Can I retire at age 55 with 4,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $4,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$363,348$360,111$356,954$353,872$350,862$348,068
2 years$179,875$176,525$173,278$170,131$167,077$164,260
3 years$118,726$115,361$112,123$109,004$106,001$103,249
4 years$88,157$84,803$81,597$78,531$75,601$72,935
5 years$69,820$66,486$63,322$60,320$57,470$54,898
6 years$57,600$54,291$51,174$48,238$45,474$42,999
7 years$48,875$45,594$42,526$39,659$36,983$34,606
8 years$42,334$39,082$36,065$33,269$30,681$28,402
9 years$37,249$34,028$31,063$28,338$25,838$23,657
10 years$33,183$29,994$27,081$24,428$22,015$19,930
11 years$29,859$26,702$23,842$21,259$18,934$16,944
12 years$27,091$23,966$21,159$18,647$16,407$14,511
13 years$24,751$21,658$18,904$16,463$14,308$12,502
14 years$22,746$19,687$16,986$14,614$12,542$10,825
15 years$21,011$17,984$15,336$13,033$11,043$9,412
16 years$19,494$16,500$13,904$11,670$9,760$8,213
17 years$18,156$15,196$12,652$10,485$8,654$7,188
18 years$16,969$14,042$11,550$9,449$7,694$6,307
19 years$15,908$13,014$10,573$8,538$6,858$5,546
20 years$14,954$12,093$9,704$7,733$6,126$4,887
21 years$14,092$11,264$8,925$7,018$5,482$4,313
22 years$13,310$10,515$8,226$6,381$4,914$3,812
23 years$12,597$9,834$7,595$5,811$4,411$3,374
24 years$11,944$9,214$7,024$5,300$3,965$2,989
25 years$11,344$8,647$6,506$4,841$3,568$2,651
26 years$10,791$8,127$6,034$4,426$3,214$2,353
27 years$10,280$7,648$5,603$4,051$2,897$2,090
28 years$9,807$7,207$5,209$3,712$2,614$1,858
29 years$9,367$6,799$4,847$3,404$2,361$1,652
30 years$8,956$6,421$4,515$3,124$2,133$1,470
31 years$8,574$6,070$4,209$2,869$1,928$1,309
32 years$8,216$5,743$3,927$2,637$1,744$1,166
33 years$7,880$5,439$3,667$2,425$1,579$1,039
34 years$7,564$5,155$3,426$2,231$1,429$926
35 years$7,268$4,889$3,203$2,054$1,295$826
36 years$6,988$4,641$2,997$1,891$1,173$736
37 years$6,724$4,408$2,805$1,743$1,063$657
38 years$6,475$4,189$2,627$1,606$964$586
39 years$6,239$3,983$2,461$1,481$874$523
40 years$6,015$3,790$2,306$1,366$793$467
41 years$5,803$3,607$2,163$1,260$719$416
42 years$5,602$3,436$2,029$1,163$653$372
43 years$5,410$3,273$1,904$1,074$592$332
44 years$5,228$3,120$1,787$991$538$296
45 years$5,054$2,975$1,678$916$488$265
46 years$4,888$2,838$1,576$846$443$236
47 years$4,730$2,709$1,481$781$402$211
48 years$4,579$2,586$1,391$722$365$189
49 years$4,434$2,469$1,308$667$332$168
50 years$4,296$2,359$1,229$617$301$150

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $4,400,000, adding $6,467 every year, while hoping to spend $38,488 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: 71/19/10 Blend
54$4,400,000$4,400,000$4,400,000$4,400,000
55$4,855,471$4,622,271$4,554,071$5,190,378
56$5,309,778$4,807,811$4,665,681$5,598,403
57$5,809,134$5,001,153$4,779,741$6,039,543
58$6,358,094$5,202,638$4,896,290$6,521,377
59$6,961,676$5,412,623$5,015,372$7,047,907
60$7,625,407$5,631,482$5,137,027$7,623,538
61$8,355,379$5,859,605$5,261,298$8,253,117
62$9,158,301$6,097,399$5,388,225$8,941,980
63$10,041,568$6,345,291$5,517,850$9,696,002
64$11,013,325$6,603,728$5,650,215$10,521,649
65$12,082,548$6,873,174$5,785,361$11,426,042
66$13,259,126$7,154,118$5,923,330$12,417,020
67$14,553,957$7,447,070$6,064,161$13,503,214
68$15,979,046$7,752,561$6,207,895$14,694,129
69$17,547,622$8,071,151$6,354,574$16,000,231
70$19,274,262$8,403,420$6,504,235$17,433,045
71$21,175,029$8,749,979$6,656,919$19,005,265
72$23,267,620$9,111,466$6,812,663$20,730,869
73$25,571,536$9,488,547$6,971,506$22,625,251
74$28,108,266$9,881,919$7,133,485$24,705,369
75$30,901,488$10,292,312$7,298,636$26,989,898
76$33,977,294$10,720,489$7,466,994$29,499,407
77$37,364,433$11,167,249$7,638,594$32,256,555
78$41,094,586$11,633,425$7,813,468$35,286,299
79$45,202,663$12,119,891$7,991,648$38,616,130
80$49,727,131$12,627,562$8,173,164$42,276,332
81$54,710,379$13,157,394$8,358,046$46,300,264
82$60,199,117$13,710,386$8,546,321$50,724,676
83$66,244,818$14,287,586$8,738,013$55,590,053
84$72,904,200$14,890,089$8,933,147$60,940,992
85$80,239,766$15,519,040$9,131,745$66,826,627
86$88,320,387$16,175,638$9,333,824$73,301,089
87$97,221,962$16,861,139$9,539,402$80,424,011
88$107,028,123$17,576,856$9,748,493$88,261,094
89$117,831,033$18,324,163$9,961,108$96,884,722
90$129,732,249$19,104,499$10,177,257$106,374,645
91$142,843,687$19,919,368$10,396,943$116,818,727
92$157,288,672$20,770,346$10,620,170$128,313,776
93$173,203,106$21,659,082$10,846,935$140,966,453
94$190,736,749$22,587,303$11,077,233$154,894,276
95$210,054,631$23,556,814$11,311,054$170,226,729
96$231,338,613$24,569,508$11,548,384$187,106,478
97$254,789,101$25,627,364$11,789,205$205,690,719
98$280,626,939$26,732,454$12,033,493$226,152,654
99$309,095,490$27,886,948$12,281,218$248,683,126
100$340,462,939$29,093,117$12,532,348$273,492,418