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%15.1%
1 years$396,380$392,849$389,404$386,042$382,759$374,724
2 years$196,227$192,573$189,031$185,597$182,266$174,209
3 years$129,519$125,849$122,316$118,914$115,637$107,809
4 years$96,171$92,512$89,014$85,671$82,473$74,935
5 years$76,168$72,531$69,079$65,803$62,695$55,467
6 years$62,836$59,227$55,826$52,623$49,608$42,699
7 years$53,318$49,738$46,392$43,265$40,345$33,756
8 years$46,182$42,635$39,344$36,294$33,470$27,199
9 years$40,635$37,121$33,887$30,914$28,187$22,229
10 years$36,200$32,721$29,543$26,648$24,016$18,366
11 years$32,574$29,129$26,009$23,192$20,655$15,305
12 years$29,554$26,145$23,083$20,342$17,899$12,841
13 years$27,001$23,627$20,623$17,959$15,608$10,834
14 years$24,814$21,477$18,530$15,942$13,682$9,182
15 years$22,921$19,619$16,730$14,218$12,047$7,811
16 years$21,266$18,000$15,168$12,730$10,647$6,666
17 years$19,807$16,578$13,802$11,438$9,440$5,703
18 years$18,512$15,318$12,600$10,308$8,394$4,890
19 years$17,354$14,197$11,534$9,314$7,482$4,201
20 years$16,314$13,193$10,586$8,436$6,683$3,615
21 years$15,373$12,288$9,737$7,656$5,980$3,114
22 years$14,520$11,471$8,974$6,961$5,361$2,686
23 years$13,742$10,728$8,286$6,340$4,812$2,320
24 years$13,029$10,052$7,663$5,782$4,325$2,004
25 years$12,375$9,433$7,098$5,281$3,892$1,733
26 years$11,772$8,866$6,583$4,828$3,506$1,500
27 years$11,215$8,344$6,113$4,419$3,161$1,299
28 years$10,698$7,862$5,682$4,049$2,852$1,125
29 years$10,218$7,417$5,288$3,713$2,575$975
30 years$9,771$7,005$4,926$3,408$2,327$845
31 years$9,353$6,622$4,592$3,130$2,104$733
32 years$8,962$6,265$4,284$2,876$1,903$636
33 years$8,596$5,933$4,000$2,645$1,722$551
34 years$8,252$5,624$3,738$2,434$1,559$478
35 years$7,928$5,334$3,494$2,240$1,412$415
36 years$7,624$5,063$3,269$2,063$1,280$360
37 years$7,336$4,808$3,060$1,901$1,160$313
38 years$7,064$4,570$2,865$1,752$1,051$272
39 years$6,806$4,345$2,684$1,616$953$236
40 years$6,562$4,134$2,516$1,490$865$205
41 years$6,331$3,935$2,359$1,375$785$178
42 years$6,111$3,748$2,213$1,269$712$154
43 years$5,902$3,571$2,077$1,171$646$134
44 years$5,703$3,404$1,949$1,082$586$116
45 years$5,513$3,246$1,830$999$532$101
46 years$5,333$3,096$1,719$923$483$88
47 years$5,160$2,955$1,615$852$439$76
48 years$4,995$2,821$1,518$788$399$66
49 years$4,837$2,694$1,427$728$362$58
50 years$4,686$2,573$1,341$673$329$50

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 $4,803 every year, while hoping to spend $51,953 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: 67/14/19 Blend
54$4,800,000$4,800,000$4,800,000$4,800,000
55$5,294,554$5,040,154$4,965,754$5,624,075
56$5,779,321$5,231,844$5,076,829$6,036,873
57$6,311,793$5,431,186$5,189,884$6,481,636
58$6,896,781$5,638,499$5,304,931$6,966,739
59$7,539,585$5,854,118$5,421,978$7,496,148
60$8,246,044$6,078,391$5,541,036$8,074,227
61$9,022,591$6,311,682$5,662,111$8,705,779
62$9,876,312$6,554,372$5,785,208$9,396,095
63$10,815,015$6,806,855$5,910,332$10,150,998
64$11,847,303$7,069,547$6,037,484$10,976,900
65$12,982,652$7,342,879$6,166,664$11,880,864
66$14,231,505$7,627,303$6,297,870$12,870,665
67$15,605,367$7,923,289$6,431,097$13,954,865
68$17,116,914$8,231,329$6,566,338$15,142,895
69$18,780,111$8,551,937$6,703,583$16,445,142
70$20,610,349$8,885,649$6,842,820$17,873,042
71$22,624,584$9,233,024$6,984,033$19,439,196
72$24,841,497$9,594,648$7,127,204$21,157,480
73$27,281,676$9,971,132$7,272,311$23,043,180
74$29,967,803$10,363,114$7,419,330$25,113,131
75$32,924,872$10,771,259$7,568,230$27,385,880
76$36,180,423$11,196,265$7,718,980$29,881,858
77$39,764,802$11,638,858$7,871,542$32,623,570
78$43,711,449$12,099,799$8,025,875$35,635,809
79$48,057,208$12,579,881$8,181,934$38,945,887
80$52,842,682$13,079,933$8,339,667$42,583,894
81$58,112,608$13,600,822$8,499,018$46,582,979
82$63,916,286$14,143,454$8,659,927$50,979,663
83$70,308,039$14,708,776$8,822,327$55,814,181
84$77,347,728$15,297,775$8,986,144$61,130,861
85$85,101,316$15,911,485$9,151,299$66,978,544
86$93,641,489$16,550,987$9,317,707$73,411,039
87$103,048,346$17,217,410$9,485,275$80,487,633
88$113,410,147$17,911,933$9,653,901$88,273,647
89$124,824,155$18,635,791$9,823,480$96,841,053
90$137,397,545$19,390,271$9,993,893$106,269,152
91$151,248,424$20,176,724$10,165,017$116,645,318
92$166,506,936$20,996,556$10,336,719$128,065,826
93$183,316,499$21,851,243$10,508,854$140,636,752
94$201,835,151$22,742,323$10,681,270$154,474,982
95$222,237,048$23,671,408$10,853,804$169,709,305
96$244,714,101$24,640,182$11,026,281$186,481,631
97$269,477,794$25,650,405$11,198,515$204,948,329
98$296,761,173$26,703,919$11,370,310$225,281,699
99$326,821,051$27,802,649$11,541,454$247,671,598
100$359,940,429$28,948,610$11,711,723$272,327,230