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%17%
1 years$569,796$564,720$559,768$554,935$550,216$534,531
2 years$282,077$276,824$271,732$266,796$262,007$246,328
3 years$186,183$180,907$175,829$170,939$166,228$151,044
4 years$138,246$132,986$127,958$123,152$118,555$103,984
5 years$109,491$104,263$99,301$94,592$90,124$76,205
6 years$90,327$85,138$80,250$75,646$71,312$58,058
7 years$76,644$71,499$66,688$62,193$57,996$45,407
8 years$66,387$61,288$56,557$52,172$48,113$36,182
9 years$58,413$53,362$48,712$44,439$40,518$29,234
10 years$52,037$47,036$42,468$38,307$34,524$23,870
11 years$46,825$41,873$37,389$33,338$29,691$19,652
12 years$42,484$37,583$33,181$29,242$25,730$16,285
13 years$38,814$33,964$29,645$25,817$22,437$13,565
14 years$35,670$30,873$26,637$22,917$19,668$11,348
15 years$32,949$28,203$24,049$20,438$17,317$9,526
16 years$30,570$25,875$21,804$18,300$15,305$8,020
17 years$28,473$23,830$19,841$16,442$13,571$6,768
18 years$26,611$22,020$18,112$14,818$12,066$5,723
19 years$24,947$20,408$16,581$13,389$10,755$4,847
20 years$23,451$18,964$15,217$12,127$9,607$4,111
21 years$22,099$17,665$13,997$11,006$8,597$3,491
22 years$20,872$16,489$12,900$10,007$7,706$2,967
23 years$19,754$15,422$11,911$9,113$6,917$2,524
24 years$18,730$14,449$11,016$8,312$6,217$2,148
25 years$17,789$13,560$10,203$7,591$5,595$1,830
26 years$16,922$12,744$9,463$6,941$5,039$1,559
27 years$16,121$11,994$8,787$6,353$4,543$1,330
28 years$15,379$11,302$8,168$5,821$4,100$1,134
29 years$14,688$10,662$7,601$5,338$3,702$967
30 years$14,045$10,069$7,080$4,899$3,345$826
31 years$13,445$9,519$6,601$4,499$3,024$705
32 years$12,883$9,006$6,159$4,135$2,736$602
33 years$12,357$8,529$5,750$3,802$2,476$514
34 years$11,862$8,084$5,373$3,498$2,241$439
35 years$11,397$7,667$5,023$3,220$2,030$375
36 years$10,959$7,277$4,699$2,966$1,839$320
37 years$10,545$6,912$4,398$2,733$1,667$273
38 years$10,154$6,569$4,119$2,519$1,511$234
39 years$9,784$6,246$3,859$2,322$1,371$200
40 years$9,433$5,943$3,617$2,142$1,243$171
41 years$9,101$5,657$3,392$1,976$1,128$146
42 years$8,785$5,388$3,181$1,824$1,023$125
43 years$8,484$5,133$2,985$1,684$929$106
44 years$8,198$4,893$2,802$1,555$843$91
45 years$7,926$4,666$2,631$1,436$765$78
46 years$7,666$4,451$2,471$1,326$695$66
47 years$7,418$4,248$2,322$1,225$631$57
48 years$7,180$4,055$2,182$1,132$573$48
49 years$6,954$3,872$2,051$1,046$520$41
50 years$6,737$3,699$1,928$967$473$35

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 $5,939 every year, while hoping to spend $44,686 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: 54/40/6 Blend
54$6,900,000$6,900,000$6,900,000$6,900,000
55$7,609,926$7,244,226$7,137,276$8,010,305
56$8,338,593$7,551,648$7,328,829$8,588,908
57$9,140,086$7,872,635$7,525,302$9,212,845
58$10,021,787$8,207,806$7,726,811$9,890,780
59$10,991,828$8,557,807$7,933,478$10,627,829
60$12,059,169$8,923,314$8,145,424$11,429,618
61$13,233,683$9,305,036$8,362,775$12,302,327
62$14,526,249$9,703,713$8,585,658$13,252,747
63$15,948,852$10,120,121$8,814,204$14,288,345
64$17,514,701$10,555,072$9,048,545$15,417,330
65$19,238,346$11,009,417$9,288,817$16,648,726
66$21,135,824$11,484,044$9,535,159$17,992,458
67$23,224,802$11,979,886$9,787,710$19,459,440
68$25,524,749$12,497,918$10,046,616$21,061,675
69$28,057,117$13,039,160$10,312,022$22,812,366
70$30,845,546$13,604,682$10,584,077$24,726,039
71$33,916,082$14,195,602$10,862,935$26,818,674
72$37,297,429$14,813,093$11,148,749$29,107,851
73$41,021,213$15,458,380$11,441,678$31,612,916
74$45,122,285$16,132,749$11,741,883$34,355,157
75$49,639,049$16,837,545$12,049,527$37,358,004
76$54,613,824$17,574,176$12,364,778$40,647,239
77$60,093,240$18,344,117$12,687,805$44,251,241
78$66,128,685$19,148,913$13,018,780$48,201,250
79$72,776,781$19,990,181$13,357,880$52,531,650
80$80,099,927$20,869,614$13,705,283$57,280,295
81$88,166,882$21,788,987$14,061,172$62,488,857
82$97,053,413$22,750,157$14,425,731$68,203,217
83$106,843,017$23,755,070$14,799,148$74,473,889
84$117,627,700$24,805,763$15,181,615$81,356,491
85$129,508,851$25,904,372$15,573,325$88,912,266
86$142,598,198$27,053,131$15,974,476$97,208,652
87$157,018,862$28,254,381$16,385,268$106,319,910
88$172,906,515$29,510,576$16,805,904$116,327,818
89$190,410,669$30,824,283$17,236,592$127,322,438
90$209,696,079$32,198,195$17,677,539$139,402,956
91$230,944,302$33,635,129$18,128,959$152,678,608
92$254,355,409$35,138,038$18,591,067$167,269,706
93$280,149,874$36,710,016$19,064,082$183,308,761
94$308,570,657$38,354,302$19,548,224$200,941,726
95$339,885,493$40,074,292$20,043,719$220,329,365
96$374,389,422$41,873,541$20,550,792$241,648,757
97$412,407,573$43,755,775$21,069,673$265,094,956
98$454,298,234$45,724,896$21,600,596$290,882,827
99$500,456,233$47,784,995$22,143,795$319,249,053
100$551,316,665$49,940,356$22,699,508$350,454,363