Can I retire at age 55 with 9,300,000?

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$767,985$761,144$754,470$747,956$741,595$722,202
2 years$380,191$373,110$366,248$359,594$353,141$333,735
3 years$250,943$243,832$236,987$230,396$224,047$205,235
4 years$186,331$179,242$172,466$165,987$159,792$141,720
5 years$147,575$140,528$133,840$127,494$121,471$104,188
6 years$121,745$114,752$108,163$101,958$96,116$79,638
7 years$103,303$96,368$89,884$83,825$78,168$62,497
8 years$89,478$82,605$76,229$70,319$64,848$49,976
9 years$78,730$71,923$65,656$59,896$54,611$40,526
10 years$70,137$63,396$57,240$51,631$46,532$33,215
11 years$63,111$56,438$50,393$44,934$40,019$27,450
12 years$57,261$50,656$44,723$39,414$34,679$22,837
13 years$52,314$45,778$39,957$34,796$30,241$19,101
14 years$48,077$41,611$35,901$30,888$26,509$16,045
15 years$44,409$38,012$32,414$27,547$23,341$13,526
16 years$41,203$34,876$29,388$24,665$20,629$11,436
17 years$38,376$32,119$26,742$22,162$18,291$9,693
18 years$35,867$29,680$24,412$19,972$16,263$8,233
19 years$33,624$27,507$22,348$18,046$14,496$7,004
20 years$31,608$25,561$20,510$16,344$12,948$5,967
21 years$29,786$23,809$18,865$14,834$11,587$5,091
22 years$28,132$22,225$17,387$13,487$10,386$4,347
23 years$26,625$20,786$16,054$12,283$9,323$3,715
24 years$25,245$19,475$14,847$11,203$8,380$3,178
25 years$23,977$18,277$13,752$10,231$7,541$2,720
26 years$22,809$17,177$12,754$9,355$6,792$2,329
27 years$21,729$16,166$11,843$8,563$6,124$1,995
28 years$20,728$15,233$11,010$7,845$5,526$1,710
29 years$19,797$14,370$10,245$7,194$4,990$1,466
30 years$18,931$13,571$9,543$6,603$4,508$1,257
31 years$18,122$12,829$8,897$6,064$4,076$1,079
32 years$17,365$12,139$8,301$5,573$3,687$926
33 years$16,655$11,496$7,751$5,125$3,337$794
34 years$15,988$10,896$7,242$4,715$3,021$682
35 years$15,361$10,334$6,771$4,341$2,736$585
36 years$14,771$9,809$6,334$3,998$2,479$502
37 years$14,213$9,316$5,928$3,683$2,247$431
38 years$13,686$8,854$5,551$3,395$2,037$370
39 years$13,187$8,419$5,201$3,130$1,847$318
40 years$12,715$8,010$4,875$2,887$1,676$273
41 years$12,266$7,625$4,571$2,664$1,520$235
42 years$11,840$7,261$4,288$2,458$1,379$201
43 years$11,435$6,919$4,024$2,269$1,252$173
44 years$11,050$6,595$3,777$2,095$1,136$149
45 years$10,682$6,289$3,546$1,935$1,032$128
46 years$10,332$5,999$3,331$1,788$937$110
47 years$9,998$5,725$3,129$1,651$850$94
48 years$9,678$5,466$2,941$1,526$772$81
49 years$9,372$5,219$2,764$1,410$701$70
50 years$9,080$4,986$2,599$1,304$637$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $9,300,000, adding $5,976 every year, while hoping to spend $23,691 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: 45/29/26 Blend
54$9,300,000$9,300,000$9,300,000$9,300,000
55$10,254,764$9,761,864$9,617,714$10,638,946
56$11,275,543$10,214,989$9,914,701$11,364,957
57$12,399,647$10,689,522$10,220,842$12,149,077
58$13,637,591$11,186,488$10,536,420$12,999,010
59$15,000,961$11,706,961$10,861,725$13,920,909
60$16,502,522$12,252,066$11,197,057$14,921,527
61$18,156,344$12,822,982$11,542,723$16,008,281
62$19,977,929$13,420,946$11,899,042$17,189,322
63$21,984,359$14,047,253$12,266,341$18,473,602
64$24,194,458$14,703,263$12,644,958$19,870,961
65$26,628,970$15,390,400$13,035,241$21,392,213
66$29,310,752$16,110,157$13,437,548$23,049,242
67$32,264,993$16,864,099$13,852,251$24,855,116
68$35,519,450$17,653,868$14,279,729$26,824,201
69$39,104,710$18,481,183$14,720,375$28,972,294
70$43,054,478$19,347,848$15,174,595$31,316,768
71$47,405,896$20,255,754$15,642,806$33,876,727
72$52,199,894$21,206,883$16,125,437$36,673,189
73$57,481,577$22,203,314$16,622,932$39,729,271
74$63,300,645$23,247,224$17,135,748$43,070,406
75$69,711,871$24,340,898$17,664,356$46,724,578
76$76,775,611$25,486,731$18,209,241$50,722,574
77$84,558,375$26,687,233$18,770,902$55,098,278
78$93,133,459$27,945,036$19,349,857$59,888,974
79$102,581,630$29,262,902$19,946,636$65,135,698
80$112,991,895$30,643,722$20,561,786$70,883,616
81$124,462,335$32,090,531$21,195,872$77,182,442
82$137,101,035$33,606,509$21,849,477$84,086,898
83$151,027,105$35,194,992$22,523,198$91,657,226
84$166,371,799$36,859,476$23,217,655$99,959,747
85$183,279,760$38,603,628$23,933,484$109,067,473
86$201,910,381$40,431,292$24,671,341$119,060,796
87$222,439,312$42,346,497$25,431,903$130,028,227
88$245,060,118$44,353,471$26,215,867$142,067,228
89$269,986,103$46,456,645$27,023,952$155,285,118
90$297,452,329$48,660,664$27,856,899$169,800,077
91$327,717,831$50,970,401$28,715,469$185,742,249
92$361,068,064$53,390,964$29,600,451$203,254,954
93$397,817,595$55,927,710$30,512,655$222,496,035
94$438,313,077$58,586,255$31,452,916$243,639,329
95$482,936,517$61,372,488$32,422,095$266,876,299
96$532,108,887$64,292,585$33,421,080$292,417,821
97$586,294,093$67,353,022$34,450,787$320,496,162
98$646,003,359$70,560,588$35,512,156$351,367,155
99$711,800,049$73,922,404$36,606,160$385,312,603
100$784,304,987$77,445,935$37,733,800$422,642,911