Can I retire at age 55 with 9,400,000?

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$776,243$769,329$762,583$755,999$749,569$740,510
2 years$384,279$377,122$370,186$363,461$356,938$347,820
3 years$253,641$246,453$239,535$232,873$226,456$217,564
4 years$188,335$181,169$174,320$167,772$161,510$152,912
5 years$149,162$142,039$135,279$128,865$122,778$114,498
6 years$123,055$115,985$109,326$103,054$97,150$89,200
7 years$104,414$97,404$90,850$84,727$79,009$71,391
8 years$90,440$83,494$77,048$71,075$65,545$58,259
9 years$79,577$72,696$66,362$60,540$55,199$48,240
10 years$70,892$64,078$57,856$52,186$47,032$40,397
11 years$63,790$57,045$50,935$45,418$40,449$34,132
12 years$57,876$51,201$45,204$39,837$35,052$29,047
13 years$52,876$46,270$40,386$35,170$30,566$24,864
14 years$48,594$42,058$36,287$31,220$26,794$21,387
15 years$44,887$38,421$32,763$27,843$23,592$18,471
16 years$41,646$35,251$29,704$24,930$20,850$16,007
17 years$38,789$32,465$27,030$22,400$18,487$13,911
18 years$36,252$29,999$24,675$20,187$16,438$12,120
19 years$33,985$27,802$22,588$18,240$14,652$10,582
20 years$31,948$25,835$20,730$16,520$13,087$9,256
21 years$30,106$24,065$19,068$14,993$11,712$8,108
22 years$28,435$22,463$17,574$13,632$10,498$7,113
23 years$26,911$21,010$16,227$12,415$9,423$6,247
24 years$25,516$19,685$15,007$11,323$8,470$5,492
25 years$24,235$18,473$13,899$10,341$7,622$4,833
26 years$23,054$17,362$12,891$9,455$6,865$4,256
27 years$21,962$16,339$11,970$8,655$6,190$3,751
28 years$20,951$15,397$11,128$7,930$5,585$3,307
29 years$20,010$14,525$10,356$7,272$5,043$2,918
30 years$19,134$13,717$9,646$6,674$4,557$2,575
31 years$18,317$12,967$8,993$6,129$4,120$2,274
32 years$17,551$12,270$8,390$5,633$3,727$2,009
33 years$16,834$11,620$7,834$5,180$3,373$1,775
34 years$16,160$11,013$7,320$4,766$3,054$1,569
35 years$15,527$10,445$6,843$4,387$2,766$1,387
36 years$14,929$9,914$6,402$4,041$2,506$1,227
37 years$14,366$9,416$5,992$3,723$2,271$1,085
38 years$13,833$8,949$5,611$3,431$2,059$960
39 years$13,329$8,509$5,257$3,164$1,867$849
40 years$12,851$8,096$4,927$2,918$1,694$751
41 years$12,398$7,707$4,620$2,692$1,536$665
42 years$11,968$7,340$4,334$2,485$1,394$588
43 years$11,558$6,993$4,067$2,294$1,265$521
44 years$11,169$6,666$3,818$2,118$1,149$461
45 years$10,797$6,357$3,585$1,956$1,043$408
46 years$10,443$6,064$3,367$1,807$947$361
47 years$10,105$5,787$3,163$1,669$860$320
48 years$9,782$5,524$2,972$1,542$781$283
49 years$9,473$5,275$2,794$1,425$709$251
50 years$9,178$5,039$2,627$1,318$644$222

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $9,400,000, adding $3,236 every year, while hoping to spend $41,478 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: 44/41/15 Blend
54$9,400,000$9,400,000$9,400,000$9,400,000
55$10,362,138$9,863,938$9,718,238$10,773,111
56$11,374,944$10,303,139$9,999,667$11,500,047
57$12,489,666$10,762,470$10,289,133$12,283,079
58$13,716,655$11,242,875$10,586,863$13,130,895
59$15,067,318$11,745,340$10,893,087$14,049,486
60$16,554,224$12,270,900$11,208,044$15,045,428
61$18,191,219$12,820,639$11,531,979$16,125,939
62$19,993,565$13,395,692$11,865,142$17,298,948
63$21,978,076$13,997,248$12,207,791$18,573,157
64$24,163,280$14,626,554$12,560,192$19,958,128
65$26,569,593$15,284,913$12,922,616$21,464,365
66$29,219,512$15,973,694$13,295,345$23,103,406
67$32,137,827$16,694,330$13,678,664$24,887,934
68$35,351,854$17,448,322$14,072,868$26,831,884
69$38,891,696$18,237,242$14,478,262$28,950,577
70$42,790,521$19,062,739$14,895,156$31,260,851
71$47,084,880$19,926,539$15,323,869$33,781,224
72$51,815,050$20,830,452$15,764,731$36,532,052
73$57,025,415$21,776,373$16,218,079$39,535,724
74$62,764,881$22,766,289$16,684,258$42,816,864
75$69,087,343$23,802,281$17,163,625$46,402,553
76$76,052,190$24,886,531$17,656,545$50,322,584
77$83,724,866$26,021,325$18,163,392$54,609,729
78$92,177,490$27,209,056$18,684,553$59,300,049
79$101,489,530$28,452,237$19,220,422$64,433,216
80$111,748,562$29,753,496$19,771,405$70,052,888
81$123,051,088$31,115,590$20,337,921$76,207,109
82$135,503,454$32,541,409$20,920,396$82,948,752
83$149,222,847$34,033,979$21,519,270$90,336,010
84$164,338,407$35,596,473$22,134,995$98,432,933
85$180,992,441$37,232,217$22,768,034$107,310,027
86$199,341,769$38,944,695$23,418,862$117,044,902
87$219,559,204$40,737,559$24,087,968$127,723,000
88$241,835,181$42,614,638$24,775,853$139,438,382
89$266,379,557$44,579,943$25,483,032$152,294,611
90$293,423,591$46,637,680$26,210,033$166,405,708
91$323,222,127$48,792,255$26,957,398$181,897,223
92$356,055,996$51,048,288$27,725,684$198,907,398
93$392,234,675$53,410,621$28,515,462$217,588,464
94$432,099,199$55,884,329$29,327,317$238,108,056
95$476,025,388$58,474,731$30,161,852$260,650,783
96$524,427,387$61,187,403$31,019,684$285,419,949
97$577,761,584$64,028,190$31,901,447$312,639,460
98$636,530,912$67,003,217$32,807,791$342,555,914
99$701,289,596$70,118,906$33,739,384$375,440,909
100$772,648,391$73,381,988$34,696,909$411,593,591