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%18.7%
1 years$421,153$417,402$413,742$410,169$406,681$392,408
2 years$208,492$204,609$200,846$197,197$193,658$179,427
3 years$137,614$133,714$129,960$126,346$122,864$109,124
4 years$102,182$98,294$94,578$91,025$87,628$74,483
5 years$80,928$77,064$73,396$69,916$66,613$54,098
6 years$66,764$62,928$59,315$55,912$52,709$40,833
7 years$56,650$52,847$49,291$45,969$42,866$31,628
8 years$49,068$45,300$41,803$38,562$35,562$24,951
9 years$43,175$39,442$36,005$32,846$29,948$19,951
10 years$38,462$34,766$31,390$28,314$25,517$16,118
11 years$34,610$30,950$27,635$24,641$21,946$13,124
12 years$31,401$27,779$24,525$21,614$19,018$10,754
13 years$28,688$25,104$21,912$19,082$16,584$8,855
14 years$26,365$22,819$19,688$16,939$14,537$7,321
15 years$24,353$20,846$17,775$15,106$12,800$6,072
16 years$22,595$19,125$16,116$13,526$11,312$5,050
17 years$21,045$17,614$14,665$12,153$10,030$4,209
18 years$19,669$16,276$13,387$10,952$8,919$3,514
19 years$18,439$15,084$12,255$9,896$7,949$2,938
20 years$17,333$14,017$11,247$8,963$7,101$2,460
21 years$16,334$13,056$10,345$8,135$6,354$2,061
22 years$15,427$12,188$9,535$7,396$5,696$1,729
23 years$14,601$11,399$8,804$6,736$5,113$1,451
24 years$13,844$10,680$8,142$6,144$4,595$1,219
25 years$13,149$10,023$7,541$5,611$4,135$1,024
26 years$12,508$9,420$6,994$5,130$3,725$861
27 years$11,916$8,865$6,495$4,696$3,358$724
28 years$11,367$8,353$6,038$4,302$3,030$609
29 years$10,857$7,881$5,618$3,945$2,736$512
30 years$10,381$7,442$5,233$3,621$2,472$431
31 years$9,938$7,035$4,879$3,325$2,235$363
32 years$9,523$6,657$4,552$3,056$2,022$305
33 years$9,133$6,304$4,250$2,810$1,830$257
34 years$8,768$5,975$3,971$2,586$1,657$217
35 years$8,424$5,667$3,713$2,380$1,501$182
36 years$8,100$5,379$3,473$2,192$1,360$154
37 years$7,794$5,109$3,251$2,020$1,232$129
38 years$7,505$4,855$3,044$1,862$1,117$109
39 years$7,232$4,617$2,852$1,717$1,013$92
40 years$6,973$4,393$2,673$1,583$919$77
41 years$6,727$4,181$2,507$1,461$834$65
42 years$6,493$3,982$2,351$1,348$756$55
43 years$6,271$3,794$2,207$1,245$686$46
44 years$6,060$3,617$2,071$1,149$623$39
45 years$5,858$3,449$1,945$1,061$566$33
46 years$5,666$3,290$1,827$980$514$28
47 years$5,483$3,140$1,716$906$466$23
48 years$5,307$2,997$1,613$837$424$20
49 years$5,140$2,862$1,516$773$385$17
50 years$4,979$2,734$1,425$715$349$14

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 $3,700 every year, while hoping to spend $57,680 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: 83/7/10 Blend
54$5,100,000$5,100,000$5,100,000$5,100,000
55$5,624,017$5,353,717$5,274,667$6,081,974
56$6,136,295$5,554,678$5,389,997$6,583,172
57$6,698,893$5,763,553$5,507,257$7,125,391
58$7,316,882$5,980,668$5,626,452$7,719,084
59$7,995,848$6,206,366$5,747,583$8,369,388
60$8,741,948$6,441,001$5,870,650$9,081,958
61$9,561,961$6,684,944$5,995,652$9,863,023
62$10,463,358$6,938,584$6,122,583$10,719,444
63$11,454,369$7,202,323$6,251,438$11,658,779
64$12,544,062$7,476,583$6,382,208$12,689,350
65$13,742,425$7,761,805$6,514,881$13,820,327
66$15,060,466$8,058,447$6,649,443$15,061,810
67$16,510,311$8,366,988$6,785,876$16,424,922
68$18,105,320$8,687,928$6,924,161$17,921,921
69$19,860,216$9,021,790$7,064,274$19,566,307
70$21,791,218$9,369,118$7,206,187$21,372,953
71$23,916,198$9,730,480$7,349,870$23,358,244
72$26,254,848$10,106,471$7,495,288$25,540,233
73$28,828,865$10,497,711$7,642,403$27,938,806
74$31,662,156$10,904,845$7,791,170$30,575,875
75$34,781,064$11,328,551$7,941,543$33,475,578
76$38,214,616$11,769,534$8,093,468$36,664,513
77$41,994,796$12,228,530$8,246,888$40,171,981
78$46,156,846$12,706,309$8,401,739$44,030,268
79$50,739,601$13,203,674$8,557,954$48,274,946
80$55,785,851$13,721,465$8,715,456$52,945,209
81$61,342,750$14,260,558$8,874,166$58,084,242
82$67,462,254$14,821,870$9,033,994$63,739,628
83$74,201,618$15,406,355$9,194,847$69,963,793
84$81,623,931$16,015,015$9,356,623$76,814,508
85$89,798,713$16,648,891$9,519,210$84,355,424
86$98,802,571$17,309,076$9,682,493$92,656,679
87$108,719,920$17,996,708$9,846,343$101,795,557
88$119,643,783$18,712,977$10,010,627$111,857,214
89$131,676,664$19,459,129$10,175,198$122,935,485
90$144,931,520$20,236,462$10,339,903$135,133,765
91$159,532,821$21,046,335$10,504,577$148,565,987
92$175,617,732$21,890,168$10,669,043$163,357,694
93$193,337,399$22,769,445$10,833,114$179,647,227
94$212,858,382$23,685,716$10,996,592$197,587,023
95$234,364,223$24,640,602$11,159,263$217,345,060
96$258,057,179$25,635,798$11,320,905$239,106,435
97$284,160,133$26,673,074$11,481,277$263,075,116
98$312,918,694$27,754,282$11,640,127$289,475,862
99$344,603,517$28,881,357$11,797,187$318,556,345
100$379,512,855$30,056,323$11,952,172$350,589,486