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

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 $5,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$487,216$482,877$478,642$474,510$470,474$453,601
2 years$241,196$236,704$232,351$228,130$224,035$207,218
3 years$159,200$154,689$150,346$146,165$142,137$125,905
4 years$118,210$113,713$109,414$105,304$101,373$85,850
5 years$93,623$89,152$84,909$80,883$77,063$62,289
6 years$77,236$72,799$68,619$64,683$60,977$46,964
7 years$65,536$61,137$57,023$53,179$49,591$36,334
8 years$56,765$52,406$48,360$44,611$41,140$28,630
9 years$49,947$45,628$41,653$37,999$34,646$22,865
10 years$44,496$40,219$36,314$32,755$29,520$18,449
11 years$40,038$35,805$31,970$28,507$25,388$15,003
12 years$36,327$32,136$28,373$25,004$22,001$12,277
13 years$33,188$29,042$25,349$22,075$19,185$10,095
14 years$30,501$26,398$22,776$19,596$16,818$8,335
15 years$28,174$24,115$20,564$17,476$14,808$6,903
16 years$26,139$22,125$18,644$15,648$13,087$5,732
17 years$24,346$20,377$16,965$14,059$11,604$4,770
18 years$22,754$18,829$15,487$12,670$10,318$3,977
19 years$21,331$17,450$14,178$11,449$9,196$3,320
20 years$20,052$16,216$13,012$10,369$8,214$2,775
21 years$18,897$15,104$11,968$9,411$7,351$2,322
22 years$17,847$14,099$11,031$8,556$6,589$1,945
23 years$16,891$13,187$10,185$7,792$5,915$1,630
24 years$16,015$12,355$9,419$7,107$5,316$1,367
25 years$15,211$11,595$8,724$6,491$4,784$1,146
26 years$14,470$10,897$8,091$5,935$4,309$962
27 years$13,785$10,256$7,513$5,432$3,885$808
28 years$13,150$9,664$6,985$4,977$3,506$678
29 years$12,560$9,117$6,500$4,564$3,165$570
30 years$12,010$8,610$6,054$4,189$2,860$479
31 years$11,497$8,139$5,644$3,847$2,586$402
32 years$11,016$7,701$5,266$3,535$2,339$338
33 years$10,566$7,293$4,917$3,251$2,117$284
34 years$10,143$6,912$4,594$2,991$1,917$239
35 years$9,745$6,556$4,295$2,754$1,736$201
36 years$9,371$6,223$4,018$2,536$1,573$169
37 years$9,017$5,910$3,761$2,337$1,426$142
38 years$8,682$5,617$3,522$2,154$1,292$119
39 years$8,366$5,341$3,300$1,986$1,172$100
40 years$8,066$5,082$3,093$1,832$1,063$84
41 years$7,782$4,837$2,900$1,690$964$71
42 years$7,512$4,607$2,720$1,560$875$60
43 years$7,255$4,389$2,553$1,440$794$50
44 years$7,010$4,184$2,396$1,329$721$42
45 years$6,777$3,990$2,250$1,228$654$35
46 years$6,555$3,806$2,113$1,134$594$30
47 years$6,343$3,632$1,985$1,048$540$25
48 years$6,140$3,467$1,866$968$490$21
49 years$5,946$3,311$1,754$895$445$18
50 years$5,760$3,163$1,649$827$404$15

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 $5,488 every year, while hoping to spend $56,723 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: 58/32/10 Blend
54$5,900,000$5,900,000$5,900,000$5,900,000
55$6,507,461$6,194,761$6,103,311$6,869,101
56$7,110,869$6,437,951$6,247,419$7,356,464
57$7,773,924$6,691,157$6,394,454$7,880,603
58$8,502,649$6,954,809$6,544,453$8,450,534
59$9,303,682$7,229,357$6,697,454$9,070,653
60$10,184,333$7,515,271$6,853,495$9,745,795
61$11,152,658$7,813,043$7,012,610$10,481,279
62$12,217,533$8,123,185$7,174,836$11,282,953
63$13,388,735$8,446,235$7,340,207$12,157,250
64$14,677,038$8,782,752$7,508,756$13,111,247
65$16,094,311$9,133,322$7,680,514$14,152,733
66$17,653,632$9,498,557$7,855,513$15,290,273
67$19,369,412$9,879,096$8,033,782$16,533,297
68$21,257,528$10,275,607$8,215,349$17,892,180
69$23,335,472$10,688,789$8,400,241$19,378,340
70$25,622,523$11,119,371$8,588,481$21,004,346
71$28,139,917$11,568,118$8,780,092$22,784,032
72$30,911,059$12,035,825$8,975,095$24,732,625
73$33,961,734$12,523,328$9,173,508$26,866,890
74$37,320,357$13,031,498$9,375,347$29,205,282
75$41,018,238$13,561,245$9,580,625$31,768,120
76$45,089,875$14,113,523$9,789,353$34,577,776
77$49,573,284$14,689,327$10,001,538$37,658,883
78$54,510,354$15,289,700$10,217,185$41,038,567
79$59,947,245$15,915,729$10,436,295$44,746,694
80$65,934,818$16,568,555$10,658,865$48,816,158
81$72,529,122$17,249,366$10,884,890$53,283,181
82$79,791,917$17,959,410$11,114,358$58,187,655
83$87,791,259$18,699,987$11,347,256$63,573,514
84$96,602,142$19,472,461$11,583,563$69,489,148
85$106,307,204$20,278,256$11,823,257$75,987,851
86$116,997,510$21,118,861$12,066,307$83,128,326
87$128,773,406$21,995,835$12,312,678$90,975,230
88$141,745,472$22,910,809$12,562,331$99,599,784
89$156,035,559$23,865,488$12,815,218$109,080,440
90$171,777,944$24,861,656$13,071,286$119,503,615
91$189,120,596$25,901,178$13,330,476$130,964,505
92$208,226,570$26,986,009$13,592,720$143,567,978
93$229,275,546$28,118,189$13,857,942$157,429,557
94$252,465,529$29,299,858$14,126,060$172,676,507
95$278,014,712$30,533,250$14,396,982$189,449,030
96$306,163,539$31,820,706$14,670,608$207,901,586
97$337,176,973$33,164,674$14,946,827$228,204,337
98$371,346,998$34,567,716$15,225,518$250,544,756
99$408,995,371$36,032,513$15,506,553$275,129,385
100$450,476,664$37,561,872$15,789,787$302,185,780