Can I retire at age 55 with 4,400,000?

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 $4,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$363,348$360,111$356,954$353,872$350,862$344,060
2 years$179,875$176,525$173,278$170,131$167,077$160,251
3 years$118,726$115,361$112,123$109,004$106,001$99,364
4 years$88,157$84,803$81,597$78,531$75,601$69,205
5 years$69,820$66,486$63,322$60,320$57,470$51,333
6 years$57,600$54,291$51,174$48,238$45,474$39,603
7 years$48,875$45,594$42,526$39,659$36,983$31,379
8 years$42,334$39,082$36,065$33,269$30,681$25,342
9 years$37,249$34,028$31,063$28,338$25,838$20,761
10 years$33,183$29,994$27,081$24,428$22,015$17,196
11 years$29,859$26,702$23,842$21,259$18,934$14,366
12 years$27,091$23,966$21,159$18,647$16,407$12,085
13 years$24,751$21,658$18,904$16,463$14,308$10,223
14 years$22,746$19,687$16,986$14,614$12,542$8,688
15 years$21,011$17,984$15,336$13,033$11,043$7,411
16 years$19,494$16,500$13,904$11,670$9,760$6,342
17 years$18,156$15,196$12,652$10,485$8,654$5,442
18 years$16,969$14,042$11,550$9,449$7,694$4,680
19 years$15,908$13,014$10,573$8,538$6,858$4,032
20 years$14,954$12,093$9,704$7,733$6,126$3,480
21 years$14,092$11,264$8,925$7,018$5,482$3,007
22 years$13,310$10,515$8,226$6,381$4,914$2,602
23 years$12,597$9,834$7,595$5,811$4,411$2,254
24 years$11,944$9,214$7,024$5,300$3,965$1,954
25 years$11,344$8,647$6,506$4,841$3,568$1,695
26 years$10,791$8,127$6,034$4,426$3,214$1,471
27 years$10,280$7,648$5,603$4,051$2,897$1,278
28 years$9,807$7,207$5,209$3,712$2,614$1,111
29 years$9,367$6,799$4,847$3,404$2,361$966
30 years$8,956$6,421$4,515$3,124$2,133$840
31 years$8,574$6,070$4,209$2,869$1,928$731
32 years$8,216$5,743$3,927$2,637$1,744$636
33 years$7,880$5,439$3,667$2,425$1,579$553
34 years$7,564$5,155$3,426$2,231$1,429$482
35 years$7,268$4,889$3,203$2,054$1,295$420
36 years$6,988$4,641$2,997$1,891$1,173$365
37 years$6,724$4,408$2,805$1,743$1,063$318
38 years$6,475$4,189$2,627$1,606$964$277
39 years$6,239$3,983$2,461$1,481$874$242
40 years$6,015$3,790$2,306$1,366$793$210
41 years$5,803$3,607$2,163$1,260$719$183
42 years$5,602$3,436$2,029$1,163$653$160
43 years$5,410$3,273$1,904$1,074$592$139
44 years$5,228$3,120$1,787$991$538$121
45 years$5,054$2,975$1,678$916$488$106
46 years$4,888$2,838$1,576$846$443$92
47 years$4,730$2,709$1,481$781$402$80
48 years$4,579$2,586$1,391$722$365$70
49 years$4,434$2,469$1,308$667$332$61
50 years$4,296$2,359$1,229$617$301$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $4,400,000, adding $4,125 every year, while hoping to spend $44,893 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: 49/38/13 Blend
54$4,400,000$4,400,000$4,400,000$4,400,000
55$4,853,055$4,619,855$4,551,655$5,073,346
56$5,300,301$4,798,462$4,656,370$5,403,911
57$5,791,661$4,984,316$4,763,088$5,757,768
58$6,331,588$5,177,725$4,871,829$6,141,138
59$6,924,987$5,379,010$4,982,611$6,556,799
60$7,577,261$5,588,507$5,095,454$7,007,805
61$8,294,363$5,806,566$5,210,374$7,497,513
62$9,082,853$6,033,553$5,327,386$8,029,612
63$9,949,957$6,269,849$5,446,506$8,608,160
64$10,903,635$6,515,855$5,567,748$9,237,616
65$11,952,661$6,771,987$5,691,122$9,922,885
66$13,106,698$7,038,680$5,816,640$10,669,360
67$14,376,395$7,316,389$5,944,312$11,482,975
68$15,773,485$7,605,590$6,074,144$12,370,255
69$17,310,896$7,906,779$6,206,142$13,338,379
70$19,002,870$8,220,474$6,340,311$14,395,247
71$20,865,103$8,547,217$6,476,651$15,549,549
72$22,914,887$8,887,575$6,615,163$16,810,850
73$25,171,279$9,242,139$6,755,844$18,189,674
74$27,655,273$9,611,528$6,898,689$19,697,605
75$30,390,005$9,996,387$7,043,689$21,347,391
76$33,400,967$10,397,391$7,190,834$23,153,067
77$36,716,250$10,815,248$7,340,112$25,130,079
78$40,366,806$11,250,693$7,491,503$27,295,434
79$44,386,741$11,704,498$7,644,990$29,667,854
80$48,813,639$12,177,469$7,800,548$32,267,950
81$53,688,914$12,670,449$7,958,150$35,118,418
82$59,058,200$13,184,317$8,117,764$38,244,247
83$64,971,783$13,719,995$8,279,356$41,672,951
84$71,485,075$14,278,445$8,442,885$45,434,833
85$78,659,137$14,860,674$8,608,306$49,563,258
86$86,561,255$15,467,733$8,775,570$54,094,972
87$95,265,574$16,100,723$8,944,623$59,070,444
88$104,853,798$16,760,794$9,115,404$64,534,243
89$115,415,962$17,449,150$9,287,846$70,535,457
90$127,051,280$18,167,047$9,461,878$77,128,152
91$139,869,081$18,915,803$9,637,422$84,371,878
92$153,989,843$19,696,793$9,814,391$92,332,226
93$169,546,327$20,511,456$9,992,693$101,081,448
94$186,684,832$21,361,297$10,172,228$110,699,129
95$205,566,575$22,247,891$10,352,888$121,272,937
96$226,369,213$23,172,885$10,534,557$132,899,442
97$249,288,517$24,138,001$10,717,109$145,685,029
98$274,540,225$25,145,041$10,900,411$159,746,891
99$302,362,071$26,195,891$11,084,318$175,214,134
100$333,016,036$27,292,524$11,268,676$192,228,988