Can I retire at age 55 with 9,800,000?

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 $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$809,275$802,066$795,033$788,169$781,466$767,257
2 years$400,631$393,170$385,938$378,927$372,127$357,863
3 years$264,434$256,941$249,728$242,782$236,092$222,217
4 years$196,349$188,879$181,738$174,911$168,383$155,004
5 years$155,509$148,083$141,036$134,348$128,002$115,157
6 years$128,291$120,921$113,978$107,440$101,284$88,987
7 years$108,857$101,549$94,716$88,332$82,371$70,626
8 years$94,288$87,047$80,327$74,099$68,335$57,138
9 years$82,963$75,790$69,186$63,116$57,548$46,893
10 years$73,908$66,805$60,318$54,407$49,033$38,912
11 years$66,505$59,472$53,103$47,350$42,170$32,570
12 years$60,339$53,379$47,127$41,533$36,544$27,452
13 years$55,126$48,239$42,105$36,667$31,867$23,268
14 years$50,662$43,848$37,832$32,549$27,934$19,814
15 years$46,797$40,056$34,157$29,028$24,596$16,938
16 years$43,418$36,751$30,968$25,991$21,738$14,525
17 years$40,439$33,846$28,180$23,353$19,274$12,490
18 years$37,795$31,275$25,725$21,046$17,138$10,765
19 years$35,431$28,986$23,550$19,017$15,275$9,296
20 years$33,307$26,935$21,613$17,223$13,644$8,041
21 years$31,388$25,089$19,879$15,631$12,210$6,965
22 years$29,645$23,419$18,322$14,212$10,944$6,040
23 years$28,056$21,904$16,917$12,943$9,824$5,244
24 years$26,602$20,522$15,645$11,805$8,830$4,556
25 years$25,266$19,259$14,491$10,781$7,946$3,962
26 years$24,035$18,101$13,440$9,858$7,157$3,448
27 years$22,897$17,035$12,480$9,023$6,453$3,002
28 years$21,842$16,052$11,602$8,267$5,823$2,615
29 years$20,862$15,143$10,796$7,581$5,258$2,279
30 years$19,949$14,301$10,056$6,958$4,751$1,987
31 years$19,096$13,519$9,375$6,390$4,295$1,733
32 years$18,298$12,792$8,747$5,872$3,885$1,512
33 years$17,550$12,114$8,167$5,400$3,516$1,319
34 years$16,848$11,481$7,631$4,969$3,183$1,152
35 years$16,187$10,890$7,135$4,574$2,883$1,005
36 years$15,565$10,336$6,674$4,213$2,612$878
37 years$14,977$9,817$6,247$3,881$2,368$767
38 years$14,422$9,330$5,850$3,577$2,147$669
39 years$13,896$8,872$5,481$3,299$1,947$585
40 years$13,398$8,441$5,137$3,042$1,766$511
41 years$12,926$8,035$4,817$2,807$1,602$446
42 years$12,477$7,652$4,519$2,591$1,454$390
43 years$12,050$7,291$4,240$2,391$1,319$341
44 years$11,644$6,950$3,980$2,208$1,197$298
45 years$11,257$6,627$3,737$2,039$1,087$260
46 years$10,888$6,322$3,510$1,884$987$227
47 years$10,535$6,033$3,298$1,740$896$199
48 years$10,198$5,759$3,099$1,608$814$174
49 years$9,876$5,500$2,913$1,486$739$152
50 years$9,568$5,254$2,738$1,374$671$133

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $9,800,000, adding $3,160 every year, while hoping to spend $25,145 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: 58/13/29 Blend
54$9,800,000$9,800,000$9,800,000$9,800,000
55$10,802,860$10,283,460$10,131,560$11,343,446
56$11,877,997$10,760,595$10,444,213$12,191,663
57$13,061,956$11,260,267$10,766,497$13,113,200
58$14,365,809$11,783,554$11,098,708$14,117,565
59$15,801,759$12,331,586$11,441,152$15,212,805
60$17,383,251$12,905,546$11,794,143$16,407,768
61$19,125,101$13,506,675$12,158,005$17,712,192
62$21,043,635$14,136,277$12,533,072$19,136,788
63$23,156,845$14,795,713$12,919,689$20,693,346
64$25,484,555$15,486,415$13,318,211$22,394,838
65$28,048,611$16,209,881$13,729,003$24,255,541
66$30,873,087$16,967,683$14,152,442$26,291,169
67$33,984,510$17,761,468$14,588,917$28,519,020
68$37,412,113$18,592,963$15,038,829$30,958,132
69$41,188,109$19,463,978$15,502,590$33,629,466
70$45,347,996$20,376,412$15,980,626$36,556,097
71$49,930,889$21,332,255$16,473,375$39,763,430
72$54,979,896$22,333,591$16,981,289$43,279,436
73$60,542,518$23,382,609$17,504,835$47,134,914
74$66,671,098$24,481,601$18,044,491$51,363,778
75$73,423,322$25,632,971$18,600,752$56,003,372
76$80,862,753$26,839,239$19,174,130$61,094,822
77$89,059,439$28,103,047$19,765,148$66,683,416
78$98,090,570$29,427,164$20,374,349$72,819,032
79$108,041,209$30,814,497$21,002,291$79,556,602
80$119,005,094$32,268,089$21,649,549$86,956,628
81$131,085,521$33,791,132$22,316,717$95,085,744
82$144,396,322$35,386,975$23,004,404$104,017,349
83$159,062,936$37,059,127$23,713,242$113,832,285
84$175,223,599$38,811,267$24,443,878$124,619,602
85$193,030,640$40,647,254$25,196,982$136,477,392
86$212,651,929$42,571,132$25,973,244$149,513,707
87$234,272,451$44,587,144$26,773,374$163,847,576
88$258,096,063$46,699,735$27,598,104$179,610,120
89$284,347,410$48,913,571$28,448,189$196,945,785
90$313,274,049$51,233,539$29,324,406$216,013,702
91$345,148,786$53,664,766$30,227,558$236,989,175
92$380,272,251$56,212,628$31,158,469$260,065,337
93$418,975,735$58,882,762$32,117,993$285,454,959
94$461,624,320$61,681,077$33,107,005$313,392,457
95$508,620,322$64,613,771$34,126,411$344,136,090
96$560,407,091$67,687,342$35,177,142$377,970,396
97$617,473,196$70,908,604$36,260,159$415,208,868
98$680,357,039$74,284,702$37,376,451$456,196,899
99$749,651,933$77,823,129$38,527,038$501,315,040
100$826,011,709$81,531,741$39,712,973$550,982,581