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%12%
1 years$379,864$376,480$373,179$369,957$366,810$363,737
2 years$188,051$184,549$181,155$177,864$174,672$171,574
3 years$124,122$120,605$117,219$113,959$110,819$107,793
4 years$92,164$88,657$85,306$82,101$79,037$76,106
5 years$72,994$69,508$66,201$63,062$60,083$57,256
6 years$60,218$56,759$53,500$50,431$47,541$44,822
7 years$51,096$47,666$44,459$41,462$38,664$36,053
8 years$44,258$40,859$37,704$34,781$32,075$29,573
9 years$38,942$35,575$32,475$29,626$27,012$24,617
10 years$34,692$31,357$28,312$25,538$23,016$20,727
11 years$31,216$27,916$24,926$22,226$19,794$17,610
12 years$28,322$25,056$22,121$19,495$17,153$15,072
13 years$25,876$22,643$19,764$17,211$14,958$12,977
14 years$23,780$20,582$17,758$15,278$13,112$11,229
15 years$21,966$18,802$16,033$13,625$11,545$9,757
16 years$20,380$17,250$14,536$12,200$10,203$8,508
17 years$18,982$15,887$13,227$10,962$9,047$7,441
18 years$17,740$14,680$12,075$9,879$8,044$6,524
19 years$16,631$13,605$11,054$8,926$7,170$5,734
20 years$15,634$12,643$10,145$8,084$6,404$5,048
21 years$14,733$11,776$9,331$7,337$5,731$4,452
22 years$13,915$10,993$8,600$6,671$5,137$3,932
23 years$13,169$10,281$7,941$6,075$4,611$3,477
24 years$12,487$9,633$7,344$5,541$4,145$3,078
25 years$11,860$9,040$6,802$5,061$3,730$2,728
26 years$11,282$8,496$6,308$4,627$3,360$2,420
27 years$10,748$7,996$5,858$4,235$3,029$2,148
28 years$10,252$7,534$5,446$3,880$2,733$1,907
29 years$9,792$7,108$5,068$3,558$2,468$1,695
30 years$9,364$6,713$4,720$3,266$2,230$1,507
31 years$8,963$6,346$4,401$2,999$2,016$1,341
32 years$8,589$6,004$4,106$2,756$1,824$1,193
33 years$8,238$5,686$3,834$2,535$1,650$1,062
34 years$7,908$5,389$3,582$2,332$1,494$946
35 years$7,598$5,112$3,349$2,147$1,353$843
36 years$7,306$4,852$3,133$1,977$1,226$751
37 years$7,030$4,608$2,932$1,822$1,111$669
38 years$6,769$4,379$2,746$1,679$1,008$596
39 years$6,523$4,164$2,573$1,548$914$532
40 years$6,289$3,962$2,411$1,428$829$474
41 years$6,067$3,771$2,261$1,318$752$423
42 years$5,856$3,592$2,121$1,216$682$377
43 years$5,656$3,422$1,990$1,122$619$336
44 years$5,465$3,262$1,868$1,036$562$300
45 years$5,284$3,111$1,754$957$510$268
46 years$5,110$2,967$1,648$884$463$239
47 years$4,945$2,832$1,548$817$421$213
48 years$4,787$2,703$1,455$755$382$190
49 years$4,636$2,582$1,367$698$347$170
50 years$4,491$2,466$1,285$645$315$152

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 $4,539 every year, while hoping to spend $29,548 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: 64/26/10 Blend
54$4,600,000$4,600,000$4,600,000$4,600,000
55$5,073,882$4,830,082$4,758,782$5,387,303
56$5,559,979$5,035,317$4,886,762$5,802,280
57$6,094,668$5,249,619$5,018,040$6,251,481
58$6,682,873$5,473,399$5,152,693$6,741,364
59$7,330,022$5,707,091$5,290,804$7,275,882
60$8,042,093$5,951,148$5,432,455$7,859,384
61$8,825,674$6,206,041$5,577,730$8,496,653
62$9,688,024$6,472,269$5,726,715$9,192,953
63$10,637,141$6,750,348$5,879,498$9,954,077
64$11,681,837$7,040,823$6,036,169$10,786,397
65$12,831,823$7,344,262$6,196,819$11,696,925
66$14,097,798$7,661,260$6,361,542$12,693,381
67$15,491,553$7,992,441$6,530,433$13,784,259
68$17,026,077$8,338,457$6,703,589$14,978,910
69$18,715,686$8,699,990$6,881,108$16,287,626
70$20,576,153$9,077,757$7,063,092$17,721,737
71$22,624,859$9,472,505$7,249,644$19,293,716
72$24,880,956$9,885,020$7,440,869$21,017,297
73$27,365,549$10,316,120$7,636,873$22,907,598
74$30,101,892$10,766,667$7,837,765$24,981,267
75$33,115,611$11,237,560$8,043,656$27,256,634
76$36,434,944$11,729,742$8,254,660$29,753,883
77$40,091,008$12,244,199$8,470,890$32,495,242
78$44,118,091$12,781,964$8,692,465$35,505,188
79$48,553,977$13,344,121$8,919,504$38,810,676
80$53,440,303$13,931,803$9,152,127$42,441,394
81$58,822,949$14,546,197$9,390,458$46,430,038
82$64,752,474$15,188,545$9,634,623$50,812,617
83$71,284,593$15,860,150$9,884,750$55,628,794
84$78,480,701$16,562,377$10,140,968$60,922,256
85$86,408,451$17,296,652$10,403,409$66,741,122
86$95,142,397$18,064,472$10,672,208$73,138,393
87$104,764,695$18,867,405$10,947,500$80,172,455
88$115,365,877$19,707,091$11,229,424$87,907,620
89$127,045,708$20,585,249$11,518,122$96,414,735
90$139,914,126$21,503,682$11,813,734$105,771,841
91$154,092,279$22,464,275$12,116,407$116,064,914
92$169,713,672$23,469,006$12,426,287$127,388,665
93$186,925,423$24,519,943$12,743,524$139,847,434
94$205,889,652$25,619,256$13,068,268$153,556,168
95$226,785,015$26,769,218$13,400,673$168,641,506
96$249,808,385$27,972,208$13,740,894$185,242,964
97$275,176,714$29,230,720$14,089,088$203,514,251
98$303,129,081$30,547,368$14,445,415$223,624,712
99$333,928,947$31,924,888$14,810,036$245,760,926
100$367,866,640$33,366,149$15,183,113$270,128,456