Can I retire at age 55 with 8,000,000?

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 $8,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$660,633$654,748$649,007$643,403$637,931$631,795
2 years$327,046$320,955$315,052$309,328$303,777$297,595
3 years$215,865$209,748$203,859$198,190$192,728$186,694
4 years$160,285$154,187$148,357$142,785$137,456$131,614
5 years$126,946$120,884$115,131$109,672$104,492$98,860
6 years$104,727$98,711$93,043$87,706$82,681$77,266
7 years$88,863$82,897$77,319$72,108$67,241$62,046
8 years$76,970$71,058$65,573$60,489$55,783$50,807
9 years$67,725$61,869$56,478$51,524$46,978$42,219
10 years$60,333$54,535$49,239$44,414$40,027$35,484
11 years$54,289$48,549$43,349$38,653$34,425$30,092
12 years$49,256$43,575$38,471$33,904$29,832$25,706
13 years$45,001$39,379$34,371$29,932$26,014$22,090
14 years$41,357$35,794$30,883$26,571$22,804$19,077
15 years$38,201$32,699$27,883$23,696$20,078$16,542
16 years$35,443$30,001$25,280$21,217$17,745$14,395
17 years$33,012$27,629$23,004$19,064$15,734$12,563
18 years$30,853$25,531$21,000$17,180$13,990$10,993
19 years$28,924$23,662$19,224$15,524$12,470$9,639
20 years$27,189$21,988$17,643$14,060$11,138$8,469
21 years$25,622$20,481$16,228$12,760$9,967$7,452
22 years$24,200$19,118$14,957$11,602$8,934$6,567
23 years$22,903$17,881$13,810$10,566$8,020$5,794
24 years$21,716$16,753$12,772$9,637$7,208$5,118
25 years$20,625$15,722$11,829$8,801$6,487$4,524
26 years$19,620$14,776$10,971$8,047$5,843$4,003
27 years$18,691$13,906$10,188$7,366$5,268$3,545
28 years$17,830$13,103$9,471$6,749$4,753$3,141
29 years$17,030$12,362$8,813$6,189$4,292$2,785
30 years$16,285$11,674$8,209$5,680$3,878$2,470
31 years$15,589$11,036$7,653$5,216$3,506$2,192
32 years$14,937$10,442$7,141$4,794$3,172$1,946
33 years$14,327$9,889$6,667$4,408$2,870$1,728
34 years$13,753$9,373$6,229$4,056$2,599$1,535
35 years$13,214$8,890$5,824$3,734$2,354$1,364
36 years$12,706$8,438$5,448$3,439$2,133$1,212
37 years$12,226$8,014$5,100$3,168$1,933$1,077
38 years$11,773$7,616$4,775$2,920$1,752$958
39 years$11,344$7,242$4,474$2,693$1,589$852
40 years$10,937$6,890$4,194$2,484$1,441$758
41 years$10,552$6,559$3,932$2,291$1,308$674
42 years$10,185$6,246$3,689$2,115$1,187$600
43 years$9,837$5,952$3,461$1,952$1,077$533
44 years$9,505$5,673$3,249$1,803$977$475
45 years$9,189$5,410$3,051$1,665$887$422
46 years$8,888$5,161$2,865$1,538$806$376
47 years$8,600$4,925$2,692$1,421$732$335
48 years$8,325$4,702$2,530$1,313$664$298
49 years$8,062$4,490$2,378$1,213$603$265
50 years$7,811$4,289$2,235$1,121$548$236

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $8,000,000, adding $6,177 every year, while hoping to spend $59,020 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: 30/44/26 Blend
54$8,000,000$8,000,000$8,000,000$8,000,000
55$8,822,372$8,398,372$8,274,372$9,016,047
56$9,659,457$8,747,095$8,488,766$9,515,564
57$10,579,946$9,110,928$8,708,365$10,046,938
58$11,592,286$9,490,548$8,933,280$10,617,396
59$12,705,779$9,886,665$9,163,625$11,230,372
60$13,930,677$10,300,020$9,399,515$11,889,630
61$15,278,276$10,731,391$9,641,069$12,599,294
62$16,761,020$11,181,589$9,888,404$13,363,884
63$18,392,621$11,651,464$10,141,643$14,188,360
64$20,188,187$12,141,905$10,400,907$15,078,159
65$22,164,367$12,653,842$10,666,322$16,039,247
66$24,339,501$13,188,250$10,938,013$17,078,173
67$26,733,802$13,746,146$11,216,108$18,202,123
68$29,369,539$14,328,596$11,500,737$19,418,986
69$32,271,252$14,936,717$11,792,031$20,737,424
70$35,465,979$15,571,675$12,090,123$22,166,953
71$38,983,514$16,234,693$12,395,148$23,718,022
72$42,856,688$16,927,049$12,707,241$25,402,111
73$47,121,677$17,650,081$13,026,540$27,231,835
74$51,818,343$18,405,190$13,353,185$29,221,058
75$56,990,613$19,193,842$13,687,315$31,385,015
76$62,686,888$20,017,573$14,029,072$33,740,456
77$68,960,504$20,877,988$14,378,600$36,305,792
78$75,870,236$21,776,770$14,736,043$39,101,271
79$83,480,847$22,715,678$15,101,547$42,149,154
80$91,863,703$23,696,556$15,475,259$45,473,926
81$101,097,446$24,721,333$15,857,326$49,102,516
82$111,268,736$25,792,029$16,247,897$53,064,547
83$122,473,068$26,910,759$16,647,122$57,392,605
84$134,815,671$28,079,736$17,055,151$62,122,543
85$148,412,506$29,301,280$17,472,135$67,293,806
86$163,391,355$30,577,816$17,898,225$72,949,803
87$179,893,031$31,911,887$18,333,573$79,138,299
88$198,072,705$33,306,154$18,778,333$85,911,863
89$218,101,369$34,763,404$19,232,655$93,328,353
90$240,167,452$36,286,554$19,696,692$101,451,452
91$264,478,597$37,878,660$20,170,596$110,351,257
92$291,263,622$39,542,923$20,654,519$120,104,935
93$320,774,678$41,282,693$21,148,613$130,797,434
94$353,289,630$43,101,480$21,653,026$142,522,277
95$389,114,679$45,002,959$22,167,909$155,382,430
96$428,587,253$46,990,981$22,693,411$169,491,266
97$472,079,190$49,069,576$23,229,677$184,973,613
98$520,000,250$51,242,967$23,776,854$201,966,927
99$572,801,980$53,515,578$24,335,083$220,622,570
100$630,981,981$55,892,040$24,904,507$241,107,225