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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.1%
1 years$685,406$679,301$673,344$667,531$661,854$637,610
2 years$339,310$332,991$326,866$320,928$315,168$291,013
3 years$223,960$217,613$211,504$205,622$199,956$176,649
4 years$166,296$159,969$153,921$148,139$142,610$120,329
5 years$131,707$125,417$119,449$113,785$108,410$87,213
6 years$108,655$102,413$96,532$90,995$85,781$65,683
7 years$92,195$86,006$80,219$74,812$69,763$50,759
8 years$79,857$73,723$68,032$62,758$57,875$39,949
9 years$70,265$64,189$58,596$53,456$48,739$31,866
10 years$62,596$56,580$51,085$46,079$41,528$25,678
11 years$56,325$50,370$44,975$40,103$35,716$20,855
12 years$51,104$45,209$39,914$35,176$30,950$17,042
13 years$46,689$40,856$35,660$31,055$26,989$13,995
14 years$42,908$37,137$32,041$27,567$23,659$11,538
15 years$39,634$33,925$28,929$24,585$20,831$9,543
16 years$36,772$31,126$26,228$22,013$18,411$7,913
17 years$34,250$28,665$23,867$19,779$16,324$6,575
18 years$32,010$26,488$21,787$17,824$14,515$5,474
19 years$30,008$24,549$19,945$16,106$12,937$4,563
20 years$28,209$22,812$18,305$14,587$11,556$3,808
21 years$26,583$21,249$16,837$13,239$10,341$3,182
22 years$25,107$19,835$15,518$12,037$9,269$2,660
23 years$23,762$18,551$14,328$10,962$8,321$2,226
24 years$22,530$17,381$13,251$9,998$7,479$1,863
25 years$21,399$16,311$12,273$9,131$6,730$1,561
26 years$20,356$15,330$11,382$8,349$6,062$1,308
27 years$19,392$14,427$10,570$7,642$5,465$1,096
28 years$18,499$13,595$9,826$7,002$4,931$919
29 years$17,669$12,825$9,144$6,421$4,453$771
30 years$16,895$12,112$8,517$5,893$4,024$646
31 years$16,173$11,450$7,940$5,412$3,638$542
32 years$15,497$10,834$7,408$4,974$3,291$455
33 years$14,864$10,260$6,917$4,574$2,978$382
34 years$14,269$9,724$6,463$4,208$2,696$320
35 years$13,710$9,223$6,042$3,874$2,442$269
36 years$13,182$8,754$5,653$3,568$2,213$226
37 years$12,685$8,314$5,291$3,287$2,005$189
38 years$12,214$7,902$4,955$3,030$1,818$159
39 years$11,769$7,514$4,642$2,794$1,649$134
40 years$11,347$7,149$4,351$2,577$1,495$112
41 years$10,947$6,805$4,080$2,377$1,357$94
42 years$10,567$6,481$3,827$2,194$1,231$79
43 years$10,206$6,175$3,591$2,025$1,117$66
44 years$9,862$5,886$3,371$1,870$1,014$56
45 years$9,534$5,613$3,165$1,727$921$47
46 years$9,221$5,354$2,973$1,595$836$39
47 years$8,923$5,110$2,793$1,474$759$33
48 years$8,637$4,878$2,624$1,362$689$28
49 years$8,365$4,658$2,467$1,259$626$23
50 years$8,104$4,450$2,319$1,163$569$20

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 $5,682 every year, while hoping to spend $49,323 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: 85/9/6 Blend
54$8,300,000$8,300,000$8,300,000$8,300,000
55$9,152,461$8,712,561$8,583,911$9,927,406
56$10,033,533$9,086,997$8,818,993$10,808,066
57$11,002,821$9,478,128$9,060,297$11,768,042
58$12,069,271$9,886,718$9,307,979$12,821,078
59$13,242,740$10,313,571$9,562,200$13,976,494
60$14,534,089$10,759,525$9,823,123$15,244,552
61$15,955,284$11,225,460$10,090,915$16,636,554
62$17,519,510$11,712,295$10,365,748$18,164,949
63$19,241,296$12,220,994$10,647,797$19,843,448
64$21,136,651$12,752,565$10,937,241$21,687,152
65$23,223,213$13,308,064$11,234,262$23,712,695
66$25,520,419$13,888,598$11,539,048$25,938,399
67$28,049,686$14,495,323$11,851,790$28,384,447
68$30,834,613$15,129,453$12,172,684$31,073,072
69$33,901,204$15,792,256$12,501,930$34,028,763
70$37,278,113$16,485,064$12,839,731$37,278,499
71$40,996,915$17,209,266$13,186,297$40,852,001
72$45,092,403$17,966,323$13,541,840$44,782,011
73$49,602,915$18,757,760$13,906,579$49,104,597
74$54,570,699$19,585,176$14,280,735$53,859,499
75$60,042,308$20,450,247$14,664,537$59,090,495
76$66,069,040$21,354,727$15,058,217$64,845,817
77$72,707,426$22,300,452$15,462,010$71,178,604
78$80,019,756$23,289,347$15,876,160$78,147,402
79$88,074,674$24,323,427$16,300,914$85,816,714
80$96,947,819$25,404,803$16,736,523$94,257,608
81$106,722,545$26,535,688$17,183,246$103,548,387
82$117,490,704$27,718,396$17,641,344$113,775,322
83$129,353,513$28,955,354$18,111,086$125,033,469
84$142,422,509$30,249,104$18,592,745$137,427,564
85$156,820,603$31,602,308$19,086,600$151,073,006
86$172,683,239$33,017,756$19,592,936$166,096,946
87$190,159,673$34,498,369$20,112,042$182,639,486
88$209,414,379$36,047,209$20,644,215$200,854,998
89$230,628,605$37,667,482$21,189,756$220,913,578
90$254,002,083$39,362,548$21,748,972$243,002,650
91$279,754,909$41,135,927$22,322,177$267,328,734
92$308,129,630$42,991,307$22,909,690$294,119,389
93$339,393,523$44,932,552$23,511,835$323,625,359
94$373,841,125$46,963,710$24,128,945$356,122,942
95$411,797,011$49,089,023$24,761,355$391,916,587
96$453,618,856$51,312,935$25,409,411$431,341,771
97$499,700,813$53,640,103$26,073,460$474,768,158
98$550,477,235$56,075,406$26,753,859$522,603,090
99$606,426,770$58,623,958$27,450,971$575,295,422
100$668,076,884$61,291,116$28,165,162$633,339,762