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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.6%
1 years$404,637$401,033$397,517$394,084$390,733$383,314
2 years$200,316$196,585$192,969$189,464$186,063$178,618
3 years$132,217$128,470$124,864$121,391$118,046$110,806
4 years$98,175$94,439$90,869$87,456$84,192$77,213
5 years$77,754$74,042$70,518$67,174$64,001$57,304
6 years$64,145$60,461$56,989$53,720$50,642$44,233
7 years$54,429$50,775$47,358$44,166$41,185$35,067
8 years$47,144$43,523$40,163$37,050$34,167$28,337
9 years$41,482$37,895$34,593$31,558$28,774$23,229
10 years$36,954$33,402$30,159$27,203$24,517$19,251
11 years$33,252$29,736$26,551$23,675$21,085$16,093
12 years$30,170$26,690$23,564$20,766$18,272$13,547
13 years$27,563$24,120$21,053$18,334$15,934$11,467
14 years$25,331$21,924$18,916$16,274$13,967$9,752
15 years$23,398$20,028$17,078$14,514$12,298$8,325
16 years$21,709$18,375$15,484$12,996$10,869$7,129
17 years$20,220$16,923$14,090$11,676$9,637$6,121
18 years$18,897$15,638$12,862$10,523$8,569$5,268
19 years$17,716$14,493$11,775$9,508$7,638$4,542
20 years$16,654$13,467$10,806$8,612$6,822$3,923
21 years$15,694$12,544$9,940$7,816$6,105$3,393
22 years$14,822$11,710$9,161$7,106$5,472$2,938
23 years$14,028$10,952$8,459$6,472$4,912$2,547
24 years$13,301$10,261$7,823$5,903$4,415$2,209
25 years$12,633$9,630$7,245$5,391$3,973$1,918
26 years$12,017$9,050$6,720$4,929$3,579$1,667
27 years$11,448$8,517$6,240$4,512$3,227$1,449
28 years$10,921$8,026$5,801$4,134$2,911$1,260
29 years$10,431$7,571$5,398$3,791$2,629$1,096
30 years$9,974$7,150$5,028$3,479$2,375$954
31 years$9,548$6,760$4,688$3,195$2,148$831
32 years$9,149$6,396$4,374$2,936$1,943$724
33 years$8,775$6,057$4,084$2,700$1,758$630
34 years$8,424$5,741$3,816$2,484$1,592$549
35 years$8,094$5,445$3,567$2,287$1,442$479
36 years$7,782$5,168$3,337$2,106$1,306$417
37 years$7,489$4,908$3,123$1,941$1,184$364
38 years$7,211$4,665$2,925$1,789$1,073$317
39 years$6,948$4,436$2,740$1,649$973$277
40 years$6,699$4,220$2,569$1,521$883$241
41 years$6,463$4,017$2,408$1,404$801$210
42 years$6,238$3,826$2,259$1,295$727$183
43 years$6,025$3,645$2,120$1,196$660$160
44 years$5,822$3,475$1,990$1,104$599$140
45 years$5,628$3,314$1,869$1,020$544$122
46 years$5,444$3,161$1,755$942$493$106
47 years$5,268$3,017$1,649$870$448$93
48 years$5,099$2,880$1,549$804$407$81
49 years$4,938$2,750$1,456$743$370$71
50 years$4,784$2,627$1,369$687$336$62

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 $3,450 every year, while hoping to spend $33,758 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: 39/50/11 Blend
54$4,900,000$4,900,000$4,900,000$4,900,000
55$5,403,359$5,143,659$5,067,709$5,595,985
56$5,918,583$5,359,780$5,201,559$5,948,673
57$6,485,229$5,585,359$5,338,761$6,326,198
58$7,108,505$5,820,825$5,479,393$6,733,638
59$7,794,152$6,066,625$5,623,532$7,173,706
60$8,548,494$6,323,227$5,771,258$7,649,373
61$9,378,497$6,591,122$5,922,652$8,163,901
62$10,291,839$6,870,823$6,077,796$8,720,868
63$11,296,979$7,162,866$6,236,775$9,324,200
64$12,403,238$7,467,813$6,399,674$9,978,208
65$13,620,886$7,786,253$6,566,581$10,687,623
66$14,961,237$8,118,801$6,737,582$11,457,643
67$16,436,762$8,466,101$6,912,770$12,293,973
68$18,061,199$8,828,827$7,092,235$13,202,884
69$19,849,686$9,207,684$7,276,070$14,191,262
70$21,818,907$9,603,413$7,464,370$15,266,675
71$23,987,241$10,016,786$7,657,232$16,437,440
72$26,374,943$10,448,613$7,854,754$17,712,698
73$29,004,333$10,899,740$8,057,033$19,102,496
74$31,900,003$11,371,056$8,264,173$20,617,881
75$35,089,055$11,863,489$8,476,274$22,271,000
76$38,601,351$12,378,012$8,693,441$24,075,209
77$42,469,796$12,915,642$8,915,779$26,045,196
78$46,730,653$13,477,447$9,143,395$28,197,118
79$51,423,880$14,064,541$9,376,399$30,548,744
80$56,593,506$14,678,094$9,614,898$33,119,626
81$62,288,052$15,319,329$9,859,006$35,931,269
82$68,560,985$15,989,529$10,108,835$39,007,339
83$75,471,224$16,690,033$10,364,499$42,373,873
84$83,083,692$17,422,249$10,626,114$46,059,526
85$91,469,937$18,187,647$10,893,796$50,095,832
86$100,708,797$18,987,768$11,167,665$54,517,497
87$110,887,152$19,824,226$11,447,839$59,362,719
88$122,100,740$20,698,712$11,734,440$64,673,546
89$134,455,061$21,612,995$12,027,590$70,496,262
90$148,066,375$22,568,929$12,327,412$76,881,819
91$163,062,795$23,568,456$12,634,030$83,886,311
92$179,585,500$24,613,610$12,947,570$91,571,495
93$197,790,065$25,706,522$13,268,157$100,005,366
94$217,847,931$26,849,421$13,595,921$109,262,790
95$239,948,024$28,044,646$13,930,987$119,426,205
96$264,298,533$29,294,644$14,273,486$130,586,386
97$291,128,882$30,601,980$14,623,546$142,843,294
98$320,691,891$31,969,341$14,981,298$156,307,010
99$353,266,165$33,399,540$15,346,873$171,098,764
100$389,158,722$34,895,525$15,720,401$187,352,067