Can I retire at age 55 with 5,500,000?

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 $5,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$454,185$450,139$446,192$442,340$438,578$431,845
2 years$224,844$220,656$216,598$212,663$208,847$202,080
3 years$148,407$144,201$140,153$136,255$132,501$125,911
4 years$110,196$106,003$101,996$98,164$94,501$88,138
5 years$87,275$83,108$79,153$75,400$71,838$65,721
6 years$72,000$67,864$63,967$60,298$56,843$50,979
7 years$61,093$56,992$53,157$49,574$46,229$40,619
8 years$52,917$48,853$45,081$41,586$38,351$32,995
9 years$46,561$42,535$38,829$35,422$32,297$27,192
10 years$41,479$37,493$33,852$30,534$27,519$22,661
11 years$37,324$33,377$29,802$26,574$23,667$19,051
12 years$33,864$29,958$26,449$23,309$20,509$16,130
13 years$30,938$27,073$23,630$20,578$17,885$13,735
14 years$28,433$24,609$21,232$18,267$15,677$11,751
15 years$26,263$22,480$19,170$16,291$13,804$10,094
16 years$24,367$20,625$17,380$14,587$12,200$8,699
17 years$22,696$18,995$15,815$13,106$10,817$7,517
18 years$21,211$17,552$14,437$11,811$9,618$6,512
19 years$19,885$16,267$13,217$10,673$8,573$5,652
20 years$18,693$15,116$12,130$9,666$7,657$4,915
21 years$17,615$14,080$11,157$8,773$6,853$4,280
22 years$16,637$13,144$10,283$7,976$6,142$3,731
23 years$15,746$12,293$9,494$7,264$5,514$3,257
24 years$14,930$11,518$8,781$6,625$4,956$2,846
25 years$14,180$10,809$8,133$6,051$4,459$2,488
26 years$13,489$10,158$7,543$5,532$4,017$2,178
27 years$12,850$9,560$7,004$5,064$3,622$1,907
28 years$12,258$9,009$6,511$4,640$3,268$1,671
29 years$11,708$8,499$6,059$4,255$2,951$1,464
30 years$11,196$8,026$5,644$3,905$2,666$1,284
31 years$10,717$7,587$5,262$3,586$2,411$1,126
32 years$10,269$7,179$4,909$3,296$2,180$988
33 years$9,850$6,799$4,584$3,031$1,973$868
34 years$9,456$6,444$4,283$2,789$1,787$762
35 years$9,085$6,112$4,004$2,567$1,618$669
36 years$8,735$5,801$3,746$2,364$1,466$587
37 years$8,405$5,510$3,506$2,178$1,329$516
38 years$8,094$5,236$3,283$2,008$1,205$453
39 years$7,799$4,979$3,076$1,851$1,092$398
40 years$7,519$4,737$2,883$1,708$991$350
41 years$7,254$4,509$2,703$1,575$899$308
42 years$7,002$4,294$2,536$1,454$816$270
43 years$6,763$4,092$2,380$1,342$740$238
44 years$6,535$3,900$2,234$1,239$672$209
45 years$6,318$3,719$2,097$1,144$610$184
46 years$6,110$3,548$1,970$1,057$554$162
47 years$5,913$3,386$1,851$977$503$142
48 years$5,724$3,232$1,739$902$457$125
49 years$5,543$3,087$1,635$834$415$110
50 years$5,370$2,949$1,537$771$377$97

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $5,500,000, adding $3,958 every year, while hoping to spend $53,141 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: 54/37/9 Blend
54$5,500,000$5,500,000$5,500,000$5,500,000
55$6,065,083$5,773,583$5,688,333$6,378,899
56$6,627,179$5,999,947$5,822,350$6,818,337
57$7,244,829$6,235,621$5,959,076$7,290,214
58$7,923,642$6,481,007$6,098,545$7,802,516
59$8,669,798$6,736,521$6,240,792$8,359,087
60$9,490,108$7,002,601$6,385,849$8,964,152
61$10,392,073$7,279,703$6,533,749$9,622,356
62$11,383,959$7,568,303$6,684,524$10,338,804
63$12,474,872$7,868,898$6,838,204$11,119,113
64$13,674,845$8,182,010$6,994,820$11,969,457
65$14,994,933$8,508,182$7,154,400$12,896,629
66$16,447,315$8,847,982$7,316,971$13,908,100
67$18,045,411$9,202,004$7,482,560$15,012,089
68$19,804,008$9,570,867$7,651,191$16,217,638
69$21,739,398$9,955,220$7,822,887$17,534,696
70$23,869,532$10,355,741$7,997,669$18,974,211
71$26,214,190$10,773,139$8,175,557$20,548,231
72$28,795,167$11,208,153$8,356,568$22,270,013
73$31,636,479$11,661,556$8,540,717$24,154,153
74$34,764,586$12,134,160$8,728,018$26,216,710
75$38,208,649$12,626,808$8,918,481$28,475,367
76$42,000,794$13,140,385$9,112,114$30,949,588
77$46,176,427$13,675,816$9,308,922$33,660,799
78$50,774,559$14,234,067$9,508,906$36,632,590
79$55,838,176$14,816,148$9,712,067$39,890,936
80$61,414,647$15,423,116$9,918,398$43,464,435
81$67,556,169$16,056,077$10,127,893$47,384,575
82$74,320,259$16,716,186$10,340,538$51,686,031
83$81,770,297$17,404,650$10,556,318$56,406,988
84$89,976,124$18,122,735$10,775,211$61,589,496
85$99,014,701$18,871,762$10,997,193$67,279,864
86$108,970,835$19,653,112$11,222,233$73,529,091
87$119,937,979$20,468,233$11,450,296$80,393,349
88$132,019,113$21,318,637$11,681,341$87,934,503
89$145,327,717$22,205,905$11,915,321$96,220,693
90$159,988,843$23,131,693$12,152,183$105,326,971
91$176,140,291$24,097,732$12,391,868$115,336,008
92$193,933,914$25,105,833$12,634,308$126,338,864
93$213,537,046$26,157,892$12,879,430$138,435,846
94$235,134,086$27,255,891$13,127,153$151,737,449
95$258,928,238$28,401,904$13,377,387$166,365,391
96$285,143,422$29,598,101$13,630,034$182,453,758
97$314,026,397$30,846,754$13,884,986$200,150,262
98$345,849,083$32,150,239$14,142,127$219,617,630
99$380,911,132$33,511,043$14,401,330$241,035,132
100$419,542,750$34,931,767$14,662,457$264,600,265