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%15.6%
1 years$801,017$793,882$786,921$780,126$773,492$755,714
2 years$396,543$389,158$382,000$375,061$368,329$350,517
3 years$261,736$254,319$247,180$240,305$233,683$216,392
4 years$194,346$186,951$179,883$173,126$166,665$150,028
5 years$153,922$146,572$139,597$132,978$126,696$110,761
6 years$126,982$119,687$112,815$106,343$100,250$85,033
7 years$107,746$100,513$93,750$87,431$81,530$67,033
8 years$93,326$86,158$79,507$73,343$67,637$53,855
9 years$82,117$75,016$68,480$62,472$56,960$43,882
10 years$73,154$66,123$59,702$53,852$48,533$36,145
11 years$65,826$58,866$52,561$46,867$41,740$30,025
12 years$59,723$52,835$46,646$41,109$36,171$25,110
13 years$54,564$47,747$41,675$36,293$31,542$21,115
14 years$50,145$43,401$37,446$32,217$27,649$17,834
15 years$46,319$39,647$33,808$28,732$24,345$15,119
16 years$42,975$36,376$30,652$25,726$21,516$12,856
17 years$40,027$33,501$27,892$23,115$19,078$10,960
18 years$37,409$30,956$25,462$20,831$16,963$9,363
19 years$35,070$28,690$23,309$18,823$15,119$8,014
20 years$32,967$26,660$21,392$17,047$13,505$6,869
21 years$31,067$24,833$19,677$15,472$12,085$5,896
22 years$29,342$23,180$18,135$14,067$10,833$5,066
23 years$27,770$21,680$16,744$12,811$9,724$4,357
24 years$26,330$20,313$15,486$11,685$8,740$3,751
25 years$25,008$19,063$14,343$10,671$7,865$3,231
26 years$23,790$17,916$13,302$9,757$7,084$2,784
27 years$22,663$16,861$12,352$8,931$6,387$2,401
28 years$21,619$15,888$11,483$8,183$5,763$2,071
29 years$20,649$14,988$10,686$7,504$5,204$1,787
30 years$19,745$14,155$9,954$6,887$4,702$1,543
31 years$18,901$13,381$9,280$6,325$4,251$1,333
32 years$18,111$12,661$8,658$5,813$3,846$1,151
33 years$17,371$11,990$8,084$5,345$3,480$994
34 years$16,676$11,364$7,553$4,918$3,151$859
35 years$16,022$10,779$7,062$4,527$2,854$742
36 years$15,406$10,231$6,606$4,170$2,586$642
37 years$14,824$9,717$6,183$3,842$2,344$555
38 years$14,275$9,234$5,790$3,541$2,125$480
39 years$13,754$8,781$5,425$3,265$1,927$415
40 years$13,261$8,354$5,085$3,011$1,748$358
41 years$12,794$7,953$4,768$2,778$1,586$310
42 years$12,350$7,574$4,472$2,564$1,439$268
43 years$11,927$7,216$4,197$2,367$1,306$232
44 years$11,525$6,879$3,939$2,186$1,185$200
45 years$11,142$6,559$3,699$2,018$1,076$173
46 years$10,776$6,257$3,474$1,864$977$150
47 years$10,428$5,971$3,264$1,723$887$130
48 years$10,094$5,701$3,067$1,592$806$112
49 years$9,776$5,444$2,883$1,471$732$97
50 years$9,471$5,200$2,710$1,360$665$84

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 $2,379 every year, while hoping to spend $56,894 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: 80/13/7 Blend
54$9,700,000$9,700,000$9,700,000$9,700,000
55$10,691,854$10,177,754$10,027,404$11,539,090
56$11,721,888$10,615,929$10,302,787$12,532,533
57$12,855,079$11,073,668$10,585,489$13,614,601
58$14,101,889$11,551,869$10,875,694$14,800,173
59$15,473,844$12,051,473$11,173,593$16,099,554
60$16,983,646$12,573,465$11,479,378$17,524,091
61$18,645,289$13,118,876$11,793,248$19,086,275
62$20,474,193$13,688,786$12,115,406$20,799,863
63$22,487,348$14,284,324$12,446,060$22,680,002
64$24,703,476$14,906,674$12,785,421$24,743,376
65$27,143,205$15,557,076$13,133,708$27,008,354
66$29,829,266$16,236,826$13,491,141$29,495,168
67$32,786,705$16,947,284$13,857,947$32,226,103
68$36,043,120$17,689,873$14,234,360$35,225,699
69$39,628,923$18,466,081$14,620,616$38,520,988
70$43,577,624$19,277,470$15,016,958$42,141,744
71$47,926,149$20,125,674$15,423,633$46,120,760
72$52,715,188$21,012,403$15,840,896$50,494,160
73$57,989,576$21,939,450$16,269,005$55,301,737
74$63,798,721$22,908,691$16,708,225$60,587,322
75$70,197,066$23,922,093$17,158,827$66,399,200
76$77,244,606$24,981,714$17,621,086$72,790,564
77$85,007,449$26,089,711$18,095,285$79,820,010
78$93,558,444$27,248,342$18,581,713$87,552,091
79$102,977,868$28,459,974$19,080,663$96,057,923
80$113,354,182$29,727,084$19,592,437$105,415,853
81$124,784,866$31,052,269$20,117,341$115,712,196
82$137,377,340$32,438,247$20,655,689$127,042,047
83$151,249,974$33,887,868$21,207,801$139,510,175
84$166,533,213$35,404,114$21,774,003$153,232,008
85$183,370,797$36,990,112$22,354,629$168,334,721
86$201,921,128$38,649,137$22,950,018$184,958,431
87$222,358,757$40,384,619$23,560,518$203,257,516
88$244,876,037$42,200,153$24,186,483$223,402,070
89$269,684,936$44,099,503$24,828,273$245,579,504
90$297,019,036$46,086,615$25,486,256$269,996,310
91$327,135,740$48,165,622$26,160,809$296,880,006
92$360,318,703$50,340,854$26,852,313$326,481,279
93$396,880,504$52,616,849$27,561,158$359,076,347
94$437,165,601$54,998,360$28,287,743$394,969,563
95$481,553,581$57,490,369$29,032,471$434,496,279
96$530,462,744$60,098,095$29,795,757$478,026,010
97$584,354,049$62,827,006$30,578,019$525,965,914
98$643,735,465$65,682,833$31,379,687$578,764,631
99$709,166,772$68,671,581$32,201,195$636,916,511
100$781,264,836$71,799,542$33,042,988$700,966,277