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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.5%
1 years$528,506$523,798$519,205$514,722$510,345$507,129
2 years$261,637$256,764$252,041$247,463$243,021$239,777
3 years$172,692$167,798$163,088$158,552$154,183$151,011
4 years$128,228$123,349$118,686$114,228$109,964$106,889
5 years$101,557$96,707$92,105$87,738$83,593$80,624
6 years$83,782$78,969$74,435$70,165$66,144$63,285
7 years$71,090$66,318$61,856$57,686$53,793$51,045
8 years$61,576$56,847$52,458$48,392$44,627$41,990
9 years$54,180$49,495$45,182$41,219$37,582$35,056
10 years$48,267$43,628$39,391$35,531$32,022$29,605
11 years$43,432$38,839$34,679$30,923$27,540$25,230
12 years$39,405$34,860$30,777$27,123$23,865$21,662
13 years$36,001$31,503$27,497$23,946$20,811$18,711
14 years$33,086$28,636$24,706$21,256$18,243$16,243
15 years$30,561$26,159$22,306$18,957$16,062$14,161
16 years$28,354$24,000$20,224$16,974$14,196$12,390
17 years$26,409$22,104$18,403$15,251$12,587$10,874
18 years$24,682$20,425$16,800$13,744$11,192$9,569
19 years$23,139$18,929$15,379$12,419$9,976$8,439
20 years$21,752$17,590$14,114$11,248$8,910$7,457
21 years$20,498$16,384$12,982$10,208$7,974$6,601
22 years$19,360$15,294$11,965$9,282$7,147$5,852
23 years$18,322$14,304$11,048$8,453$6,416$5,195
24 years$17,373$13,402$10,217$7,709$5,767$4,616
25 years$16,500$12,577$9,463$7,041$5,189$4,107
26 years$15,696$11,821$8,777$6,438$4,674$3,657
27 years$14,953$11,125$8,150$5,893$4,214$3,258
28 years$14,264$10,483$7,577$5,399$3,803$2,906
29 years$13,624$9,889$7,051$4,951$3,434$2,593
30 years$13,028$9,339$6,567$4,544$3,103$2,315
31 years$12,471$8,829$6,123$4,173$2,805$2,067
32 years$11,950$8,354$5,712$3,835$2,537$1,847
33 years$11,461$7,911$5,334$3,527$2,296$1,651
34 years$11,003$7,498$4,984$3,245$2,079$1,477
35 years$10,571$7,112$4,659$2,987$1,883$1,321
36 years$10,165$6,750$4,359$2,751$1,706$1,182
37 years$9,781$6,411$4,080$2,535$1,546$1,058
38 years$9,418$6,093$3,820$2,336$1,402$947
39 years$9,075$5,794$3,579$2,154$1,271$848
40 years$8,750$5,512$3,355$1,987$1,153$759
41 years$8,441$5,247$3,146$1,833$1,046$680
42 years$8,148$4,997$2,951$1,692$949$609
43 years$7,869$4,761$2,769$1,562$861$546
44 years$7,604$4,538$2,599$1,442$782$489
45 years$7,351$4,328$2,441$1,332$710$438
46 years$7,110$4,129$2,292$1,230$645$393
47 years$6,880$3,940$2,153$1,137$585$352
48 years$6,660$3,761$2,024$1,050$532$315
49 years$6,450$3,592$1,902$971$483$283
50 years$6,249$3,431$1,788$897$438$253

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 $6,288 every year, while hoping to spend $49,453 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: 51/24/25 Blend
54$6,400,000$6,400,000$6,400,000$6,400,000
55$7,059,286$6,720,086$6,620,886$7,369,512
56$7,726,716$6,996,753$6,790,068$7,862,252
57$8,460,566$7,285,318$6,963,260$8,392,207
58$9,267,559$7,586,314$7,140,545$8,967,462
59$10,155,101$7,900,296$7,322,005$9,592,338
60$11,131,354$8,227,843$7,507,725$10,271,592
61$12,205,309$8,569,563$7,697,790$11,010,451
62$13,386,871$8,926,093$7,892,287$11,814,665
63$14,686,956$9,298,096$8,091,303$12,690,559
64$16,117,591$9,686,267$8,294,926$13,645,090
65$17,692,026$10,091,335$8,503,247$14,685,913
66$19,424,862$10,514,061$8,716,356$15,821,447
67$21,332,188$10,955,239$8,934,343$17,060,958
68$23,431,729$11,415,704$9,157,302$18,414,645
69$25,743,019$11,896,327$9,385,325$19,893,726
70$28,287,580$12,398,020$9,618,507$21,510,554
71$31,089,128$12,921,738$9,856,941$23,278,721
72$34,173,794$13,468,478$10,100,724$25,213,190
73$37,570,374$14,039,286$10,349,951$27,330,433
74$41,310,597$14,635,256$10,604,718$29,648,583
75$45,429,425$15,257,531$10,865,124$32,187,602
76$49,965,387$15,907,310$11,131,266$34,969,472
77$54,960,935$16,585,847$11,403,242$38,018,392
78$60,462,849$17,294,452$11,681,150$41,361,010
79$66,522,680$18,034,500$11,965,088$45,026,670
80$73,197,231$18,807,429$12,255,156$49,047,684
81$80,549,097$19,614,741$12,551,452$53,459,636
82$88,647,254$20,458,013$12,854,076$58,301,714
83$97,567,711$21,338,893$13,163,124$63,617,078
84$107,394,226$22,259,107$13,478,697$69,453,262
85$118,219,095$23,220,461$13,800,892$75,862,617
86$130,144,027$24,224,848$14,129,806$82,902,809
87$143,281,099$25,274,247$14,465,535$90,637,350
88$157,753,817$26,370,731$14,808,177$99,136,201
89$173,698,281$27,516,472$15,157,826$108,476,424
90$191,264,468$28,713,741$15,514,576$118,742,905
91$210,617,649$29,964,919$15,878,519$130,029,153
92$231,939,946$31,272,497$16,249,746$142,438,176
93$255,432,056$32,639,085$16,628,348$156,083,450
94$281,315,139$34,067,413$17,014,411$171,089,982
95$309,832,911$35,560,344$17,408,021$187,595,488
96$341,253,939$37,120,873$17,809,261$205,751,685
97$375,874,182$38,752,136$18,218,212$225,725,717
98$414,019,778$40,457,421$18,634,952$247,701,729
99$456,050,128$42,240,166$19,059,555$271,882,597
100$502,361,283$44,103,977$19,492,093$298,491,836