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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.4%
1 years$801,017$793,882$786,921$780,126$773,492$753,265
2 years$396,543$389,158$382,000$375,061$368,329$348,089
3 years$261,736$254,319$247,180$240,305$233,683$214,063
4 years$194,346$186,951$179,883$173,126$166,665$147,815
5 years$153,922$146,572$139,597$132,978$126,696$108,669
6 years$126,982$119,687$112,815$106,343$100,250$83,063
7 years$107,746$100,513$93,750$87,431$81,530$65,185
8 years$93,326$86,158$79,507$73,343$67,637$52,126
9 years$82,117$75,016$68,480$62,472$56,960$42,269
10 years$73,154$66,123$59,702$53,852$48,533$34,643
11 years$65,826$58,866$52,561$46,867$41,740$28,631
12 years$59,723$52,835$46,646$41,109$36,171$23,819
13 years$54,564$47,747$41,675$36,293$31,542$19,922
14 years$50,145$43,401$37,446$32,217$27,649$16,735
15 years$46,319$39,647$33,808$28,732$24,345$14,108
16 years$42,975$36,376$30,652$25,726$21,516$11,928
17 years$40,027$33,501$27,892$23,115$19,078$10,110
18 years$37,409$30,956$25,462$20,831$16,963$8,587
19 years$35,070$28,690$23,309$18,823$15,119$7,305
20 years$32,967$26,660$21,392$17,047$13,505$6,224
21 years$31,067$24,833$19,677$15,472$12,085$5,310
22 years$29,342$23,180$18,135$14,067$10,833$4,534
23 years$27,770$21,680$16,744$12,811$9,724$3,875
24 years$26,330$20,313$15,486$11,685$8,740$3,315
25 years$25,008$19,063$14,343$10,671$7,865$2,837
26 years$23,790$17,916$13,302$9,757$7,084$2,429
27 years$22,663$16,861$12,352$8,931$6,387$2,081
28 years$21,619$15,888$11,483$8,183$5,763$1,784
29 years$20,649$14,988$10,686$7,504$5,204$1,529
30 years$19,745$14,155$9,954$6,887$4,702$1,312
31 years$18,901$13,381$9,280$6,325$4,251$1,125
32 years$18,111$12,661$8,658$5,813$3,846$965
33 years$17,371$11,990$8,084$5,345$3,480$828
34 years$16,676$11,364$7,553$4,918$3,151$711
35 years$16,022$10,779$7,062$4,527$2,854$610
36 years$15,406$10,231$6,606$4,170$2,586$524
37 years$14,824$9,717$6,183$3,842$2,344$450
38 years$14,275$9,234$5,790$3,541$2,125$386
39 years$13,754$8,781$5,425$3,265$1,927$332
40 years$13,261$8,354$5,085$3,011$1,748$285
41 years$12,794$7,953$4,768$2,778$1,586$245
42 years$12,350$7,574$4,472$2,564$1,439$210
43 years$11,927$7,216$4,197$2,367$1,306$180
44 years$11,525$6,879$3,939$2,186$1,185$155
45 years$11,142$6,559$3,699$2,018$1,076$133
46 years$10,776$6,257$3,474$1,864$977$114
47 years$10,428$5,971$3,264$1,723$887$98
48 years$10,094$5,701$3,067$1,592$806$84
49 years$9,776$5,444$2,883$1,471$732$73
50 years$9,471$5,200$2,710$1,360$665$62

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 $6,195 every year, while hoping to spend $28,681 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: 68/24/8 Blend
54$9,700,000$9,700,000$9,700,000$9,700,000
55$10,695,790$10,181,690$10,031,340$11,407,195
56$11,756,244$10,650,077$10,336,874$12,348,133
57$12,923,904$11,140,453$10,651,681$13,372,696
58$14,209,673$11,653,866$10,976,043$14,492,358
59$15,625,567$12,191,413$11,310,249$15,716,423
60$17,184,828$12,754,246$11,654,595$17,055,129
61$18,902,046$13,343,568$12,009,389$18,519,736
62$20,793,297$13,960,646$12,374,946$20,122,638
63$22,876,297$14,606,802$12,751,591$21,877,469
64$25,170,570$15,283,425$13,139,660$23,799,238
65$27,697,626$15,991,971$13,539,496$25,904,458
66$30,481,171$16,733,965$13,951,457$28,211,307
67$33,547,327$17,511,006$14,375,907$30,739,793
68$36,924,879$18,324,770$14,813,225$33,511,939
69$40,645,546$19,177,013$15,263,797$36,551,989
70$44,744,283$20,069,578$15,728,026$39,886,634
71$49,259,608$21,004,395$16,206,322$43,545,257
72$54,233,964$21,983,486$16,699,110$47,560,209
73$59,714,126$23,008,975$17,206,828$51,967,110
74$65,751,636$24,083,084$17,729,926$56,805,183
75$72,403,292$25,208,144$18,268,868$62,117,613
76$79,731,684$26,386,600$18,824,131$67,951,960
77$87,805,785$27,621,012$19,396,208$74,360,593
78$96,701,600$28,914,067$19,985,607$81,401,186
79$106,502,887$30,268,579$20,592,848$89,137,256
80$117,301,943$31,687,501$21,218,470$97,638,756
81$129,200,480$33,173,927$21,863,027$106,982,727
82$142,310,579$34,731,100$22,527,089$117,254,025
83$156,755,756$36,362,422$23,211,244$128,546,111
84$172,672,121$38,071,458$23,916,098$140,961,928
85$190,209,663$39,861,946$24,642,274$154,614,866
86$209,533,672$41,737,804$25,390,413$169,629,826
87$230,826,293$43,703,143$26,161,178$186,144,389
88$254,288,247$45,762,269$26,955,250$204,310,108
89$280,140,726$47,919,698$27,773,329$224,293,933
90$308,627,484$50,180,167$28,616,139$246,279,773
91$340,017,132$52,548,640$29,484,424$270,470,227
92$374,605,677$55,030,321$30,378,950$297,088,486
93$412,719,318$57,630,669$31,300,507$326,380,428
94$454,717,523$60,355,405$32,249,908$358,616,932
95$500,996,420$63,210,530$33,227,990$394,096,422
96$551,992,543$66,202,334$34,235,616$433,147,674
97$608,186,946$69,337,413$35,273,673$476,132,905
98$670,109,751$72,622,682$36,343,077$523,451,183
99$738,345,145$76,065,393$37,444,770$575,542,179
100$813,536,902$79,673,150$38,579,722$632,890,306