Can I retire at age 55 with 8,300,000?

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 $8,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$685,406$679,301$673,344$667,531$661,854$641,695
2 years$339,310$332,991$326,866$320,928$315,168$295,032
3 years$223,960$217,613$211,504$205,622$199,956$180,473
4 years$166,296$159,969$153,921$148,139$142,610$123,931
5 years$131,707$125,417$119,449$113,785$108,410$90,584
6 years$108,655$102,413$96,532$90,995$85,781$68,824
7 years$92,195$86,006$80,219$74,812$69,763$53,674
8 years$79,857$73,723$68,032$62,758$57,875$42,645
9 years$70,265$64,189$58,596$53,456$48,739$34,350
10 years$62,596$56,580$51,085$46,079$41,528$27,961
11 years$56,325$50,370$44,975$40,103$35,716$22,945
12 years$51,104$45,209$39,914$35,176$30,950$18,951
13 years$46,689$40,856$35,660$31,055$26,989$15,733
14 years$42,908$37,137$32,041$27,567$23,659$13,116
15 years$39,634$33,925$28,929$24,585$20,831$10,972
16 years$36,772$31,126$26,228$22,013$18,411$9,204
17 years$34,250$28,665$23,867$19,779$16,324$7,739
18 years$32,010$26,488$21,787$17,824$14,515$6,519
19 years$30,008$24,549$19,945$16,106$12,937$5,501
20 years$28,209$22,812$18,305$14,587$11,556$4,648
21 years$26,583$21,249$16,837$13,239$10,341$3,931
22 years$25,107$19,835$15,518$12,037$9,269$3,328
23 years$23,762$18,551$14,328$10,962$8,321$2,820
24 years$22,530$17,381$13,251$9,998$7,479$2,391
25 years$21,399$16,311$12,273$9,131$6,730$2,029
26 years$20,356$15,330$11,382$8,349$6,062$1,722
27 years$19,392$14,427$10,570$7,642$5,465$1,462
28 years$18,499$13,595$9,826$7,002$4,931$1,242
29 years$17,669$12,825$9,144$6,421$4,453$1,055
30 years$16,895$12,112$8,517$5,893$4,024$897
31 years$16,173$11,450$7,940$5,412$3,638$762
32 years$15,497$10,834$7,408$4,974$3,291$648
33 years$14,864$10,260$6,917$4,574$2,978$551
34 years$14,269$9,724$6,463$4,208$2,696$469
35 years$13,710$9,223$6,042$3,874$2,442$399
36 years$13,182$8,754$5,653$3,568$2,213$339
37 years$12,685$8,314$5,291$3,287$2,005$288
38 years$12,214$7,902$4,955$3,030$1,818$245
39 years$11,769$7,514$4,642$2,794$1,649$209
40 years$11,347$7,149$4,351$2,577$1,495$178
41 years$10,947$6,805$4,080$2,377$1,357$151
42 years$10,567$6,481$3,827$2,194$1,231$129
43 years$10,206$6,175$3,591$2,025$1,117$109
44 years$9,862$5,886$3,371$1,870$1,014$93
45 years$9,534$5,613$3,165$1,727$921$79
46 years$9,221$5,354$2,973$1,595$836$67
47 years$8,923$5,110$2,793$1,474$759$57
48 years$8,637$4,878$2,624$1,362$689$49
49 years$8,365$4,658$2,467$1,259$626$42
50 years$8,104$4,450$2,319$1,163$569$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $8,300,000, adding $4,217 every year, while hoping to spend $21,639 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: 39/35/26 Blend
54$8,300,000$8,300,000$8,300,000$8,300,000
55$9,150,950$8,711,050$8,582,400$9,437,048
56$10,061,323$9,114,868$8,846,887$10,049,437
57$11,063,829$9,537,747$9,119,508$10,708,858
58$12,167,842$9,980,600$9,400,515$11,421,493
59$13,383,694$10,444,380$9,690,163$12,192,200
60$14,722,766$10,930,090$9,988,719$13,026,312
61$16,197,602$11,438,779$10,296,455$13,929,678
62$17,822,025$11,971,546$10,613,654$14,908,718
63$19,611,265$12,529,546$10,940,605$15,970,480
64$21,582,107$13,113,986$11,277,608$17,122,701
65$23,753,045$13,726,135$11,624,971$18,373,878
66$26,144,460$14,367,320$11,983,012$19,733,344
67$28,778,811$15,038,934$12,352,059$21,211,349
68$31,680,845$15,742,437$12,732,448$22,819,158
69$34,877,834$16,479,360$13,124,528$24,569,146
70$38,399,831$17,251,306$13,528,658$26,474,915
71$42,279,952$18,059,959$13,945,206$28,551,414
72$46,554,690$18,907,080$14,374,553$30,815,078
73$51,264,260$19,794,519$14,817,093$33,283,973
74$56,452,978$20,724,214$15,273,229$35,977,967
75$62,169,678$21,698,196$15,743,378$38,918,904
76$68,468,174$22,718,596$16,227,970$42,130,812
77$75,407,767$23,787,647$16,727,447$45,640,116
78$83,053,809$24,907,691$17,242,265$49,475,884
79$91,478,311$26,081,182$17,772,895$53,670,093
80$100,760,633$27,310,694$18,319,821$58,257,926
81$110,988,225$28,598,925$18,883,542$63,278,093
82$122,257,456$29,948,705$19,464,574$68,773,187
83$134,674,525$31,363,000$20,063,445$74,790,083
84$148,356,459$32,844,919$20,680,703$81,380,364
85$163,432,222$34,397,725$21,316,911$88,600,807
86$180,043,931$36,024,835$21,972,649$96,513,901
87$198,348,194$37,729,834$22,648,515$105,188,431
88$218,517,596$39,516,482$23,345,126$114,700,115
89$240,742,320$41,388,719$24,063,117$125,132,308
90$265,231,947$43,350,677$24,803,143$136,576,778
91$292,217,435$45,406,689$25,565,877$149,134,557
92$321,953,295$47,561,299$26,352,016$162,916,884
93$354,719,998$49,819,269$27,162,275$178,046,241
94$390,826,619$52,185,595$27,997,393$194,657,496
95$430,613,760$54,665,514$28,858,131$212,899,159
96$474,456,757$57,264,519$29,745,272$232,934,771
97$522,769,233$59,988,367$30,659,626$254,944,428
98$576,006,995$62,843,097$31,602,023$279,126,469
99$634,672,341$65,835,040$32,573,323$305,699,326
100$699,318,799$68,970,837$33,574,409$334,903,571