Can I retire at age 55 with 9,500,000?

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$784,501$777,513$770,696$764,041$757,543$746,839
2 years$388,367$381,134$374,124$367,327$360,735$349,972
3 years$256,339$249,075$242,083$235,350$228,865$218,377
4 years$190,339$183,097$176,174$169,557$163,228$153,096
5 years$150,748$143,550$136,719$130,236$124,084$114,337
6 years$124,364$117,219$110,489$104,151$98,183$88,833
7 years$105,525$98,441$91,817$85,628$79,849$70,900
8 years$91,402$84,382$77,868$71,831$66,243$57,692
9 years$80,423$73,470$67,068$61,184$55,786$47,630
10 years$71,646$64,760$58,471$52,741$47,532$39,766
11 years$64,469$57,652$51,477$45,901$40,879$33,494
12 years$58,492$51,745$45,685$40,261$35,425$28,412
13 years$53,439$46,763$40,816$35,545$30,891$24,242
14 years$49,111$42,506$36,673$31,552$27,079$20,782
15 years$45,364$38,830$33,111$28,139$23,843$17,888
16 years$42,089$35,626$30,020$25,196$21,072$15,448
17 years$39,201$32,810$27,317$22,638$18,684$13,378
18 years$36,638$30,318$24,937$20,401$16,613$11,614
19 years$34,347$28,098$22,829$18,434$14,808$10,103
20 years$32,287$26,110$20,951$16,696$13,226$8,804
21 years$30,427$24,321$19,271$15,153$11,836$7,684
22 years$28,737$22,702$17,761$13,777$10,609$6,715
23 years$27,197$21,233$16,399$12,547$9,524$5,875
24 years$25,787$19,894$15,167$11,444$8,560$5,145
25 years$24,492$18,670$14,047$10,451$7,703$4,510
26 years$23,299$17,546$13,028$9,556$6,938$3,956
27 years$22,196$16,513$12,098$8,747$6,256$3,472
28 years$21,173$15,560$11,246$8,014$5,644$3,049
29 years$20,223$14,679$10,466$7,349$5,097$2,679
30 years$19,338$13,863$9,748$6,745$4,605$2,355
31 years$18,511$13,105$9,088$6,194$4,164$2,071
32 years$17,738$12,400$8,479$5,693$3,766$1,822
33 years$17,013$11,743$7,917$5,235$3,408$1,603
34 years$16,332$11,130$7,397$4,817$3,086$1,411
35 years$15,692$10,557$6,916$4,434$2,795$1,242
36 years$15,088$10,020$6,470$4,084$2,533$1,094
37 years$14,519$9,516$6,056$3,762$2,295$963
38 years$13,980$9,044$5,671$3,468$2,081$849
39 years$13,471$8,600$5,313$3,198$1,887$748
40 years$12,988$8,182$4,980$2,949$1,712$659
41 years$12,530$7,789$4,670$2,721$1,553$580
42 years$12,095$7,418$4,380$2,511$1,409$511
43 years$11,681$7,068$4,110$2,318$1,279$451
44 years$11,287$6,737$3,858$2,140$1,161$397
45 years$10,912$6,424$3,623$1,977$1,054$350
46 years$10,554$6,128$3,403$1,826$957$309
47 years$10,213$5,848$3,197$1,687$869$272
48 years$9,886$5,583$3,004$1,559$789$240
49 years$9,574$5,332$2,823$1,441$717$211
50 years$9,275$5,093$2,654$1,332$651$186

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $9,500,000, adding $6,268 every year, while hoping to spend $43,684 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: 42/48/10 Blend
54$9,500,000$9,500,000$9,500,000$9,500,000
55$10,475,465$9,971,965$9,824,715$10,884,482
56$11,497,483$10,414,112$10,107,364$11,613,045
57$12,622,283$10,876,460$10,398,017$12,396,590
58$13,860,302$11,359,953$10,696,897$13,244,038
59$15,223,042$11,865,579$11,004,231$14,161,232
60$16,723,174$12,394,374$11,320,255$15,154,585
61$18,374,661$12,947,423$11,645,207$16,231,130
62$20,192,891$13,525,861$11,979,336$17,398,586
63$22,194,817$14,130,879$12,322,895$18,665,426
64$24,399,120$14,763,724$12,676,144$20,040,951
65$26,826,386$15,425,701$13,039,350$21,535,374
66$29,499,297$16,118,181$13,412,788$23,159,911
67$32,442,848$16,842,595$13,796,740$24,926,882
68$35,684,583$17,600,446$14,191,494$26,849,821
69$39,254,850$18,393,308$14,597,349$28,943,598
70$43,187,094$19,222,828$15,014,609$31,224,555
71$47,518,166$20,090,735$15,443,587$33,710,649
72$52,288,676$20,998,839$15,884,604$36,421,622
73$57,543,373$21,949,034$16,337,991$39,379,173
74$63,331,569$22,943,308$16,804,085$42,607,163
75$69,707,602$23,983,744$17,283,235$46,131,824
76$76,731,351$25,072,521$17,775,797$49,982,008
77$84,468,800$26,211,926$18,282,138$54,189,442
78$92,992,661$27,404,353$18,802,633$58,789,026
79$102,383,059$28,652,313$19,337,668$63,819,148
80$112,728,290$29,958,435$19,887,638$69,322,041
81$124,125,652$31,325,475$20,452,951$75,344,168
82$136,682,366$32,756,321$21,034,022$81,936,652
83$150,516,586$34,253,999$21,631,280$89,155,748
84$165,758,513$35,821,681$22,245,164$97,063,362
85$182,551,628$37,462,690$22,876,123$105,727,621
86$201,054,042$39,180,509$23,524,621$115,223,508
87$221,439,990$40,978,790$24,191,132$125,633,553
88$243,901,475$42,861,357$24,876,141$137,048,599
89$268,650,081$44,832,219$25,580,148$149,568,648
90$295,918,972$46,895,580$26,303,664$163,303,784
91$325,965,086$49,055,843$27,047,216$178,375,202
92$359,071,569$51,317,623$27,811,342$194,916,333
93$395,550,441$53,685,759$28,596,595$213,074,085
94$435,745,547$56,165,322$29,403,541$233,010,216
95$480,035,795$58,761,625$30,232,762$254,902,837
96$528,838,740$61,480,239$31,084,854$278,948,075
97$582,614,525$64,327,003$31,960,429$305,361,905
98$641,870,217$67,308,037$32,860,114$334,382,167
99$707,164,604$70,429,756$33,784,553$366,270,784
100$779,113,462$73,698,882$34,734,404$401,316,219