Can I retire at age 55 with 4,300,000?

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 $4,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$355,090$351,927$348,841$345,829$342,888$336,378
2 years$175,787$172,513$169,340$166,264$163,280$156,746
3 years$116,027$112,739$109,574$106,527$103,592$97,238
4 years$86,153$82,875$79,742$76,747$73,882$67,758
5 years$68,234$64,975$61,883$58,949$56,164$50,287
6 years$56,291$53,057$50,011$47,142$44,441$38,817
7 years$47,764$44,557$41,559$38,758$36,142$30,773
8 years$41,371$38,194$35,245$32,513$29,984$24,867
9 years$36,402$33,255$30,357$27,694$25,250$20,384
10 years$32,429$29,312$26,466$23,872$21,515$16,894
11 years$29,181$26,095$23,300$20,776$18,503$14,123
12 years$26,475$23,422$20,678$18,223$16,035$11,888
13 years$24,188$21,166$18,475$16,089$13,982$10,063
14 years$22,229$19,239$16,600$14,282$12,257$8,558
15 years$20,533$17,576$14,987$12,737$10,792$7,305
16 years$19,051$16,125$13,588$11,404$9,538$6,256
17 years$17,744$14,851$12,365$10,247$8,457$5,372
18 years$16,583$13,723$11,287$9,234$7,520$4,623
19 years$15,546$12,718$10,333$8,344$6,702$3,986
20 years$14,614$11,818$9,483$7,557$5,987$3,443
21 years$13,772$11,008$8,723$6,859$5,357$2,978
22 years$13,007$10,276$8,039$6,236$4,802$2,578
23 years$12,310$9,611$7,423$5,679$4,311$2,235
24 years$11,672$9,005$6,865$5,180$3,875$1,939
25 years$11,086$8,450$6,358$4,731$3,487$1,683
26 years$10,546$7,942$5,897$4,325$3,141$1,463
27 years$10,047$7,474$5,476$3,959$2,831$1,271
28 years$9,584$7,043$5,090$3,627$2,555$1,106
29 years$9,154$6,644$4,737$3,326$2,307$962
30 years$8,753$6,275$4,412$3,053$2,085$838
31 years$8,379$5,932$4,114$2,804$1,885$729
32 years$8,029$5,613$3,838$2,577$1,705$635
33 years$7,701$5,315$3,584$2,369$1,543$553
34 years$7,393$5,038$3,348$2,180$1,397$482
35 years$7,103$4,778$3,130$2,007$1,265$420
36 years$6,829$4,535$2,928$1,848$1,146$366
37 years$6,572$4,307$2,741$1,703$1,039$319
38 years$6,328$4,094$2,567$1,570$942$278
39 years$6,097$3,893$2,405$1,447$854$243
40 years$5,879$3,704$2,254$1,335$775$212
41 years$5,671$3,525$2,114$1,232$703$185
42 years$5,475$3,357$1,983$1,137$638$161
43 years$5,287$3,199$1,860$1,049$579$140
44 years$5,109$3,049$1,746$969$525$123
45 years$4,939$2,908$1,640$895$477$107
46 years$4,777$2,774$1,540$826$433$93
47 years$4,623$2,647$1,447$764$393$81
48 years$4,475$2,527$1,360$706$357$71
49 years$4,334$2,413$1,278$652$324$62
50 years$4,198$2,305$1,202$603$295$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $4,300,000, adding $5,727 every year, while hoping to spend $45,652 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: 36/36/28 Blend
54$4,300,000$4,300,000$4,300,000$4,300,000
55$4,744,507$4,516,607$4,449,957$4,875,245
56$5,179,874$4,689,348$4,550,458$5,145,752
57$5,658,117$4,869,022$4,652,794$5,433,045
58$6,183,564$5,055,923$4,756,981$5,742,332
59$6,760,978$5,250,353$4,863,031$6,075,620
60$7,395,608$5,452,632$4,970,953$6,435,117
61$8,093,239$5,663,090$5,080,759$6,823,245
62$8,860,242$5,882,073$5,192,457$7,242,664
63$9,703,636$6,109,944$5,306,053$7,696,298
64$10,631,155$6,347,079$5,421,554$8,187,360
65$11,651,320$6,593,874$5,538,964$8,719,380
66$12,773,519$6,850,738$5,658,283$9,296,239
67$14,008,096$7,118,102$5,779,514$9,922,203
68$15,366,448$7,396,415$5,902,654$10,601,961
69$16,861,132$7,686,146$6,027,699$11,340,673
70$18,505,983$7,987,783$6,154,643$12,144,010
71$20,316,248$8,301,838$6,283,477$13,018,211
72$22,308,723$8,628,846$6,414,192$13,970,138
73$24,501,917$8,969,364$6,546,772$15,007,342
74$26,916,225$9,323,976$6,681,201$16,138,128
75$29,574,119$9,693,289$6,817,460$17,371,636
76$32,500,359$10,077,940$6,955,525$18,717,923
77$35,722,231$10,478,594$7,095,370$20,188,056
78$39,269,799$10,895,946$7,236,965$21,794,218
79$43,176,192$11,330,721$7,380,277$23,549,815
80$47,477,914$11,783,677$7,525,267$25,469,605
81$52,215,191$12,255,607$7,671,893$27,569,833
82$57,432,348$12,747,339$7,820,109$29,868,384
83$63,178,228$13,259,740$7,969,864$32,384,947
84$69,506,653$13,793,713$8,121,100$35,141,199
85$76,476,932$14,350,204$8,273,756$38,161,010
86$84,154,417$14,930,203$8,427,766$41,470,659
87$92,611,127$15,534,741$8,583,055$45,099,088
88$101,926,418$16,164,901$8,739,544$49,078,164
89$112,187,742$16,821,810$8,897,148$53,442,982
90$123,491,463$17,506,650$9,055,774$58,232,192
91$135,943,772$18,220,655$9,215,322$63,488,358
92$149,661,686$18,965,116$9,375,684$69,258,362
93$164,774,153$19,741,383$9,536,745$75,593,835
94$181,423,273$20,550,866$9,698,382$82,551,649
95$199,765,630$21,395,042$9,860,461$90,194,443
96$219,973,779$22,275,454$10,022,841$98,591,215
97$242,237,869$23,193,716$10,185,371$107,817,967
98$266,767,439$24,151,516$10,347,888$117,958,419
99$293,793,397$25,150,619$10,510,222$129,104,793
100$323,570,196$26,192,872$10,672,187$141,358,680