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%11.8%
1 years$743,212$736,591$730,133$723,828$717,673$712,255
2 years$367,927$361,074$354,433$347,994$341,749$336,286
3 years$242,848$235,966$229,342$222,963$216,820$211,482
4 years$180,321$173,460$166,902$160,633$154,638$149,466
5 years$142,814$135,995$129,523$123,381$117,553$112,562
6 years$117,818$111,050$104,674$98,669$93,016$88,212
7 years$99,971$93,260$86,984$81,121$75,647$71,033
8 years$86,591$79,941$73,770$68,051$62,756$58,332
9 years$76,191$69,603$63,538$57,964$52,850$48,614
10 years$67,875$61,351$55,394$49,966$45,031$40,981
11 years$61,076$54,618$48,768$43,485$38,728$34,862
12 years$55,414$49,022$43,280$38,142$33,561$29,874
13 years$50,626$44,301$38,668$33,674$29,266$25,755
14 years$46,527$40,269$34,743$29,892$25,654$22,315
15 years$42,977$36,786$31,369$26,658$22,588$19,416
16 years$39,873$33,751$28,440$23,870$19,963$16,953
17 years$37,138$31,083$25,879$21,447$17,701$14,848
18 years$34,710$28,722$23,625$19,328$15,739$13,037
19 years$32,539$26,619$21,627$17,464$14,028$11,474
20 years$30,588$24,736$19,848$15,817$12,530$10,117
21 years$28,825$23,041$18,257$14,355$11,213$8,935
22 years$27,225$21,508$16,826$13,052$10,051$7,904
23 years$25,766$20,116$15,536$11,887$9,022$7,000
24 years$24,430$18,847$14,368$10,841$8,110$6,207
25 years$23,203$17,687$13,308$9,901$7,297$5,509
26 years$22,073$16,623$12,342$9,053$6,573$4,893
27 years$21,028$15,644$11,461$8,286$5,926$4,350
28 years$20,059$14,741$10,654$7,592$5,347$3,870
29 years$19,159$13,907$9,915$6,962$4,829$3,445
30 years$18,320$13,133$9,235$6,390$4,363$3,068
31 years$17,537$12,416$8,610$5,868$3,944$2,734
32 years$16,804$11,748$8,033$5,393$3,568$2,437
33 years$16,118$11,125$7,501$4,959$3,229$2,173
34 years$15,473$10,544$7,008$4,563$2,924$1,938
35 years$14,866$10,001$6,552$4,201$2,648$1,729
36 years$14,294$9,492$6,129$3,869$2,399$1,544
37 years$13,754$9,016$5,737$3,564$2,175$1,378
38 years$13,244$8,568$5,372$3,285$1,971$1,230
39 years$12,762$8,147$5,033$3,029$1,788$1,099
40 years$12,304$7,752$4,718$2,794$1,622$981
41 years$11,870$7,379$4,424$2,578$1,471$877
42 years$11,458$7,027$4,150$2,379$1,335$783
43 years$11,066$6,696$3,894$2,196$1,211$700
44 years$10,693$6,382$3,655$2,028$1,100$626
45 years$10,338$6,086$3,432$1,873$998$559
46 years$9,999$5,806$3,223$1,730$906$500
47 years$9,675$5,541$3,028$1,598$823$447
48 years$9,366$5,289$2,846$1,477$747$399
49 years$9,070$5,051$2,675$1,365$679$357
50 years$8,787$4,825$2,515$1,262$617$319

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 $3,806 every year, while hoping to spend $34,051 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: 37/40/23 Blend
54$9,000,000$9,000,000$9,000,000$9,000,000
55$9,921,926$9,444,926$9,305,426$10,220,348
56$10,897,732$9,871,497$9,580,928$10,865,313
57$11,971,930$10,317,829$9,864,517$11,558,072
58$13,154,518$10,784,855$10,156,430$12,305,690
59$14,456,516$11,273,550$10,456,908$13,113,127
60$15,890,066$11,784,938$10,766,199$13,985,823
61$17,468,545$12,320,093$11,084,560$14,929,743
62$19,206,697$12,880,138$11,412,253$15,951,433
63$21,120,765$13,466,250$11,749,548$17,058,074
64$23,228,651$14,079,664$12,096,726$18,257,550
65$25,550,078$14,721,672$12,454,071$19,558,513
66$28,106,782$15,393,630$12,821,879$20,970,465
67$30,922,714$16,096,958$13,200,451$22,503,839
68$34,024,266$16,833,144$13,590,101$24,170,095
69$37,440,520$17,603,747$13,991,149$25,981,822
70$41,203,524$18,410,401$14,403,923$27,952,852
71$45,348,592$19,254,820$14,828,764$30,098,381
72$49,914,641$20,138,798$15,266,019$32,435,115
73$54,944,551$21,064,217$15,716,048$34,981,413
74$60,485,579$22,033,047$16,179,220$37,757,457
75$66,589,798$23,047,356$16,655,913$40,785,437
76$73,314,589$24,109,308$17,146,518$44,089,751
77$80,723,188$25,221,174$17,651,436$47,697,232
78$88,885,274$26,385,333$18,171,081$51,637,386
79$97,877,635$27,604,278$18,705,875$55,942,671
80$107,784,888$28,880,621$19,256,256$60,648,788
81$118,700,278$30,217,104$19,822,672$65,795,013
82$130,726,560$31,616,596$20,405,586$71,424,559
83$143,976,967$33,082,106$21,005,470$77,584,970
84$158,576,279$34,616,791$21,622,815$84,328,564
85$174,662,001$36,223,955$22,258,120$91,712,915
86$192,385,661$37,907,065$22,911,903$99,801,383
87$211,914,241$39,669,753$23,584,694$108,663,704
88$233,431,750$41,515,828$24,277,039$118,376,635
89$257,140,968$43,449,282$24,989,498$129,024,664
90$283,265,349$45,474,300$25,722,649$140,700,796
91$312,051,141$47,595,267$26,477,085$153,507,420
92$343,769,705$49,816,783$27,253,415$167,557,252
93$378,720,077$52,143,668$28,052,266$182,974,395
94$417,231,792$54,580,974$28,874,284$199,895,487
95$459,667,993$57,134,000$29,720,131$218,470,977
96$506,428,861$59,808,299$30,590,488$238,866,526
97$557,955,391$62,609,692$31,486,056$261,264,556
98$614,733,558$65,544,284$32,407,555$285,865,950
99$677,298,899$68,618,472$33,355,727$312,891,929
100$746,241,574$71,838,964$34,331,331$342,586,122