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

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 $4,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$363,348$360,111$356,954$353,872$350,862$339,903
2 years$179,875$176,525$173,278$170,131$167,077$156,134
3 years$118,726$115,361$112,123$109,004$106,001$95,416
4 years$88,157$84,803$81,597$78,531$75,601$65,456
5 years$69,820$66,486$63,322$60,320$57,470$47,793
6 years$57,600$54,291$51,174$48,238$45,474$36,272
7 years$48,875$45,594$42,526$39,659$36,983$28,256
8 years$42,334$39,082$36,065$33,269$30,681$22,423
9 years$37,249$34,028$31,063$28,338$25,838$18,040
10 years$33,183$29,994$27,081$24,428$22,015$14,666
11 years$29,859$26,702$23,842$21,259$18,934$12,020
12 years$27,091$23,966$21,159$18,647$16,407$9,914
13 years$24,751$21,658$18,904$16,463$14,308$8,220
14 years$22,746$19,687$16,986$14,614$12,542$6,843
15 years$21,011$17,984$15,336$13,033$11,043$5,716
16 years$19,494$16,500$13,904$11,670$9,760$4,788
17 years$18,156$15,196$12,652$10,485$8,654$4,020
18 years$16,969$14,042$11,550$9,449$7,694$3,381
19 years$15,908$13,014$10,573$8,538$6,858$2,849
20 years$14,954$12,093$9,704$7,733$6,126$2,403
21 years$14,092$11,264$8,925$7,018$5,482$2,030
22 years$13,310$10,515$8,226$6,381$4,914$1,716
23 years$12,597$9,834$7,595$5,811$4,411$1,452
24 years$11,944$9,214$7,024$5,300$3,965$1,229
25 years$11,344$8,647$6,506$4,841$3,568$1,041
26 years$10,791$8,127$6,034$4,426$3,214$882
27 years$10,280$7,648$5,603$4,051$2,897$748
28 years$9,807$7,207$5,209$3,712$2,614$634
29 years$9,367$6,799$4,847$3,404$2,361$538
30 years$8,956$6,421$4,515$3,124$2,133$456
31 years$8,574$6,070$4,209$2,869$1,928$387
32 years$8,216$5,743$3,927$2,637$1,744$329
33 years$7,880$5,439$3,667$2,425$1,579$279
34 years$7,564$5,155$3,426$2,231$1,429$237
35 years$7,268$4,889$3,203$2,054$1,295$201
36 years$6,988$4,641$2,997$1,891$1,173$171
37 years$6,724$4,408$2,805$1,743$1,063$145
38 years$6,475$4,189$2,627$1,606$964$123
39 years$6,239$3,983$2,461$1,481$874$105
40 years$6,015$3,790$2,306$1,366$793$89
41 years$5,803$3,607$2,163$1,260$719$76
42 years$5,602$3,436$2,029$1,163$653$64
43 years$5,410$3,273$1,904$1,074$592$54
44 years$5,228$3,120$1,787$991$538$46
45 years$5,054$2,975$1,678$916$488$39
46 years$4,888$2,838$1,576$846$443$33
47 years$4,730$2,709$1,481$781$402$28
48 years$4,579$2,586$1,391$722$365$24
49 years$4,434$2,469$1,308$667$332$20
50 years$4,296$2,359$1,229$617$301$17

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 $5,261 every year, while hoping to spend $27,497 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: 65/6/29 Blend
54$4,400,000$4,400,000$4,400,000$4,400,000
55$4,854,227$4,621,027$4,552,827$5,132,052
56$5,320,101$4,818,200$4,676,090$5,517,850
57$5,832,573$5,024,114$4,802,561$5,935,872
58$6,396,367$5,239,167$4,932,318$6,392,218
59$7,016,687$5,463,777$5,065,441$6,890,667
60$7,699,268$5,698,381$5,202,012$7,435,378
61$8,450,430$5,943,438$5,342,116$8,030,932
62$9,277,133$6,199,426$5,485,836$8,682,372
63$10,187,051$6,466,847$5,633,262$9,395,251
64$11,188,634$6,746,227$5,784,480$10,175,682
65$12,291,199$7,038,116$5,939,584$11,030,401
66$13,505,006$7,343,089$6,098,665$11,966,821
67$14,841,365$7,661,749$6,261,819$12,993,111
68$16,312,737$7,994,727$6,429,142$14,118,263
69$17,932,851$8,342,684$6,600,734$15,352,186
70$19,716,838$8,706,311$6,776,694$16,705,789
71$21,681,369$9,086,334$6,957,127$18,191,092
72$23,844,814$9,483,510$7,142,136$19,821,332
73$26,227,417$9,898,634$7,331,830$21,611,092
74$28,851,484$10,332,537$7,526,317$23,576,435
75$31,741,596$10,786,092$7,725,709$25,735,057
76$34,924,837$11,260,209$7,930,119$28,106,449
77$38,431,056$11,755,845$8,139,663$30,712,088
78$42,293,141$12,273,999$8,354,459$33,575,629
79$46,547,336$12,815,719$8,574,628$36,723,137
80$51,233,578$13,382,102$8,800,291$40,183,323
81$56,395,876$13,974,299$9,031,575$43,987,823
82$62,082,728$14,593,512$9,268,605$48,171,487
83$68,347,575$15,241,003$9,511,512$52,772,716
84$75,249,307$15,918,091$9,760,426$57,833,814
85$82,852,819$16,626,160$10,015,484$63,401,394
86$91,229,624$17,366,660$10,276,820$69,526,811
87$100,458,526$18,141,107$10,544,574$76,266,652
88$110,626,367$18,951,092$10,818,888$83,683,263
89$121,828,840$19,798,280$11,099,905$91,845,338
90$134,171,402$20,684,415$11,387,772$100,828,569
91$147,770,259$21,611,326$11,682,636$110,716,354
92$162,753,471$22,580,926$11,984,650$121,600,589
93$179,262,156$23,595,222$12,293,967$133,582,529
94$197,451,823$24,656,316$12,610,742$146,773,745
95$217,493,842$25,766,408$12,935,135$161,297,174
96$239,577,058$26,927,806$13,267,306$177,288,280
97$263,909,575$28,142,925$13,607,417$194,896,330
98$290,720,722$29,414,299$13,955,636$214,285,800
99$320,263,216$30,744,580$14,312,130$235,637,931
100$352,815,547$32,136,547$14,677,070$259,152,430