Can I retire at age 55 with 8,600,000?

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 $8,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$710,180$703,854$697,682$691,658$685,776$661,444
2 years$351,574$345,026$338,681$332,528$326,560$302,305
3 years$232,055$225,479$219,149$213,054$207,183$183,768
4 years$172,307$165,751$159,484$153,493$147,765$125,368
5 years$136,467$129,951$123,766$117,898$112,328$91,009
6 years$112,582$106,114$100,022$94,284$88,882$68,655
7 years$95,528$89,115$83,118$77,516$72,285$53,147
8 years$82,743$76,388$70,491$65,026$59,967$41,903
9 years$72,804$66,509$60,714$55,388$50,501$33,486
10 years$64,858$58,625$52,932$47,745$43,029$27,035
11 years$58,361$52,190$46,600$41,552$37,007$22,000
12 years$52,951$46,843$41,357$36,447$32,069$18,014
13 years$48,376$42,332$36,949$32,177$27,965$14,823
14 years$44,459$38,479$33,199$28,563$24,514$12,247
15 years$41,066$35,151$29,974$25,473$21,584$10,150
16 years$38,101$32,251$27,176$22,809$19,076$8,435
17 years$35,488$29,702$24,729$20,493$16,914$7,025
18 years$33,167$27,446$22,575$18,469$15,039$5,861
19 years$31,093$25,436$20,666$16,688$13,405$4,897
20 years$29,229$23,637$18,966$15,114$11,973$4,096
21 years$27,544$22,017$17,445$13,717$10,715$3,430
22 years$26,015$20,552$16,078$12,472$9,604$2,875
23 years$24,621$19,222$14,846$11,359$8,621$2,411
24 years$23,344$18,009$13,730$10,360$7,749$2,023
25 years$22,172$16,901$12,716$9,461$6,973$1,699
26 years$21,092$15,884$11,794$8,651$6,281$1,427
27 years$20,093$14,949$10,952$7,918$5,663$1,199
28 years$19,168$14,086$10,181$7,255$5,110$1,008
29 years$18,307$13,289$9,474$6,653$4,614$847
30 years$17,506$12,550$8,825$6,106$4,169$712
31 years$16,758$11,864$8,227$5,607$3,769$599
32 years$16,058$11,225$7,676$5,153$3,409$504
33 years$15,401$10,631$7,167$4,739$3,086$424
34 years$14,785$10,076$6,697$4,360$2,794$357
35 years$14,205$9,556$6,261$4,014$2,530$300
36 years$13,659$9,070$5,857$3,697$2,293$252
37 years$13,143$8,615$5,482$3,406$2,078$212
38 years$12,656$8,187$5,134$3,139$1,884$179
39 years$12,195$7,785$4,810$2,895$1,708$150
40 years$11,758$7,407$4,508$2,670$1,549$127
41 years$11,343$7,051$4,227$2,463$1,406$107
42 years$10,949$6,715$3,965$2,273$1,276$90
43 years$10,575$6,398$3,721$2,099$1,158$75
44 years$10,218$6,099$3,493$1,938$1,051$64
45 years$9,878$5,816$3,279$1,790$954$53
46 years$9,554$5,548$3,080$1,653$866$45
47 years$9,245$5,294$2,894$1,527$786$38
48 years$8,950$5,054$2,719$1,411$714$32
49 years$8,667$4,826$2,556$1,304$649$27
50 years$8,397$4,610$2,403$1,205$589$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $8,600,000, adding $4,789 every year, while hoping to spend $52,917 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: 73/12/15 Blend
54$8,600,000$8,600,000$8,600,000$8,600,000
55$9,482,140$9,026,340$8,893,040$10,142,460
56$10,393,015$9,412,327$9,134,653$10,966,494
57$11,395,026$9,815,454$9,382,587$11,861,905
58$12,497,412$10,236,505$9,636,998$12,841,329
59$13,710,355$10,676,301$9,898,044$13,913,084
60$15,045,071$11,135,700$10,165,889$15,086,328
61$16,513,921$11,615,602$10,440,698$16,371,142
62$18,130,522$12,116,947$10,722,643$17,778,628
63$19,909,880$12,640,723$11,011,897$19,321,007
64$21,868,529$13,187,960$11,308,637$21,011,739
65$24,024,688$13,759,738$11,613,045$22,865,642
66$26,398,430$14,357,189$11,925,306$24,899,039
67$29,011,875$14,981,497$12,245,609$27,129,900
68$31,889,397$15,633,901$12,574,147$29,578,021
69$35,057,854$16,315,700$12,911,119$32,265,201
70$38,546,838$17,028,253$13,256,725$35,215,449
71$42,388,961$17,772,983$13,611,171$38,455,212
72$46,620,156$18,551,380$13,974,666$42,013,616
73$51,280,021$19,365,006$14,347,426$45,922,745
74$56,412,186$20,215,495$14,729,668$50,217,940
75$62,064,733$21,104,558$15,121,616$54,938,130
76$68,290,643$22,033,988$15,523,497$60,126,196
77$75,148,297$23,005,663$15,935,543$65,829,378
78$82,702,031$24,021,548$16,357,991$72,099,715
79$91,022,737$25,083,702$16,791,082$78,994,533
80$100,188,535$26,194,282$17,235,062$86,576,988
81$110,285,511$27,355,548$17,690,183$94,916,655
82$121,408,528$28,569,864$18,156,698$104,090,186
83$133,662,120$29,839,710$18,634,870$114,182,026
84$147,161,481$31,167,680$19,124,963$125,285,214
85$162,033,550$32,556,495$19,627,247$137,502,250
86$178,418,211$34,009,002$20,141,999$150,946,067
87$196,469,610$35,528,184$20,669,498$165,741,090
88$216,357,613$37,117,169$21,210,029$182,024,406
89$238,269,408$38,779,228$21,763,883$199,947,058
90$262,411,271$40,517,793$22,331,356$219,675,465
91$289,010,512$42,336,457$22,912,748$241,392,989
92$318,317,625$44,238,984$23,508,366$265,301,663
93$350,608,646$46,229,318$24,118,520$291,624,093
94$386,187,765$48,311,591$24,743,527$320,605,556
95$425,390,190$50,490,132$25,383,708$352,516,310
96$468,585,317$52,769,477$26,039,390$387,654,141
97$516,180,216$55,154,377$26,710,906$426,347,169
98$568,623,469$57,649,812$27,398,592$468,956,942
99$626,409,409$60,260,999$28,102,791$515,881,841
100$690,082,784$62,993,404$28,823,851$567,560,837