Can I retire at age 55 with 5,700,000?

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 $5,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$470,701$466,508$462,417$458,425$454,526$441,747
2 years$233,020$228,680$224,474$220,396$216,441$203,664
3 years$153,804$149,445$145,250$141,210$137,319$124,944
4 years$114,203$109,858$105,705$101,734$97,937$86,059
5 years$90,449$86,130$82,031$78,141$74,450$63,102
6 years$74,618$70,332$66,293$62,490$58,910$48,101
7 years$63,315$59,064$55,090$51,377$47,910$37,641
8 years$54,841$50,629$46,721$43,099$39,746$30,012
9 years$48,254$44,082$40,241$36,711$33,472$24,263
10 years$42,987$38,856$35,083$31,645$28,519$19,824
11 years$38,681$34,591$30,886$27,540$24,528$16,331
12 years$35,095$31,047$27,411$24,157$21,255$13,542
13 years$32,063$28,058$24,490$21,327$18,535$11,288
14 years$29,467$25,504$22,004$18,931$16,248$9,450
15 years$27,218$23,298$19,867$16,884$14,306$7,938
16 years$25,253$21,375$18,012$15,117$12,643$6,688
17 years$23,521$19,686$16,390$13,583$11,210$5,648
18 years$21,983$18,191$14,962$12,241$9,968$4,779
19 years$20,608$16,859$13,697$11,061$8,885$4,051
20 years$19,372$15,666$12,571$10,018$7,936$3,438
21 years$18,256$14,592$11,563$9,092$7,102$2,922
22 years$17,242$13,621$10,657$8,266$6,366$2,485
23 years$16,318$12,740$9,840$7,528$5,714$2,116
24 years$15,472$11,936$9,100$6,866$5,136$1,802
25 years$14,695$11,202$8,428$6,271$4,622$1,537
26 years$13,979$10,528$7,817$5,734$4,163$1,311
27 years$13,318$9,908$7,259$5,248$3,753$1,118
28 years$12,704$9,336$6,748$4,808$3,387$954
29 years$12,134$8,808$6,279$4,409$3,058$815
30 years$11,603$8,318$5,849$4,047$2,763$696
31 years$11,107$7,863$5,453$3,717$2,498$595
32 years$10,643$7,440$5,088$3,416$2,260$508
33 years$10,208$7,046$4,750$3,141$2,045$434
34 years$9,799$6,678$4,438$2,890$1,852$371
35 years$9,415$6,334$4,150$2,660$1,677$317
36 years$9,053$6,012$3,882$2,450$1,520$271
37 years$8,711$5,710$3,633$2,257$1,377$232
38 years$8,388$5,426$3,403$2,081$1,249$198
39 years$8,082$5,160$3,188$1,919$1,132$170
40 years$7,793$4,909$2,988$1,770$1,027$145
41 years$7,518$4,673$2,802$1,633$932$124
42 years$7,257$4,451$2,628$1,507$845$106
43 years$7,009$4,241$2,466$1,391$767$91
44 years$6,772$4,042$2,315$1,284$696$78
45 years$6,547$3,855$2,174$1,186$632$66
46 years$6,333$3,677$2,042$1,096$574$57
47 years$6,128$3,509$1,918$1,012$521$49
48 years$5,932$3,350$1,802$935$473$42
49 years$5,744$3,199$1,694$864$430$36
50 years$5,565$3,056$1,593$799$391$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $5,700,000, adding $2,390 every year, while hoping to spend $41,525 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: 63/13/24 Blend
54$5,700,000$5,700,000$5,700,000$5,700,000
55$6,283,865$5,981,765$5,893,415$6,639,978
56$6,880,637$6,230,690$6,046,662$7,129,920
57$7,536,888$6,490,419$6,203,652$7,659,998
58$8,258,641$6,761,440$6,364,464$8,238,042
59$9,052,532$7,044,260$6,529,183$8,868,750
60$9,925,873$7,339,411$6,697,893$9,557,292
61$10,886,718$7,647,449$6,870,679$10,309,358
62$11,943,945$7,968,955$7,047,628$11,131,210
63$13,107,332$8,304,539$7,228,829$12,029,744
64$14,387,656$8,654,837$7,414,371$13,012,549
65$15,796,789$9,020,517$7,604,344$14,087,983
66$17,347,814$9,402,274$7,798,842$15,265,246
67$19,055,145$9,800,840$7,997,958$16,554,468
68$20,934,667$10,216,978$8,201,786$17,966,805
69$23,003,881$10,651,488$8,410,424$19,514,541
70$25,282,072$11,105,206$8,623,968$21,211,203
71$27,790,489$11,579,007$8,842,517$23,071,687
72$30,552,549$12,073,809$9,066,172$25,112,400
73$33,594,054$12,590,570$9,295,033$27,351,412
74$36,943,433$13,130,294$9,529,202$29,808,624
75$40,632,018$13,694,032$9,768,785$32,505,955
76$44,694,329$14,282,885$10,013,884$35,467,549
77$49,168,408$14,898,004$10,264,607$38,719,999
78$54,096,173$15,540,594$10,521,059$42,292,600
79$59,523,817$16,211,918$10,783,349$46,217,620
80$65,502,241$16,913,296$11,051,586$50,530,604
81$72,087,534$17,646,112$11,325,878$55,270,710
82$79,341,505$18,411,814$11,606,338$60,481,074
83$87,332,264$19,211,918$11,893,076$66,209,216
84$96,134,866$20,048,012$12,186,204$72,507,488
85$105,832,015$20,921,759$12,485,835$79,433,566
86$116,514,853$21,834,897$12,792,083$87,050,988
87$128,283,812$22,789,251$13,105,061$95,429,760
88$141,249,564$23,786,727$13,424,884$104,647,004
89$155,534,068$24,829,326$13,751,667$114,787,694
90$171,271,719$25,919,139$14,085,523$125,945,447
91$188,610,616$27,058,357$14,426,569$138,223,412
92$207,713,958$28,249,277$14,774,919$151,735,233
93$228,761,592$29,494,301$15,130,689$166,606,127
94$251,951,699$30,795,947$15,493,992$182,974,054
95$277,502,675$32,156,850$15,864,943$200,991,028
96$305,655,185$33,579,773$16,243,656$220,824,536
97$336,674,439$35,067,607$16,630,243$242,659,127
98$370,852,693$36,623,382$17,024,818$266,698,144
99$408,512,009$38,250,269$17,427,491$293,165,642
100$450,007,295$39,951,593$17,838,373$322,308,498