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

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 $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%12.1%
1 years$503,732$499,245$494,868$490,595$486,423$482,146
2 years$249,372$244,728$240,227$235,863$231,630$227,320
3 years$164,597$159,933$155,443$151,120$146,955$142,746
4 years$122,217$117,567$113,123$108,873$104,810$100,734
5 years$96,796$92,174$87,788$83,625$79,675$75,744
6 years$79,855$75,267$70,946$66,876$63,044$59,263
7 years$67,758$63,209$58,956$54,982$51,272$47,642
8 years$58,690$54,182$49,999$46,123$42,535$39,057
9 years$51,640$47,175$43,064$39,287$35,820$32,493
10 years$46,004$41,583$37,545$33,866$30,521$27,342
11 years$41,396$37,019$33,054$29,473$26,249$23,216
12 years$37,558$33,226$29,334$25,852$22,747$19,857
13 years$34,313$30,026$26,208$22,823$19,836$17,086
14 years$31,535$27,293$23,548$20,260$17,388$14,775
15 years$29,129$24,933$21,261$18,068$15,310$12,829
16 years$27,025$22,875$19,276$16,178$13,531$11,179
17 years$25,171$21,067$17,540$14,536$11,997$9,770
18 years$23,525$19,467$16,012$13,100$10,667$8,561
19 years$22,054$18,042$14,658$11,837$9,508$7,518
20 years$20,732$16,766$13,453$10,721$8,493$6,614
21 years$19,537$15,616$12,374$9,730$7,600$5,829
22 years$18,452$14,577$11,405$8,846$6,812$5,144
23 years$17,463$13,634$10,530$8,057$6,115$4,546
24 years$16,558$12,774$9,739$7,348$5,496$4,021
25 years$15,727$11,988$9,020$6,711$4,946$3,561
26 years$14,960$11,267$8,365$6,136$4,455$3,156
27 years$14,252$10,603$7,768$5,616$4,017$2,799
28 years$13,596$9,991$7,221$5,146$3,624$2,484
29 years$12,985$9,426$6,720$4,719$3,273$2,206
30 years$12,417$8,902$6,260$4,331$2,957$1,959
31 years$11,886$8,415$5,836$3,977$2,673$1,742
32 years$11,390$7,962$5,445$3,655$2,418$1,549
33 years$10,924$7,540$5,084$3,361$2,189$1,378
34 years$10,487$7,147$4,750$3,093$1,982$1,226
35 years$10,076$6,778$4,441$2,847$1,795$1,091
36 years$9,688$6,434$4,154$2,622$1,626$971
37 years$9,322$6,111$3,888$2,416$1,474$865
38 years$8,977$5,807$3,641$2,227$1,336$770
39 years$8,650$5,522$3,412$2,053$1,212$686
40 years$8,340$5,254$3,198$1,894$1,099$611
41 years$8,046$5,001$2,998$1,747$997$545
42 years$7,766$4,763$2,813$1,613$905$485
43 years$7,501$4,538$2,639$1,489$821$433
44 years$7,248$4,326$2,477$1,374$745$386
45 years$7,007$4,125$2,326$1,269$677$344
46 years$6,777$3,935$2,185$1,172$614$306
47 years$6,558$3,755$2,053$1,083$558$273
48 years$6,348$3,585$1,929$1,001$507$244
49 years$6,148$3,423$1,813$925$460$217
50 years$5,956$3,270$1,704$855$418$194

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 $5,972 every year, while hoping to spend $25,816 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: 62/13/25 Blend
54$6,100,000$6,100,000$6,100,000$6,100,000
55$6,728,360$6,405,060$6,310,510$7,100,540
56$7,387,185$6,691,440$6,494,444$7,639,876
57$8,112,344$6,990,987$6,683,675$8,225,143
58$8,910,578$7,304,320$6,878,352$8,863,627
59$9,789,310$7,632,085$7,078,631$9,560,528
60$10,756,724$7,974,961$7,284,669$10,321,571
61$11,821,834$8,333,659$7,496,630$11,153,054
62$12,994,576$8,708,922$7,714,681$12,061,910
63$14,285,894$9,101,532$7,938,994$13,055,769
64$15,707,852$9,512,303$8,169,748$14,143,030
65$17,273,741$9,942,094$8,407,122$15,332,936
66$18,998,207$10,391,801$8,651,305$16,635,667
67$20,897,388$10,862,364$8,902,488$18,062,425
68$22,989,069$11,354,767$9,160,869$19,625,548
69$25,292,846$11,870,042$9,426,650$21,338,618
70$27,830,313$12,409,271$9,700,039$23,216,590
71$30,625,267$12,973,587$9,981,252$25,275,932
72$33,703,927$13,564,176$10,270,507$27,534,779
73$37,095,190$14,182,283$10,568,032$30,013,100
74$40,830,896$14,829,211$10,874,057$32,732,889
75$44,946,132$15,506,327$11,188,822$35,718,366
76$49,479,562$16,215,062$11,512,573$38,996,208
77$54,473,793$16,956,915$11,845,559$42,595,794
78$59,975,776$17,733,460$12,188,042$46,549,484
79$66,037,249$18,546,344$12,540,286$50,892,923
80$72,715,227$19,397,294$12,902,564$55,665,370
81$80,072,538$20,288,118$13,275,157$60,910,071
82$88,178,415$21,220,714$13,658,353$66,674,664
83$97,109,154$22,197,070$14,052,448$73,011,623
84$106,948,829$23,219,268$14,457,747$79,978,754
85$117,790,089$24,289,491$14,874,561$87,639,739
86$129,735,031$25,410,029$15,303,211$96,064,727
87$142,896,163$26,583,279$15,744,028$105,331,002
88$157,397,467$27,811,756$16,197,348$115,523,703
89$173,375,570$29,098,094$16,663,521$126,736,630
90$190,981,032$30,445,054$17,142,903$139,073,119
91$210,379,767$31,855,531$17,635,860$152,647,019
92$231,754,612$33,332,561$18,142,769$167,583,763
93$255,307,048$34,879,322$18,664,018$184,021,544
94$281,259,106$36,499,148$19,200,002$202,112,622
95$309,855,463$38,195,534$19,751,130$222,024,750
96$341,365,748$39,972,143$20,317,821$243,942,758
97$376,087,091$41,832,815$20,900,504$268,070,292
98$414,346,924$43,781,573$21,499,621$294,631,731
99$456,506,078$45,822,637$22,115,626$323,874,299
100$502,962,182$47,960,430$22,748,983$356,070,398