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%16.3%
1 years$784,501$777,513$770,696$764,041$757,543$738,032
2 years$388,367$381,134$374,124$367,327$360,735$341,208
3 years$256,339$249,075$242,083$235,350$228,865$209,933
4 years$190,339$183,097$176,174$169,557$163,228$145,036
5 years$150,748$143,550$136,719$130,236$124,084$106,682
6 years$124,364$117,219$110,489$104,151$98,183$81,589
7 years$105,525$98,441$91,817$85,628$79,849$64,065
8 years$91,402$84,382$77,868$71,831$66,243$51,260
9 years$80,423$73,470$67,068$61,184$55,786$41,592
10 years$71,646$64,760$58,471$52,741$47,532$34,109
11 years$64,469$57,652$51,477$45,901$40,879$28,208
12 years$58,492$51,745$45,685$40,261$35,425$23,483
13 years$53,439$46,763$40,816$35,545$30,891$19,654
14 years$49,111$42,506$36,673$31,552$27,079$16,521
15 years$45,364$38,830$33,111$28,139$23,843$13,937
16 years$42,089$35,626$30,020$25,196$21,072$11,792
17 years$39,201$32,810$27,317$22,638$18,684$10,002
18 years$36,638$30,318$24,937$20,401$16,613$8,501
19 years$34,347$28,098$22,829$18,434$14,808$7,238
20 years$32,287$26,110$20,951$16,696$13,226$6,172
21 years$30,427$24,321$19,271$15,153$11,836$5,269
22 years$28,737$22,702$17,761$13,777$10,609$4,503
23 years$27,197$21,233$16,399$12,547$9,524$3,851
24 years$25,787$19,894$15,167$11,444$8,560$3,297
25 years$24,492$18,670$14,047$10,451$7,703$2,824
26 years$23,299$17,546$13,028$9,556$6,938$2,420
27 years$22,196$16,513$12,098$8,747$6,256$2,075
28 years$21,173$15,560$11,246$8,014$5,644$1,780
29 years$20,223$14,679$10,466$7,349$5,097$1,527
30 years$19,338$13,863$9,748$6,745$4,605$1,311
31 years$18,511$13,105$9,088$6,194$4,164$1,125
32 years$17,738$12,400$8,479$5,693$3,766$966
33 years$17,013$11,743$7,917$5,235$3,408$830
34 years$16,332$11,130$7,397$4,817$3,086$713
35 years$15,692$10,557$6,916$4,434$2,795$613
36 years$15,088$10,020$6,470$4,084$2,533$526
37 years$14,519$9,516$6,056$3,762$2,295$452
38 years$13,980$9,044$5,671$3,468$2,081$389
39 years$13,471$8,600$5,313$3,198$1,887$334
40 years$12,988$8,182$4,980$2,949$1,712$287
41 years$12,530$7,789$4,670$2,721$1,553$247
42 years$12,095$7,418$4,380$2,511$1,409$212
43 years$11,681$7,068$4,110$2,318$1,279$182
44 years$11,287$6,737$3,858$2,140$1,161$157
45 years$10,912$6,424$3,623$1,977$1,054$135
46 years$10,554$6,128$3,403$1,826$957$116
47 years$10,213$5,848$3,197$1,687$869$100
48 years$9,886$5,583$3,004$1,559$789$86
49 years$9,574$5,332$2,823$1,441$717$74
50 years$9,275$5,093$2,654$1,332$651$63

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 $5,699 every year, while hoping to spend $29,502 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: 58/28/14 Blend
54$9,500,000$9,500,000$9,500,000$9,500,000
55$10,474,879$9,971,379$9,824,129$11,044,914
56$11,511,926$10,428,586$10,121,847$11,888,012
57$12,653,764$10,907,208$10,428,550$12,802,864
58$13,911,049$11,408,263$10,744,508$13,799,435
59$15,295,526$11,932,817$11,069,998$14,885,586
60$16,820,133$12,481,989$11,405,307$16,069,957
61$18,499,132$13,056,951$11,750,730$17,362,049
62$20,348,233$13,658,932$12,106,569$18,772,311
63$22,384,752$14,289,219$12,473,139$20,312,231
64$24,627,768$14,949,161$12,850,759$21,994,449
65$27,098,303$15,640,173$13,239,763$23,832,864
66$29,819,526$16,363,738$13,640,491$25,842,769
67$32,816,966$17,121,409$14,053,296$28,040,989
68$36,118,754$17,914,815$14,478,538$30,446,035
69$39,755,889$18,745,664$14,916,592$33,078,276
70$43,762,532$19,615,744$15,367,840$35,960,128
71$48,176,327$20,526,932$15,832,679$39,116,259
72$53,038,754$21,481,193$16,311,516$42,573,819
73$58,395,525$22,480,590$16,804,769$46,362,690
74$64,297,011$23,527,281$17,312,872$50,515,765
75$70,798,720$24,623,532$17,836,267$55,069,253
76$77,961,822$25,771,717$18,375,414$60,063,013
77$85,853,721$26,974,325$18,930,784$65,540,929
78$94,548,698$28,233,964$19,502,862$71,551,312
79$104,128,606$29,553,369$20,092,149$78,147,357
80$114,683,646$30,935,406$20,699,159$85,387,634
81$126,313,219$32,383,083$21,324,422$93,336,634
82$139,126,862$33,899,548$21,968,485$102,065,374
83$153,245,282$35,488,106$22,631,909$111,652,057
84$168,801,496$37,152,218$23,315,273$122,182,803
85$185,942,088$38,895,516$24,019,173$133,752,455
86$204,828,589$40,721,805$24,744,224$146,465,465
87$225,639,007$42,635,075$25,491,057$160,436,871
88$248,569,500$44,639,509$26,260,323$175,793,373
89$273,836,237$46,739,492$27,052,691$192,674,523
90$301,677,429$48,939,623$27,868,852$211,234,026
91$332,355,585$51,244,723$28,709,517$231,641,185
92$366,159,985$53,659,844$29,575,416$254,082,489
93$403,409,413$56,190,287$30,467,302$278,763,357
94$444,455,169$58,841,606$31,385,952$305,910,068
95$489,684,378$61,619,627$32,332,163$335,771,886
96$539,523,652$64,530,456$33,306,759$368,623,397
97$594,443,114$67,580,497$34,310,584$404,767,087
98$654,960,834$70,776,464$35,344,511$444,536,184
99$721,647,723$74,125,396$36,409,437$488,297,791
100$795,132,924$77,634,673$37,506,286$536,456,331