Can I retire at age 55 with 9,600,000?

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 $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$792,759$785,698$778,808$772,084$765,517$740,420
2 years$392,455$385,146$378,062$371,194$364,532$339,487
3 years$259,038$251,697$244,631$237,828$231,274$207,066
4 years$192,342$185,024$178,029$171,341$164,947$141,762
5 years$152,335$145,061$138,158$131,607$125,390$103,290
6 years$125,673$118,453$111,652$105,247$99,217$78,221
7 years$106,636$99,477$92,783$86,529$80,690$60,794
8 years$92,364$85,270$78,688$72,587$66,940$48,131
9 years$81,270$74,243$67,774$61,828$56,373$38,628
10 years$72,400$65,441$59,087$53,297$48,033$31,324
11 years$65,147$58,259$52,019$46,384$41,310$25,606
12 years$59,108$52,290$46,165$40,685$35,798$21,065
13 years$54,001$47,255$41,246$35,919$31,217$17,417
14 years$49,628$42,953$37,060$31,885$27,364$14,460
15 years$45,842$39,239$33,460$28,435$24,094$12,044
16 years$42,532$36,001$30,336$25,461$21,294$10,060
17 years$39,614$33,155$27,605$22,876$18,881$8,421
18 years$37,024$30,637$25,200$20,616$16,788$7,063
19 years$34,708$28,394$23,069$18,629$14,963$5,932
20 years$32,627$26,385$21,172$16,872$13,366$4,989
21 years$30,747$24,577$19,474$15,312$11,961$4,201
22 years$29,040$22,941$17,948$13,922$10,721$3,540
23 years$27,483$21,457$16,572$12,679$9,624$2,985
24 years$26,059$20,104$15,326$11,564$8,650$2,519
25 years$24,750$18,866$14,195$10,561$7,784$2,127
26 years$23,544$17,731$13,165$9,657$7,011$1,797
27 years$22,430$16,687$12,225$8,839$6,321$1,518
28 years$21,396$15,724$11,365$8,098$5,704$1,283
29 years$20,436$14,834$10,576$7,426$5,150$1,085
30 years$19,541$14,009$9,851$6,816$4,654$918
31 years$18,706$13,243$9,184$6,260$4,207$776
32 years$17,925$12,531$8,569$5,753$3,806$657
33 years$17,192$11,867$8,001$5,290$3,444$556
34 years$16,504$11,247$7,475$4,867$3,118$470
35 years$15,857$10,668$6,989$4,481$2,825$398
36 years$15,247$10,125$6,538$4,127$2,559$337
37 years$14,671$9,617$6,119$3,802$2,319$285
38 years$14,127$9,139$5,731$3,504$2,103$241
39 years$13,613$8,690$5,369$3,231$1,907$204
40 years$13,125$8,268$5,032$2,980$1,730$173
41 years$12,662$7,871$4,719$2,750$1,569$146
42 years$12,222$7,496$4,426$2,538$1,424$124
43 years$11,804$7,142$4,153$2,343$1,292$105
44 years$11,406$6,808$3,899$2,163$1,173$89
45 years$11,027$6,492$3,661$1,998$1,065$75
46 years$10,665$6,193$3,438$1,845$967$64
47 years$10,320$5,910$3,230$1,705$878$54
48 years$9,990$5,642$3,036$1,575$797$46
49 years$9,675$5,388$2,853$1,456$724$39
50 years$9,373$5,146$2,682$1,346$658$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $9,600,000, adding $4,338 every year, while hoping to spend $56,720 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: 52/43/5 Blend
54$9,600,000$9,600,000$9,600,000$9,600,000
55$10,583,675$10,074,875$9,926,075$11,121,933
56$11,602,860$10,508,194$10,198,249$11,920,402
57$12,724,101$10,960,845$10,477,639$12,781,677
58$13,957,748$11,433,715$10,764,429$13,716,871
59$15,315,204$11,927,732$11,058,803$14,732,950
60$16,809,034$12,443,871$11,360,952$15,837,560
61$18,453,083$12,983,148$11,671,071$17,039,106
62$20,262,604$13,546,629$11,989,359$18,346,820
63$22,254,408$14,135,432$12,316,021$19,770,848
64$24,447,013$14,750,724$12,651,263$21,322,341
65$26,860,828$15,393,728$12,995,300$23,013,556
66$29,518,338$16,065,727$13,348,348$24,857,969
67$32,444,323$16,768,062$13,710,632$26,870,394
68$35,666,084$17,502,137$14,082,378$29,067,124
69$39,213,706$18,269,423$14,463,820$31,466,074
70$43,120,341$19,071,462$14,855,195$34,086,947
71$47,422,518$19,909,866$15,256,746$36,951,418
72$52,160,490$20,786,325$15,668,722$40,083,328
73$57,378,613$21,702,607$16,091,377$43,508,906
74$63,125,763$22,660,567$16,524,970$47,257,010
75$69,455,801$23,662,145$16,969,766$51,359,393
76$76,428,075$24,709,372$17,426,036$55,850,996
77$84,107,987$25,804,380$17,894,057$60,770,270
78$92,567,603$26,949,396$18,374,109$66,159,534
79$101,886,340$28,146,757$18,866,483$72,065,365
80$112,151,708$29,398,910$19,371,471$78,539,029
81$123,460,141$30,708,416$19,889,375$85,636,959
82$135,917,908$32,077,960$20,420,501$93,421,276
83$149,642,108$33,510,354$20,965,161$101,960,370
84$164,761,785$35,008,543$21,523,676$111,329,532
85$181,419,139$36,575,613$22,096,371$121,611,658
86$199,770,870$38,214,797$22,683,578$132,898,019
87$219,989,657$39,929,481$23,285,637$145,289,111
88$242,265,789$41,723,212$23,902,892$158,895,598
89$266,808,957$43,599,708$24,535,697$173,839,335
90$293,850,239$45,562,861$25,184,411$190,254,513
91$323,644,274$47,616,752$25,849,400$208,288,913
92$356,471,672$49,765,655$26,531,037$228,105,281
93$392,641,659$52,014,049$27,229,703$249,882,857
94$432,494,996$54,366,625$27,945,785$273,819,047
95$476,407,195$56,828,299$28,679,679$300,131,273
96$524,792,067$59,404,223$29,431,786$329,059,010
97$578,105,623$62,099,795$30,202,516$360,866,027
98$636,850,381$64,920,670$30,992,285$395,842,861
99$701,580,111$67,872,774$31,801,518$434,309,538
100$772,905,060$70,962,318$32,630,646$476,618,579