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%12.5%
1 years$809,275$802,066$795,033$788,169$781,466$773,305
2 years$400,631$393,170$385,938$378,927$372,127$363,908
3 years$264,434$256,941$249,728$242,782$236,092$228,071
4 years$196,349$188,879$181,738$174,911$168,383$160,622
5 years$155,509$148,083$141,036$134,348$128,002$120,523
6 years$128,291$120,921$113,978$107,440$101,284$94,096
7 years$108,857$101,549$94,716$88,332$82,371$75,477
8 years$94,288$87,047$80,327$74,099$68,335$61,735
9 years$82,963$75,790$69,186$63,116$57,548$51,239
10 years$73,908$66,805$60,318$54,407$49,033$43,013
11 years$66,505$59,472$53,103$47,350$42,170$36,432
12 years$60,339$53,379$47,127$41,533$36,544$31,082
13 years$55,126$48,239$42,105$36,667$31,867$26,676
14 years$50,662$43,848$37,832$32,549$27,934$23,006
15 years$46,797$40,056$34,157$29,028$24,596$19,923
16 years$43,418$36,751$30,968$25,991$21,738$17,313
17 years$40,439$33,846$28,180$23,353$19,274$15,089
18 years$37,795$31,275$25,725$21,046$17,138$13,184
19 years$35,431$28,986$23,550$19,017$15,275$11,544
20 years$33,307$26,935$21,613$17,223$13,644$10,127
21 years$31,388$25,089$19,879$15,631$12,210$8,898
22 years$29,645$23,419$18,322$14,212$10,944$7,829
23 years$28,056$21,904$16,917$12,943$9,824$6,897
24 years$26,602$20,522$15,645$11,805$8,830$6,083
25 years$25,266$19,259$14,491$10,781$7,946$5,369
26 years$24,035$18,101$13,440$9,858$7,157$4,744
27 years$22,897$17,035$12,480$9,023$6,453$4,194
28 years$21,842$16,052$11,602$8,267$5,823$3,710
29 years$20,862$15,143$10,796$7,581$5,258$3,284
30 years$19,949$14,301$10,056$6,958$4,751$2,908
31 years$19,096$13,519$9,375$6,390$4,295$2,576
32 years$18,298$12,792$8,747$5,872$3,885$2,283
33 years$17,550$12,114$8,167$5,400$3,516$2,024
34 years$16,848$11,481$7,631$4,969$3,183$1,795
35 years$16,187$10,890$7,135$4,574$2,883$1,592
36 years$15,565$10,336$6,674$4,213$2,612$1,413
37 years$14,977$9,817$6,247$3,881$2,368$1,254
38 years$14,422$9,330$5,850$3,577$2,147$1,113
39 years$13,896$8,872$5,481$3,299$1,947$988
40 years$13,398$8,441$5,137$3,042$1,766$877
41 years$12,926$8,035$4,817$2,807$1,602$779
42 years$12,477$7,652$4,519$2,591$1,454$692
43 years$12,050$7,291$4,240$2,391$1,319$614
44 years$11,644$6,950$3,980$2,208$1,197$546
45 years$11,257$6,627$3,737$2,039$1,087$485
46 years$10,888$6,322$3,510$1,884$987$431
47 years$10,535$6,033$3,298$1,740$896$383
48 years$10,198$5,759$3,099$1,608$814$340
49 years$9,876$5,500$2,913$1,486$739$302
50 years$9,568$5,254$2,738$1,374$671$268

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 $4,517 every year, while hoping to spend $55,617 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: 55/27/18 Blend
54$9,800,000$9,800,000$9,800,000$9,800,000
55$10,804,259$10,284,859$10,132,959$11,346,126
56$11,847,118$10,729,641$10,413,237$12,161,128
57$12,994,484$11,194,354$10,701,041$13,041,848
58$14,256,958$11,679,914$10,996,563$13,999,680
59$15,646,222$12,187,284$11,300,001$15,042,013
60$17,175,144$12,717,469$11,611,559$16,176,970
61$18,857,907$13,271,522$11,931,444$17,413,485
62$20,710,134$13,850,548$12,259,869$18,761,378
63$22,749,044$14,455,701$12,597,050$20,231,453
64$24,993,606$15,088,190$12,943,211$21,835,593
65$27,464,724$15,749,282$13,298,579$23,586,868
66$30,185,433$16,440,303$13,663,388$25,499,659
67$33,181,111$17,162,643$14,037,877$27,589,786
68$36,479,728$17,917,755$14,422,288$29,874,657
69$40,112,098$18,707,163$14,816,873$32,373,429
70$44,112,181$19,532,463$15,221,887$35,107,184
71$48,517,394$20,395,324$15,637,591$38,099,123
72$53,368,971$21,297,498$16,064,253$41,374,782
73$58,712,347$22,240,817$16,502,147$44,962,270
74$64,597,590$23,227,199$16,951,552$48,892,530
75$71,079,869$24,258,658$17,412,754$53,199,622
76$78,219,981$25,337,297$17,886,046$57,921,046
77$86,084,918$26,465,323$18,371,728$63,098,088
78$94,748,503$27,645,048$18,870,104$68,776,203
79$104,292,086$28,878,891$19,381,489$75,005,441
80$114,805,311$30,169,388$19,906,200$81,840,913
81$126,386,960$31,519,196$20,444,566$89,343,304
82$139,145,890$32,931,097$20,996,919$97,579,444
83$153,202,056$34,408,006$21,563,601$106,622,925
84$168,687,645$35,952,977$22,144,960$116,554,798
85$185,748,321$37,569,209$22,741,353$127,464,321
86$204,544,605$39,260,055$23,353,143$139,449,803
87$225,253,382$41,029,026$23,980,701$152,619,520
88$248,069,580$42,879,801$24,624,408$167,092,728
89$273,208,001$44,816,235$25,284,649$183,000,785
90$300,905,354$46,842,367$25,961,821$200,488,377
91$331,422,486$48,962,429$26,656,328$219,714,878
92$365,046,846$51,180,855$27,368,582$240,855,844
93$402,095,198$53,502,290$28,099,003$264,104,659
94$442,916,609$55,931,603$28,848,020$289,674,354
95$487,895,747$58,473,896$29,616,073$317,799,600
96$537,456,508$61,134,512$30,403,607$348,738,919
97$592,066,022$63,919,053$31,211,078$382,777,111
98$652,239,059$66,833,389$32,038,951$420,227,926
99$718,542,888$69,883,670$32,887,701$461,437,018
100$791,602,634$73,076,341$33,757,810$506,785,190