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%15.5%
1 years$553,280$548,351$543,543$538,850$534,267$522,200
2 years$273,901$268,800$263,856$259,063$254,413$242,320
3 years$180,787$175,664$170,732$165,984$161,410$149,669
4 years$134,239$129,131$124,249$119,582$115,119$103,821
5 years$106,317$101,241$96,423$91,850$87,512$76,688
6 years$87,709$82,671$77,924$73,454$69,245$58,906
7 years$74,423$69,427$64,755$60,390$56,315$46,463
8 years$64,463$59,511$54,917$50,660$46,718$37,351
9 years$56,720$51,815$47,300$43,151$39,344$30,452
10 years$50,529$45,673$41,238$37,197$33,523$25,099
11 years$45,467$40,660$36,305$32,372$28,831$20,862
12 years$41,252$36,494$32,220$28,395$24,984$17,459
13 years$37,689$32,980$28,786$25,068$21,787$14,690
14 years$34,636$29,978$25,864$22,253$19,098$12,417
15 years$31,994$27,385$23,352$19,846$16,815$10,533
16 years$29,684$25,125$21,172$17,770$14,862$8,963
17 years$27,647$23,140$19,266$15,966$13,177$7,647
18 years$25,839$21,382$17,587$14,388$11,717$6,538
19 years$24,224$19,817$16,100$13,001$10,443$5,600
20 years$22,771$18,415$14,776$11,775$9,328$4,804
21 years$21,459$17,152$13,591$10,687$8,348$4,126
22 years$20,267$16,011$12,526$9,717$7,482$3,548
23 years$19,181$14,975$11,566$8,849$6,717$3,054
24 years$18,187$14,031$10,696$8,071$6,037$2,631
25 years$17,274$13,167$9,907$7,371$5,432$2,268
26 years$16,432$12,375$9,188$6,739$4,893$1,956
27 years$15,654$11,646$8,532$6,169$4,412$1,688
28 years$14,933$10,974$7,932$5,652$3,981$1,458
29 years$14,263$10,353$7,381$5,183$3,595$1,259
30 years$13,638$9,777$6,875$4,757$3,248$1,088
31 years$13,055$9,243$6,410$4,369$2,936$940
32 years$12,510$8,745$5,980$4,015$2,656$813
33 years$11,999$8,282$5,584$3,692$2,404$703
34 years$11,519$7,850$5,217$3,397$2,176$608
35 years$11,067$7,445$4,878$3,127$1,971$526
36 years$10,641$7,067$4,563$2,880$1,786$455
37 years$10,239$6,712$4,271$2,654$1,619$393
38 years$9,860$6,378$3,999$2,446$1,468$340
39 years$9,500$6,065$3,747$2,255$1,331$294
40 years$9,160$5,771$3,512$2,080$1,207$255
41 years$8,837$5,493$3,293$1,919$1,095$221
42 years$8,530$5,231$3,089$1,771$994$191
43 years$8,238$4,984$2,899$1,635$902$165
44 years$7,961$4,751$2,721$1,510$819$143
45 years$7,696$4,531$2,555$1,394$743$124
46 years$7,444$4,322$2,400$1,288$675$107
47 years$7,203$4,125$2,254$1,190$613$93
48 years$6,972$3,938$2,119$1,099$556$80
49 years$6,752$3,760$1,991$1,016$505$70
50 years$6,542$3,592$1,872$939$459$60

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 $3,500 every year, while hoping to spend $58,983 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: 49/32/19 Blend
54$6,700,000$6,700,000$6,700,000$6,700,000
55$7,387,010$7,031,910$6,928,060$7,709,478
56$8,077,728$7,313,716$7,097,393$8,215,079
57$8,836,922$7,607,354$7,270,421$8,757,716
58$9,671,514$7,913,341$7,447,207$9,345,955
59$10,589,132$8,232,218$7,627,811$9,984,106
60$11,598,177$8,564,550$7,812,297$10,676,911
61$12,707,907$8,910,929$8,000,724$11,429,577
62$13,928,520$9,271,971$8,193,156$12,247,831
63$15,271,255$9,648,324$8,389,652$13,137,972
64$16,748,493$10,040,662$8,590,275$14,106,923
65$18,373,876$10,449,690$8,795,086$15,162,300
66$20,162,434$10,876,148$9,004,144$16,312,479
67$22,130,729$11,320,807$9,217,510$17,566,674
68$24,297,010$11,784,473$9,435,243$18,935,021
69$26,681,384$12,267,990$9,657,403$20,428,673
70$29,306,005$12,772,242$9,884,045$22,059,901
71$32,195,286$13,298,150$10,115,229$23,842,208
72$35,376,125$13,846,679$10,351,010$25,790,454
73$38,878,163$14,418,840$10,591,442$27,920,993
74$42,734,060$15,015,687$10,836,579$30,251,828
75$46,979,803$15,638,325$11,086,474$32,802,771
76$51,655,049$16,287,909$11,341,176$35,595,633
77$56,803,494$16,965,646$11,600,735$38,654,427
78$62,473,288$17,672,801$11,865,198$42,005,584
79$68,717,490$18,410,695$12,134,609$45,678,209
80$75,594,567$19,180,712$12,409,011$49,704,346
81$83,168,944$19,984,298$12,688,444$54,119,277
82$91,511,615$20,822,967$12,972,946$58,961,852
83$100,700,811$21,698,304$13,262,551$64,274,854
84$110,822,738$22,611,965$13,557,290$70,105,395
85$121,972,390$23,565,684$13,857,193$76,505,359
86$134,254,448$24,561,276$14,162,282$83,531,883
87$147,784,262$25,600,640$14,472,580$91,247,899
88$162,688,948$26,685,762$14,788,102$99,722,715
89$179,108,578$27,818,721$15,108,861$109,032,668
90$197,197,509$29,001,695$15,434,864$119,261,842
91$217,125,837$30,236,960$15,766,114$130,502,849
92$239,081,001$31,526,899$16,102,607$142,857,702
93$263,269,554$32,874,008$16,444,335$156,438,772
94$289,919,111$34,280,897$16,791,283$171,369,842
95$319,280,499$35,750,300$17,143,430$187,787,266
96$351,630,123$37,285,078$17,500,747$205,841,251
97$387,272,573$38,888,224$17,863,200$225,697,271
98$426,543,502$40,562,874$18,230,744$247,537,614
99$469,812,794$42,312,309$18,603,329$271,563,103
100$517,488,052$44,139,965$18,980,893$297,994,978