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%18.3%
1 years$545,022$540,167$535,431$530,807$526,293$508,632
2 years$269,813$264,788$259,918$255,196$250,616$232,997
3 years$178,088$173,042$168,184$163,506$159,001$141,977
4 years$132,235$127,204$122,395$117,797$113,401$97,103
5 years$104,731$99,729$94,983$90,480$86,206$70,676
6 years$86,400$81,437$76,761$72,357$68,211$53,463
7 years$73,312$68,390$63,789$59,489$55,474$41,505
8 years$63,500$58,623$54,098$49,904$46,021$32,821
9 years$55,873$51,042$46,594$42,507$38,757$26,309
10 years$49,775$44,991$40,622$36,641$33,022$21,307
11 years$44,789$40,053$35,763$31,889$28,400$17,395
12 years$40,637$35,949$31,739$27,971$24,611$14,291
13 years$37,126$32,488$28,356$24,694$21,461$11,800
14 years$34,119$29,530$25,478$21,921$18,813$9,783
15 years$31,516$26,977$23,004$19,549$16,564$8,137
16 years$29,240$24,750$20,856$17,504$14,640$6,787
17 years$27,235$22,794$18,978$15,728$12,981$5,673
18 years$25,454$21,063$17,325$14,174$11,542$4,751
19 years$23,862$19,521$15,860$12,807$10,287$3,984
20 years$22,431$18,140$14,555$11,599$9,189$3,346
21 years$21,139$16,896$13,388$10,527$8,223$2,813
22 years$19,965$15,772$12,339$9,572$7,371$2,366
23 years$18,895$14,751$11,393$8,717$6,616$1,993
24 years$17,915$13,821$10,537$7,950$5,947$1,679
25 years$17,016$12,970$9,759$7,261$5,351$1,415
26 years$16,187$12,190$9,051$6,639$4,820$1,193
27 years$15,420$11,472$8,405$6,077$4,346$1,007
28 years$14,710$10,810$7,813$5,568$3,921$850
29 years$14,050$10,198$7,271$5,106$3,541$717
30 years$13,435$9,631$6,773$4,686$3,199$606
31 years$12,861$9,105$6,314$4,303$2,893$511
32 years$12,323$8,615$5,891$3,955$2,617$432
33 years$11,820$8,158$5,500$3,637$2,368$365
34 years$11,347$7,732$5,139$3,346$2,144$308
35 years$10,902$7,334$4,805$3,080$1,942$260
36 years$10,482$6,961$4,495$2,837$1,759$220
37 years$10,087$6,611$4,207$2,614$1,595$186
38 years$9,713$6,283$3,940$2,409$1,446$157
39 years$9,359$5,975$3,691$2,221$1,311$133
40 years$9,023$5,684$3,460$2,049$1,189$112
41 years$8,705$5,411$3,244$1,890$1,079$95
42 years$8,403$5,153$3,043$1,745$979$80
43 years$8,115$4,910$2,856$1,611$888$68
44 years$7,842$4,680$2,680$1,487$806$57
45 years$7,581$4,463$2,517$1,373$732$48
46 years$7,332$4,258$2,364$1,269$665$41
47 years$7,095$4,063$2,221$1,172$604$35
48 years$6,868$3,879$2,087$1,083$548$29
49 years$6,651$3,704$1,962$1,001$498$25
50 years$6,444$3,538$1,844$925$452$21

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 $6,479 every year, while hoping to spend $42,126 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: 72/21/7 Blend
54$6,600,000$6,600,000$6,600,000$6,600,000
55$7,279,883$6,930,083$6,827,783$7,796,159
56$7,977,609$7,224,835$7,011,692$8,432,432
57$8,745,092$7,532,619$7,200,350$9,122,955
58$9,589,401$7,854,027$7,393,872$9,877,793
59$10,518,328$8,189,682$7,592,374$10,703,272
60$11,540,456$8,540,235$7,795,977$11,606,355
61$12,665,242$8,906,366$8,004,802$12,594,706
62$13,903,108$9,288,789$8,218,974$13,676,758
63$15,265,535$9,688,250$8,438,620$14,861,797
64$16,765,176$10,105,531$8,663,870$16,160,041
65$18,415,971$10,541,449$8,894,857$17,582,743
66$20,233,281$10,996,860$9,131,715$19,142,287
67$22,234,030$11,472,661$9,374,583$20,852,312
68$24,436,870$11,969,791$9,623,600$22,727,833
69$26,862,352$12,489,231$9,878,911$24,785,381
70$29,533,120$13,032,011$10,140,663$27,043,162
71$32,474,126$13,599,208$10,409,003$29,521,223
72$35,712,867$14,191,949$10,684,084$32,241,638
73$39,279,640$14,811,416$10,966,062$35,228,720
74$43,207,832$15,458,844$11,255,094$38,509,243
75$47,534,232$16,135,528$11,551,341$42,112,693
76$52,299,380$16,842,825$11,854,967$46,071,547
77$57,547,948$17,582,155$12,166,139$50,421,576
78$63,329,161$18,355,003$12,485,028$55,202,175
79$69,697,265$19,162,928$12,811,806$60,456,743
80$76,712,034$20,007,559$13,146,650$66,233,077
81$84,439,338$20,890,606$13,489,738$72,583,832
82$92,951,761$21,813,856$13,841,255$79,567,006
83$102,329,288$22,779,183$14,201,385$87,246,489
84$112,660,062$23,788,549$14,570,318$95,692,663
85$124,041,210$24,844,010$14,948,245$104,983,059
86$136,579,764$25,947,717$15,335,362$115,203,090
87$150,393,671$27,101,927$15,731,868$126,446,850
88$165,612,904$28,308,999$16,137,964$138,818,001
89$182,380,690$29,571,410$16,553,855$152,430,745
90$200,854,860$30,891,749$16,979,749$167,410,898
91$221,209,344$32,272,732$17,415,859$183,897,075
92$243,635,804$33,717,203$17,862,397$202,041,993
93$268,345,451$35,228,141$18,319,582$222,013,906
94$295,571,033$36,808,667$18,787,635$243,998,191
95$325,569,038$38,462,050$19,266,780$268,199,090
96$358,622,106$40,191,717$19,757,243$294,841,634
97$395,041,705$42,001,256$20,259,255$324,173,763
98$435,171,069$43,894,427$20,773,050$356,468,655
99$479,388,433$45,875,169$21,298,862$392,027,305
100$528,110,610$47,947,609$21,836,931$431,181,356