Can I retire at age 55 with 6,200,000?

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 $6,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$511,990$507,430$502,980$498,637$494,397$474,968
2 years$253,460$248,740$244,165$239,729$235,427$216,091
3 years$167,295$162,554$157,991$153,597$149,365$130,730
4 years$124,221$119,495$114,977$110,658$106,528$88,736
5 years$98,383$93,685$89,227$84,996$80,981$64,078
6 years$81,164$76,501$72,109$67,972$64,077$48,074
7 years$68,869$64,245$59,923$55,883$52,112$37,002
8 years$59,652$55,070$50,819$46,879$43,232$29,001
9 years$52,487$47,949$43,770$39,931$36,408$23,034
10 years$46,758$42,264$38,160$34,421$31,021$18,479
11 years$42,074$37,625$33,596$29,956$26,679$14,939
12 years$38,174$33,771$29,815$26,276$23,120$12,151
13 years$34,876$30,519$26,638$23,198$20,161$9,931
14 years$32,052$27,741$23,934$20,592$17,673$8,147
15 years$29,606$25,342$21,609$18,365$15,561$6,705
16 years$27,468$23,250$19,592$16,443$13,752$5,531
17 years$25,584$21,413$17,828$14,774$12,194$4,573
18 years$23,911$19,786$16,275$13,315$10,842$3,787
19 years$22,416$18,338$14,899$12,031$9,664$3,140
20 years$21,072$17,040$13,673$10,896$8,632$2,607
21 years$19,857$15,872$12,577$9,889$7,725$2,166
22 years$18,755$14,816$11,591$8,991$6,924$1,801
23 years$17,750$13,857$10,703$8,189$6,215$1,499
24 years$16,830$12,984$9,898$7,469$5,587$1,248
25 years$15,985$12,184$9,168$6,821$5,027$1,039
26 years$15,206$11,451$8,503$6,237$4,528$866
27 years$14,486$10,777$7,895$5,708$4,083$722
28 years$13,818$10,155$7,340$5,230$3,684$602
29 years$13,198$9,580$6,830$4,796$3,326$502
30 years$12,621$9,048$6,362$4,402$3,006$418
31 years$12,081$8,553$5,931$4,043$2,717$349
32 years$11,576$8,093$5,534$3,715$2,458$291
33 years$11,103$7,664$5,167$3,416$2,224$243
34 years$10,659$7,264$4,828$3,143$2,014$203
35 years$10,241$6,890$4,514$2,894$1,824$169
36 years$9,847$6,539$4,222$2,665$1,653$141
37 years$9,475$6,211$3,952$2,455$1,498$118
38 years$9,124$5,902$3,701$2,263$1,358$98
39 years$8,791$5,613$3,467$2,087$1,232$82
40 years$8,476$5,340$3,250$1,925$1,117$68
41 years$8,177$5,083$3,047$1,776$1,013$57
42 years$7,894$4,841$2,859$1,639$920$48
43 years$7,624$4,612$2,682$1,513$835$40
44 years$7,366$4,397$2,518$1,397$758$33
45 years$7,122$4,193$2,364$1,290$688$28
46 years$6,888$4,000$2,221$1,192$624$23
47 years$6,665$3,817$2,086$1,101$567$19
48 years$6,452$3,644$1,960$1,017$515$16
49 years$6,248$3,480$1,843$940$468$13
50 years$6,053$3,324$1,732$869$425$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $6,200,000, adding $5,945 every year, while hoping to spend $30,490 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: 64/16/20 Blend
54$6,200,000$6,200,000$6,200,000$6,200,000
55$6,838,532$6,509,932$6,413,832$7,240,957
56$7,503,621$6,796,478$6,596,255$7,798,910
57$8,235,528$7,096,042$6,783,766$8,404,228
58$9,041,035$7,409,231$6,976,505$9,064,825
59$9,927,616$7,736,679$7,174,614$9,786,108
60$10,903,507$8,079,050$7,378,237$10,574,026
61$11,977,781$8,437,041$7,587,525$11,435,128
62$13,160,439$8,811,380$7,802,631$12,376,619
63$14,462,497$9,202,831$8,023,713$13,406,432
64$15,896,095$9,612,193$8,250,930$14,533,294
65$17,474,610$10,040,304$8,484,450$15,766,817
66$19,212,783$10,488,041$8,724,442$17,117,578
67$21,126,856$10,956,325$8,971,080$18,597,223
68$23,234,727$11,446,117$9,224,543$20,218,575
69$25,556,119$11,958,425$9,485,014$21,995,749
70$28,112,763$12,494,308$9,752,682$23,944,291
71$30,928,607$13,054,872$10,027,740$26,081,315
72$34,030,040$13,641,276$10,310,384$28,425,668
73$37,446,141$14,254,735$10,600,819$30,998,105
74$41,208,953$14,896,522$10,899,251$33,821,483
75$45,353,785$15,567,971$11,205,896$36,920,973
76$49,919,549$16,270,479$11,520,971$40,324,296
77$54,949,120$17,005,510$11,844,700$44,061,986
78$60,489,747$17,774,597$12,177,315$48,167,671
79$66,593,497$18,579,348$12,519,050$52,678,391
80$73,317,744$19,421,446$12,870,148$57,634,944
81$80,725,712$20,302,655$13,230,857$63,082,269
82$88,887,075$21,224,825$13,601,431$69,069,866
83$97,878,608$22,189,893$13,982,130$75,652,265
84$107,784,916$23,199,888$14,373,222$82,889,530
85$118,699,232$24,256,937$14,774,979$90,847,832
86$130,724,297$25,363,270$15,187,684$99,600,063
87$143,973,327$26,521,222$15,611,624$109,226,525
88$158,571,086$27,733,241$16,047,092$119,815,682
89$174,655,059$29,001,892$16,494,392$131,464,994
90$192,376,753$30,329,864$16,953,833$144,281,831
91$211,903,127$31,719,972$17,425,731$158,384,483
92$233,418,166$33,175,170$17,910,413$173,903,275
93$257,124,617$34,698,552$18,408,210$190,981,790
94$283,245,907$36,293,360$18,919,464$209,778,219
95$312,028,248$37,962,993$19,444,525$230,466,854
96$343,742,962$39,711,013$19,983,749$253,239,727
97$378,689,044$41,541,152$20,537,504$278,308,413
98$417,195,982$43,457,324$21,106,166$305,906,030
99$459,626,868$45,463,629$21,690,118$336,289,426
100$506,381,826$47,564,364$22,289,755$369,741,605