Can I retire at age 55 with 9,800,000?

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 $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$809,275$802,066$795,033$788,169$781,466$759,189
2 years$400,631$393,170$385,938$378,927$372,127$349,857
3 years$264,434$256,941$249,728$242,782$236,092$214,527
4 years$196,349$188,879$181,738$174,911$168,383$147,687
5 years$155,509$148,083$141,036$134,348$128,002$108,233
6 years$128,291$120,921$113,978$107,440$101,284$82,459
7 years$108,857$101,549$94,716$88,332$82,371$64,491
8 years$94,288$87,047$80,327$74,099$68,335$51,389
9 years$82,963$75,790$69,186$63,116$57,548$41,520
10 years$73,908$66,805$60,318$54,407$49,033$33,903
11 years$66,505$59,472$53,103$47,350$42,170$27,911
12 years$60,339$53,379$47,127$41,533$36,544$23,129
13 years$55,126$48,239$42,105$36,667$31,867$19,267
14 years$50,662$43,848$37,832$32,549$27,934$16,118
15 years$46,797$40,056$34,157$29,028$24,596$13,530
16 years$43,418$36,751$30,968$25,991$21,738$11,391
17 years$40,439$33,846$28,180$23,353$19,274$9,613
18 years$37,795$31,275$25,725$21,046$17,138$8,128
19 years$35,431$28,986$23,550$19,017$15,275$6,884
20 years$33,307$26,935$21,613$17,223$13,644$5,838
21 years$31,388$25,089$19,879$15,631$12,210$4,958
22 years$29,645$23,419$18,322$14,212$10,944$4,214
23 years$28,056$21,904$16,917$12,943$9,824$3,584
24 years$26,602$20,522$15,645$11,805$8,830$3,051
25 years$25,266$19,259$14,491$10,781$7,946$2,599
26 years$24,035$18,101$13,440$9,858$7,157$2,215
27 years$22,897$17,035$12,480$9,023$6,453$1,888
28 years$21,842$16,052$11,602$8,267$5,823$1,611
29 years$20,862$15,143$10,796$7,581$5,258$1,374
30 years$19,949$14,301$10,056$6,958$4,751$1,173
31 years$19,096$13,519$9,375$6,390$4,295$1,001
32 years$18,298$12,792$8,747$5,872$3,885$855
33 years$17,550$12,114$8,167$5,400$3,516$730
34 years$16,848$11,481$7,631$4,969$3,183$623
35 years$16,187$10,890$7,135$4,574$2,883$532
36 years$15,565$10,336$6,674$4,213$2,612$455
37 years$14,977$9,817$6,247$3,881$2,368$388
38 years$14,422$9,330$5,850$3,577$2,147$332
39 years$13,896$8,872$5,481$3,299$1,947$283
40 years$13,398$8,441$5,137$3,042$1,766$242
41 years$12,926$8,035$4,817$2,807$1,602$207
42 years$12,477$7,652$4,519$2,591$1,454$177
43 years$12,050$7,291$4,240$2,391$1,319$151
44 years$11,644$6,950$3,980$2,208$1,197$129
45 years$11,257$6,627$3,737$2,039$1,087$110
46 years$10,888$6,322$3,510$1,884$987$94
47 years$10,535$6,033$3,298$1,740$896$81
48 years$10,198$5,759$3,099$1,608$814$69
49 years$9,876$5,500$2,913$1,486$739$59
50 years$9,568$5,254$2,738$1,374$671$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $9,800,000, adding $4,750 every year, while hoping to spend $39,122 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: 62/13/25 Blend
54$9,800,000$9,800,000$9,800,000$9,800,000
55$10,804,500$10,285,100$10,133,200$11,402,429
56$11,864,933$10,747,444$10,431,036$12,270,591
57$13,032,220$11,231,132$10,737,539$13,213,383
58$14,317,217$11,737,168$11,052,958$14,241,955
59$15,731,889$12,266,605$11,377,547$15,364,689
60$17,289,418$12,820,546$11,711,572$16,590,812
61$19,004,331$13,400,144$12,055,302$17,930,476
62$20,892,633$14,006,613$12,409,015$19,394,854
63$22,971,964$14,641,218$12,772,999$20,996,244
64$25,261,757$15,305,291$13,147,547$22,748,183
65$27,783,428$16,000,222$13,532,962$24,665,570
66$30,560,576$16,727,472$13,929,555$26,764,809
67$33,619,206$17,488,569$14,337,646$29,063,958
68$36,987,971$18,285,115$14,757,564$31,582,898
69$40,698,449$19,118,790$15,189,646$34,343,520
70$44,785,432$19,991,352$15,634,241$37,369,928
71$49,287,264$20,904,646$16,091,706$40,688,660
72$54,246,194$21,860,603$16,562,408$44,328,944
73$59,708,782$22,861,249$17,046,724$48,322,964
74$65,726,333$23,908,705$17,545,044$52,706,164
75$72,355,382$25,005,194$18,057,766$57,517,577
76$79,658,230$26,153,048$18,585,301$62,800,194
77$87,703,531$27,354,709$19,128,070$68,601,363
78$96,566,937$28,612,736$19,686,507$74,973,237
79$106,331,817$29,929,813$20,261,057$81,973,255
80$117,090,039$31,308,750$20,852,179$89,664,688
81$128,942,839$32,752,495$21,460,343$98,117,228
82$142,001,778$34,264,136$22,086,034$107,407,645
83$156,389,792$35,846,911$22,729,748$117,620,503
84$172,242,354$37,504,213$23,391,998$128,848,959
85$189,708,752$39,239,598$24,073,308$141,195,632
86$208,953,500$41,056,793$24,774,219$154,773,574
87$230,157,888$42,959,707$25,495,286$169,707,325
88$253,521,694$44,952,434$26,237,080$186,134,089
89$279,265,071$47,039,267$27,000,186$204,205,018
90$307,630,623$49,224,706$27,785,207$224,086,641
91$338,885,697$51,513,468$28,592,762$245,962,422
92$373,324,907$53,910,497$29,423,489$270,034,492
93$411,272,912$56,420,975$30,278,040$296,525,548
94$453,087,483$59,050,336$31,157,088$325,680,947
95$499,162,879$61,804,276$32,061,323$357,771,020
96$549,933,570$64,688,762$32,991,455$393,093,610
97$605,878,338$67,710,056$33,948,212$431,976,882
98$667,524,796$70,874,716$34,932,345$474,782,413
99$735,454,369$74,189,621$35,944,622$521,908,591
100$810,307,783$77,661,981$36,985,835$573,794,375