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%19.8%
1 years$734,954$728,407$722,020$715,786$709,698$681,810
2 years$363,838$357,062$350,495$344,128$337,952$310,195
3 years$240,150$233,344$226,794$220,486$214,410$187,661
4 years$178,317$171,533$165,048$158,848$152,919$127,380
5 years$141,228$134,484$128,084$122,010$116,247$91,982
6 years$116,509$109,816$103,511$97,573$91,982$69,009
7 years$98,860$92,223$86,018$80,220$74,806$53,116
8 years$85,629$79,052$72,950$67,294$62,059$41,630
9 years$75,344$68,829$62,832$57,320$52,263$33,064
10 years$67,121$60,670$54,778$49,410$44,530$26,526
11 years$60,397$54,011$48,226$43,002$38,298$21,445
12 years$54,798$48,477$42,799$37,718$33,188$17,443
13 years$50,064$43,809$38,238$33,300$28,940$14,256
14 years$46,010$39,821$34,357$29,560$25,369$11,695
15 years$42,499$36,377$31,020$26,362$22,337$9,625
16 years$39,430$33,376$28,124$23,604$19,741$7,940
17 years$36,726$30,738$25,592$21,208$17,504$6,564
18 years$34,324$28,403$23,362$19,113$15,564$5,436
19 years$32,178$26,324$21,387$17,270$13,872$4,507
20 years$30,248$24,461$19,628$15,642$12,391$3,742
21 years$28,505$22,785$18,054$14,196$11,089$3,109
22 years$26,922$21,269$16,639$12,907$9,939$2,585
23 years$25,479$19,892$15,363$11,755$8,922$2,151
24 years$24,159$18,638$14,209$10,721$8,019$1,791
25 years$22,946$17,490$13,160$9,791$7,216$1,492
26 years$21,828$16,438$12,205$8,952$6,500$1,243
27 years$20,794$15,470$11,334$8,194$5,860$1,036
28 years$19,836$14,578$10,536$7,508$5,288$864
29 years$18,946$13,752$9,805$6,885$4,775$720
30 years$18,117$12,988$9,133$6,319$4,314$601
31 years$17,342$12,278$8,514$5,803$3,901$501
32 years$16,618$11,617$7,944$5,333$3,528$418
33 years$15,939$11,002$7,417$4,904$3,193$349
34 years$15,301$10,427$6,930$4,512$2,891$291
35 years$14,701$9,890$6,479$4,154$2,619$243
36 years$14,135$9,387$6,061$3,826$2,373$203
37 years$13,602$8,915$5,673$3,525$2,150$169
38 years$13,097$8,473$5,313$3,249$1,949$141
39 years$12,620$8,057$4,977$2,996$1,768$118
40 years$12,168$7,665$4,665$2,763$1,604$98
41 years$11,739$7,297$4,375$2,549$1,455$82
42 years$11,331$6,949$4,104$2,353$1,320$68
43 years$10,943$6,621$3,851$2,172$1,198$57
44 years$10,574$6,311$3,614$2,005$1,087$48
45 years$10,223$6,018$3,394$1,852$987$40
46 years$9,888$5,741$3,188$1,711$896$33
47 years$9,568$5,479$2,995$1,580$814$28
48 years$9,262$5,230$2,814$1,460$739$23
49 years$8,969$4,995$2,645$1,350$671$19
50 years$8,690$4,771$2,487$1,248$610$16

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 $3,721 every year, while hoping to spend $25,828 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: 54/24/22 Blend
54$8,900,000$8,900,000$8,900,000$8,900,000
55$9,811,638$9,339,938$9,201,988$10,282,104
56$10,784,945$9,770,114$9,482,774$11,035,766
57$11,856,662$10,220,504$9,772,101$11,852,763
58$13,036,803$10,692,069$10,070,227$12,741,613
59$14,336,396$11,185,820$10,377,419$13,709,197
60$15,767,598$11,702,815$10,693,952$14,763,075
61$17,343,803$12,244,162$11,020,109$15,911,564
62$19,079,769$12,811,025$11,356,181$17,163,804
63$20,991,762$13,404,621$11,702,469$18,529,849
64$23,097,702$14,026,228$12,059,283$20,020,756
65$25,417,339$14,677,184$12,426,940$21,648,687
66$27,972,434$15,358,893$12,805,769$23,427,019
67$30,786,969$16,072,825$13,196,108$25,370,471
68$33,887,368$16,820,522$13,598,307$27,495,236
69$37,302,752$17,603,601$14,012,723$29,819,129
70$41,065,210$18,423,754$14,439,726$32,361,759
71$45,210,103$19,282,759$14,879,698$35,144,700
72$49,776,396$20,182,477$15,333,031$38,191,699
73$54,807,029$21,124,859$15,800,128$41,528,892
74$60,349,320$22,111,951$16,281,406$45,185,046
75$66,455,412$23,145,898$16,777,295$49,191,828
76$73,182,765$24,228,948$17,288,235$53,584,098
77$80,594,698$25,363,458$17,814,682$58,400,233
78$88,760,988$26,551,898$18,357,105$63,682,484
79$97,758,527$27,796,859$18,915,986$69,477,371
80$107,672,049$29,101,057$19,491,823$75,836,114
81$118,594,927$30,467,338$20,085,128$82,815,110
82$130,630,059$31,898,688$20,696,430$90,476,464
83$143,890,837$33,398,234$21,326,272$98,888,564
84$158,502,213$34,969,259$21,975,213$108,126,722
85$174,601,887$36,615,201$22,643,831$118,273,875
86$192,341,600$38,339,666$23,332,719$129,421,365
87$211,888,568$40,146,435$24,042,491$141,669,791
88$233,427,063$42,039,472$24,773,775$155,129,949
89$257,160,150$44,022,932$25,527,223$169,923,875
90$283,311,602$46,101,172$26,303,502$186,185,981
91$312,128,018$48,278,762$27,103,301$204,064,318
92$343,881,145$50,560,491$27,927,331$223,721,967
93$378,870,447$52,951,380$28,776,322$245,338,562
94$417,425,931$55,456,696$29,651,027$269,111,982
95$459,911,261$58,081,959$30,552,222$295,260,202
96$506,727,193$60,832,959$31,480,705$324,023,343
97$558,315,358$63,715,764$32,437,299$355,665,926
98$615,162,427$66,736,740$33,422,852$390,479,355
99$677,804,714$69,902,559$34,438,236$428,784,658
100$746,833,228$73,220,218$35,484,351$470,935,499