Can I retire at age 55 with 6,300,000?

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$520,248$515,614$511,093$506,680$502,371$488,050
2 years$257,549$252,752$248,103$243,596$239,224$224,908
3 years$169,994$165,176$160,539$156,074$151,774$137,910
4 years$126,225$121,422$116,831$112,443$108,246$94,942
5 years$99,970$95,196$90,666$86,367$82,287$69,578
6 years$82,473$77,735$73,272$69,068$65,111$53,009
7 years$69,980$65,282$60,889$56,785$52,953$41,459
8 years$60,614$55,958$51,639$47,635$43,929$33,036
9 years$53,333$48,722$44,476$40,575$36,995$26,692
10 years$47,512$42,946$38,776$34,976$31,521$21,795
11 years$42,753$38,232$34,137$30,439$27,110$17,943
12 years$38,789$34,315$30,296$26,700$23,493$14,869
13 years$35,438$31,011$27,068$23,572$20,486$12,386
14 years$32,569$28,188$24,320$20,924$17,958$10,361
15 years$30,084$25,750$21,958$18,661$15,812$8,698
16 years$27,911$23,625$19,908$16,709$13,974$7,323
17 years$25,997$21,758$18,116$15,013$12,391$6,179
18 years$24,297$20,106$16,537$13,529$11,017$5,225
19 years$22,777$18,634$15,139$12,225$9,820$4,425
20 years$21,412$17,315$13,894$11,072$8,771$3,753
21 years$20,178$16,128$12,780$10,049$7,849$3,187
22 years$19,057$15,055$11,778$9,136$7,036$2,709
23 years$18,036$14,081$10,875$8,321$6,316$2,304
24 years$17,101$13,193$10,058$7,589$5,677$1,962
25 years$16,242$12,381$9,316$6,931$5,108$1,671
26 years$15,451$11,636$8,640$6,337$4,601$1,424
27 years$14,719$10,951$8,023$5,801$4,148$1,214
28 years$14,041$10,319$7,458$5,315$3,743$1,035
29 years$13,411$9,735$6,940$4,874$3,380$883
30 years$12,824$9,193$6,465$4,473$3,054$754
31 years$12,276$8,691$6,027$4,108$2,761$643
32 years$11,763$8,223$5,623$3,775$2,498$549
33 years$11,282$7,788$5,250$3,472$2,260$469
34 years$10,831$7,381$4,906$3,194$2,047$401
35 years$10,406$7,001$4,586$2,940$1,854$342
36 years$10,006$6,645$4,291$2,708$1,679$292
37 years$9,628$6,311$4,016$2,495$1,522$250
38 years$9,271$5,998$3,761$2,300$1,380$213
39 years$8,933$5,703$3,523$2,121$1,251$182
40 years$8,613$5,426$3,302$1,956$1,135$156
41 years$8,309$5,165$3,097$1,805$1,030$133
42 years$8,021$4,919$2,905$1,665$934$114
43 years$7,746$4,687$2,726$1,537$848$97
44 years$7,485$4,468$2,559$1,419$770$83
45 years$7,236$4,260$2,402$1,311$699$71
46 years$6,999$4,064$2,256$1,211$634$61
47 years$6,773$3,878$2,120$1,119$576$52
48 years$6,556$3,702$1,992$1,034$523$44
49 years$6,349$3,536$1,872$955$475$38
50 years$6,151$3,377$1,760$883$432$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $6,300,000, adding $2,298 every year, while hoping to spend $33,412 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: 31/41/28 Blend
54$6,300,000$6,300,000$6,300,000$6,300,000
55$6,944,970$6,611,070$6,513,420$7,100,605
56$7,617,807$6,899,463$6,696,070$7,509,666
57$8,358,154$7,200,866$6,883,718$7,946,584
58$9,172,860$7,515,884$7,076,498$8,416,247
59$10,069,476$7,845,146$7,274,544$8,921,544
60$11,056,316$8,189,312$7,477,996$9,465,641
61$12,142,547$8,549,075$7,686,995$10,052,008
62$13,338,266$8,925,159$7,901,689$10,684,447
63$14,654,600$9,318,322$8,122,225$11,367,129
64$16,103,808$9,729,359$8,348,759$12,104,630
65$17,699,400$10,159,101$8,581,446$12,901,966
66$19,456,262$10,608,420$8,820,447$13,764,646
67$21,390,797$11,078,229$9,065,929$14,698,713
68$23,521,079$11,569,483$9,318,058$15,710,801
69$25,867,026$12,083,184$9,577,010$16,808,195
70$28,450,583$12,620,381$9,842,960$17,998,896
71$31,295,934$13,182,171$10,116,091$19,291,690
72$34,429,728$13,769,706$10,396,589$20,696,229
73$37,881,329$14,384,191$10,684,644$22,223,118
74$41,683,097$15,026,889$10,980,451$23,884,013
75$45,870,688$15,699,121$11,284,212$25,691,720
76$50,483,395$16,402,274$11,596,129$27,660,318
77$55,564,515$17,137,800$11,916,413$29,805,283
78$61,161,762$17,907,218$12,245,279$32,143,632
79$67,327,712$18,712,123$12,582,947$34,694,075
80$74,120,304$19,554,182$12,929,641$37,477,188
81$81,603,383$20,435,145$13,285,592$40,515,600
82$89,847,305$21,356,844$13,651,036$43,834,202
83$98,929,598$22,321,198$14,026,214$47,460,376
84$108,935,698$23,330,218$14,411,374$51,424,245
85$119,959,752$24,386,011$14,806,767$55,758,951
86$132,105,507$25,490,785$15,212,654$60,500,960
87$145,487,289$26,646,854$15,629,298$65,690,400
88$160,231,084$27,856,642$16,056,971$71,371,432
89$176,475,725$29,122,688$16,495,951$77,592,656
90$194,374,204$30,447,654$16,946,519$84,407,565
91$214,095,112$31,834,329$17,408,967$91,875,036
92$235,824,238$33,285,635$17,883,592$100,059,882
93$259,766,314$34,804,635$18,370,696$109,033,448
94$286,146,954$36,394,538$18,870,591$118,874,278
95$315,214,781$38,058,708$19,383,593$129,668,847
96$347,243,772$39,800,668$19,910,026$141,512,359
97$382,535,848$41,624,112$20,450,224$154,509,642
98$421,423,723$43,532,912$21,004,524$168,776,121
99$464,274,040$45,531,122$21,573,274$184,438,893
100$511,490,841$47,622,996$22,156,827$201,637,919