,001$1,104$66
44 years$9,743$5,815$3,330$1,848$1,002$55
45 years$9,419$5,545$3,127$1,706$910$46
46 years$9,110$5,290$2,937$1,576$826$39
47 years$8,815$5,048$2,759$1,456$750$33
48 years$8,533$4,819$2,593$1,346$681$27
49 years$8,264$4,602$2,437$1,244$619$23
50 years$8,006$4,396$2,291$1,149$562$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $8,200,000, adding $6,827 every year, while hoping to spend $48,329 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: 47/24/29 Blend
54$8,200,000$8,200,000$8,200,000$8,200,000
55$9,043,442$8,608,842$8,481,742$9,392,939
56$9,914,451$8,979,254$8,714,459$10,011,131
57$10,872,684$9,366,196$8,953,352$10,676,567
58$11,926,986$9,770,427$9,198,577$11,398,015
59$13,087,102$10,192,742$9,450,293$12,180,771
60$14,363,773$10,633,973$9,708,665$13,030,655
61$15,768,831$11,094,991$9,973,858$13,954,066
62$17,315,313$11,576,706$10,246,043$14,958,037
63$19,017,585$12,080,075$10,525,396$16,050,302
64$20,891,477$12,606,097$10,812,095$17,239,364
65$22,954,429$13,155,817$11,106,322$18,534,576
66$25,225,662$13,730,333$11,408,264$19,946,223
67$27,726,351$14,330,791$11,718,113$21,485,621
68$30,479,832$14,958,393$12,036,063$23,165,217
69$33,511,819$15,614,398$12,362,314$24,998,705
70$36,850,643$16,300,123$12,697,071$27,001,154
71$40,527,528$17,016,947$13,040,541$29,189,144
72$44,576,875$17,766,317$13,392,939$31,580,922
73$49,036,595$18,549,746$13,754,481$34,196,570
74$53,948,462$19,368,818$14,125,391$37,058,190
75$59,358,509$20,225,194$14,505,896$40,190,110
76$65,317,461$21,120,612$14,896,227$43,619,111
77$71,881,214$22,056,894$15,296,623$47,374,673
78$79,111,363$23,035,947$15,707,325$51,489,252
79$87,075,783$24,059,769$16,128,581$55,998,580
80$95,849,268$25,130,453$16,560,643$60,942,000
81$105,514,238$26,250,190$17,003,770$66,362,828
82$116,161,519$27,421,278$17,458,224$72,308,764
83$127,891,194$28,646,121$17,924,275$78,832,333
84$140,813,554$29,927,239$18,402,197$85,991,374
85$155,050,134$31,267,271$18,892,268$93,849,585
86$170,734,864$32,668,984$19,394,775$102,477,115
87$188,015,329$34,135,273$19,910,010$111,951,220
88$207,054,166$35,669,175$20,438,268$122,356,991
89$228,030,594$37,273,867$20,979,853$133,788,144
90$251,142,110$38,952,682$21,535,073$146,347,902
91$276,606,350$40,709,109$22,104,244$160,149,960
92$304,663,148$42,546,805$22,687,686$175,319,556
93$335,576,792$44,469,601$23,285,726$191,994,637
94$369,638,524$46,481,511$23,898,697$210,327,160
95$407,169,290$48,586,741$24,526,940$230,484,516
96$448,522,764$50,789,698$25,170,799$252,651,102
97$494,088,692$53,095,000$25,830,627$277,030,051
98$544,296,568$55,507,484$26,506,782$303,845,140
99$599,619,688$58,032,221$27,199,629$333,342,895
100$660,579,620$60,674,524$27,909,541$365,794,906