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%14.5%
1 years$784,501$777,513$770,696$764,041$757,543$743,465
2 years$388,367$381,134$374,124$367,327$360,735$346,604
3 years$256,339$249,075$242,083$235,350$228,865$215,121
4 years$190,339$183,097$176,174$169,557$163,228$149,978
5 years$150,748$143,550$136,719$130,236$124,084$111,365
6 years$124,364$117,219$110,489$104,151$98,183$86,010
7 years$105,525$98,441$91,817$85,628$79,849$68,225
8 years$91,402$84,382$77,868$71,831$66,243$55,164
9 years$80,423$73,470$67,068$61,184$55,786$45,246
10 years$71,646$64,760$58,471$52,741$47,532$37,522
11 years$64,469$57,652$51,477$45,901$40,879$31,387
12 years$58,492$51,745$45,685$40,261$35,425$26,437
13 years$53,439$46,763$40,816$35,545$30,891$22,394
14 years$49,111$42,506$36,673$31,552$27,079$19,057
15 years$45,364$38,830$33,111$28,139$23,843$16,279
16 years$42,089$35,626$30,020$25,196$21,072$13,951
17 years$39,201$32,810$27,317$22,638$18,684$11,987
18 years$36,638$30,318$24,937$20,401$16,613$10,324
19 years$34,347$28,098$22,829$18,434$14,808$8,909
20 years$32,287$26,110$20,951$16,696$13,226$7,700
21 years$30,427$24,321$19,271$15,153$11,836$6,664
22 years$28,737$22,702$17,761$13,777$10,609$5,775
23 years$27,197$21,233$16,399$12,547$9,524$5,010
24 years$25,787$19,894$15,167$11,444$8,560$4,350
25 years$24,492$18,670$14,047$10,451$7,703$3,780
26 years$23,299$17,546$13,028$9,556$6,938$3,286
27 years$22,196$16,513$12,098$8,747$6,256$2,859
28 years$21,173$15,560$11,246$8,014$5,644$2,489
29 years$20,223$14,679$10,466$7,349$5,097$2,167
30 years$19,338$13,863$9,748$6,745$4,605$1,888
31 years$18,511$13,105$9,088$6,194$4,164$1,645
32 years$17,738$12,400$8,479$5,693$3,766$1,434
33 years$17,013$11,743$7,917$5,235$3,408$1,250
34 years$16,332$11,130$7,397$4,817$3,086$1,090
35 years$15,692$10,557$6,916$4,434$2,795$951
36 years$15,088$10,020$6,470$4,084$2,533$830
37 years$14,519$9,516$6,056$3,762$2,295$724
38 years$13,980$9,044$5,671$3,468$2,081$632
39 years$13,471$8,600$5,313$3,198$1,887$551
40 years$12,988$8,182$4,980$2,949$1,712$481
41 years$12,530$7,789$4,670$2,721$1,553$420
42 years$12,095$7,418$4,380$2,511$1,409$367
43 years$11,681$7,068$4,110$2,318$1,279$320
44 years$11,287$6,737$3,858$2,140$1,161$279
45 years$10,912$6,424$3,623$1,977$1,054$244
46 years$10,554$6,128$3,403$1,826$957$213
47 years$10,213$5,848$3,197$1,687$869$186
48 years$9,886$5,583$3,004$1,559$789$162
49 years$9,574$5,332$2,823$1,441$717$142
50 years$9,275$5,093$2,654$1,332$651$124

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 $5,791 every year, while hoping to spend $47,478 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: 59/28/13 Blend
54$9,500,000$9,500,000$9,500,000$9,500,000
55$10,474,973$9,971,473$9,824,223$11,058,905
56$11,492,904$10,409,559$10,102,819$11,891,270
57$12,613,073$10,867,520$10,389,156$12,792,689
58$13,845,858$11,346,280$10,683,443$13,774,509
59$15,202,693$11,846,806$10,985,897$14,844,480
60$16,696,180$12,370,111$11,296,736$16,011,119
61$18,340,200$12,917,256$11,616,187$17,283,797
62$20,150,053$13,489,354$11,944,481$18,672,817
63$22,142,593$14,087,568$12,281,857$20,189,512
64$24,336,396$14,713,117$12,628,557$21,846,351
65$26,751,927$15,367,278$12,984,832$23,657,048
66$29,411,739$16,051,390$13,350,940$25,636,695
67$32,340,682$16,766,854$13,727,141$27,801,895
68$35,566,139$17,515,136$14,113,708$30,170,921
69$39,118,283$18,297,777$14,510,915$32,763,879
70$43,030,365$19,116,385$14,919,048$35,602,898
71$47,339,023$19,972,648$15,338,397$38,712,337
72$52,084,630$20,868,334$15,769,260$42,119,004
73$57,311,675$21,805,296$16,211,943$45,852,409
74$63,069,183$22,785,472$16,666,760$49,945,041
75$69,411,175$23,810,896$17,134,032$54,432,664
76$76,397,183$24,883,698$17,614,090$59,354,652
77$84,092,804$26,006,108$18,107,271$64,754,358
78$92,570,327$27,180,464$18,613,921$70,679,515
79$101,909,409$28,409,215$19,134,396$77,182,683
80$112,197,829$29,694,927$19,669,059$84,321,737
81$123,532,319$31,040,290$20,218,284$92,160,409
82$136,019,472$32,448,121$20,782,453$100,768,883
83$149,776,750$33,921,371$21,361,957$110,224,451
84$164,933,595$35,463,134$21,957,198$120,612,236
85$181,632,645$37,076,651$22,568,588$132,025,987
86$200,031,087$38,765,319$23,196,548$144,568,957
87$220,302,136$40,532,697$23,841,510$158,354,872
88$242,636,669$42,382,515$24,503,916$173,508,990
89$267,245,032$44,318,681$25,184,220$190,169,284
90$294,359,019$46,345,290$25,882,885$208,487,728
91$324,234,066$48,466,636$26,600,389$228,631,726
92$357,151,656$50,687,217$27,337,217$250,785,678
93$393,421,980$53,011,745$28,093,869$275,152,718
94$433,386,864$55,445,163$28,870,856$301,956,615
95$477,422,995$57,992,647$29,668,700$331,443,873
96$525,945,478$60,659,624$30,487,939$363,886,051
97$579,411,752$63,451,781$31,329,121$399,582,313
98$638,325,911$66,375,079$32,192,806$438,862,237
99$703,243,461$69,435,764$33,079,572$482,088,913
100$774,776,562$72,640,384$33,990,005$529,662,359