Can I retire at age 55 with 8,700,000?

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 $8,700,000?

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$718,438$712,038$705,795$699,701$693,750$687,077
2 years$355,662$349,038$342,619$336,395$330,357$323,635
3 years$234,753$228,100$221,697$215,531$209,592$203,029
4 years$174,310$167,678$161,339$155,278$149,483$143,130
5 years$138,054$131,462$125,205$119,269$113,635$107,510
6 years$113,891$107,348$101,185$95,380$89,915$84,027
7 years$96,638$90,151$84,085$78,417$73,125$67,475
8 years$83,705$77,276$71,311$65,782$60,664$55,253
9 years$73,651$67,283$61,420$56,032$51,088$45,913
10 years$65,612$59,306$53,547$48,300$43,530$38,588
11 years$59,040$52,797$47,142$42,035$37,437$32,725
12 years$53,566$47,388$41,837$36,871$32,442$27,955
13 years$48,939$42,825$37,379$32,551$28,290$24,023
14 years$44,976$38,926$33,585$28,895$24,799$20,746
15 years$41,544$35,560$30,323$25,770$21,835$17,990
16 years$38,544$32,626$27,492$23,074$19,298$15,655
17 years$35,900$30,047$25,017$20,732$17,111$13,663
18 years$33,553$27,765$22,837$18,683$15,214$11,955
19 years$31,454$25,732$20,906$16,882$13,561$10,483
20 years$29,569$23,911$19,187$15,290$12,113$9,210
21 years$27,864$22,273$17,648$13,877$10,839$8,104
22 years$26,317$20,791$16,265$12,617$9,716$7,141
23 years$24,907$19,445$15,018$11,491$8,722$6,301
24 years$23,616$18,219$13,889$10,480$7,839$5,565
25 years$22,430$17,097$12,864$9,571$7,054$4,920
26 years$21,337$16,069$11,931$8,751$6,354$4,354
27 years$20,327$15,123$11,079$8,010$5,729$3,855
28 years$19,390$14,250$10,299$7,339$5,169$3,416
29 years$18,520$13,443$9,584$6,730$4,668$3,028
30 years$17,709$12,696$8,928$6,177$4,217$2,686
31 years$16,953$12,002$8,323$5,673$3,813$2,384
32 years$16,244$11,356$7,765$5,213$3,449$2,116
33 years$15,580$10,754$7,251$4,794$3,121$1,879
34 years$14,957$10,193$6,775$4,411$2,826$1,669
35 years$14,370$9,668$6,334$4,061$2,560$1,483
36 years$13,818$9,176$5,925$3,740$2,319$1,318
37 years$13,296$8,715$5,546$3,446$2,102$1,172
38 years$12,803$8,282$5,193$3,176$1,906$1,042
39 years$12,336$7,876$4,866$2,928$1,728$926
40 years$11,894$7,493$4,561$2,701$1,567$824
41 years$11,475$7,133$4,276$2,492$1,422$733
42 years$11,076$6,793$4,011$2,300$1,290$652
43 years$10,697$6,472$3,764$2,123$1,171$580
44 years$10,337$6,169$3,533$1,960$1,063$516
45 years$9,993$5,883$3,318$1,810$965$459
46 years$9,665$5,612$3,116$1,672$876$409
47 years$9,353$5,356$2,927$1,545$796$364
48 years$9,054$5,113$2,751$1,428$723$324
49 years$8,768$4,883$2,586$1,319$656$288
50 years$8,494$4,664$2,431$1,219$596$257

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $8,700,000, adding $3,987 every year, while hoping to spend $27,620 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: 66/10/24 Blend
54$8,700,000$8,700,000$8,700,000$8,700,000
55$9,591,513$9,130,413$8,995,563$10,164,808
56$10,540,459$9,548,415$9,267,526$10,968,992
57$11,585,273$9,985,975$9,547,675$11,844,368
58$12,735,703$10,444,019$9,836,255$12,800,803
59$14,002,492$10,923,523$10,133,516$13,846,276
60$15,397,477$11,425,507$10,439,720$14,989,567
61$16,933,703$11,951,040$10,755,134$16,240,342
62$18,625,542$12,501,243$11,080,033$17,609,242
63$20,488,835$13,077,291$11,414,701$19,107,980
64$22,541,033$13,680,415$11,759,430$20,749,451
65$24,801,369$14,311,906$12,114,522$22,547,854
66$27,291,035$14,973,116$12,480,285$24,518,822
67$30,033,385$15,665,463$12,857,039$26,679,566
68$33,054,153$16,390,433$13,245,112$29,049,042
69$36,381,695$17,149,584$13,644,843$31,648,123
70$40,047,262$17,944,547$14,056,579$34,499,793
71$44,085,288$18,777,035$14,480,679$37,629,366
72$48,533,718$19,648,840$14,917,513$41,064,721
73$53,434,368$20,561,844$15,367,460$44,836,563
74$58,833,315$21,518,016$15,830,911$48,978,708
75$64,781,338$22,519,423$16,308,271$53,528,405
76$71,334,389$23,568,230$16,799,954$58,526,682
77$78,554,131$24,666,708$17,306,386$64,018,728
78$86,508,511$25,817,235$17,828,009$70,054,324
79$95,272,407$27,022,307$18,365,274$76,688,303
80$104,928,330$28,284,538$18,918,649$83,981,068
81$115,567,209$29,606,670$19,488,613$91,999,159
82$127,289,244$30,991,576$20,075,661$100,815,879
83$140,204,853$32,442,269$20,680,302$110,511,979
84$154,435,715$33,961,908$21,303,059$121,176,420
85$170,115,919$35,553,802$21,944,473$132,907,209
86$187,393,229$37,221,425$22,605,099$145,812,320
87$206,430,477$38,968,413$23,285,508$160,010,707
88$227,407,103$40,798,583$23,986,290$175,633,428
89$250,520,848$42,715,933$24,708,051$192,824,873
90$275,989,618$44,724,658$25,451,415$211,744,125
91$304,053,546$46,829,153$26,217,024$232,566,457
92$334,977,254$49,034,027$27,005,540$255,484,983
93$369,052,352$51,344,113$27,817,644$280,712,473
94$406,600,194$53,764,477$28,654,037$308,483,359
95$447,974,908$56,300,431$29,515,442$339,055,942
96$493,566,740$58,957,543$30,402,600$372,714,824
97$543,805,738$61,741,653$31,316,278$409,773,590
98$599,165,812$64,658,883$32,257,262$450,577,764
99$660,169,208$67,715,652$33,226,364$495,508,058
100$727,391,438$70,918,689$34,224,418$544,983,968