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%13.7%
1 years$388,122$384,664$381,291$377,999$374,785$369,032
2 years$192,139$188,561$185,093$181,730$178,469$172,687
3 years$126,821$123,227$119,767$116,436$113,228$107,597
4 years$94,168$90,585$87,160$83,886$80,755$75,318
5 years$74,581$71,019$67,640$64,432$61,389$56,162
6 years$61,527$57,993$54,663$51,527$48,575$43,564
7 years$52,207$48,702$45,425$42,363$39,504$34,711
8 years$45,220$41,747$38,524$35,538$32,773$28,196
9 years$39,788$36,348$33,181$30,270$27,599$23,237
10 years$35,446$32,039$28,928$26,093$23,516$19,365
11 years$31,895$28,522$25,468$22,709$20,225$16,280
12 years$28,938$25,600$22,602$19,919$17,526$13,784
13 years$26,438$23,135$20,193$17,585$15,283$11,737
14 years$24,297$21,029$18,144$15,610$13,397$10,042
15 years$22,443$19,211$16,381$13,922$11,796$8,626
16 years$20,823$17,625$14,852$12,465$10,425$7,433
17 years$19,394$16,232$13,515$11,200$9,244$6,424
18 years$18,126$14,999$12,337$10,093$8,219$5,565
19 years$16,993$13,901$11,294$9,120$7,326$4,830
20 years$15,974$12,918$10,365$8,260$6,544$4,200
21 years$15,053$12,032$9,534$7,497$5,856$3,657
22 years$14,217$11,232$8,787$6,816$5,249$3,189
23 years$13,455$10,505$8,113$6,208$4,712$2,783
24 years$12,758$9,842$7,503$5,662$4,235$2,432
25 years$12,117$9,237$6,950$5,171$3,811$2,127
26 years$11,527$8,681$6,445$4,728$3,433$1,861
27 years$10,981$8,170$5,985$4,327$3,095$1,629
28 years$10,475$7,698$5,564$3,965$2,793$1,428
29 years$10,005$7,262$5,178$3,636$2,522$1,251
30 years$9,567$6,859$4,823$3,337$2,278$1,097
31 years$9,158$6,484$4,496$3,065$2,060$962
32 years$8,776$6,135$4,195$2,816$1,863$845
33 years$8,417$5,810$3,917$2,590$1,686$741
34 years$8,080$5,506$3,660$2,383$1,527$651
35 years$7,763$5,223$3,422$2,194$1,383$572
36 years$7,465$4,957$3,201$2,020$1,253$502
37 years$7,183$4,708$2,996$1,861$1,136$441
38 years$6,917$4,474$2,806$1,716$1,030$387
39 years$6,664$4,255$2,629$1,582$934$340
40 years$6,426$4,048$2,464$1,459$847$299
41 years$6,199$3,853$2,310$1,346$768$263
42 years$5,984$3,670$2,167$1,242$697$231
43 years$5,779$3,497$2,033$1,147$633$203
44 years$5,584$3,333$1,909$1,059$574$179
45 years$5,399$3,178$1,792$978$521$157
46 years$5,222$3,032$1,683$903$473$138
47 years$5,053$2,893$1,581$835$430$121
48 years$4,891$2,762$1,486$771$390$107
49 years$4,737$2,638$1,397$713$355$94
50 years$4,589$2,520$1,313$659$322$83

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 $3,738 every year, while hoping to spend $40,791 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: 44/44/12 Blend
54$4,700,000$4,700,000$4,700,000$4,700,000
55$5,183,256$4,934,156$4,861,306$5,393,293
56$5,668,547$5,132,528$4,980,758$5,738,306
57$6,201,970$5,339,253$5,102,845$6,107,606
58$6,788,392$5,554,698$5,227,612$6,506,964
59$7,433,175$5,779,245$5,355,104$6,939,162
60$8,142,225$6,013,294$5,485,366$7,407,255
61$8,922,050$6,257,264$5,618,444$7,914,597
62$9,779,822$6,511,593$5,754,384$8,464,873
63$10,723,439$6,776,736$5,893,231$9,062,129
64$11,761,606$7,053,173$6,035,031$9,710,814
65$12,903,915$7,341,403$6,179,829$10,415,813
66$14,160,931$7,641,949$6,327,671$11,182,498
67$15,544,299$7,955,357$6,478,601$12,016,772
68$17,066,848$8,282,200$6,632,664$12,925,125
69$18,742,713$8,623,074$6,789,905$13,914,693
70$20,587,470$8,978,605$6,950,367$14,993,323
71$22,618,282$9,349,447$7,114,094$16,169,642
72$24,854,059$9,736,282$7,281,129$17,453,143
73$27,315,641$10,139,828$7,451,514$18,854,265
74$30,025,987$10,560,830$7,625,291$20,384,490
75$33,010,400$11,000,073$7,802,501$22,056,455
76$36,296,758$11,458,374$7,983,182$23,884,060
77$39,915,783$11,936,590$8,167,374$25,882,600
78$43,901,326$12,435,615$8,355,114$28,068,909
79$48,290,689$12,956,389$8,546,438$30,461,510
80$53,124,978$13,499,890$8,741,382$33,080,792
81$58,449,486$14,067,145$8,939,979$35,949,194
82$64,314,125$14,659,227$9,142,260$39,091,418
83$70,773,895$15,277,259$9,348,255$42,534,654
84$77,889,404$15,922,416$9,557,993$46,308,834
85$85,727,436$16,595,928$9,771,499$50,446,914
86$94,361,588$17,299,081$9,988,797$54,985,175
87$103,872,956$18,033,222$10,209,908$59,963,563
88$114,350,907$18,799,760$10,434,850$65,426,065
89$125,893,922$19,600,170$10,663,640$71,421,114
90$138,610,520$20,435,996$10,896,289$78,002,043
91$152,620,286$21,308,853$11,132,808$85,227,584
92$168,055,001$22,220,432$11,373,203$93,162,416
93$185,059,880$23,172,503$11,617,475$101,877,769
94$203,794,951$24,166,919$11,865,623$111,452,091
95$224,436,556$25,205,618$12,117,641$121,971,783
96$247,179,022$26,290,631$12,373,520$133,532,005
97$272,236,493$27,424,082$12,633,243$146,237,572
98$299,844,950$28,608,197$12,896,792$160,203,929
99$330,264,440$29,845,304$13,164,139$175,558,241
100$363,781,531$31,137,841$13,435,255$192,440,581