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%16.6%
1 years$776,243$769,329$762,583$755,999$749,569$729,378
2 years$384,279$377,122$370,186$363,461$356,938$336,740
3 years$253,641$246,453$239,535$232,873$226,456$206,883
4 years$188,335$181,169$174,320$167,772$161,510$142,713
5 years$149,162$142,039$135,279$128,865$122,778$104,808
6 years$123,055$115,985$109,326$103,054$97,150$80,025
7 years$104,414$97,404$90,850$84,727$79,009$62,729
8 years$90,440$83,494$77,048$71,075$65,545$50,103
9 years$79,577$72,696$66,362$60,540$55,199$40,579
10 years$70,892$64,078$57,856$52,186$47,032$33,217
11 years$63,790$57,045$50,935$45,418$40,449$27,417
12 years$57,876$51,201$45,204$39,837$35,052$22,780
13 years$52,876$46,270$40,386$35,170$30,566$19,027
14 years$48,594$42,058$36,287$31,220$26,794$15,961
15 years$44,887$38,421$32,763$27,843$23,592$13,437
16 years$41,646$35,251$29,704$24,930$20,850$11,344
17 years$38,789$32,465$27,030$22,400$18,487$9,601
18 years$36,252$29,999$24,675$20,187$16,438$8,142
19 years$33,985$27,802$22,588$18,240$14,652$6,917
20 years$31,948$25,835$20,730$16,520$13,087$5,884
21 years$30,106$24,065$19,068$14,993$11,712$5,012
22 years$28,435$22,463$17,574$13,632$10,498$4,273
23 years$26,911$21,010$16,227$12,415$9,423$3,647
24 years$25,516$19,685$15,007$11,323$8,470$3,114
25 years$24,235$18,473$13,899$10,341$7,622$2,661
26 years$23,054$17,362$12,891$9,455$6,865$2,275
27 years$21,962$16,339$11,970$8,655$6,190$1,946
28 years$20,951$15,397$11,128$7,930$5,585$1,665
29 years$20,010$14,525$10,356$7,272$5,043$1,425
30 years$19,134$13,717$9,646$6,674$4,557$1,220
31 years$18,317$12,967$8,993$6,129$4,120$1,045
32 years$17,551$12,270$8,390$5,633$3,727$895
33 years$16,834$11,620$7,834$5,180$3,373$767
34 years$16,160$11,013$7,320$4,766$3,054$657
35 years$15,527$10,445$6,843$4,387$2,766$563
36 years$14,929$9,914$6,402$4,041$2,506$483
37 years$14,366$9,416$5,992$3,723$2,271$414
38 years$13,833$8,949$5,611$3,431$2,059$355
39 years$13,329$8,509$5,257$3,164$1,867$304
40 years$12,851$8,096$4,927$2,918$1,694$261
41 years$12,398$7,707$4,620$2,692$1,536$223
42 years$11,968$7,340$4,334$2,485$1,394$192
43 years$11,558$6,993$4,067$2,294$1,265$164
44 years$11,169$6,666$3,818$2,118$1,149$141
45 years$10,797$6,357$3,585$1,956$1,043$121
46 years$10,443$6,064$3,367$1,807$947$104
47 years$10,105$5,787$3,163$1,669$860$89
48 years$9,782$5,524$2,972$1,542$781$76
49 years$9,473$5,275$2,794$1,425$709$65
50 years$9,178$5,039$2,627$1,318$644$56

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 $6,490 every year, while hoping to spend $58,626 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: 59/18/23 Blend
54$9,400,000$9,400,000$9,400,000$9,400,000
55$10,365,494$9,867,294$9,721,594$10,912,938
56$11,360,397$10,288,414$9,984,890$11,707,204
57$12,454,815$10,728,204$10,255,042$12,566,181
58$13,658,837$11,187,517$10,532,216$13,501,781
59$14,983,579$11,667,245$10,816,585$14,521,440
60$16,441,287$12,168,324$11,108,325$15,633,340
61$18,045,458$12,691,731$11,407,613$16,846,482
62$19,810,959$13,238,490$11,714,632$18,170,771
63$21,754,175$13,809,674$12,029,571$19,617,106
64$23,893,157$14,406,405$12,352,618$21,197,481
65$26,247,798$15,029,857$12,683,969$22,925,099
66$28,840,014$15,681,261$13,023,823$24,814,488
67$31,693,957$16,361,904$13,372,382$26,881,644
68$34,836,238$17,073,135$13,729,855$29,144,172
69$38,296,181$17,816,366$14,096,452$31,621,455
70$42,106,098$18,593,074$14,472,389$34,334,832
71$46,301,593$19,404,808$14,857,887$37,307,798
72$50,921,900$20,253,187$15,253,171$40,566,221
73$56,010,250$21,139,910$15,658,469$44,138,585
74$61,614,284$22,066,754$16,074,015$48,056,255
75$67,786,495$23,035,579$16,500,049$52,353,770
76$74,584,729$24,048,334$16,936,812$57,069,167
77$82,072,730$25,107,061$17,384,554$62,244,335
78$90,320,738$26,213,896$17,843,526$67,925,407
79$99,406,155$27,371,079$18,313,986$74,163,192
80$109,414,275$28,580,955$18,796,197$81,013,651
81$120,439,087$29,845,977$19,290,426$88,538,423
82$132,584,164$31,168,720$19,796,945$96,805,398
83$145,963,637$32,551,876$20,316,031$105,889,359
84$160,703,277$33,998,267$20,847,967$115,872,678
85$176,941,678$35,510,849$21,393,041$126,846,093
86$194,831,566$37,092,717$21,951,544$138,909,558
87$214,541,241$38,747,115$22,523,776$152,173,182
88$236,256,163$40,477,439$23,110,038$166,758,262
89$260,180,706$42,287,248$23,710,638$182,798,422
90$286,540,084$44,180,270$24,325,891$200,440,871
91$315,582,479$46,160,409$24,956,115$219,847,785
92$347,581,381$48,231,758$25,601,633$241,197,832
93$382,838,169$50,398,601$26,262,776$264,687,851
94$421,684,960$52,665,430$26,939,876$290,534,705
95$464,487,738$55,036,948$27,633,274$318,977,319
96$511,649,813$57,518,085$28,343,314$350,278,931
97$563,615,626$60,114,003$29,070,348$384,729,565
98$620,874,944$62,830,114$29,814,729$422,648,765
99$683,967,484$65,672,085$30,576,818$464,388,601
100$753,488,007$68,645,857$31,356,981$510,336,983