Can I retire at age 55 with 8,700,000?

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$718,438$712,038$705,795$699,701$693,750$675,609
2 years$355,662$349,038$342,619$336,395$330,357$312,204
3 years$234,753$228,100$221,697$215,531$209,592$191,994
4 years$174,310$167,678$161,339$155,278$149,483$132,576
5 years$138,054$131,462$125,205$119,269$113,635$97,466
6 years$113,891$107,348$101,185$95,380$89,915$74,500
7 years$96,638$90,151$84,085$78,417$73,125$58,465
8 years$83,705$77,276$71,311$65,782$60,664$46,752
9 years$73,651$67,283$61,420$56,032$51,088$37,911
10 years$65,612$59,306$53,547$48,300$43,530$31,072
11 years$59,040$52,797$47,142$42,035$37,437$25,679
12 years$53,566$47,388$41,837$36,871$32,442$21,364
13 years$48,939$42,825$37,379$32,551$28,290$17,868
14 years$44,976$38,926$33,585$28,895$24,799$15,010
15 years$41,544$35,560$30,323$25,770$21,835$12,653
16 years$38,544$32,626$27,492$23,074$19,298$10,698
17 years$35,900$30,047$25,017$20,732$17,111$9,068
18 years$33,553$27,765$22,837$18,683$15,214$7,701
19 years$31,454$25,732$20,906$16,882$13,561$6,552
20 years$29,569$23,911$19,187$15,290$12,113$5,582
21 years$27,864$22,273$17,648$13,877$10,839$4,762
22 years$26,317$20,791$16,265$12,617$9,716$4,067
23 years$24,907$19,445$15,018$11,491$8,722$3,476
24 years$23,616$18,219$13,889$10,480$7,839$2,973
25 years$22,430$17,097$12,864$9,571$7,054$2,544
26 years$21,337$16,069$11,931$8,751$6,354$2,179
27 years$20,327$15,123$11,079$8,010$5,729$1,867
28 years$19,390$14,250$10,299$7,339$5,169$1,600
29 years$18,520$13,443$9,584$6,730$4,668$1,372
30 years$17,709$12,696$8,928$6,177$4,217$1,176
31 years$16,953$12,002$8,323$5,673$3,813$1,009
32 years$16,244$11,356$7,765$5,213$3,449$866
33 years$15,580$10,754$7,251$4,794$3,121$743
34 years$14,957$10,193$6,775$4,411$2,826$638
35 years$14,370$9,668$6,334$4,061$2,560$547
36 years$13,818$9,176$5,925$3,740$2,319$470
37 years$13,296$8,715$5,546$3,446$2,102$404
38 years$12,803$8,282$5,193$3,176$1,906$346
39 years$12,336$7,876$4,866$2,928$1,728$298
40 years$11,894$7,493$4,561$2,701$1,567$256
41 years$11,475$7,133$4,276$2,492$1,422$219
42 years$11,076$6,793$4,011$2,300$1,290$188
43 years$10,697$6,472$3,764$2,123$1,171$162
44 years$10,337$6,169$3,533$1,960$1,063$139
45 years$9,993$5,883$3,318$1,810$965$119
46 years$9,665$5,612$3,116$1,672$876$103
47 years$9,353$5,356$2,927$1,545$796$88
48 years$9,054$5,113$2,751$1,428$723$76
49 years$8,768$4,883$2,586$1,319$656$65
50 years$8,494$4,664$2,431$1,219$596$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $8,700,000, adding $3,045 every year, while hoping to spend $29,848 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: 30/44/26 Blend
54$8,700,000$8,700,000$8,700,000$8,700,000
55$9,590,541$9,129,441$8,994,591$9,801,163
56$10,537,018$9,545,025$9,264,152$10,380,443
57$11,579,035$9,979,973$9,541,742$11,000,341
58$12,726,307$10,435,202$9,827,600$11,666,620
59$13,989,535$10,911,672$10,121,970$12,383,328
60$15,380,515$11,410,391$10,425,104$13,154,897
61$16,912,243$11,932,415$10,737,260$13,986,179
62$18,599,038$12,478,850$11,058,704$14,882,493
63$20,456,682$13,050,856$11,389,713$15,849,663
64$22,502,562$13,649,646$11,730,567$16,894,076
65$24,755,840$14,276,496$12,081,558$18,022,731
66$27,237,630$14,932,738$12,442,984$19,243,305
67$29,971,198$15,619,772$12,815,154$20,564,219
68$32,982,184$16,339,064$13,198,385$21,994,711
69$36,298,838$17,092,150$13,593,002$23,544,917
70$39,952,294$17,880,640$13,999,342$25,225,964
71$43,976,858$18,706,221$14,417,750$27,050,064
72$48,410,334$19,570,663$14,848,582$29,030,629
73$53,294,383$20,475,819$15,292,203$31,182,385
74$58,674,909$21,423,634$15,748,991$33,521,507
75$64,602,500$22,416,143$16,219,333$36,065,763
76$71,132,903$23,455,481$16,703,628$38,834,676
77$78,327,546$24,543,887$17,202,287$41,849,698
78$86,254,124$25,683,706$17,715,732$45,134,404
79$94,987,235$26,877,397$18,244,399$48,714,709
80$104,609,080$28,127,537$18,788,734$52,619,098
81$115,210,249$29,436,829$19,349,199$56,878,892
82$126,890,564$30,808,103$19,926,267$61,528,525
83$139,760,030$32,244,330$20,520,426$66,605,869
84$153,939,872$33,748,620$21,132,178$72,152,569
85$169,563,673$35,324,236$21,762,040$78,214,434
86$186,778,642$36,974,599$22,410,544$84,841,854
87$205,747,002$38,703,293$23,078,235$92,090,259
88$226,647,518$40,514,076$23,765,678$100,020,637
89$249,677,189$42,410,889$24,473,452$108,700,089
90$275,053,101$44,397,862$25,202,152$118,202,451
91$303,014,485$46,479,325$25,952,391$128,608,977
92$333,824,968$48,659,817$26,724,802$140,009,086
93$367,775,066$50,944,099$27,520,034$152,501,193
94$405,184,921$53,337,159$28,338,754$166,193,622
95$446,407,331$55,844,227$29,181,650$181,205,606
96$491,831,074$58,470,789$30,049,430$197,668,397
97$541,884,579$61,222,594$30,942,822$215,726,482
98$597,039,974$64,105,669$31,862,574$235,538,932
99$657,817,539$67,126,335$32,809,458$257,280,875
100$724,790,620$70,291,217$33,784,267$281,145,130