Can I retire at age 55 with 4,800,000?

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 $4,800,000?

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$396,380$392,849$389,404$386,042$382,759$370,803
2 years$196,227$192,573$189,031$185,597$182,266$170,328
3 years$129,519$125,849$122,316$118,914$115,637$104,090
4 years$96,171$92,512$89,014$85,671$82,473$71,406
5 years$76,168$72,531$69,079$65,803$62,695$52,138
6 years$62,836$59,227$55,826$52,623$49,608$39,570
7 years$53,318$49,738$46,392$43,265$40,345$30,825
8 years$46,182$42,635$39,344$36,294$33,470$24,461
9 years$40,635$37,121$33,887$30,914$28,187$19,680
10 years$36,200$32,721$29,543$26,648$24,016$15,999
11 years$32,574$29,129$26,009$23,192$20,655$13,112
12 years$29,554$26,145$23,083$20,342$17,899$10,816
13 years$27,001$23,627$20,623$17,959$15,608$8,967
14 years$24,814$21,477$18,530$15,942$13,682$7,465
15 years$22,921$19,619$16,730$14,218$12,047$6,236
16 years$21,266$18,000$15,168$12,730$10,647$5,223
17 years$19,807$16,578$13,802$11,438$9,440$4,385
18 years$18,512$15,318$12,600$10,308$8,394$3,689
19 years$17,354$14,197$11,534$9,314$7,482$3,108
20 years$16,314$13,193$10,586$8,436$6,683$2,622
21 years$15,373$12,288$9,737$7,656$5,980$2,214
22 years$14,520$11,471$8,974$6,961$5,361$1,872
23 years$13,742$10,728$8,286$6,340$4,812$1,583
24 years$13,029$10,052$7,663$5,782$4,325$1,340
25 years$12,375$9,433$7,098$5,281$3,892$1,135
26 years$11,772$8,866$6,583$4,828$3,506$962
27 years$11,215$8,344$6,113$4,419$3,161$816
28 years$10,698$7,862$5,682$4,049$2,852$692
29 years$10,218$7,417$5,288$3,713$2,575$587
30 years$9,771$7,005$4,926$3,408$2,327$498
31 years$9,353$6,622$4,592$3,130$2,104$423
32 years$8,962$6,265$4,284$2,876$1,903$359
33 years$8,596$5,933$4,000$2,645$1,722$304
34 years$8,252$5,624$3,738$2,434$1,559$258
35 years$7,928$5,334$3,494$2,240$1,412$219
36 years$7,624$5,063$3,269$2,063$1,280$186
37 years$7,336$4,808$3,060$1,901$1,160$158
38 years$7,064$4,570$2,865$1,752$1,051$134
39 years$6,806$4,345$2,684$1,616$953$114
40 years$6,562$4,134$2,516$1,490$865$97
41 years$6,331$3,935$2,359$1,375$785$82
42 years$6,111$3,748$2,213$1,269$712$70
43 years$5,902$3,571$2,077$1,171$646$59
44 years$5,703$3,404$1,949$1,082$586$50
45 years$5,513$3,246$1,830$999$532$43
46 years$5,333$3,096$1,719$923$483$36
47 years$5,160$2,955$1,615$852$439$31
48 years$4,995$2,821$1,518$788$399$26
49 years$4,837$2,694$1,427$728$362$22
50 years$4,686$2,573$1,341$673$329$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $4,800,000, adding $5,851 every year, while hoping to spend $58,138 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: 68/14/18 Blend
54$4,800,000$4,800,000$4,800,000$4,800,000
55$5,295,635$5,041,235$4,966,835$5,632,177
56$5,773,932$5,226,397$5,071,366$6,042,816
57$6,299,066$5,418,684$5,177,450$6,484,465
58$6,875,754$5,618,383$5,285,077$6,966,127
59$7,509,191$5,825,793$5,394,237$7,491,737
60$8,205,099$6,041,229$5,504,916$8,065,627
61$8,969,785$6,265,014$5,617,096$8,692,568
62$9,810,193$6,497,490$5,730,759$9,377,809
63$10,733,976$6,739,010$5,845,882$10,127,134
64$11,749,563$6,989,944$5,962,441$10,946,910
65$12,866,244$7,250,676$6,080,408$11,844,147
66$14,094,250$7,521,608$6,199,751$12,826,568
67$15,444,855$7,803,158$6,320,434$13,902,675
68$16,930,481$8,095,764$6,442,420$15,081,834
69$18,564,814$8,399,881$6,565,665$16,374,360
70$20,362,933$8,715,983$6,690,122$17,791,614
71$22,341,452$9,044,566$6,815,741$19,346,109
72$24,518,677$9,386,146$6,942,466$21,051,629
73$26,914,779$9,741,264$7,070,235$22,923,356
74$29,551,981$10,110,481$7,198,983$24,978,016
75$32,454,773$10,494,385$7,328,639$27,234,033
76$35,650,138$10,893,587$7,459,125$29,711,701
77$39,167,806$11,308,727$7,590,360$32,433,380
78$43,040,539$11,740,471$7,722,254$35,423,701
79$47,304,436$12,189,516$7,854,712$38,709,799
80$51,999,273$12,656,588$7,987,630$42,321,571
81$57,168,883$13,142,444$8,120,899$46,291,952
82$62,861,561$13,647,877$8,254,401$50,657,229
83$69,130,529$14,173,711$8,388,012$55,457,381
84$76,034,429$14,720,809$8,521,597$60,736,456
85$83,637,884$15,290,072$8,655,014$66,542,984
86$92,012,102$15,882,439$8,788,110$72,930,436
87$101,235,549$16,498,891$8,920,724$79,957,727
88$111,394,691$17,140,453$9,052,685$87,689,770
89$122,584,809$17,808,194$9,183,809$96,198,086
90$134,910,896$18,503,233$9,313,904$105,561,484
91$148,488,652$19,226,735$9,442,763$115,866,796
92$163,445,568$19,979,919$9,570,170$127,209,700
93$179,922,140$20,764,059$9,695,894$139,695,620
94$198,073,182$21,580,482$9,819,691$153,440,720
95$218,069,300$22,430,578$9,941,303$168,573,000
96$240,098,489$23,315,798$10,060,458$185,233,500
97$264,367,919$24,237,656$10,176,867$203,577,634
98$291,105,881$25,197,735$10,290,227$223,776,651
99$320,563,948$26,197,691$10,400,216$246,019,252
100$353,019,342$27,239,250$10,506,495$270,513,369