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%16.5%
1 years$809,275$802,066$795,033$788,169$781,466$760,723
2 years$400,631$393,170$385,938$378,927$372,127$351,373
3 years$264,434$256,941$249,728$242,782$236,092$215,978
4 years$196,349$188,879$181,738$174,911$168,383$149,062
5 years$155,509$148,083$141,036$134,348$128,002$109,528
6 years$128,291$120,921$113,978$107,440$101,284$83,675
7 years$108,857$101,549$94,716$88,332$82,371$65,627
8 years$94,288$87,047$80,327$74,099$68,335$52,449
9 years$82,963$75,790$69,186$63,116$57,548$42,505
10 years$73,908$66,805$60,318$54,407$49,033$34,815
11 years$66,505$59,472$53,103$47,350$42,170$28,755
12 years$60,339$53,379$47,127$41,533$36,544$23,906
13 years$55,126$48,239$42,105$36,667$31,867$19,982
14 years$50,662$43,848$37,832$32,549$27,934$16,773
15 years$46,797$40,056$34,157$29,028$24,596$14,130
16 years$43,418$36,751$30,968$25,991$21,738$11,939
17 years$40,439$33,846$28,180$23,353$19,274$10,112
18 years$37,795$31,275$25,725$21,046$17,138$8,582
19 years$35,431$28,986$23,550$19,017$15,275$7,295
20 years$33,307$26,935$21,613$17,223$13,644$6,211
21 years$31,388$25,089$19,879$15,631$12,210$5,294
22 years$29,645$23,419$18,322$14,212$10,944$4,517
23 years$28,056$21,904$16,917$12,943$9,824$3,858
24 years$26,602$20,522$15,645$11,805$8,830$3,297
25 years$25,266$19,259$14,491$10,781$7,946$2,820
26 years$24,035$18,101$13,440$9,858$7,157$2,413
27 years$22,897$17,035$12,480$9,023$6,453$2,065
28 years$21,842$16,052$11,602$8,267$5,823$1,769
29 years$20,862$15,143$10,796$7,581$5,258$1,515
30 years$19,949$14,301$10,056$6,958$4,751$1,298
31 years$19,096$13,519$9,375$6,390$4,295$1,113
32 years$18,298$12,792$8,747$5,872$3,885$954
33 years$17,550$12,114$8,167$5,400$3,516$818
34 years$16,848$11,481$7,631$4,969$3,183$702
35 years$16,187$10,890$7,135$4,574$2,883$602
36 years$15,565$10,336$6,674$4,213$2,612$516
37 years$14,977$9,817$6,247$3,881$2,368$443
38 years$14,422$9,330$5,850$3,577$2,147$380
39 years$13,896$8,872$5,481$3,299$1,947$326
40 years$13,398$8,441$5,137$3,042$1,766$280
41 years$12,926$8,035$4,817$2,807$1,602$240
42 years$12,477$7,652$4,519$2,591$1,454$206
43 years$12,050$7,291$4,240$2,391$1,319$177
44 years$11,644$6,950$3,980$2,208$1,197$152
45 years$11,257$6,627$3,737$2,039$1,087$130
46 years$10,888$6,322$3,510$1,884$987$112
47 years$10,535$6,033$3,298$1,740$896$96
48 years$10,198$5,759$3,099$1,608$814$82
49 years$9,876$5,500$2,913$1,486$739$71
50 years$9,568$5,254$2,738$1,374$671$61

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 $3,021 every year, while hoping to spend $55,366 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: 53/38/9 Blend
54$9,800,000$9,800,000$9,800,000$9,800,000
55$10,802,716$10,283,316$10,131,416$11,350,708
56$11,845,684$10,728,290$10,411,910$12,168,024
57$12,993,179$11,193,211$10,699,944$13,050,489
58$14,255,805$11,679,000$10,995,713$14,009,239
59$15,645,244$12,186,618$11,299,417$15,051,500
60$17,174,369$12,717,072$11,611,257$16,185,211
61$18,857,364$13,271,419$11,931,444$17,419,096
62$20,709,858$13,850,761$12,260,190$18,762,743
63$22,749,071$14,456,256$12,597,714$20,226,692
64$24,993,979$15,089,114$12,944,240$21,822,529
65$27,465,488$15,750,604$13,299,995$23,562,993
66$30,186,639$16,442,055$13,665,216$25,462,091
67$33,182,816$17,164,856$14,040,141$27,535,226
68$36,481,994$17,920,464$14,425,016$29,799,341
69$40,114,995$18,710,405$14,820,092$32,273,070
70$44,115,786$19,536,275$15,225,626$34,976,911
71$48,521,792$20,399,749$15,641,881$37,933,416
72$53,374,256$21,302,578$16,069,125$41,167,396
73$58,718,624$22,246,598$16,507,634$44,706,151
74$64,604,973$23,233,731$16,957,690$48,579,723
75$71,088,487$24,265,991$17,419,579$52,821,172
76$78,229,975$25,345,486$17,893,597$57,466,881
77$86,096,443$26,474,426$18,380,043$62,556,897
78$94,761,732$27,655,125$18,879,227$68,135,297
79$104,307,210$28,890,007$19,391,462$74,250,600
80$114,822,539$30,181,611$19,917,070$80,956,219
81$126,406,526$31,532,598$20,456,379$88,310,952
82$139,168,050$32,945,753$21,009,726$96,379,534
83$153,227,093$34,423,997$21,577,454$105,233,239
84$168,715,872$35,970,388$22,159,914$114,950,539
85$185,780,084$37,588,131$22,757,464$125,617,843
86$204,580,284$39,280,581$23,370,471$137,330,297
87$225,293,400$41,051,256$23,999,308$150,192,673
88$248,114,400$42,903,840$24,644,359$164,320,350
89$273,258,136$44,842,196$25,306,012$179,840,390
90$300,961,369$46,870,366$25,984,666$196,892,726
91$331,485,005$48,992,591$26,680,729$215,631,470
92$365,116,558$51,213,310$27,394,616$236,226,355
93$402,172,861$53,537,177$28,126,750$258,864,329
94$443,003,062$55,969,068$28,877,565$283,751,295
95$487,991,913$58,514,091$29,647,503$311,114,053
96$537,563,407$61,177,600$30,437,013$341,202,415
97$592,184,778$63,965,205$31,246,556$374,291,553
98$652,370,910$66,882,785$32,076,600$410,684,579
99$718,689,201$69,936,500$32,927,624$450,715,386
100$791,764,916$73,132,805$33,800,116$494,751,788