Can I retire at age 55 with 5,300,000?

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 $5,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$437,669$433,771$429,967$426,254$422,629$410,252
2 years$216,668$212,633$208,722$204,930$201,252$188,882
3 years$143,010$138,958$135,057$131,301$127,683$115,708
4 years$106,189$102,149$98,287$94,595$91,064$79,577
5 years$84,102$80,086$76,275$72,658$69,226$58,257
6 years$69,382$65,396$61,641$58,105$54,776$44,335
7 years$58,872$54,920$51,224$47,771$44,547$34,635
8 years$50,993$47,076$43,442$40,074$36,956$27,566
9 years$44,868$40,988$37,417$34,134$31,123$22,245
10 years$39,971$36,129$32,621$29,424$26,518$18,141
11 years$35,967$32,164$28,719$25,608$22,806$14,916
12 years$32,632$28,868$25,487$22,461$19,764$12,344
13 years$29,813$26,089$22,771$19,830$17,234$10,269
14 years$27,399$23,714$20,460$17,603$15,107$8,579
15 years$25,308$21,663$18,473$15,699$13,302$7,191
16 years$23,481$19,875$16,748$14,057$11,756$6,046
17 years$21,870$18,304$15,240$12,630$10,424$5,094
18 years$20,440$16,914$13,912$11,382$9,268$4,301
19 years$19,162$15,676$12,736$10,285$8,261$3,637
20 years$18,013$14,567$11,688$9,315$7,379$3,080
21 years$16,975$13,568$10,751$8,454$6,603$2,611
22 years$16,032$12,666$9,909$7,686$5,919$2,216
23 years$15,173$11,846$9,149$7,000$5,313$1,882
24 years$14,387$11,099$8,461$6,384$4,776$1,600
25 years$13,664$10,416$7,837$5,831$4,297$1,360
26 years$12,998$9,789$7,268$5,331$3,871$1,158
27 years$12,383$9,213$6,749$4,880$3,490$985
28 years$11,813$8,681$6,274$4,471$3,149$839
29 years$11,282$8,190$5,839$4,100$2,843$715
30 years$10,789$7,734$5,439$3,763$2,569$609
31 years$10,327$7,311$5,070$3,456$2,323$519
32 years$9,896$6,918$4,731$3,176$2,101$442
33 years$9,492$6,551$4,417$2,921$1,902$377
34 years$9,112$6,209$4,127$2,687$1,722$321
35 years$8,754$5,889$3,858$2,474$1,559$274
36 years$8,418$5,590$3,610$2,278$1,413$234
37 years$8,100$5,309$3,378$2,099$1,281$199
38 years$7,800$5,046$3,164$1,935$1,161$170
39 years$7,515$4,798$2,964$1,784$1,053$145
40 years$7,246$4,565$2,778$1,645$955$124
41 years$6,990$4,345$2,605$1,518$866$105
42 years$6,748$4,138$2,444$1,401$786$90
43 years$6,517$3,943$2,293$1,293$713$77
44 years$6,297$3,758$2,152$1,194$648$65
45 years$6,088$3,584$2,021$1,103$588$56
46 years$5,888$3,419$1,898$1,019$534$48
47 years$5,698$3,263$1,783$941$485$41
48 years$5,515$3,115$1,676$870$440$35
49 years$5,341$2,974$1,575$804$400$30
50 years$5,175$2,841$1,481$743$363$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $5,300,000, adding $6,674 every year, while hoping to spend $46,877 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: 57/30/13 Blend
54$5,300,000$5,300,000$5,300,000$5,300,000
55$5,847,484$5,566,584$5,484,434$6,161,173
56$6,394,051$5,789,470$5,618,286$6,597,000
57$6,994,796$6,021,706$5,755,051$7,065,934
58$7,655,197$6,263,701$5,894,776$7,575,811
59$8,381,287$6,515,883$6,037,511$8,130,565
60$9,179,714$6,778,696$6,183,303$8,734,518
61$10,057,801$7,052,609$6,332,201$9,392,422
62$11,023,619$7,338,109$6,484,252$10,109,509
63$12,086,058$7,635,707$6,639,504$10,891,528
64$13,254,914$7,945,934$6,798,005$11,744,808
65$14,540,979$8,269,349$6,959,803$12,676,309
66$15,956,146$8,606,534$7,124,943$13,693,692
67$17,513,518$8,958,099$7,293,474$14,805,385
68$19,227,532$9,324,681$7,465,440$16,020,664
69$21,114,096$9,706,946$7,640,888$17,349,738
70$23,190,737$10,105,590$7,819,862$18,803,840
71$25,476,771$10,521,343$8,002,406$20,395,340
72$27,993,479$10,954,966$8,188,563$22,137,850
73$30,764,310$11,407,255$8,378,376$24,046,357
74$33,815,105$11,879,046$8,571,887$26,137,360
75$37,174,334$12,371,208$8,769,134$28,429,023
76$40,873,373$12,884,653$8,970,156$30,941,345
77$44,946,792$13,420,337$9,174,992$33,696,349
78$49,432,687$13,979,255$9,383,676$36,718,280
79$54,373,034$14,562,452$9,596,242$40,033,842
80$59,814,091$15,171,019$9,812,723$43,672,436
81$65,806,828$15,806,099$10,033,150$47,666,444
82$72,407,412$16,468,886$10,257,548$52,051,527
83$79,677,738$17,160,631$10,485,946$56,866,959
84$87,686,007$17,882,641$10,718,365$62,155,997
85$96,507,375$18,636,287$10,954,825$67,966,282
86$106,224,661$19,422,998$11,195,346$74,350,289
87$116,929,126$20,244,275$11,439,940$81,365,818
88$128,721,338$21,101,685$11,688,618$89,076,533
89$141,712,117$21,996,870$11,941,389$97,552,564
90$156,023,582$22,931,546$12,198,256$106,871,159
91$171,790,308$23,907,512$12,459,217$117,117,416
92$189,160,588$24,926,648$12,724,269$128,385,076
93$208,297,837$25,990,924$12,993,402$140,777,405
94$229,382,137$27,102,399$13,266,601$154,408,166
95$252,611,929$28,263,232$13,543,847$169,402,686
96$278,205,894$29,475,678$13,825,114$185,899,032
97$306,405,012$30,742,102$14,110,371$204,049,314
98$337,474,835$32,064,978$14,399,581$224,021,112
99$371,708,001$33,446,895$14,692,700$245,999,050
100$409,426,989$34,890,564$14,989,677$270,186,538