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%15.7%
1 years$677,148$671,117$665,232$659,488$653,880$638,591
2 years$335,222$328,979$322,928$317,062$311,371$296,055
3 years$221,261$214,991$208,956$203,144$197,547$182,682
4 years$164,292$158,041$152,066$146,354$140,892$126,592
5 years$130,120$123,906$118,010$112,414$107,104$93,410
6 years$107,345$101,179$95,369$89,898$84,748$71,673
7 years$91,085$84,970$79,252$73,910$68,922$56,469
8 years$78,894$72,835$67,212$62,002$57,178$45,341
9 years$69,418$63,416$57,890$52,812$48,152$36,923
10 years$61,842$55,898$50,470$45,524$41,028$30,394
11 years$55,647$49,763$44,433$39,620$35,285$25,232
12 years$50,488$44,664$39,433$34,752$30,578$21,088
13 years$46,126$40,363$35,231$30,681$26,664$17,720
14 years$42,391$36,689$31,655$27,235$23,374$14,957
15 years$39,156$33,516$28,580$24,289$20,580$12,671
16 years$36,329$30,751$25,912$21,748$18,189$10,767
17 years$33,837$28,320$23,579$19,540$16,127$9,172
18 years$31,624$26,169$21,525$17,610$14,340$7,830
19 years$29,647$24,253$19,705$15,912$12,781$6,697
20 years$27,869$22,537$18,084$14,411$11,416$5,736
21 years$26,263$20,993$16,634$13,079$10,216$4,920
22 years$24,805$19,596$15,331$11,892$9,158$4,224
23 years$23,475$18,328$14,155$10,830$8,220$3,630
24 years$22,259$17,172$13,091$9,878$7,389$3,122
25 years$21,141$16,115$12,125$9,021$6,649$2,687
26 years$20,111$15,145$11,245$8,248$5,989$2,314
27 years$19,159$14,254$10,442$7,550$5,400$1,994
28 years$18,276$13,431$9,707$6,917$4,872$1,719
29 years$17,456$12,671$9,034$6,343$4,399$1,482
30 years$16,692$11,966$8,414$5,822$3,975$1,278
31 years$15,978$11,312$7,845$5,347$3,594$1,103
32 years$15,311$10,703$7,319$4,914$3,251$952
33 years$14,685$10,136$6,834$4,519$2,942$822
34 years$14,097$9,607$6,385$4,157$2,664$709
35 years$13,544$9,112$5,970$3,827$2,413$612
36 years$13,023$8,649$5,585$3,525$2,186$529
37 years$12,532$8,214$5,227$3,248$1,981$457
38 years$12,067$7,806$4,895$2,993$1,796$395
39 years$11,627$7,423$4,586$2,760$1,629$341
40 years$11,211$7,062$4,298$2,546$1,477$294
41 years$10,815$6,723$4,031$2,349$1,340$254
42 years$10,440$6,403$3,781$2,168$1,216$220
43 years$10,083$6,100$3,548$2,001$1,104$190
44 years$9,743$5,815$3,330$1,848$1,002$164
45 years$9,419$5,545$3,127$1,706$910$142
46 years$9,110$5,290$2,937$1,576$826$123
47 years$8,815$5,048$2,759$1,456$750$106
48 years$8,533$4,819$2,593$1,346$681$92
49 years$8,264$4,602$2,437$1,244$619$79
50 years$8,006$4,396$2,291$1,149$562$68

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 $5,848 every year, while hoping to spend $26,502 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: 80/8/12 Blend
54$8,200,000$8,200,000$8,200,000$8,200,000
55$9,042,432$8,607,832$8,480,732$9,745,418
56$9,936,562$9,001,418$8,736,639$10,601,515
57$10,921,006$9,413,401$9,000,230$11,536,744
58$12,004,946$9,844,656$9,271,735$12,562,291
59$13,198,503$10,296,096$9,551,391$13,687,183
60$14,512,828$10,768,683$9,839,440$14,921,363
61$15,960,208$11,263,420$10,136,134$16,275,778
62$17,554,185$11,781,363$10,441,729$17,762,486
63$19,309,676$12,323,615$10,756,492$19,394,766
64$21,243,125$12,891,333$11,080,696$21,187,243
65$23,372,647$13,485,732$11,414,622$23,156,027
66$25,718,205$14,108,081$11,758,561$25,318,860
67$28,301,800$14,759,715$12,112,811$27,695,284
68$31,147,672$15,442,029$12,477,678$30,306,828
69$34,282,534$16,156,488$12,853,480$33,177,202
70$37,735,823$16,904,626$13,240,542$36,332,527
71$41,539,976$17,688,052$13,639,199$39,801,578
72$45,730,738$18,508,451$14,049,797$43,616,051
73$50,347,499$19,367,591$14,472,691$47,810,864
74$55,433,665$20,267,324$14,908,246$52,424,486
75$61,037,067$21,209,592$15,356,841$57,499,294
76$67,210,415$22,196,429$15,818,863$63,081,976
77$74,011,793$23,229,970$16,294,710$69,223,969
78$81,505,208$24,312,450$16,784,795$75,981,938
79$89,761,194$25,446,215$17,289,541$83,418,316
80$98,857,478$26,633,722$17,809,382$91,601,889
81$108,879,713$27,877,546$18,344,769$100,608,439
82$119,922,287$29,180,390$18,896,162$110,521,464
83$132,089,215$30,545,083$19,464,038$121,432,958
84$145,495,117$31,974,594$20,048,885$133,444,283
85$160,266,304$33,472,035$20,651,209$146,667,116
86$176,541,969$35,040,666$21,271,526$161,224,509
87$194,475,500$36,683,909$21,910,372$177,252,042
88$214,235,927$38,405,347$22,568,296$194,899,102
89$236,009,522$40,208,739$23,245,864$214,330,291
90$260,001,552$42,098,026$23,943,659$235,726,975
91$286,438,219$44,077,338$24,662,281$259,288,996
92$315,568,797$46,151,007$25,402,346$285,236,554
93$347,667,980$48,323,572$26,164,491$313,812,280
94$383,038,482$50,599,795$26,949,369$345,283,526
95$422,013,888$52,984,666$27,757,654$379,944,885
96$464,961,809$55,483,419$28,590,040$418,120,966
97$512,287,347$58,101,540$29,447,239$460,169,457
98$564,436,921$60,844,780$30,329,987$506,484,497
99$621,902,484$63,719,172$31,239,039$557,500,390
100$685,226,165$66,731,038$32,175,173$613,695,703