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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.9%
1 years$718,438$712,038$705,795$699,701$693,750$682,538
2 years$355,662$349,038$342,619$336,395$330,357$319,092
3 years$234,753$228,100$221,697$215,531$209,592$198,625
4 years$174,310$167,678$161,339$155,278$149,483$138,898
5 years$138,054$131,462$125,205$119,269$113,635$103,462
6 years$113,891$107,348$101,185$95,380$89,915$80,167
7 years$96,638$90,151$84,085$78,417$73,125$63,804
8 years$83,705$77,276$71,311$65,782$60,664$51,769
9 years$73,651$67,283$61,420$56,032$51,088$42,613
10 years$65,612$59,306$53,547$48,300$43,530$35,469
11 years$59,040$52,797$47,142$42,035$37,437$29,781
12 years$53,566$47,388$41,837$36,871$32,442$25,182
13 years$48,939$42,825$37,379$32,551$28,290$21,415
14 years$44,976$38,926$33,585$28,895$24,799$18,298
15 years$41,544$35,560$30,323$25,770$21,835$15,695
16 years$38,544$32,626$27,492$23,074$19,298$13,507
17 years$35,900$30,047$25,017$20,732$17,111$11,656
18 years$33,553$27,765$22,837$18,683$15,214$10,083
19 years$31,454$25,732$20,906$16,882$13,561$8,739
20 years$29,569$23,911$19,187$15,290$12,113$7,587
21 years$27,864$22,273$17,648$13,877$10,839$6,597
22 years$26,317$20,791$16,265$12,617$9,716$5,743
23 years$24,907$19,445$15,018$11,491$8,722$5,005
24 years$23,616$18,219$13,889$10,480$7,839$4,366
25 years$22,430$17,097$12,864$9,571$7,054$3,812
26 years$21,337$16,069$11,931$8,751$6,354$3,330
27 years$20,327$15,123$11,079$8,010$5,729$2,912
28 years$19,390$14,250$10,299$7,339$5,169$2,547
29 years$18,520$13,443$9,584$6,730$4,668$2,229
30 years$17,709$12,696$8,928$6,177$4,217$1,951
31 years$16,953$12,002$8,323$5,673$3,813$1,709
32 years$16,244$11,356$7,765$5,213$3,449$1,497
33 years$15,580$10,754$7,251$4,794$3,121$1,312
34 years$14,957$10,193$6,775$4,411$2,826$1,150
35 years$14,370$9,668$6,334$4,061$2,560$1,008
36 years$13,818$9,176$5,925$3,740$2,319$884
37 years$13,296$8,715$5,546$3,446$2,102$775
38 years$12,803$8,282$5,193$3,176$1,906$680
39 years$12,336$7,876$4,866$2,928$1,728$596
40 years$11,894$7,493$4,561$2,701$1,567$523
41 years$11,475$7,133$4,276$2,492$1,422$459
42 years$11,076$6,793$4,011$2,300$1,290$403
43 years$10,697$6,472$3,764$2,123$1,171$353
44 years$10,337$6,169$3,533$1,960$1,063$310
45 years$9,993$5,883$3,318$1,810$965$272
46 years$9,665$5,612$3,116$1,672$876$239
47 years$9,353$5,356$2,927$1,545$796$210
48 years$9,054$5,113$2,751$1,428$723$184
49 years$8,768$4,883$2,586$1,319$656$162
50 years$8,494$4,664$2,431$1,219$596$142

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 $6,492 every year, while hoping to spend $26,412 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: 35/37/28 Blend
54$8,700,000$8,700,000$8,700,000$8,700,000
55$9,594,096$9,132,996$8,998,146$9,848,693
56$10,544,592$9,552,411$9,271,482$10,459,384
57$11,591,153$9,991,492$9,553,090$11,115,011
58$12,743,550$10,451,175$9,843,218$11,821,922
59$14,012,550$10,932,440$10,142,123$12,584,726
60$15,410,016$11,436,315$10,450,070$13,408,473
61$16,949,022$11,963,879$10,767,332$14,298,703
62$18,643,973$12,516,259$11,094,187$15,261,491
63$20,510,742$13,094,640$11,430,927$16,303,504
64$22,566,822$13,700,261$11,777,847$17,432,055
65$24,831,487$14,334,424$12,135,254$18,655,173
66$27,325,978$14,998,490$12,503,465$19,981,669
67$30,073,700$15,693,888$12,882,803$21,421,219
68$33,100,445$16,422,116$13,273,604$22,984,450
69$36,434,633$17,184,743$13,676,213$24,683,033
70$40,107,584$17,983,413$14,090,984$26,529,788
71$44,153,809$18,819,852$14,518,284$28,538,803
72$48,611,339$19,695,867$14,958,488$30,725,555
73$53,522,084$20,613,352$15,411,985$33,107,058
74$58,932,224$21,574,294$15,879,175$35,702,010
75$64,892,652$22,580,776$16,360,469$38,530,967
76$71,459,448$23,634,979$16,856,290$41,616,530
77$78,694,412$24,739,193$17,367,075$44,983,549
78$86,665,643$25,895,815$17,893,273$48,659,351
79$95,448,189$27,107,360$18,435,348$52,673,992
80$105,124,748$28,376,464$18,993,776$57,060,530
81$115,786,452$29,705,891$19,569,048$61,855,330
82$127,533,729$31,098,538$20,161,669$67,098,397
83$140,477,244$32,557,442$20,772,160$72,833,745
84$154,738,953$34,085,787$21,401,058$79,109,802
85$170,453,248$35,686,911$22,048,914$85,979,860
86$187,768,224$37,364,315$22,716,298$93,502,561
87$206,847,083$39,121,666$23,403,794$101,742,448
88$227,869,670$40,962,813$24,112,006$110,770,553
89$251,034,173$42,891,787$24,841,555$120,665,062
90$276,558,992$44,912,818$25,593,081$131,512,040
91$304,684,802$47,030,339$26,367,241$143,406,225
92$335,676,823$49,248,997$27,164,715$156,451,914
93$369,827,327$51,573,666$27,986,201$170,763,930
94$407,458,393$54,009,454$28,832,418$186,468,689
95$448,924,952$56,561,720$29,704,106$203,705,383
96$494,618,132$59,236,079$30,602,029$222,627,270
97$544,968,956$62,038,422$31,526,971$243,403,109
98$600,452,407$64,974,922$32,479,742$266,218,732
99$661,591,913$68,052,054$33,461,174$291,278,780
100$728,964,290$71,276,606$34,472,125$318,808,612