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%13.2%
1 years$412,895$409,217$405,629$402,127$398,707$393,399
2 years$204,404$200,597$196,907$193,330$189,860$184,521
3 years$134,915$131,092$127,412$123,869$120,455$115,250
4 years$100,178$96,367$92,723$89,240$85,910$80,880
5 years$79,341$75,553$71,957$68,545$65,307$60,467
6 years$65,455$61,694$58,152$54,816$51,675$47,030
7 years$55,539$51,811$48,325$45,067$42,026$37,577
8 years$48,106$44,411$40,983$37,806$34,865$30,613
9 years$42,328$38,668$35,299$32,202$29,361$25,303
10 years$37,708$34,084$30,774$27,759$25,017$21,151
11 years$33,931$30,343$27,093$24,158$21,515$17,837
12 years$30,785$27,234$24,044$21,190$18,645$15,151
13 years$28,126$24,612$21,482$18,708$16,259$12,944
14 years$25,848$22,371$19,302$16,607$14,252$11,111
15 years$23,876$20,437$17,427$14,810$12,549$9,577
16 years$22,152$18,750$15,800$13,261$11,091$8,282
17 years$20,632$17,268$14,377$11,915$9,834$7,183
18 years$19,283$15,957$13,125$10,738$8,744$6,244
19 years$18,077$14,789$12,015$9,702$7,793$5,440
20 years$16,993$13,742$11,027$8,787$6,961$4,748
21 years$16,014$12,800$10,143$7,975$6,230$4,150
22 years$15,125$11,949$9,348$7,251$5,584$3,632
23 years$14,314$11,175$8,631$6,604$5,012$3,183
24 years$13,572$10,471$7,982$6,023$4,505$2,791
25 years$12,891$9,826$7,393$5,501$4,054$2,451
26 years$12,263$9,235$6,857$5,029$3,652$2,153
27 years$11,682$8,691$6,367$4,604$3,292$1,893
28 years$11,144$8,190$5,919$4,218$2,971$1,665
29 years$10,644$7,726$5,508$3,868$2,683$1,465
30 years$10,178$7,296$5,131$3,550$2,424$1,290
31 years$9,743$6,898$4,783$3,260$2,191$1,137
32 years$9,336$6,526$4,463$2,996$1,982$1,001
33 years$8,954$6,181$4,167$2,755$1,794$883
34 years$8,596$5,858$3,893$2,535$1,624$778
35 years$8,259$5,556$3,640$2,334$1,471$686
36 years$7,941$5,274$3,405$2,149$1,333$605
37 years$7,641$5,009$3,187$1,980$1,208$534
38 years$7,358$4,760$2,985$1,825$1,095$471
39 years$7,090$4,526$2,796$1,683$993$416
40 years$6,836$4,306$2,621$1,552$901$367
41 years$6,595$4,099$2,458$1,432$817$324
42 years$6,366$3,904$2,305$1,322$742$286
43 years$6,148$3,720$2,163$1,220$673$252
44 years$5,941$3,546$2,031$1,127$611$223
45 years$5,743$3,381$1,907$1,040$555$197
46 years$5,555$3,225$1,791$961$504$174
47 years$5,375$3,078$1,682$888$457$153
48 years$5,203$2,938$1,581$820$415$135
49 years$5,039$2,806$1,486$758$377$120
50 years$4,882$2,680$1,397$701$343$106

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 $6,509 every year, while hoping to spend $41,770 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: 38/33/29 Blend
54$5,000,000$5,000,000$5,000,000$5,000,000
55$5,516,714$5,251,714$5,174,214$5,678,521
56$6,034,976$5,464,605$5,303,107$6,011,183
57$6,604,701$5,686,528$5,434,918$6,366,180
58$7,231,093$5,917,881$5,569,701$6,749,065
59$7,919,888$6,159,080$5,707,510$7,162,401
60$8,677,404$6,410,562$5,848,398$7,608,999
61$9,510,601$6,672,782$5,992,422$8,091,950
62$10,427,150$6,946,216$6,139,635$8,614,646
63$11,435,500$7,231,361$6,290,094$9,180,816
64$12,544,963$7,528,740$6,443,854$9,794,554
65$13,765,797$7,838,896$6,600,971$10,460,364
66$15,109,305$8,162,398$6,761,500$11,183,191
67$16,587,942$8,499,844$6,925,498$11,968,474
68$18,215,430$8,851,855$7,093,021$12,822,193
69$20,006,892$9,219,083$7,264,125$13,750,923
70$21,978,987$9,602,211$7,438,866$14,761,893
71$24,150,075$10,001,950$7,617,299$15,863,054
72$26,540,385$10,419,048$7,799,480$17,063,154
73$29,172,207$10,854,284$7,985,466$18,371,812
74$32,070,103$11,308,475$8,175,309$19,799,615
75$35,261,137$11,782,474$8,369,066$21,358,207
76$38,775,134$12,277,176$8,566,791$23,060,403
77$42,644,955$12,793,515$8,768,536$24,920,304
78$46,906,812$13,332,469$8,974,354$26,953,430
79$51,600,610$13,895,063$9,184,297$29,176,860
80$56,770,317$14,482,366$9,398,417$31,609,393
81$62,464,388$15,095,501$9,616,762$34,271,723
82$68,736,215$15,735,639$9,839,382$37,186,629
83$75,644,632$16,404,009$10,066,325$40,379,188
84$83,254,473$17,101,894$10,297,636$43,877,008
85$91,637,182$17,830,640$10,533,359$47,710,487
86$100,871,486$18,591,652$10,773,538$51,913,092
87$111,044,139$19,386,405$11,018,214$56,521,674
88$122,250,742$20,216,439$11,267,424$61,576,812
89$134,596,641$21,083,368$11,521,206$67,123,192
90$148,197,926$21,988,881$11,779,594$73,210,022
91$163,182,523$22,934,745$12,042,619$79,891,494
92$179,691,405$23,922,811$12,310,311$87,227,292
93$197,879,916$24,955,017$12,582,695$95,283,145
94$217,919,245$26,033,391$12,859,793$104,131,451
95$239,998,037$27,160,056$13,141,624$113,851,947
96$264,324,173$28,337,234$13,428,205$124,532,459
97$291,126,734$29,567,254$13,719,545$136,269,728
98$320,658,163$30,852,553$14,015,653$149,170,311
99$353,196,649$32,195,680$14,316,530$163,351,588
100$389,048,747$33,599,309$14,622,173$178,942,856