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

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 $8,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$701,922$695,670$689,570$683,616$677,802$663,303
2 years$347,486$341,015$334,743$328,661$322,763$308,226
3 years$229,356$222,857$216,601$210,577$204,774$190,654
4 years$170,303$163,823$157,630$151,709$146,047$132,451
5 years$134,880$128,439$122,327$116,527$111,022$97,989
6 years$111,273$104,880$98,859$93,187$87,848$75,392
7 years$94,417$88,078$82,152$76,614$71,444$59,567
8 years$81,781$75,500$69,671$64,270$59,270$47,968
9 years$71,958$65,736$60,008$54,744$49,914$39,180
10 years$64,104$57,943$52,316$47,190$42,529$32,351
11 years$57,683$51,583$46,058$41,069$36,576$26,942
12 years$52,335$46,298$40,876$36,023$31,696$22,591
13 years$47,814$41,840$36,520$31,803$27,640$19,047
14 years$43,942$38,032$32,813$28,231$24,229$16,132
15 years$40,589$34,743$29,626$25,177$21,333$13,714
16 years$37,658$31,876$26,860$22,544$18,854$11,694
17 years$35,075$29,356$24,442$20,255$16,717$9,998
18 years$32,781$27,126$22,312$18,254$14,864$8,567
19 years$30,731$25,141$20,426$16,494$13,249$7,354
20 years$28,889$23,362$18,746$14,939$11,834$6,323
21 years$27,224$21,761$17,242$13,558$10,590$5,444
22 years$25,712$20,313$15,892$12,327$9,493$4,692
23 years$24,334$18,998$14,673$11,226$8,521$4,048
24 years$23,073$17,800$13,570$10,239$7,659$3,495
25 years$21,914$16,704$12,569$9,351$6,892$3,020
26 years$20,847$15,699$11,657$8,550$6,208$2,612
27 years$19,860$14,775$10,824$7,826$5,597$2,259
28 years$18,945$13,922$10,063$7,170$5,050$1,955
29 years$18,094$13,134$9,364$6,575$4,560$1,693
30 years$17,302$12,404$8,722$6,035$4,121$1,466
31 years$16,563$11,726$8,132$5,542$3,725$1,270
32 years$15,871$11,095$7,587$5,093$3,370$1,101
33 years$15,222$10,507$7,084$4,684$3,050$954
34 years$14,613$9,958$6,619$4,310$2,761$827
35 years$14,040$9,445$6,188$3,967$2,501$717
36 years$13,500$8,965$5,789$3,654$2,266$622
37 years$12,990$8,515$5,418$3,366$2,054$540
38 years$12,509$8,092$5,074$3,103$1,862$468
39 years$12,053$7,695$4,754$2,861$1,688$406
40 years$11,621$7,321$4,456$2,639$1,531$352
41 years$11,211$6,969$4,178$2,435$1,389$306
42 years$10,822$6,637$3,919$2,247$1,261$265
43 years$10,452$6,324$3,678$2,074$1,144$230
44 years$10,099$6,028$3,452$1,915$1,039$200
45 years$9,763$5,748$3,241$1,769$943$173
46 years$9,443$5,483$3,044$1,634$856$150
47 years$9,138$5,233$2,860$1,509$777$131
48 years$8,846$4,995$2,688$1,395$706$113
49 years$8,566$4,770$2,526$1,289$641$98
50 years$8,299$4,557$2,375$1,191$582$85

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 $2,563 every year, while hoping to spend $23,588 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: 26/47/27 Blend
54$8,500,000$8,500,000$8,500,000$8,500,000
55$9,369,644$8,919,144$8,787,394$9,533,919
56$10,300,250$9,331,084$9,056,674$10,080,422
57$11,324,987$9,762,419$9,334,185$10,664,175
58$12,453,433$10,214,075$9,620,176$11,290,029
59$13,696,138$10,687,020$9,914,907$11,961,558
60$15,064,732$11,182,271$10,218,645$12,682,669
61$16,572,027$11,700,895$10,531,662$13,457,634
62$18,232,144$12,244,009$10,854,242$14,291,131
63$20,060,639$12,812,782$11,186,676$15,188,274
64$22,074,660$13,408,444$11,529,265$16,154,665
65$24,293,097$14,032,279$11,882,317$17,196,438
66$26,736,769$14,685,637$12,246,152$18,320,312
67$29,428,619$15,369,932$12,621,096$19,533,648
68$32,393,924$16,086,646$13,007,490$20,844,515
69$35,660,544$16,837,331$13,405,680$22,261,757
70$39,259,176$17,623,617$13,816,027$23,795,074
71$43,223,648$18,447,210$14,238,900$25,455,103
72$47,591,238$19,309,901$14,674,680$27,253,513
73$52,403,023$20,213,564$15,123,761$29,203,109
74$57,704,270$21,160,168$15,586,546$31,317,943
75$63,544,863$22,151,774$16,063,453$33,613,441
76$69,979,772$23,190,544$16,554,911$36,106,538
77$77,069,571$24,278,743$17,061,363$38,815,831
78$84,881,014$25,418,747$17,583,265$41,761,745
79$93,487,659$26,613,048$18,121,087$44,966,715
80$102,970,569$27,864,256$18,675,312$48,455,390
81$113,419,072$29,175,109$19,246,439$52,254,852
82$124,931,605$30,548,478$19,834,983$56,394,866
83$137,616,646$31,987,370$20,441,472$60,908,143
84$151,593,735$33,494,942$21,066,452$65,830,641
85$166,994,602$35,074,501$21,710,485$71,201,892
86$183,964,415$36,729,515$22,374,150$77,065,361
87$202,663,144$38,463,620$23,058,043$83,468,841
88$223,267,076$40,280,629$23,762,779$90,464,893
89$245,970,477$42,184,538$24,488,990$98,111,326
90$270,987,423$44,179,539$25,237,330$106,471,727
91$298,553,830$46,270,025$26,008,469$115,616,041
92$328,929,669$48,460,605$26,803,101$125,621,223
93$362,401,429$50,756,108$27,621,939$136,571,938
94$399,284,817$53,161,601$28,465,717$148,561,345
95$439,927,743$55,682,393$29,335,193$161,691,955
96$484,713,597$58,324,055$30,231,146$176,076,583
97$534,064,875$61,092,424$31,154,380$191,839,384
98$588,447,163$63,993,624$32,105,723$209,117,009
99$648,373,536$67,034,074$33,086,027$228,059,866
100$714,409,400$70,220,507$34,096,172$248,833,520