Can I retire at age 55 with 9,700,000?

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 $9,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$801,017$793,882$786,921$780,126$773,492$750,536
2 years$396,543$389,158$382,000$375,061$368,329$345,392
3 years$261,736$254,319$247,180$240,305$233,683$211,482
4 years$194,346$186,951$179,883$173,126$166,665$145,371
5 years$153,922$146,572$139,597$132,978$126,696$106,367
6 years$126,982$119,687$112,815$106,343$100,250$80,905
7 years$107,746$100,513$93,750$87,431$81,530$63,168
8 years$93,326$86,158$79,507$73,343$67,637$50,246
9 years$82,117$75,016$68,480$62,472$56,960$40,523
10 years$73,154$66,123$59,702$53,852$48,533$33,026
11 years$65,826$58,866$52,561$46,867$41,740$27,137
12 years$59,723$52,835$46,646$41,109$36,171$22,443
13 years$54,564$47,747$41,675$36,293$31,542$18,657
14 years$50,145$43,401$37,446$32,217$27,649$15,576
15 years$46,319$39,647$33,808$28,732$24,345$13,048
16 years$42,975$36,376$30,652$25,726$21,516$10,961
17 years$40,027$33,501$27,892$23,115$19,078$9,229
18 years$37,409$30,956$25,462$20,831$16,963$7,787
19 years$35,070$28,690$23,309$18,823$15,119$6,580
20 years$32,967$26,660$21,392$17,047$13,505$5,568
21 years$31,067$24,833$19,677$15,472$12,085$4,717
22 years$29,342$23,180$18,135$14,067$10,833$4,000
23 years$27,770$21,680$16,744$12,811$9,724$3,394
24 years$26,330$20,313$15,486$11,685$8,740$2,883
25 years$25,008$19,063$14,343$10,671$7,865$2,450
26 years$23,790$17,916$13,302$9,757$7,084$2,082
27 years$22,663$16,861$12,352$8,931$6,387$1,771
28 years$21,619$15,888$11,483$8,183$5,763$1,507
29 years$20,649$14,988$10,686$7,504$5,204$1,282
30 years$19,745$14,155$9,954$6,887$4,702$1,092
31 years$18,901$13,381$9,280$6,325$4,251$930
32 years$18,111$12,661$8,658$5,813$3,846$792
33 years$17,371$11,990$8,084$5,345$3,480$674
34 years$16,676$11,364$7,553$4,918$3,151$574
35 years$16,022$10,779$7,062$4,527$2,854$489
36 years$15,406$10,231$6,606$4,170$2,586$417
37 years$14,824$9,717$6,183$3,842$2,344$355
38 years$14,275$9,234$5,790$3,541$2,125$303
39 years$13,754$8,781$5,425$3,265$1,927$258
40 years$13,261$8,354$5,085$3,011$1,748$220
41 years$12,794$7,953$4,768$2,778$1,586$187
42 years$12,350$7,574$4,472$2,564$1,439$160
43 years$11,927$7,216$4,197$2,367$1,306$136
44 years$11,525$6,879$3,939$2,186$1,185$116
45 years$11,142$6,559$3,699$2,018$1,076$99
46 years$10,776$6,257$3,474$1,864$977$84
47 years$10,428$5,971$3,264$1,723$887$72
48 years$10,094$5,701$3,067$1,592$806$61
49 years$9,776$5,444$2,883$1,471$732$52
50 years$9,471$5,200$2,710$1,360$665$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $9,700,000, adding $2,189 every year, while hoping to spend $54,247 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: 64/14/22 Blend
54$9,700,000$9,700,000$9,700,000$9,700,000
55$10,691,658$10,177,558$10,027,208$11,314,995
56$11,724,489$10,618,540$10,305,401$12,176,214
57$12,860,850$11,079,312$10,591,095$13,110,439
58$14,111,245$11,560,786$10,884,485$14,129,884
59$15,487,245$12,063,918$11,185,769$15,242,896
60$17,001,603$12,589,709$11,495,151$16,458,663
61$18,668,366$13,139,204$11,812,838$17,787,293
62$20,503,016$13,713,502$12,139,045$19,239,915
63$22,522,611$14,313,750$12,473,990$20,828,777
64$24,745,945$14,941,152$12,817,896$22,567,364
65$27,193,729$15,596,966$13,170,994$24,470,519
66$29,888,784$16,282,512$13,533,516$26,554,584
67$32,856,254$16,999,170$13,905,704$28,837,552
68$36,123,850$17,748,387$14,287,803$31,339,233
69$39,722,103$18,531,678$14,680,064$34,081,441
70$43,684,656$19,350,629$15,082,745$37,088,196
71$48,048,583$20,206,902$15,496,109$40,385,948
72$52,854,735$21,102,237$15,920,426$44,003,827
73$58,148,129$22,038,457$16,355,971$47,973,913
74$63,978,369$23,017,472$16,803,026$52,331,534
75$70,400,115$24,041,281$17,261,880$57,115,602
76$77,473,603$25,111,980$17,732,829$62,368,974
77$85,265,205$26,231,761$18,216,173$68,138,854
78$93,848,063$27,402,925$18,712,223$74,477,233
79$103,302,776$28,627,879$19,221,293$81,441,383
80$113,718,160$29,909,145$19,743,706$89,094,388
81$125,192,085$31,249,366$20,279,793$97,505,737
82$137,832,403$32,651,310$20,829,891$106,751,979
83$151,757,961$34,117,878$21,394,346$116,917,441
84$167,099,725$35,652,106$21,973,509$128,095,015
85$184,002,017$37,257,179$22,567,741$140,387,040
86$202,623,873$38,936,431$23,177,411$153,906,254
87$223,140,549$40,693,357$23,802,895$168,776,859
88$245,745,170$42,531,617$24,444,577$185,135,691
89$270,650,557$44,455,046$25,102,851$203,133,499
90$298,091,235$46,467,664$25,778,117$222,936,371
91$328,325,643$48,573,682$26,470,786$244,727,291
92$361,638,577$50,777,511$27,181,276$268,707,864
93$398,343,877$53,083,774$27,910,014$295,100,211
94$438,787,391$55,497,317$28,657,438$324,149,062
95$483,350,235$58,023,215$29,423,991$356,124,059
96$532,452,394$60,666,788$30,210,131$391,322,294
97$586,556,687$63,433,610$31,016,319$430,071,108
98$646,173,134$66,329,522$31,843,031$472,731,174
99$711,863,770$69,360,645$32,690,748$519,699,894
100$784,247,952$72,533,393$33,559,965$571,415,142