Can I retire at age 55 with 6,900,000?

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 $6,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$569,796$564,720$559,768$554,935$550,216$536,479
2 years$282,077$276,824$271,732$266,796$262,007$248,255
3 years$186,183$180,907$175,829$170,939$166,228$152,890
4 years$138,246$132,986$127,958$123,152$118,555$105,734
5 years$109,491$104,263$99,301$94,592$90,124$77,855
6 years$90,327$85,138$80,250$75,646$71,312$59,608
7 years$76,644$71,499$66,688$62,193$57,996$46,857
8 years$66,387$61,288$56,557$52,172$48,113$37,536
9 years$58,413$53,362$48,712$44,439$40,518$30,493
10 years$52,037$47,036$42,468$38,307$34,524$25,038
11 years$46,825$41,873$37,389$33,338$29,691$20,733
12 years$42,484$37,583$33,181$29,242$25,730$17,282
13 years$38,814$33,964$29,645$25,817$22,437$14,484
14 years$35,670$30,873$26,637$22,917$19,668$12,192
15 years$32,949$28,203$24,049$20,438$17,317$10,300
16 years$30,570$25,875$21,804$18,300$15,305$8,727
17 years$28,473$23,830$19,841$16,442$13,571$7,413
18 years$26,611$22,020$18,112$14,818$12,066$6,310
19 years$24,947$20,408$16,581$13,389$10,755$5,380
20 years$23,451$18,964$15,217$12,127$9,607$4,595
21 years$22,099$17,665$13,997$11,006$8,597$3,928
22 years$20,872$16,489$12,900$10,007$7,706$3,362
23 years$19,754$15,422$11,911$9,113$6,917$2,881
24 years$18,730$14,449$11,016$8,312$6,217$2,470
25 years$17,789$13,560$10,203$7,591$5,595$2,119
26 years$16,922$12,744$9,463$6,941$5,039$1,819
27 years$16,121$11,994$8,787$6,353$4,543$1,562
28 years$15,379$11,302$8,168$5,821$4,100$1,342
29 years$14,688$10,662$7,601$5,338$3,702$1,153
30 years$14,045$10,069$7,080$4,899$3,345$992
31 years$13,445$9,519$6,601$4,499$3,024$853
32 years$12,883$9,006$6,159$4,135$2,736$734
33 years$12,357$8,529$5,750$3,802$2,476$631
34 years$11,862$8,084$5,373$3,498$2,241$543
35 years$11,397$7,667$5,023$3,220$2,030$467
36 years$10,959$7,277$4,699$2,966$1,839$402
37 years$10,545$6,912$4,398$2,733$1,667$346
38 years$10,154$6,569$4,119$2,519$1,511$298
39 years$9,784$6,246$3,859$2,322$1,371$257
40 years$9,433$5,943$3,617$2,142$1,243$221
41 years$9,101$5,657$3,392$1,976$1,128$190
42 years$8,785$5,388$3,181$1,824$1,023$164
43 years$8,484$5,133$2,985$1,684$929$141
44 years$8,198$4,893$2,802$1,555$843$121
45 years$7,926$4,666$2,631$1,436$765$105
46 years$7,666$4,451$2,471$1,326$695$90
47 years$7,418$4,248$2,322$1,225$631$78
48 years$7,180$4,055$2,182$1,132$573$67
49 years$6,954$3,872$2,051$1,046$520$58
50 years$6,737$3,699$1,928$967$473$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $6,900,000, adding $2,854 every year, while hoping to spend $33,248 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: 60/19/21 Blend
54$6,900,000$6,900,000$6,900,000$6,900,000
55$7,606,744$7,241,044$7,134,094$8,020,911
56$8,347,256$7,560,479$7,337,710$8,621,368
57$9,162,186$7,894,453$7,547,034$9,272,281
58$10,059,090$8,243,642$7,762,220$9,981,703
59$11,046,292$8,608,755$7,983,429$10,755,314
60$12,132,966$8,990,536$8,210,826$11,599,363
61$13,329,219$9,389,763$8,444,579$12,520,726
62$14,646,188$9,807,251$8,684,862$13,526,966
63$16,096,147$10,243,853$8,931,852$14,626,407
64$17,692,616$10,700,464$9,185,731$15,828,208
65$19,450,497$11,178,021$9,446,688$17,142,449
66$21,386,209$11,677,505$9,714,913$18,580,222
67$23,517,844$12,199,945$9,990,604$20,153,739
68$25,865,339$12,746,417$10,273,964$21,876,440
69$28,450,661$13,318,049$10,565,199$23,763,121
70$31,298,018$13,916,023$10,864,523$25,830,069
71$34,434,086$14,541,578$11,172,154$28,095,216
72$37,888,258$15,196,010$11,488,317$30,578,305
73$41,692,925$15,880,679$11,813,240$33,301,074
74$45,883,780$16,597,010$12,147,161$36,287,459
75$50,500,155$17,346,493$12,490,320$39,563,814
76$55,585,392$18,130,692$12,842,967$43,159,163
77$61,187,251$18,951,244$13,205,355$47,105,468
78$67,358,362$19,809,867$13,577,746$51,437,927
79$74,156,721$20,708,357$13,960,407$56,195,302
80$81,646,240$21,648,599$14,353,614$61,420,287
81$89,897,343$22,632,568$14,757,647$67,159,903
82$98,987,639$23,662,331$15,172,795$73,465,938
83$109,002,650$24,740,057$15,599,355$80,395,437
84$120,036,618$25,868,016$16,037,631$88,011,230
85$132,193,394$27,048,591$16,487,933$96,382,529
86$145,587,423$28,284,274$16,950,581$105,585,567
87$160,344,817$29,577,680$17,425,903$115,704,326
88$176,604,550$30,931,549$17,914,233$126,831,312
89$194,519,771$32,348,751$18,415,916$139,068,434
90$214,259,242$33,832,295$18,931,304$152,527,956
91$236,008,942$35,385,334$19,460,759$167,333,551
92$259,973,811$37,011,173$20,004,652$183,621,468
93$286,379,693$38,713,274$20,563,361$201,541,807
94$315,475,465$40,495,267$21,137,277$221,259,932
95$347,535,384$42,360,958$21,726,798$242,958,029
96$382,861,680$44,314,331$22,332,332$266,836,815
97$421,787,406$46,359,567$22,954,299$293,117,428
98$464,679,581$48,501,046$23,593,128$322,043,509
99$511,942,658$50,743,358$24,249,258$353,883,492
100$564,022,341$53,091,314$24,923,140$388,933,133