Can I retire at age 55 with 6,400,000?

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 $6,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$528,506$523,798$519,205$514,722$510,345$494,206
2 years$261,637$256,764$252,041$247,463$243,021$226,908
3 years$172,692$167,798$163,088$158,552$154,183$138,601
4 years$128,228$123,349$118,686$114,228$109,964$95,033
5 years$101,557$96,707$92,105$87,738$83,593$69,352
6 years$83,782$78,969$74,435$70,165$66,144$52,606
7 years$71,090$66,318$61,856$57,686$53,793$40,956
8 years$61,576$56,847$52,458$48,392$44,627$32,482
9 years$54,180$49,495$45,182$41,219$37,582$26,117
10 years$48,267$43,628$39,391$35,531$32,022$21,219
11 years$43,432$38,839$34,679$30,923$27,540$17,379
12 years$39,405$34,860$30,777$27,123$23,865$14,325
13 years$36,001$31,503$27,497$23,946$20,811$11,869
14 years$33,086$28,636$24,706$21,256$18,243$9,874
15 years$30,561$26,159$22,306$18,957$16,062$8,242
16 years$28,354$24,000$20,224$16,974$14,196$6,899
17 years$26,409$22,104$18,403$15,251$12,587$5,788
18 years$24,682$20,425$16,800$13,744$11,192$4,865
19 years$23,139$18,929$15,379$12,419$9,976$4,096
20 years$21,752$17,590$14,114$11,248$8,910$3,453
21 years$20,498$16,384$12,982$10,208$7,974$2,914
22 years$19,360$15,294$11,965$9,282$7,147$2,461
23 years$18,322$14,304$11,048$8,453$6,416$2,080
24 years$17,373$13,402$10,217$7,709$5,767$1,760
25 years$16,500$12,577$9,463$7,041$5,189$1,489
26 years$15,696$11,821$8,777$6,438$4,674$1,261
27 years$14,953$11,125$8,150$5,893$4,214$1,068
28 years$14,264$10,483$7,577$5,399$3,803$905
29 years$13,624$9,889$7,051$4,951$3,434$767
30 years$13,028$9,339$6,567$4,544$3,103$650
31 years$12,471$8,829$6,123$4,173$2,805$551
32 years$11,950$8,354$5,712$3,835$2,537$468
33 years$11,461$7,911$5,334$3,527$2,296$397
34 years$11,003$7,498$4,984$3,245$2,079$337
35 years$10,571$7,112$4,659$2,987$1,883$286
36 years$10,165$6,750$4,359$2,751$1,706$242
37 years$9,781$6,411$4,080$2,535$1,546$206
38 years$9,418$6,093$3,820$2,336$1,402$174
39 years$9,075$5,794$3,579$2,154$1,271$148
40 years$8,750$5,512$3,355$1,987$1,153$126
41 years$8,441$5,247$3,146$1,833$1,046$107
42 years$8,148$4,997$2,951$1,692$949$91
43 years$7,869$4,761$2,769$1,562$861$77
44 years$7,604$4,538$2,599$1,442$782$65
45 years$7,351$4,328$2,441$1,332$710$55
46 years$7,110$4,129$2,292$1,230$645$47
47 years$6,880$3,940$2,153$1,137$585$40
48 years$6,660$3,761$2,024$1,050$532$34
49 years$6,450$3,592$1,902$971$483$29
50 years$6,249$3,431$1,788$897$438$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $6,400,000, adding $6,743 every year, while hoping to spend $21,786 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: 33/50/17 Blend
54$6,400,000$6,400,000$6,400,000$6,400,000
55$7,059,755$6,720,555$6,621,355$7,255,177
56$7,756,670$7,026,682$6,819,991$7,706,004
57$8,523,940$7,347,080$7,024,550$8,189,065
58$9,368,719$7,682,423$7,235,209$8,709,224
59$10,298,888$8,033,421$7,452,148$9,269,753
60$11,323,133$8,400,817$7,675,553$9,874,231
61$12,451,024$8,785,389$7,905,616$10,526,581
62$13,693,107$9,187,952$8,142,533$11,231,101
63$15,061,003$9,609,361$8,386,507$11,992,501
64$16,567,518$10,050,512$8,637,748$12,815,943
65$18,226,761$10,512,344$8,896,469$13,707,090
66$20,054,282$10,995,840$9,162,892$14,672,151
67$22,067,214$11,502,031$9,437,244$15,717,937
68$24,284,439$12,031,999$9,719,760$16,851,923
69$26,726,761$12,586,876$10,010,681$18,082,312
70$29,417,107$13,167,849$10,310,255$19,418,107
71$32,380,741$13,776,163$10,618,738$20,869,194
72$35,645,502$14,413,122$10,936,392$22,446,426
73$39,242,071$15,080,092$11,263,488$24,161,726
74$43,204,252$15,778,506$11,600,305$26,028,187
75$47,569,300$16,509,867$11,947,129$28,060,196
76$52,378,266$17,275,748$12,304,256$30,273,559
77$57,676,389$18,077,800$12,671,988$32,685,646
78$63,513,520$18,917,751$13,050,639$35,315,548
79$69,944,594$19,797,416$13,440,531$38,184,251
80$77,030,148$20,718,694$13,841,993$41,314,823
81$84,836,890$21,683,578$14,255,368$44,732,631
82$93,438,335$22,694,155$14,681,005$48,465,564
83$102,915,492$23,752,616$15,119,265$52,544,294
84$113,357,633$24,861,254$15,570,520$57,002,554
85$124,863,131$26,022,475$16,035,153$61,877,449
86$137,540,395$27,238,802$16,513,555$67,209,794
87$151,508,889$28,512,876$17,006,133$73,044,490
88$166,900,260$29,847,471$17,513,302$79,430,940
89$183,859,580$31,245,491$18,035,492$86,423,500
90$202,546,719$32,709,982$18,573,143$94,081,983
91$223,137,850$34,244,137$19,126,709$102,472,210
92$245,827,115$35,851,304$19,696,658$111,666,623
93$270,828,455$37,534,992$20,283,470$121,744,947
94$298,377,631$39,298,880$20,887,640$132,794,936
95$328,734,450$41,146,826$21,509,677$144,913,185
96$362,185,218$43,082,874$22,150,104$158,206,024
97$399,045,439$45,111,264$22,809,461$172,790,509
98$439,662,798$47,236,440$23,488,303$188,795,509
99$484,420,442$49,463,064$24,187,200$206,362,902
100$533,740,594$51,796,022$24,906,738$225,648,901