Can I retire at age 55 with 6,100,000?

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 $6,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$503,732$499,245$494,868$490,595$486,423$468,791
2 years$249,372$244,728$240,227$235,863$231,630$214,060
3 years$164,597$159,933$155,443$151,120$146,955$129,999
4 years$122,217$117,567$113,123$108,873$104,810$88,597
5 years$96,796$92,174$87,788$83,625$79,675$64,248
6 years$79,855$75,267$70,946$66,876$63,044$48,414
7 years$67,758$63,209$58,956$54,982$51,272$37,435
8 years$58,690$54,182$49,999$46,123$42,535$29,480
9 years$51,640$47,175$43,064$39,287$35,820$23,530
10 years$46,004$41,583$37,545$33,866$30,521$18,973
11 years$41,396$37,019$33,054$29,473$26,249$15,419
12 years$37,558$33,226$29,334$25,852$22,747$12,609
13 years$34,313$30,026$26,208$22,823$19,836$10,361
14 years$31,535$27,293$23,548$20,260$17,388$8,548
15 years$29,129$24,933$21,261$18,068$15,310$7,075
16 years$27,025$22,875$19,276$16,178$13,531$5,871
17 years$25,171$21,067$17,540$14,536$11,997$4,882
18 years$23,525$19,467$16,012$13,100$10,667$4,067
19 years$22,054$18,042$14,658$11,837$9,508$3,393
20 years$20,732$16,766$13,453$10,721$8,493$2,834
21 years$19,537$15,616$12,374$9,730$7,600$2,369
22 years$18,452$14,577$11,405$8,846$6,812$1,983
23 years$17,463$13,634$10,530$8,057$6,115$1,660
24 years$16,558$12,774$9,739$7,348$5,496$1,391
25 years$15,727$11,988$9,020$6,711$4,946$1,166
26 years$14,960$11,267$8,365$6,136$4,455$978
27 years$14,252$10,603$7,768$5,616$4,017$820
28 years$13,596$9,991$7,221$5,146$3,624$688
29 years$12,985$9,426$6,720$4,719$3,273$578
30 years$12,417$8,902$6,260$4,331$2,957$485
31 years$11,886$8,415$5,836$3,977$2,673$407
32 years$11,390$7,962$5,445$3,655$2,418$342
33 years$10,924$7,540$5,084$3,361$2,189$287
34 years$10,487$7,147$4,750$3,093$1,982$241
35 years$10,076$6,778$4,441$2,847$1,795$203
36 years$9,688$6,434$4,154$2,622$1,626$170
37 years$9,322$6,111$3,888$2,416$1,474$143
38 years$8,977$5,807$3,641$2,227$1,336$120
39 years$8,650$5,522$3,412$2,053$1,212$101
40 years$8,340$5,254$3,198$1,894$1,099$85
41 years$8,046$5,001$2,998$1,747$997$71
42 years$7,766$4,763$2,813$1,613$905$60
43 years$7,501$4,538$2,639$1,489$821$50
44 years$7,248$4,326$2,477$1,374$745$42
45 years$7,007$4,125$2,326$1,269$677$36
46 years$6,777$3,935$2,185$1,172$614$30
47 years$6,558$3,755$2,053$1,083$558$25
48 years$6,348$3,585$1,929$1,001$507$21
49 years$6,148$3,423$1,813$925$460$18
50 years$5,956$3,270$1,704$855$418$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $6,100,000, adding $4,815 every year, while hoping to spend $27,169 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: 77/10/13 Blend
54$6,100,000$6,100,000$6,100,000$6,100,000
55$6,727,167$6,403,867$6,309,317$7,227,288
56$7,384,430$6,688,749$6,491,771$7,842,374
57$8,107,824$6,986,679$6,679,427$8,512,748
58$8,904,064$7,298,269$6,872,431$9,247,089
59$9,780,553$7,624,158$7,070,931$10,051,764
60$10,745,443$7,965,016$7,275,081$10,933,785
61$11,807,722$8,321,545$7,485,040$11,900,871
62$12,977,290$8,694,481$7,700,969$12,961,521
63$14,265,056$9,084,594$7,923,035$14,125,097
64$15,683,044$9,492,690$8,151,408$15,401,908
65$17,244,499$9,919,617$8,386,265$16,803,307
66$18,964,019$10,366,260$8,627,786$18,341,797
67$20,857,689$10,833,546$8,876,156$20,031,148
68$22,943,232$11,322,448$9,131,566$21,886,528
69$25,240,179$11,833,985$9,394,211$23,924,644
70$27,770,052$12,369,225$9,664,292$26,163,895
71$30,556,566$12,929,286$9,942,015$28,624,551
72$33,625,855$13,515,340$10,227,591$31,328,938
73$37,006,715$14,128,615$10,521,239$34,301,651
74$40,730,881$14,770,398$10,823,181$37,569,780
75$44,833,320$15,442,037$11,133,647$41,163,171
76$49,352,566$16,144,945$11,452,872$45,114,701
77$54,331,082$16,880,601$11,781,097$49,460,589
78$59,815,661$17,650,559$12,118,572$54,240,736
79$65,857,865$18,456,443$12,465,551$59,499,102
80$72,514,515$19,299,956$12,822,295$65,284,114
81$79,848,227$20,182,886$13,189,073$71,649,128
82$87,928,000$21,107,101$13,566,161$78,652,926
83$96,829,871$22,074,564$13,953,842$86,360,272
84$106,637,628$23,087,328$14,352,407$94,842,520
85$117,443,607$24,147,548$14,762,153$104,178,284
86$129,349,558$25,257,481$15,183,388$114,454,183
87$142,467,606$26,419,491$15,616,425$125,765,650
88$156,921,314$27,636,058$16,061,587$138,217,836
89$172,846,844$28,909,780$16,519,206$151,926,597
90$190,394,243$30,243,381$16,989,621$167,019,587
91$209,728,863$31,639,714$17,473,181$183,637,459
92$231,032,919$33,101,771$17,970,244$201,935,192
93$254,507,207$34,632,689$18,481,177$222,083,548
94$280,373,004$36,235,752$19,006,358$244,270,685
95$308,874,153$37,914,406$19,546,174$268,703,928
96$340,279,367$39,672,263$20,101,021$295,611,722
97$374,884,764$41,513,105$20,671,307$325,245,787
98$413,016,664$43,440,902$21,257,450$357,883,492
99$455,034,668$45,459,811$21,859,879$393,830,466
100$501,335,053$47,574,190$22,479,034$433,423,483