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%14.9%
1 years$355,090$351,927$348,841$345,829$342,888$335,965
2 years$175,787$172,513$169,340$166,264$163,280$156,335
3 years$116,027$112,739$109,574$106,527$103,592$96,842
4 years$86,153$82,875$79,742$76,747$73,882$67,380
5 years$68,234$64,975$61,883$58,949$56,164$49,928
6 years$56,291$53,057$50,011$47,142$44,441$38,477
7 years$47,764$44,557$41,559$38,758$36,142$30,452
8 years$41,371$38,194$35,245$32,513$29,984$24,565
9 years$36,402$33,255$30,357$27,694$25,250$20,100
10 years$32,429$29,312$26,466$23,872$21,515$16,628
11 years$29,181$26,095$23,300$20,776$18,503$13,874
12 years$26,475$23,422$20,678$18,223$16,035$11,656
13 years$24,188$21,166$18,475$16,089$13,982$9,847
14 years$22,229$19,239$16,600$14,282$12,257$8,357
15 years$20,533$17,576$14,987$12,737$10,792$7,119
16 years$19,051$16,125$13,588$11,404$9,538$6,084
17 years$17,744$14,851$12,365$10,247$8,457$5,213
18 years$16,583$13,723$11,287$9,234$7,520$4,476
19 years$15,546$12,718$10,333$8,344$6,702$3,851
20 years$14,614$11,818$9,483$7,557$5,987$3,319
21 years$13,772$11,008$8,723$6,859$5,357$2,864
22 years$13,007$10,276$8,039$6,236$4,802$2,474
23 years$12,310$9,611$7,423$5,679$4,311$2,139
24 years$11,672$9,005$6,865$5,180$3,875$1,852
25 years$11,086$8,450$6,358$4,731$3,487$1,604
26 years$10,546$7,942$5,897$4,325$3,141$1,390
27 years$10,047$7,474$5,476$3,959$2,831$1,206
28 years$9,584$7,043$5,090$3,627$2,555$1,046
29 years$9,154$6,644$4,737$3,326$2,307$908
30 years$8,753$6,275$4,412$3,053$2,085$788
31 years$8,379$5,932$4,114$2,804$1,885$685
32 years$8,029$5,613$3,838$2,577$1,705$595
33 years$7,701$5,315$3,584$2,369$1,543$517
34 years$7,393$5,038$3,348$2,180$1,397$449
35 years$7,103$4,778$3,130$2,007$1,265$391
36 years$6,829$4,535$2,928$1,848$1,146$340
37 years$6,572$4,307$2,741$1,703$1,039$295
38 years$6,328$4,094$2,567$1,570$942$257
39 years$6,097$3,893$2,405$1,447$854$223
40 years$5,879$3,704$2,254$1,335$775$194
41 years$5,671$3,525$2,114$1,232$703$169
42 years$5,475$3,357$1,983$1,137$638$147
43 years$5,287$3,199$1,860$1,049$579$128
44 years$5,109$3,049$1,746$969$525$111
45 years$4,939$2,908$1,640$895$477$97
46 years$4,777$2,774$1,540$826$433$84
47 years$4,623$2,647$1,447$764$393$73
48 years$4,475$2,527$1,360$706$357$64
49 years$4,334$2,413$1,278$652$324$55
50 years$4,198$2,305$1,202$603$295$48

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 $2,964 every year, while hoping to spend $58,796 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: 57/21/22 Blend
54$4,300,000$4,300,000$4,300,000$4,300,000
55$4,741,657$4,513,757$4,447,107$4,983,667
56$5,162,748$4,672,373$4,533,527$5,307,735
57$5,624,819$4,836,790$4,620,871$5,654,209
58$6,131,989$5,007,231$4,709,108$6,030,546
59$6,688,793$5,183,927$4,798,205$6,439,638
60$7,300,229$5,367,118$4,888,124$6,884,669
61$7,971,800$5,557,055$4,978,824$7,369,143
62$8,709,571$5,753,998$5,070,261$7,896,915
63$9,520,220$5,958,217$5,162,388$8,472,231
64$10,411,108$6,169,994$5,255,153$9,099,763
65$11,390,340$6,389,623$5,348,500$9,784,655
66$12,466,849$6,617,409$5,442,369$10,532,573
67$13,650,474$6,853,669$5,536,695$11,349,752
68$14,952,058$7,098,734$5,631,410$12,243,059
69$16,383,544$7,352,948$5,726,438$13,220,057
70$17,958,093$7,616,670$5,821,701$14,289,073
71$19,690,203$7,890,271$5,917,113$15,459,277
72$21,595,851$8,174,142$6,012,584$16,740,769
73$23,692,638$8,468,685$6,108,016$18,144,674
74$25,999,959$8,774,322$6,203,306$19,683,242
75$28,539,183$9,091,492$6,298,344$21,369,970
76$31,333,855$9,420,651$6,393,015$23,219,720
77$34,409,919$9,762,274$6,487,192$25,248,866
78$37,795,963$10,116,857$6,580,745$27,475,444
79$41,523,484$10,484,916$6,673,533$29,919,322
80$45,627,191$10,866,989$6,765,407$32,602,385
81$50,145,328$11,263,634$6,856,212$35,548,746
82$55,120,036$11,675,437$6,945,779$38,784,964
83$60,597,750$12,103,004$7,033,934$42,340,302
84$66,629,639$12,546,970$7,120,489$46,246,999
85$73,272,084$13,007,993$7,205,247$50,540,571
86$80,587,215$13,486,763$7,288,001$55,260,148
87$88,643,492$13,983,996$7,368,531$60,448,843
88$97,516,356$14,500,439$7,446,604$66,154,153
89$107,288,935$15,036,872$7,521,976$72,428,412
90$118,052,834$15,594,106$7,594,390$79,329,281
91$129,908,994$16,172,988$7,663,573$86,920,290
92$142,968,648$16,774,400$7,729,239$95,271,439
93$157,354,367$17,399,264$7,791,086$104,459,854
94$173,201,222$18,048,537$7,848,796$114,570,518
95$190,658,053$18,723,221$7,902,037$125,697,069
96$209,888,875$19,424,359$7,950,456$137,942,681
97$231,074,427$20,153,040$7,993,683$151,421,040
98$254,413,878$20,910,398$8,031,330$166,257,413
99$280,126,703$21,697,617$8,062,990$182,589,831
100$308,454,758$22,515,932$8,088,231$200,570,389