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%12.9%
1 years$801,017$793,882$786,921$780,126$773,492$764,143
2 years$396,543$389,158$382,000$375,061$368,329$358,921
3 years$261,736$254,319$247,180$240,305$233,683$224,507
4 years$194,346$186,951$179,883$173,126$166,665$157,792
5 years$153,922$146,572$139,597$132,978$126,696$118,153
6 years$126,982$119,687$112,815$106,343$100,250$92,046
7 years$107,746$100,513$93,750$87,431$81,530$73,669
8 years$93,326$86,158$79,507$73,343$67,637$60,118
9 years$82,117$75,016$68,480$62,472$56,960$49,780
10 years$73,154$66,123$59,702$53,852$48,533$41,687
11 years$65,826$58,866$52,561$46,867$41,740$35,222
12 years$59,723$52,835$46,646$41,109$36,171$29,974
13 years$54,564$47,747$41,675$36,293$31,542$25,657
14 years$50,145$43,401$37,446$32,217$27,649$22,069
15 years$46,319$39,647$33,808$28,732$24,345$19,060
16 years$42,975$36,376$30,652$25,726$21,516$16,517
17 years$40,027$33,501$27,892$23,115$19,078$14,355
18 years$37,409$30,956$25,462$20,831$16,963$12,507
19 years$35,070$28,690$23,309$18,823$15,119$10,920
20 years$32,967$26,660$21,392$17,047$13,505$9,551
21 years$31,067$24,833$19,677$15,472$12,085$8,367
22 years$29,342$23,180$18,135$14,067$10,833$7,340
23 years$27,770$21,680$16,744$12,811$9,724$6,446
24 years$26,330$20,313$15,486$11,685$8,740$5,667
25 years$25,008$19,063$14,343$10,671$7,865$4,987
26 years$23,790$17,916$13,302$9,757$7,084$4,392
27 years$22,663$16,861$12,352$8,931$6,387$3,870
28 years$21,619$15,888$11,483$8,183$5,763$3,413
29 years$20,649$14,988$10,686$7,504$5,204$3,011
30 years$19,745$14,155$9,954$6,887$4,702$2,658
31 years$18,901$13,381$9,280$6,325$4,251$2,347
32 years$18,111$12,661$8,658$5,813$3,846$2,073
33 years$17,371$11,990$8,084$5,345$3,480$1,832
34 years$16,676$11,364$7,553$4,918$3,151$1,619
35 years$16,022$10,779$7,062$4,527$2,854$1,431
36 years$15,406$10,231$6,606$4,170$2,586$1,266
37 years$14,824$9,717$6,183$3,842$2,344$1,119
38 years$14,275$9,234$5,790$3,541$2,125$990
39 years$13,754$8,781$5,425$3,265$1,927$876
40 years$13,261$8,354$5,085$3,011$1,748$775
41 years$12,794$7,953$4,768$2,778$1,586$686
42 years$12,350$7,574$4,472$2,564$1,439$607
43 years$11,927$7,216$4,197$2,367$1,306$537
44 years$11,525$6,879$3,939$2,186$1,185$476
45 years$11,142$6,559$3,699$2,018$1,076$421
46 years$10,776$6,257$3,474$1,864$977$373
47 years$10,428$5,971$3,264$1,723$887$330
48 years$10,094$5,701$3,067$1,592$806$292
49 years$9,776$5,444$2,883$1,471$732$259
50 years$9,471$5,200$2,710$1,360$665$229

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 $4,307 every year, while hoping to spend $46,306 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: 76/10/14 Blend
54$9,700,000$9,700,000$9,700,000$9,700,000
55$10,693,843$10,179,743$10,029,393$11,474,928
56$11,735,345$10,629,281$10,316,108$12,440,528
57$12,881,529$11,099,294$10,610,877$13,492,569
58$14,143,023$11,590,738$10,913,919$14,644,635
59$15,531,538$12,104,611$11,225,462$15,906,670
60$17,059,979$12,641,960$11,545,738$17,289,626
61$18,742,563$13,203,882$11,874,987$18,805,562
62$20,594,958$13,791,526$12,213,453$20,467,755
63$22,634,429$14,406,096$12,561,388$22,290,826
64$24,879,997$15,048,851$12,919,051$24,290,877
65$27,352,624$15,721,112$13,286,706$26,485,641
66$30,075,407$16,424,262$13,664,627$28,894,647
67$33,073,798$17,159,750$14,053,091$31,539,403
68$36,375,842$17,929,094$14,452,386$34,443,600
69$40,012,442$18,733,885$14,862,806$37,633,327
70$44,017,653$19,575,787$15,284,652$41,137,327
71$48,429,000$20,456,547$15,718,234$44,987,253
72$53,287,833$21,377,992$16,163,869$49,217,977
73$58,639,717$22,342,040$16,621,885$53,867,908
74$64,534,865$23,350,696$17,092,614$58,979,359
75$71,028,605$24,406,064$17,576,401$64,598,940
76$78,181,909$25,510,348$18,073,596$70,777,997
77$86,061,964$26,665,855$18,584,562$77,573,097
78$94,742,808$27,875,006$19,109,669$85,046,554
79$104,306,028$29,140,334$19,649,296$93,267,021
80$114,841,529$30,464,497$20,203,833$102,310,130
81$126,448,384$31,850,276$20,773,681$112,259,208
82$139,235,768$33,300,589$21,359,248$123,206,055
83$153,323,990$34,818,491$21,960,956$135,251,814
84$168,845,624$36,407,184$22,579,236$148,507,918
85$185,946,767$38,070,025$23,214,529$163,097,142
86$204,788,411$39,810,530$23,867,290$179,154,755
87$225,547,968$41,632,385$24,537,983$196,829,797
88$248,420,941$43,539,452$25,227,085$216,286,480
89$273,622,769$45,535,778$25,935,085$237,705,736
90$301,390,866$47,625,605$26,662,485$261,286,918
91$331,986,853$49,813,378$27,409,797$287,249,684
92$365,699,036$52,103,758$28,177,549$315,836,058
93$402,845,121$54,501,626$28,966,280$347,312,718
94$443,775,218$57,012,100$29,776,545$381,973,505
95$488,875,141$59,640,543$30,608,910$420,142,190
96$538,570,054$62,392,579$31,463,958$462,175,533
97$593,328,483$65,274,098$32,342,283$508,466,635
98$653,666,735$68,291,277$33,244,497$559,448,654
99$720,153,781$71,450,588$34,171,226$615,598,882
100$793,416,615$74,758,815$35,123,111$677,443,246