Can I retire at age 55 with 4,700,000?

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 $4,700,000?

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%
1 years$388,122$384,664$381,291$377,999$374,785$371,489
2 years$192,139$188,561$185,093$181,730$178,469$175,148
3 years$126,821$123,227$119,767$116,436$113,228$109,985
4 years$94,168$90,585$87,160$83,886$80,755$77,615
5 years$74,581$71,019$67,640$64,432$61,389$58,360
6 years$61,527$57,993$54,663$51,527$48,575$45,662
7 years$52,207$48,702$45,425$42,363$39,504$36,708
8 years$45,220$41,747$38,524$35,538$32,773$30,093
9 years$39,788$36,348$33,181$30,270$27,599$25,036
10 years$35,446$32,039$28,928$26,093$23,516$21,067
11 years$31,895$28,522$25,468$22,709$20,225$17,888
12 years$28,938$25,600$22,602$19,919$17,526$15,300
13 years$26,438$23,135$20,193$17,585$15,283$13,165
14 years$24,297$21,029$18,144$15,610$13,397$11,384
15 years$22,443$19,211$16,381$13,922$11,796$9,885
16 years$20,823$17,625$14,852$12,465$10,425$8,614
17 years$19,394$16,232$13,515$11,200$9,244$7,528
18 years$18,126$14,999$12,337$10,093$8,219$6,596
19 years$16,993$13,901$11,294$9,120$7,326$5,793
20 years$15,974$12,918$10,365$8,260$6,544$5,096
21 years$15,053$12,032$9,534$7,497$5,856$4,491
22 years$14,217$11,232$8,787$6,816$5,249$3,964
23 years$13,455$10,505$8,113$6,208$4,712$3,503
24 years$12,758$9,842$7,503$5,662$4,235$3,098
25 years$12,117$9,237$6,950$5,171$3,811$2,744
26 years$11,527$8,681$6,445$4,728$3,433$2,431
27 years$10,981$8,170$5,985$4,327$3,095$2,156
28 years$10,475$7,698$5,564$3,965$2,793$1,914
29 years$10,005$7,262$5,178$3,636$2,522$1,699
30 years$9,567$6,859$4,823$3,337$2,278$1,510
31 years$9,158$6,484$4,496$3,065$2,060$1,342
32 years$8,776$6,135$4,195$2,816$1,863$1,193
33 years$8,417$5,810$3,917$2,590$1,686$1,061
34 years$8,080$5,506$3,660$2,383$1,527$944
35 years$7,763$5,223$3,422$2,194$1,383$841
36 years$7,465$4,957$3,201$2,020$1,253$748
37 years$7,183$4,708$2,996$1,861$1,136$666
38 years$6,917$4,474$2,806$1,716$1,030$593
39 years$6,664$4,255$2,629$1,582$934$529
40 years$6,426$4,048$2,464$1,459$847$471
41 years$6,199$3,853$2,310$1,346$768$420
42 years$5,984$3,670$2,167$1,242$697$374
43 years$5,779$3,497$2,033$1,147$633$333
44 years$5,584$3,333$1,909$1,059$574$297
45 years$5,399$3,178$1,792$978$521$265
46 years$5,222$3,032$1,683$903$473$236
47 years$5,053$2,893$1,581$835$430$211
48 years$4,891$2,762$1,486$771$390$188
49 years$4,737$2,638$1,397$713$355$167
50 years$4,589$2,520$1,313$659$322$149

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $4,700,000, adding $5,648 every year, while hoping to spend $25,897 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: 63/30/7 Blend
54$4,700,000$4,700,000$4,700,000$4,700,000
55$5,185,226$4,936,126$4,863,276$5,504,654
56$5,686,565$5,150,442$4,998,641$5,932,666
57$6,238,172$5,374,391$5,137,674$6,396,230
58$6,845,148$5,608,419$5,280,468$6,901,681
59$7,513,112$5,852,991$5,427,123$7,453,074
60$8,248,256$6,108,594$5,577,738$8,054,867
61$9,057,402$6,375,739$5,732,416$8,711,965
62$9,948,068$6,654,960$5,891,263$9,429,763
63$10,928,535$6,946,818$6,054,385$10,214,197
64$12,007,932$7,251,898$6,221,893$11,071,794
65$13,196,316$7,570,815$6,393,900$12,009,738
66$14,504,766$7,904,212$6,570,523$13,035,934
67$15,945,496$8,252,762$6,751,878$14,159,080
68$17,531,958$8,617,169$6,938,088$15,388,747
69$19,278,981$8,998,173$7,129,277$16,735,471
70$21,202,901$9,396,548$7,325,572$18,210,847
71$23,321,721$9,813,103$7,527,103$19,827,637
72$25,655,279$10,248,687$7,734,003$21,599,892
73$28,225,433$10,704,189$7,946,408$23,543,076
74$31,056,273$11,180,540$8,164,459$25,674,217
75$34,174,342$11,678,715$8,388,297$28,012,060
76$37,608,890$12,199,736$8,618,069$30,577,245
77$41,392,147$12,744,674$8,853,925$33,392,495
78$45,559,631$13,314,648$9,096,017$36,482,833
79$50,150,482$13,910,835$9,344,502$39,875,813
80$55,207,828$14,534,463$9,599,540$43,601,777
81$60,779,197$15,186,821$9,861,294$47,694,138
82$66,916,960$15,869,261$10,129,933$52,189,693
83$73,678,832$16,583,196$10,405,627$57,128,968
84$81,128,409$17,330,109$10,688,552$62,556,596
85$89,335,774$18,111,552$10,978,886$68,521,734
86$98,378,157$18,929,152$11,276,813$75,078,525
87$108,340,663$19,784,614$11,582,520$82,286,603
88$119,317,073$20,679,723$11,896,197$90,211,655
89$131,410,737$21,616,352$12,218,042$98,926,032
90$144,735,538$22,596,459$12,548,252$108,509,434
91$159,416,978$23,622,101$12,887,034$119,049,652
92$175,593,354$24,695,428$13,234,594$130,643,392
93$193,417,071$25,818,698$13,591,147$143,397,189
94$213,056,071$26,994,274$13,956,910$157,428,399
95$234,695,430$28,224,633$14,332,106$172,866,307
96$258,539,093$29,512,370$14,716,961$189,853,338
97$284,811,810$30,860,205$15,111,708$208,546,400
98$313,761,248$32,270,988$15,516,584$229,118,352
99$345,660,335$33,747,706$15,931,829$251,759,637
100$380,809,836$35,293,490$16,357,692$276,680,064