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

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 $5,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$470,701$466,508$462,417$458,425$454,526$437,529
2 years$233,020$228,680$224,474$220,396$216,441$199,512
3 years$153,804$149,445$145,250$141,210$137,319$120,990
4 years$114,203$109,858$105,705$101,734$97,937$82,332
5 years$90,449$86,130$82,031$78,141$74,450$59,610
6 years$74,618$70,332$66,293$62,490$58,910$44,845
7 years$63,315$59,064$55,090$51,377$47,910$34,616
8 years$54,841$50,629$46,721$43,099$39,746$27,212
9 years$48,254$44,082$40,241$36,711$33,472$21,679
10 years$42,987$38,856$35,083$31,645$28,519$17,447
11 years$38,681$34,591$30,886$27,540$24,528$14,152
12 years$35,095$31,047$27,411$24,157$21,255$11,549
13 years$32,063$28,058$24,490$21,327$18,535$9,471
14 years$29,467$25,504$22,004$18,931$16,248$7,798
15 years$27,218$23,298$19,867$16,884$14,306$6,440
16 years$25,253$21,375$18,012$15,117$12,643$5,332
17 years$23,521$19,686$16,390$13,583$11,210$4,424
18 years$21,983$18,191$14,962$12,241$9,968$3,677
19 years$20,608$16,859$13,697$11,061$8,885$3,061
20 years$19,372$15,666$12,571$10,018$7,936$2,551
21 years$18,256$14,592$11,563$9,092$7,102$2,128
22 years$17,242$13,621$10,657$8,266$6,366$1,776
23 years$16,318$12,740$9,840$7,528$5,714$1,484
24 years$15,472$11,936$9,100$6,866$5,136$1,240
25 years$14,695$11,202$8,428$6,271$4,622$1,037
26 years$13,979$10,528$7,817$5,734$4,163$868
27 years$13,318$9,908$7,259$5,248$3,753$726
28 years$12,704$9,336$6,748$4,808$3,387$608
29 years$12,134$8,808$6,279$4,409$3,058$509
30 years$11,603$8,318$5,849$4,047$2,763$426
31 years$11,107$7,863$5,453$3,717$2,498$357
32 years$10,643$7,440$5,088$3,416$2,260$299
33 years$10,208$7,046$4,750$3,141$2,045$250
34 years$9,799$6,678$4,438$2,890$1,852$210
35 years$9,415$6,334$4,150$2,660$1,677$176
36 years$9,053$6,012$3,882$2,450$1,520$147
37 years$8,711$5,710$3,633$2,257$1,377$123
38 years$8,388$5,426$3,403$2,081$1,249$103
39 years$8,082$5,160$3,188$1,919$1,132$87
40 years$7,793$4,909$2,988$1,770$1,027$73
41 years$7,518$4,673$2,802$1,633$932$61
42 years$7,257$4,451$2,628$1,507$845$51
43 years$7,009$4,241$2,466$1,391$767$43
44 years$6,772$4,042$2,315$1,284$696$36
45 years$6,547$3,855$2,174$1,186$632$30
46 years$6,333$3,677$2,042$1,096$574$25
47 years$6,128$3,509$1,918$1,012$521$21
48 years$5,932$3,350$1,802$935$473$18
49 years$5,744$3,199$1,694$864$430$15
50 years$5,565$3,056$1,593$799$391$12

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 $6,755 every year, while hoping to spend $50,526 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: 61/19/20 Blend
54$5,700,000$5,700,000$5,700,000$5,700,000
55$6,288,368$5,986,268$5,897,918$6,638,844
56$6,876,022$6,225,836$6,041,739$7,116,104
57$7,521,924$6,475,449$6,188,684$7,630,548
58$8,231,960$6,735,546$6,338,806$8,190,856
59$9,012,619$7,006,587$6,492,155$8,801,490
60$9,871,046$7,289,050$6,648,782$9,467,360
61$10,815,116$7,583,437$6,808,739$10,193,870
62$11,853,504$7,890,271$6,972,078$10,986,966
63$12,995,767$8,210,100$7,138,848$11,853,195
64$14,252,437$8,543,497$7,309,102$12,799,759
65$15,635,118$8,891,060$7,482,888$13,834,588
66$17,156,592$9,253,414$7,660,258$14,966,413
67$18,830,949$9,631,216$7,841,260$16,204,842
68$20,673,707$10,025,147$8,025,944$17,560,456
69$22,701,970$10,435,924$8,214,358$19,044,904
70$24,934,582$10,864,295$8,406,550$20,671,013
71$27,392,306$11,311,042$8,602,566$22,452,907
72$30,098,021$11,776,983$8,802,452$24,406,137
73$33,076,937$12,262,973$9,006,252$26,547,830
74$36,356,835$12,769,909$9,214,011$28,896,848
75$39,968,322$13,298,724$9,425,770$31,473,962
76$43,945,128$13,850,399$9,641,571$34,302,050
77$48,324,419$14,425,957$9,861,452$37,406,307
78$53,147,150$15,026,469$10,085,451$40,814,486
79$58,458,450$15,653,056$10,313,604$44,557,154
80$64,308,046$16,306,890$10,545,944$48,667,981
81$70,750,736$16,989,197$10,782,503$53,184,052
82$77,846,904$17,701,261$11,023,309$58,146,221
83$85,663,088$18,444,422$11,268,390$63,599,491
84$94,272,610$19,220,086$11,517,768$69,593,434
85$103,756,268$20,029,722$11,771,465$76,182,662
86$114,203,097$20,874,868$12,029,498$83,427,336
87$125,711,208$21,757,132$12,291,882$91,393,734
88$138,388,717$22,678,197$12,558,626$100,154,869
89$152,354,764$23,639,827$12,829,738$109,791,184
90$167,740,636$24,643,864$13,105,220$120,391,300
91$184,691,005$25,692,237$13,385,069$132,052,853
92$203,365,298$26,786,967$13,669,279$144,883,415
93$223,939,197$27,930,167$13,957,838$159,001,503
94$246,606,298$29,124,049$14,250,729$174,537,692
95$271,579,941$30,370,928$14,547,929$191,635,852
96$299,095,219$31,673,228$14,849,409$210,454,493
97$329,411,201$33,033,485$15,155,134$231,168,267
98$362,813,373$34,454,355$15,465,060$253,969,603
99$399,616,337$35,938,619$15,779,140$279,070,527
100$440,166,777$37,489,185$16,097,315$306,704,657