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%12.3%
1 years$734,954$728,407$722,020$715,786$709,698$702,872
2 years$363,838$357,062$350,495$344,128$337,952$331,075
3 years$240,150$233,344$226,794$220,486$214,410$207,697
4 years$178,317$171,533$165,048$158,848$152,919$146,420
5 years$141,228$134,484$128,084$122,010$116,247$109,981
6 years$116,509$109,816$103,511$97,573$91,982$85,958
7 years$98,860$92,223$86,018$80,220$74,806$69,026
8 years$85,629$79,052$72,950$67,294$62,059$56,523
9 years$75,344$68,829$62,832$57,320$52,263$46,969
10 years$67,121$60,670$54,778$49,410$44,530$39,475
11 years$60,397$54,011$48,226$43,002$38,298$33,478
12 years$54,798$48,477$42,799$37,718$33,188$28,598
13 years$50,064$43,809$38,238$33,300$28,940$24,575
14 years$46,010$39,821$34,357$29,560$25,369$21,223
15 years$42,499$36,377$31,020$26,362$22,337$18,403
16 years$39,430$33,376$28,124$23,604$19,741$16,014
17 years$36,726$30,738$25,592$21,208$17,504$13,977
18 years$34,324$28,403$23,362$19,113$15,564$12,229
19 years$32,178$26,324$21,387$17,270$13,872$10,724
20 years$30,248$24,461$19,628$15,642$12,391$9,421
21 years$28,505$22,785$18,054$14,196$11,089$8,290
22 years$26,922$21,269$16,639$12,907$9,939$7,306
23 years$25,479$19,892$15,363$11,755$8,922$6,446
24 years$24,159$18,638$14,209$10,721$8,019$5,693
25 years$22,946$17,490$13,160$9,791$7,216$5,033
26 years$21,828$16,438$12,205$8,952$6,500$4,454
27 years$20,794$15,470$11,334$8,194$5,860$3,944
28 years$19,836$14,578$10,536$7,508$5,288$3,494
29 years$18,946$13,752$9,805$6,885$4,775$3,098
30 years$18,117$12,988$9,133$6,319$4,314$2,748
31 years$17,342$12,278$8,514$5,803$3,901$2,438
32 years$16,618$11,617$7,944$5,333$3,528$2,165
33 years$15,939$11,002$7,417$4,904$3,193$1,922
34 years$15,301$10,427$6,930$4,512$2,891$1,708
35 years$14,701$9,890$6,479$4,154$2,619$1,517
36 years$14,135$9,387$6,061$3,826$2,373$1,348
37 years$13,602$8,915$5,673$3,525$2,150$1,199
38 years$13,097$8,473$5,313$3,249$1,949$1,066
39 years$12,620$8,057$4,977$2,996$1,768$948
40 years$12,168$7,665$4,665$2,763$1,604$843
41 years$11,739$7,297$4,375$2,549$1,455$750
42 years$11,331$6,949$4,104$2,353$1,320$667
43 years$10,943$6,621$3,851$2,172$1,198$594
44 years$10,574$6,311$3,614$2,005$1,087$528
45 years$10,223$6,018$3,394$1,852$987$470
46 years$9,888$5,741$3,188$1,711$896$418
47 years$9,568$5,479$2,995$1,580$814$372
48 years$9,262$5,230$2,814$1,460$739$331
49 years$8,969$4,995$2,645$1,350$671$295
50 years$8,690$4,771$2,487$1,248$610$262

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 $4,340 every year, while hoping to spend $58,594 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: 73/18/9 Blend
54$8,900,000$8,900,000$8,900,000$8,900,000
55$9,812,277$9,340,577$9,202,627$10,512,868
56$10,750,785$9,735,921$9,448,571$11,371,152
57$11,783,058$10,148,674$9,700,791$12,303,140
58$12,918,597$10,579,626$9,959,434$13,322,241
59$14,167,871$11,029,605$10,224,653$14,437,046
60$15,542,416$11,499,478$10,496,601$15,657,015
61$17,054,942$11,990,151$10,775,436$16,992,558
62$18,719,451$12,502,575$11,061,319$18,455,135
63$20,551,376$13,037,741$11,354,413$20,057,361
64$22,567,716$13,596,690$11,654,886$21,813,126
65$24,787,207$14,180,512$11,962,908$23,737,723
66$27,230,489$14,790,344$12,278,653$25,847,987
67$29,920,308$15,427,380$12,602,297$28,162,459
68$32,881,727$16,092,869$12,934,021$30,701,553
69$36,142,361$16,788,117$13,274,009$33,487,749
70$39,732,641$17,514,494$13,622,447$36,545,804
71$43,686,097$18,273,431$13,979,526$39,902,979
72$48,039,679$19,066,430$14,345,440$43,589,301
73$52,834,101$19,895,059$14,720,387$47,637,838
74$58,114,227$20,760,965$15,104,568$52,085,010
75$63,929,493$21,665,867$15,498,186$56,970,931
76$70,334,377$22,611,570$15,901,450$62,339,786
77$77,388,907$23,599,960$16,314,573$68,240,243
78$85,159,232$24,633,015$16,737,768$74,725,909
79$93,718,245$25,712,805$17,171,255$81,855,835
80$103,146,270$26,841,496$17,615,255$89,695,068
81$113,531,820$28,021,360$18,069,997$98,315,263
82$124,972,431$29,254,772$18,535,707$107,795,357
83$137,575,587$30,544,223$19,012,621$118,222,305
84$151,459,727$31,892,321$19,500,974$129,691,904
85$166,755,370$33,301,795$20,001,007$142,309,688
86$183,606,340$34,775,506$20,512,964$156,191,922
87$202,171,131$36,316,449$21,037,092$171,466,696
88$222,624,393$37,927,762$21,573,642$188,275,126
89$245,158,591$39,612,732$22,122,868$206,772,686
90$269,985,811$41,374,800$22,685,028$227,130,666
91$297,339,771$43,217,573$23,260,384$249,537,788
92$327,478,020$45,144,826$23,849,199$274,201,979
93$360,684,373$47,160,517$24,451,742$301,352,327
94$397,271,587$49,268,791$25,068,283$331,241,243
95$437,584,315$51,473,988$25,699,097$364,146,832
96$482,002,359$53,780,657$26,344,461$400,375,513
97$530,944,253$56,193,562$27,004,654$440,264,908
98$584,871,217$58,717,697$27,679,959$484,187,018
99$644,291,506$61,358,289$28,370,663$532,551,729
100$709,765,213$64,120,818$29,077,053$585,810,676