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%13%
1 years$718,438$712,038$705,795$699,701$693,750$685,081
2 years$355,662$349,038$342,619$336,395$330,357$321,634
3 years$234,753$228,100$221,697$215,531$209,592$201,086
4 years$174,310$167,678$161,339$155,278$149,483$141,260
5 years$138,054$131,462$125,205$119,269$113,635$105,718
6 years$113,891$107,348$101,185$95,380$89,915$82,315
7 years$96,638$90,151$84,085$78,417$73,125$65,844
8 years$83,705$77,276$71,311$65,782$60,664$53,701
9 years$73,651$67,283$61,420$56,032$51,088$44,440
10 years$65,612$59,306$53,547$48,300$43,530$37,193
11 years$59,040$52,797$47,142$42,035$37,437$31,405
12 years$53,566$47,388$41,837$36,871$32,442$26,709
13 years$48,939$42,825$37,379$32,551$28,290$22,848
14 years$44,976$38,926$33,585$28,895$24,799$19,640
15 years$41,544$35,560$30,323$25,770$21,835$16,950
16 years$38,544$32,626$27,492$23,074$19,298$14,679
17 years$35,900$30,047$25,017$20,732$17,111$12,748
18 years$33,553$27,765$22,837$18,683$15,214$11,099
19 years$31,454$25,732$20,906$16,882$13,561$9,683
20 years$29,569$23,911$19,187$15,290$12,113$8,463
21 years$27,864$22,273$17,648$13,877$10,839$7,409
22 years$26,317$20,791$16,265$12,617$9,716$6,494
23 years$24,907$19,445$15,018$11,491$8,722$5,699
24 years$23,616$18,219$13,889$10,480$7,839$5,007
25 years$22,430$17,097$12,864$9,571$7,054$4,402
26 years$21,337$16,069$11,931$8,751$6,354$3,874
27 years$20,327$15,123$11,079$8,010$5,729$3,411
28 years$19,390$14,250$10,299$7,339$5,169$3,005
29 years$18,520$13,443$9,584$6,730$4,668$2,649
30 years$17,709$12,696$8,928$6,177$4,217$2,337
31 years$16,953$12,002$8,323$5,673$3,813$2,062
32 years$16,244$11,356$7,765$5,213$3,449$1,820
33 years$15,580$10,754$7,251$4,794$3,121$1,606
34 years$14,957$10,193$6,775$4,411$2,826$1,419
35 years$14,370$9,668$6,334$4,061$2,560$1,253
36 years$13,818$9,176$5,925$3,740$2,319$1,107
37 years$13,296$8,715$5,546$3,446$2,102$978
38 years$12,803$8,282$5,193$3,176$1,906$865
39 years$12,336$7,876$4,866$2,928$1,728$764
40 years$11,894$7,493$4,561$2,701$1,567$676
41 years$11,475$7,133$4,276$2,492$1,422$598
42 years$11,076$6,793$4,011$2,300$1,290$528
43 years$10,697$6,472$3,764$2,123$1,171$467
44 years$10,337$6,169$3,533$1,960$1,063$413
45 years$9,993$5,883$3,318$1,810$965$366
46 years$9,665$5,612$3,116$1,672$876$323
47 years$9,353$5,356$2,927$1,545$796$286
48 years$9,054$5,113$2,751$1,428$723$253
49 years$8,768$4,883$2,586$1,319$656$224
50 years$8,494$4,664$2,431$1,219$596$198

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 $4,702 every year, while hoping to spend $39,406 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: 47/40/13 Blend
54$8,700,000$8,700,000$8,700,000$8,700,000
55$9,592,250$9,131,150$8,996,300$10,007,990
56$10,528,732$9,536,649$9,255,748$10,701,400
57$11,559,414$9,960,696$9,522,568$11,449,105
58$12,693,864$10,404,160$9,796,963$12,259,723
59$13,942,622$10,867,947$10,079,145$13,139,124
60$15,317,304$11,353,011$10,369,331$14,093,752
61$16,830,708$11,860,348$10,667,743$15,130,684
62$18,496,938$12,391,002$10,974,610$16,257,693
63$20,331,531$12,946,068$11,290,165$17,483,319
64$22,351,613$13,526,691$11,614,651$18,816,943
65$24,576,050$14,134,071$11,948,315$20,268,876
66$27,025,634$14,769,467$12,291,410$21,850,448
67$29,723,274$15,434,197$12,644,198$23,574,113
68$32,694,216$16,129,641$13,006,947$25,453,562
69$35,966,278$16,857,245$13,379,931$27,503,846
70$39,570,114$17,618,525$13,763,434$29,741,518
71$43,539,502$18,415,069$14,157,746$32,184,777
72$47,911,665$19,248,541$14,563,164$34,853,641
73$52,727,619$20,120,684$14,979,994$37,770,126
74$58,032,562$21,033,324$15,408,550$40,958,452
75$63,876,302$21,988,375$15,849,155$44,445,261
76$70,313,723$22,987,843$16,302,139$48,259,867
77$77,405,304$24,033,829$16,767,842$52,434,523
78$85,217,694$25,128,535$17,246,614$57,004,718
79$93,824,334$26,274,269$17,738,811$62,009,508
80$103,306,156$27,473,449$18,244,801$67,491,875
81$113,752,344$28,728,608$18,764,962$73,499,125
82$125,261,176$30,042,402$19,299,681$80,083,325
83$137,940,950$31,417,614$19,849,354$87,301,791
84$151,911,010$32,857,160$20,414,391$95,217,612
85$167,302,869$34,364,096$20,995,209$103,900,244
86$184,261,450$35,941,626$21,592,237$113,426,150
87$202,946,458$37,593,106$22,205,917$123,879,516
88$223,533,883$39,322,054$22,836,702$135,353,031
89$246,217,662$41,132,158$23,485,054$147,948,752
90$271,211,511$43,027,281$24,151,451$161,779,058
91$298,750,942$45,011,475$24,836,381$176,967,695
92$329,095,484$47,088,983$25,540,346$193,650,932
93$362,531,136$49,264,255$26,263,860$211,978,835
94$399,373,063$51,541,955$27,007,451$232,116,670
95$439,968,575$53,926,971$27,771,660$254,246,446
96$484,700,403$56,424,425$28,557,043$278,568,619
97$533,990,310$59,039,688$29,364,170$305,303,968
98$588,303,078$61,778,389$30,193,626$334,695,662
99$648,150,889$64,646,427$31,046,010$367,011,537
100$714,098,165$67,649,987$31,921,936$402,546,609