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%11.2%
1 years$701,922$695,670$689,570$683,616$677,802$674,379
2 years$347,486$341,015$334,743$328,661$322,763$319,308
3 years$229,356$222,857$216,601$210,577$204,774$201,395
4 years$170,303$163,823$157,630$151,709$146,047$142,769
5 years$134,880$128,439$122,327$116,527$111,022$107,855
6 years$111,273$104,880$98,859$93,187$87,848$84,796
7 years$94,417$88,078$82,152$76,614$71,444$68,509
8 years$81,781$75,500$69,671$64,270$59,270$56,452
9 years$71,958$65,736$60,008$54,744$49,914$47,212
10 years$64,104$57,943$52,316$47,190$42,529$39,942
11 years$57,683$51,583$46,058$41,069$36,576$34,103
12 years$52,335$46,298$40,876$36,023$31,696$29,334
13 years$47,814$41,840$36,520$31,803$27,640$25,386
14 years$43,942$38,032$32,813$28,231$24,229$22,082
15 years$40,589$34,743$29,626$25,177$21,333$19,290
16 years$37,658$31,876$26,860$22,544$18,854$16,912
17 years$35,075$29,356$24,442$20,255$16,717$14,873
18 years$32,781$27,126$22,312$18,254$14,864$13,115
19 years$30,731$25,141$20,426$16,494$13,249$11,591
20 years$28,889$23,362$18,746$14,939$11,834$10,265
21 years$27,224$21,761$17,242$13,558$10,590$9,107
22 years$25,712$20,313$15,892$12,327$9,493$8,091
23 years$24,334$18,998$14,673$11,226$8,521$7,199
24 years$23,073$17,800$13,570$10,239$7,659$6,412
25 years$21,914$16,704$12,569$9,351$6,892$5,717
26 years$20,847$15,699$11,657$8,550$6,208$5,103
27 years$19,860$14,775$10,824$7,826$5,597$4,558
28 years$18,945$13,922$10,063$7,170$5,050$4,074
29 years$18,094$13,134$9,364$6,575$4,560$3,644
30 years$17,302$12,404$8,722$6,035$4,121$3,261
31 years$16,563$11,726$8,132$5,542$3,725$2,920
32 years$15,871$11,095$7,587$5,093$3,370$2,615
33 years$15,222$10,507$7,084$4,684$3,050$2,344
34 years$14,613$9,958$6,619$4,310$2,761$2,101
35 years$14,040$9,445$6,188$3,967$2,501$1,884
36 years$13,500$8,965$5,789$3,654$2,266$1,690
37 years$12,990$8,515$5,418$3,366$2,054$1,517
38 years$12,509$8,092$5,074$3,103$1,862$1,361
39 years$12,053$7,695$4,754$2,861$1,688$1,222
40 years$11,621$7,321$4,456$2,639$1,531$1,097
41 years$11,211$6,969$4,178$2,435$1,389$985
42 years$10,822$6,637$3,919$2,247$1,261$885
43 years$10,452$6,324$3,678$2,074$1,144$795
44 years$10,099$6,028$3,452$1,915$1,039$714
45 years$9,763$5,748$3,241$1,769$943$641
46 years$9,443$5,483$3,044$1,634$856$576
47 years$9,138$5,233$2,860$1,509$777$518
48 years$8,846$4,995$2,688$1,395$706$465
49 years$8,566$4,770$2,526$1,289$641$418
50 years$8,299$4,557$2,375$1,191$582$376

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 $2,933 every year, while hoping to spend $40,169 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: 47/45/8 Blend
54$8,500,000$8,500,000$8,500,000$8,500,000
55$9,370,025$8,919,525$8,787,775$9,789,926
56$10,283,028$9,313,843$9,039,426$10,473,077
57$11,287,812$9,726,135$9,298,161$11,209,607
58$12,393,694$10,157,241$9,564,175$12,007,986
59$13,610,944$10,608,039$9,837,668$12,873,964
60$14,950,875$11,079,449$10,118,846$13,813,852
61$16,425,956$11,572,433$10,407,918$14,834,580
62$18,049,923$12,088,001$10,705,103$15,943,757
63$19,837,913$12,627,211$11,010,621$17,149,741
64$21,806,605$13,191,169$11,324,702$18,461,711
65$23,974,378$13,781,036$11,647,579$19,889,755
66$26,361,484$14,398,026$11,979,493$21,444,955
67$28,990,239$15,043,414$12,320,689$23,139,491
68$31,885,234$15,718,531$12,671,423$24,986,750
69$35,073,564$16,424,776$13,031,952$27,001,447
70$38,585,090$17,163,612$13,402,545$29,199,762
71$42,452,713$17,936,573$13,783,474$31,599,481
72$46,712,690$18,745,265$14,175,020$34,220,165
73$51,404,973$19,591,372$14,577,472$37,083,326
74$56,573,588$20,476,656$14,991,125$40,212,624
75$62,267,049$21,402,968$15,416,283$43,634,083
76$68,538,816$22,372,241$15,853,256$47,376,333
77$75,447,799$23,386,505$16,302,365$51,470,870
78$83,058,917$24,447,887$16,763,936$55,952,348
79$91,443,706$25,558,612$17,238,307$60,858,897
80$100,680,995$26,721,015$17,725,822$66,232,479
81$110,857,654$27,937,542$18,226,834$72,119,269
82$122,069,409$29,210,756$18,741,707$78,570,088
83$134,421,747$30,543,342$19,270,813$85,640,871
84$148,030,914$31,938,114$19,814,534$93,393,185
85$163,025,007$33,398,021$20,373,261$101,894,804
86$179,545,188$34,926,155$20,947,396$111,220,332
87$197,747,015$36,525,754$21,537,350$121,451,902
88$217,801,906$38,200,212$22,143,547$132,679,937
89$239,898,764$39,953,086$22,766,420$145,003,991
90$264,245,756$41,788,104$23,406,412$158,533,679
91$291,072,275$43,709,174$24,063,980$173,389,696
92$320,631,114$45,720,390$24,739,590$189,704,945
93$353,200,842$47,826,044$25,433,721$207,625,773
94$389,088,442$50,030,634$26,146,864$227,313,344
95$428,632,201$52,338,873$26,879,522$248,945,137
96$472,204,911$54,755,704$27,632,212$272,716,612
97$520,217,383$57,286,304$28,405,462$298,843,032
98$573,122,326$59,936,102$29,199,814$327,561,481
99$631,418,620$62,710,788$30,015,825$359,133,081
100$695,656,027$65,616,324$30,854,063$393,845,439