Can I retire at age 55 with 5,800,000?

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 $5,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$478,959$474,692$470,530$466,467$462,500$449,135
2 years$237,108$232,692$228,413$224,263$220,238$206,879
3 years$156,502$152,067$147,798$143,688$139,728$126,794
4 years$116,207$111,785$107,559$103,519$99,655$87,245
5 years$92,036$87,641$83,470$79,512$75,756$63,904
6 years$75,927$71,566$67,456$63,587$59,943$48,660
7 years$64,426$60,101$56,057$52,278$48,750$38,035
8 years$55,803$51,517$47,540$43,855$40,443$30,290
9 years$49,101$44,855$40,947$37,355$34,059$24,458
10 years$43,742$39,538$35,698$32,200$29,020$19,959
11 years$39,360$35,198$31,428$28,024$24,958$16,421
12 years$35,711$31,592$27,892$24,580$21,628$13,598
13 years$32,626$28,550$24,919$21,701$18,860$11,320
14 years$29,984$25,951$22,390$19,264$16,533$9,463
15 years$27,696$23,707$20,215$17,180$14,557$7,938
16 years$25,696$21,750$18,328$15,383$12,865$6,678
17 years$23,933$20,031$16,678$13,821$11,407$5,632
18 years$22,368$18,510$15,225$12,456$10,143$4,758
19 years$20,970$17,155$13,938$11,255$9,040$4,027
20 years$19,712$15,941$12,791$10,193$8,075$3,413
21 years$18,576$14,848$11,765$9,251$7,226$2,896
22 years$17,545$13,860$10,844$8,411$6,477$2,459
23 years$16,605$12,963$10,012$7,660$5,814$2,090
24 years$15,744$12,146$9,260$6,987$5,226$1,778
25 years$14,953$11,398$8,576$6,381$4,703$1,513
26 years$14,225$10,713$7,954$5,834$4,236$1,289
27 years$13,551$10,082$7,386$5,340$3,819$1,098
28 years$12,927$9,500$6,866$4,893$3,446$935
29 years$12,347$8,962$6,390$4,487$3,112$797
30 years$11,806$8,464$5,952$4,118$2,812$680
31 years$11,302$8,001$5,549$3,782$2,542$580
32 years$10,830$7,571$5,177$3,476$2,299$495
33 years$10,387$7,170$4,834$3,196$2,081$422
34 years$9,971$6,795$4,516$2,941$1,884$360
35 years$9,580$6,445$4,222$2,707$1,706$307
36 years$9,212$6,117$3,950$2,493$1,546$262
37 years$8,864$5,810$3,697$2,297$1,401$224
38 years$8,535$5,522$3,462$2,117$1,270$191
39 years$8,224$5,250$3,244$1,952$1,152$163
40 years$7,930$4,995$3,040$1,801$1,045$139
41 years$7,650$4,755$2,851$1,661$948$119
42 years$7,384$4,529$2,674$1,533$860$102
43 years$7,132$4,315$2,509$1,415$781$87
44 years$6,891$4,113$2,355$1,307$709$74
45 years$6,662$3,922$2,212$1,207$643$63
46 years$6,444$3,742$2,077$1,115$584$54
47 years$6,235$3,571$1,952$1,030$530$46
48 years$6,036$3,409$1,834$952$482$39
49 years$5,845$3,255$1,724$880$437$34
50 years$5,663$3,109$1,621$813$397$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $5,800,000, adding $6,722 every year, while hoping to spend $57,355 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: 30/41/29 Blend
54$5,800,000$5,800,000$5,800,000$5,800,000
55$6,398,534$6,091,134$6,001,234$6,533,332
56$6,990,159$6,328,574$6,141,250$6,877,114
57$7,640,208$6,575,727$6,284,034$7,241,228
58$8,354,578$6,833,007$6,429,619$7,631,807
59$9,139,770$7,100,848$6,578,035$8,051,193
60$10,002,941$7,379,704$6,729,314$8,501,959
61$10,951,979$7,670,048$6,883,484$8,986,923
62$11,995,574$7,972,374$7,040,575$9,509,181
63$13,143,301$8,287,199$7,200,612$10,072,128
64$14,405,708$8,615,061$7,363,622$10,679,491
65$15,794,416$8,956,525$7,529,630$11,335,362
66$17,322,231$9,312,180$7,698,657$12,044,235
67$19,003,262$9,682,641$7,870,726$12,811,045
68$20,853,055$10,068,550$8,045,855$13,641,214
69$22,888,737$10,470,579$8,224,062$14,540,700
70$25,129,182$10,889,432$8,405,362$15,516,047
71$27,595,185$11,325,840$8,589,768$16,574,451
72$30,309,660$11,780,572$8,777,291$17,723,820
73$33,297,853$12,254,428$8,967,938$18,972,848
74$36,587,585$12,748,246$9,161,715$20,331,095
75$40,209,511$13,262,902$9,358,624$21,809,071
76$44,197,407$13,799,311$9,558,665$23,418,338
77$48,588,495$14,358,429$9,761,832$25,171,611
78$53,423,787$14,941,257$9,968,119$27,082,877
79$58,748,475$15,548,841$10,177,513$29,167,523
80$64,612,358$16,182,273$10,389,998$31,442,477
81$71,070,311$16,842,697$10,605,556$33,926,369
82$78,182,802$17,531,307$10,824,160$36,639,694
83$86,016,460$18,249,354$11,045,783$39,605,010
84$94,644,711$18,998,145$11,270,388$42,847,143
85$104,148,463$19,779,045$11,497,937$46,393,417
86$114,616,872$20,593,484$11,728,384$50,273,908
87$126,148,184$21,442,956$11,961,676$54,521,726
88$138,850,663$22,329,025$12,197,756$59,173,315
89$152,843,608$23,253,325$12,436,559$64,268,801
90$168,258,485$24,217,566$12,678,012$69,852,360
91$185,240,160$25,223,537$12,922,036$75,972,631
92$203,948,276$26,273,109$13,168,543$82,683,170
93$224,558,747$27,368,239$13,417,437$90,042,948
94$247,265,432$28,510,975$13,668,613$98,116,904
95$272,281,951$29,703,458$13,921,957$106,976,549
96$299,843,711$30,947,929$14,177,344$116,700,634
97$330,210,125$32,246,733$14,434,640$127,375,890
98$363,667,057$33,602,322$14,693,700$139,097,835
99$400,529,525$35,017,263$14,954,367$151,971,672
100$441,144,669$36,494,242$15,216,471$166,113,270