Can I retire at age 55 with 4,500,000?

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 $4,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$371,606$368,296$365,066$361,914$358,836$355,978
2 years$183,963$180,537$177,217$173,997$170,874$167,994
3 years$121,424$117,983$114,671$111,482$108,410$105,595
4 years$90,160$86,730$83,451$80,316$77,319$74,592
5 years$71,407$67,997$64,761$61,691$58,776$56,146
6 years$58,909$55,525$52,337$49,334$46,508$43,977
7 years$49,985$46,630$43,492$40,561$37,823$35,393
8 years$43,296$39,970$36,885$34,025$31,378$29,048
9 years$38,095$34,801$31,769$28,982$26,425$24,194
10 years$33,937$30,676$27,697$24,983$22,515$20,383
11 years$30,538$27,309$24,384$21,742$19,364$17,329
12 years$27,707$24,511$21,640$19,071$16,780$14,841
13 years$25,313$22,151$19,334$16,837$14,633$12,786
14 years$23,263$20,134$17,372$14,946$12,827$11,071
15 years$21,488$18,393$15,684$13,329$11,294$9,626
16 years$19,937$16,875$14,220$11,935$9,982$8,399
17 years$18,569$15,542$12,940$10,723$8,850$7,351
18 years$17,355$14,361$11,812$9,664$7,869$6,450
19 years$16,270$13,310$10,814$8,732$7,014$5,673
20 years$15,294$12,368$9,924$7,909$6,265$4,998
21 years$14,413$11,520$9,128$7,178$5,607$4,411
22 years$13,612$10,754$8,413$6,526$5,026$3,899
23 years$12,883$10,058$7,768$5,943$4,511$3,451
24 years$12,215$9,424$7,184$5,421$4,055$3,057
25 years$11,602$8,844$6,654$4,951$3,649$2,711
26 years$11,036$8,311$6,171$4,527$3,287$2,406
27 years$10,514$7,822$5,731$4,143$2,963$2,138
28 years$10,030$7,371$5,327$3,796$2,674$1,900
29 years$9,579$6,953$4,957$3,481$2,414$1,690
30 years$9,160$6,567$4,618$3,195$2,181$1,504
31 years$8,769$6,208$4,305$2,934$1,972$1,339
32 years$8,402$5,874$4,017$2,697$1,784$1,193
33 years$8,059$5,563$3,750$2,480$1,615$1,063
34 years$7,736$5,272$3,504$2,282$1,462$947
35 years$7,433$5,000$3,276$2,100$1,324$844
36 years$7,147$4,746$3,065$1,934$1,200$753
37 years$6,877$4,508$2,868$1,782$1,087$672
38 years$6,622$4,284$2,686$1,643$986$599
39 years$6,381$4,074$2,517$1,515$894$535
40 years$6,152$3,876$2,359$1,397$811$477
41 years$5,935$3,689$2,212$1,289$736$426
42 years$5,729$3,514$2,075$1,190$667$380
43 years$5,533$3,348$1,947$1,098$606$339
44 years$5,347$3,191$1,828$1,014$550$303
45 years$5,169$3,043$1,716$936$499$271
46 years$4,999$2,903$1,612$865$453$242
47 years$4,838$2,770$1,514$799$412$216
48 years$4,683$2,645$1,423$738$374$193
49 years$4,535$2,525$1,337$682$339$172
50 years$4,394$2,412$1,257$631$308$154

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $4,500,000, adding $4,058 every year, while hoping to spend $32,616 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: 70/11/19 Blend
54$4,500,000$4,500,000$4,500,000$4,500,000
55$4,963,186$4,724,686$4,654,936$5,287,501
56$5,434,728$4,921,492$4,776,173$5,700,999
57$5,953,274$5,126,849$4,900,378$6,149,182
58$6,523,583$5,341,141$5,027,617$6,638,925
59$7,150,902$5,564,770$5,157,955$7,174,334
60$7,841,007$5,798,157$5,291,460$7,759,927
61$8,600,266$6,041,742$5,428,200$8,400,680
62$9,435,692$6,295,987$5,568,244$9,102,071
63$10,355,015$6,561,372$5,711,662$9,870,131
64$11,366,751$6,838,404$5,858,527$10,711,503
65$12,480,283$7,127,609$6,008,911$11,633,500
66$13,705,950$7,429,540$6,162,888$12,644,175
67$15,055,144$7,744,775$6,320,532$13,752,398
68$16,540,419$8,073,919$6,481,920$14,967,938
69$18,175,606$8,417,605$6,647,128$16,301,552
70$19,975,945$8,776,495$6,816,235$17,765,089
71$21,958,232$9,151,284$6,989,319$19,371,600
72$24,140,971$9,542,697$7,166,461$21,135,459
73$26,544,555$9,951,493$7,347,742$23,072,501
74$29,191,452$10,378,468$7,533,243$25,200,166
75$32,106,421$10,824,455$7,723,049$27,537,666
76$35,316,747$11,290,325$7,917,242$30,106,165
77$38,852,494$11,776,989$8,115,908$32,928,976
78$42,746,790$12,285,403$8,319,133$36,031,783
79$47,036,142$12,816,567$8,527,003$39,442,878
80$51,760,777$13,371,527$8,739,606$43,193,431
81$56,965,023$13,951,379$8,957,030$47,317,782
82$62,697,729$14,557,270$9,179,364$51,853,761
83$69,012,723$15,190,402$9,406,698$56,843,048
84$75,969,320$15,852,031$9,639,121$62,331,562
85$83,632,885$16,543,475$9,876,727$68,369,896
86$92,075,447$17,266,113$10,119,604$75,013,789
87$101,376,378$18,021,388$10,367,847$82,324,656
88$111,623,145$18,810,812$10,621,546$90,370,159
89$122,912,133$19,635,969$10,880,795$99,224,852
90$135,349,556$20,498,517$11,145,687$108,970,878
91$149,052,458$21,400,192$11,416,315$119,698,744
92$164,149,820$22,342,812$11,692,773$131,508,173
93$180,783,774$23,328,282$11,975,153$144,509,046
94$199,110,947$24,358,597$12,263,549$158,822,432
95$219,303,940$25,435,844$12,558,054$174,581,736
96$241,552,953$26,562,212$12,858,760$191,933,950
97$266,067,587$27,739,993$13,165,761$211,041,041
98$293,078,814$28,971,586$13,479,148$232,081,477
99$322,841,165$30,259,506$13,799,011$255,251,912
100$355,635,128$31,606,385$14,125,442$280,769,036