Can I retire at age 55 with 8,500,000?

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 $8,500,000?

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$701,922$695,670$689,570$683,616$677,802$659,811
2 years$347,486$341,015$334,743$328,661$322,763$304,762
3 years$229,356$222,857$216,601$210,577$204,774$187,328
4 years$170,303$163,823$157,630$151,709$146,047$129,289
5 years$134,880$128,439$122,327$116,527$111,022$94,999
6 years$111,273$104,880$98,859$93,187$87,848$72,575
7 years$94,417$88,078$82,152$76,614$71,444$56,922
8 years$81,781$75,500$69,671$64,270$59,270$45,491
9 years$71,958$65,736$60,008$54,744$49,914$36,866
10 years$64,104$57,943$52,316$47,190$42,529$30,197
11 years$57,683$51,583$46,058$41,069$36,576$24,940
12 years$52,335$46,298$40,876$36,023$31,696$20,735
13 years$47,814$41,840$36,520$31,803$27,640$17,331
14 years$43,942$38,032$32,813$28,231$24,229$14,548
15 years$40,589$34,743$29,626$25,177$21,333$12,256
16 years$37,658$31,876$26,860$22,544$18,854$10,355
17 years$35,075$29,356$24,442$20,255$16,717$8,770
18 years$32,781$27,126$22,312$18,254$14,864$7,443
19 years$30,731$25,141$20,426$16,494$13,249$6,328
20 years$28,889$23,362$18,746$14,939$11,834$5,387
21 years$27,224$21,761$17,242$13,558$10,590$4,592
22 years$25,712$20,313$15,892$12,327$9,493$3,918
23 years$24,334$18,998$14,673$11,226$8,521$3,346
24 years$23,073$17,800$13,570$10,239$7,659$2,860
25 years$21,914$16,704$12,569$9,351$6,892$2,446
26 years$20,847$15,699$11,657$8,550$6,208$2,093
27 years$19,860$14,775$10,824$7,826$5,597$1,791
28 years$18,945$13,922$10,063$7,170$5,050$1,534
29 years$18,094$13,134$9,364$6,575$4,560$1,314
30 years$17,302$12,404$8,722$6,035$4,121$1,126
31 years$16,563$11,726$8,132$5,542$3,725$965
32 years$15,871$11,095$7,587$5,093$3,370$827
33 years$15,222$10,507$7,084$4,684$3,050$710
34 years$14,613$9,958$6,619$4,310$2,761$608
35 years$14,040$9,445$6,188$3,967$2,501$522
36 years$13,500$8,965$5,789$3,654$2,266$448
37 years$12,990$8,515$5,418$3,366$2,054$384
38 years$12,509$8,092$5,074$3,103$1,862$329
39 years$12,053$7,695$4,754$2,861$1,688$283
40 years$11,621$7,321$4,456$2,639$1,531$243
41 years$11,211$6,969$4,178$2,435$1,389$208
42 years$10,822$6,637$3,919$2,247$1,261$179
43 years$10,452$6,324$3,678$2,074$1,144$153
44 years$10,099$6,028$3,452$1,915$1,039$132
45 years$9,763$5,748$3,241$1,769$943$113
46 years$9,443$5,483$3,044$1,634$856$97
47 years$9,138$5,233$2,860$1,509$777$83
48 years$8,846$4,995$2,688$1,395$706$71
49 years$8,566$4,770$2,526$1,289$641$61
50 years$8,299$4,557$2,375$1,191$582$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $8,500,000, adding $2,076 every year, while hoping to spend $30,751 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: 38/32/30 Blend
54$8,500,000$8,500,000$8,500,000$8,500,000
55$9,369,141$8,918,641$8,786,891$9,641,469
56$10,292,075$9,322,936$9,048,533$10,247,040
57$11,308,117$9,746,010$9,317,910$10,898,122
58$12,426,733$10,188,752$9,595,247$11,601,230
59$13,658,350$10,652,092$9,880,779$12,361,116
60$15,014,461$11,137,004$10,174,745$13,182,994
61$16,507,729$11,644,510$10,477,391$14,072,585
62$18,152,107$12,175,681$10,788,973$15,036,172
63$19,962,970$12,731,637$11,109,752$16,080,650
64$21,957,261$13,313,555$11,439,996$17,213,592
65$24,153,648$13,922,665$11,779,983$18,443,315
66$26,572,704$14,560,260$12,129,996$19,778,956
67$29,237,098$15,227,691$12,490,330$21,230,553
68$32,171,811$15,926,377$12,861,285$22,809,137
69$35,404,370$16,657,803$13,243,171$24,526,828
70$38,965,107$17,423,527$13,636,309$26,396,952
71$42,887,448$18,225,180$14,041,025$28,434,156
72$47,208,226$19,064,473$14,457,659$30,654,542
73$51,968,032$19,943,198$14,886,556$33,075,817
74$57,211,591$20,863,235$15,328,076$35,717,454
75$62,988,192$21,826,552$15,782,586$38,600,867
76$69,352,149$22,835,214$16,250,463$41,749,610
77$76,363,312$23,891,385$16,732,098$45,189,595
78$84,087,638$24,997,330$17,227,891$48,949,325
79$92,597,806$26,155,428$17,738,254$53,060,163
80$101,973,907$27,368,169$18,263,611$57,556,615
81$112,304,201$28,638,165$18,804,398$62,476,652
82$123,685,948$29,968,153$19,361,063$67,862,061
83$136,226,324$31,361,002$19,934,068$73,758,830
84$150,043,438$32,819,720$20,523,888$80,217,573
85$165,267,441$34,347,459$21,131,011$87,294,005
86$182,041,758$35,947,523$21,755,938$95,049,450
87$200,524,443$37,623,377$22,399,188$103,551,418
88$220,889,667$39,378,653$23,061,291$112,874,229
89$243,329,362$41,217,156$23,742,793$123,099,704
90$268,055,038$43,142,878$24,444,258$134,317,928
91$295,299,775$45,160,002$25,166,264$146,628,091
92$325,320,424$47,272,914$25,909,405$160,139,408
93$358,400,031$49,486,210$26,674,294$174,972,140
94$394,850,510$51,804,711$27,461,559$191,258,718
95$435,015,590$54,233,469$28,271,849$209,144,979
96$479,274,053$56,777,782$29,105,829$228,791,526
97$528,043,316$59,443,203$29,964,183$250,375,234
98$581,783,367$62,235,553$30,847,617$274,090,900
99$641,001,113$65,160,937$31,756,854$300,153,069
100$706,255,157$68,225,754$32,692,640$328,798,043