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%19.9%
1 years$470,701$466,508$462,417$458,425$454,526$436,492
2 years$233,020$228,680$224,474$220,396$216,441$198,496
3 years$153,804$149,445$145,250$141,210$137,319$120,028
4 years$114,203$109,858$105,705$101,734$97,937$81,431
5 years$90,449$86,130$82,031$78,141$74,450$58,771
6 years$74,618$70,332$66,293$62,490$58,910$44,068
7 years$63,315$59,064$55,090$51,377$47,910$33,900
8 years$54,841$50,629$46,721$43,099$39,746$26,553
9 years$48,254$44,082$40,241$36,711$33,472$21,077
10 years$42,987$38,856$35,083$31,645$28,519$16,898
11 years$38,681$34,591$30,886$27,540$24,528$13,653
12 years$35,095$31,047$27,411$24,157$21,255$11,097
13 years$32,063$28,058$24,490$21,327$18,535$9,063
14 years$29,467$25,504$22,004$18,931$16,248$7,430
15 years$27,218$23,298$19,867$16,884$14,306$6,110
16 years$25,253$21,375$18,012$15,117$12,643$5,037
17 years$23,521$19,686$16,390$13,583$11,210$4,161
18 years$21,983$18,191$14,962$12,241$9,968$3,443
19 years$20,608$16,859$13,697$11,061$8,885$2,853
20 years$19,372$15,666$12,571$10,018$7,936$2,367
21 years$18,256$14,592$11,563$9,092$7,102$1,965
22 years$17,242$13,621$10,657$8,266$6,366$1,633
23 years$16,318$12,740$9,840$7,528$5,714$1,357
24 years$15,472$11,936$9,100$6,866$5,136$1,129
25 years$14,695$11,202$8,428$6,271$4,622$940
26 years$13,979$10,528$7,817$5,734$4,163$782
27 years$13,318$9,908$7,259$5,248$3,753$652
28 years$12,704$9,336$6,748$4,808$3,387$543
29 years$12,134$8,808$6,279$4,409$3,058$452
30 years$11,603$8,318$5,849$4,047$2,763$377
31 years$11,107$7,863$5,453$3,717$2,498$314
32 years$10,643$7,440$5,088$3,416$2,260$262
33 years$10,208$7,046$4,750$3,141$2,045$218
34 years$9,799$6,678$4,438$2,890$1,852$182
35 years$9,415$6,334$4,150$2,660$1,677$152
36 years$9,053$6,012$3,882$2,450$1,520$126
37 years$8,711$5,710$3,633$2,257$1,377$105
38 years$8,388$5,426$3,403$2,081$1,249$88
39 years$8,082$5,160$3,188$1,919$1,132$73
40 years$7,793$4,909$2,988$1,770$1,027$61
41 years$7,518$4,673$2,802$1,633$932$51
42 years$7,257$4,451$2,628$1,507$845$43
43 years$7,009$4,241$2,466$1,391$767$35
44 years$6,772$4,042$2,315$1,284$696$30
45 years$6,547$3,855$2,174$1,186$632$25
46 years$6,333$3,677$2,042$1,096$574$21
47 years$6,128$3,509$1,918$1,012$521$17
48 years$5,932$3,350$1,802$935$473$14
49 years$5,744$3,199$1,694$864$430$12
50 years$5,565$3,056$1,593$799$391$10

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 $5,631 every year, while hoping to spend $54,752 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: 32/43/25 Blend
54$5,700,000$5,700,000$5,700,000$5,700,000
55$6,287,208$5,985,108$5,896,758$6,440,038
56$6,870,248$6,220,123$6,036,044$6,791,615
57$7,510,922$6,464,818$6,178,161$7,164,750
58$8,215,053$6,719,611$6,323,146$7,565,562
59$8,989,052$6,984,936$6,471,035$7,996,517
60$9,839,985$7,261,247$6,621,864$8,460,322
61$10,775,636$7,549,021$6,775,669$8,959,944
62$11,804,581$7,848,753$6,932,484$9,498,641
63$12,936,268$8,160,961$7,092,341$10,079,987
64$14,181,106$8,486,187$7,255,274$10,707,906
65$15,550,566$8,824,998$7,421,313$11,386,706
66$17,057,286$9,177,984$7,590,489$12,121,119
67$18,715,188$9,545,764$7,762,829$12,916,340
68$20,539,615$9,928,985$7,938,362$13,778,079
69$22,547,472$10,328,321$8,117,113$14,712,608
70$24,757,383$10,744,478$8,299,106$15,726,820
71$27,189,873$11,178,194$8,484,362$16,828,291
72$29,867,554$11,630,240$8,672,903$18,025,349
73$32,815,345$12,101,422$8,864,745$19,327,148
74$36,060,702$12,592,583$9,059,906$20,743,756
75$39,633,878$13,104,604$9,258,397$22,286,243
76$43,568,210$13,638,406$9,460,230$23,966,782
77$47,900,431$14,194,952$9,665,412$25,798,763
78$52,671,020$14,775,250$9,873,947$27,796,917
79$57,924,578$15,380,351$10,085,839$29,977,448
80$63,710,254$16,011,357$10,301,083$32,358,183
81$70,082,206$16,669,420$10,519,676$34,958,739
82$77,100,113$17,355,743$10,741,607$37,800,702
83$84,829,736$18,071,586$10,966,862$40,907,827
84$93,343,541$18,818,266$11,195,424$44,306,258
85$102,721,381$19,597,160$11,427,270$48,024,770
86$113,051,250$20,409,708$11,662,371$52,095,036
87$124,430,113$21,257,419$11,900,696$56,551,921
88$136,964,820$22,141,869$12,142,205$61,433,806
89$150,773,116$23,064,705$12,386,854$66,782,947
90$165,984,753$24,027,654$12,634,592$72,645,862
91$182,742,708$25,032,520$12,885,362$79,073,772
92$201,204,542$26,081,191$13,139,099$86,123,074
93$221,543,878$27,175,643$13,395,731$93,855,867
94$243,952,046$28,317,941$13,655,180$102,340,533
95$268,639,883$29,510,249$13,917,358$111,652,377
96$295,839,729$30,754,828$14,182,167$121,874,325
97$325,807,614$32,054,048$14,449,502$133,097,706
98$358,825,679$33,410,384$14,719,248$145,423,101
99$395,204,835$34,826,430$14,991,281$158,961,288
100$435,287,702$36,304,899$15,265,462$173,834,277