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

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 $5,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$478,959$474,692$470,530$466,467$462,500$458,242
2 years$237,108$232,692$228,413$224,263$220,238$215,948
3 years$156,502$152,067$147,798$143,688$139,728$135,539
4 years$116,207$111,785$107,559$103,519$99,655$95,600
5 years$92,036$87,641$83,470$79,512$75,756$71,846
6 years$75,927$71,566$67,456$63,587$59,943$56,183
7 years$64,426$60,101$56,057$52,278$48,750$45,141
8 years$55,803$51,517$47,540$43,855$40,443$36,985
9 years$49,101$44,855$40,947$37,355$34,059$30,752
10 years$43,742$39,538$35,698$32,200$29,020$25,861
11 years$39,360$35,198$31,428$28,024$24,958$21,945
12 years$35,711$31,592$27,892$24,580$21,628$18,758
13 years$32,626$28,550$24,919$21,701$18,860$16,130
14 years$29,984$25,951$22,390$19,264$16,533$13,939
15 years$27,696$23,707$20,215$17,180$14,557$12,095
16 years$25,696$21,750$18,328$15,383$12,865$10,532
17 years$23,933$20,031$16,678$13,821$11,407$9,199
18 years$22,368$18,510$15,225$12,456$10,143$8,054
19 years$20,970$17,155$13,938$11,255$9,040$7,068
20 years$19,712$15,941$12,791$10,193$8,075$6,214
21 years$18,576$14,848$11,765$9,251$7,226$5,472
22 years$17,545$13,860$10,844$8,411$6,477$4,826
23 years$16,605$12,963$10,012$7,660$5,814$4,261
24 years$15,744$12,146$9,260$6,987$5,226$3,767
25 years$14,953$11,398$8,576$6,381$4,703$3,333
26 years$14,225$10,713$7,954$5,834$4,236$2,951
27 years$13,551$10,082$7,386$5,340$3,819$2,615
28 years$12,927$9,500$6,866$4,893$3,446$2,319
29 years$12,347$8,962$6,390$4,487$3,112$2,058
30 years$11,806$8,464$5,952$4,118$2,812$1,827
31 years$11,302$8,001$5,549$3,782$2,542$1,622
32 years$10,830$7,571$5,177$3,476$2,299$1,441
33 years$10,387$7,170$4,834$3,196$2,081$1,281
34 years$9,971$6,795$4,516$2,941$1,884$1,139
35 years$9,580$6,445$4,222$2,707$1,706$1,013
36 years$9,212$6,117$3,950$2,493$1,546$901
37 years$8,864$5,810$3,697$2,297$1,401$801
38 years$8,535$5,522$3,462$2,117$1,270$713
39 years$8,224$5,250$3,244$1,952$1,152$635
40 years$7,930$4,995$3,040$1,801$1,045$565
41 years$7,650$4,755$2,851$1,661$948$503
42 years$7,384$4,529$2,674$1,533$860$448
43 years$7,132$4,315$2,509$1,415$781$399
44 years$6,891$4,113$2,355$1,307$709$355
45 years$6,662$3,922$2,212$1,207$643$316
46 years$6,444$3,742$2,077$1,115$584$282
47 years$6,235$3,571$1,952$1,030$530$251
48 years$6,036$3,409$1,834$952$482$224
49 years$5,845$3,255$1,724$880$437$199
50 years$5,663$3,109$1,621$813$397$177

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 $5,945 every year, while hoping to spend $57,787 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: 33/47/20 Blend
54$5,800,000$5,800,000$5,800,000$5,800,000
55$6,397,732$6,090,332$6,000,432$6,569,216
56$6,988,816$6,327,274$6,139,962$6,934,116
57$7,638,254$6,573,888$6,282,229$7,321,408
58$8,351,936$6,830,589$6,427,264$7,737,613
59$9,136,353$7,097,808$6,575,097$8,185,309
60$9,998,655$7,375,995$6,725,757$8,667,324
61$10,946,720$7,665,620$6,879,272$9,186,762
62$11,989,225$7,967,176$7,035,667$9,747,025
63$13,135,733$8,281,174$7,194,969$10,351,851
64$14,396,779$8,608,152$7,357,201$11,005,339
65$15,783,969$8,948,670$7,522,386$11,711,991
66$17,310,092$9,303,313$7,690,544$12,476,751
67$18,989,238$9,672,693$7,861,694$13,305,048
68$20,836,933$10,057,448$8,035,854$14,202,848
69$22,870,283$10,458,246$8,213,038$15,176,704
70$25,108,137$10,875,784$8,393,259$16,233,816
71$27,571,261$11,310,792$8,576,528$17,382,099
72$30,282,540$11,764,031$8,762,852$18,630,252
73$33,267,189$12,236,298$8,952,237$19,987,838
74$36,552,990$12,728,424$9,144,685$21,465,373
75$40,170,558$13,241,280$9,340,195$23,074,418
76$44,153,627$13,775,775$9,538,763$24,827,688
77$48,539,367$14,332,858$9,740,382$26,739,168
78$53,368,738$14,913,524$9,945,041$28,824,241
79$58,686,874$15,518,811$10,152,723$31,099,830
80$64,543,506$16,149,804$10,363,411$33,584,551
81$70,993,438$16,807,639$10,577,080$36,298,889
82$78,097,058$17,493,502$10,793,701$39,265,385
83$85,920,909$18,208,635$11,013,241$42,508,842
84$94,538,318$18,954,334$11,235,661$46,056,559
85$104,030,087$19,731,958$11,460,917$49,938,581
86$114,485,257$20,542,924$11,688,958$54,187,976
87$126,001,942$21,388,717$11,919,727$58,841,147
88$138,688,264$22,270,888$12,153,162$63,938,163
89$152,663,366$23,191,060$12,389,192$69,523,140
90$168,058,538$24,150,931$12,627,738$75,644,643
91$185,018,458$25,152,276$12,868,717$82,356,143
92$203,702,556$26,196,952$13,112,034$89,716,516
93$224,286,517$27,286,903$13,357,587$97,790,588
94$246,963,939$28,424,159$13,605,265$106,649,743
95$271,948,166$29,610,847$13,854,945$116,372,588
96$299,474,291$30,849,191$14,106,498$127,045,687
97$329,801,385$32,141,518$14,359,782$138,764,371
98$363,214,934$33,490,260$14,614,643$151,633,631
99$400,029,541$34,897,967$14,870,917$165,769,096
100$440,591,888$36,367,301$15,128,427$181,298,118