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%16.4%
1 years$388,122$384,664$381,291$377,999$374,785$364,984
2 years$192,139$188,561$185,093$181,730$178,469$168,662
3 years$126,821$123,227$119,767$116,436$113,228$103,721
4 years$94,168$90,585$87,160$83,886$80,755$71,622
5 years$74,581$71,019$67,640$64,432$61,389$52,654
6 years$61,527$57,993$54,663$51,527$48,575$40,247
7 years$52,207$48,702$45,425$42,363$39,504$31,585
8 years$45,220$41,747$38,524$35,538$32,773$25,257
9 years$39,788$36,348$33,181$30,270$27,599$20,481
10 years$35,446$32,039$28,928$26,093$23,516$16,786
11 years$31,895$28,522$25,468$22,709$20,225$13,873
12 years$28,938$25,600$22,602$19,919$17,526$11,541
13 years$26,438$23,135$20,193$17,585$15,283$9,653
14 years$24,297$21,029$18,144$15,610$13,397$8,109
15 years$22,443$19,211$16,381$13,922$11,796$6,836
16 years$20,823$17,625$14,852$12,465$10,425$5,780
17 years$19,394$16,232$13,515$11,200$9,244$4,899
18 years$18,126$14,999$12,337$10,093$8,219$4,161
19 years$16,993$13,901$11,294$9,120$7,326$3,540
20 years$15,974$12,918$10,365$8,260$6,544$3,016
21 years$15,053$12,032$9,534$7,497$5,856$2,573
22 years$14,217$11,232$8,787$6,816$5,249$2,197
23 years$13,455$10,505$8,113$6,208$4,712$1,878
24 years$12,758$9,842$7,503$5,662$4,235$1,606
25 years$12,117$9,237$6,950$5,171$3,811$1,375
26 years$11,527$8,681$6,445$4,728$3,433$1,177
27 years$10,981$8,170$5,985$4,327$3,095$1,008
28 years$10,475$7,698$5,564$3,965$2,793$864
29 years$10,005$7,262$5,178$3,636$2,522$741
30 years$9,567$6,859$4,823$3,337$2,278$635
31 years$9,158$6,484$4,496$3,065$2,060$545
32 years$8,776$6,135$4,195$2,816$1,863$468
33 years$8,417$5,810$3,917$2,590$1,686$401
34 years$8,080$5,506$3,660$2,383$1,527$345
35 years$7,763$5,223$3,422$2,194$1,383$296
36 years$7,465$4,957$3,201$2,020$1,253$254
37 years$7,183$4,708$2,996$1,861$1,136$218
38 years$6,917$4,474$2,806$1,716$1,030$187
39 years$6,664$4,255$2,629$1,582$934$161
40 years$6,426$4,048$2,464$1,459$847$138
41 years$6,199$3,853$2,310$1,346$768$119
42 years$5,984$3,670$2,167$1,242$697$102
43 years$5,779$3,497$2,033$1,147$633$87
44 years$5,584$3,333$1,909$1,059$574$75
45 years$5,399$3,178$1,792$978$521$65
46 years$5,222$3,032$1,683$903$473$55
47 years$5,053$2,893$1,581$835$430$48
48 years$4,891$2,762$1,486$771$390$41
49 years$4,737$2,638$1,397$713$355$35
50 years$4,589$2,520$1,313$659$322$30

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 $5,362 every year, while hoping to spend $25,006 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: 49/39/12 Blend
54$4,700,000$4,700,000$4,700,000$4,700,000
55$5,184,931$4,935,831$4,862,981$5,421,759
56$5,687,188$5,151,080$4,999,285$5,800,283
57$6,239,837$5,376,039$5,139,316$6,208,163
58$6,847,991$5,611,156$5,283,175$6,650,647
59$7,517,286$5,856,902$5,430,960$7,130,984
60$8,253,928$6,113,770$5,582,777$7,652,739
61$9,064,760$6,382,276$5,738,731$8,219,831
62$9,957,318$6,662,960$5,898,931$8,836,564
63$10,939,907$6,956,387$6,063,488$9,507,669
64$12,021,679$7,263,152$6,232,516$10,238,344
65$13,212,717$7,583,873$6,406,133$11,034,302
66$14,524,134$7,919,203$6,584,457$11,901,824
67$15,968,172$8,269,820$6,767,613$12,847,815
68$17,558,323$8,636,439$6,955,726$13,879,868
69$19,309,454$9,019,806$7,148,925$15,006,333
70$21,237,946$9,420,704$7,347,341$16,236,390
71$23,361,850$9,839,952$7,551,111$17,580,141
72$25,701,058$10,278,409$7,760,372$19,048,693
73$28,277,488$10,736,973$7,975,267$20,654,269
74$31,115,294$11,216,588$8,195,941$22,410,315
75$34,241,092$11,718,238$8,422,543$24,331,624
76$37,684,211$12,242,959$8,655,225$26,434,475
77$41,476,969$12,791,833$8,894,144$28,736,783
78$45,654,981$13,365,994$9,139,459$31,258,263
79$50,257,492$13,966,631$9,391,334$34,020,612
80$55,327,749$14,594,988$9,649,936$37,047,713
81$60,913,408$15,252,371$9,915,438$40,365,856
82$67,066,984$15,940,146$10,188,013$44,003,978
83$73,846,348$16,659,745$10,467,844$47,993,935
84$81,315,271$17,412,668$10,755,112$52,370,801
85$89,544,027$18,200,487$11,050,006$57,173,188
86$98,610,056$19,024,849$11,352,719$62,443,610
87$108,598,694$19,887,479$11,663,448$68,228,878
88$119,603,982$20,790,186$11,982,394$74,580,536
89$131,729,548$21,734,865$12,309,764$81,555,342
90$145,089,589$22,723,501$12,645,769$89,215,800
91$159,809,949$23,758,175$12,990,624$97,630,740
92$176,029,304$24,841,066$13,344,551$106,875,964
93$193,900,474$25,974,458$13,707,774$117,034,955
94$213,591,863$27,160,747$14,080,524$128,199,655
95$235,289,049$28,402,441$14,463,039$140,471,330
96$259,196,540$29,702,168$14,855,558$153,961,513
97$285,539,697$31,062,684$15,258,329$168,793,056
98$314,566,867$32,486,876$15,671,604$185,101,271
99$346,551,725$33,977,771$16,095,640$203,035,209
100$381,795,858$35,538,539$16,530,702$222,759,051