Can I retire at age 55 with 8,900,000?

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 $8,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$734,954$728,407$722,020$715,786$709,698$703,752
2 years$363,838$357,062$350,495$344,128$337,952$331,959
3 years$240,150$233,344$226,794$220,486$214,410$208,556
4 years$178,317$171,533$165,048$158,848$152,919$147,249
5 years$141,228$134,484$128,084$122,010$116,247$110,777
6 years$116,509$109,816$103,511$97,573$91,982$86,720
7 years$98,860$92,223$86,018$80,220$74,806$69,754
8 years$85,629$79,052$72,950$67,294$62,059$57,217
9 years$75,344$68,829$62,832$57,320$52,263$47,629
10 years$67,121$60,670$54,778$49,410$44,530$40,103
11 years$60,397$54,011$48,226$43,002$38,298$34,072
12 years$54,798$48,477$42,799$37,718$33,188$29,161
13 years$50,064$43,809$38,238$33,300$28,940$25,108
14 years$46,010$39,821$34,357$29,560$25,369$21,726
15 years$42,499$36,377$31,020$26,362$22,337$18,878
16 years$39,430$33,376$28,124$23,604$19,741$16,461
17 years$36,726$30,738$25,592$21,208$17,504$14,396
18 years$34,324$28,403$23,362$19,113$15,564$12,623
19 years$32,178$26,324$21,387$17,270$13,872$11,093
20 years$30,248$24,461$19,628$15,642$12,391$9,767
21 years$28,505$22,785$18,054$14,196$11,089$8,614
22 years$26,922$21,269$16,639$12,907$9,939$7,608
23 years$25,479$19,892$15,363$11,755$8,922$6,728
24 years$24,159$18,638$14,209$10,721$8,019$5,956
25 years$22,946$17,490$13,160$9,791$7,216$5,278
26 years$21,828$16,438$12,205$8,952$6,500$4,681
27 years$20,794$15,470$11,334$8,194$5,860$4,155
28 years$19,836$14,578$10,536$7,508$5,288$3,690
29 years$18,946$13,752$9,805$6,885$4,775$3,280
30 years$18,117$12,988$9,133$6,319$4,314$2,916
31 years$17,342$12,278$8,514$5,803$3,901$2,594
32 years$16,618$11,617$7,944$5,333$3,528$2,309
33 years$15,939$11,002$7,417$4,904$3,193$2,055
34 years$15,301$10,427$6,930$4,512$2,891$1,830
35 years$14,701$9,890$6,479$4,154$2,619$1,630
36 years$14,135$9,387$6,061$3,826$2,373$1,453
37 years$13,602$8,915$5,673$3,525$2,150$1,295
38 years$13,097$8,473$5,313$3,249$1,949$1,154
39 years$12,620$8,057$4,977$2,996$1,768$1,029
40 years$12,168$7,665$4,665$2,763$1,604$917
41 years$11,739$7,297$4,375$2,549$1,455$818
42 years$11,331$6,949$4,104$2,353$1,320$730
43 years$10,943$6,621$3,851$2,172$1,198$651
44 years$10,574$6,311$3,614$2,005$1,087$581
45 years$10,223$6,018$3,394$1,852$987$518
46 years$9,888$5,741$3,188$1,711$896$462
47 years$9,568$5,479$2,995$1,580$814$413
48 years$9,262$5,230$2,814$1,460$739$368
49 years$8,969$4,995$2,645$1,350$671$329
50 years$8,690$4,771$2,487$1,248$610$293

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $8,900,000, adding $2,936 every year, while hoping to spend $59,255 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: 64/27/9 Blend
54$8,900,000$8,900,000$8,900,000$8,900,000
55$9,810,828$9,339,128$9,201,178$10,420,103
56$10,748,486$9,733,699$9,446,371$11,221,362
57$11,779,799$10,145,617$9,697,792$12,088,942
58$12,914,257$10,575,671$9,955,586$13,035,002
59$14,162,317$11,024,685$10,219,904$14,067,166
60$15,535,499$11,493,520$10,490,897$15,193,816
61$17,046,498$11,983,080$10,768,719$16,424,176
62$18,709,299$12,494,310$11,053,530$17,768,393
63$20,539,314$13,028,197$11,345,490$19,237,630
64$22,553,523$13,585,778$11,644,763$20,844,173
65$24,770,636$14,168,135$11,951,516$22,601,540
66$27,211,269$14,776,402$12,265,920$24,524,607
67$29,898,138$15,411,765$12,588,148$26,629,749
68$32,856,275$16,075,469$12,918,378$28,934,989
69$36,113,260$16,768,812$13,256,789$31,460,163
70$39,699,486$17,493,157$13,603,565$34,227,111
71$43,648,441$18,249,929$13,958,891$37,259,871
72$47,997,027$19,040,620$14,322,959$40,584,910
73$52,785,907$19,866,794$14,695,961$44,231,369
74$58,059,888$20,730,085$15,078,094$48,231,331
75$63,868,344$21,632,206$15,469,558$52,620,122
76$70,265,682$22,574,952$15,870,556$57,436,641
77$77,311,856$23,560,199$16,281,294$62,723,724
78$85,072,931$24,589,915$16,701,983$68,528,542
79$93,621,707$25,666,157$17,132,835$74,903,043
80$103,038,404$26,791,082$17,574,069$81,904,436
81$113,411,424$27,966,948$18,025,903$89,595,728
82$124,838,180$29,196,119$18,488,561$98,046,314
83$137,426,017$30,481,071$18,962,271$107,332,625
84$151,293,225$31,824,398$19,447,261$117,538,846
85$166,570,156$33,228,815$19,943,766$128,757,701
86$183,400,451$34,697,167$20,452,022$141,091,326
87$201,942,401$36,232,432$20,972,269$154,652,227
88$222,370,436$37,837,731$21,504,750$169,564,333
89$244,876,773$39,516,332$22,049,711$185,964,159
90$269,673,229$41,271,658$22,607,402$204,002,088
91$296,993,224$43,107,294$23,178,075$223,843,787
92$327,093,977$45,026,996$23,761,985$245,671,755
93$360,258,942$47,034,698$24,359,390$269,687,045
94$396,800,476$49,134,521$24,970,552$296,111,149
95$437,062,794$51,330,781$25,595,735$325,188,080
96$481,425,210$53,628,001$26,235,204$357,186,670
97$530,305,727$56,030,919$26,889,228$392,403,093
98$584,164,974$58,544,496$27,558,080$431,163,654
99$643,510,557$61,173,933$28,242,032$473,827,856
100$708,901,854$63,924,676$28,941,360$520,791,785