Can I retire at age 55 with 5,400,000?

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 $5,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$445,927$441,955$438,080$434,297$430,604$414,337
2 years$220,756$216,645$212,660$208,797$205,049$188,850
3 years$145,709$141,580$137,605$133,778$130,092$114,469
4 years$108,192$104,076$100,141$96,380$92,783$77,856
5 years$85,689$81,597$77,714$74,029$70,532$56,340
6 years$70,691$66,630$62,804$59,201$55,809$42,361
7 years$59,983$55,956$52,191$48,673$45,388$32,680
8 years$51,955$47,964$44,262$40,830$37,654$25,674
9 years$45,714$41,762$38,123$34,778$31,710$20,442
10 years$40,725$36,811$33,236$29,979$27,018$16,441
11 years$36,645$32,771$29,261$26,091$23,237$13,327
12 years$33,248$29,413$25,968$22,885$20,136$10,869
13 years$30,376$26,581$23,201$20,204$17,559$8,907
14 years$27,916$24,161$20,846$17,935$15,392$7,328
15 years$25,786$22,072$18,821$15,995$13,553$6,048
16 years$23,924$20,250$17,064$14,322$11,978$5,004
17 years$22,283$18,650$15,528$12,868$10,620$4,149
18 years$20,826$17,233$14,175$11,597$9,443$3,446
19 years$19,523$15,972$12,976$10,479$8,417$2,866
20 years$18,353$14,842$11,909$9,490$7,518$2,387
21 years$17,295$13,824$10,954$8,613$6,728$1,989
22 years$16,335$12,905$10,096$7,831$6,031$1,659
23 years$15,459$12,069$9,322$7,132$5,413$1,385
24 years$14,658$11,308$8,621$6,505$4,866$1,157
25 years$13,922$10,612$7,985$5,941$4,378$967
26 years$13,244$9,974$7,405$5,432$3,944$808
27 years$12,617$9,386$6,877$4,972$3,556$676
28 years$12,035$8,845$6,393$4,555$3,208$565
29 years$11,495$8,344$5,949$4,177$2,897$473
30 years$10,992$7,880$5,541$3,834$2,618$396
31 years$10,522$7,449$5,166$3,521$2,367$331
32 years$10,083$7,049$4,820$3,236$2,141$277
33 years$9,671$6,675$4,500$2,976$1,937$232
34 years$9,284$6,326$4,205$2,738$1,754$194
35 years$8,920$6,001$3,931$2,520$1,589$163
36 years$8,576$5,695$3,678$2,321$1,440$136
37 years$8,253$5,409$3,442$2,139$1,305$114
38 years$7,947$5,141$3,223$1,971$1,183$95
39 years$7,657$4,888$3,020$1,818$1,073$80
40 years$7,383$4,651$2,831$1,676$973$67
41 years$7,122$4,427$2,654$1,547$883$56
42 years$6,875$4,216$2,490$1,427$801$47
43 years$6,640$4,017$2,336$1,318$727$39
44 years$6,416$3,829$2,193$1,217$660$33
45 years$6,203$3,652$2,059$1,124$599$28
46 years$5,999$3,484$1,934$1,038$544$23
47 years$5,805$3,324$1,817$959$494$19
48 years$5,619$3,174$1,707$886$448$16
49 years$5,442$3,031$1,605$819$407$14
50 years$5,272$2,895$1,509$757$370$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $5,400,000, adding $2,208 every year, while hoping to spend $33,035 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: 82/7/11 Blend
54$5,400,000$5,400,000$5,400,000$5,400,000
55$5,953,078$5,666,878$5,583,178$6,430,075
56$6,525,142$5,909,406$5,735,065$6,985,488
57$7,154,451$6,162,710$5,890,934$7,590,577
58$7,846,807$6,427,285$6,050,882$8,253,932
59$8,608,605$6,703,645$6,215,010$8,981,382
60$9,446,891$6,992,333$6,383,421$9,779,346
61$10,369,429$7,293,912$6,556,221$10,654,892
62$11,384,773$7,608,976$6,733,517$11,615,805
63$12,502,348$7,938,144$6,915,418$12,670,662
64$13,732,541$8,282,066$7,102,037$13,828,908
65$15,086,794$8,641,422$7,293,489$15,100,947
66$16,577,717$9,016,921$7,489,892$16,498,239
67$18,219,204$9,409,311$7,691,363$18,033,407
68$20,026,566$9,819,370$7,898,027$19,720,358
69$22,016,673$10,247,916$8,110,008$21,574,411
70$24,208,113$10,695,804$8,327,433$23,612,441
71$26,621,371$11,163,929$8,550,432$25,853,039
72$29,279,019$11,653,229$8,779,139$28,316,685
73$32,205,927$12,164,686$9,013,689$31,025,943
74$35,429,505$12,699,329$9,254,221$34,005,671
75$38,979,953$13,258,234$9,500,876$37,283,254
76$42,890,550$13,842,530$9,753,797$40,888,866
77$47,197,970$14,453,397$10,013,133$44,855,748
78$51,942,622$15,092,073$10,279,033$49,220,525
79$57,169,039$15,759,854$10,551,649$54,023,551
80$62,926,291$16,458,097$10,831,139$59,309,285
81$69,268,452$17,188,223$11,117,662$65,126,713
82$76,255,109$17,951,720$11,411,378$71,529,808
83$83,951,925$18,750,150$11,712,455$78,578,041
84$92,431,258$19,585,144$12,021,059$86,336,935
85$101,772,845$20,458,415$12,337,363$94,878,690
86$112,064,552$21,371,754$12,661,542$104,282,856
87$123,403,206$22,327,040$12,993,773$114,637,088
88$135,895,507$23,326,239$13,334,238$126,037,971
89$149,659,036$24,371,411$13,683,122$138,591,927
90$164,823,363$25,464,716$14,040,613$152,416,222
91$181,531,274$26,608,415$14,406,901$167,640,070
92$199,940,113$27,804,876$14,782,181$184,405,851
93$220,223,272$29,056,583$15,166,652$202,870,453
94$242,571,826$30,366,135$15,560,514$223,206,753
95$267,196,334$31,736,257$15,963,973$245,605,245
96$294,328,830$33,169,804$16,377,237$270,275,838
97$324,225,013$34,669,767$16,800,516$297,449,835
98$357,166,658$36,239,279$17,234,027$327,382,114
99$393,464,277$37,881,624$17,677,987$360,353,534
100$433,460,052$39,600,243$18,132,619$396,673,580