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%12.8%
1 years$412,895$409,217$405,629$402,127$398,707$394,052
2 years$204,404$200,597$196,907$193,330$189,860$185,175
3 years$134,915$131,092$127,412$123,869$120,455$115,884
4 years$100,178$96,367$92,723$89,240$85,910$81,489
5 years$79,341$75,553$71,957$68,545$65,307$61,050
6 years$65,455$61,694$58,152$54,816$51,675$47,586
7 years$55,539$51,811$48,325$45,067$42,026$38,107
8 years$48,106$44,411$40,983$37,806$34,865$31,115
9 years$42,328$38,668$35,299$32,202$29,361$25,780
10 years$37,708$34,084$30,774$27,759$25,017$21,601
11 years$33,931$30,343$27,093$24,158$21,515$18,263
12 years$30,785$27,234$24,044$21,190$18,645$15,551
13 years$28,126$24,612$21,482$18,708$16,259$13,321
14 years$25,848$22,371$19,302$16,607$14,252$11,465
15 years$23,876$20,437$17,427$14,810$12,549$9,909
16 years$22,152$18,750$15,800$13,261$11,091$8,593
17 years$20,632$17,268$14,377$11,915$9,834$7,473
18 years$19,283$15,957$13,125$10,738$8,744$6,516
19 years$18,077$14,789$12,015$9,702$7,793$5,693
20 years$16,993$13,742$11,027$8,787$6,961$4,983
21 years$16,014$12,800$10,143$7,975$6,230$4,369
22 years$15,125$11,949$9,348$7,251$5,584$3,835
23 years$14,314$11,175$8,631$6,604$5,012$3,371
24 years$13,572$10,471$7,982$6,023$4,505$2,966
25 years$12,891$9,826$7,393$5,501$4,054$2,612
26 years$12,263$9,235$6,857$5,029$3,652$2,302
27 years$11,682$8,691$6,367$4,604$3,292$2,030
28 years$11,144$8,190$5,919$4,218$2,971$1,792
29 years$10,644$7,726$5,508$3,868$2,683$1,582
30 years$10,178$7,296$5,131$3,550$2,424$1,398
31 years$9,743$6,898$4,783$3,260$2,191$1,235
32 years$9,336$6,526$4,463$2,996$1,982$1,092
33 years$8,954$6,181$4,167$2,755$1,794$966
34 years$8,596$5,858$3,893$2,535$1,624$854
35 years$8,259$5,556$3,640$2,334$1,471$756
36 years$7,941$5,274$3,405$2,149$1,333$669
37 years$7,641$5,009$3,187$1,980$1,208$592
38 years$7,358$4,760$2,985$1,825$1,095$524
39 years$7,090$4,526$2,796$1,683$993$464
40 years$6,836$4,306$2,621$1,552$901$411
41 years$6,595$4,099$2,458$1,432$817$364
42 years$6,366$3,904$2,305$1,322$742$323
43 years$6,148$3,720$2,163$1,220$673$286
44 years$5,941$3,546$2,031$1,127$611$253
45 years$5,743$3,381$1,907$1,040$555$224
46 years$5,555$3,225$1,791$961$504$199
47 years$5,375$3,078$1,682$888$457$176
48 years$5,203$2,938$1,581$820$415$156
49 years$5,039$2,806$1,486$758$377$138
50 years$4,882$2,680$1,397$701$343$123

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 $6,614 every year, while hoping to spend $57,712 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: 53/41/6 Blend
54$5,000,000$5,000,000$5,000,000$5,000,000
55$5,516,822$5,251,822$5,174,322$5,801,252
56$6,018,133$5,447,757$5,286,257$6,190,454
57$6,568,643$5,651,357$5,400,007$6,606,752
58$7,173,310$5,862,939$5,515,573$7,058,232
59$7,837,595$6,082,831$5,632,952$7,548,223
60$8,567,515$6,311,374$5,752,140$8,080,386
61$9,369,696$6,548,926$5,873,132$8,658,746
62$10,251,441$6,795,859$5,995,918$9,287,728
63$11,220,794$7,052,563$6,120,487$9,972,196
64$12,286,618$7,319,441$6,246,827$10,717,500
65$13,458,677$7,596,918$6,374,919$11,529,524
66$14,747,729$7,885,434$6,504,746$12,414,741
67$16,165,627$8,185,449$6,636,284$13,380,270
68$17,725,430$8,497,445$6,769,509$14,433,943
69$19,441,526$8,821,922$6,904,389$15,584,378
70$21,329,769$9,159,404$7,040,894$16,841,058
71$23,407,627$9,510,436$7,178,986$18,214,418
72$25,694,346$9,875,589$7,318,623$19,715,941
73$28,211,134$10,255,457$7,459,761$21,358,268
74$30,981,357$10,650,662$7,602,351$23,155,309
75$34,030,763$11,061,852$7,746,337$25,122,380
76$37,387,721$11,489,703$7,891,659$27,276,336
77$41,083,492$11,934,922$8,038,253$29,635,736
78$45,152,521$12,398,246$8,186,048$32,221,013
79$49,632,765$12,880,447$8,334,968$35,054,660
80$54,566,047$13,382,329$8,484,929$38,161,446
81$59,998,451$13,904,730$8,635,841$41,568,644
82$65,980,761$14,448,530$8,787,610$45,306,286
83$72,568,934$15,014,643$8,940,130$49,407,441
84$79,824,632$15,604,027$9,093,291$53,908,530
85$87,815,802$16,217,682$9,246,974$58,849,661
86$96,617,316$16,856,651$9,401,050$64,275,004
87$106,311,680$17,522,025$9,555,383$70,233,208
88$116,989,811$18,214,943$9,709,828$76,777,857
89$128,751,892$18,936,596$9,864,228$83,967,966
90$141,708,323$19,688,228$10,018,417$91,868,539
91$155,980,758$20,471,137$10,172,220$100,551,179
92$171,703,254$21,286,681$10,325,448$110,094,755
93$189,023,537$22,136,279$10,477,902$120,586,147
94$208,104,396$23,021,415$10,629,369$132,121,058
95$229,125,216$23,943,636$10,779,625$144,804,912
96$252,283,676$24,904,562$10,928,431$158,753,849
97$277,797,612$25,905,886$11,075,533$174,095,809
98$305,907,070$26,949,377$11,220,666$190,971,739
99$336,876,577$28,036,883$11,363,544$209,536,916
100$370,997,635$29,170,336$11,503,869$229,962,409