Can I retire at age 55 with 4,800,000?

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 $4,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$396,380$392,849$389,404$386,042$382,759$378,447
2 years$196,227$192,573$189,031$185,597$182,266$177,925
3 years$129,519$125,849$122,316$118,914$115,637$111,402
4 years$96,171$92,512$89,014$85,671$82,473$78,377
5 years$76,168$72,531$69,079$65,803$62,695$58,749
6 years$62,836$59,227$55,826$52,623$49,608$45,817
7 years$53,318$49,738$46,392$43,265$40,345$36,711
8 years$46,182$42,635$39,344$36,294$33,470$29,992
9 years$40,635$37,121$33,887$30,914$28,187$24,864
10 years$36,200$32,721$29,543$26,648$24,016$20,847
11 years$32,574$29,129$26,009$23,192$20,655$17,636
12 years$29,554$26,145$23,083$20,342$17,899$15,027
13 years$27,001$23,627$20,623$17,959$15,608$12,880
14 years$24,814$21,477$18,530$15,942$13,682$11,093
15 years$22,921$19,619$16,730$14,218$12,047$9,594
16 years$21,266$18,000$15,168$12,730$10,647$8,325
17 years$19,807$16,578$13,802$11,438$9,440$7,246
18 years$18,512$15,318$12,600$10,308$8,394$6,322
19 years$17,354$14,197$11,534$9,314$7,482$5,528
20 years$16,314$13,193$10,586$8,436$6,683$4,842
21 years$15,373$12,288$9,737$7,656$5,980$4,248
22 years$14,520$11,471$8,974$6,961$5,361$3,732
23 years$13,742$10,728$8,286$6,340$4,812$3,283
24 years$13,029$10,052$7,663$5,782$4,325$2,891
25 years$12,375$9,433$7,098$5,281$3,892$2,548
26 years$11,772$8,866$6,583$4,828$3,506$2,247
27 years$11,215$8,344$6,113$4,419$3,161$1,983
28 years$10,698$7,862$5,682$4,049$2,852$1,752
29 years$10,218$7,417$5,288$3,713$2,575$1,548
30 years$9,771$7,005$4,926$3,408$2,327$1,369
31 years$9,353$6,622$4,592$3,130$2,104$1,211
32 years$8,962$6,265$4,284$2,876$1,903$1,071
33 years$8,596$5,933$4,000$2,645$1,722$948
34 years$8,252$5,624$3,738$2,434$1,559$839
35 years$7,928$5,334$3,494$2,240$1,412$743
36 years$7,624$5,063$3,269$2,063$1,280$658
37 years$7,336$4,808$3,060$1,901$1,160$583
38 years$7,064$4,570$2,865$1,752$1,051$517
39 years$6,806$4,345$2,684$1,616$953$458
40 years$6,562$4,134$2,516$1,490$865$406
41 years$6,331$3,935$2,359$1,375$785$360
42 years$6,111$3,748$2,213$1,269$712$319
43 years$5,902$3,571$2,077$1,171$646$283
44 years$5,703$3,404$1,949$1,082$586$251
45 years$5,513$3,246$1,830$999$532$222
46 years$5,333$3,096$1,719$923$483$197
47 years$5,160$2,955$1,615$852$439$175
48 years$4,995$2,821$1,518$788$399$155
49 years$4,837$2,694$1,427$728$362$138
50 years$4,686$2,573$1,341$673$329$122

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $4,800,000, adding $3,220 every year, while hoping to spend $49,044 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: 38/35/27 Blend
54$4,800,000$4,800,000$4,800,000$4,800,000
55$5,292,921$5,038,521$4,964,121$5,451,354
56$5,780,617$5,233,227$5,078,237$5,762,516
57$6,316,414$5,435,828$5,194,532$6,093,830
58$6,905,166$5,646,662$5,313,027$6,450,960
59$7,552,223$5,866,078$5,433,743$6,836,278
60$8,263,475$6,094,441$5,556,698$7,252,393
61$9,045,413$6,332,133$5,681,912$7,702,167
62$9,905,191$6,579,553$5,809,401$8,188,748
63$10,850,685$6,837,116$5,939,181$8,715,590
64$11,890,578$7,105,258$6,071,267$9,286,494
65$13,034,433$7,384,431$6,205,670$9,905,635
66$14,292,788$7,675,112$6,342,403$10,577,603
67$15,677,254$7,977,794$6,481,476$11,307,445
68$17,200,624$8,292,995$6,622,895$12,100,710
69$18,876,992$8,621,257$6,766,667$12,963,501
70$20,721,890$8,963,143$6,912,795$13,902,530
71$22,752,431$9,319,245$7,061,281$14,925,181
72$24,987,468$9,690,178$7,212,123$16,039,575
73$27,447,780$10,076,586$7,365,320$17,254,649
74$30,156,259$10,479,144$7,520,863$18,580,235
75$33,138,130$10,898,555$7,678,744$20,027,153
76$36,421,188$11,335,553$7,838,951$21,607,308
77$40,036,062$11,790,908$8,001,469$23,333,805
78$44,016,501$12,265,423$8,166,279$25,221,065
79$48,399,692$12,759,937$8,333,357$27,284,965
80$53,226,614$13,275,327$8,502,678$29,542,978
81$58,542,422$13,812,512$8,674,211$32,014,343
82$64,396,874$14,372,449$8,847,921$34,720,239
83$70,844,797$14,956,142$9,023,770$37,683,983
84$77,946,612$15,564,638$9,201,711$40,931,249
85$85,768,894$16,199,033$9,381,696$44,490,304
86$94,385,009$16,860,473$9,563,670$48,392,278
87$103,875,799$17,550,155$9,747,573$52,671,446
88$114,330,351$18,269,333$9,933,337$57,365,556
89$125,846,833$19,019,317$10,120,890$62,516,178
90$138,533,421$19,801,475$10,310,151$68,169,092
91$152,509,323$20,617,240$10,501,034$74,374,721
92$167,905,900$21,468,111$10,693,445$81,188,596
93$184,867,908$22,355,655$10,887,282$88,671,884
94$203,554,863$23,281,509$11,082,433$96,891,953
95$224,142,545$24,247,389$11,278,781$105,923,010
96$246,824,660$25,255,088$11,476,196$115,846,795
97$271,814,669$26,306,480$11,674,542$126,753,346
98$299,347,796$27,403,528$11,873,669$138,741,846
99$329,683,254$28,548,284$12,073,421$151,921,552
100$363,106,692$29,742,896$12,273,626$166,412,824