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

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 $5,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$454,185$450,139$446,192$442,340$438,578$424,879
2 years$224,844$220,656$216,598$212,663$208,847$195,167
3 years$148,407$144,201$140,153$136,255$132,501$119,270
4 years$110,196$106,003$101,996$98,164$94,501$81,820
5 years$87,275$83,108$79,153$75,400$71,838$59,741
6 years$72,000$67,864$63,967$60,298$56,843$45,341
7 years$61,093$56,992$53,157$49,574$46,229$35,320
8 years$52,917$48,853$45,081$41,586$38,351$28,029
9 years$46,561$42,535$38,829$35,422$32,297$22,550
10 years$41,479$37,493$33,852$30,534$27,519$18,332
11 years$37,324$33,377$29,802$26,574$23,667$15,025
12 years$33,864$29,958$26,449$23,309$20,509$12,393
13 years$30,938$27,073$23,630$20,578$17,885$10,274
14 years$28,433$24,609$21,232$18,267$15,677$8,554
15 years$26,263$22,480$19,170$16,291$13,804$7,145
16 years$24,367$20,625$17,380$14,587$12,200$5,985
17 years$22,696$18,995$15,815$13,106$10,817$5,025
18 years$21,211$17,552$14,437$11,811$9,618$4,227
19 years$19,885$16,267$13,217$10,673$8,573$3,561
20 years$18,693$15,116$12,130$9,666$7,657$3,004
21 years$17,615$14,080$11,157$8,773$6,853$2,537
22 years$16,637$13,144$10,283$7,976$6,142$2,145
23 years$15,746$12,293$9,494$7,264$5,514$1,814
24 years$14,930$11,518$8,781$6,625$4,956$1,536
25 years$14,180$10,809$8,133$6,051$4,459$1,301
26 years$13,489$10,158$7,543$5,532$4,017$1,102
27 years$12,850$9,560$7,004$5,064$3,622$935
28 years$12,258$9,009$6,511$4,640$3,268$793
29 years$11,708$8,499$6,059$4,255$2,951$672
30 years$11,196$8,026$5,644$3,905$2,666$570
31 years$10,717$7,587$5,262$3,586$2,411$484
32 years$10,269$7,179$4,909$3,296$2,180$411
33 years$9,850$6,799$4,584$3,031$1,973$349
34 years$9,456$6,444$4,283$2,789$1,787$296
35 years$9,085$6,112$4,004$2,567$1,618$251
36 years$8,735$5,801$3,746$2,364$1,466$214
37 years$8,405$5,510$3,506$2,178$1,329$181
38 years$8,094$5,236$3,283$2,008$1,205$154
39 years$7,799$4,979$3,076$1,851$1,092$131
40 years$7,519$4,737$2,883$1,708$991$111
41 years$7,254$4,509$2,703$1,575$899$94
42 years$7,002$4,294$2,536$1,454$816$80
43 years$6,763$4,092$2,380$1,342$740$68
44 years$6,535$3,900$2,234$1,239$672$58
45 years$6,318$3,719$2,097$1,144$610$49
46 years$6,110$3,548$1,970$1,057$554$42
47 years$5,913$3,386$1,851$977$503$35
48 years$5,724$3,232$1,739$902$457$30
49 years$5,543$3,087$1,635$834$415$26
50 years$5,370$2,949$1,537$771$377$22

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 $6,231 every year, while hoping to spend $33,963 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: 55/39/6 Blend
54$5,500,000$5,500,000$5,500,000$5,500,000
55$6,067,427$5,775,927$5,690,677$6,392,840
56$6,650,168$6,022,811$5,845,179$6,859,909
57$7,291,211$6,280,654$6,003,717$7,363,850
58$7,996,466$6,549,958$6,166,393$7,911,658
59$8,772,445$6,831,246$6,333,307$8,507,501
60$9,626,325$7,125,067$6,504,564$9,155,959
61$10,566,013$7,431,998$6,680,269$9,862,067
62$11,600,219$7,752,639$6,860,531$10,631,357
63$12,738,543$8,087,620$7,045,460$11,469,913
64$13,991,562$8,437,601$7,235,171$12,384,422
65$15,370,930$8,803,272$7,429,778$13,382,236
66$16,889,489$9,185,356$7,629,399$14,471,444
67$18,561,388$9,584,610$7,834,156$15,660,938
68$20,402,220$10,001,826$8,044,170$16,960,500
69$22,429,166$10,437,835$8,259,569$18,380,892
70$24,661,156$10,893,504$8,480,480$19,933,950
71$27,119,052$11,369,744$8,707,034$21,632,700
72$29,825,841$11,867,507$8,939,366$23,491,472
73$32,806,853$12,387,791$9,177,611$25,526,034
74$36,090,000$12,931,640$9,421,908$27,753,741
75$39,706,038$13,500,149$9,672,400$30,193,691
76$43,688,860$14,094,463$9,929,232$32,866,904
77$48,075,813$14,715,781$10,192,551$35,796,516
78$52,908,052$15,365,360$10,462,507$39,007,994
79$58,230,928$16,044,517$10,739,256$42,529,374
80$64,094,414$16,754,630$11,022,952$46,391,518
81$70,553,579$17,497,142$11,313,756$50,628,405
82$77,669,108$18,273,565$11,611,830$55,277,444
83$85,507,871$19,085,484$11,917,341$60,379,824
84$94,143,558$19,934,557$12,230,456$65,980,897
85$103,657,372$20,822,522$12,551,347$72,130,603
86$114,138,797$21,751,199$12,880,191$78,883,934
87$125,686,442$22,722,495$13,217,164$86,301,447
88$138,408,969$23,738,407$13,562,450$94,449,831
89$152,426,123$24,801,028$13,916,231$103,402,532
90$167,869,859$25,912,550$14,278,696$113,240,437
91$184,885,589$27,075,269$14,650,036$124,052,629
92$203,633,552$28,291,590$15,030,446$135,937,229
93$224,290,332$29,564,035$15,420,123$149,002,305
94$247,050,516$30,895,244$15,819,268$163,366,892
95$272,128,541$32,287,983$16,228,086$179,162,103
96$299,760,709$33,745,151$16,646,783$196,532,359
97$330,207,422$35,269,784$17,075,571$215,636,748
98$363,755,640$36,865,064$17,514,663$236,650,510
99$400,721,588$38,534,326$17,964,278$259,766,687
100$441,453,744$40,281,062$18,424,635$285,197,934