Can I retire at age 55 with 4,200,000?

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 $4,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$346,832$343,743$340,729$337,787$334,914$324,974
2 years$171,699$168,501$165,402$162,397$159,483$149,551
3 years$113,329$110,117$107,026$104,050$101,182$91,570
4 years$84,150$80,948$77,888$74,962$72,164$62,944
5 years$66,647$63,464$60,444$57,578$54,858$46,056
6 years$54,982$51,823$48,848$46,046$43,407$35,031
7 years$46,653$43,521$40,593$37,857$35,302$27,351
8 years$40,409$37,306$34,426$31,757$29,286$21,756
9 years$35,556$32,481$29,651$27,050$24,663$17,546
10 years$31,675$28,631$25,850$23,317$21,014$14,300
11 years$28,502$25,488$22,758$20,293$18,073$11,750
12 years$25,860$22,877$20,197$17,800$15,662$9,718
13 years$23,626$20,674$18,045$15,714$13,657$8,078
14 years$21,712$18,792$16,214$13,950$11,972$6,744
15 years$20,056$17,167$14,639$12,441$10,541$5,650
16 years$18,608$15,750$13,272$11,139$9,316$4,746
17 years$17,331$14,505$12,077$10,008$8,260$3,996
18 years$16,198$13,404$11,025$9,020$7,345$3,372
19 years$15,185$12,422$10,093$8,150$6,547$2,849
20 years$14,274$11,543$9,263$7,381$5,847$2,411
21 years$13,452$10,752$8,520$6,699$5,233$2,042
22 years$12,705$10,037$7,852$6,091$4,690$1,732
23 years$12,024$9,387$7,250$5,547$4,210$1,470
24 years$11,401$8,795$6,705$5,059$3,784$1,248
25 years$10,828$8,254$6,210$4,621$3,405$1,061
26 years$10,301$7,757$5,760$4,225$3,067$902
27 years$9,813$7,301$5,348$3,867$2,766$767
28 years$9,361$6,879$4,972$3,543$2,495$652
29 years$8,941$6,490$4,627$3,249$2,253$555
30 years$8,549$6,129$4,310$2,982$2,036$473
31 years$8,184$5,794$4,018$2,739$1,841$402
32 years$7,842$5,482$3,749$2,517$1,665$343
33 years$7,522$5,192$3,500$2,314$1,507$292
34 years$7,221$4,921$3,270$2,129$1,364$249
35 years$6,937$4,667$3,058$1,960$1,236$212
36 years$6,671$4,430$2,860$1,805$1,120$181
37 years$6,419$4,207$2,677$1,663$1,015$154
38 years$6,181$3,998$2,507$1,533$920$131
39 years$5,956$3,802$2,349$1,414$834$112
40 years$5,742$3,617$2,202$1,304$757$95
41 years$5,540$3,443$2,064$1,203$687$81
42 years$5,347$3,279$1,937$1,110$623$69
43 years$5,164$3,125$1,817$1,025$565$59
44 years$4,990$2,978$1,706$946$513$50
45 years$4,824$2,840$1,602$874$466$43
46 years$4,666$2,709$1,504$807$423$37
47 years$4,515$2,586$1,413$746$384$31
48 years$4,371$2,468$1,328$689$349$27
49 years$4,233$2,357$1,248$637$317$23
50 years$4,101$2,252$1,174$589$288$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $4,200,000, adding $6,341 every year, while hoping to spend $49,394 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: 86/7/7 Blend
54$4,200,000$4,200,000$4,200,000$4,200,000
55$4,634,941$4,412,341$4,347,241$5,030,514
56$5,055,150$4,575,991$4,440,318$5,453,030
57$5,516,565$4,746,004$4,534,859$5,909,801
58$6,023,337$4,922,640$4,630,859$6,410,153
59$6,580,037$5,106,170$4,728,313$6,958,442
60$7,191,705$5,296,876$4,827,215$7,559,460
61$7,863,889$5,495,053$4,927,557$8,218,488
62$8,602,702$5,701,007$5,029,326$8,941,343
63$9,414,880$5,915,058$5,132,511$9,734,429
64$10,307,843$6,137,542$5,237,096$10,604,804
65$11,289,767$6,368,805$5,343,062$11,560,239
66$12,369,658$6,609,212$5,450,390$12,609,296
67$13,557,441$6,859,141$5,559,056$13,761,406
68$14,864,050$7,118,989$5,669,034$15,026,960
69$16,301,530$7,389,167$5,780,294$16,417,402
70$17,883,156$7,670,106$5,892,804$17,945,341
71$19,623,553$7,962,255$6,006,527$19,624,668
72$21,538,833$8,266,084$6,121,424$21,470,687
73$23,646,753$8,582,081$6,237,451$23,500,256
74$25,966,876$8,910,757$6,354,560$25,731,953
75$28,520,759$9,252,646$6,472,699$28,186,240
76$31,332,153$9,608,302$6,591,811$30,885,667
77$34,427,231$9,978,308$6,711,835$33,855,075
78$37,834,832$10,363,268$6,832,705$37,121,835
79$41,586,733$10,763,816$6,954,349$40,716,106
80$45,717,950$11,180,613$7,076,689$44,671,114
81$50,267,065$11,614,348$7,199,643$49,023,472
82$55,276,596$12,065,741$7,323,121$53,813,520
83$60,793,391$12,535,545$7,447,028$59,085,705
84$66,869,075$13,024,544$7,571,261$64,889,004
85$73,560,533$13,533,559$7,695,711$71,277,382
86$80,930,451$14,063,447$7,820,260$78,310,301
87$89,047,902$14,615,101$7,944,784$86,053,281
88$97,989,004$15,189,457$8,069,150$94,578,519
89$107,837,632$15,787,490$8,193,217$103,965,568
90$118,686,213$16,410,219$8,316,832$114,302,086
91$130,636,597$17,058,711$8,439,836$125,684,666
92$143,801,019$17,734,076$8,562,060$138,219,744
93$158,303,156$18,437,479$8,683,322$152,024,605
94$174,279,295$19,170,133$8,803,430$167,228,488
95$191,879,621$19,933,307$8,922,183$183,973,803
96$211,269,631$20,728,328$9,039,365$202,417,478
97$232,631,698$21,556,581$9,154,748$222,732,437
98$256,166,792$22,419,514$9,268,093$245,109,233
99$282,096,375$23,318,640$9,379,145$269,757,844
100$310,664,494$24,255,542$9,487,634$296,909,654