Can I retire at age 55 with 5,100,000?

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 $5,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$421,153$417,402$413,742$410,169$406,681$390,700
2 years$208,492$204,609$200,846$197,197$193,658$177,752
3 years$137,614$133,714$129,960$126,346$122,864$107,536
4 years$102,182$98,294$94,578$91,025$87,628$72,993
5 years$80,928$77,064$73,396$69,916$66,613$52,709
6 years$66,764$62,928$59,315$55,912$52,709$39,544
7 years$56,650$52,847$49,291$45,969$42,866$30,437
8 years$49,068$45,300$41,803$38,562$35,562$23,855
9 years$43,175$39,442$36,005$32,846$29,948$18,947
10 years$38,462$34,766$31,390$28,314$25,517$15,200
11 years$34,610$30,950$27,635$24,641$21,946$12,289
12 years$31,401$27,779$24,525$21,614$19,018$9,995
13 years$28,688$25,104$21,912$19,082$16,584$8,169
14 years$26,365$22,819$19,688$16,939$14,537$6,702
15 years$24,353$20,846$17,775$15,106$12,800$5,515
16 years$22,595$19,125$16,116$13,526$11,312$4,550
17 years$21,045$17,614$14,665$12,153$10,030$3,762
18 years$19,669$16,276$13,387$10,952$8,919$3,115
19 years$18,439$15,084$12,255$9,896$7,949$2,583
20 years$17,333$14,017$11,247$8,963$7,101$2,144
21 years$16,334$13,056$10,345$8,135$6,354$1,782
22 years$15,427$12,188$9,535$7,396$5,696$1,481
23 years$14,601$11,399$8,804$6,736$5,113$1,233
24 years$13,844$10,680$8,142$6,144$4,595$1,026
25 years$13,149$10,023$7,541$5,611$4,135$855
26 years$12,508$9,420$6,994$5,130$3,725$712
27 years$11,916$8,865$6,495$4,696$3,358$594
28 years$11,367$8,353$6,038$4,302$3,030$495
29 years$10,857$7,881$5,618$3,945$2,736$413
30 years$10,381$7,442$5,233$3,621$2,472$344
31 years$9,938$7,035$4,879$3,325$2,235$287
32 years$9,523$6,657$4,552$3,056$2,022$239
33 years$9,133$6,304$4,250$2,810$1,830$200
34 years$8,768$5,975$3,971$2,586$1,657$167
35 years$8,424$5,667$3,713$2,380$1,501$139
36 years$8,100$5,379$3,473$2,192$1,360$116
37 years$7,794$5,109$3,251$2,020$1,232$97
38 years$7,505$4,855$3,044$1,862$1,117$81
39 years$7,232$4,617$2,852$1,717$1,013$67
40 years$6,973$4,393$2,673$1,583$919$56
41 years$6,727$4,181$2,507$1,461$834$47
42 years$6,493$3,982$2,351$1,348$756$39
43 years$6,271$3,794$2,207$1,245$686$33
44 years$6,060$3,617$2,071$1,149$623$27
45 years$5,858$3,449$1,945$1,061$566$23
46 years$5,666$3,290$1,827$980$514$19
47 years$5,483$3,140$1,716$906$466$16
48 years$5,307$2,997$1,613$837$424$13
49 years$5,140$2,862$1,516$773$385$11
50 years$4,979$2,734$1,425$715$349$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $5,100,000, adding $6,589 every year, while hoping to spend $34,002 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: 43/48/9 Blend
54$5,100,000$5,100,000$5,100,000$5,100,000
55$5,626,997$5,356,697$5,277,647$5,854,034
56$6,164,772$5,582,997$5,418,270$6,238,917
57$6,756,262$5,819,246$5,562,464$6,651,649
58$7,406,907$6,065,896$5,710,314$7,097,992
59$8,122,706$6,323,420$5,861,904$7,581,034
60$8,910,266$6,592,311$6,017,322$8,104,164
61$9,776,867$6,873,088$6,176,656$8,671,099
62$10,730,530$7,166,292$6,339,996$9,285,923
63$11,780,095$7,472,491$6,507,436$9,953,118
64$12,935,299$7,792,277$6,679,070$10,677,606
65$14,206,873$8,126,272$6,854,993$11,464,793
66$15,606,641$8,475,127$7,035,302$12,320,620
67$17,147,632$8,839,522$7,220,098$13,251,612
68$18,844,201$9,220,168$7,409,482$14,264,940
69$20,712,166$9,617,814$7,603,556$15,368,485
70$22,768,959$10,033,238$7,802,427$16,570,909
71$25,033,784$10,467,259$8,006,200$17,881,735
72$27,527,808$10,920,732$8,214,985$19,311,434
73$30,274,350$11,394,554$8,428,893$20,871,517
74$33,299,109$11,889,662$8,648,036$22,574,646
75$36,630,401$12,407,038$8,872,529$24,434,743
76$40,299,431$12,947,712$9,102,487$26,467,124
77$44,340,583$13,512,760$9,338,031$28,688,635
78$48,791,747$14,103,310$9,579,279$31,117,811
79$53,694,675$14,720,542$9,826,354$33,775,041
80$59,095,376$15,365,692$10,079,381$36,682,763
81$65,044,549$16,040,056$10,338,485$39,865,663
82$71,598,063$16,744,989$10,603,795$43,350,911
83$78,817,484$17,481,912$10,875,441$47,168,408
84$86,770,653$18,252,311$11,153,553$51,351,062
85$95,532,329$19,057,743$11,438,267$55,935,095
86$105,184,895$19,899,841$11,729,717$60,960,379
87$115,819,132$20,780,312$12,028,041$66,470,806
88$127,535,082$21,700,945$12,333,378$72,514,694
89$140,442,984$22,663,615$12,645,870$79,145,239
90$154,664,321$23,670,285$12,965,659$86,421,008
91$170,332,963$24,723,010$13,292,890$94,406,486
92$187,596,432$25,823,944$13,627,708$103,172,677
93$206,617,294$26,975,344$13,970,263$112,797,763
94$227,574,694$28,179,572$14,320,703$123,367,839
95$250,666,046$29,439,104$14,679,179$134,977,710
96$276,108,895$30,756,533$15,045,845$147,731,785
97$304,142,975$32,134,576$15,420,854$161,745,045
98$335,032,467$33,576,078$15,804,361$177,144,123
99$369,068,495$35,084,022$16,196,523$194,068,487
100$406,571,873$36,661,531$16,597,498$212,671,746