Can I retire at age 55 with 6,800,000?

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 $6,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$561,538$556,536$551,656$546,893$542,242$534,359
2 years$277,989$272,812$267,794$262,929$258,210$250,285
3 years$183,485$178,285$173,280$168,461$163,819$156,098
4 years$136,242$131,059$126,104$121,367$116,837$109,380
5 years$107,904$102,752$97,862$93,221$88,818$81,645
6 years$89,018$83,904$79,087$74,550$70,279$63,399
7 years$75,534$70,463$65,722$61,292$57,155$50,572
8 years$65,425$60,400$55,737$51,416$47,416$41,128
9 years$57,566$52,589$48,006$43,795$39,931$33,935
10 years$51,283$46,354$41,853$37,752$34,023$28,314
11 years$46,146$41,267$36,847$32,855$29,261$23,834
12 years$41,868$37,039$32,701$28,819$25,357$20,205
13 years$38,251$33,472$29,216$25,442$22,112$17,228
14 years$35,153$30,425$26,250$22,585$19,383$14,759
15 years$32,471$27,794$23,701$20,142$17,066$12,695
16 years$30,127$25,500$21,488$18,035$15,083$10,956
17 years$28,060$23,485$19,553$16,204$13,374$9,481
18 years$26,225$21,701$17,850$14,603$11,891$8,225
19 years$24,585$20,112$16,341$13,195$10,599$7,150
20 years$23,111$18,689$14,997$11,951$9,467$6,226
21 years$21,779$17,408$13,794$10,846$8,472$5,430
22 years$20,570$16,250$12,713$9,862$7,594$4,741
23 years$19,467$15,198$11,738$8,981$6,817$4,145
24 years$18,458$14,240$10,856$8,191$6,127$3,627
25 years$17,531$13,364$10,055$7,481$5,514$3,177
26 years$16,677$12,560$9,325$6,840$4,966$2,784
27 years$15,888$11,820$8,659$6,261$4,478$2,442
28 years$15,156$11,138$8,050$5,736$4,040$2,143
29 years$14,476$10,507$7,491$5,260$3,648$1,881
30 years$13,842$9,923$6,978$4,828$3,296$1,652
31 years$13,250$9,381$6,505$4,434$2,980$1,452
32 years$12,697$8,876$6,070$4,075$2,696$1,276
33 years$12,178$8,406$5,667$3,747$2,440$1,122
34 years$11,690$7,967$5,295$3,448$2,209$987
35 years$11,232$7,556$4,950$3,174$2,001$868
36 years$10,800$7,172$4,631$2,923$1,813$764
37 years$10,392$6,812$4,335$2,693$1,643$672
38 years$10,007$6,474$4,059$2,482$1,489$591
39 years$9,642$6,156$3,803$2,289$1,351$521
40 years$9,297$5,857$3,565$2,111$1,225$458
41 years$8,969$5,575$3,342$1,948$1,111$403
42 years$8,657$5,309$3,135$1,798$1,009$355
43 years$8,361$5,059$2,942$1,659$915$313
44 years$8,079$4,822$2,762$1,532$831$275
45 years$7,811$4,598$2,593$1,415$754$243
46 years$7,555$4,387$2,435$1,307$685$214
47 years$7,310$4,186$2,288$1,208$622$188
48 years$7,076$3,996$2,150$1,116$565$166
49 years$6,853$3,816$2,021$1,031$513$146
50 years$6,639$3,645$1,900$953$466$129

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $6,800,000, adding $4,090 every year, while hoping to spend $22,647 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: 66/8/26 Blend
54$6,800,000$6,800,000$6,800,000$6,800,000
55$7,497,819$7,137,419$7,032,019$7,941,522
56$8,238,500$7,463,056$7,243,495$8,566,652
57$9,053,972$7,803,891$7,461,297$9,246,950
58$9,951,839$8,160,643$7,685,612$9,990,263
59$10,940,481$8,534,069$7,916,635$10,802,803
60$12,029,131$8,924,959$8,154,563$11,691,403
61$13,227,964$9,334,144$8,399,603$12,663,591
62$14,548,192$9,762,493$8,651,965$13,727,649
63$16,002,169$10,210,916$8,911,867$14,892,699
64$17,603,508$10,680,369$9,179,533$16,168,781
65$19,367,211$11,171,853$9,455,192$17,566,953
66$21,309,809$11,686,415$9,739,083$19,099,390
67$23,449,516$12,225,157$10,031,450$20,779,498
68$25,806,406$12,789,229$10,332,542$22,622,040
69$28,402,597$13,379,839$10,642,621$24,643,275
70$31,262,464$13,998,253$10,961,950$26,861,109
71$34,412,866$14,645,798$11,290,806$29,295,261
72$37,883,400$15,323,864$11,629,470$31,967,453
73$41,706,682$16,033,908$11,978,232$34,901,604
74$45,918,653$16,777,459$12,337,392$38,124,066
75$50,558,918$17,556,117$12,707,257$41,663,861
76$55,671,122$18,371,561$13,088,145$45,552,959
77$61,303,359$19,225,550$13,480,380$49,826,575
78$67,508,629$20,119,929$13,884,300$54,523,502
79$74,345,334$21,056,631$14,300,249$59,686,472
80$81,877,835$22,037,682$14,728,584$65,362,562
81$90,177,052$23,065,207$15,169,670$71,603,631
82$99,321,142$24,141,432$15,623,884$78,466,811
83$109,396,229$25,268,693$16,091,615$86,015,042
84$120,497,221$26,449,436$16,573,261$94,317,667
85$132,728,705$27,686,226$17,069,233$103,451,079
86$146,205,935$28,981,753$17,579,954$113,499,444
87$161,055,918$30,338,837$18,105,860$124,555,490
88$177,418,614$31,760,432$18,647,399$136,721,382
89$195,448,258$33,249,638$19,205,032$150,109,681
90$215,314,812$34,809,702$19,779,232$164,844,407
91$237,205,577$36,444,031$20,370,490$181,062,202
92$261,326,952$38,156,195$20,979,308$198,913,620
93$287,906,389$39,949,936$21,606,203$218,564,545
94$317,194,537$41,829,180$22,251,707$240,197,752
95$349,467,610$43,798,040$22,916,370$264,014,629
96$385,029,992$45,860,830$23,600,754$290,237,074
97$424,217,113$48,022,072$24,305,441$319,109,588
98$467,398,613$50,286,508$25,031,027$350,901,577
99$514,981,833$52,659,109$25,778,129$385,909,891
100$567,415,662$55,145,087$26,547,378$424,461,622