Can I retire at age 55 with 8,300,000?

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 $8,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$685,406$679,301$673,344$667,531$661,854$642,987
2 years$339,310$332,991$326,866$320,928$315,168$296,307
3 years$223,960$217,613$211,504$205,622$199,956$181,691
4 years$166,296$159,969$153,921$148,139$142,610$125,082
5 years$131,707$125,417$119,449$113,785$108,410$91,667
6 years$108,655$102,413$96,532$90,995$85,781$69,838
7 years$92,195$86,006$80,219$74,812$69,763$54,620
8 years$79,857$73,723$68,032$62,758$57,875$43,524
9 years$70,265$64,189$58,596$53,456$48,739$35,165
10 years$62,596$56,580$51,085$46,079$41,528$28,714
11 years$56,325$50,370$44,975$40,103$35,716$23,639
12 years$51,104$45,209$39,914$35,176$30,950$19,589
13 years$46,689$40,856$35,660$31,055$26,989$16,318
14 years$42,908$37,137$32,041$27,567$23,659$13,651
15 years$39,634$33,925$28,929$24,585$20,831$11,459
16 years$36,772$31,126$26,228$22,013$18,411$9,647
17 years$34,250$28,665$23,867$19,779$16,324$8,141
18 years$32,010$26,488$21,787$17,824$14,515$6,884
19 years$30,008$24,549$19,945$16,106$12,937$5,830
20 years$28,209$22,812$18,305$14,587$11,556$4,945
21 years$26,583$21,249$16,837$13,239$10,341$4,199
22 years$25,107$19,835$15,518$12,037$9,269$3,569
23 years$23,762$18,551$14,328$10,962$8,321$3,036
24 years$22,530$17,381$13,251$9,998$7,479$2,584
25 years$21,399$16,311$12,273$9,131$6,730$2,201
26 years$20,356$15,330$11,382$8,349$6,062$1,876
27 years$19,392$14,427$10,570$7,642$5,465$1,599
28 years$18,499$13,595$9,826$7,002$4,931$1,364
29 years$17,669$12,825$9,144$6,421$4,453$1,164
30 years$16,895$12,112$8,517$5,893$4,024$993
31 years$16,173$11,450$7,940$5,412$3,638$848
32 years$15,497$10,834$7,408$4,974$3,291$724
33 years$14,864$10,260$6,917$4,574$2,978$618
34 years$14,269$9,724$6,463$4,208$2,696$528
35 years$13,710$9,223$6,042$3,874$2,442$451
36 years$13,182$8,754$5,653$3,568$2,213$385
37 years$12,685$8,314$5,291$3,287$2,005$329
38 years$12,214$7,902$4,955$3,030$1,818$281
39 years$11,769$7,514$4,642$2,794$1,649$240
40 years$11,347$7,149$4,351$2,577$1,495$205
41 years$10,947$6,805$4,080$2,377$1,357$175
42 years$10,567$6,481$3,827$2,194$1,231$150
43 years$10,206$6,175$3,591$2,025$1,117$128
44 years$9,862$5,886$3,371$1,870$1,014$109
45 years$9,534$5,613$3,165$1,727$921$93
46 years$9,221$5,354$2,973$1,595$836$80
47 years$8,923$5,110$2,793$1,474$759$68
48 years$8,637$4,878$2,624$1,362$689$58
49 years$8,365$4,658$2,467$1,259$626$50
50 years$8,104$4,450$2,319$1,163$569$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $8,300,000, adding $6,520 every year, while hoping to spend $37,975 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: 69/12/19 Blend
54$8,300,000$8,300,000$8,300,000$8,300,000
55$9,153,325$8,713,425$8,584,775$9,742,045
56$10,046,559$9,099,978$8,831,960$10,522,334
57$11,029,631$9,504,199$9,086,153$11,370,745
58$12,111,662$9,926,914$9,347,548$12,298,149
59$13,302,707$10,368,988$9,616,346$13,312,338
60$14,613,841$10,831,327$9,892,752$14,421,890
61$16,057,270$11,314,879$10,176,977$15,636,245
62$17,646,443$11,820,639$10,469,237$16,965,797
63$19,396,178$12,349,649$10,769,754$18,421,990
64$21,322,805$12,902,998$11,078,757$20,017,423
65$23,444,317$13,481,830$11,396,481$21,765,966
66$25,780,540$14,087,343$11,723,166$23,682,894
67$28,353,322$14,720,790$12,059,060$25,785,025
68$31,186,738$15,383,486$12,404,415$28,090,882
69$34,307,316$16,076,807$12,759,494$30,620,860
70$37,744,288$16,802,197$13,124,563$33,397,421
71$41,529,866$17,561,165$13,499,896$36,445,302
72$45,699,547$18,355,297$13,885,777$39,791,750
73$50,292,445$19,186,250$14,282,494$43,466,772
74$55,351,661$20,055,763$14,690,345$47,503,420
75$60,924,694$20,965,659$15,109,635$51,938,097
76$67,063,881$21,917,845$15,540,676$56,810,905
77$73,826,899$22,914,321$15,983,791$62,166,013
78$81,277,304$23,957,184$16,439,309$68,052,077
79$89,485,132$25,048,629$16,907,569$74,522,694
80$98,527,560$26,190,957$17,388,918$81,636,907
81$108,489,638$27,386,580$17,883,713$89,459,758
82$119,465,083$28,638,025$18,392,320$98,062,900
83$131,557,174$29,947,940$18,915,114$107,525,270
84$144,879,717$31,319,101$19,452,482$117,933,830
85$159,558,126$32,754,415$20,004,818$129,384,387
86$175,730,605$34,256,931$20,572,529$141,982,490
87$193,549,449$35,829,843$21,156,032$155,844,427
88$213,182,487$37,476,499$21,755,752$171,098,316
89$234,814,660$39,200,408$22,372,130$187,885,312
90$258,649,774$41,005,246$23,005,615$206,360,936
91$284,912,416$42,894,867$23,656,667$226,696,535
92$313,850,078$44,873,312$24,325,762$249,080,899
93$345,735,495$46,944,813$25,013,384$273,722,039
94$380,869,215$49,113,808$25,720,032$300,849,142
95$419,582,438$51,384,948$26,446,216$330,714,733
96$462,240,144$53,763,108$27,192,461$363,597,051
97$509,244,535$56,253,397$27,959,305$399,802,672
98$561,038,835$58,861,170$28,747,299$439,669,398
99$618,111,471$61,592,042$29,557,008$483,569,437
100$681,000,686$64,451,898$30,389,013$531,912,912