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

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 $5,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$445,927$441,955$438,080$434,297$430,604$417,321
2 years$220,756$216,645$212,660$208,797$205,049$191,784
3 years$145,709$141,580$137,605$133,778$130,092$117,259
4 years$108,192$104,076$100,141$96,380$92,783$80,481
5 years$85,689$81,597$77,714$74,029$70,532$58,794
6 years$70,691$66,630$62,804$59,201$55,809$44,647
7 years$59,983$55,956$52,191$48,673$45,388$34,799
8 years$51,955$47,964$44,262$40,830$37,654$27,632
9 years$45,714$41,762$38,123$34,778$31,710$22,244
10 years$40,725$36,811$33,236$29,979$27,018$18,095
11 years$36,645$32,771$29,261$26,091$23,237$14,840
12 years$33,248$29,413$25,968$22,885$20,136$12,248
13 years$30,376$26,581$23,201$20,204$17,559$10,162
14 years$27,916$24,161$20,846$17,935$15,392$8,466
15 years$25,786$22,072$18,821$15,995$13,553$7,077
16 years$23,924$20,250$17,064$14,322$11,978$5,932
17 years$22,283$18,650$15,528$12,868$10,620$4,984
18 years$20,826$17,233$14,175$11,597$9,443$4,195
19 years$19,523$15,972$12,976$10,479$8,417$3,537
20 years$18,353$14,842$11,909$9,490$7,518$2,986
21 years$17,295$13,824$10,954$8,613$6,728$2,524
22 years$16,335$12,905$10,096$7,831$6,031$2,135
23 years$15,459$12,069$9,322$7,132$5,413$1,808
24 years$14,658$11,308$8,621$6,505$4,866$1,532
25 years$13,922$10,612$7,985$5,941$4,378$1,298
26 years$13,244$9,974$7,405$5,432$3,944$1,101
27 years$12,617$9,386$6,877$4,972$3,556$934
28 years$12,035$8,845$6,393$4,555$3,208$793
29 years$11,495$8,344$5,949$4,177$2,897$673
30 years$10,992$7,880$5,541$3,834$2,618$572
31 years$10,522$7,449$5,166$3,521$2,367$486
32 years$10,083$7,049$4,820$3,236$2,141$412
33 years$9,671$6,675$4,500$2,976$1,937$350
34 years$9,284$6,326$4,205$2,738$1,754$298
35 years$8,920$6,001$3,931$2,520$1,589$253
36 years$8,576$5,695$3,678$2,321$1,440$215
37 years$8,253$5,409$3,442$2,139$1,305$183
38 years$7,947$5,141$3,223$1,971$1,183$155
39 years$7,657$4,888$3,020$1,818$1,073$132
40 years$7,383$4,651$2,831$1,676$973$112
41 years$7,122$4,427$2,654$1,547$883$95
42 years$6,875$4,216$2,490$1,427$801$81
43 years$6,640$4,017$2,336$1,318$727$69
44 years$6,416$3,829$2,193$1,217$660$59
45 years$6,203$3,652$2,059$1,124$599$50
46 years$5,999$3,484$1,934$1,038$544$42
47 years$5,805$3,324$1,817$959$494$36
48 years$5,619$3,174$1,707$886$448$31
49 years$5,442$3,031$1,605$819$407$26
50 years$5,272$2,895$1,509$757$370$22

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 $4,592 every year, while hoping to spend $51,922 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: 54/34/12 Blend
54$5,400,000$5,400,000$5,400,000$5,400,000
55$5,955,537$5,669,337$5,585,637$6,258,418
56$6,507,757$5,891,890$5,717,511$6,687,308
57$7,114,563$6,123,607$5,852,063$7,147,870
58$7,781,469$6,364,884$5,989,327$7,647,946
59$8,514,547$6,616,132$6,129,338$8,191,300
60$9,320,490$6,877,781$6,272,130$8,782,074
61$10,206,668$7,150,281$6,417,735$9,424,818
62$11,181,205$7,434,102$6,566,185$10,124,538
63$12,253,048$7,729,733$6,717,513$10,886,737
64$13,432,058$8,037,688$6,871,748$11,717,469
65$14,729,096$8,358,503$7,028,919$12,623,393
66$16,156,131$8,692,737$7,189,056$13,611,836
67$17,726,351$9,040,976$7,352,184$14,690,856
68$19,454,285$9,403,831$7,518,329$15,869,322
69$21,355,944$9,781,940$7,687,515$17,156,992
70$23,448,968$10,175,973$7,859,764$18,564,604
71$25,752,795$10,586,627$8,035,097$20,103,977
72$28,288,840$11,014,632$8,213,533$21,788,118
73$31,080,703$11,460,751$8,395,089$23,631,346
74$34,154,389$11,925,781$8,579,778$25,649,421
75$37,538,549$12,410,557$8,767,613$27,859,693
76$41,264,756$12,915,950$8,958,603$30,281,262
77$45,367,801$13,442,871$9,152,756$32,935,158
78$49,886,018$13,992,273$9,350,075$35,844,533
79$54,861,651$14,565,153$9,550,562$39,034,881
80$60,341,247$15,162,554$9,754,213$42,534,273
81$66,376,099$15,785,563$9,961,023$46,373,622
82$73,022,726$16,435,321$10,170,983$50,586,965
83$80,343,413$17,113,020$10,384,079$55,211,791
84$88,406,789$17,819,906$10,600,294$60,289,382
85$97,288,482$18,557,282$10,819,604$65,865,205
86$107,071,830$19,326,512$11,041,984$71,989,337
87$117,848,667$20,129,021$11,267,401$78,716,931
88$129,720,190$20,966,303$11,495,818$86,108,735
89$142,797,914$21,839,916$11,727,193$94,231,660
90$157,204,723$22,751,493$11,961,475$103,159,410
91$173,076,031$23,702,743$12,198,611$112,973,169
92$190,561,060$24,695,451$12,438,538$123,762,366
93$209,824,247$25,731,488$12,681,189$135,625,512
94$231,046,797$26,812,807$12,926,485$148,671,127
95$254,428,392$27,941,456$13,174,344$163,018,759
96$280,189,077$29,119,576$13,424,673$178,800,103
97$308,571,335$30,349,408$13,677,372$196,160,244
98$339,842,376$31,633,294$13,932,329$215,259,016
99$374,296,662$32,973,689$14,189,426$236,272,508
100$412,258,682$34,373,160$14,448,531$259,394,716