Can I retire at age 55 with 4,300,000?

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 $4,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$355,090$351,927$348,841$345,829$342,888$340,015
2 years$175,787$172,513$169,340$166,264$163,280$160,384
3 years$116,027$112,739$109,574$106,527$103,592$100,763
4 years$86,153$82,875$79,742$76,747$73,882$71,143
5 years$68,234$64,975$61,883$58,949$56,164$53,522
6 years$56,291$53,057$50,011$47,142$44,441$41,899
7 years$47,764$44,557$41,559$38,758$36,142$33,702
8 years$41,371$38,194$35,245$32,513$29,984$27,644
9 years$36,402$33,255$30,357$27,694$25,250$23,012
10 years$32,429$29,312$26,466$23,872$21,515$19,375
11 years$29,181$26,095$23,300$20,776$18,503$16,462
12 years$26,475$23,422$20,678$18,223$16,035$14,089
13 years$24,188$21,166$18,475$16,089$13,982$12,131
14 years$22,229$19,239$16,600$14,282$12,257$10,497
15 years$20,533$17,576$14,987$12,737$10,792$9,121
16 years$19,051$16,125$13,588$11,404$9,538$7,953
17 years$17,744$14,851$12,365$10,247$8,457$6,956
18 years$16,583$13,723$11,287$9,234$7,520$6,099
19 years$15,546$12,718$10,333$8,344$6,702$5,360
20 years$14,614$11,818$9,483$7,557$5,987$4,719
21 years$13,772$11,008$8,723$6,859$5,357$4,162
22 years$13,007$10,276$8,039$6,236$4,802$3,676
23 years$12,310$9,611$7,423$5,679$4,311$3,251
24 years$11,672$9,005$6,865$5,180$3,875$2,878
25 years$11,086$8,450$6,358$4,731$3,487$2,550
26 years$10,546$7,942$5,897$4,325$3,141$2,262
27 years$10,047$7,474$5,476$3,959$2,831$2,007
28 years$9,584$7,043$5,090$3,627$2,555$1,783
29 years$9,154$6,644$4,737$3,326$2,307$1,585
30 years$8,753$6,275$4,412$3,053$2,085$1,409
31 years$8,379$5,932$4,114$2,804$1,885$1,253
32 years$8,029$5,613$3,838$2,577$1,705$1,115
33 years$7,701$5,315$3,584$2,369$1,543$993
34 years$7,393$5,038$3,348$2,180$1,397$884
35 years$7,103$4,778$3,130$2,007$1,265$788
36 years$6,829$4,535$2,928$1,848$1,146$702
37 years$6,572$4,307$2,741$1,703$1,039$625
38 years$6,328$4,094$2,567$1,570$942$558
39 years$6,097$3,893$2,405$1,447$854$497
40 years$5,879$3,704$2,254$1,335$775$443
41 years$5,671$3,525$2,114$1,232$703$395
42 years$5,475$3,357$1,983$1,137$638$353
43 years$5,287$3,199$1,860$1,049$579$315
44 years$5,109$3,049$1,746$969$525$281
45 years$4,939$2,908$1,640$895$477$250
46 years$4,777$2,774$1,540$826$433$223
47 years$4,623$2,647$1,447$764$393$199
48 years$4,475$2,527$1,360$706$357$178
49 years$4,334$2,413$1,278$652$324$159
50 years$4,198$2,305$1,202$603$295$142

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $4,300,000, adding $4,652 every year, while hoping to spend $48,472 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: 53/19/28 Blend
54$4,300,000$4,300,000$4,300,000$4,300,000
55$4,743,399$4,515,499$4,448,849$4,957,472
56$5,175,651$4,685,184$4,546,311$5,276,058
57$5,650,369$4,861,560$4,645,414$5,617,272
58$6,171,833$5,044,902$4,746,161$5,987,656
59$6,744,757$5,235,500$4,848,555$6,390,023
60$7,374,337$5,433,653$4,952,596$6,827,466
61$8,066,294$5,639,678$5,058,283$7,303,391
62$8,826,934$5,853,900$5,165,614$7,821,545
63$9,663,203$6,076,662$5,274,583$8,386,050
64$10,582,752$6,308,321$5,385,184$9,001,447
65$11,594,014$6,549,250$5,497,409$9,672,731
66$12,706,276$6,799,836$5,611,245$10,405,401
67$13,929,774$7,060,486$5,726,679$11,205,513
68$15,275,784$7,331,622$5,843,696$12,079,732
69$16,756,729$7,613,687$5,962,275$13,035,398
70$18,386,300$7,907,142$6,082,396$14,080,591
71$20,179,579$8,212,469$6,204,032$15,224,210
72$22,153,186$8,530,169$6,327,157$16,476,053
73$24,325,432$8,860,769$6,451,738$17,846,912
74$26,716,495$9,204,815$6,577,740$19,348,671
75$29,348,607$9,562,881$6,705,124$20,994,417
76$32,246,266$9,935,563$6,833,846$22,798,566
77$35,436,465$10,323,486$6,963,861$24,776,994
78$38,948,948$10,727,301$7,095,114$26,947,188
79$42,816,491$11,147,688$7,227,550$29,328,411
80$47,075,208$11,585,360$7,361,108$31,941,880
81$51,764,894$12,041,057$7,495,720$34,810,966
82$56,929,401$12,515,557$7,631,314$37,961,415
83$62,617,048$13,009,668$7,767,812$41,421,588
84$68,881,083$13,524,237$7,905,129$45,222,728
85$75,780,177$14,060,148$8,043,175$49,399,255
86$83,378,986$14,618,326$8,181,852$53,989,087
87$91,748,754$15,199,735$8,321,055$59,033,996
88$100,967,989$15,805,385$8,460,673$64,580,007
89$111,123,203$16,436,328$8,600,585$70,677,821
90$122,309,729$17,093,667$8,740,663$77,383,302
91$134,632,616$17,778,552$8,880,770$84,757,995
92$148,207,628$18,492,186$9,020,761$92,869,712
93$163,162,329$19,235,826$9,160,480$101,793,162
94$179,637,292$20,010,787$9,299,761$111,610,664
95$197,787,422$20,818,442$9,438,429$122,412,915
96$217,783,420$21,660,226$9,576,297$134,299,845
97$239,813,392$22,537,640$9,713,167$147,381,565
98$264,084,628$23,452,254$9,848,827$161,779,393
99$290,825,553$24,405,708$9,983,056$177,627,008
100$320,287,887$25,399,715$10,115,617$195,071,704