Can I retire at age 55 with 4,600,000?

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 $4,600,000?

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$379,864$376,480$373,179$369,957$366,810$361,927
2 years$188,051$184,549$181,155$177,864$174,672$169,759
3 years$124,122$120,605$117,219$113,959$110,819$106,030
4 years$92,164$88,657$85,306$82,101$79,037$74,409
5 years$72,994$69,508$66,201$63,062$60,083$55,629
6 years$60,218$56,759$53,500$50,431$47,541$43,268
7 years$51,096$47,666$44,459$41,462$38,664$34,571
8 years$44,258$40,859$37,704$34,781$32,075$28,164
9 years$38,942$35,575$32,475$29,626$27,012$23,279
10 years$34,692$31,357$28,312$25,538$23,016$19,459
11 years$31,216$27,916$24,926$22,226$19,794$16,410
12 years$28,322$25,056$22,121$19,495$17,153$13,939
13 years$25,876$22,643$19,764$17,211$14,958$11,908
14 years$23,780$20,582$17,758$15,278$13,112$10,222
15 years$21,966$18,802$16,033$13,625$11,545$8,811
16 years$20,380$17,250$14,536$12,200$10,203$7,619
17 years$18,982$15,887$13,227$10,962$9,047$6,608
18 years$17,740$14,680$12,075$9,879$8,044$5,745
19 years$16,631$13,605$11,054$8,926$7,170$5,005
20 years$15,634$12,643$10,145$8,084$6,404$4,368
21 years$14,733$11,776$9,331$7,337$5,731$3,818
22 years$13,915$10,993$8,600$6,671$5,137$3,341
23 years$13,169$10,281$7,941$6,075$4,611$2,928
24 years$12,487$9,633$7,344$5,541$4,145$2,568
25 years$11,860$9,040$6,802$5,061$3,730$2,255
26 years$11,282$8,496$6,308$4,627$3,360$1,981
27 years$10,748$7,996$5,858$4,235$3,029$1,741
28 years$10,252$7,534$5,446$3,880$2,733$1,532
29 years$9,792$7,108$5,068$3,558$2,468$1,348
30 years$9,364$6,713$4,720$3,266$2,230$1,187
31 years$8,963$6,346$4,401$2,999$2,016$1,046
32 years$8,589$6,004$4,106$2,756$1,824$921
33 years$8,238$5,686$3,834$2,535$1,650$812
34 years$7,908$5,389$3,582$2,332$1,494$716
35 years$7,598$5,112$3,349$2,147$1,353$631
36 years$7,306$4,852$3,133$1,977$1,226$557
37 years$7,030$4,608$2,932$1,822$1,111$491
38 years$6,769$4,379$2,746$1,679$1,008$433
39 years$6,523$4,164$2,573$1,548$914$383
40 years$6,289$3,962$2,411$1,428$829$338
41 years$6,067$3,771$2,261$1,318$752$298
42 years$5,856$3,592$2,121$1,216$682$263
43 years$5,656$3,422$1,990$1,122$619$232
44 years$5,465$3,262$1,868$1,036$562$205
45 years$5,284$3,111$1,754$957$510$181
46 years$5,110$2,967$1,648$884$463$160
47 years$4,945$2,832$1,548$817$421$141
48 years$4,787$2,703$1,455$755$382$125
49 years$4,636$2,582$1,367$698$347$110
50 years$4,491$2,466$1,285$645$315$97

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $4,600,000, adding $6,418 every year, while hoping to spend $45,952 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: 66/24/10 Blend
54$4,600,000$4,600,000$4,600,000$4,600,000
55$5,075,820$4,832,020$4,760,720$5,399,730
56$5,544,661$5,019,897$4,871,312$5,804,032
57$6,059,784$5,215,439$4,984,068$6,239,702
58$6,625,861$5,418,974$5,099,013$6,714,673
59$7,248,038$5,630,844$5,216,170$7,232,779
60$7,931,988$5,851,405$5,335,561$7,798,236
61$8,683,957$6,081,030$5,457,209$8,415,685
62$9,510,828$6,320,108$5,581,133$9,090,231
63$10,420,186$6,569,046$5,707,354$9,827,495
64$11,420,384$6,828,268$5,835,889$10,633,662
65$12,520,628$7,098,219$5,966,757$11,515,543
66$13,731,061$7,379,361$6,099,972$12,480,631
67$15,062,859$7,672,179$6,235,550$13,537,179
68$16,528,333$7,977,178$6,373,504$14,694,271
69$18,141,051$8,294,888$6,513,845$15,961,908
70$19,915,962$8,625,861$6,656,582$17,351,104
71$21,869,536$8,970,674$6,801,724$18,873,984
72$24,019,922$9,329,931$6,949,275$20,543,901
73$26,387,118$9,704,261$7,099,239$22,375,558
74$28,993,159$10,094,325$7,251,618$24,385,150
75$31,862,324$10,500,810$7,406,411$26,590,507
76$35,021,368$10,924,436$7,563,612$29,011,271
77$38,499,770$11,365,956$7,723,216$31,669,070
78$42,330,016$11,826,157$7,885,213$34,587,731
79$46,547,899$12,305,860$8,049,589$37,793,491
80$51,192,864$12,805,927$8,216,329$41,315,255
81$56,308,373$13,327,254$8,385,413$45,184,859
82$61,942,320$13,870,782$8,556,817$49,437,370
83$68,147,480$14,437,494$8,730,514$54,111,418
84$74,982,008$15,028,416$8,906,471$59,249,556
85$82,509,987$15,644,623$9,084,653$64,898,660
86$90,802,035$16,287,239$9,265,018$71,110,370
87$99,935,967$16,957,437$9,447,520$77,941,574
88$109,997,531$17,656,448$9,632,108$85,454,943
89$121,081,220$18,385,555$9,818,724$93,719,521
90$133,291,160$19,146,102$10,007,307$102,811,373
91$146,742,092$19,939,495$10,197,786$112,814,300
92$161,560,460$20,767,204$10,390,086$123,820,629
93$177,885,597$21,630,768$10,584,124$135,932,080
94$195,871,046$22,531,794$10,779,810$149,260,724
95$215,686,006$23,471,965$10,977,047$163,930,035
96$237,516,930$24,453,043$11,175,730$180,076,058
97$261,569,283$25,476,868$11,375,743$197,848,684
98$288,069,484$26,545,368$11,576,964$217,413,064
99$317,267,038$27,660,558$11,779,259$238,951,164
100$349,436,900$28,824,549$11,982,488$262,663,480