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%20%
1 years$404,637$401,033$397,517$394,084$390,733$375,082
2 years$200,316$196,585$192,969$189,464$186,063$170,492
3 years$132,217$128,470$124,864$121,391$118,046$103,045
4 years$98,175$94,439$90,869$87,456$84,192$69,874
5 years$77,754$74,042$70,518$67,174$64,001$50,403
6 years$64,145$60,461$56,989$53,720$50,642$37,773
7 years$54,429$50,775$47,358$44,166$41,185$29,040
8 years$47,144$43,523$40,163$37,050$34,167$22,734
9 years$41,482$37,895$34,593$31,558$28,774$18,034
10 years$36,954$33,402$30,159$27,203$24,517$14,449
11 years$33,252$29,736$26,551$23,675$21,085$11,666
12 years$30,170$26,690$23,564$20,766$18,272$9,476
13 years$27,563$24,120$21,053$18,334$15,934$7,734
14 years$25,331$21,924$18,916$16,274$13,967$6,336
15 years$23,398$20,028$17,078$14,514$12,298$5,207
16 years$21,709$18,375$15,484$12,996$10,869$4,289
17 years$20,220$16,923$14,090$11,676$9,637$3,541
18 years$18,897$15,638$12,862$10,523$8,569$2,928
19 years$17,716$14,493$11,775$9,508$7,638$2,424
20 years$16,654$13,467$10,806$8,612$6,822$2,009
21 years$15,694$12,544$9,940$7,816$6,105$1,667
22 years$14,822$11,710$9,161$7,106$5,472$1,384
23 years$14,028$10,952$8,459$6,472$4,912$1,150
24 years$13,301$10,261$7,823$5,903$4,415$956
25 years$12,633$9,630$7,245$5,391$3,973$795
26 years$12,017$9,050$6,720$4,929$3,579$661
27 years$11,448$8,517$6,240$4,512$3,227$550
28 years$10,921$8,026$5,801$4,134$2,911$458
29 years$10,431$7,571$5,398$3,791$2,629$381
30 years$9,974$7,150$5,028$3,479$2,375$317
31 years$9,548$6,760$4,688$3,195$2,148$264
32 years$9,149$6,396$4,374$2,936$1,943$220
33 years$8,775$6,057$4,084$2,700$1,758$183
34 years$8,424$5,741$3,816$2,484$1,592$153
35 years$8,094$5,445$3,567$2,287$1,442$127
36 years$7,782$5,168$3,337$2,106$1,306$106
37 years$7,489$4,908$3,123$1,941$1,184$88
38 years$7,211$4,665$2,925$1,789$1,073$74
39 years$6,948$4,436$2,740$1,649$973$61
40 years$6,699$4,220$2,569$1,521$883$51
41 years$6,463$4,017$2,408$1,404$801$43
42 years$6,238$3,826$2,259$1,295$727$35
43 years$6,025$3,645$2,120$1,196$660$30
44 years$5,822$3,475$1,990$1,104$599$25
45 years$5,628$3,314$1,869$1,020$544$21
46 years$5,444$3,161$1,755$942$493$17
47 years$5,268$3,017$1,649$870$448$14
48 years$5,099$2,880$1,549$804$407$12
49 years$4,938$2,750$1,456$743$370$10
50 years$4,784$2,627$1,369$687$336$8

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 $3,380 every year, while hoping to spend $55,202 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: 66/7/27 Blend
54$4,900,000$4,900,000$4,900,000$4,900,000
55$5,403,286$5,143,586$5,067,636$5,721,432
56$5,895,687$5,336,888$5,178,668$6,129,707
57$6,436,463$5,537,811$5,291,569$6,569,430
58$7,030,489$5,746,670$5,406,343$7,048,993
59$7,683,137$5,963,795$5,522,994$7,572,328
60$8,400,325$6,189,529$5,641,522$8,143,766
61$9,188,571$6,424,230$5,761,926$8,768,073
62$10,055,059$6,668,270$5,884,204$9,450,499
63$11,007,699$6,922,039$6,008,349$10,196,828
64$12,055,210$7,185,945$6,134,354$11,013,427
65$13,207,196$7,460,411$6,262,210$11,907,310
66$14,474,238$7,745,880$6,391,902$12,886,202
67$15,867,996$8,042,813$6,523,417$13,958,614
68$17,401,316$8,351,695$6,656,735$15,133,918
69$19,088,349$8,673,027$6,791,835$16,422,440
70$20,944,691$9,007,335$6,928,691$17,835,553
71$22,987,523$9,355,169$7,067,277$19,385,787
72$25,235,779$9,717,100$7,207,558$21,086,944
73$27,710,317$10,093,727$7,349,501$22,954,232
74$30,434,124$10,485,675$7,493,064$25,004,403
75$33,432,526$10,893,594$7,638,203$27,255,912
76$36,733,430$11,318,166$7,784,868$29,729,095
77$40,367,586$11,760,102$7,933,007$32,446,352
78$44,368,877$12,220,144$8,082,560$35,432,367
79$48,774,639$12,699,068$8,233,463$38,714,334
80$53,626,013$13,197,684$8,385,645$42,322,216
81$58,968,333$13,716,837$8,539,031$46,289,026
82$64,851,552$14,257,411$8,693,538$50,651,138
83$71,330,716$14,820,330$8,849,077$55,448,632
84$78,466,480$15,406,557$9,005,552$60,725,667
85$86,325,683$16,017,100$9,162,860$66,530,902
86$94,981,977$16,653,012$9,320,890$72,917,953
87$104,516,522$17,315,393$9,479,522$79,945,897
88$115,018,751$18,005,391$9,638,630$87,679,829
89$126,587,216$18,724,208$9,798,077$96,191,479
90$139,330,516$19,473,098$9,957,717$105,559,885
91$153,368,322$20,253,373$10,117,393$115,872,138
92$168,832,506$21,066,404$10,276,941$127,224,207
93$185,868,386$21,913,622$10,436,183$139,721,842
94$204,636,098$22,796,525$10,594,932$153,481,568
95$225,312,103$23,716,679$10,752,985$168,631,791
96$248,090,860$24,675,718$10,910,133$185,314,005
97$273,186,653$25,675,354$11,066,147$203,684,126
98$300,835,618$26,717,373$11,220,790$223,913,965
99$331,297,972$27,803,644$11,373,807$246,192,851
100$364,860,465$28,936,123$11,524,929$270,729,411