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

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 $5,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$462,443$458,324$454,305$450,382$446,552$440,972
2 years$228,932$224,668$220,536$216,530$212,644$207,029
3 years$151,105$146,823$142,702$138,733$134,910$129,435
4 years$112,200$107,931$103,850$99,949$96,219$90,926
5 years$88,862$84,619$80,592$76,771$73,144$68,048
6 years$73,309$69,098$65,130$61,394$57,876$52,984
7 years$62,204$58,028$54,124$50,475$47,069$42,382
8 years$53,879$49,741$45,901$42,343$39,048$34,566
9 years$47,408$43,308$39,535$36,066$32,884$28,605
10 years$42,233$38,174$34,467$31,090$28,019$23,940
11 years$38,003$33,984$30,344$27,057$24,097$20,215
12 years$34,480$30,502$26,930$23,733$20,882$17,192
13 years$31,501$27,565$24,060$20,953$18,210$14,707
14 years$28,950$25,056$21,618$18,599$15,963$12,642
15 years$26,741$22,889$19,518$16,587$14,055$10,910
16 years$24,810$21,000$17,696$14,852$12,422$9,448
17 years$23,108$19,341$16,103$13,345$11,014$8,206
18 years$21,597$17,872$14,700$12,026$9,793$7,144
19 years$20,247$16,563$13,457$10,867$8,729$6,233
20 years$19,033$15,391$12,350$9,842$7,797$5,448
21 years$17,936$14,336$11,360$8,932$6,977$4,769
22 years$16,940$13,383$10,470$8,121$6,254$4,180
23 years$16,032$12,516$9,667$7,396$5,614$3,669
24 years$15,201$11,727$8,940$6,746$5,046$3,223
25 years$14,438$11,005$8,280$6,161$4,541$2,834
26 years$13,734$10,343$7,680$5,633$4,090$2,493
27 years$13,084$9,734$7,131$5,156$3,687$2,196
28 years$12,481$9,172$6,629$4,724$3,327$1,935
29 years$11,921$8,653$6,169$4,332$3,004$1,705
30 years$11,399$8,172$5,746$3,976$2,715$1,504
31 years$10,912$7,725$5,357$3,651$2,454$1,327
32 years$10,456$7,310$4,998$3,356$2,220$1,171
33 years$10,029$6,922$4,667$3,086$2,009$1,034
34 years$9,627$6,561$4,361$2,839$1,819$913
35 years$9,250$6,223$4,077$2,614$1,648$807
36 years$8,894$5,906$3,814$2,407$1,493$713
37 years$8,558$5,610$3,570$2,218$1,353$630
38 years$8,241$5,331$3,343$2,044$1,227$557
39 years$7,941$5,069$3,132$1,885$1,112$492
40 years$7,656$4,823$2,936$1,739$1,009$435
41 years$7,386$4,591$2,753$1,604$915$385
42 years$7,130$4,372$2,582$1,480$831$340
43 years$6,886$4,166$2,423$1,367$754$301
44 years$6,654$3,971$2,274$1,262$684$266
45 years$6,432$3,787$2,135$1,165$621$235
46 years$6,221$3,613$2,006$1,076$564$208
47 years$6,020$3,447$1,884$994$512$184
48 years$5,828$3,291$1,771$919$465$163
49 years$5,644$3,143$1,664$849$422$144
50 years$5,468$3,002$1,565$785$384$127

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 $2,217 every year, while hoping to spend $45,007 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: 80/9/11 Blend
54$5,600,000$5,600,000$5,600,000$5,600,000
55$6,173,487$5,876,687$5,789,887$6,655,382
56$6,755,295$6,116,757$5,935,961$7,212,076
57$7,394,940$6,367,083$6,085,420$7,816,747
58$8,098,272$6,628,119$6,238,330$8,478,972
59$8,871,740$6,900,340$6,394,758$9,204,489
60$9,722,445$7,184,245$6,554,770$9,999,614
61$10,658,215$7,480,353$6,718,435$10,871,303
62$11,687,672$7,789,209$6,885,822$11,827,219
63$12,820,316$8,111,382$7,056,999$12,875,798
64$14,066,616$8,447,467$7,232,036$14,026,333
65$15,438,105$8,798,088$7,411,003$15,289,059
66$16,947,492$9,163,895$7,593,972$16,675,250
67$18,608,780$9,545,569$7,781,014$18,197,324
68$20,437,397$9,943,823$7,972,200$19,868,957
69$22,450,345$10,359,404$8,167,601$21,705,217
70$24,666,356$10,793,090$8,367,292$23,722,701
71$27,106,071$11,245,699$8,571,343$25,939,691
72$29,792,235$11,718,083$8,779,828$28,376,328
73$32,749,910$12,211,136$8,992,819$31,054,800
74$36,006,713$12,725,794$9,210,391$33,999,550
75$39,593,073$13,263,033$9,432,614$37,237,506
76$43,542,523$13,823,878$9,659,563$40,798,335
77$47,892,012$14,409,399$9,891,310$44,714,721
78$52,682,255$15,020,718$10,127,927$49,022,673
79$57,958,119$15,659,007$10,369,486$53,761,865
80$63,769,043$16,325,494$10,616,060$58,976,006
81$70,169,505$17,021,463$10,867,718$64,713,255
82$77,219,539$17,748,260$11,124,531$71,026,672
83$84,985,298$18,507,291$11,386,569$77,974,718
84$93,539,680$19,300,029$11,653,900$85,621,807
85$102,963,014$20,128,017$11,926,592$94,038,912
86$113,343,820$20,992,869$12,204,712$103,304,232
87$124,779,643$21,896,273$12,488,323$113,503,930
88$137,377,976$22,839,999$12,777,491$124,732,944
89$151,257,268$23,825,898$13,072,276$137,095,885
90$166,548,051$24,855,908$13,372,738$150,708,017
91$183,394,163$25,932,059$13,678,936$165,696,347
92$201,954,113$27,056,474$13,990,925$182,200,824
93$222,402,570$28,231,380$14,308,759$200,375,653
94$244,932,018$29,459,103$14,632,489$220,390,753
95$269,754,568$30,742,083$14,962,161$242,433,358
96$297,103,961$32,082,873$15,297,821$266,709,780
97$327,237,777$33,484,145$15,639,510$293,447,359
98$360,439,863$34,948,701$15,987,266$322,896,604
99$397,023,012$36,479,470$16,341,122$355,333,554
100$437,331,918$38,079,523$16,701,109$391,062,385