Can I retire at age 55 with 8,400,000?

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 $8,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$693,664$687,485$681,457$675,573$669,828$662,833
2 years$343,398$337,003$330,804$324,795$318,966$311,921
3 years$226,658$220,235$214,052$208,099$202,365$195,490
4 years$168,299$161,896$155,775$149,924$144,328$137,676
5 years$133,293$126,928$120,888$115,156$109,716$103,305
6 years$109,964$103,647$97,695$92,091$86,815$80,653
7 years$93,306$87,042$81,185$75,713$70,604$64,695
8 years$80,819$74,611$68,852$63,514$58,572$52,915
9 years$71,111$64,963$59,302$54,100$49,326$43,919
10 years$63,350$57,261$51,701$46,634$42,029$36,868
11 years$57,004$50,976$45,517$40,586$36,146$31,228
12 years$51,719$45,754$40,395$35,599$31,323$26,642
13 years$47,251$41,348$36,090$31,429$27,315$22,865
14 years$43,425$37,584$32,427$27,899$23,944$19,720
15 years$40,111$34,334$29,277$24,881$21,082$17,077
16 years$37,215$31,501$26,544$22,278$18,632$14,840
17 years$34,662$29,011$24,154$20,017$16,521$12,934
18 years$32,396$26,807$22,050$18,039$14,689$11,300
19 years$30,370$24,845$20,185$16,300$13,093$9,895
20 years$28,549$23,087$18,525$14,763$11,695$8,680
21 years$26,904$21,505$17,040$13,398$10,466$7,627
22 years$25,410$20,074$15,705$12,182$9,381$6,711
23 years$24,048$18,775$14,500$11,094$8,421$5,912
24 years$22,802$17,591$13,410$10,119$7,569$5,214
25 years$21,656$16,508$12,421$9,241$6,811$4,602
26 years$20,601$15,515$11,520$8,449$6,135$4,066
27 years$19,626$14,601$10,697$7,734$5,531$3,595
28 years$18,722$13,759$9,944$7,086$4,991$3,180
29 years$17,882$12,980$9,254$6,498$4,507$2,814
30 years$17,099$12,258$8,620$5,964$4,072$2,492
31 years$16,368$11,588$8,036$5,477$3,682$2,208
32 years$15,684$10,964$7,498$5,034$3,330$1,957
33 years$15,043$10,383$7,001$4,629$3,014$1,735
34 years$14,441$9,841$6,541$4,259$2,729$1,539
35 years$13,875$9,334$6,115$3,921$2,471$1,365
36 years$13,341$8,860$5,721$3,611$2,239$1,211
37 years$12,837$8,415$5,354$3,327$2,030$1,075
38 years$12,361$7,997$5,014$3,066$1,840$954
39 years$11,911$7,604$4,698$2,827$1,669$847
40 years$11,484$7,235$4,403$2,608$1,513$752
41 years$11,079$6,887$4,129$2,406$1,373$668
42 years$10,694$6,559$3,873$2,221$1,246$593
43 years$10,329$6,249$3,634$2,050$1,131$527
44 years$9,980$5,957$3,411$1,893$1,026$468
45 years$9,649$5,680$3,203$1,748$932$416
46 years$9,332$5,419$3,009$1,615$846$369
47 years$9,030$5,171$2,826$1,492$768$328
48 years$8,741$4,937$2,656$1,378$698$291
49 years$8,465$4,714$2,497$1,274$634$259
50 years$8,201$4,503$2,347$1,177$575$230

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $8,400,000, adding $6,400 every year, while hoping to spend $22,846 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: 81/7/12 Blend
54$8,400,000$8,400,000$8,400,000$8,400,000
55$9,263,402$8,818,202$8,688,002$9,993,109
56$10,183,961$9,225,986$8,954,742$10,880,628
57$11,197,651$9,652,985$9,229,652$11,850,986
58$12,313,948$10,100,118$9,512,982$12,915,457
59$13,543,292$10,568,346$9,804,988$14,083,465
60$14,897,190$11,058,676$10,105,937$15,365,385
61$16,388,318$11,572,166$10,416,100$16,772,646
62$18,030,646$12,109,922$10,735,760$18,317,833
63$19,839,570$12,673,107$11,065,206$20,014,811
64$21,832,053$13,262,936$11,404,738$21,878,846
65$24,026,788$13,880,685$11,754,662$23,926,758
66$26,444,374$14,527,692$12,115,296$26,177,070
67$29,107,509$15,205,358$12,486,968$28,650,188
68$32,041,207$15,915,152$12,870,013$31,368,588
69$35,273,032$16,658,616$13,264,780$34,357,030
70$38,833,356$17,437,363$13,671,625$37,642,791
71$42,755,652$18,253,088$14,090,918$41,255,916
72$47,076,802$19,107,563$14,523,038$45,229,507
73$51,837,452$20,002,650$14,968,376$49,600,029
74$57,082,391$20,940,298$15,427,335$54,407,655
75$62,860,976$21,922,554$15,900,332$59,696,644
76$69,227,596$22,951,560$16,387,794$65,515,755
77$76,242,188$24,029,563$16,890,161$71,918,710
78$83,970,799$25,158,919$17,407,890$78,964,692
79$92,486,214$26,342,100$17,941,448$86,718,911
80$101,868,638$27,581,693$18,491,317$95,253,210
81$112,206,458$28,880,415$19,057,995$104,646,744
82$123,597,073$30,241,111$19,641,994$114,986,728
83$136,147,816$31,666,767$20,243,841$126,369,254
84$149,976,965$33,160,511$20,864,082$138,900,196
85$165,214,863$34,725,623$21,503,277$152,696,212
86$182,005,145$36,365,544$22,162,002$167,885,837
87$200,506,093$38,083,880$22,840,852$184,610,697
88$220,892,136$39,884,411$23,540,442$203,026,843
89$243,355,489$41,771,102$24,261,402$223,306,220
90$268,107,973$43,748,111$25,004,384$245,638,291
91$295,383,013$45,819,795$25,770,057$270,231,818
92$325,437,840$47,990,724$26,559,114$297,316,832
93$358,555,921$50,265,691$27,372,265$327,146,801
94$395,049,633$52,649,718$28,210,244$360,001,022
95$435,263,216$55,148,075$29,073,808$396,187,248
96$479,576,018$57,766,284$29,963,734$436,044,596
97$528,406,078$60,510,139$30,880,826$479,946,742
98$582,214,074$63,385,711$31,825,909$528,305,443
99$641,507,668$66,399,370$32,799,836$581,574,424
100$706,846,303$69,557,792$33,803,483$640,253,654