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%19.9%
1 years$792,759$785,698$778,808$772,084$765,517$735,145
2 years$392,455$385,146$378,062$371,194$364,532$334,309
3 years$259,038$251,697$244,631$237,828$231,274$202,152
4 years$192,342$185,024$178,029$171,341$164,947$137,147
5 years$152,335$145,061$138,158$131,607$125,390$98,983
6 years$125,673$118,453$111,652$105,247$99,217$74,220
7 years$106,636$99,477$92,783$86,529$80,690$57,094
8 years$92,364$85,270$78,688$72,587$66,940$44,721
9 years$81,270$74,243$67,774$61,828$56,373$35,498
10 years$72,400$65,441$59,087$53,297$48,033$28,460
11 years$65,147$58,259$52,019$46,384$41,310$22,994
12 years$59,108$52,290$46,165$40,685$35,798$18,690
13 years$54,001$47,255$41,246$35,919$31,217$15,264
14 years$49,628$42,953$37,060$31,885$27,364$12,514
15 years$45,842$39,239$33,460$28,435$24,094$10,291
16 years$42,532$36,001$30,336$25,461$21,294$8,484
17 years$39,614$33,155$27,605$22,876$18,881$7,008
18 years$37,024$30,637$25,200$20,616$16,788$5,799
19 years$34,708$28,394$23,069$18,629$14,963$4,805
20 years$32,627$26,385$21,172$16,872$13,366$3,986
21 years$30,747$24,577$19,474$15,312$11,961$3,309
22 years$29,040$22,941$17,948$13,922$10,721$2,750
23 years$27,483$21,457$16,572$12,679$9,624$2,286
24 years$26,059$20,104$15,326$11,564$8,650$1,902
25 years$24,750$18,866$14,195$10,561$7,784$1,583
26 years$23,544$17,731$13,165$9,657$7,011$1,318
27 years$22,430$16,687$12,225$8,839$6,321$1,097
28 years$21,396$15,724$11,365$8,098$5,704$914
29 years$20,436$14,834$10,576$7,426$5,150$762
30 years$19,541$14,009$9,851$6,816$4,654$635
31 years$18,706$13,243$9,184$6,260$4,207$529
32 years$17,925$12,531$8,569$5,753$3,806$441
33 years$17,192$11,867$8,001$5,290$3,444$368
34 years$16,504$11,247$7,475$4,867$3,118$306
35 years$15,857$10,668$6,989$4,481$2,825$255
36 years$15,247$10,125$6,538$4,127$2,559$213
37 years$14,671$9,617$6,119$3,802$2,319$178
38 years$14,127$9,139$5,731$3,504$2,103$148
39 years$13,613$8,690$5,369$3,231$1,907$123
40 years$13,125$8,268$5,032$2,980$1,730$103
41 years$12,662$7,871$4,719$2,750$1,569$86
42 years$12,222$7,496$4,426$2,538$1,424$72
43 years$11,804$7,142$4,153$2,343$1,292$60
44 years$11,406$6,808$3,899$2,163$1,173$50
45 years$11,027$6,492$3,661$1,998$1,065$42
46 years$10,665$6,193$3,438$1,845$967$35
47 years$10,320$5,910$3,230$1,705$878$29
48 years$9,990$5,642$3,036$1,575$797$24
49 years$9,675$5,388$2,853$1,456$724$20
50 years$9,373$5,146$2,682$1,346$658$17

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 $6,411 every year, while hoping to spend $36,634 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: 60/21/19 Blend
54$9,600,000$9,600,000$9,600,000$9,600,000
55$10,585,813$10,077,013$9,928,213$11,168,243
56$11,626,588$10,531,808$10,221,830$12,017,796
57$12,772,293$11,007,661$10,524,055$12,939,604
58$14,033,595$11,505,564$10,835,138$13,944,444
59$15,422,242$12,026,557$11,155,336$15,040,365
60$16,951,185$12,571,732$11,484,914$16,236,221
61$18,634,689$13,142,230$11,824,142$17,541,750
62$20,488,477$13,739,249$12,173,300$18,967,666
63$22,529,872$14,364,043$12,532,677$20,525,756
64$24,777,965$15,017,927$12,902,566$22,228,991
65$27,253,789$15,702,277$13,283,274$24,091,641
66$29,980,524$16,418,537$13,675,112$26,129,413
67$32,983,711$17,168,220$14,078,403$28,359,591
68$36,291,497$17,952,910$14,493,477$30,801,199
69$39,934,896$18,774,268$14,920,674$33,475,176
70$43,948,083$19,634,035$15,360,345$36,404,573
71$48,368,721$20,534,036$15,812,849$39,614,763
72$53,238,308$21,476,182$16,278,558$43,133,681
73$58,602,577$22,462,476$16,757,850$46,992,079
74$64,511,920$23,495,018$17,251,119$51,223,819
75$71,021,871$24,576,009$17,758,767$55,866,181
76$78,193,624$25,707,755$18,281,207$60,960,218
77$86,094,613$26,892,674$18,818,867$66,551,132
78$94,799,147$28,133,299$19,372,182$72,688,703
79$104,389,114$29,432,285$19,941,605$79,427,747
80$114,954,753$30,792,416$20,527,598$86,828,634
81$126,595,502$32,216,608$21,130,637$94,957,849
82$139,420,941$33,707,920$21,751,211$103,888,618
83$153,551,826$35,269,557$22,389,825$113,701,587
84$169,121,224$36,904,877$23,046,996$124,485,583
85$186,275,774$38,617,401$23,723,256$136,338,446
86$205,177,071$40,410,821$24,419,152$149,367,940
87$226,003,186$42,289,006$25,135,248$163,692,772
88$248,950,354$44,256,010$25,872,122$179,443,697
89$274,234,821$46,316,085$26,630,369$196,764,751
90$302,094,886$48,473,687$27,410,600$215,814,601
91$332,793,154$50,733,487$28,213,444$236,768,031
92$366,619,009$53,100,382$29,039,548$259,817,591
93$403,891,352$55,579,505$29,889,577$285,175,398
94$444,961,606$58,176,236$30,764,214$313,075,133
95$490,217,036$60,896,218$31,664,161$343,774,237
96$540,084,404$63,745,363$32,590,141$377,556,329
97$595,033,998$66,729,871$33,542,896$414,733,877
98$655,584,072$69,856,241$34,523,189$455,651,130
99$722,305,737$73,131,286$35,531,805$500,687,362
100$795,828,352$76,562,149$36,569,550$550,260,440