Can I retire at age 55 with 5,600,000?

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 $5,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$462,443$458,324$454,305$450,382$446,552$437,357
2 years$228,932$224,668$220,536$216,530$212,644$203,422
3 years$151,105$146,823$142,702$138,733$134,910$125,949
4 years$112,200$107,931$103,850$99,949$96,219$87,587
5 years$88,862$84,619$80,592$76,771$73,144$64,867
6 years$73,309$69,098$65,130$61,394$57,876$49,962
7 years$62,204$58,028$54,124$50,475$47,069$39,520
8 years$53,879$49,741$45,901$42,343$39,048$31,861
9 years$47,408$43,308$39,535$36,066$32,884$26,055
10 years$42,233$38,174$34,467$31,090$28,019$21,541
11 years$38,003$33,984$30,344$27,057$24,097$17,962
12 years$34,480$30,502$26,930$23,733$20,882$15,080
13 years$31,501$27,565$24,060$20,953$18,210$12,732
14 years$28,950$25,056$21,618$18,599$15,963$10,798
15 years$26,741$22,889$19,518$16,587$14,055$9,192
16 years$24,810$21,000$17,696$14,852$12,422$7,850
17 years$23,108$19,341$16,103$13,345$11,014$6,721
18 years$21,597$17,872$14,700$12,026$9,793$5,767
19 years$20,247$16,563$13,457$10,867$8,729$4,958
20 years$19,033$15,391$12,350$9,842$7,797$4,269
21 years$17,936$14,336$11,360$8,932$6,977$3,681
22 years$16,940$13,383$10,470$8,121$6,254$3,178
23 years$16,032$12,516$9,667$7,396$5,614$2,746
24 years$15,201$11,727$8,940$6,746$5,046$2,375
25 years$14,438$11,005$8,280$6,161$4,541$2,055
26 years$13,734$10,343$7,680$5,633$4,090$1,780
27 years$13,084$9,734$7,131$5,156$3,687$1,542
28 years$12,481$9,172$6,629$4,724$3,327$1,337
29 years$11,921$8,653$6,169$4,332$3,004$1,160
30 years$11,399$8,172$5,746$3,976$2,715$1,006
31 years$10,912$7,725$5,357$3,651$2,454$873
32 years$10,456$7,310$4,998$3,356$2,220$758
33 years$10,029$6,922$4,667$3,086$2,009$658
34 years$9,627$6,561$4,361$2,839$1,819$571
35 years$9,250$6,223$4,077$2,614$1,648$496
36 years$8,894$5,906$3,814$2,407$1,493$431
37 years$8,558$5,610$3,570$2,218$1,353$375
38 years$8,241$5,331$3,343$2,044$1,227$326
39 years$7,941$5,069$3,132$1,885$1,112$283
40 years$7,656$4,823$2,936$1,739$1,009$246
41 years$7,386$4,591$2,753$1,604$915$214
42 years$7,130$4,372$2,582$1,480$831$186
43 years$6,886$4,166$2,423$1,367$754$161
44 years$6,654$3,971$2,274$1,262$684$140
45 years$6,432$3,787$2,135$1,165$621$122
46 years$6,221$3,613$2,006$1,076$564$106
47 years$6,020$3,447$1,884$994$512$92
48 years$5,828$3,291$1,771$919$465$80
49 years$5,644$3,143$1,664$849$422$70
50 years$5,468$3,002$1,565$785$384$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $5,600,000, adding $6,573 every year, while hoping to spend $50,758 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: 55/32/13 Blend
54$5,600,000$5,600,000$5,600,000$5,600,000
55$6,177,980$5,881,180$5,794,380$6,496,656
56$6,754,128$6,115,352$5,934,486$6,947,918
57$7,387,342$6,359,297$6,077,584$7,432,951
58$8,083,388$6,613,440$6,223,721$7,959,904
59$8,848,622$6,878,227$6,372,943$8,532,782
60$9,690,042$7,154,120$6,525,297$9,155,991
61$10,615,361$7,441,607$6,680,830$9,834,374
62$11,633,076$7,741,194$6,839,586$10,573,257
63$12,752,549$8,053,412$7,001,611$11,378,500
64$13,984,095$8,378,815$7,166,951$12,256,546
65$15,339,078$8,717,982$7,335,649$13,214,484
66$16,830,020$9,071,519$7,507,750$14,260,114
67$18,470,719$9,440,060$7,683,296$15,402,015
68$20,276,376$9,824,267$7,862,330$16,649,631
69$22,263,742$10,224,832$8,044,893$18,013,351
70$24,451,273$10,642,478$8,231,027$19,504,611
71$26,859,306$11,077,963$8,420,770$21,135,996
72$29,510,250$11,532,078$8,614,160$22,921,359
73$32,428,796$12,005,650$8,811,235$24,875,949
74$35,642,151$12,499,544$9,012,029$27,016,552
75$39,180,295$13,014,667$9,216,577$29,361,646
76$43,076,264$13,551,964$9,424,910$31,931,576
77$47,366,458$14,112,425$9,637,060$34,748,743
78$52,090,988$14,697,086$9,853,054$37,837,808
79$57,294,056$15,307,030$10,072,917$41,225,929
80$63,024,364$15,943,389$10,296,675$44,943,009
81$69,335,583$16,607,349$10,524,347$49,021,978
82$76,286,852$17,300,148$10,755,952$53,499,100
83$83,943,340$18,023,085$10,991,506$58,414,311
84$92,376,860$18,777,515$11,231,020$63,811,593
85$101,666,545$19,564,859$11,474,505$69,739,389
86$111,899,595$20,386,600$11,721,964$76,251,049
87$123,172,104$21,244,293$11,973,399$83,405,337
88$135,589,959$22,139,564$12,228,809$91,266,977
89$149,269,846$23,074,113$12,488,185$99,907,264
90$164,340,347$24,049,722$12,751,515$109,404,727
91$180,943,155$25,068,251$13,018,785$119,845,870
92$199,234,414$26,131,652$13,289,970$131,325,983
93$219,386,185$27,241,964$13,565,045$143,950,034
94$241,588,077$28,401,321$13,843,976$157,833,658
95$266,049,034$29,611,959$14,126,722$173,104,240
96$292,999,306$30,876,216$14,413,238$189,902,115
97$322,692,624$32,196,539$14,703,470$208,381,883
98$355,408,593$33,575,491$14,997,358$228,713,866
99$391,455,333$35,015,754$15,294,833$251,085,706
100$431,172,385$36,520,133$15,595,817$275,704,131