Can I retire at age 55 with 9,900,000?

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 $9,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$817,533$810,251$803,146$796,211$789,440$783,153
2 years$404,719$397,182$389,877$382,794$375,924$369,586
3 years$267,133$259,563$252,276$245,260$238,501$232,309
4 years$198,353$190,806$183,592$176,696$170,101$164,103
5 years$157,096$149,594$142,475$135,719$129,308$123,521
6 years$129,600$122,155$115,141$108,536$102,317$96,749
7 years$109,968$102,586$95,683$89,233$83,211$77,864
8 years$95,251$87,935$81,147$74,856$69,032$63,905
9 years$83,810$76,563$69,892$63,760$58,135$53,228
10 years$74,662$67,487$60,933$54,962$49,534$44,844
11 years$67,183$60,079$53,644$47,833$42,601$38,124
12 years$60,955$53,924$47,608$41,956$36,917$32,649
13 years$55,689$48,731$42,535$37,041$32,192$28,129
14 years$51,179$44,296$38,218$32,881$28,219$24,356
15 years$47,274$40,465$34,505$29,324$24,847$21,177
16 years$43,861$37,126$31,284$26,257$21,960$18,479
17 years$40,852$34,191$28,467$23,591$19,471$16,173
18 years$38,180$31,594$25,987$21,261$17,313$14,191
19 years$35,793$29,281$23,790$19,211$15,431$12,480
20 years$33,647$27,210$21,833$17,399$13,783$10,996
21 years$31,708$25,345$20,082$15,791$12,335$9,705
22 years$29,947$23,658$18,509$14,357$11,056$8,578
23 years$28,342$22,127$17,090$13,076$9,925$7,591
24 years$26,873$20,732$15,805$11,926$8,920$6,726
25 years$25,524$19,456$14,639$10,891$8,027$5,965
26 years$24,280$18,285$13,577$9,958$7,231$5,294
27 years$23,131$17,209$12,607$9,115$6,519$4,703
28 years$22,065$16,216$11,720$8,351$5,882$4,180
29 years$21,075$15,297$10,906$7,658$5,311$3,718
30 years$20,152$14,447$10,159$7,029$4,799$3,309
31 years$19,291$13,657$9,471$6,455$4,339$2,946
32 years$18,485$12,922$8,836$5,932$3,925$2,624
33 years$17,729$12,238$8,251$5,455$3,552$2,338
34 years$17,020$11,599$7,709$5,019$3,216$2,083
35 years$16,352$11,001$7,207$4,621$2,913$1,857
36 years$15,723$10,442$6,742$4,255$2,639$1,656
37 years$15,130$9,917$6,311$3,921$2,392$1,477
38 years$14,569$9,425$5,910$3,614$2,169$1,318
39 years$14,038$8,962$5,537$3,332$1,966$1,176
40 years$13,535$8,527$5,190$3,074$1,784$1,050
41 years$13,058$8,117$4,866$2,836$1,618$937
42 years$12,604$7,730$4,565$2,617$1,468$836
43 years$12,173$7,365$4,283$2,416$1,333$747
44 years$11,763$7,020$4,021$2,231$1,210$667
45 years$11,372$6,695$3,775$2,060$1,098$595
46 years$10,999$6,386$3,546$1,903$997$532
47 years$10,643$6,095$3,331$1,758$905$475
48 years$10,302$5,818$3,130$1,624$822$424
49 years$9,977$5,556$2,942$1,501$747$379
50 years$9,666$5,307$2,766$1,388$678$338

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $9,900,000, adding $6,523 every year, while hoping to spend $41,321 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: 39/39/22 Blend
54$9,900,000$9,900,000$9,900,000$9,900,000
55$10,916,528$10,391,828$10,238,378$11,270,561
56$11,986,049$10,857,063$10,537,399$11,991,899
57$13,163,276$11,343,709$10,845,052$12,766,982
58$14,459,152$11,852,772$11,161,582$13,604,250
59$15,885,733$12,385,306$11,487,243$14,509,374
60$17,456,305$12,942,413$11,822,294$15,488,574
61$19,185,509$13,525,252$12,167,000$16,548,676
62$21,089,473$14,135,032$12,521,638$17,697,170
63$23,185,974$14,773,023$12,886,487$18,942,280
64$25,494,598$15,440,555$13,261,839$20,293,031
65$28,036,926$16,139,021$13,647,989$21,759,339
66$30,836,740$16,869,882$14,045,245$23,352,092
67$33,920,248$17,634,666$14,453,921$25,083,248
68$37,316,325$18,434,976$14,874,339$26,965,948
69$41,056,793$19,272,493$15,306,832$29,014,632
70$45,176,715$20,148,975$15,751,741$31,245,166
71$49,714,732$21,066,266$16,209,416$33,674,992
72$54,713,422$22,026,300$16,680,218$36,323,280
73$60,219,703$23,031,101$17,164,517$39,211,109
74$66,285,278$24,082,791$17,662,694$42,361,655
75$72,967,122$25,183,593$18,175,140$45,800,402
76$80,328,017$26,335,838$18,702,256$49,555,378
77$88,437,148$27,541,967$19,244,455$53,657,411
78$97,370,755$28,804,541$19,802,162$58,140,410
79$107,212,849$30,126,241$20,375,812$63,041,678
80$118,056,011$31,509,878$20,965,853$68,402,257
81$130,002,260$32,958,398$21,572,745$74,267,302
82$143,164,020$34,474,888$22,196,960$80,686,501
83$157,665,176$36,062,585$22,838,986$87,714,534
84$173,642,252$37,724,879$23,499,319$95,411,574
85$191,245,689$39,465,325$24,178,473$103,843,851
86$210,641,272$41,287,648$24,876,975$113,084,260
87$232,011,693$43,195,754$25,595,365$123,213,037
88$255,558,274$45,193,735$26,334,198$134,318,510
89$281,502,871$47,285,881$27,094,047$146,497,911
90$310,089,963$49,476,688$27,875,496$159,858,286
91$341,588,963$51,770,870$28,679,149$174,517,488
92$376,296,760$54,173,365$29,505,623$190,605,278
93$414,540,522$56,689,353$30,355,555$208,264,527
94$456,680,786$59,324,262$31,229,597$227,652,557
95$503,114,856$62,083,781$32,128,418$248,942,602
96$554,280,559$64,973,874$33,052,708$272,325,427
97$610,660,376$68,000,793$34,003,173$298,011,112
98$672,785,994$71,171,092$34,980,539$326,231,012
99$741,243,331$74,491,641$35,985,553$357,239,923
100$816,678,061$77,969,641$37,018,979$391,318,465