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%15.9%
1 years$685,406$679,301$673,344$667,531$661,854$645,854
2 years$339,310$332,991$326,866$320,928$315,168$299,145
3 years$223,960$217,613$211,504$205,622$199,956$184,409
4 years$166,296$159,969$153,921$148,139$142,610$127,661
5 years$131,707$125,417$119,449$113,785$108,410$94,099
6 years$108,655$102,413$96,532$90,995$85,781$72,123
7 years$92,195$86,006$80,219$74,812$69,763$56,760
8 years$79,857$73,723$68,032$62,758$57,875$45,521
9 years$70,265$64,189$58,596$53,456$48,739$37,025
10 years$62,596$56,580$51,085$46,079$41,528$30,440
11 years$56,325$50,370$44,975$40,103$35,716$25,238
12 years$51,104$45,209$39,914$35,176$30,950$21,065
13 years$46,689$40,856$35,660$31,055$26,989$17,678
14 years$42,908$37,137$32,041$27,567$23,659$14,901
15 years$39,634$33,925$28,929$24,585$20,831$12,606
16 years$36,772$31,126$26,228$22,013$18,411$10,696
17 years$34,250$28,665$23,867$19,779$16,324$9,099
18 years$32,010$26,488$21,787$17,824$14,515$7,756
19 years$30,008$24,549$19,945$16,106$12,937$6,624
20 years$28,209$22,812$18,305$14,587$11,556$5,665
21 years$26,583$21,249$16,837$13,239$10,341$4,851
22 years$25,107$19,835$15,518$12,037$9,269$4,158
23 years$23,762$18,551$14,328$10,962$8,321$3,568
24 years$22,530$17,381$13,251$9,998$7,479$3,064
25 years$21,399$16,311$12,273$9,131$6,730$2,633
26 years$20,356$15,330$11,382$8,349$6,062$2,264
27 years$19,392$14,427$10,570$7,642$5,465$1,947
28 years$18,499$13,595$9,826$7,002$4,931$1,676
29 years$17,669$12,825$9,144$6,421$4,453$1,443
30 years$16,895$12,112$8,517$5,893$4,024$1,242
31 years$16,173$11,450$7,940$5,412$3,638$1,070
32 years$15,497$10,834$7,408$4,974$3,291$922
33 years$14,864$10,260$6,917$4,574$2,978$795
34 years$14,269$9,724$6,463$4,208$2,696$685
35 years$13,710$9,223$6,042$3,874$2,442$590
36 years$13,182$8,754$5,653$3,568$2,213$509
37 years$12,685$8,314$5,291$3,287$2,005$439
38 years$12,214$7,902$4,955$3,030$1,818$378
39 years$11,769$7,514$4,642$2,794$1,649$326
40 years$11,347$7,149$4,351$2,577$1,495$281
41 years$10,947$6,805$4,080$2,377$1,357$243
42 years$10,567$6,481$3,827$2,194$1,231$209
43 years$10,206$6,175$3,591$2,025$1,117$181
44 years$9,862$5,886$3,371$1,870$1,014$156
45 years$9,534$5,613$3,165$1,727$921$134
46 years$9,221$5,354$2,973$1,595$836$116
47 years$8,923$5,110$2,793$1,474$759$100
48 years$8,637$4,878$2,624$1,362$689$86
49 years$8,365$4,658$2,467$1,259$626$74
50 years$8,104$4,450$2,319$1,163$569$64

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 $4,900 every year, while hoping to spend $53,368 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: 52/25/23 Blend
54$8,300,000$8,300,000$8,300,000$8,300,000
55$9,151,654$8,711,754$8,583,104$9,568,799
56$10,028,340$9,081,847$8,813,855$10,227,597
57$10,992,659$9,468,286$9,050,548$10,937,927
58$12,053,493$9,871,815$9,293,324$11,709,497
59$13,220,630$10,293,214$9,542,330$12,548,154
60$14,504,851$10,733,299$9,797,716$13,460,326
61$15,918,038$11,192,922$10,059,631$14,453,081
62$17,473,281$11,672,979$10,328,232$15,534,193
63$19,185,004$12,174,404$10,603,677$16,712,209
64$21,069,101$12,698,176$10,886,126$17,996,533
65$23,143,084$13,245,321$11,175,746$19,397,508
66$25,426,248$13,816,911$11,472,703$20,926,513
67$27,939,856$14,414,070$11,777,169$22,596,067
68$30,707,335$15,037,974$12,089,319$24,419,945
69$33,754,503$15,689,854$12,409,330$26,413,308
70$37,109,805$16,371,000$12,737,385$28,592,836
71$40,804,587$17,082,760$13,073,669$30,976,891
72$44,873,388$17,826,549$13,418,370$33,585,680
73$49,354,268$18,603,845$13,771,681$36,441,448
74$54,289,169$19,416,198$14,133,797$39,568,681
75$59,724,303$20,265,231$14,504,918$42,994,335
76$65,710,596$21,152,641$14,885,248$46,748,085
77$72,304,166$22,080,209$15,274,992$50,862,606
78$79,566,848$23,049,798$15,674,362$55,373,871
79$87,566,786$24,063,357$16,083,572$60,321,491
80$96,379,067$25,122,930$16,502,841$65,749,082
81$106,086,436$26,230,657$16,932,390$71,704,675
82$116,780,072$27,388,779$17,372,445$78,241,160
83$128,560,453$28,599,643$17,823,235$85,416,786
84$141,538,300$29,865,707$18,284,995$93,295,702
85$155,835,626$31,189,545$18,757,961$101,948,555
86$171,586,881$32,573,855$19,242,375$111,453,158
87$188,940,230$34,021,461$19,738,481$121,895,214
88$208,058,942$35,535,321$20,246,528$133,369,117
89$229,122,937$37,118,534$20,766,770$145,978,843
90$252,330,482$38,774,348$21,299,462$159,838,918
91$277,900,062$40,506,162$21,844,865$175,075,499
92$306,072,443$42,317,539$22,403,243$191,827,549
93$337,112,944$44,212,210$22,974,864$210,248,152
94$371,313,942$46,194,086$23,559,999$230,505,939
95$408,997,628$48,267,261$24,158,923$252,786,681
96$450,519,056$50,436,025$24,771,916$277,295,027
97$496,269,484$52,704,875$25,399,260$304,256,432
98$546,680,077$55,078,520$26,041,241$333,919,274
99$602,225,970$57,561,892$26,698,148$366,557,188
100$663,430,757$60,160,163$27,370,274$402,471,638