Can I retire at age 55 with 6,700,000?

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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$553,280$548,351$543,543$538,850$534,267$530,678
2 years$273,901$268,800$263,856$259,063$254,413$250,793
3 years$180,787$175,664$170,732$165,984$161,410$157,871
4 years$134,239$129,131$124,249$119,582$115,119$111,689
5 years$106,317$101,241$96,423$91,850$87,512$84,201
6 years$87,709$82,671$77,924$73,454$69,245$66,057
7 years$74,423$69,427$64,755$60,390$56,315$53,251
8 years$64,463$59,511$54,917$50,660$46,718$43,780
9 years$56,720$51,815$47,300$43,151$39,344$36,529
10 years$50,529$45,673$41,238$37,197$33,523$30,830
11 years$45,467$40,660$36,305$32,372$28,831$26,259
12 years$41,252$36,494$32,220$28,395$24,984$22,530
13 years$37,689$32,980$28,786$25,068$21,787$19,449
14 years$34,636$29,978$25,864$22,253$19,098$16,873
15 years$31,994$27,385$23,352$19,846$16,815$14,700
16 years$29,684$25,125$21,172$17,770$14,862$12,853
17 years$27,647$23,140$19,266$15,966$13,177$11,273
18 years$25,839$21,382$17,587$14,388$11,717$9,912
19 years$24,224$19,817$16,100$13,001$10,443$8,736
20 years$22,771$18,415$14,776$11,775$9,328$7,714
21 years$21,459$17,152$13,591$10,687$8,348$6,823
22 years$20,267$16,011$12,526$9,717$7,482$6,044
23 years$19,181$14,975$11,566$8,849$6,717$5,361
24 years$18,187$14,031$10,696$8,071$6,037$4,761
25 years$17,274$13,167$9,907$7,371$5,432$4,232
26 years$16,432$12,375$9,188$6,739$4,893$3,765
27 years$15,654$11,646$8,532$6,169$4,412$3,353
28 years$14,933$10,974$7,932$5,652$3,981$2,987
29 years$14,263$10,353$7,381$5,183$3,595$2,663
30 years$13,638$9,777$6,875$4,757$3,248$2,376
31 years$13,055$9,243$6,410$4,369$2,936$2,120
32 years$12,510$8,745$5,980$4,015$2,656$1,893
33 years$11,999$8,282$5,584$3,692$2,404$1,691
34 years$11,519$7,850$5,217$3,397$2,176$1,511
35 years$11,067$7,445$4,878$3,127$1,971$1,350
36 years$10,641$7,067$4,563$2,880$1,786$1,207
37 years$10,239$6,712$4,271$2,654$1,619$1,080
38 years$9,860$6,378$3,999$2,446$1,468$966
39 years$9,500$6,065$3,747$2,255$1,331$864
40 years$9,160$5,771$3,512$2,080$1,207$773
41 years$8,837$5,493$3,293$1,919$1,095$692
42 years$8,530$5,231$3,089$1,771$994$619
43 years$8,238$4,984$2,899$1,635$902$554
44 years$7,961$4,751$2,721$1,510$819$496
45 years$7,696$4,531$2,555$1,394$743$444
46 years$7,444$4,322$2,400$1,288$675$398
47 years$7,203$4,125$2,254$1,190$613$356
48 years$6,972$3,938$2,119$1,099$556$319
49 years$6,752$3,760$1,991$1,016$505$286
50 years$6,542$3,592$1,872$939$459$256

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $6,700,000, adding $2,434 every year, while hoping to spend $45,986 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: 55/30/15 Blend
54$6,700,000$6,700,000$6,700,000$6,700,000
55$7,385,911$7,030,811$6,926,961$7,762,858
56$8,090,345$7,326,392$7,110,085$8,315,124
57$8,865,090$7,634,915$7,297,803$8,911,008
58$9,717,269$7,956,966$7,490,220$9,558,813
59$10,654,731$8,293,157$7,687,442$10,263,507
60$11,686,122$8,644,131$7,889,580$11,030,549
61$12,820,971$9,010,557$8,096,745$11,865,943
62$14,069,774$9,393,139$8,309,050$12,776,290
63$15,444,099$9,792,610$8,526,611$13,768,850
64$16,956,690$10,209,741$8,749,545$14,851,608
65$18,621,589$10,645,336$8,977,973$16,033,347
66$20,454,271$11,100,237$9,212,015$17,323,730
67$22,471,785$11,575,327$9,451,795$18,733,387
68$24,692,918$12,071,528$9,697,441$20,274,016
69$27,138,370$12,589,807$9,949,079$21,958,487
70$29,830,951$13,131,176$10,206,841$23,800,963
71$32,795,796$13,696,691$10,470,859$25,817,033
72$36,060,601$14,287,463$10,741,266$28,023,854
73$39,655,885$14,904,652$11,018,201$30,440,308
74$43,615,277$15,549,471$11,301,802$33,087,184
75$47,975,833$16,223,193$11,592,211$35,987,362
76$52,778,387$16,927,149$11,889,569$39,166,033
77$58,067,936$17,662,732$12,194,023$42,650,933
78$63,894,063$18,431,404$12,505,720$46,472,594
79$70,311,406$19,234,691$12,824,810$50,664,638
80$77,380,172$20,074,193$13,151,444$55,264,083
81$85,166,708$20,951,587$13,485,776$60,311,694
82$93,744,124$21,868,626$13,827,961$65,852,359
83$103,192,984$22,827,149$14,178,157$71,935,512
84$113,602,067$23,829,078$14,536,524$78,615,590
85$125,069,204$24,876,429$14,903,224$85,952,549
86$137,702,200$25,971,311$15,278,419$94,012,419
87$151,619,854$27,115,935$15,662,276$102,867,926
88$166,953,078$28,312,614$16,054,960$112,599,169
89$183,846,132$29,563,772$16,456,642$123,294,375
90$202,457,989$30,871,948$16,867,490$135,050,721
91$222,963,830$32,239,801$17,287,678$147,975,250
92$245,556,705$33,670,115$17,717,379$162,185,872
93$270,449,345$35,165,807$18,156,768$177,812,468
94$297,876,179$36,729,932$18,606,020$194,998,116
95$328,095,541$38,365,691$19,065,314$213,900,427
96$361,392,113$40,076,436$19,534,828$234,693,028
97$398,079,605$41,865,678$20,014,742$257,567,195
98$438,503,725$43,737,097$20,505,236$282,733,645
99$483,045,436$45,694,545$21,006,492$310,424,522
100$532,124,552$47,742,059$21,518,691$340,895,574