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%15.6%
1 years$561,538$556,536$551,656$546,893$542,242$529,779
2 years$277,989$272,812$267,794$262,929$258,210$245,723
3 years$183,485$178,285$173,280$168,461$163,819$151,697
4 years$136,242$131,059$126,104$121,367$116,837$105,174
5 years$107,904$102,752$97,862$93,221$88,818$77,647
6 years$89,018$83,904$79,087$74,550$70,279$59,611
7 years$75,534$70,463$65,722$61,292$57,155$46,992
8 years$65,425$60,400$55,737$51,416$47,416$37,754
9 years$57,566$52,589$48,006$43,795$39,931$30,763
10 years$51,283$46,354$41,853$37,752$34,023$25,339
11 years$46,146$41,267$36,847$32,855$29,261$21,048
12 years$41,868$37,039$32,701$28,819$25,357$17,603
13 years$38,251$33,472$29,216$25,442$22,112$14,802
14 years$35,153$30,425$26,250$22,585$19,383$12,502
15 years$32,471$27,794$23,701$20,142$17,066$10,599
16 years$30,127$25,500$21,488$18,035$15,083$9,012
17 years$28,060$23,485$19,553$16,204$13,374$7,683
18 years$26,225$21,701$17,850$14,603$11,891$6,564
19 years$24,585$20,112$16,341$13,195$10,599$5,618
20 years$23,111$18,689$14,997$11,951$9,467$4,816
21 years$21,779$17,408$13,794$10,846$8,472$4,133
22 years$20,570$16,250$12,713$9,862$7,594$3,552
23 years$19,467$15,198$11,738$8,981$6,817$3,055
24 years$18,458$14,240$10,856$8,191$6,127$2,629
25 years$17,531$13,364$10,055$7,481$5,514$2,265
26 years$16,677$12,560$9,325$6,840$4,966$1,952
27 years$15,888$11,820$8,659$6,261$4,478$1,683
28 years$15,156$11,138$8,050$5,736$4,040$1,452
29 years$14,476$10,507$7,491$5,260$3,648$1,253
30 years$13,842$9,923$6,978$4,828$3,296$1,082
31 years$13,250$9,381$6,505$4,434$2,980$934
32 years$12,697$8,876$6,070$4,075$2,696$807
33 years$12,178$8,406$5,667$3,747$2,440$697
34 years$11,690$7,967$5,295$3,448$2,209$602
35 years$11,232$7,556$4,950$3,174$2,001$521
36 years$10,800$7,172$4,631$2,923$1,813$450
37 years$10,392$6,812$4,335$2,693$1,643$389
38 years$10,007$6,474$4,059$2,482$1,489$336
39 years$9,642$6,156$3,803$2,289$1,351$291
40 years$9,297$5,857$3,565$2,111$1,225$251
41 years$8,969$5,575$3,342$1,948$1,111$217
42 years$8,657$5,309$3,135$1,798$1,009$188
43 years$8,361$5,059$2,942$1,659$915$163
44 years$8,079$4,822$2,762$1,532$831$141
45 years$7,811$4,598$2,593$1,415$754$122
46 years$7,555$4,387$2,435$1,307$685$105
47 years$7,310$4,186$2,288$1,208$622$91
48 years$7,076$3,996$2,150$1,116$565$79
49 years$6,853$3,816$2,021$1,031$513$68
50 years$6,639$3,645$1,900$953$466$59

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 $2,601 every year, while hoping to spend $36,623 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: 74/16/10 Blend
54$6,800,000$6,800,000$6,800,000$6,800,000
55$7,496,283$7,135,883$7,030,483$8,037,123
56$8,221,937$7,446,575$7,227,038$8,704,950
57$9,020,381$7,771,263$7,428,949$9,431,534
58$9,898,999$8,110,594$7,636,359$10,226,529
59$10,865,931$8,465,247$7,849,411$11,096,700
60$11,930,143$8,835,931$8,068,253$12,049,493
61$13,101,515$9,223,389$8,293,036$13,093,106
62$14,390,933$9,628,399$8,523,917$14,236,563
63$15,810,394$10,051,776$8,761,053$15,489,801
64$17,373,114$10,494,373$9,004,609$16,863,757
65$19,093,659$10,957,085$9,254,751$18,370,477
66$20,988,076$11,440,846$9,511,649$20,023,222
67$23,074,051$11,946,638$9,775,480$21,836,597
68$25,371,068$12,475,488$10,046,423$23,826,683
69$27,900,601$13,028,470$10,324,662$26,011,188
70$30,686,308$13,606,712$10,610,384$28,409,618
71$33,754,263$14,211,392$10,903,784$31,043,451
72$37,133,195$14,843,747$11,205,057$33,936,342
73$40,854,762$15,505,072$11,514,408$37,114,349
74$44,953,849$16,196,722$11,832,042$40,606,166
75$49,468,898$16,920,117$12,158,171$44,443,405
76$54,442,269$17,676,747$12,493,014$48,660,880
77$59,920,642$18,468,168$12,836,791$53,296,942
78$65,955,454$19,296,016$13,189,730$58,393,837
79$72,603,389$20,161,999$13,552,065$63,998,100
80$79,926,908$21,067,910$13,924,032$70,160,991
81$87,994,843$22,015,628$14,305,877$76,938,983
82$96,883,041$23,007,118$14,697,849$84,394,284
83$106,675,087$24,044,442$15,100,202$92,595,427
84$117,463,085$25,129,759$15,513,198$101,617,913
85$129,348,534$26,265,332$15,937,105$111,544,917
86$142,443,282$27,453,530$16,372,195$122,468,077
87$156,870,581$28,696,838$16,818,748$134,488,350
88$172,766,255$29,997,858$17,277,051$147,716,961
89$190,279,976$31,359,316$17,747,395$162,276,454
90$209,576,681$32,784,070$18,230,080$178,301,843
91$230,838,127$34,275,113$18,725,412$195,941,882
92$254,264,605$35,835,583$19,233,703$215,360,462
93$280,076,836$37,468,768$19,755,273$236,738,163
94$308,518,047$39,178,111$20,290,448$260,273,944
95$339,856,273$40,967,224$20,839,563$286,187,022
96$374,386,884$42,839,889$21,402,960$314,718,936
97$412,435,373$44,800,070$21,980,986$346,135,821
98$454,360,430$46,851,923$22,573,998$380,730,917
99$500,557,327$48,999,800$23,182,360$418,827,328
100$551,461,651$51,248,266$23,806,445$460,781,071