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%16.5%
1 years$693,664$687,485$681,457$675,573$669,828$652,048
2 years$343,398$337,003$330,804$324,795$318,966$301,177
3 years$226,658$220,235$214,052$208,099$202,365$185,124
4 years$168,299$161,896$155,775$149,924$144,328$127,768
5 years$133,293$126,928$120,888$115,156$109,716$93,881
6 years$109,964$103,647$97,695$92,091$86,815$71,721
7 years$93,306$87,042$81,185$75,713$70,604$56,252
8 years$80,819$74,611$68,852$63,514$58,572$44,956
9 years$71,111$64,963$59,302$54,100$49,326$36,433
10 years$63,350$57,261$51,701$46,634$42,029$29,841
11 years$57,004$50,976$45,517$40,586$36,146$24,647
12 years$51,719$45,754$40,395$35,599$31,323$20,491
13 years$47,251$41,348$36,090$31,429$27,315$17,127
14 years$43,425$37,584$32,427$27,899$23,944$14,377
15 years$40,111$34,334$29,277$24,881$21,082$12,112
16 years$37,215$31,501$26,544$22,278$18,632$10,233
17 years$34,662$29,011$24,154$20,017$16,521$8,667
18 years$32,396$26,807$22,050$18,039$14,689$7,356
19 years$30,370$24,845$20,185$16,300$13,093$6,253
20 years$28,549$23,087$18,525$14,763$11,695$5,324
21 years$26,904$21,505$17,040$13,398$10,466$4,538
22 years$25,410$20,074$15,705$12,182$9,381$3,872
23 years$24,048$18,775$14,500$11,094$8,421$3,307
24 years$22,802$17,591$13,410$10,119$7,569$2,826
25 years$21,656$16,508$12,421$9,241$6,811$2,417
26 years$20,601$15,515$11,520$8,449$6,135$2,068
27 years$19,626$14,601$10,697$7,734$5,531$1,770
28 years$18,722$13,759$9,944$7,086$4,991$1,516
29 years$17,882$12,980$9,254$6,498$4,507$1,299
30 years$17,099$12,258$8,620$5,964$4,072$1,113
31 years$16,368$11,588$8,036$5,477$3,682$954
32 years$15,684$10,964$7,498$5,034$3,330$818
33 years$15,043$10,383$7,001$4,629$3,014$701
34 years$14,441$9,841$6,541$4,259$2,729$601
35 years$13,875$9,334$6,115$3,921$2,471$516
36 years$13,341$8,860$5,721$3,611$2,239$442
37 years$12,837$8,415$5,354$3,327$2,030$380
38 years$12,361$7,997$5,014$3,066$1,840$326
39 years$11,911$7,604$4,698$2,827$1,669$279
40 years$11,484$7,235$4,403$2,608$1,513$240
41 years$11,079$6,887$4,129$2,406$1,373$206
42 years$10,694$6,559$3,873$2,221$1,246$177
43 years$10,329$6,249$3,634$2,050$1,131$151
44 years$9,980$5,957$3,411$1,893$1,026$130
45 years$9,649$5,680$3,203$1,748$932$112
46 years$9,332$5,419$3,009$1,615$846$96
47 years$9,030$5,171$2,826$1,492$768$82
48 years$8,741$4,937$2,656$1,378$698$71
49 years$8,465$4,714$2,497$1,274$634$61
50 years$8,201$4,503$2,347$1,177$575$52

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 $6,086 every year, while hoping to spend $44,879 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: 80/15/5 Blend
54$8,400,000$8,400,000$8,400,000$8,400,000
55$9,263,078$8,817,878$8,687,678$10,002,189
56$10,160,161$9,202,203$8,930,964$10,870,999
57$11,147,242$9,603,856$9,180,896$11,817,462
58$12,233,454$10,023,638$9,437,650$12,854,528
59$13,428,859$10,462,389$9,701,404$13,991,209
60$14,744,545$10,920,989$9,972,343$15,237,429
61$16,192,728$11,400,356$10,250,656$16,604,111
62$17,786,869$11,901,457$10,536,536$18,103,286
63$19,541,801$12,425,299$10,830,181$19,748,199
64$21,473,867$12,972,941$11,131,794$21,553,435
65$23,601,076$13,545,490$11,441,584$23,535,056
66$25,943,272$14,144,105$11,759,763$25,710,750
67$28,522,321$14,770,001$12,086,550$28,099,997
68$31,362,317$15,424,450$12,422,169$30,724,250
69$34,489,810$16,108,785$12,766,848$33,607,137
70$37,934,056$16,824,401$13,120,824$36,774,683
71$41,727,294$17,572,761$13,484,335$40,255,550
72$45,905,047$18,355,395$13,857,629$44,081,311
73$50,506,460$19,173,907$14,240,958$48,286,742
74$55,574,668$20,029,979$14,634,579$52,910,149
75$61,157,205$20,925,369$15,038,759$57,993,728
76$67,306,450$21,861,921$15,453,767$63,583,960
77$74,080,121$22,841,568$15,879,881$69,732,048
78$81,541,820$23,866,333$16,317,384$76,494,399
79$89,761,638$24,938,335$16,766,568$83,933,151
80$98,816,807$26,059,795$17,227,731$92,116,758
81$108,792,437$27,233,041$17,701,175$101,120,636
82$119,782,316$28,460,510$18,187,215$111,027,867
83$131,889,793$29,744,756$18,686,167$121,929,984
84$145,228,757$31,088,454$19,198,359$133,927,829
85$159,924,712$32,494,410$19,724,126$147,132,503
86$176,115,956$33,965,560$20,263,808$161,666,413
87$193,954,894$35,504,982$20,817,755$177,664,419
88$213,609,469$37,115,902$21,386,326$195,275,108
89$235,264,753$38,801,699$21,969,886$214,662,190
90$259,124,690$40,565,915$22,568,809$236,006,038
91$285,414,023$42,412,259$23,183,479$259,505,391
92$314,380,414$44,344,621$23,814,286$285,379,219
93$346,296,783$46,367,074$24,461,632$313,868,791
94$381,463,883$48,483,889$25,125,925$345,239,944
95$420,213,140$50,699,540$25,807,584$379,785,589
96$462,909,778$53,018,716$26,507,036$417,828,469
97$509,956,274$55,446,331$27,224,720$459,724,202
98$561,796,147$57,987,535$27,961,081$505,864,630
99$618,918,154$60,647,724$28,716,578$556,681,514
100$681,860,897$63,432,554$29,491,675$612,650,600