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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.9%
1 years$743,212$736,591$730,133$723,828$717,673$700,323
2 years$367,927$361,074$354,433$347,994$341,749$324,374
3 years$242,848$235,966$229,342$222,963$216,820$199,962
4 years$180,321$173,460$166,902$160,633$154,638$138,427
5 years$142,814$135,995$129,523$123,381$117,553$102,035
6 years$117,818$111,050$104,674$98,669$93,016$78,206
7 years$99,971$93,260$86,984$81,121$75,647$61,547
8 years$86,591$79,941$73,770$68,051$62,756$49,361
9 years$76,191$69,603$63,538$57,964$52,850$40,148
10 years$67,875$61,351$55,394$49,966$45,031$33,007
11 years$61,076$54,618$48,768$43,485$38,728$27,366
12 years$55,414$49,022$43,280$38,142$33,561$22,842
13 years$50,626$44,301$38,668$33,674$29,266$19,169
14 years$46,527$40,269$34,743$29,892$25,654$16,157
15 years$42,977$36,786$31,369$26,658$22,588$13,669
16 years$39,873$33,751$28,440$23,870$19,963$11,598
17 years$37,138$31,083$25,879$21,447$17,701$9,866
18 years$34,710$28,722$23,625$19,328$15,739$8,410
19 years$32,539$26,619$21,627$17,464$14,028$7,182
20 years$30,588$24,736$19,848$15,817$12,530$6,143
21 years$28,825$23,041$18,257$14,355$11,213$5,260
22 years$27,225$21,508$16,826$13,052$10,051$4,509
23 years$25,766$20,116$15,536$11,887$9,022$3,869
24 years$24,430$18,847$14,368$10,841$8,110$3,322
25 years$23,203$17,687$13,308$9,901$7,297$2,855
26 years$22,073$16,623$12,342$9,053$6,573$2,455
27 years$21,028$15,644$11,461$8,286$5,926$2,112
28 years$20,059$14,741$10,654$7,592$5,347$1,817
29 years$19,159$13,907$9,915$6,962$4,829$1,564
30 years$18,320$13,133$9,235$6,390$4,363$1,347
31 years$17,537$12,416$8,610$5,868$3,944$1,160
32 years$16,804$11,748$8,033$5,393$3,568$1,000
33 years$16,118$11,125$7,501$4,959$3,229$862
34 years$15,473$10,544$7,008$4,563$2,924$743
35 years$14,866$10,001$6,552$4,201$2,648$640
36 years$14,294$9,492$6,129$3,869$2,399$552
37 years$13,754$9,016$5,737$3,564$2,175$476
38 years$13,244$8,568$5,372$3,285$1,971$410
39 years$12,762$8,147$5,033$3,029$1,788$354
40 years$12,304$7,752$4,718$2,794$1,622$305
41 years$11,870$7,379$4,424$2,578$1,471$263
42 years$11,458$7,027$4,150$2,379$1,335$227
43 years$11,066$6,696$3,894$2,196$1,211$196
44 years$10,693$6,382$3,655$2,028$1,100$169
45 years$10,338$6,086$3,432$1,873$998$146
46 years$9,999$5,806$3,223$1,730$906$126
47 years$9,675$5,541$3,028$1,598$823$108
48 years$9,366$5,289$2,846$1,477$747$94
49 years$9,070$5,051$2,675$1,365$679$81
50 years$8,787$4,825$2,515$1,262$617$70

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 $5,351 every year, while hoping to spend $23,613 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: 60/19/21 Blend
54$9,000,000$9,000,000$9,000,000$9,000,000
55$9,923,520$9,446,520$9,307,020$10,463,738
56$10,910,595$9,884,275$9,593,681$11,268,233
57$11,997,560$10,342,689$9,889,154$12,142,490
58$13,194,579$10,822,749$10,193,708$13,095,802
59$14,512,852$11,325,490$10,507,624$14,135,842
60$15,964,721$11,851,996$10,831,187$15,271,047
61$17,563,784$12,403,406$11,164,693$16,510,701
62$19,325,027$12,980,910$11,508,448$17,865,016
63$21,264,964$13,585,759$11,862,765$19,345,228
64$23,401,792$14,219,262$12,227,969$20,963,700
65$25,755,561$14,882,793$12,604,392$22,734,036
66$28,348,369$15,577,790$12,992,380$24,671,208
67$31,204,563$16,305,763$13,392,286$26,791,694
68$34,350,977$17,068,293$13,804,475$29,113,628
69$37,817,176$17,867,040$14,229,325$31,656,974
70$41,635,744$18,703,740$14,667,223$34,443,705
71$45,842,584$19,580,217$15,118,569$37,498,010
72$50,477,261$20,498,381$15,583,774$40,846,521
73$55,583,375$21,460,235$16,063,264$44,518,558
74$61,208,972$22,467,880$16,557,476$48,546,402
75$67,406,997$23,523,515$17,066,862$52,965,596
76$74,235,793$24,629,451$17,591,885$57,815,280
77$81,759,656$25,788,105$18,133,024$63,138,549
78$90,049,434$27,002,016$18,690,774$68,982,864
79$99,183,204$28,273,843$19,265,643$75,400,489
80$109,247,004$29,606,374$19,858,155$82,448,981
81$120,335,645$31,002,533$20,468,849$90,191,730
82$132,553,609$32,465,385$21,098,284$98,698,552
83$146,016,033$33,998,145$21,747,033$108,046,340
84$160,849,796$35,604,181$22,415,686$118,319,786
85$177,194,716$37,287,028$23,104,852$129,612,175
86$195,204,874$39,050,388$23,815,161$142,026,259
87$215,050,060$40,898,146$24,547,258$155,675,219
88$236,917,386$42,834,375$25,301,811$170,683,729
89$261,013,043$44,863,344$26,079,506$187,189,124
90$287,564,256$46,989,530$26,881,051$205,342,690
91$316,821,420$49,217,627$27,707,177$225,311,084
92$349,060,472$51,552,558$28,558,634$247,277,898
93$384,585,490$53,999,483$29,436,199$271,445,386
94$423,731,567$56,563,814$30,340,668$298,036,364
95$466,867,971$59,251,226$31,272,865$327,296,301
96$514,401,637$62,067,669$32,233,638$359,495,633
97$566,781,000$65,019,380$33,223,861$394,932,299
98$624,500,235$68,112,903$34,244,434$433,934,546
99$688,103,921$71,355,097$35,296,284$476,864,019
100$758,192,179$74,753,156$36,380,368$524,119,160