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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.3%
1 years$437,669$433,771$429,967$426,254$422,629$411,744
2 years$216,668$212,633$208,722$204,930$201,252$190,358
3 years$143,010$138,958$135,057$131,301$127,683$117,120
4 years$106,189$102,149$98,287$94,595$91,064$80,915
5 years$84,102$80,086$76,275$72,658$69,226$59,517
6 years$69,382$65,396$61,641$58,105$54,776$45,518
7 years$58,872$54,920$51,224$47,771$44,547$35,741
8 years$50,993$47,076$43,442$40,074$36,956$28,597
9 years$44,868$40,988$37,417$34,134$31,123$23,204
10 years$39,971$36,129$32,621$29,424$26,518$19,029
11 years$35,967$32,164$28,719$25,608$22,806$15,737
12 years$32,632$28,868$25,487$22,461$19,764$13,101
13 years$29,813$26,089$22,771$19,830$17,234$10,965
14 years$27,399$23,714$20,460$17,603$15,107$9,217
15 years$25,308$21,663$18,473$15,699$13,302$7,775
16 years$23,481$19,875$16,748$14,057$11,756$6,579
17 years$21,870$18,304$15,240$12,630$10,424$5,580
18 years$20,440$16,914$13,912$11,382$9,268$4,743
19 years$19,162$15,676$12,736$10,285$8,261$4,038
20 years$18,013$14,567$11,688$9,315$7,379$3,443
21 years$16,975$13,568$10,751$8,454$6,603$2,939
22 years$16,032$12,666$9,909$7,686$5,919$2,512
23 years$15,173$11,846$9,149$7,000$5,313$2,149
24 years$14,387$11,099$8,461$6,384$4,776$1,839
25 years$13,664$10,416$7,837$5,831$4,297$1,575
26 years$12,998$9,789$7,268$5,331$3,871$1,350
27 years$12,383$9,213$6,749$4,880$3,490$1,158
28 years$11,813$8,681$6,274$4,471$3,149$993
29 years$11,282$8,190$5,839$4,100$2,843$852
30 years$10,789$7,734$5,439$3,763$2,569$731
31 years$10,327$7,311$5,070$3,456$2,323$628
32 years$9,896$6,918$4,731$3,176$2,101$539
33 years$9,492$6,551$4,417$2,921$1,902$463
34 years$9,112$6,209$4,127$2,687$1,722$398
35 years$8,754$5,889$3,858$2,474$1,559$342
36 years$8,418$5,590$3,610$2,278$1,413$294
37 years$8,100$5,309$3,378$2,099$1,281$252
38 years$7,800$5,046$3,164$1,935$1,161$217
39 years$7,515$4,798$2,964$1,784$1,053$186
40 years$7,246$4,565$2,778$1,645$955$160
41 years$6,990$4,345$2,605$1,518$866$138
42 years$6,748$4,138$2,444$1,401$786$118
43 years$6,517$3,943$2,293$1,293$713$102
44 years$6,297$3,758$2,152$1,194$648$87
45 years$6,088$3,584$2,021$1,103$588$75
46 years$5,888$3,419$1,898$1,019$534$65
47 years$5,698$3,263$1,783$941$485$56
48 years$5,515$3,115$1,676$870$440$48
49 years$5,341$2,974$1,575$804$400$41
50 years$5,175$2,841$1,481$743$363$35

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 $5,224 every year, while hoping to spend $31,906 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: 70/14/16 Blend
54$5,300,000$5,300,000$5,300,000$5,300,000
55$5,845,989$5,565,089$5,482,939$6,233,093
56$6,408,332$5,803,830$5,632,669$6,729,994
57$7,026,964$6,053,201$5,786,347$7,269,332
58$7,707,595$6,313,687$5,944,069$7,858,798
59$8,456,511$6,585,800$6,105,937$8,503,337
60$9,280,644$6,870,073$6,272,055$9,208,388
61$10,187,628$7,167,064$6,442,527$9,979,942
62$11,185,875$7,477,360$6,617,460$10,824,591
63$12,284,655$7,801,571$6,796,966$11,749,595
64$13,494,182$8,140,341$6,981,157$12,762,945
65$14,825,711$8,494,339$7,170,148$13,873,440
66$16,291,642$8,864,270$7,364,056$15,090,770
67$17,905,639$9,250,870$7,563,002$16,425,604
68$19,682,760$9,654,908$7,767,109$17,889,689
69$21,639,596$10,077,193$7,976,501$19,495,964
70$23,794,429$10,518,570$8,191,308$21,258,677
71$26,167,404$10,979,923$8,411,660$23,193,520
72$28,780,720$11,462,180$8,637,692$25,317,775
73$31,658,838$11,966,311$8,869,538$27,650,476
74$34,828,712$12,493,332$9,107,340$30,212,590
75$38,320,044$13,044,309$9,351,240$33,027,207
76$42,165,564$13,620,356$9,601,382$36,119,765
77$46,401,339$14,222,641$9,857,916$39,518,280
78$51,067,112$14,852,387$10,120,992$43,253,615
79$56,206,678$15,510,875$10,390,766$47,359,769
80$61,868,298$16,199,446$10,667,395$51,874,192
81$68,105,152$16,919,506$10,951,041$56,838,141
82$74,975,843$17,672,528$11,241,866$62,297,065
83$82,544,949$18,460,052$11,540,039$68,301,036
84$90,883,634$19,283,694$11,845,730$74,905,213
85$100,070,316$20,145,147$12,159,113$82,170,367
86$110,191,411$21,046,182$12,480,367$90,163,448
87$121,342,146$21,988,656$12,809,670$98,958,217
88$133,627,460$22,974,515$13,147,209$108,635,940
89$147,162,990$24,005,796$13,493,170$119,286,152
90$162,076,169$25,084,634$13,847,745$131,007,498
91$178,507,423$26,213,265$14,211,129$143,908,663
92$196,611,498$27,394,033$14,583,520$158,109,398
93$216,558,923$28,629,393$14,965,120$173,741,641
94$238,537,616$29,921,916$15,356,134$190,950,765
95$262,754,661$31,274,298$15,756,773$209,896,944
96$289,438,260$32,689,363$16,167,249$230,756,665
97$318,839,889$34,170,068$16,587,778$253,724,386
98$351,236,670$35,719,514$17,018,581$279,014,371
99$386,933,989$37,340,949$17,459,882$306,862,709
100$426,268,377$39,037,776$17,911,909$337,529,539