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%14%
1 years$520,248$515,614$511,093$506,680$502,371$494,048
2 years$257,549$252,752$248,103$243,596$239,224$230,864
3 years$169,994$165,176$160,539$156,074$151,774$143,635
4 years$126,225$121,422$116,831$112,443$108,246$100,393
5 years$99,970$95,196$90,666$86,367$82,287$74,741
6 years$82,473$77,735$73,272$69,068$65,111$57,881
7 years$69,980$65,282$60,889$56,785$52,953$46,042
8 years$60,614$55,958$51,639$47,635$43,929$37,335
9 years$53,333$48,722$44,476$40,575$36,995$30,714
10 years$47,512$42,946$38,776$34,976$31,521$25,549
11 years$42,753$38,232$34,137$30,439$27,110$21,439
12 years$38,789$34,315$30,296$26,700$23,493$18,116
13 years$35,438$31,011$27,068$23,572$20,486$15,396
14 years$32,569$28,188$24,320$20,924$17,958$13,146
15 years$30,084$25,750$21,958$18,661$15,812$11,269
16 years$27,911$23,625$19,908$16,709$13,974$9,691
17 years$25,997$21,758$18,116$15,013$12,391$8,357
18 years$24,297$20,106$16,537$13,529$11,017$7,224
19 years$22,777$18,634$15,139$12,225$9,820$6,256
20 years$21,412$17,315$13,894$11,072$8,771$5,428
21 years$20,178$16,128$12,780$10,049$7,849$4,716
22 years$19,057$15,055$11,778$9,136$7,036$4,102
23 years$18,036$14,081$10,875$8,321$6,316$3,572
24 years$17,101$13,193$10,058$7,589$5,677$3,114
25 years$16,242$12,381$9,316$6,931$5,108$2,716
26 years$15,451$11,636$8,640$6,337$4,601$2,371
27 years$14,719$10,951$8,023$5,801$4,148$2,071
28 years$14,041$10,319$7,458$5,315$3,743$1,810
29 years$13,411$9,735$6,940$4,874$3,380$1,583
30 years$12,824$9,193$6,465$4,473$3,054$1,385
31 years$12,276$8,691$6,027$4,108$2,761$1,212
32 years$11,763$8,223$5,623$3,775$2,498$1,061
33 years$11,282$7,788$5,250$3,472$2,260$929
34 years$10,831$7,381$4,906$3,194$2,047$813
35 years$10,406$7,001$4,586$2,940$1,854$712
36 years$10,006$6,645$4,291$2,708$1,679$624
37 years$9,628$6,311$4,016$2,495$1,522$547
38 years$9,271$5,998$3,761$2,300$1,380$479
39 years$8,933$5,703$3,523$2,121$1,251$420
40 years$8,613$5,426$3,302$1,956$1,135$368
41 years$8,309$5,165$3,097$1,805$1,030$323
42 years$8,021$4,919$2,905$1,665$934$283
43 years$7,746$4,687$2,726$1,537$848$248
44 years$7,485$4,468$2,559$1,419$770$217
45 years$7,236$4,260$2,402$1,311$699$191
46 years$6,999$4,064$2,256$1,211$634$167
47 years$6,773$3,878$2,120$1,119$576$147
48 years$6,556$3,702$1,992$1,034$523$129
49 years$6,349$3,536$1,872$955$475$113
50 years$6,151$3,377$1,760$883$432$99

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 $3,503 every year, while hoping to spend $47,363 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: 44/27/29 Blend
54$6,300,000$6,300,000$6,300,000$6,300,000
55$6,946,213$6,612,313$6,514,663$7,193,183
56$7,604,333$6,885,923$6,682,511$7,643,756
57$8,327,994$7,171,352$6,854,394$8,127,110
58$9,123,831$7,469,129$7,030,397$8,650,197
59$9,999,154$7,779,809$7,210,608$9,216,743
60$10,962,018$8,103,970$7,395,113$9,830,846
61$12,021,296$8,442,217$7,584,003$10,497,006
62$13,186,768$8,795,185$7,777,366$11,220,171
63$14,469,206$9,163,537$7,975,295$12,005,779
64$15,880,480$9,547,965$8,177,882$12,859,812
65$17,433,669$9,949,196$8,385,222$13,788,844
66$19,143,186$10,367,989$8,597,409$14,800,107
67$21,024,908$10,805,138$8,814,540$15,901,554
68$23,096,333$11,261,474$9,036,712$17,101,934
69$25,376,741$11,737,868$9,264,023$18,410,872
70$27,887,374$12,235,229$9,496,574$19,838,956
71$30,651,642$12,754,511$9,734,464$21,397,836
72$33,695,337$13,296,709$9,977,796$23,100,331
73$37,046,881$13,862,868$10,226,673$24,960,550
74$40,737,594$14,454,080$10,481,197$26,994,019
75$44,801,985$15,071,486$10,741,474$29,217,826
76$49,278,083$15,716,284$11,007,608$31,650,781
77$54,207,791$16,389,726$11,279,707$34,313,589
78$59,637,284$17,093,121$11,557,876$37,229,042
79$65,617,445$17,827,842$11,842,223$40,422,234
80$72,204,343$18,595,325$12,132,856$43,920,790
81$79,459,763$19,397,073$12,429,883$47,755,127
82$87,451,789$20,234,660$12,733,415$51,958,737
83$96,255,447$21,109,733$13,043,559$56,568,497
84$105,953,410$22,024,017$13,360,425$61,625,017
85$116,636,782$22,979,318$13,684,124$67,173,014
86$128,405,956$23,977,527$14,014,765$73,261,737
87$141,371,561$25,020,624$14,352,457$79,945,420
88$155,655,506$26,110,680$14,697,310$87,283,795
89$171,392,131$27,249,866$15,049,433$95,342,648
90$188,729,474$28,440,455$15,408,934$104,194,437
91$207,830,669$29,684,827$15,775,923$113,918,969
92$228,875,486$30,985,472$16,150,505$124,604,149
93$252,062,027$32,345,001$16,532,788$136,346,802
94$277,608,593$33,766,146$16,922,876$149,253,587
95$305,755,751$35,251,768$17,320,873$163,441,989
96$336,768,598$36,804,865$17,726,883$179,041,430
97$370,939,266$38,428,575$18,141,005$196,194,478
98$408,589,682$40,126,186$18,563,339$215,058,190
99$450,074,600$41,901,140$18,993,982$235,805,583
100$495,784,956$43,757,042$19,433,027$258,627,265