Can I retire at age 55 with 6,000,000?

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 $6,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$495,474$491,061$486,755$482,552$478,448$461,656
2 years$245,284$240,716$236,289$231,996$227,833$211,091
3 years$161,899$157,311$152,895$148,642$144,546$128,382
4 years$120,214$115,640$111,268$107,088$103,092$87,627
5 years$95,210$90,663$86,349$82,254$78,369$63,645
6 years$78,545$74,033$69,782$65,779$62,010$48,039
7 years$66,647$62,173$57,990$54,081$50,431$37,209
8 years$57,728$53,294$49,180$45,367$41,837$29,354
9 years$50,794$46,402$42,359$38,643$35,233$23,472
10 years$45,250$40,901$36,929$33,310$30,020$18,962
11 years$40,717$36,412$32,512$28,990$25,819$15,441
12 years$36,942$32,681$28,853$25,428$22,374$12,652
13 years$33,751$29,534$25,779$22,449$19,510$10,418
14 years$31,018$26,846$23,162$19,928$17,103$8,613
15 years$28,651$24,524$20,912$17,772$15,059$7,144
16 years$26,582$22,500$18,960$15,913$13,309$5,941
17 years$24,759$20,722$17,253$14,298$11,801$4,951
18 years$23,140$19,148$15,750$12,885$10,492$4,134
19 years$21,693$17,746$14,418$11,643$9,352$3,457
20 years$20,392$16,491$13,232$10,545$8,354$2,894
21 years$19,217$15,360$12,171$9,570$7,475$2,425
22 years$18,150$14,338$11,218$8,701$6,701$2,034
23 years$17,177$13,410$10,357$7,925$6,015$1,707
24 years$16,287$12,565$9,579$7,228$5,406$1,434
25 years$15,469$11,791$8,872$6,601$4,865$1,205
26 years$14,715$11,082$8,228$6,035$4,382$1,013
27 years$14,018$10,429$7,641$5,524$3,951$852
28 years$13,373$9,828$7,103$5,061$3,565$716
29 years$12,773$9,271$6,610$4,641$3,219$603
30 years$12,213$8,756$6,157$4,260$2,909$507
31 years$11,691$8,277$5,740$3,912$2,630$427
32 years$11,203$7,832$5,355$3,595$2,379$359
33 years$10,745$7,417$5,000$3,306$2,153$303
34 years$10,315$7,029$4,672$3,042$1,949$255
35 years$9,911$6,667$4,368$2,800$1,765$215
36 years$9,529$6,328$4,086$2,579$1,599$181
37 years$9,170$6,010$3,825$2,376$1,450$152
38 years$8,830$5,712$3,582$2,190$1,314$128
39 years$8,508$5,432$3,356$2,020$1,192$108
40 years$8,203$5,168$3,145$1,863$1,081$91
41 years$7,914$4,919$2,949$1,719$981$77
42 years$7,639$4,685$2,766$1,586$890$64
43 years$7,378$4,464$2,596$1,464$808$54
44 years$7,129$4,255$2,437$1,352$733$46
45 years$6,892$4,057$2,288$1,248$666$39
46 years$6,666$3,871$2,149$1,153$604$32
47 years$6,450$3,694$2,019$1,065$549$27
48 years$6,244$3,526$1,897$985$498$23
49 years$6,047$3,367$1,783$910$453$19
50 years$5,858$3,217$1,677$841$411$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $6,000,000, adding $5,073 every year, while hoping to spend $46,149 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: 55/17/28 Blend
54$6,000,000$6,000,000$6,000,000$6,000,000
55$6,617,233$6,299,233$6,206,233$6,929,620
56$7,243,088$6,558,793$6,365,039$7,405,205
57$7,931,234$6,829,525$6,527,619$7,917,731
58$8,687,976$7,111,927$6,694,050$8,475,033
59$9,520,260$7,406,522$6,864,411$9,081,435
60$10,435,738$7,713,854$7,038,781$9,741,698
61$11,442,845$8,034,494$7,217,242$10,461,057
62$12,550,871$8,369,040$7,399,875$11,245,275
63$13,770,052$8,718,115$7,586,763$12,100,690
64$15,111,667$9,082,373$7,777,990$13,034,281
65$16,588,146$9,462,497$7,973,640$14,053,725
66$18,213,180$9,859,203$8,173,801$15,167,477
67$20,001,859$10,273,238$8,378,557$16,384,838
68$21,970,807$10,705,386$8,587,998$17,716,051
69$24,138,344$11,156,464$8,802,210$19,172,390
70$26,524,655$11,627,331$9,021,284$20,766,269
71$29,151,982$12,118,882$9,245,309$22,511,355
72$32,044,833$12,632,057$9,474,377$24,422,696
73$35,230,215$13,167,836$9,708,577$26,516,862
74$38,737,885$13,727,248$9,948,002$28,812,099
75$42,600,635$14,311,369$10,192,746$31,328,501
76$46,854,596$14,921,323$10,442,900$34,088,196
77$51,539,586$15,558,288$10,698,558$37,115,553
78$56,699,478$16,223,499$10,959,814$40,437,411
79$62,382,619$16,918,244$11,226,761$44,083,332
80$68,642,284$17,643,876$11,499,496$48,085,874
81$75,537,178$18,401,807$11,778,110$52,480,897
82$83,131,994$19,193,519$12,062,700$57,307,903
83$91,498,016$20,020,561$12,353,360$62,610,403
84$100,713,799$20,884,554$12,650,183$68,436,323
85$110,865,907$21,787,197$12,953,264$74,838,461
86$122,049,727$22,730,267$13,262,696$81,874,976
87$134,370,375$23,715,626$13,578,572$89,609,938
88$147,943,683$24,745,222$13,900,984$98,113,926
89$162,897,296$25,821,095$14,230,025$107,464,698
90$179,371,874$26,945,382$14,565,784$117,747,913
91$197,522,419$28,120,320$14,908,352$129,057,944
92$217,519,739$29,348,249$15,257,815$141,498,763
93$239,552,063$30,631,623$15,614,262$155,184,915
94$263,826,810$31,973,010$15,977,777$170,242,603
95$290,572,556$33,375,099$16,348,444$186,810,868
96$320,041,183$34,840,705$16,726,343$205,042,904
97$352,510,262$36,372,778$17,111,554$225,107,495
98$388,285,671$37,974,406$17,504,153$247,190,606
99$427,704,482$39,648,825$17,904,215$271,497,136
100$471,138,142$41,399,420$18,311,809$298,252,844