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%15.3%
1 years$462,443$458,324$454,305$450,382$446,552$436,822
2 years$228,932$224,668$220,536$216,530$212,644$202,890
3 years$151,105$146,823$142,702$138,733$134,910$125,437
4 years$112,200$107,931$103,850$99,949$96,219$87,099
5 years$88,862$84,619$80,592$76,771$73,144$64,404
6 years$73,309$69,098$65,130$61,394$57,876$49,525
7 years$62,204$58,028$54,124$50,475$47,069$39,107
8 years$53,879$49,741$45,901$42,343$39,048$31,474
9 years$47,408$43,308$39,535$36,066$32,884$25,692
10 years$42,233$38,174$34,467$31,090$28,019$21,201
11 years$38,003$33,984$30,344$27,057$24,097$17,645
12 years$34,480$30,502$26,930$23,733$20,882$14,786
13 years$31,501$27,565$24,060$20,953$18,210$12,458
14 years$28,950$25,056$21,618$18,599$15,963$10,544
15 years$26,741$22,889$19,518$16,587$14,055$8,957
16 years$24,810$21,000$17,696$14,852$12,422$7,633
17 years$23,108$19,341$16,103$13,345$11,014$6,521
18 years$21,597$17,872$14,700$12,026$9,793$5,584
19 years$20,247$16,563$13,457$10,867$8,729$4,790
20 years$19,033$15,391$12,350$9,842$7,797$4,115
21 years$17,936$14,336$11,360$8,932$6,977$3,540
22 years$16,940$13,383$10,470$8,121$6,254$3,049
23 years$16,032$12,516$9,667$7,396$5,614$2,628
24 years$15,201$11,727$8,940$6,746$5,046$2,268
25 years$14,438$11,005$8,280$6,161$4,541$1,958
26 years$13,734$10,343$7,680$5,633$4,090$1,692
27 years$13,084$9,734$7,131$5,156$3,687$1,462
28 years$12,481$9,172$6,629$4,724$3,327$1,264
29 years$11,921$8,653$6,169$4,332$3,004$1,094
30 years$11,399$8,172$5,746$3,976$2,715$947
31 years$10,912$7,725$5,357$3,651$2,454$820
32 years$10,456$7,310$4,998$3,356$2,220$710
33 years$10,029$6,922$4,667$3,086$2,009$615
34 years$9,627$6,561$4,361$2,839$1,819$532
35 years$9,250$6,223$4,077$2,614$1,648$461
36 years$8,894$5,906$3,814$2,407$1,493$400
37 years$8,558$5,610$3,570$2,218$1,353$346
38 years$8,241$5,331$3,343$2,044$1,227$300
39 years$7,941$5,069$3,132$1,885$1,112$260
40 years$7,656$4,823$2,936$1,739$1,009$226
41 years$7,386$4,591$2,753$1,604$915$196
42 years$7,130$4,372$2,582$1,480$831$170
43 years$6,886$4,166$2,423$1,367$754$147
44 years$6,654$3,971$2,274$1,262$684$127
45 years$6,432$3,787$2,135$1,165$621$111
46 years$6,221$3,613$2,006$1,076$564$96
47 years$6,020$3,447$1,884$994$512$83
48 years$5,828$3,291$1,771$919$465$72
49 years$5,644$3,143$1,664$849$422$62
50 years$5,468$3,002$1,565$785$384$54

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 $3,724 every year, while hoping to spend $25,785 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: 26/44/30 Blend
54$5,600,000$5,600,000$5,600,000$5,600,000
55$6,175,041$5,878,241$5,791,441$6,277,847
56$6,777,460$6,138,840$5,958,020$6,624,200
57$7,440,462$6,411,344$6,129,314$6,993,100
58$8,170,199$6,696,309$6,305,455$7,388,377
59$8,973,449$6,994,318$6,486,578$7,812,284
60$9,857,682$7,305,981$6,672,820$8,267,285
61$10,831,128$7,631,937$6,864,322$8,756,077
62$11,902,857$7,972,856$7,061,231$9,281,614
63$13,082,862$8,329,439$7,263,695$9,847,127
64$14,382,153$8,702,420$7,471,868$10,456,160
65$15,812,864$9,092,571$7,685,907$11,112,592
66$17,388,365$9,500,696$7,905,974$11,820,677
67$19,123,389$9,927,640$8,132,235$12,585,078
68$21,034,170$10,374,290$8,364,860$13,410,906
69$23,138,596$10,841,571$8,604,024$14,303,771
70$25,456,381$11,330,456$8,849,906$15,269,823
71$28,009,246$11,841,963$9,102,692$16,315,815
72$30,821,127$12,377,156$9,362,570$17,449,154
73$33,918,400$12,937,155$9,629,734$18,677,974
74$37,330,131$13,523,130$9,904,384$20,011,206
75$41,088,348$14,136,307$10,186,725$21,458,656
76$45,228,345$14,777,972$10,476,966$23,031,095
77$49,789,015$15,449,472$10,775,324$24,740,355
78$54,813,216$16,152,217$11,082,018$26,599,435
79$60,348,176$16,887,687$11,397,278$28,622,621
80$66,445,938$17,657,432$11,721,334$30,825,611
81$73,163,852$18,463,075$12,054,428$33,225,662
82$80,565,118$19,306,318$12,396,804$35,841,743
83$88,719,376$20,188,944$12,748,713$38,694,708
84$97,703,373$21,112,823$13,110,415$41,807,490
85$107,601,678$22,079,912$13,482,175$45,205,305
86$118,507,485$23,092,264$13,864,264$48,915,889
87$130,523,494$24,152,030$14,256,962$52,969,744
88$143,762,875$25,261,464$14,660,555$57,400,428
89$158,350,341$26,422,929$15,075,337$62,244,853
90$174,423,325$27,638,901$15,501,609$67,543,634
91$192,133,271$28,911,975$15,939,680$73,341,456
92$211,647,074$30,244,870$16,389,869$79,687,491
93$233,148,645$31,640,438$16,852,499$86,635,852
94$256,840,654$33,101,667$17,327,904$94,246,089
95$282,946,439$34,631,687$17,816,428$102,583,744
96$311,712,117$36,233,781$18,318,420$111,720,960
97$343,408,907$37,911,390$18,834,241$121,737,146
98$378,335,687$39,668,120$19,364,259$132,719,714
99$416,821,820$41,507,750$19,908,854$144,764,897
100$459,230,258$43,434,243$20,468,414$157,978,637