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%12.8%
1 years$520,248$515,614$511,093$506,680$502,371$496,505
2 years$257,549$252,752$248,103$243,596$239,224$233,320
3 years$169,994$165,176$160,539$156,074$151,774$146,014
4 years$126,225$121,422$116,831$112,443$108,246$102,676
5 years$99,970$95,196$90,666$86,367$82,287$76,923
6 years$82,473$77,735$73,272$69,068$65,111$59,959
7 years$69,980$65,282$60,889$56,785$52,953$48,015
8 years$60,614$55,958$51,639$47,635$43,929$39,205
9 years$53,333$48,722$44,476$40,575$36,995$32,482
10 years$47,512$42,946$38,776$34,976$31,521$27,218
11 years$42,753$38,232$34,137$30,439$27,110$23,011
12 years$38,789$34,315$30,296$26,700$23,493$19,595
13 years$35,438$31,011$27,068$23,572$20,486$16,784
14 years$32,569$28,188$24,320$20,924$17,958$14,446
15 years$30,084$25,750$21,958$18,661$15,812$12,485
16 years$27,911$23,625$19,908$16,709$13,974$10,827
17 years$25,997$21,758$18,116$15,013$12,391$9,416
18 years$24,297$20,106$16,537$13,529$11,017$8,210
19 years$22,777$18,634$15,139$12,225$9,820$7,173
20 years$21,412$17,315$13,894$11,072$8,771$6,279
21 years$20,178$16,128$12,780$10,049$7,849$5,504
22 years$19,057$15,055$11,778$9,136$7,036$4,832
23 years$18,036$14,081$10,875$8,321$6,316$4,247
24 years$17,101$13,193$10,058$7,589$5,677$3,737
25 years$16,242$12,381$9,316$6,931$5,108$3,291
26 years$15,451$11,636$8,640$6,337$4,601$2,901
27 years$14,719$10,951$8,023$5,801$4,148$2,558
28 years$14,041$10,319$7,458$5,315$3,743$2,258
29 years$13,411$9,735$6,940$4,874$3,380$1,993
30 years$12,824$9,193$6,465$4,473$3,054$1,761
31 years$12,276$8,691$6,027$4,108$2,761$1,556
32 years$11,763$8,223$5,623$3,775$2,498$1,376
33 years$11,282$7,788$5,250$3,472$2,260$1,217
34 years$10,831$7,381$4,906$3,194$2,047$1,076
35 years$10,406$7,001$4,586$2,940$1,854$952
36 years$10,006$6,645$4,291$2,708$1,679$843
37 years$9,628$6,311$4,016$2,495$1,522$746
38 years$9,271$5,998$3,761$2,300$1,380$661
39 years$8,933$5,703$3,523$2,121$1,251$585
40 years$8,613$5,426$3,302$1,956$1,135$518
41 years$8,309$5,165$3,097$1,805$1,030$459
42 years$8,021$4,919$2,905$1,665$934$406
43 years$7,746$4,687$2,726$1,537$848$360
44 years$7,485$4,468$2,559$1,419$770$319
45 years$7,236$4,260$2,402$1,311$699$283
46 years$6,999$4,064$2,256$1,211$634$250
47 years$6,773$3,878$2,120$1,119$576$222
48 years$6,556$3,702$1,992$1,034$523$197
49 years$6,349$3,536$1,872$955$475$174
50 years$6,151$3,377$1,760$883$432$154

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 $5,200 every year, while hoping to spend $41,442 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: 65/28/7 Blend
54$6,300,000$6,300,000$6,300,000$6,300,000
55$6,947,964$6,614,064$6,516,414$7,390,497
56$7,612,562$6,894,059$6,690,620$7,965,466
57$8,343,561$7,186,385$6,869,273$8,587,981
58$9,147,688$7,491,602$7,052,478$9,266,998
59$10,032,359$7,810,297$7,240,342$10,008,008
60$11,005,742$8,143,084$7,432,976$10,817,049
61$12,076,837$8,490,605$7,630,490$11,700,767
62$13,255,562$8,853,532$7,832,999$12,666,471
63$14,552,844$9,232,570$8,040,619$13,722,204
64$15,980,723$9,628,455$8,253,469$14,876,813
65$17,552,466$10,041,958$8,471,669$16,140,039
66$19,282,690$10,473,887$8,695,343$17,522,598
67$21,187,503$10,925,086$8,924,616$19,036,284
68$23,284,653$11,396,440$9,159,615$20,694,081
69$25,593,698$11,888,875$9,400,472$22,510,279
70$28,136,186$12,403,362$9,647,319$24,500,607
71$30,935,864$12,940,913$9,900,291$26,682,384
72$34,018,898$13,502,593$10,159,526$29,074,674
73$37,414,119$14,089,514$10,425,164$31,698,467
74$41,153,300$14,702,841$10,697,348$34,576,874
75$45,271,450$15,343,794$10,976,223$37,735,340
76$49,807,147$16,013,649$11,261,935$41,201,886
77$54,802,903$16,713,744$11,554,637$45,007,366
78$60,305,562$17,445,481$11,854,480$49,185,758
79$66,366,744$18,210,324$12,161,620$53,774,479
80$73,043,332$19,009,810$12,476,214$58,814,737
81$80,398,008$19,845,547$12,798,424$64,351,915
82$88,499,845$20,719,219$13,128,411$70,435,997
83$97,424,959$21,632,590$13,466,343$77,122,036
84$107,257,225$22,587,508$13,812,386$84,470,665
85$118,089,073$23,585,906$14,166,711$92,548,674
86$130,022,355$24,629,812$14,529,492$101,429,626
87$143,169,309$25,721,347$14,900,905$111,194,555
88$157,653,621$26,862,735$15,281,127$121,932,722
89$173,611,585$28,056,304$15,670,339$133,742,453
90$191,193,395$29,304,492$16,068,725$146,732,061
91$210,564,564$30,609,854$16,476,470$161,020,867
92$231,907,480$31,975,067$16,893,761$176,740,316
93$255,423,130$33,402,933$17,320,790$194,035,212
94$281,333,001$34,896,389$17,757,748$213,065,082
95$309,881,166$36,458,510$18,204,831$234,005,675
96$341,336,587$38,092,520$18,662,236$257,050,609
97$375,995,659$39,801,793$19,130,161$282,413,198
98$414,185,003$41,589,868$19,608,808$310,328,454
99$456,264,550$43,460,448$20,098,379$341,055,299
100$502,630,941$45,417,416$20,599,081$374,879,002