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%19.2%
1 years$817,533$810,251$803,146$796,211$789,440$760,221
2 years$404,719$397,182$389,877$382,794$375,924$346,816
3 years$267,133$259,563$252,276$245,260$238,501$210,421
4 years$198,353$190,806$183,592$176,696$170,101$143,261
5 years$157,096$149,594$142,475$135,719$129,308$103,779
6 years$129,600$122,155$115,141$108,536$102,317$78,117
7 years$109,968$102,586$95,683$89,233$83,211$60,333
8 years$95,251$87,935$81,147$74,856$69,032$47,456
9 years$83,810$76,563$69,892$63,760$58,135$37,831
10 years$74,662$67,487$60,933$54,962$49,534$30,465
11 years$67,183$60,079$53,644$47,833$42,601$24,727
12 years$60,955$53,924$47,608$41,956$36,917$20,193
13 years$55,689$48,731$42,535$37,041$32,192$16,571
14 years$51,179$44,296$38,218$32,881$28,219$13,652
15 years$47,274$40,465$34,505$29,324$24,847$11,283
16 years$43,861$37,126$31,284$26,257$21,960$9,349
17 years$40,852$34,191$28,467$23,591$19,471$7,763
18 years$38,180$31,594$25,987$21,261$17,313$6,458
19 years$35,793$29,281$23,790$19,211$15,431$5,379
20 years$33,647$27,210$21,833$17,399$13,783$4,486
21 years$31,708$25,345$20,082$15,791$12,335$3,745
22 years$29,947$23,658$18,509$14,357$11,056$3,129
23 years$28,342$22,127$17,090$13,076$9,925$2,616
24 years$26,873$20,732$15,805$11,926$8,920$2,188
25 years$25,524$19,456$14,639$10,891$8,027$1,831
26 years$24,280$18,285$13,577$9,958$7,231$1,533
27 years$23,131$17,209$12,607$9,115$6,519$1,284
28 years$22,065$16,216$11,720$8,351$5,882$1,076
29 years$21,075$15,297$10,906$7,658$5,311$901
30 years$20,152$14,447$10,159$7,029$4,799$755
31 years$19,291$13,657$9,471$6,455$4,339$633
32 years$18,485$12,922$8,836$5,932$3,925$531
33 years$17,729$12,238$8,251$5,455$3,552$445
34 years$17,020$11,599$7,709$5,019$3,216$373
35 years$16,352$11,001$7,207$4,621$2,913$313
36 years$15,723$10,442$6,742$4,255$2,639$262
37 years$15,130$9,917$6,311$3,921$2,392$220
38 years$14,569$9,425$5,910$3,614$2,169$185
39 years$14,038$8,962$5,537$3,332$1,966$155
40 years$13,535$8,527$5,190$3,074$1,784$130
41 years$13,058$8,117$4,866$2,836$1,618$109
42 years$12,604$7,730$4,565$2,617$1,468$91
43 years$12,173$7,365$4,283$2,416$1,333$77
44 years$11,763$7,020$4,021$2,231$1,210$64
45 years$11,372$6,695$3,775$2,060$1,098$54
46 years$10,999$6,386$3,546$1,903$997$45
47 years$10,643$6,095$3,331$1,758$905$38
48 years$10,302$5,818$3,130$1,624$822$32
49 years$9,977$5,556$2,942$1,501$747$27
50 years$9,666$5,307$2,766$1,388$678$22

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 $2,572 every year, while hoping to spend $46,775 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: 63/28/9 Blend
54$9,900,000$9,900,000$9,900,000$9,900,000
55$10,912,453$10,387,753$10,234,303$11,578,899
56$11,975,755$10,846,985$10,527,384$12,483,500
57$13,145,946$11,327,151$10,828,715$13,465,106
58$14,433,880$11,829,228$11,138,524$14,535,685
59$15,851,514$12,354,240$11,457,044$15,703,860
60$17,412,027$12,903,256$11,784,513$16,979,118
61$19,129,937$13,477,399$12,121,178$18,371,890
62$21,021,244$14,077,844$12,467,290$19,893,654
63$23,103,576$14,705,823$12,823,109$21,557,033
64$25,396,357$15,362,626$13,188,900$23,375,917
65$27,920,993$16,049,602$13,564,936$25,365,589
66$30,701,070$16,768,168$13,951,497$27,542,866
67$33,762,576$17,519,805$14,348,869$29,926,253
68$37,134,151$18,306,068$14,757,349$32,536,118
69$40,847,353$19,128,583$15,177,238$35,394,874
70$44,936,954$19,989,055$15,608,847$38,527,195
71$49,441,275$20,889,271$16,052,495$41,960,238
72$54,402,541$21,831,100$16,508,509$45,723,898
73$59,867,280$22,816,504$16,977,224$49,851,087
74$65,886,767$23,847,537$17,458,985$54,378,037
75$72,517,501$24,926,351$17,954,146$59,344,640
76$79,821,745$26,055,201$18,463,068$64,794,816
77$87,868,106$27,236,449$18,986,124$70,776,927
78$96,732,190$28,472,571$19,523,696$77,344,225
79$106,497,308$29,766,162$20,076,174$84,555,350
80$117,255,269$31,119,940$20,643,962$92,474,875
81$129,107,242$32,536,752$21,227,470$101,173,914
82$142,164,712$34,019,585$21,827,122$110,730,783
83$156,550,533$35,571,564$22,443,351$121,231,734
84$172,400,085$37,195,969$23,076,601$132,771,760
85$189,862,556$38,896,234$23,727,330$145,455,487
86$209,102,346$40,675,959$24,396,004$159,398,152
87$230,300,619$42,538,914$25,083,104$174,726,685
88$253,657,016$44,489,055$25,789,121$191,580,895
89$279,391,535$46,530,522$26,514,561$210,114,782
90$307,746,613$48,667,659$27,259,940$230,497,983
91$338,989,409$50,905,016$28,025,790$252,917,363
92$373,414,329$53,247,362$28,812,653$277,578,767
93$411,345,802$55,699,694$29,621,089$304,708,955
94$453,141,346$58,267,252$30,451,668$334,557,729
95$499,194,942$60,955,525$31,304,977$367,400,282
96$549,940,750$63,770,270$32,181,617$403,539,779
97$605,857,209$66,717,516$33,082,205$443,310,212
98$667,471,556$69,803,586$34,007,371$487,079,537
99$735,364,800$73,035,107$34,957,762$535,253,130
100$810,177,205$76,419,023$35,934,043$588,277,605