Can I retire at age 55 with 6,600,000?

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$545,022$540,167$535,431$530,807$526,293$512,531
2 years$269,813$264,788$259,918$255,196$250,616$236,844
3 years$178,088$173,042$168,184$163,506$159,001$145,651
4 years$132,235$127,204$122,395$117,797$113,401$100,575
5 years$104,731$99,729$94,983$90,480$86,206$73,940
6 years$86,400$81,437$76,761$72,357$68,211$56,517
7 years$73,312$68,390$63,789$59,489$55,474$44,353
8 years$63,500$58,623$54,098$49,904$46,021$35,467
9 years$55,873$51,042$46,594$42,507$38,757$28,760
10 years$49,775$44,991$40,622$36,641$33,022$23,572
11 years$44,789$40,053$35,763$31,889$28,400$19,481
12 years$40,637$35,949$31,739$27,971$24,611$16,207
13 years$37,126$32,488$28,356$24,694$21,461$13,555
14 years$34,119$29,530$25,478$21,921$18,813$11,387
15 years$31,516$26,977$23,004$19,549$16,564$9,599
16 years$29,240$24,750$20,856$17,504$14,640$8,116
17 years$27,235$22,794$18,978$15,728$12,981$6,879
18 years$25,454$21,063$17,325$14,174$11,542$5,842
19 years$23,862$19,521$15,860$12,807$10,287$4,971
20 years$22,431$18,140$14,555$11,599$9,189$4,235
21 years$21,139$16,896$13,388$10,527$8,223$3,613
22 years$19,965$15,772$12,339$9,572$7,371$3,085
23 years$18,895$14,751$11,393$8,717$6,616$2,637
24 years$17,915$13,821$10,537$7,950$5,947$2,255
25 years$17,016$12,970$9,759$7,261$5,351$1,930
26 years$16,187$12,190$9,051$6,639$4,820$1,653
27 years$15,420$11,472$8,405$6,077$4,346$1,416
28 years$14,710$10,810$7,813$5,568$3,921$1,214
29 years$14,050$10,198$7,271$5,106$3,541$1,041
30 years$13,435$9,631$6,773$4,686$3,199$892
31 years$12,861$9,105$6,314$4,303$2,893$766
32 years$12,323$8,615$5,891$3,955$2,617$657
33 years$11,820$8,158$5,500$3,637$2,368$564
34 years$11,347$7,732$5,139$3,346$2,144$484
35 years$10,902$7,334$4,805$3,080$1,942$415
36 years$10,482$6,961$4,495$2,837$1,759$357
37 years$10,087$6,611$4,207$2,614$1,595$306
38 years$9,713$6,283$3,940$2,409$1,446$263
39 years$9,359$5,975$3,691$2,221$1,311$226
40 years$9,023$5,684$3,460$2,049$1,189$194
41 years$8,705$5,411$3,244$1,890$1,079$166
42 years$8,403$5,153$3,043$1,745$979$143
43 years$8,115$4,910$2,856$1,611$888$123
44 years$7,842$4,680$2,680$1,487$806$105
45 years$7,581$4,463$2,517$1,373$732$91
46 years$7,332$4,258$2,364$1,269$665$78
47 years$7,095$4,063$2,221$1,172$604$67
48 years$6,868$3,879$2,087$1,083$548$57
49 years$6,651$3,704$1,962$1,001$498$49
50 years$6,444$3,538$1,844$925$452$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $6,600,000, adding $3,317 every year, while hoping to spend $35,241 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: 47/26/27 Blend
54$6,600,000$6,600,000$6,600,000$6,600,000
55$7,276,621$6,926,821$6,824,521$7,562,185
56$7,981,341$7,228,740$7,015,647$8,065,718
57$8,756,760$7,544,271$7,211,994$8,608,268
58$9,610,054$7,874,044$7,413,700$9,196,536
59$10,549,127$8,218,720$7,620,906$9,834,834
60$11,582,690$8,578,989$7,833,758$10,527,902
61$12,720,338$8,955,573$8,052,403$11,280,951
62$13,972,648$9,349,231$8,276,994$12,099,705
63$15,351,270$9,760,756$8,507,685$12,990,461
64$16,869,044$10,190,978$8,744,638$13,960,138
65$18,540,118$10,640,767$8,988,014$15,016,348
66$20,380,080$11,111,034$9,237,982$16,167,460
67$22,406,107$11,602,734$9,494,714$17,422,678
68$24,637,127$12,116,865$9,758,384$18,792,129
69$27,093,998$12,654,476$10,029,174$20,286,951
70$29,799,703$13,216,661$10,307,268$21,919,398
71$32,779,565$13,804,571$10,592,854$23,702,953
72$36,061,493$14,419,407$10,886,127$25,652,452
73$39,676,238$15,062,430$11,187,285$27,784,223
74$43,657,685$15,734,960$11,496,530$30,116,233
75$48,043,176$16,438,380$11,814,070$32,668,257
76$52,873,858$17,174,139$12,140,120$35,462,061
77$58,195,073$17,943,753$12,474,895$38,521,607
78$64,056,786$18,748,813$12,818,620$41,873,267
79$70,514,058$19,590,984$13,171,523$45,546,079
80$77,627,560$20,472,011$13,533,838$49,572,008
81$85,464,154$21,393,723$13,905,804$53,986,250
82$94,097,516$22,358,033$14,287,667$58,827,555
83$103,608,835$23,366,949$14,679,676$64,138,592
84$114,087,579$24,422,573$15,082,089$69,966,345
85$125,632,342$25,527,108$15,495,168$76,362,554
86$138,351,766$26,682,862$15,919,181$83,384,194
87$152,365,577$27,892,253$16,354,405$91,094,013
88$167,805,707$29,157,815$16,801,119$99,561,112
89$184,817,544$30,482,203$17,259,611$108,861,599
90$203,561,302$31,868,199$17,730,176$119,079,295
91$224,213,533$33,318,719$18,213,115$130,306,524
92$246,968,794$34,836,817$18,708,735$142,644,974
93$272,041,484$36,425,694$19,217,351$156,206,652
94$299,667,868$38,088,705$19,739,285$171,114,933
95$330,108,304$39,829,366$20,274,865$187,505,719
96$363,649,706$41,651,359$20,824,427$205,528,712
97$400,608,247$43,558,547$21,388,317$225,348,821
98$441,332,347$45,554,975$21,966,884$247,147,707
99$486,205,960$47,644,882$22,560,488$271,125,492
100$535,652,200$49,832,713$23,169,496$297,502,640