Can I retire at age 55 with 8,600,000?

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 $8,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$710,180$703,854$697,682$691,658$685,776$681,740
2 years$351,574$345,026$338,681$332,528$326,560$322,488
3 years$232,055$225,479$219,149$213,054$207,183$203,201
4 years$172,307$165,751$159,484$153,493$147,765$143,904
5 years$136,467$129,951$123,766$117,898$112,328$108,600
6 years$112,582$106,114$100,022$94,284$88,882$85,290
7 years$95,528$89,115$83,118$77,516$72,285$68,832
8 years$82,743$76,388$70,491$65,026$59,967$56,654
9 years$72,804$66,509$60,714$55,388$50,501$47,326
10 years$64,858$58,625$52,932$47,745$43,029$39,991
11 years$58,361$52,190$46,600$41,552$37,007$34,102
12 years$52,951$46,843$41,357$36,447$32,069$29,297
13 years$48,376$42,332$36,949$32,177$27,965$25,322
14 years$44,459$38,479$33,199$28,563$24,514$21,997
15 years$41,066$35,151$29,974$25,473$21,584$19,190
16 years$38,101$32,251$27,176$22,809$19,076$16,802
17 years$35,488$29,702$24,729$20,493$16,914$14,756
18 years$33,167$27,446$22,575$18,469$15,039$12,994
19 years$31,093$25,436$20,666$16,688$13,405$11,468
20 years$29,229$23,637$18,966$15,114$11,973$10,141
21 years$27,544$22,017$17,445$13,717$10,715$8,983
22 years$26,015$20,552$16,078$12,472$9,604$7,970
23 years$24,621$19,222$14,846$11,359$8,621$7,080
24 years$23,344$18,009$13,730$10,360$7,749$6,297
25 years$22,172$16,901$12,716$9,461$6,973$5,606
26 years$21,092$15,884$11,794$8,651$6,281$4,995
27 years$20,093$14,949$10,952$7,918$5,663$4,455
28 years$19,168$14,086$10,181$7,255$5,110$3,976
29 years$18,307$13,289$9,474$6,653$4,614$3,550
30 years$17,506$12,550$8,825$6,106$4,169$3,172
31 years$16,758$11,864$8,227$5,607$3,769$2,836
32 years$16,058$11,225$7,676$5,153$3,409$2,536
33 years$15,401$10,631$7,167$4,739$3,086$2,269
34 years$14,785$10,076$6,697$4,360$2,794$2,031
35 years$14,205$9,556$6,261$4,014$2,530$1,818
36 years$13,659$9,070$5,857$3,697$2,293$1,628
37 years$13,143$8,615$5,482$3,406$2,078$1,458
38 years$12,656$8,187$5,134$3,139$1,884$1,307
39 years$12,195$7,785$4,810$2,895$1,708$1,171
40 years$11,758$7,407$4,508$2,670$1,549$1,049
41 years$11,343$7,051$4,227$2,463$1,406$941
42 years$10,949$6,715$3,965$2,273$1,276$843
43 years$10,575$6,398$3,721$2,099$1,158$756
44 years$10,218$6,099$3,493$1,938$1,051$678
45 years$9,878$5,816$3,279$1,790$954$608
46 years$9,554$5,548$3,080$1,653$866$546
47 years$9,245$5,294$2,894$1,527$786$489
48 years$8,950$5,054$2,719$1,411$714$439
49 years$8,667$4,826$2,556$1,304$649$394
50 years$8,397$4,610$2,403$1,205$589$353

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $8,600,000, adding $2,188 every year, while hoping to spend $33,441 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: 48/26/26 Blend
54$8,600,000$8,600,000$8,600,000$8,600,000
55$9,479,457$9,023,657$8,890,357$9,864,135
56$10,410,781$9,430,235$9,152,603$10,540,790
57$11,435,978$9,855,615$9,422,513$11,271,703
58$12,564,590$10,300,682$9,700,310$12,064,810
59$13,807,128$10,766,365$9,986,220$12,925,984
60$15,175,175$11,253,637$10,280,478$13,861,681
61$16,681,493$11,763,515$10,583,324$14,878,994
62$18,340,147$12,297,070$10,895,007$15,985,722
63$20,166,634$12,855,418$11,215,782$17,190,435
64$22,178,030$13,439,733$11,545,910$18,502,556
65$24,393,152$14,051,242$11,885,661$19,932,446
66$26,832,735$14,691,235$12,235,312$21,491,498
67$29,519,627$15,361,058$12,595,148$23,192,243
68$32,479,005$16,062,126$12,965,461$25,048,463
69$35,738,614$16,795,920$13,346,555$27,075,319
70$39,329,025$17,563,993$13,738,737$29,289,488
71$43,283,929$18,367,972$14,142,327$31,709,322
72$47,640,447$19,209,560$14,557,653$34,355,008
73$52,439,490$20,090,546$14,985,052$37,248,766
74$57,726,136$21,012,801$15,424,869$40,415,043
75$63,550,061$21,978,287$15,877,461$43,880,747
76$69,966,007$22,989,062$16,343,195$47,675,494
77$77,034,294$24,047,281$16,822,447$51,831,881
78$84,821,397$25,155,203$17,315,604$56,385,789
79$93,400,568$26,315,196$17,823,065$61,376,719
80$102,852,526$27,529,741$18,345,238$66,848,156
81$113,266,225$28,801,439$18,882,545$72,847,975
82$124,739,687$30,133,017$19,435,417$79,428,886
83$137,380,932$31,527,332$20,004,301$86,648,926
84$151,308,995$32,987,379$20,589,653$94,572,000
85$166,655,049$34,516,298$21,191,943$103,268,475
86$183,563,646$36,117,378$21,811,655$112,815,842
87$202,194,078$37,794,069$22,449,285$123,299,434
88$222,721,882$39,549,987$23,105,344$134,813,226
89$245,340,499$41,388,921$23,780,358$147,460,716
90$270,263,095$43,314,844$24,474,866$161,355,890
91$297,724,579$45,331,920$25,189,422$176,624,289
92$327,983,816$47,444,514$25,924,598$193,404,186
93$361,326,073$49,657,202$26,680,979$211,847,883
94$398,065,708$51,974,780$27,459,167$232,123,132
95$438,549,144$54,402,278$28,259,783$254,414,716
96$483,158,133$56,944,967$29,083,463$278,926,176
97$532,313,364$59,608,372$29,930,860$305,881,721
98$586,478,432$62,398,286$30,802,648$335,528,336
99$646,164,213$65,320,783$31,699,518$368,138,097
100$711,933,690$68,382,230$32,622,180$404,010,726