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

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$767,985$761,144$754,470$747,956$741,595$722,495
2 years$380,191$373,110$366,248$359,594$353,141$334,024
3 years$250,943$243,832$236,987$230,396$224,047$205,513
4 years$186,331$179,242$172,466$165,987$159,792$141,983
5 years$147,575$140,528$133,840$127,494$121,471$104,436
6 years$121,745$114,752$108,163$101,958$96,116$79,872
7 years$103,303$96,368$89,884$83,825$78,168$62,716
8 years$89,478$82,605$76,229$70,319$64,848$50,180
9 years$78,730$71,923$65,656$59,896$54,611$40,716
10 years$70,137$63,396$57,240$51,631$46,532$33,391
11 years$63,111$56,438$50,393$44,934$40,019$27,614
12 years$57,261$50,656$44,723$39,414$34,679$22,988
13 years$52,314$45,778$39,957$34,796$30,241$19,240
14 years$48,077$41,611$35,901$30,888$26,509$16,173
15 years$44,409$38,012$32,414$27,547$23,341$13,644
16 years$41,203$34,876$29,388$24,665$20,629$11,544
17 years$38,376$32,119$26,742$22,162$18,291$9,792
18 years$35,867$29,680$24,412$19,972$16,263$8,322
19 years$33,624$27,507$22,348$18,046$14,496$7,086
20 years$31,608$25,561$20,510$16,344$12,948$6,042
21 years$29,786$23,809$18,865$14,834$11,587$5,158
22 years$28,132$22,225$17,387$13,487$10,386$4,408
23 years$26,625$20,786$16,054$12,283$9,323$3,770
24 years$25,245$19,475$14,847$11,203$8,380$3,227
25 years$23,977$18,277$13,752$10,231$7,541$2,764
26 years$22,809$17,177$12,754$9,355$6,792$2,369
27 years$21,729$16,166$11,843$8,563$6,124$2,031
28 years$20,728$15,233$11,010$7,845$5,526$1,742
29 years$19,797$14,370$10,245$7,194$4,990$1,495
30 years$18,931$13,571$9,543$6,603$4,508$1,283
31 years$18,122$12,829$8,897$6,064$4,076$1,102
32 years$17,365$12,139$8,301$5,573$3,687$946
33 years$16,655$11,496$7,751$5,125$3,337$813
34 years$15,988$10,896$7,242$4,715$3,021$698
35 years$15,361$10,334$6,771$4,341$2,736$600
36 years$14,771$9,809$6,334$3,998$2,479$515
37 years$14,213$9,316$5,928$3,683$2,247$443
38 years$13,686$8,854$5,551$3,395$2,037$381
39 years$13,187$8,419$5,201$3,130$1,847$327
40 years$12,715$8,010$4,875$2,887$1,676$281
41 years$12,266$7,625$4,571$2,664$1,520$242
42 years$11,840$7,261$4,288$2,458$1,379$208
43 years$11,435$6,919$4,024$2,269$1,252$179
44 years$11,050$6,595$3,777$2,095$1,136$153
45 years$10,682$6,289$3,546$1,935$1,032$132
46 years$10,332$5,999$3,331$1,788$937$113
47 years$9,998$5,725$3,129$1,651$850$98
48 years$9,678$5,466$2,941$1,526$772$84
49 years$9,372$5,219$2,764$1,410$701$72
50 years$9,080$4,986$2,599$1,304$637$62

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 $4,261 every year, while hoping to spend $31,018 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: 50/34/16 Blend
54$9,300,000$9,300,000$9,300,000$9,300,000
55$10,252,995$9,760,095$9,615,945$10,720,208
56$11,265,798$10,205,337$9,905,076$11,487,603
57$12,380,867$10,671,356$10,202,854$12,317,533
58$13,608,600$11,159,138$10,509,535$13,218,778
59$14,960,457$11,669,714$10,825,383$14,198,062
60$16,449,061$12,204,168$11,150,672$15,262,775
61$18,088,327$12,763,634$11,485,680$16,421,032
62$19,893,583$13,349,299$11,830,698$17,681,752
63$21,881,724$13,962,410$12,186,021$19,054,737
64$24,071,363$14,604,271$12,551,956$20,550,760
65$26,483,013$15,276,252$12,928,818$22,181,663
66$29,139,277$15,979,785$13,316,930$23,960,465
67$32,065,062$16,716,373$13,716,626$25,901,482
68$35,287,815$17,487,592$14,128,250$28,020,455
69$38,837,781$18,295,093$14,552,155$30,334,696
70$42,748,287$19,140,605$14,988,705$32,863,247
71$47,056,060$20,025,942$15,438,274$35,627,052
72$51,801,571$20,953,006$15,901,249$38,649,153
73$57,029,416$21,923,788$16,378,025$41,954,900
74$62,788,740$22,940,377$16,869,013$45,572,182
75$69,133,698$24,004,962$17,374,631$49,531,691
76$76,123,968$25,119,838$17,895,314$53,867,198
77$83,825,312$26,287,410$18,431,507$58,615,871
78$92,310,200$27,510,199$18,983,668$63,818,615
79$101,658,489$28,790,847$19,552,270$69,520,452
80$111,958,182$30,132,126$20,137,798$75,770,942
81$123,306,256$31,536,940$20,740,754$82,624,636
82$135,809,576$33,008,331$21,361,650$90,141,588
83$149,585,906$34,549,493$22,001,019$98,387,912
84$164,765,019$36,163,769$22,659,405$107,436,398
85$181,489,925$37,854,668$23,337,369$117,367,186
86$199,918,216$39,625,865$24,035,489$128,268,517
87$220,223,557$41,481,215$24,754,360$140,237,554
88$242,597,323$43,424,758$25,494,595$153,381,287
89$267,250,409$45,460,730$26,256,823$167,817,534
90$294,415,217$47,593,572$27,041,692$183,676,040
91$324,347,851$49,827,939$27,849,871$201,099,689
92$357,330,535$52,168,712$28,682,045$220,245,841
93$393,674,279$54,621,007$29,538,922$241,287,804
94$433,721,809$57,190,190$30,421,230$264,416,455
95$477,850,808$59,881,885$31,329,716$289,842,028
96$526,477,481$62,701,988$32,265,152$317,796,081
97$580,060,480$65,656,681$33,228,331$348,533,668
98$639,105,238$68,752,447$34,220,069$382,335,730
99$704,168,736$71,996,081$35,241,205$419,511,726
100$775,864,766$75,394,708$36,292,604$460,402,541