Can I retire at age 55 with 4,200,000?

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 $4,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$346,832$343,743$340,729$337,787$334,914$330,455
2 years$171,699$168,501$165,402$162,397$159,483$154,998
3 years$113,329$110,117$107,026$104,050$101,182$96,810
4 years$84,150$80,948$77,888$74,962$72,164$67,939
5 years$66,647$63,464$60,444$57,578$54,858$50,792
6 years$54,982$51,823$48,848$46,046$43,407$39,505
7 years$46,653$43,521$40,593$37,857$35,302$31,565
8 years$40,409$37,306$34,426$31,757$29,286$25,715
9 years$35,556$32,481$29,651$27,050$24,663$21,255
10 years$31,675$28,631$25,850$23,317$21,014$17,767
11 years$28,502$25,488$22,758$20,293$18,073$14,983
12 years$25,860$22,877$20,197$17,800$15,662$12,727
13 years$23,626$20,674$18,045$15,714$13,657$10,873
14 years$21,712$18,792$16,214$13,950$11,972$9,334
15 years$20,056$17,167$14,639$12,441$10,541$8,044
16 years$18,608$15,750$13,272$11,139$9,316$6,957
17 years$17,331$14,505$12,077$10,008$8,260$6,033
18 years$16,198$13,404$11,025$9,020$7,345$5,245
19 years$15,185$12,422$10,093$8,150$6,547$4,570
20 years$14,274$11,543$9,263$7,381$5,847$3,988
21 years$13,452$10,752$8,520$6,699$5,233$3,486
22 years$12,705$10,037$7,852$6,091$4,690$3,051
23 years$12,024$9,387$7,250$5,547$4,210$2,673
24 years$11,401$8,795$6,705$5,059$3,784$2,345
25 years$10,828$8,254$6,210$4,621$3,405$2,059
26 years$10,301$7,757$5,760$4,225$3,067$1,809
27 years$9,813$7,301$5,348$3,867$2,766$1,590
28 years$9,361$6,879$4,972$3,543$2,495$1,399
29 years$8,941$6,490$4,627$3,249$2,253$1,231
30 years$8,549$6,129$4,310$2,982$2,036$1,084
31 years$8,184$5,794$4,018$2,739$1,841$955
32 years$7,842$5,482$3,749$2,517$1,665$841
33 years$7,522$5,192$3,500$2,314$1,507$741
34 years$7,221$4,921$3,270$2,129$1,364$654
35 years$6,937$4,667$3,058$1,960$1,236$576
36 years$6,671$4,430$2,860$1,805$1,120$508
37 years$6,419$4,207$2,677$1,663$1,015$449
38 years$6,181$3,998$2,507$1,533$920$396
39 years$5,956$3,802$2,349$1,414$834$349
40 years$5,742$3,617$2,202$1,304$757$308
41 years$5,540$3,443$2,064$1,203$687$272
42 years$5,347$3,279$1,937$1,110$623$240
43 years$5,164$3,125$1,817$1,025$565$212
44 years$4,990$2,978$1,706$946$513$187
45 years$4,824$2,840$1,602$874$466$165
46 years$4,666$2,709$1,504$807$423$146
47 years$4,515$2,586$1,413$746$384$129
48 years$4,371$2,468$1,328$689$349$114
49 years$4,233$2,357$1,248$637$317$101
50 years$4,101$2,252$1,174$589$288$89

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $4,200,000, adding $2,916 every year, while hoping to spend $58,908 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: 74/14/12 Blend
54$4,200,000$4,200,000$4,200,000$4,200,000
55$4,631,408$4,408,808$4,343,708$4,962,745
56$5,041,134$4,562,162$4,426,544$5,335,336
57$5,490,677$4,721,056$4,510,182$5,735,808
58$5,984,038$4,885,699$4,594,584$6,172,957
59$6,525,621$5,056,309$4,679,714$6,650,401
60$7,120,278$5,233,112$4,765,528$7,172,128
61$7,773,355$5,416,343$4,851,982$7,742,523
62$8,490,740$5,606,247$4,939,026$8,366,420
63$9,278,921$5,803,079$5,026,609$9,049,140
64$10,145,043$6,007,101$5,114,672$9,796,542
65$11,096,979$6,218,591$5,203,156$10,615,078
66$12,143,403$6,437,834$5,291,993$11,511,857
67$13,293,869$6,665,127$5,381,114$12,494,705
68$14,558,907$6,900,781$5,470,444$13,572,244
69$15,950,113$7,145,117$5,559,902$14,753,970
70$17,480,267$7,398,471$5,649,402$16,050,343
71$19,163,450$7,661,191$5,738,852$17,472,884
72$21,015,173$7,933,641$5,828,155$19,034,286
73$23,052,529$8,216,198$5,917,206$20,748,530
74$25,294,351$8,509,255$6,005,896$22,631,017
75$27,761,388$8,813,221$6,094,107$24,698,715
76$30,476,503$9,128,523$6,181,714$26,970,315
77$33,464,889$9,455,604$6,268,584$29,466,410
78$36,754,304$9,794,924$6,354,577$32,209,686
79$40,375,333$10,146,965$6,439,545$35,225,139
80$44,361,678$10,512,227$6,523,331$38,540,304
81$48,750,473$10,891,231$6,605,767$42,185,523
82$53,582,639$11,284,519$6,686,678$46,194,220
83$58,903,264$11,692,656$6,765,877$50,603,226
84$64,762,031$12,116,230$6,843,168$55,453,120
85$71,213,687$12,555,855$6,918,343$60,788,609
86$78,318,559$13,012,167$6,991,184$66,658,957
87$86,143,122$13,485,833$7,061,458$73,118,442
88$94,760,627$13,977,545$7,128,923$80,226,870
89$104,251,790$14,488,025$7,193,322$88,050,140
90$114,705,558$15,018,023$7,254,383$96,660,861
91$126,219,943$15,568,324$7,311,823$106,139,042
92$138,902,949$16,139,744$7,365,341$116,572,841
93$152,873,592$16,733,134$7,414,622$128,059,399
94$168,263,021$17,349,380$7,459,334$140,705,754
95$185,215,755$17,989,406$7,499,128$154,629,854
96$203,891,051$18,654,175$7,533,638$169,961,663
97$224,464,400$19,344,692$7,562,477$186,844,394
98$247,129,190$20,062,002$7,585,240$205,435,851
99$272,098,524$20,807,198$7,601,503$225,909,928
100$299,607,239$21,581,416$7,610,819$248,458,239