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%15.4%
1 years$817,533$810,251$803,146$796,211$789,440$771,924
2 years$404,719$397,182$389,877$382,794$375,924$358,368
3 years$267,133$259,563$252,276$245,260$238,501$221,453
4 years$198,353$190,806$183,592$176,696$170,101$153,693
5 years$157,096$149,594$142,475$135,719$129,308$113,585
6 years$129,600$122,155$115,141$108,536$102,317$87,296
7 years$109,968$102,586$95,683$89,233$83,211$68,895
8 years$95,251$87,935$81,147$74,856$69,032$55,415
9 years$83,810$76,563$69,892$63,760$58,135$45,208
10 years$74,662$67,487$60,933$54,962$49,534$37,283
11 years$67,183$60,079$53,644$47,833$42,601$31,010
12 years$60,955$53,924$47,608$41,956$36,917$25,967
13 years$55,689$48,731$42,535$37,041$32,192$21,865
14 years$51,179$44,296$38,218$32,881$28,219$18,493
15 years$47,274$40,465$34,505$29,324$24,847$15,699
16 years$43,861$37,126$31,284$26,257$21,960$13,369
17 years$40,852$34,191$28,467$23,591$19,471$11,413
18 years$38,180$31,594$25,987$21,261$17,313$9,765
19 years$35,793$29,281$23,790$19,211$15,431$8,370
20 years$33,647$27,210$21,833$17,399$13,783$7,186
21 years$31,708$25,345$20,082$15,791$12,335$6,177
22 years$29,947$23,658$18,509$14,357$11,056$5,316
23 years$28,342$22,127$17,090$13,076$9,925$4,579
24 years$26,873$20,732$15,805$11,926$8,920$3,948
25 years$25,524$19,456$14,639$10,891$8,027$3,406
26 years$24,280$18,285$13,577$9,958$7,231$2,940
27 years$23,131$17,209$12,607$9,115$6,519$2,539
28 years$22,065$16,216$11,720$8,351$5,882$2,194
29 years$21,075$15,297$10,906$7,658$5,311$1,897
30 years$20,152$14,447$10,159$7,029$4,799$1,640
31 years$19,291$13,657$9,471$6,455$4,339$1,419
32 years$18,485$12,922$8,836$5,932$3,925$1,227
33 years$17,729$12,238$8,251$5,455$3,552$1,062
34 years$17,020$11,599$7,709$5,019$3,216$919
35 years$16,352$11,001$7,207$4,621$2,913$796
36 years$15,723$10,442$6,742$4,255$2,639$689
37 years$15,130$9,917$6,311$3,921$2,392$597
38 years$14,569$9,425$5,910$3,614$2,169$517
39 years$14,038$8,962$5,537$3,332$1,966$447
40 years$13,535$8,527$5,190$3,074$1,784$388
41 years$13,058$8,117$4,866$2,836$1,618$336
42 years$12,604$7,730$4,565$2,617$1,468$291
43 years$12,173$7,365$4,283$2,416$1,333$252
44 years$11,763$7,020$4,021$2,231$1,210$218
45 years$11,372$6,695$3,775$2,060$1,098$189
46 years$10,999$6,386$3,546$1,903$997$164
47 years$10,643$6,095$3,331$1,758$905$142
48 years$10,302$5,818$3,130$1,624$822$123
49 years$9,977$5,556$2,942$1,501$747$107
50 years$9,666$5,307$2,766$1,388$678$92

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 $5,178 every year, while hoping to spend $58,874 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: 80/5/15 Blend
54$9,900,000$9,900,000$9,900,000$9,900,000
55$10,915,141$10,390,441$10,236,991$11,754,281
56$11,965,844$10,836,931$10,517,289$12,753,508
57$13,121,745$11,303,326$10,805,003$13,841,791
58$14,393,513$11,790,539$11,100,321$15,034,499
59$15,792,902$12,299,526$11,403,432$16,342,074
60$17,332,863$12,831,288$11,714,532$17,776,015
61$19,027,666$13,386,872$12,033,820$19,348,991
62$20,893,035$13,967,375$12,361,500$21,074,951
63$22,946,295$14,573,947$12,697,780$22,969,263
64$25,206,535$15,207,789$13,042,874$25,048,853
65$27,694,791$15,870,160$13,397,000$27,332,364
66$30,434,241$16,562,379$13,760,380$29,840,335
67$33,450,424$17,285,826$14,133,243$32,595,390
68$36,771,482$18,041,946$14,515,822$35,622,450
69$40,428,425$18,832,253$14,908,354$38,948,970
70$44,455,424$19,658,333$15,311,083$42,605,195
71$48,890,130$20,521,844$15,724,257$46,624,447
72$53,774,034$21,424,525$16,148,130$51,043,433
73$59,152,855$22,368,196$16,582,962$55,902,596
74$65,076,973$23,354,765$17,029,018$61,246,492
75$71,601,902$24,386,227$17,486,569$67,124,208
76$78,788,818$25,464,673$17,955,890$73,589,831
77$86,705,129$26,592,294$18,437,265$80,702,947
78$95,425,120$27,771,384$18,930,981$88,529,209
79$105,030,646$29,004,345$19,437,332$97,140,955
80$115,611,908$30,293,695$19,956,619$106,617,883
81$127,268,306$31,642,069$20,489,149$117,047,811
82$140,109,372$33,052,229$21,035,234$128,527,496
83$154,255,807$34,527,068$21,595,194$141,163,550
84$169,840,620$36,069,614$22,169,353$155,073,443
85$187,010,381$37,683,044$22,758,045$170,386,609
86$205,926,608$39,370,680$23,361,607$187,245,671
87$226,767,286$41,136,008$23,980,385$205,807,776
88$249,728,553$42,982,676$24,614,732$226,246,086
89$275,026,545$44,914,507$25,265,005$248,751,403
90$302,899,442$46,935,507$25,931,572$273,533,974
91$333,609,710$49,049,872$26,614,805$300,825,468
92$367,446,583$51,261,999$27,315,084$330,881,162
93$404,728,791$53,576,493$28,032,795$363,982,352
94$445,807,568$55,998,181$28,768,333$400,438,999
95$491,069,967$58,532,119$29,522,100$440,592,660
96$540,942,517$61,183,607$30,294,504$484,819,701
97$595,895,245$63,958,195$31,085,961$533,534,857
98$656,446,114$66,861,700$31,896,894$587,195,133
99$723,165,912$69,900,218$32,727,735$646,304,125
100$796,683,642$73,080,135$33,578,921$711,416,765