Can I retire at age 55 with 5,900,000?

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 $5,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$487,216$482,877$478,642$474,510$470,474$465,367
2 years$241,196$236,704$232,351$228,130$224,035$218,893
3 years$159,200$154,689$150,346$146,165$142,137$137,120
4 years$118,210$113,713$109,414$105,304$101,373$96,519
5 years$93,623$89,152$84,909$80,883$77,063$72,386
6 years$77,236$72,799$68,619$64,683$60,977$56,483
7 years$65,536$61,137$57,023$53,179$49,591$45,282
8 years$56,765$52,406$48,360$44,611$41,140$37,016
9 years$49,947$45,628$41,653$37,999$34,646$30,705
10 years$44,496$40,219$36,314$32,755$29,520$25,759
11 years$40,038$35,805$31,970$28,507$25,388$21,805
12 years$36,327$32,136$28,373$25,004$22,001$18,591
13 years$33,188$29,042$25,349$22,075$19,185$15,945
14 years$30,501$26,398$22,776$19,596$16,818$13,743
15 years$28,174$24,115$20,564$17,476$14,808$11,893
16 years$26,139$22,125$18,644$15,648$13,087$10,328
17 years$24,346$20,377$16,965$14,059$11,604$8,995
18 years$22,754$18,829$15,487$12,670$10,318$7,854
19 years$21,331$17,450$14,178$11,449$9,196$6,872
20 years$20,052$16,216$13,012$10,369$8,214$6,024
21 years$18,897$15,104$11,968$9,411$7,351$5,289
22 years$17,847$14,099$11,031$8,556$6,589$4,650
23 years$16,891$13,187$10,185$7,792$5,915$4,093
24 years$16,015$12,355$9,419$7,107$5,316$3,607
25 years$15,211$11,595$8,724$6,491$4,784$3,182
26 years$14,470$10,897$8,091$5,935$4,309$2,809
27 years$13,785$10,256$7,513$5,432$3,885$2,481
28 years$13,150$9,664$6,985$4,977$3,506$2,193
29 years$12,560$9,117$6,500$4,564$3,165$1,939
30 years$12,010$8,610$6,054$4,189$2,860$1,716
31 years$11,497$8,139$5,644$3,847$2,586$1,519
32 years$11,016$7,701$5,266$3,535$2,339$1,345
33 years$10,566$7,293$4,917$3,251$2,117$1,192
34 years$10,143$6,912$4,594$2,991$1,917$1,056
35 years$9,745$6,556$4,295$2,754$1,736$936
36 years$9,371$6,223$4,018$2,536$1,573$830
37 years$9,017$5,910$3,761$2,337$1,426$736
38 years$8,682$5,617$3,522$2,154$1,292$652
39 years$8,366$5,341$3,300$1,986$1,172$579
40 years$8,066$5,082$3,093$1,832$1,063$513
41 years$7,782$4,837$2,900$1,690$964$455
42 years$7,512$4,607$2,720$1,560$875$404
43 years$7,255$4,389$2,553$1,440$794$359
44 years$7,010$4,184$2,396$1,329$721$318
45 years$6,777$3,990$2,250$1,228$654$283
46 years$6,555$3,806$2,113$1,134$594$251
47 years$6,343$3,632$1,985$1,048$540$223
48 years$6,140$3,467$1,866$968$490$198
49 years$5,946$3,311$1,754$895$445$175
50 years$5,760$3,163$1,649$827$404$156

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $5,900,000, adding $3,887 every year, while hoping to spend $37,185 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: 53/33/14 Blend
54$5,900,000$5,900,000$5,900,000$5,900,000
55$6,505,809$6,193,109$6,101,659$6,826,200
56$7,129,837$6,457,007$6,266,500$7,309,139
57$7,816,270$6,732,590$6,435,617$7,830,018
58$8,571,433$7,020,390$6,609,114$8,395,906
59$9,402,297$7,320,967$6,787,097$9,011,083
60$10,316,541$7,634,904$6,969,675$9,680,252
61$11,322,627$7,962,813$7,156,958$10,408,582
62$12,429,879$8,305,335$7,349,059$11,201,758
63$13,648,569$8,663,139$7,546,095$12,066,029
64$14,990,017$9,036,926$7,748,183$13,008,265
65$16,466,695$9,427,432$7,955,444$14,036,024
66$18,092,347$9,835,426$8,168,001$15,157,615
67$19,882,116$10,261,711$8,385,978$16,382,182
68$21,852,688$10,707,132$8,609,505$17,719,779
69$24,022,451$11,172,570$8,838,712$19,181,471
70$26,411,664$11,658,949$9,073,732$20,779,429
71$29,042,654$12,167,237$9,314,702$22,527,049
72$31,940,019$12,698,446$9,561,759$24,439,068
73$35,130,869$13,253,638$9,815,046$26,531,708
74$38,645,074$13,833,922$10,074,706$28,822,820
75$42,515,550$14,440,463$10,340,887$31,332,053
76$46,778,568$15,074,477$10,613,739$34,081,036
77$51,474,096$15,737,241$10,893,413$37,093,574
78$56,646,177$16,430,090$11,180,066$40,395,879
79$62,343,346$17,154,422$11,473,857$44,016,802
80$68,619,082$17,911,704$11,774,946$47,988,112
81$75,532,319$18,703,468$12,083,498$52,344,784
82$83,148,001$19,531,324$12,399,680$57,125,329
83$91,537,691$20,396,952$12,723,663$62,372,152
84$100,780,250$21,302,117$13,055,620$68,131,948
85$110,962,580$22,248,666$13,395,728$74,456,139
86$122,180,444$23,238,531$13,744,166$81,401,352
87$134,539,371$24,273,740$14,101,117$89,029,949
88$148,155,648$25,356,415$14,466,765$97,410,611
89$163,157,423$26,488,778$14,841,301$106,618,981
90$179,685,911$27,673,160$15,224,916$116,738,372
91$197,896,727$28,911,998$15,617,804$127,860,545
92$217,961,357$30,207,849$16,020,163$140,086,572
93$240,068,772$31,563,391$16,432,196$153,527,779
94$264,427,218$32,981,428$16,854,105$168,306,795
95$291,266,175$34,464,898$17,286,099$184,558,697
96$320,838,528$36,016,882$17,728,386$202,432,284
97$353,422,952$37,640,603$18,181,181$222,091,464
98$389,326,543$39,339,442$18,644,700$243,716,802
99$428,887,715$41,116,939$19,119,162$267,507,209
100$472,479,397$42,976,805$19,604,790$293,681,816