Can I retire at age 55 with 8,100,000?

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 $8,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$668,890$662,932$657,119$651,446$645,905$643,184
2 years$331,134$324,967$318,990$313,195$307,574$304,826
3 years$218,563$212,369$206,408$200,667$195,138$192,449
4 years$162,289$156,114$150,212$144,569$139,174$136,565
5 years$128,533$122,395$116,571$111,043$105,798$103,276
6 years$106,036$99,945$94,206$88,802$83,714$81,283
7 years$89,974$83,934$78,286$73,009$68,082$65,743
8 years$77,932$71,947$66,393$61,245$56,481$54,234
9 years$68,572$62,642$57,184$52,168$47,565$45,410
10 years$61,087$55,216$49,854$44,969$40,528$38,463
11 years$54,968$49,156$43,891$39,136$34,855$32,880
12 years$49,872$44,120$38,952$34,328$30,205$28,318
13 years$45,564$39,871$34,801$30,306$26,339$24,538
14 years$41,874$36,242$31,269$26,903$23,089$21,372
15 years$38,679$33,108$28,232$23,992$20,329$18,694
16 years$35,886$30,376$25,596$21,483$17,967$16,412
17 years$33,424$27,975$23,291$19,302$15,931$14,453
18 years$31,239$25,850$21,262$17,395$14,165$12,763
19 years$29,285$23,957$19,464$15,718$12,625$11,296
20 years$27,529$22,262$17,863$14,236$11,277$10,018
21 years$25,943$20,737$16,431$12,920$10,092$8,900
22 years$24,502$19,357$15,144$11,747$9,046$7,920
23 years$23,189$18,104$13,983$10,698$8,120$7,056
24 years$21,987$16,962$12,931$9,757$7,299$6,295
25 years$20,883$15,918$11,977$8,911$6,568$5,622
26 years$19,866$14,961$11,108$8,148$5,916$5,025
27 years$18,925$14,080$10,315$7,458$5,334$4,495
28 years$18,053$13,267$9,589$6,833$4,813$4,024
29 years$17,243$12,516$8,923$6,266$4,346$3,605
30 years$16,488$11,820$8,312$5,751$3,927$3,232
31 years$15,783$11,174$7,749$5,281$3,550$2,898
32 years$15,124$10,573$7,230$4,854$3,211$2,601
33 years$14,506$10,013$6,751$4,463$2,906$2,334
34 years$13,925$9,490$6,307$4,107$2,631$2,096
35 years$13,379$9,001$5,897$3,781$2,383$1,883
36 years$12,865$8,543$5,516$3,482$2,159$1,692
37 years$12,379$8,114$5,163$3,208$1,957$1,521
38 years$11,920$7,711$4,835$2,957$1,774$1,367
39 years$11,486$7,333$4,530$2,726$1,609$1,229
40 years$11,074$6,976$4,246$2,515$1,459$1,105
41 years$10,683$6,641$3,981$2,320$1,324$994
42 years$10,312$6,325$3,735$2,141$1,201$895
43 years$9,960$6,026$3,504$1,977$1,090$805
44 years$9,624$5,744$3,290$1,825$990$724
45 years$9,304$5,477$3,089$1,685$898$652
46 years$8,999$5,225$2,901$1,557$816$587
47 years$8,708$4,987$2,726$1,438$741$528
48 years$8,429$4,760$2,561$1,329$673$475
49 years$8,163$4,546$2,407$1,228$611$428
50 years$7,908$4,342$2,263$1,135$555$385

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $8,100,000, adding $3,089 every year, while hoping to spend $42,532 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: 31/39/30 Blend
54$8,100,000$8,100,000$8,100,000$8,100,000
55$8,929,386$8,500,086$8,374,536$9,124,259
56$9,794,930$8,871,337$8,609,830$9,647,725
57$10,747,334$9,259,353$8,851,580$10,206,867
58$11,795,412$9,664,912$9,099,958$10,807,929
59$12,948,878$10,088,826$9,355,140$11,454,615
60$14,218,432$10,531,948$9,617,307$12,150,986
61$15,615,868$10,995,169$9,886,642$12,901,491
62$17,154,177$11,479,423$10,163,335$13,711,012
63$18,847,677$11,985,688$10,447,581$14,584,898
64$20,712,143$12,514,990$10,739,577$15,529,021
65$22,764,957$13,068,400$11,039,529$16,549,820
66$25,025,274$13,647,043$11,347,644$17,654,364
67$27,514,200$14,252,095$11,664,138$18,850,410
68$30,254,990$14,884,790$11,989,229$20,146,477
69$33,273,274$15,546,419$12,323,142$21,551,918
70$36,597,288$16,238,335$12,666,108$23,077,004
71$40,258,152$16,961,953$13,018,363$24,733,018
72$44,290,154$17,718,759$13,380,149$26,532,357
73$48,731,079$18,510,308$13,751,713$28,488,642
74$53,622,562$19,338,226$14,133,309$30,616,841
75$59,010,486$20,204,222$14,525,197$32,933,407
76$64,945,409$21,110,082$14,927,644$35,456,427
77$71,483,043$22,057,678$15,340,923$38,205,783
78$78,684,782$23,048,973$15,765,312$41,203,337
79$86,618,277$24,086,020$16,201,098$44,473,131
80$95,358,080$25,170,974$16,648,573$48,041,605
81$104,986,343$26,306,090$17,108,039$51,937,839
82$115,593,592$27,493,731$17,579,801$56,193,821
83$127,279,589$28,736,374$18,064,174$60,844,743
84$140,154,264$30,036,613$18,561,481$65,929,320
85$154,338,759$31,397,167$19,072,050$71,490,152
86$169,966,568$32,820,884$19,596,220$77,574,113
87$187,184,799$34,310,749$20,134,334$84,232,786
88$206,155,561$35,869,888$20,686,747$91,522,939
89$227,057,496$37,501,580$21,253,821$99,507,054
90$250,087,460$39,209,258$21,835,924$108,253,901
91$275,462,390$40,996,520$22,433,436$117,839,179
92$303,421,341$42,867,137$23,046,744$128,346,216
93$334,227,752$44,825,061$23,676,244$139,866,750
94$368,171,926$46,874,432$24,322,341$152,501,772
95$405,573,773$49,019,590$24,985,450$166,362,475
96$446,785,831$51,265,083$25,665,995$181,571,286
97$492,196,590$53,615,676$26,364,410$198,263,003
98$542,234,162$56,076,364$27,081,138$216,586,061
99$597,370,322$58,652,381$27,816,632$236,703,909
100$658,124,962$61,349,215$28,571,356$258,796,542