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%18.7%
1 years$520,248$515,614$511,093$506,680$502,371$484,739
2 years$257,549$252,752$248,103$243,596$239,224$221,646
3 years$169,994$165,176$160,539$156,074$151,774$134,801
4 years$126,225$121,422$116,831$112,443$108,246$92,009
5 years$99,970$95,196$90,666$86,367$82,287$66,827
6 years$82,473$77,735$73,272$69,068$65,111$50,441
7 years$69,980$65,282$60,889$56,785$52,953$39,069
8 years$60,614$55,958$51,639$47,635$43,929$30,822
9 years$53,333$48,722$44,476$40,575$36,995$24,646
10 years$47,512$42,946$38,776$34,976$31,521$19,910
11 years$42,753$38,232$34,137$30,439$27,110$16,213
12 years$38,789$34,315$30,296$26,700$23,493$13,284
13 years$35,438$31,011$27,068$23,572$20,486$10,939
14 years$32,569$28,188$24,320$20,924$17,958$9,044
15 years$30,084$25,750$21,958$18,661$15,812$7,501
16 years$27,911$23,625$19,908$16,709$13,974$6,238
17 years$25,997$21,758$18,116$15,013$12,391$5,199
18 years$24,297$20,106$16,537$13,529$11,017$4,341
19 years$22,777$18,634$15,139$12,225$9,820$3,629
20 years$21,412$17,315$13,894$11,072$8,771$3,038
21 years$20,178$16,128$12,780$10,049$7,849$2,546
22 years$19,057$15,055$11,778$9,136$7,036$2,136
23 years$18,036$14,081$10,875$8,321$6,316$1,793
24 years$17,101$13,193$10,058$7,589$5,677$1,506
25 years$16,242$12,381$9,316$6,931$5,108$1,265
26 years$15,451$11,636$8,640$6,337$4,601$1,063
27 years$14,719$10,951$8,023$5,801$4,148$894
28 years$14,041$10,319$7,458$5,315$3,743$752
29 years$13,411$9,735$6,940$4,874$3,380$633
30 years$12,824$9,193$6,465$4,473$3,054$533
31 years$12,276$8,691$6,027$4,108$2,761$448
32 years$11,763$8,223$5,623$3,775$2,498$377
33 years$11,282$7,788$5,250$3,472$2,260$318
34 years$10,831$7,381$4,906$3,194$2,047$267
35 years$10,406$7,001$4,586$2,940$1,854$225
36 years$10,006$6,645$4,291$2,708$1,679$190
37 years$9,628$6,311$4,016$2,495$1,522$160
38 years$9,271$5,998$3,761$2,300$1,380$135
39 years$8,933$5,703$3,523$2,121$1,251$113
40 years$8,613$5,426$3,302$1,956$1,135$95
41 years$8,309$5,165$3,097$1,805$1,030$80
42 years$8,021$4,919$2,905$1,665$934$68
43 years$7,746$4,687$2,726$1,537$848$57
44 years$7,485$4,468$2,559$1,419$770$48
45 years$7,236$4,260$2,402$1,311$699$40
46 years$6,999$4,064$2,256$1,211$634$34
47 years$6,773$3,878$2,120$1,119$576$29
48 years$6,556$3,702$1,992$1,034$523$24
49 years$6,349$3,536$1,872$955$475$20
50 years$6,151$3,377$1,760$883$432$17

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 $5,434 every year, while hoping to spend $49,323 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: 39/37/24 Blend
54$6,300,000$6,300,000$6,300,000$6,300,000
55$6,948,205$6,614,305$6,516,655$7,169,431
56$7,604,443$6,885,927$6,682,484$7,601,857
57$8,325,964$7,169,205$6,852,215$8,064,109
58$9,119,374$7,464,658$7,025,926$8,562,976
59$9,991,954$7,772,830$7,203,698$9,101,814
60$10,951,723$8,094,288$7,385,612$9,684,313
61$12,007,516$8,429,626$7,571,747$10,314,519
62$13,169,070$8,779,465$7,762,188$10,996,879
63$14,447,112$9,144,455$7,957,018$11,736,276
64$15,853,459$9,525,276$8,156,320$12,538,074
65$17,401,136$9,922,638$8,360,181$13,408,168
66$19,104,490$10,337,286$8,568,685$14,353,035
67$20,979,332$10,769,997$8,781,920$15,379,792
68$23,043,083$11,221,586$8,999,974$16,496,265
69$25,314,938$11,692,904$9,222,933$17,711,057
70$27,816,049$12,184,843$9,450,888$19,033,625
71$30,569,720$12,698,335$9,683,927$20,474,371
72$33,601,634$13,234,355$9,922,141$22,044,733
73$36,940,088$13,793,926$10,165,620$23,757,292
74$40,616,263$14,378,115$10,414,455$25,625,885
75$44,664,519$14,988,040$10,668,736$27,665,737
76$49,122,717$15,624,871$10,928,556$29,893,597
77$54,032,578$16,289,833$11,194,006$32,327,894
78$59,440,074$16,984,208$11,465,178$34,988,906
79$65,395,864$17,709,336$11,742,164$37,898,948
80$71,955,770$18,466,622$12,025,055$41,082,581
81$79,181,308$19,257,536$12,313,944$44,566,835
82$87,140,260$20,083,614$12,608,920$48,381,463
83$95,907,324$20,946,468$12,910,076$52,559,213
84$105,564,809$21,847,783$13,217,501$57,136,140
85$116,203,417$22,789,322$13,531,285$62,151,932
86$127,923,101$23,772,934$13,851,518$67,650,285
87$140,834,000$24,800,551$14,178,287$73,679,309
88$155,057,487$25,874,197$14,511,679$80,291,973
89$170,727,311$26,995,992$14,851,780$87,546,605
90$187,990,856$28,168,156$15,198,674$95,507,430
91$207,010,538$29,393,010$15,552,444$104,245,174
92$227,965,332$30,672,987$15,913,171$113,837,720
93$251,052,467$32,010,634$16,280,933$124,370,842
94$276,489,281$33,408,618$16,655,807$135,939,003
95$304,515,279$34,869,731$17,037,868$148,646,239
96$335,394,387$36,396,898$17,427,186$162,607,134
97$369,417,449$37,993,180$17,823,831$177,947,891
98$406,904,967$39,661,784$18,227,868$194,807,518
99$448,210,131$41,406,069$18,639,358$213,339,128
100$493,722,149$43,229,550$19,058,361$233,711,373