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%18.8%
1 years$478,959$474,692$470,530$466,467$462,500$446,090
2 years$237,108$232,692$228,413$224,263$220,238$203,880
3 years$156,502$152,067$147,798$143,688$139,728$123,937
4 years$116,207$111,785$107,559$103,519$99,655$84,551
5 years$92,036$87,641$83,470$79,512$75,756$61,378
6 years$75,927$71,566$67,456$63,587$59,943$46,302
7 years$64,426$60,101$56,057$52,278$48,750$35,843
8 years$55,803$51,517$47,540$43,855$40,443$28,260
9 years$49,101$44,855$40,947$37,355$34,059$22,584
10 years$43,742$39,538$35,698$32,200$29,020$18,233
11 years$39,360$35,198$31,428$28,024$24,958$14,837
12 years$35,711$31,592$27,892$24,580$21,628$12,149
13 years$32,626$28,550$24,919$21,701$18,860$9,997
14 years$29,984$25,951$22,390$19,264$16,533$8,259
15 years$27,696$23,707$20,215$17,180$14,557$6,846
16 years$25,696$21,750$18,328$15,383$12,865$5,689
17 years$23,933$20,031$16,678$13,821$11,407$4,738
18 years$22,368$18,510$15,225$12,456$10,143$3,953
19 years$20,970$17,155$13,938$11,255$9,040$3,302
20 years$19,712$15,941$12,791$10,193$8,075$2,763
21 years$18,576$14,848$11,765$9,251$7,226$2,313
22 years$17,545$13,860$10,844$8,411$6,477$1,939
23 years$16,605$12,963$10,012$7,660$5,814$1,626
24 years$15,744$12,146$9,260$6,987$5,226$1,365
25 years$14,953$11,398$8,576$6,381$4,703$1,146
26 years$14,225$10,713$7,954$5,834$4,236$962
27 years$13,551$10,082$7,386$5,340$3,819$809
28 years$12,927$9,500$6,866$4,893$3,446$680
29 years$12,347$8,962$6,390$4,487$3,112$571
30 years$11,806$8,464$5,952$4,118$2,812$480
31 years$11,302$8,001$5,549$3,782$2,542$404
32 years$10,830$7,571$5,177$3,476$2,299$340
33 years$10,387$7,170$4,834$3,196$2,081$286
34 years$9,971$6,795$4,516$2,941$1,884$240
35 years$9,580$6,445$4,222$2,707$1,706$202
36 years$9,212$6,117$3,950$2,493$1,546$170
37 years$8,864$5,810$3,697$2,297$1,401$143
38 years$8,535$5,522$3,462$2,117$1,270$121
39 years$8,224$5,250$3,244$1,952$1,152$101
40 years$7,930$4,995$3,040$1,801$1,045$85
41 years$7,650$4,755$2,851$1,661$948$72
42 years$7,384$4,529$2,674$1,533$860$60
43 years$7,132$4,315$2,509$1,415$781$51
44 years$6,891$4,113$2,355$1,307$709$43
45 years$6,662$3,922$2,212$1,207$643$36
46 years$6,444$3,742$2,077$1,115$584$30
47 years$6,235$3,571$1,952$1,030$530$26
48 years$6,036$3,409$1,834$952$482$22
49 years$5,845$3,255$1,724$880$437$18
50 years$5,663$3,109$1,621$813$397$15

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 $5,620 every year, while hoping to spend $44,177 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: 53/31/16 Blend
54$5,800,000$5,800,000$5,800,000$5,800,000
55$6,397,397$6,089,997$6,000,097$6,708,613
56$7,002,928$6,341,403$6,154,096$7,173,439
57$7,668,742$6,603,647$6,311,774$7,673,778
58$8,400,941$6,877,214$6,473,206$8,217,196
59$9,206,250$7,162,610$6,638,472$8,807,798
60$10,092,075$7,460,366$6,807,648$9,450,097
61$11,066,579$7,771,035$6,980,816$10,149,052
62$12,138,752$8,095,199$7,158,056$10,910,118
63$13,318,504$8,433,462$7,339,450$11,739,292
64$14,616,751$8,786,462$7,525,081$12,643,171
65$16,045,521$9,154,860$7,715,033$13,629,010
66$17,618,069$9,539,353$7,909,391$14,704,791
67$19,348,998$9,940,667$8,108,241$15,879,293
68$21,254,399$10,359,562$8,311,671$17,162,176
69$23,352,002$10,796,836$8,519,766$18,564,070
70$25,661,345$11,253,319$8,732,617$20,096,672
71$28,203,956$11,729,885$8,950,313$21,772,852
72$31,003,555$12,227,445$9,172,944$23,606,777
73$34,086,281$12,746,954$9,400,601$25,614,040
74$37,480,936$13,289,409$9,633,377$27,811,803
75$41,219,259$13,855,858$9,871,362$30,218,957
76$45,336,222$14,447,393$10,114,651$32,856,302
77$49,870,362$15,065,161$10,363,337$35,746,731
78$54,864,144$15,710,359$10,617,515$38,915,454
79$60,364,363$16,384,243$10,877,277$42,390,225
80$66,422,583$17,088,125$11,142,721$46,201,604
81$73,095,624$17,823,381$11,413,939$50,383,239
82$80,446,100$18,591,449$11,691,029$54,972,186
83$88,543,009$19,393,837$11,974,085$60,009,248
84$97,462,382$20,232,121$12,263,203$65,539,362
85$107,288,002$21,107,952$12,558,477$71,612,016
86$118,112,196$22,023,059$12,860,004$78,281,710
87$130,036,703$22,979,253$13,167,878$85,608,473
88$143,173,638$23,978,427$13,482,192$93,658,416
89$157,646,545$25,022,567$13,803,042$102,504,360
90$173,591,569$26,113,748$14,130,521$112,226,511
91$191,158,735$27,254,148$14,464,719$122,913,217
92$210,513,369$28,446,044$14,805,729$134,661,793
93$231,837,652$29,691,820$15,153,641$147,579,436
94$255,332,348$30,993,974$15,508,544$161,784,231
95$281,218,692$32,355,123$15,870,524$177,406,257
96$309,740,480$33,778,005$16,239,668$194,588,811
97$341,166,370$35,265,489$16,616,058$213,489,754
98$375,792,421$36,820,579$16,999,777$234,282,990
99$413,944,882$38,446,422$17,390,904$257,160,108
100$455,983,276$40,146,312$17,789,515$282,332,173