Can I retire at age 55 with 5,000,000?

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 $5,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$412,895$409,217$405,629$402,127$398,707$384,867
2 years$204,404$200,597$196,907$193,330$189,860$176,060
3 years$134,915$131,092$127,412$123,869$120,455$107,128
4 years$100,178$96,367$92,723$89,240$85,910$73,157
5 years$79,341$75,553$71,957$68,545$65,307$53,163
6 years$65,455$61,694$58,152$54,816$51,675$40,149
7 years$55,539$51,811$48,325$45,067$42,026$31,116
8 years$48,106$44,411$40,983$37,806$34,865$24,562
9 years$42,328$38,668$35,299$32,202$29,361$19,652
10 years$37,708$34,084$30,774$27,759$25,017$15,886
11 years$33,931$30,343$27,093$24,158$21,515$12,944
12 years$30,785$27,234$24,044$21,190$18,645$10,613
13 years$28,126$24,612$21,482$18,708$16,259$8,745
14 years$25,848$22,371$19,302$16,607$14,252$7,235
15 years$23,876$20,437$17,427$14,810$12,549$6,005
16 years$22,152$18,750$15,800$13,261$11,091$4,998
17 years$20,632$17,268$14,377$11,915$9,834$4,168
18 years$19,283$15,957$13,125$10,738$8,744$3,483
19 years$18,077$14,789$12,015$9,702$7,793$2,914
20 years$16,993$13,742$11,027$8,787$6,961$2,442
21 years$16,014$12,800$10,143$7,975$6,230$2,048
22 years$15,125$11,949$9,348$7,251$5,584$1,719
23 years$14,314$11,175$8,631$6,604$5,012$1,444
24 years$13,572$10,471$7,982$6,023$4,505$1,214
25 years$12,891$9,826$7,393$5,501$4,054$1,021
26 years$12,263$9,235$6,857$5,029$3,652$859
27 years$11,682$8,691$6,367$4,604$3,292$723
28 years$11,144$8,190$5,919$4,218$2,971$608
29 years$10,644$7,726$5,508$3,868$2,683$512
30 years$10,178$7,296$5,131$3,550$2,424$431
31 years$9,743$6,898$4,783$3,260$2,191$363
32 years$9,336$6,526$4,463$2,996$1,982$306
33 years$8,954$6,181$4,167$2,755$1,794$258
34 years$8,596$5,858$3,893$2,535$1,624$217
35 years$8,259$5,556$3,640$2,334$1,471$183
36 years$7,941$5,274$3,405$2,149$1,333$154
37 years$7,641$5,009$3,187$1,980$1,208$130
38 years$7,358$4,760$2,985$1,825$1,095$110
39 years$7,090$4,526$2,796$1,683$993$92
40 years$6,836$4,306$2,621$1,552$901$78
41 years$6,595$4,099$2,458$1,432$817$66
42 years$6,366$3,904$2,305$1,322$742$55
43 years$6,148$3,720$2,163$1,220$673$47
44 years$5,941$3,546$2,031$1,127$611$39
45 years$5,743$3,381$1,907$1,040$555$33
46 years$5,555$3,225$1,791$961$504$28
47 years$5,375$3,078$1,682$888$457$24
48 years$5,203$2,938$1,581$820$415$20
49 years$5,039$2,806$1,486$758$377$17
50 years$4,882$2,680$1,397$701$343$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $5,000,000, adding $5,055 every year, while hoping to spend $39,228 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: 42/33/25 Blend
54$5,000,000$5,000,000$5,000,000$5,000,000
55$5,515,214$5,250,214$5,172,714$5,706,277
56$6,036,028$5,465,736$5,304,262$6,059,090
57$6,608,650$5,690,504$5,438,902$6,436,807
58$7,238,323$5,924,930$5,576,696$6,845,089
59$7,930,823$6,169,443$5,717,707$7,286,778
60$8,692,516$6,424,495$5,861,999$7,764,990
61$9,530,414$6,690,556$6,009,636$8,283,150
62$10,452,241$6,968,118$6,160,684$8,845,023
63$11,466,511$7,257,698$6,315,209$9,454,744
64$12,582,603$7,559,833$6,473,277$10,116,857
65$13,810,852$7,875,088$6,634,954$10,836,358
66$15,162,644$8,204,052$6,800,310$11,618,740
67$16,650,526$8,547,343$6,969,413$12,470,041
68$18,288,322$8,905,606$7,142,331$13,396,901
69$20,091,266$9,279,515$7,319,134$14,406,622
70$22,076,143$9,669,779$7,499,893$15,507,236
71$24,261,448$10,077,137$7,684,677$16,707,578
72$26,667,560$10,502,361$7,873,559$18,017,366
73$29,316,936$10,946,261$8,066,608$19,447,293
74$32,234,321$11,409,686$8,263,897$21,009,124
75$35,446,981$11,893,520$8,465,497$22,715,804
76$38,984,963$12,398,692$8,671,481$24,581,579
77$42,881,374$12,926,173$8,881,921$26,622,129
78$47,172,698$13,476,979$9,096,888$28,854,710
79$51,899,135$14,052,173$9,316,456$31,298,315
80$57,104,986$14,652,869$9,540,696$33,973,853
81$62,839,066$15,280,230$9,769,681$36,904,339
82$69,155,167$15,935,478$10,003,482$40,115,111
83$76,112,566$16,619,889$10,242,170$43,634,065
84$83,776,582$17,334,798$10,485,817$47,491,916
85$92,219,195$18,081,604$10,734,493$51,722,479
86$101,519,722$18,861,772$10,988,268$56,362,993
87$111,765,569$19,676,834$11,247,211$61,454,460
88$123,053,054$20,528,396$11,511,389$67,042,033
89$135,488,315$21,418,137$11,780,871$73,175,438
90$149,188,315$22,347,817$12,055,721$79,909,434
91$164,281,940$23,319,278$12,336,005$87,304,331
92$180,911,223$24,334,447$12,621,786$95,426,550
93$199,232,676$25,395,344$12,913,125$104,349,247
94$219,418,776$26,504,082$13,210,081$114,152,999
95$241,659,586$27,662,877$13,512,714$124,926,556
96$266,164,551$28,874,045$13,821,077$136,767,674
97$293,164,477$30,140,015$14,135,225$149,784,035
98$322,913,706$31,463,329$14,455,207$164,094,251
99$355,692,520$32,846,648$14,781,073$179,828,983
100$391,809,784$34,292,760$15,112,865$197,132,161