Can I retire at age 55 with 4,900,000?

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$404,637$401,033$397,517$394,084$390,733$376,719
2 years$200,316$196,585$192,969$189,464$186,063$172,097
3 years$132,217$128,470$124,864$121,391$118,046$104,565
4 years$98,175$94,439$90,869$87,456$84,192$71,299
5 years$77,754$74,042$70,518$67,174$64,001$51,731
6 years$64,145$60,461$56,989$53,720$50,642$39,004
7 years$54,429$50,775$47,358$44,166$41,185$30,176
8 years$47,144$43,523$40,163$37,050$34,167$23,777
9 years$41,482$37,895$34,593$31,558$28,774$18,990
10 years$36,954$33,402$30,159$27,203$24,517$15,322
11 years$33,252$29,736$26,551$23,675$21,085$12,460
12 years$30,170$26,690$23,564$20,766$18,272$10,196
13 years$27,563$24,120$21,053$18,334$15,934$8,384
14 years$25,331$21,924$18,916$16,274$13,967$6,922
15 years$23,398$20,028$17,078$14,514$12,298$5,733
16 years$21,709$18,375$15,484$12,996$10,869$4,761
17 years$20,220$16,923$14,090$11,676$9,637$3,962
18 years$18,897$15,638$12,862$10,523$8,569$3,303
19 years$17,716$14,493$11,775$9,508$7,638$2,758
20 years$16,654$13,467$10,806$8,612$6,822$2,305
21 years$15,694$12,544$9,940$7,816$6,105$1,929
22 years$14,822$11,710$9,161$7,106$5,472$1,615
23 years$14,028$10,952$8,459$6,472$4,912$1,354
24 years$13,301$10,261$7,823$5,903$4,415$1,135
25 years$12,633$9,630$7,245$5,391$3,973$952
26 years$12,017$9,050$6,720$4,929$3,579$799
27 years$11,448$8,517$6,240$4,512$3,227$671
28 years$10,921$8,026$5,801$4,134$2,911$563
29 years$10,431$7,571$5,398$3,791$2,629$473
30 years$9,974$7,150$5,028$3,479$2,375$398
31 years$9,548$6,760$4,688$3,195$2,148$334
32 years$9,149$6,396$4,374$2,936$1,943$281
33 years$8,775$6,057$4,084$2,700$1,758$236
34 years$8,424$5,741$3,816$2,484$1,592$198
35 years$8,094$5,445$3,567$2,287$1,442$167
36 years$7,782$5,168$3,337$2,106$1,306$140
37 years$7,489$4,908$3,123$1,941$1,184$118
38 years$7,211$4,665$2,925$1,789$1,073$99
39 years$6,948$4,436$2,740$1,649$973$83
40 years$6,699$4,220$2,569$1,521$883$70
41 years$6,463$4,017$2,408$1,404$801$59
42 years$6,238$3,826$2,259$1,295$727$50
43 years$6,025$3,645$2,120$1,196$660$42
44 years$5,822$3,475$1,990$1,104$599$35
45 years$5,628$3,314$1,869$1,020$544$29
46 years$5,444$3,161$1,755$942$493$25
47 years$5,268$3,017$1,649$870$448$21
48 years$5,099$2,880$1,549$804$407$18
49 years$4,938$2,750$1,456$743$370$15
50 years$4,784$2,627$1,369$687$336$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $4,900,000, adding $6,308 every year, while hoping to spend $23,845 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: 65/17/18 Blend
54$4,900,000$4,900,000$4,900,000$4,900,000
55$5,406,307$5,146,607$5,070,657$5,733,101
56$5,932,379$5,373,420$5,215,153$6,179,826
57$6,511,312$5,610,547$5,363,690$6,664,500
58$7,148,471$5,858,469$5,516,380$7,193,580
59$7,849,770$6,117,690$5,673,333$7,771,414
60$8,621,725$6,388,735$5,834,668$8,402,785
61$9,471,514$6,672,156$6,000,503$9,092,955
62$10,407,049$6,968,532$6,170,960$9,847,716
63$11,437,045$7,278,467$6,346,165$10,673,444
64$12,571,109$7,602,597$6,526,246$11,577,156
65$13,819,822$7,941,584$6,711,335$12,566,576
66$15,194,848$8,296,126$6,901,569$13,650,207
67$16,709,036$8,666,950$7,097,086$14,837,409
68$18,376,548$9,054,820$7,298,028$16,138,489
69$20,212,986$9,460,537$7,504,542$17,564,792
70$22,235,545$9,884,938$7,716,779$19,128,813
71$24,463,171$10,328,900$7,934,891$20,844,309
72$26,916,743$10,793,345$8,159,038$22,726,427
73$29,619,266$11,279,234$8,389,382$24,791,850
74$32,596,093$11,787,578$8,626,087$27,058,947
75$35,875,159$12,319,434$8,869,326$29,547,951
76$39,487,249$12,875,910$9,119,272$32,281,141
77$43,466,287$13,458,168$9,376,106$35,283,058
78$47,849,653$14,067,423$9,640,011$38,580,730
79$52,678,542$14,704,951$9,911,175$42,203,926
80$57,998,346$15,372,087$10,189,793$46,185,435
81$63,859,088$16,070,230$10,476,062$50,561,374
82$70,315,891$16,800,846$10,770,185$55,371,529
83$77,429,497$17,565,473$11,072,372$60,659,721
84$85,266,845$18,365,721$11,382,835$66,474,226
85$93,901,698$19,203,276$11,701,795$72,868,222
86$103,415,341$20,079,906$12,029,475$79,900,291
87$113,897,350$20,997,465$12,366,106$87,634,969
88$125,446,433$21,957,895$12,711,925$96,143,351
89$138,171,367$22,963,229$13,067,171$105,503,763
90$152,192,019$24,015,601$13,432,095$115,802,492
91$167,640,485$25,117,244$13,806,950$127,134,604
92$184,662,327$26,270,503$14,191,996$139,604,831
93$203,417,957$27,477,829$14,587,500$153,328,563
94$224,084,143$28,741,798$14,993,736$168,432,931
95$246,855,683$30,065,103$15,410,983$185,058,001
96$271,947,242$31,450,572$15,839,530$203,358,093
97$299,595,376$32,901,166$16,279,670$223,503,238
98$330,060,769$34,419,988$16,731,704$245,680,773
99$363,630,693$36,010,292$17,195,941$270,097,107
100$400,621,716$37,675,489$17,672,698$296,979,667