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%12.2%
1 years$569,796$564,720$559,768$554,935$550,216$545,150
2 years$282,077$276,824$271,732$266,796$262,007$256,904
3 years$186,183$180,907$175,829$170,939$166,228$161,245
4 years$138,246$132,986$127,958$123,152$118,555$113,731
5 years$109,491$104,263$99,301$94,592$90,124$85,472
6 years$90,327$85,138$80,250$75,646$71,312$66,838
7 years$76,644$71,499$66,688$62,193$57,996$53,702
8 years$66,387$61,288$56,557$52,172$48,113$44,000
9 years$58,413$53,362$48,712$44,439$40,518$36,584
10 years$52,037$47,036$42,468$38,307$34,524$30,766
11 years$46,825$41,873$37,389$33,338$29,691$26,107
12 years$42,484$37,583$33,181$29,242$25,730$22,316
13 years$38,814$33,964$29,645$25,817$22,437$19,189
14 years$35,670$30,873$26,637$22,917$19,668$16,583
15 years$32,949$28,203$24,049$20,438$17,317$14,389
16 years$30,570$25,875$21,804$18,300$15,305$12,530
17 years$28,473$23,830$19,841$16,442$13,571$10,943
18 years$26,611$22,020$18,112$14,818$12,066$9,582
19 years$24,947$20,408$16,581$13,389$10,755$8,408
20 years$23,451$18,964$15,217$12,127$9,607$7,393
21 years$22,099$17,665$13,997$11,006$8,597$6,510
22 years$20,872$16,489$12,900$10,007$7,706$5,741
23 years$19,754$15,422$11,911$9,113$6,917$5,069
24 years$18,730$14,449$11,016$8,312$6,217$4,481
25 years$17,789$13,560$10,203$7,591$5,595$3,965
26 years$16,922$12,744$9,463$6,941$5,039$3,511
27 years$16,121$11,994$8,787$6,353$4,543$3,111
28 years$15,379$11,302$8,168$5,821$4,100$2,759
29 years$14,688$10,662$7,601$5,338$3,702$2,448
30 years$14,045$10,069$7,080$4,899$3,345$2,173
31 years$13,445$9,519$6,601$4,499$3,024$1,930
32 years$12,883$9,006$6,159$4,135$2,736$1,715
33 years$12,357$8,529$5,750$3,802$2,476$1,524
34 years$11,862$8,084$5,373$3,498$2,241$1,355
35 years$11,397$7,667$5,023$3,220$2,030$1,205
36 years$10,959$7,277$4,699$2,966$1,839$1,072
37 years$10,545$6,912$4,398$2,733$1,667$954
38 years$10,154$6,569$4,119$2,519$1,511$849
39 years$9,784$6,246$3,859$2,322$1,371$755
40 years$9,433$5,943$3,617$2,142$1,243$672
41 years$9,101$5,657$3,392$1,976$1,128$598
42 years$8,785$5,388$3,181$1,824$1,023$533
43 years$8,484$5,133$2,985$1,684$929$475
44 years$8,198$4,893$2,802$1,555$843$423
45 years$7,926$4,666$2,631$1,436$765$376
46 years$7,666$4,451$2,471$1,326$695$335
47 years$7,418$4,248$2,322$1,225$631$299
48 years$7,180$4,055$2,182$1,132$573$266
49 years$6,954$3,872$2,051$1,046$520$237
50 years$6,737$3,699$1,928$967$473$211

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 $3,693 every year, while hoping to spend $30,568 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: 52/32/16 Blend
54$6,900,000$6,900,000$6,900,000$6,900,000
55$7,607,609$7,241,909$7,134,959$7,969,983
56$8,351,061$7,564,239$7,341,456$8,541,048
57$9,169,321$7,901,338$7,553,847$9,158,298
58$10,069,986$8,253,898$7,772,295$9,828,964
59$11,061,429$8,622,644$7,996,971$10,558,114
60$12,152,875$9,008,333$8,228,050$11,351,319
61$13,354,489$9,411,762$8,465,710$12,214,700
62$14,677,471$9,833,762$8,710,135$13,154,985
63$16,134,163$10,275,206$8,961,515$14,179,571
64$17,738,164$10,737,008$9,220,042$15,296,591
65$19,504,461$11,220,126$9,485,918$16,514,985
66$21,449,566$11,725,561$9,759,346$17,844,586
67$23,591,674$12,254,366$10,040,536$19,296,210
68$25,950,836$12,807,642$10,329,706$20,881,752
69$28,549,146$13,386,541$10,627,076$22,614,296
70$31,410,951$13,992,274$10,932,875$24,508,237
71$34,563,078$14,626,105$11,247,336$26,579,413
72$38,035,091$15,289,363$11,570,701$28,845,251
73$41,859,566$15,983,438$11,903,215$31,324,924
74$46,072,402$16,709,787$12,245,133$34,039,537
75$50,713,157$17,469,937$12,596,715$37,012,312
76$55,825,422$18,265,486$12,958,228$40,268,811
77$61,457,234$19,098,113$13,329,947$43,837,169
78$67,661,524$19,969,574$13,712,153$47,748,355
79$74,496,626$20,881,709$14,105,136$52,036,461
80$82,026,817$21,836,448$14,509,193$56,739,018
81$90,322,931$22,835,812$14,924,630$61,897,346
82$99,463,024$23,881,921$15,351,759$67,556,938
83$109,533,112$24,976,995$15,790,902$73,767,882
84$120,627,981$26,123,360$16,242,390$80,585,331
85$132,852,087$27,323,456$16,706,561$88,070,017
86$146,320,532$28,579,837$17,183,763$96,288,814
87$161,160,161$29,895,184$17,674,354$105,315,367
88$177,510,753$31,272,304$18,178,701$115,230,779
89$195,526,341$32,714,138$18,697,178$126,124,366
90$215,376,668$34,223,771$19,230,174$138,094,499
91$237,248,788$35,804,435$19,778,084$151,249,516
92$261,348,830$37,459,519$20,341,316$165,708,743
93$287,903,948$39,192,572$20,920,287$181,603,610
94$317,164,460$41,007,317$21,515,426$199,078,879
95$349,406,215$42,907,656$22,127,173$218,294,005
96$384,933,195$44,897,677$22,755,980$239,424,630
97$424,080,384$46,981,667$23,402,309$262,664,228
98$467,216,933$49,164,119$24,066,636$288,225,925
99$514,749,641$51,449,741$24,749,449$316,344,495
100$567,126,798$53,843,472$25,451,249$347,278,566