Can I retire at age 55 with 9,000,000?

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 $9,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$743,212$736,591$730,133$723,828$717,673$709,588
2 years$367,927$361,074$354,433$347,994$341,749$333,610
3 years$242,848$235,966$229,342$222,963$216,820$208,879
4 years$180,321$173,460$166,902$160,633$154,638$146,956
5 years$142,814$135,995$129,523$123,381$117,553$110,154
6 years$117,818$111,050$104,674$98,669$93,016$85,908
7 years$99,971$93,260$86,984$81,121$75,647$68,832
8 years$86,591$79,941$73,770$68,051$62,756$56,236
9 years$76,191$69,603$63,538$57,964$52,850$46,620
10 years$67,875$61,351$55,394$49,966$45,031$39,088
11 years$61,076$54,618$48,768$43,485$38,728$33,067
12 years$55,414$49,022$43,280$38,142$33,561$28,176
13 years$50,626$44,301$38,668$33,674$29,266$24,150
14 years$46,527$40,269$34,743$29,892$25,654$20,800
15 years$42,977$36,786$31,369$26,658$22,588$17,988
16 years$39,873$33,751$28,440$23,870$19,963$15,610
17 years$37,138$31,083$25,879$21,447$17,701$13,586
18 years$34,710$28,722$23,625$19,328$15,739$11,854
19 years$32,539$26,619$21,627$17,464$14,028$10,364
20 years$30,588$24,736$19,848$15,817$12,530$9,079
21 years$28,825$23,041$18,257$14,355$11,213$7,965
22 years$27,225$21,508$16,826$13,052$10,051$6,998
23 years$25,766$20,116$15,536$11,887$9,022$6,155
24 years$24,430$18,847$14,368$10,841$8,110$5,420
25 years$23,203$17,687$13,308$9,901$7,297$4,777
26 years$22,073$16,623$12,342$9,053$6,573$4,213
27 years$21,028$15,644$11,461$8,286$5,926$3,719
28 years$20,059$14,741$10,654$7,592$5,347$3,285
29 years$19,159$13,907$9,915$6,962$4,829$2,903
30 years$18,320$13,133$9,235$6,390$4,363$2,566
31 years$17,537$12,416$8,610$5,868$3,944$2,270
32 years$16,804$11,748$8,033$5,393$3,568$2,008
33 years$16,118$11,125$7,501$4,959$3,229$1,777
34 years$15,473$10,544$7,008$4,563$2,924$1,574
35 years$14,866$10,001$6,552$4,201$2,648$1,394
36 years$14,294$9,492$6,129$3,869$2,399$1,234
37 years$13,754$9,016$5,737$3,564$2,175$1,094
38 years$13,244$8,568$5,372$3,285$1,971$969
39 years$12,762$8,147$5,033$3,029$1,788$859
40 years$12,304$7,752$4,718$2,794$1,622$761
41 years$11,870$7,379$4,424$2,578$1,471$675
42 years$11,458$7,027$4,150$2,379$1,335$598
43 years$11,066$6,696$3,894$2,196$1,211$530
44 years$10,693$6,382$3,655$2,028$1,100$470
45 years$10,338$6,086$3,432$1,873$998$417
46 years$9,999$5,806$3,223$1,730$906$370
47 years$9,675$5,541$3,028$1,598$823$328
48 years$9,366$5,289$2,846$1,477$747$291
49 years$9,070$5,051$2,675$1,365$679$258
50 years$8,787$4,825$2,515$1,262$617$229

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $9,000,000, adding $4,163 every year, while hoping to spend $36,317 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: 71/15/14 Blend
54$9,000,000$9,000,000$9,000,000$9,000,000
55$9,922,294$9,445,294$9,305,794$10,595,711
56$10,895,727$9,869,473$9,578,897$11,467,231
57$11,967,233$10,313,218$9,859,932$12,416,187
58$13,146,777$10,777,452$10,149,126$13,454,083
59$14,445,340$11,263,139$10,446,713$14,589,694
60$15,875,020$11,771,288$10,752,933$15,832,682
61$17,449,149$12,302,958$11,068,034$17,193,678
62$19,182,418$12,859,259$11,392,269$18,684,390
63$21,091,015$13,441,353$11,725,900$20,317,704
64$23,192,776$14,050,457$12,069,195$22,107,805
65$25,507,356$14,687,847$12,422,431$24,070,314
66$28,056,415$15,354,860$12,785,890$26,222,428
67$30,863,818$16,052,896$13,159,866$28,583,083
68$33,955,864$16,783,425$13,544,659$31,173,131
69$37,361,533$17,547,983$13,940,575$34,015,532
70$41,112,758$18,348,184$14,347,934$37,135,572
71$45,244,730$19,185,715$14,767,059$40,561,096
72$49,796,224$20,062,346$15,198,288$44,322,772
73$54,809,971$20,979,934$15,641,963$48,454,375
74$60,333,059$21,940,421$16,098,439$52,993,104
75$66,417,374$22,945,845$16,568,080$57,979,929
76$73,120,095$23,998,340$17,051,259$63,459,979
77$80,504,230$25,100,145$17,548,362$69,482,960
78$88,639,213$26,253,603$18,059,783$76,103,624
79$97,601,555$27,461,172$18,585,929$83,382,283
80$107,475,573$28,725,429$19,127,217$91,385,371
81$118,354,178$30,049,071$19,684,075$100,186,073
82$130,339,758$31,434,929$20,256,945$109,865,007
83$143,545,141$32,885,968$20,846,280$120,510,984
84$158,094,660$34,405,296$21,452,546$132,221,844
85$174,125,331$35,996,171$22,076,221$145,105,370
86$191,788,137$37,662,006$22,717,797$159,280,304
87$211,249,463$39,406,380$23,377,780$174,877,466
88$232,692,662$41,233,046$24,056,689$192,040,979
89$256,319,782$43,145,934$24,755,057$210,929,628
90$282,353,482$45,149,167$25,473,433$231,718,352
91$311,039,125$47,247,064$26,212,381$254,599,891
92$342,647,100$49,444,154$26,972,480$279,786,597
93$377,475,371$51,745,184$27,754,325$307,512,439
94$415,852,290$54,155,130$28,558,526$338,035,197
95$458,139,701$56,679,208$29,385,714$371,638,896
96$504,736,347$59,322,886$30,236,532$408,636,476
97$556,081,642$62,091,895$31,111,643$449,372,741
98$612,659,816$64,992,245$32,011,730$494,227,607
99$675,004,487$68,030,234$32,937,492$543,619,678
100$743,703,695$71,212,466$33,889,649$598,010,194