Can I retire at age 55 with 8,800,000?

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 $8,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$726,696$720,223$713,907$707,743$701,724$689,249
2 years$359,750$353,050$346,557$340,261$334,154$321,628
3 years$237,451$230,722$224,245$218,009$212,001$199,814
4 years$176,314$169,605$163,193$157,063$151,201$139,447
5 years$139,641$132,973$126,645$120,639$114,941$103,654
6 years$115,200$108,582$102,348$96,476$90,949$80,141
7 years$97,749$91,187$85,051$79,318$73,966$63,641
8 years$84,667$78,164$72,130$66,538$61,362$51,517
9 years$74,498$68,056$62,126$56,676$51,675$42,305
10 years$66,367$59,988$54,163$48,855$44,030$35,126
11 years$59,718$53,404$47,684$42,519$37,867$29,420
12 years$54,182$47,932$42,318$37,295$32,815$24,813
13 years$49,501$43,317$37,809$32,925$28,615$21,046
14 years$45,493$39,374$33,971$29,228$25,084$17,933
15 years$42,022$35,969$30,671$26,066$22,086$15,341
16 years$38,987$33,001$27,808$23,339$19,520$13,165
17 years$36,313$30,392$25,304$20,970$17,307$11,329
18 years$33,938$28,084$23,100$18,898$15,389$9,771
19 years$31,816$26,028$21,147$17,076$13,717$8,444
20 years$29,908$24,186$19,407$15,466$12,252$7,309
21 years$28,185$22,529$17,851$14,036$10,964$6,336
22 years$26,620$21,030$16,452$12,762$9,828$5,499
23 years$25,193$19,669$15,191$11,623$8,822$4,778
24 years$23,887$18,428$14,049$10,601$7,929$4,155
25 years$22,688$17,294$13,012$9,681$7,135$3,616
26 years$21,582$16,254$12,068$8,852$6,427$3,149
27 years$20,560$15,296$11,206$8,102$5,795$2,744
28 years$19,613$14,414$10,418$7,423$5,229$2,392
29 years$18,733$13,598$9,695$6,807$4,721$2,087
30 years$17,913$12,842$9,030$6,248$4,266$1,821
31 years$17,147$12,140$8,419$5,738$3,857$1,589
32 years$16,431$11,487$7,855$5,273$3,489$1,388
33 years$15,760$10,878$7,334$4,849$3,157$1,212
34 years$15,129$10,310$6,852$4,462$2,859$1,059
35 years$14,536$9,779$6,407$4,107$2,589$925
36 years$13,976$9,281$5,993$3,783$2,346$808
37 years$13,449$8,815$5,609$3,485$2,126$706
38 years$12,950$8,378$5,253$3,212$1,928$618
39 years$12,478$7,966$4,922$2,962$1,748$540
40 years$12,031$7,579$4,613$2,732$1,585$472
41 years$11,607$7,215$4,325$2,521$1,438$413
42 years$11,204$6,871$4,057$2,326$1,305$361
43 years$10,820$6,547$3,807$2,147$1,185$316
44 years$10,456$6,240$3,574$1,983$1,075$276
45 years$10,108$5,951$3,356$1,831$976$241
46 years$9,777$5,677$3,152$1,691$886$211
47 years$9,460$5,417$2,961$1,563$805$185
48 years$9,158$5,172$2,783$1,444$731$162
49 years$8,869$4,939$2,615$1,335$664$141
50 years$8,592$4,718$2,459$1,233$603$124

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $8,800,000, adding $4,834 every year, while hoping to spend $52,788 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: 49/26/25 Blend
54$8,800,000$8,800,000$8,800,000$8,800,000
55$9,702,586$9,236,186$9,099,786$10,109,083
56$10,636,084$9,632,593$9,348,463$10,789,868
57$11,663,029$10,046,655$9,603,701$11,523,403
58$12,792,898$10,479,181$9,865,665$12,319,291
59$14,036,131$10,931,018$10,134,522$13,183,446
60$15,404,232$11,403,054$10,410,444$14,122,365
61$16,909,876$11,896,216$10,693,607$15,143,193
62$18,567,031$12,411,477$10,984,189$16,253,781
63$20,391,083$12,949,855$11,282,375$17,462,766
64$22,398,991$13,512,416$11,588,352$18,779,642
65$24,609,438$14,100,274$11,902,312$20,214,852
66$27,043,012$14,714,599$12,224,451$21,779,883
67$29,722,398$15,356,612$12,554,968$23,487,369
68$32,672,592$16,027,596$12,894,070$25,351,212
69$35,921,140$16,728,892$13,241,964$27,386,703
70$39,498,391$17,461,903$13,598,865$29,610,672
71$43,437,791$18,228,100$13,964,991$32,041,633
72$47,776,193$19,029,024$14,340,565$34,699,967
73$52,554,205$19,866,287$14,725,815$37,608,098
74$57,816,577$20,741,578$15,120,973$40,790,713
75$63,612,620$21,656,667$15,526,277$44,274,982
76$69,996,669$22,613,405$15,941,969$48,090,813
77$77,028,601$23,613,734$16,368,298$52,271,132
78$84,774,397$24,659,686$16,805,514$56,852,187
79$93,306,764$25,753,389$17,253,878$61,873,886
80$102,705,822$26,897,073$17,713,650$67,380,168
81$113,059,860$28,093,074$18,185,101$73,419,414
82$124,466,168$29,343,836$18,668,504$80,044,898
83$137,031,956$30,651,924$19,164,139$87,315,281
84$150,875,368$32,020,020$19,672,289$95,295,165
85$166,126,591$33,450,936$20,193,246$104,055,691
86$182,929,090$34,947,619$20,727,307$113,675,206
87$201,440,957$36,513,153$21,274,772$124,239,999
88$221,836,408$38,150,771$21,835,951$135,845,102
89$244,307,422$39,863,859$22,411,155$148,595,185
90$269,065,556$41,655,965$23,000,706$162,605,536
91$296,343,941$43,530,805$23,604,927$178,003,140
92$326,399,483$45,492,274$24,224,152$194,927,867
93$359,515,286$47,544,452$24,858,718$213,533,789
94$396,003,328$49,691,613$25,508,967$233,990,623
95$436,207,401$51,938,235$26,175,251$256,485,322
96$480,506,359$54,289,011$26,857,924$281,223,831
97$529,317,693$56,748,858$27,557,351$308,433,023
98$583,101,473$59,322,928$28,273,897$338,362,827
99$642,364,690$62,016,619$29,007,940$371,288,577
100$707,666,042$64,835,586$29,759,859$407,513,601