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%14.1%
1 years$685,406$679,301$673,344$667,531$661,854$650,621
2 years$339,310$332,991$326,866$320,928$315,168$303,887
3 years$223,960$217,613$211,504$205,622$199,956$188,976
4 years$166,296$159,969$153,921$148,139$142,610$132,017
5 years$131,707$125,417$119,449$113,785$108,410$98,233
6 years$108,655$102,413$96,532$90,995$85,781$76,033
7 years$92,195$86,006$80,219$74,812$69,763$60,446
8 years$79,857$73,723$68,032$62,758$57,875$48,988
9 years$70,265$64,189$58,596$53,456$48,739$40,276
10 years$62,596$56,580$51,085$46,079$41,528$33,482
11 years$56,325$50,370$44,975$40,103$35,716$28,078
12 years$51,104$45,209$39,914$35,176$30,950$23,712
13 years$46,689$40,856$35,660$31,055$26,989$20,138
14 years$42,908$37,137$32,041$27,567$23,659$17,184
15 years$39,634$33,925$28,929$24,585$20,831$14,719
16 years$36,772$31,126$26,228$22,013$18,411$12,650
17 years$34,250$28,665$23,867$19,779$16,324$10,901
18 years$32,010$26,488$21,787$17,824$14,515$9,415
19 years$30,008$24,549$19,945$16,106$12,937$8,149
20 years$28,209$22,812$18,305$14,587$11,556$7,064
21 years$26,583$21,249$16,837$13,239$10,341$6,133
22 years$25,107$19,835$15,518$12,037$9,269$5,331
23 years$23,762$18,551$14,328$10,962$8,321$4,639
24 years$22,530$17,381$13,251$9,998$7,479$4,040
25 years$21,399$16,311$12,273$9,131$6,730$3,522
26 years$20,356$15,330$11,382$8,349$6,062$3,072
27 years$19,392$14,427$10,570$7,642$5,465$2,681
28 years$18,499$13,595$9,826$7,002$4,931$2,342
29 years$17,669$12,825$9,144$6,421$4,453$2,046
30 years$16,895$12,112$8,517$5,893$4,024$1,788
31 years$16,173$11,450$7,940$5,412$3,638$1,563
32 years$15,497$10,834$7,408$4,974$3,291$1,367
33 years$14,864$10,260$6,917$4,574$2,978$1,196
34 years$14,269$9,724$6,463$4,208$2,696$1,047
35 years$13,710$9,223$6,042$3,874$2,442$916
36 years$13,182$8,754$5,653$3,568$2,213$802
37 years$12,685$8,314$5,291$3,287$2,005$702
38 years$12,214$7,902$4,955$3,030$1,818$615
39 years$11,769$7,514$4,642$2,794$1,649$538
40 years$11,347$7,149$4,351$2,577$1,495$471
41 years$10,947$6,805$4,080$2,377$1,357$413
42 years$10,567$6,481$3,827$2,194$1,231$362
43 years$10,206$6,175$3,591$2,025$1,117$317
44 years$9,862$5,886$3,371$1,870$1,014$278
45 years$9,534$5,613$3,165$1,727$921$243
46 years$9,221$5,354$2,973$1,595$836$213
47 years$8,923$5,110$2,793$1,474$759$187
48 years$8,637$4,878$2,624$1,362$689$164
49 years$8,365$4,658$2,467$1,259$626$143
50 years$8,104$4,450$2,319$1,163$569$126

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 $3,601 every year, while hoping to spend $32,465 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: 43/33/24 Blend
54$8,300,000$8,300,000$8,300,000$8,300,000
55$9,150,314$8,710,414$8,581,764$9,479,620
56$10,049,104$9,102,682$8,834,711$10,106,657
57$11,038,482$9,513,083$9,095,043$10,782,199
58$12,127,654$9,942,471$9,362,974$11,513,489
59$13,326,764$10,391,742$9,638,723$12,305,699
60$14,646,989$10,861,832$9,922,516$13,164,505
61$16,100,646$11,353,725$10,214,583$14,096,142
62$17,701,304$11,868,450$10,515,164$15,107,455
63$19,463,919$12,407,087$10,824,505$16,205,965
64$21,404,969$12,970,764$11,142,856$17,399,935
65$23,542,612$13,560,667$11,470,477$18,698,444
66$25,896,855$14,178,037$11,807,635$20,111,467
67$28,489,748$14,824,174$12,154,604$21,649,972
68$31,345,586$15,500,442$12,511,667$23,326,012
69$34,491,140$16,208,268$12,879,112$25,152,841
70$37,955,912$16,949,149$13,257,238$27,145,030
71$41,772,411$17,724,654$13,646,352$29,318,603
72$45,976,461$18,536,425$14,046,768$31,691,182
73$50,607,536$19,386,187$14,458,811$34,282,151
74$55,709,138$20,275,743$14,882,815$37,112,828
75$61,329,201$21,206,985$15,319,120$40,206,671
76$67,520,550$22,181,898$15,768,081$43,589,482
77$74,341,392$23,202,557$16,230,058$47,289,655
78$81,855,874$24,271,142$16,705,425$51,338,431
79$90,134,680$25,389,935$17,194,563$55,770,191
80$99,255,704$26,561,328$17,697,868$60,622,772
81$109,304,782$27,787,829$18,215,742$65,937,815
82$120,376,503$29,072,066$18,748,603$71,761,157
83$132,575,102$30,416,794$19,296,877$78,143,249
84$146,015,445$31,824,899$19,861,005$85,139,631
85$160,824,110$33,299,409$20,441,438$92,811,443
86$177,140,584$34,843,495$21,038,641$101,225,996
87$195,118,579$36,460,482$21,653,092$110,457,398
88$214,927,485$38,153,855$22,285,280$120,587,242
89$236,753,963$39,927,269$22,935,712$131,705,373
90$260,803,713$41,784,552$23,604,905$143,910,716
91$287,303,415$43,729,718$24,293,392$157,312,208
92$316,502,865$45,766,976$25,001,722$172,029,810
93$348,677,336$47,900,736$25,730,458$188,195,630
94$384,130,174$50,135,622$26,480,179$205,955,157
95$423,195,667$52,476,482$27,251,480$225,468,621
96$466,242,192$54,928,397$28,044,972$246,912,493
97$513,675,701$57,496,694$28,861,283$270,481,137
98$565,943,547$60,186,956$29,701,061$296,388,629
99$623,538,710$63,005,039$30,564,968$324,870,765
100$687,004,451$65,957,078$31,453,687$356,187,267