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%14.9%
1 years$792,759$785,698$778,808$772,084$765,517$750,061
2 years$392,455$385,146$378,062$371,194$364,532$349,028
3 years$259,038$251,697$244,631$237,828$231,274$216,206
4 years$192,342$185,024$178,029$171,341$164,947$150,430
5 years$152,335$145,061$138,158$131,607$125,390$111,466
6 years$125,673$118,453$111,652$105,247$99,217$85,901
7 years$106,636$99,477$92,783$86,529$80,690$67,985
8 years$92,364$85,270$78,688$72,587$66,940$54,843
9 years$81,270$74,243$67,774$61,828$56,373$44,875
10 years$72,400$65,441$59,087$53,297$48,033$37,123
11 years$65,147$58,259$52,019$46,384$41,310$30,975
12 years$59,108$52,290$46,165$40,685$35,798$26,023
13 years$54,001$47,255$41,246$35,919$31,217$21,984
14 years$49,628$42,953$37,060$31,885$27,364$18,657
15 years$45,842$39,239$33,460$28,435$24,094$15,894
16 years$42,532$36,001$30,336$25,461$21,294$13,582
17 years$39,614$33,155$27,605$22,876$18,881$11,638
18 years$37,024$30,637$25,200$20,616$16,788$9,994
19 years$34,708$28,394$23,069$18,629$14,963$8,598
20 years$32,627$26,385$21,172$16,872$13,366$7,409
21 years$30,747$24,577$19,474$15,312$11,961$6,393
22 years$29,040$22,941$17,948$13,922$10,721$5,523
23 years$27,483$21,457$16,572$12,679$9,624$4,776
24 years$26,059$20,104$15,326$11,564$8,650$4,134
25 years$24,750$18,866$14,195$10,561$7,784$3,581
26 years$23,544$17,731$13,165$9,657$7,011$3,104
27 years$22,430$16,687$12,225$8,839$6,321$2,691
28 years$21,396$15,724$11,365$8,098$5,704$2,335
29 years$20,436$14,834$10,576$7,426$5,150$2,027
30 years$19,541$14,009$9,851$6,816$4,654$1,760
31 years$18,706$13,243$9,184$6,260$4,207$1,528
32 years$17,925$12,531$8,569$5,753$3,806$1,328
33 years$17,192$11,867$8,001$5,290$3,444$1,154
34 years$16,504$11,247$7,475$4,867$3,118$1,003
35 years$15,857$10,668$6,989$4,481$2,825$872
36 years$15,247$10,125$6,538$4,127$2,559$758
37 years$14,671$9,617$6,119$3,802$2,319$659
38 years$14,127$9,139$5,731$3,504$2,103$573
39 years$13,613$8,690$5,369$3,231$1,907$499
40 years$13,125$8,268$5,032$2,980$1,730$434
41 years$12,662$7,871$4,719$2,750$1,569$377
42 years$12,222$7,496$4,426$2,538$1,424$328
43 years$11,804$7,142$4,153$2,343$1,292$286
44 years$11,406$6,808$3,899$2,163$1,173$248
45 years$11,027$6,492$3,661$1,998$1,065$216
46 years$10,665$6,193$3,438$1,845$967$188
47 years$10,320$5,910$3,230$1,705$878$164
48 years$9,990$5,642$3,036$1,575$797$142
49 years$9,675$5,388$2,853$1,456$724$124
50 years$9,373$5,146$2,682$1,346$658$108

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 $3,068 every year, while hoping to spend $55,959 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: 79/13/8 Blend
54$9,600,000$9,600,000$9,600,000$9,600,000
55$10,582,365$10,073,565$9,924,765$11,406,823
56$11,602,226$10,507,629$10,197,704$12,382,074
57$12,724,237$10,961,088$10,477,912$13,444,049
58$13,958,760$11,434,831$10,765,572$14,607,360
59$15,317,208$11,929,792$11,060,873$15,882,090
60$16,812,159$12,446,948$11,364,008$17,279,337
61$18,457,472$12,987,321$11,675,175$18,811,322
62$20,268,417$13,551,983$11,994,577$20,491,502
63$22,261,819$14,142,054$12,322,419$22,334,694
64$24,456,218$14,758,708$12,658,913$24,357,217
65$26,872,042$15,403,174$13,004,276$26,577,041
66$29,531,800$16,076,740$13,358,730$29,013,956
67$32,460,297$16,780,753$13,722,500$31,689,759
68$35,684,862$17,516,625$14,095,819$34,628,454
69$39,235,611$18,285,833$14,478,922$37,856,482
70$43,145,731$19,089,926$14,872,053$41,402,963
71$47,451,787$19,930,524$15,275,458$45,299,975
72$52,194,074$20,809,324$15,689,391$49,582,849
73$57,416,994$21,728,106$16,114,111$54,290,505
74$63,169,475$22,688,730$16,549,880$59,465,814
75$69,505,430$23,693,147$16,996,971$65,156,002
76$76,484,273$24,743,400$17,455,658$71,413,092
77$84,171,470$25,841,627$17,926,223$78,294,396
78$92,639,163$26,990,071$18,408,955$85,863,049
79$101,966,851$28,191,077$18,904,148$94,188,604
80$112,242,135$29,447,106$19,412,103$103,347,686
81$123,561,551$30,760,732$19,933,126$113,424,714
82$136,031,474$32,134,653$20,467,531$124,512,692
83$149,769,129$33,571,695$21,015,638$136,714,083
84$164,903,692$35,074,820$21,577,774$150,141,777
85$181,577,511$36,647,128$22,154,271$164,920,151
86$199,947,449$38,291,870$22,745,471$181,186,239
87$220,186,365$40,012,447$23,351,721$199,091,021
88$242,484,745$41,812,428$23,973,374$218,800,846
89$267,052,500$43,695,549$24,610,794$240,498,999
90$294,120,947$45,665,723$25,264,347$264,387,424
91$323,944,992$47,727,051$25,934,411$290,688,628
92$356,805,537$49,883,832$26,621,369$319,647,776
93$393,012,129$52,140,567$27,325,612$351,535,002
94$432,905,884$54,501,973$28,047,539$386,647,951
95$476,862,709$56,972,994$28,787,555$425,314,587
96$525,296,842$59,558,808$29,546,076$467,896,281
97$578,664,773$62,264,842$30,323,522$514,791,216
98$637,469,543$65,096,783$31,120,324$566,438,144
99$702,265,501$68,060,590$31,936,918$623,320,517
100$773,663,529$71,162,506$32,773,752$685,971,048