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%12.5%
1 years$718,438$712,038$705,795$699,701$693,750$686,505
2 years$355,662$349,038$342,619$336,395$330,357$323,061
3 years$234,753$228,100$221,697$215,531$209,592$202,472
4 years$174,310$167,678$161,339$155,278$149,483$142,593
5 years$138,054$131,462$125,205$119,269$113,635$106,995
6 years$113,891$107,348$101,185$95,380$89,915$83,534
7 years$96,638$90,151$84,085$78,417$73,125$67,005
8 years$83,705$77,276$71,311$65,782$60,664$54,805
9 years$73,651$67,283$61,420$56,032$51,088$45,488
10 years$65,612$59,306$53,547$48,300$43,530$38,185
11 years$59,040$52,797$47,142$42,035$37,437$32,343
12 years$53,566$47,388$41,837$36,871$32,442$27,594
13 years$48,939$42,825$37,379$32,551$28,290$23,682
14 years$44,976$38,926$33,585$28,895$24,799$20,424
15 years$41,544$35,560$30,323$25,770$21,835$17,687
16 years$38,544$32,626$27,492$23,074$19,298$15,370
17 years$35,900$30,047$25,017$20,732$17,111$13,395
18 years$33,553$27,765$22,837$18,683$15,214$11,704
19 years$31,454$25,732$20,906$16,882$13,561$10,248
20 years$29,569$23,911$19,187$15,290$12,113$8,990
21 years$27,864$22,273$17,648$13,877$10,839$7,899
22 years$26,317$20,791$16,265$12,617$9,716$6,951
23 years$24,907$19,445$15,018$11,491$8,722$6,123
24 years$23,616$18,219$13,889$10,480$7,839$5,400
25 years$22,430$17,097$12,864$9,571$7,054$4,767
26 years$21,337$16,069$11,931$8,751$6,354$4,211
27 years$20,327$15,123$11,079$8,010$5,729$3,723
28 years$19,390$14,250$10,299$7,339$5,169$3,293
29 years$18,520$13,443$9,584$6,730$4,668$2,915
30 years$17,709$12,696$8,928$6,177$4,217$2,581
31 years$16,953$12,002$8,323$5,673$3,813$2,287
32 years$16,244$11,356$7,765$5,213$3,449$2,027
33 years$15,580$10,754$7,251$4,794$3,121$1,797
34 years$14,957$10,193$6,775$4,411$2,826$1,594
35 years$14,370$9,668$6,334$4,061$2,560$1,414
36 years$13,818$9,176$5,925$3,740$2,319$1,254
37 years$13,296$8,715$5,546$3,446$2,102$1,113
38 years$12,803$8,282$5,193$3,176$1,906$988
39 years$12,336$7,876$4,866$2,928$1,728$877
40 years$11,894$7,493$4,561$2,701$1,567$779
41 years$11,475$7,133$4,276$2,492$1,422$691
42 years$11,076$6,793$4,011$2,300$1,290$614
43 years$10,697$6,472$3,764$2,123$1,171$545
44 years$10,337$6,169$3,533$1,960$1,063$484
45 years$9,993$5,883$3,318$1,810$965$430
46 years$9,665$5,612$3,116$1,672$876$382
47 years$9,353$5,356$2,927$1,545$796$340
48 years$9,054$5,113$2,751$1,428$723$302
49 years$8,768$4,883$2,586$1,319$656$268
50 years$8,494$4,664$2,431$1,219$596$238

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 $3,457 every year, while hoping to spend $55,160 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: 68/23/9 Blend
54$8,700,000$8,700,000$8,700,000$8,700,000
55$9,590,966$9,129,866$8,995,016$10,226,222
56$10,510,555$9,518,540$9,237,659$11,036,877
57$11,522,093$9,924,409$9,486,582$11,916,116
58$12,634,901$10,348,260$9,741,937$12,876,183
59$13,859,248$10,790,912$10,003,880$13,924,988
60$15,206,450$11,253,225$10,272,568$15,071,231
61$16,688,973$11,736,099$10,548,165$16,324,488
62$18,320,555$12,240,474$10,830,835$17,695,294
63$20,116,332$12,767,338$11,120,748$19,195,245
64$22,092,980$13,317,720$11,418,076$20,837,106
65$24,268,878$13,892,702$11,722,995$22,634,923
66$26,664,273$14,493,414$12,035,685$24,604,159
67$29,301,477$15,121,040$12,356,329$26,761,837
68$32,205,076$15,776,819$12,685,114$29,126,698
69$35,402,160$16,462,049$13,022,231$31,719,371
70$38,922,580$17,178,089$13,367,875$34,562,573
71$42,799,228$17,926,360$13,722,244$37,681,314
72$47,068,351$18,708,354$14,085,541$41,103,134
73$51,769,888$19,525,628$14,457,971$44,858,357
74$56,947,849$20,379,816$14,839,746$48,980,376
75$62,650,731$21,272,629$15,231,080$53,505,967
76$68,931,975$22,205,857$15,632,190$58,475,628
77$75,850,468$23,181,376$16,043,300$63,933,960
78$83,471,101$24,201,149$16,464,636$69,930,086
79$91,865,382$25,267,233$16,896,429$76,518,107
80$101,112,106$26,381,783$17,338,915$83,757,614
81$111,298,104$27,547,054$17,792,332$91,714,238
82$122,519,060$28,765,409$18,256,925$100,460,276
83$134,880,413$30,039,322$18,732,940$110,075,360
84$148,498,353$31,371,387$19,220,631$120,647,206
85$163,500,917$32,764,316$19,720,254$132,272,440
86$180,029,198$34,220,955$20,232,070$145,057,503
87$198,238,675$35,744,282$20,756,344$159,119,648
88$218,300,685$37,337,416$21,293,347$174,588,044
89$240,404,032$39,003,627$21,843,351$191,604,991
90$264,756,775$40,746,337$22,406,635$210,327,250
91$291,588,192$42,569,133$22,983,483$230,927,526
92$321,150,939$44,475,772$23,574,181$253,596,083
93$353,723,440$46,470,190$24,179,022$278,542,537
94$389,612,512$48,556,511$24,798,300$305,997,828
95$429,156,262$50,739,053$25,432,317$336,216,390
96$472,727,278$53,022,343$26,081,376$369,478,546
97$520,736,145$55,411,123$26,745,787$406,093,146
98$573,635,322$57,910,359$27,425,862$446,400,474
99$631,923,415$60,525,257$28,121,918$490,775,448
100$696,149,878$63,261,269$28,834,277$539,631,155