Can I retire at age 55 with 4,600,000?

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 $4,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$379,864$376,480$373,179$369,957$366,810$355,069
2 years$188,051$184,549$181,155$177,864$174,672$162,950
3 years$124,122$120,605$117,219$113,959$110,819$99,486
4 years$92,164$88,657$85,306$82,101$79,037$68,179
5 years$72,994$69,508$66,201$63,062$60,083$49,729
6 years$60,218$56,759$53,500$50,431$47,541$37,700
7 years$51,096$47,666$44,459$41,462$38,664$29,335
8 years$44,258$40,859$37,704$34,781$32,075$23,252
9 years$38,942$35,575$32,475$29,626$27,012$18,684
10 years$34,692$31,357$28,312$25,538$23,016$15,170
11 years$31,216$27,916$24,926$22,226$19,794$12,417
12 years$28,322$25,056$22,121$19,495$17,153$10,228
13 years$25,876$22,643$19,764$17,211$14,958$8,469
14 years$23,780$20,582$17,758$15,278$13,112$7,040
15 years$21,966$18,802$16,033$13,625$11,545$5,873
16 years$20,380$17,250$14,536$12,200$10,203$4,912
17 years$18,982$15,887$13,227$10,962$9,047$4,118
18 years$17,740$14,680$12,075$9,879$8,044$3,459
19 years$16,631$13,605$11,054$8,926$7,170$2,910
20 years$15,634$12,643$10,145$8,084$6,404$2,451
21 years$14,733$11,776$9,331$7,337$5,731$2,067
22 years$13,915$10,993$8,600$6,671$5,137$1,744
23 years$13,169$10,281$7,941$6,075$4,611$1,473
24 years$12,487$9,633$7,344$5,541$4,145$1,245
25 years$11,860$9,040$6,802$5,061$3,730$1,053
26 years$11,282$8,496$6,308$4,627$3,360$891
27 years$10,748$7,996$5,858$4,235$3,029$754
28 years$10,252$7,534$5,446$3,880$2,733$638
29 years$9,792$7,108$5,068$3,558$2,468$541
30 years$9,364$6,713$4,720$3,266$2,230$458
31 years$8,963$6,346$4,401$2,999$2,016$388
32 years$8,589$6,004$4,106$2,756$1,824$329
33 years$8,238$5,686$3,834$2,535$1,650$279
34 years$7,908$5,389$3,582$2,332$1,494$236
35 years$7,598$5,112$3,349$2,147$1,353$200
36 years$7,306$4,852$3,133$1,977$1,226$170
37 years$7,030$4,608$2,932$1,822$1,111$144
38 years$6,769$4,379$2,746$1,679$1,008$122
39 years$6,523$4,164$2,573$1,548$914$103
40 years$6,289$3,962$2,411$1,428$829$88
41 years$6,067$3,771$2,261$1,318$752$74
42 years$5,856$3,592$2,121$1,216$682$63
43 years$5,656$3,422$1,990$1,122$619$54
44 years$5,465$3,262$1,868$1,036$562$45
45 years$5,284$3,111$1,754$957$510$38
46 years$5,110$2,967$1,648$884$463$33
47 years$4,945$2,832$1,548$817$421$28
48 years$4,787$2,703$1,455$755$382$23
49 years$4,636$2,582$1,367$698$347$20
50 years$4,491$2,466$1,285$645$315$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $4,600,000, adding $4,899 every year, while hoping to spend $39,889 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: 51/36/13 Blend
54$4,600,000$4,600,000$4,600,000$4,600,000
55$5,074,253$4,830,453$4,759,153$5,315,046
56$5,549,386$5,024,704$4,876,143$5,674,670
57$6,071,644$5,227,136$4,995,716$6,060,801
58$6,645,795$5,438,108$5,117,915$6,479,676
59$7,277,086$5,657,995$5,242,785$6,934,395
60$7,971,301$5,887,190$5,370,371$7,428,361
61$8,734,813$6,126,101$5,500,718$7,965,318
62$9,574,642$6,375,159$5,633,870$8,549,378
63$10,498,523$6,634,809$5,769,872$9,185,064
64$11,514,980$6,905,521$5,908,769$9,877,349
65$12,633,401$7,187,785$6,050,607$10,631,701
66$13,864,134$7,482,113$6,195,428$11,454,136
67$15,218,578$7,789,039$6,343,278$12,351,268
68$16,709,296$8,109,124$6,494,200$13,330,374
69$18,350,126$8,442,954$6,648,238$14,399,461
70$20,156,321$8,791,141$6,805,436$15,567,336
71$22,144,684$9,154,325$6,965,836$16,843,692
72$24,333,731$9,533,176$7,129,481$18,239,193
73$26,743,865$9,928,395$7,296,412$19,765,578
74$29,397,568$10,340,715$7,466,671$21,435,763
75$32,319,612$10,770,902$7,640,296$23,263,966
76$35,537,294$11,219,758$7,817,328$25,265,838
77$39,080,694$11,688,123$7,997,804$27,458,605
78$42,982,957$12,176,872$8,181,763$29,861,231
79$47,280,605$12,686,926$8,369,238$32,494,596
80$52,013,886$13,219,244$8,560,266$35,381,686
81$57,227,146$13,774,831$8,754,880$38,547,811
82$62,969,256$14,354,739$8,953,109$42,020,836
83$69,294,068$14,960,068$9,154,986$45,831,448
84$76,260,921$15,591,970$9,360,536$50,013,435
85$83,935,207$16,251,649$9,569,786$54,604,008
86$92,388,984$16,940,366$9,782,760$59,644,145
87$101,701,657$17,659,440$9,999,479$65,178,972
88$111,960,726$18,410,252$10,219,961$71,258,192
89$123,262,612$19,194,247$10,444,223$77,936,544
90$135,713,571$20,012,938$10,672,276$85,274,318
91$149,430,690$20,867,907$10,904,133$93,337,919
92$164,542,997$21,760,811$11,139,797$102,200,489
93$181,192,676$22,693,384$11,379,274$111,942,596
94$199,536,411$23,667,441$11,622,561$122,652,983
95$219,746,862$24,684,883$11,869,654$134,429,407
96$242,014,298$25,747,698$12,120,543$147,379,553
97$266,548,389$26,857,968$12,375,215$161,622,044
98$293,580,190$28,017,874$12,633,650$177,287,559
99$323,364,317$29,229,697$12,895,824$194,520,055
100$356,181,351$30,495,826$13,161,708$213,478,124