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%19.8%
1 years$437,669$433,771$429,967$426,254$422,629$406,021
2 years$216,668$212,633$208,722$204,930$201,252$184,723
3 years$143,010$138,958$135,057$131,301$127,683$111,753
4 years$106,189$102,149$98,287$94,595$91,064$75,855
5 years$84,102$80,086$76,275$72,658$69,226$54,776
6 years$69,382$65,396$61,641$58,105$54,776$41,095
7 years$58,872$54,920$51,224$47,771$44,547$31,631
8 years$50,993$47,076$43,442$40,074$36,956$24,791
9 years$44,868$40,988$37,417$34,134$31,123$19,690
10 years$39,971$36,129$32,621$29,424$26,518$15,796
11 years$35,967$32,164$28,719$25,608$22,806$12,771
12 years$32,632$28,868$25,487$22,461$19,764$10,387
13 years$29,813$26,089$22,771$19,830$17,234$8,489
14 years$27,399$23,714$20,460$17,603$15,107$6,965
15 years$25,308$21,663$18,473$15,699$13,302$5,732
16 years$23,481$19,875$16,748$14,057$11,756$4,729
17 years$21,870$18,304$15,240$12,630$10,424$3,909
18 years$20,440$16,914$13,912$11,382$9,268$3,237
19 years$19,162$15,676$12,736$10,285$8,261$2,684
20 years$18,013$14,567$11,688$9,315$7,379$2,228
21 years$16,975$13,568$10,751$8,454$6,603$1,851
22 years$16,032$12,666$9,909$7,686$5,919$1,540
23 years$15,173$11,846$9,149$7,000$5,313$1,281
24 years$14,387$11,099$8,461$6,384$4,776$1,067
25 years$13,664$10,416$7,837$5,831$4,297$888
26 years$12,998$9,789$7,268$5,331$3,871$740
27 years$12,383$9,213$6,749$4,880$3,490$617
28 years$11,813$8,681$6,274$4,471$3,149$514
29 years$11,282$8,190$5,839$4,100$2,843$429
30 years$10,789$7,734$5,439$3,763$2,569$358
31 years$10,327$7,311$5,070$3,456$2,323$298
32 years$9,896$6,918$4,731$3,176$2,101$249
33 years$9,492$6,551$4,417$2,921$1,902$208
34 years$9,112$6,209$4,127$2,687$1,722$173
35 years$8,754$5,889$3,858$2,474$1,559$145
36 years$8,418$5,590$3,610$2,278$1,413$121
37 years$8,100$5,309$3,378$2,099$1,281$101
38 years$7,800$5,046$3,164$1,935$1,161$84
39 years$7,515$4,798$2,964$1,784$1,053$70
40 years$7,246$4,565$2,778$1,645$955$59
41 years$6,990$4,345$2,605$1,518$866$49
42 years$6,748$4,138$2,444$1,401$786$41
43 years$6,517$3,943$2,293$1,293$713$34
44 years$6,297$3,758$2,152$1,194$648$28
45 years$6,088$3,584$2,021$1,103$588$24
46 years$5,888$3,419$1,898$1,019$534$20
47 years$5,698$3,263$1,783$941$485$17
48 years$5,515$3,115$1,676$870$440$14
49 years$5,341$2,974$1,575$804$400$12
50 years$5,175$2,841$1,481$743$363$10

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 $5,172 every year, while hoping to spend $38,411 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: 73/8/19 Blend
54$5,300,000$5,300,000$5,300,000$5,300,000
55$5,845,935$5,565,035$5,482,885$6,246,033
56$6,401,351$5,796,853$5,625,693$6,744,255
57$7,012,133$6,038,742$5,771,997$7,284,742
58$7,683,886$6,291,156$5,921,874$7,875,867
59$8,422,788$6,554,569$6,075,403$8,522,653
60$9,235,646$6,829,476$6,232,662$9,230,635
61$10,129,957$7,116,395$6,393,732$10,005,903
62$11,113,985$7,415,871$6,558,694$10,855,166
63$12,196,833$7,728,470$6,727,632$11,785,812
64$13,388,532$8,054,788$6,900,630$12,805,978
65$14,700,135$8,395,444$7,077,773$13,924,622
66$16,143,819$8,751,092$7,259,149$15,151,614
67$17,733,003$9,122,410$7,444,846$16,497,823
68$19,482,474$9,510,112$7,634,952$17,975,222
69$21,408,522$9,914,944$7,829,559$19,596,997
70$23,529,101$10,337,686$8,028,759$21,377,673
71$25,863,992$10,779,155$8,232,645$23,333,252
72$28,434,991$11,240,205$8,441,310$25,481,358
73$31,266,118$11,721,733$8,654,852$27,841,407
74$34,383,839$12,224,675$8,873,366$30,434,789
75$37,817,317$12,750,011$9,096,951$33,285,066
76$41,598,690$13,298,767$9,325,705$36,418,197
77$45,763,368$13,872,019$9,559,728$39,862,778
78$50,350,375$14,470,891$9,799,122$43,650,317
79$55,402,709$15,096,561$10,043,989$47,815,523
80$60,967,754$15,750,261$10,294,431$52,396,638
81$67,097,724$16,433,283$10,550,554$57,435,796
82$73,850,156$17,146,977$10,812,461$62,979,417
83$81,288,452$17,892,759$11,080,258$69,078,645
84$89,482,480$18,672,111$11,354,053$75,789,831
85$98,509,231$19,486,582$11,633,952$83,175,064
86$108,453,546$20,337,798$11,920,063$91,302,752
87$119,408,916$21,227,459$12,212,494$100,248,270
88$131,478,368$22,157,347$12,511,355$110,094,669
89$144,775,431$23,129,326$12,816,754$120,933,456
90$159,425,211$24,145,349$13,128,802$132,865,462
91$175,565,574$25,207,463$13,447,608$146,001,786
92$193,348,442$26,317,808$13,773,282$160,464,846
93$212,941,230$27,478,628$14,105,934$176,389,531
94$234,528,428$28,692,272$14,445,675$193,924,474
95$258,313,335$29,961,202$14,792,613$213,233,451
96$284,519,989$31,287,994$15,146,859$234,496,927
97$313,395,270$32,675,348$15,508,521$257,913,757
98$345,211,238$34,126,090$15,877,707$283,703,061
99$380,267,698$35,643,183$16,254,524$312,106,291
100$418,895,033$37,229,729$16,639,080$343,389,507