Can I retire at age 55 with 5,100,000?

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 $5,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$421,153$417,402$413,742$410,169$406,681$396,207
2 years$208,492$204,609$200,846$197,197$193,658$183,175
3 years$137,614$133,714$129,960$126,346$122,864$112,701
4 years$102,182$98,294$94,578$91,025$87,628$77,862
5 years$80,928$77,064$73,396$69,916$66,613$57,271
6 years$66,764$62,928$59,315$55,912$52,709$43,801
7 years$56,650$52,847$49,291$45,969$42,866$34,393
8 years$49,068$45,300$41,803$38,562$35,562$27,518
9 years$43,175$39,442$36,005$32,846$29,948$22,328
10 years$38,462$34,766$31,390$28,314$25,517$18,311
11 years$34,610$30,950$27,635$24,641$21,946$15,143
12 years$31,401$27,779$24,525$21,614$19,018$12,606
13 years$28,688$25,104$21,912$19,082$16,584$10,551
14 years$26,365$22,819$19,688$16,939$14,537$8,869
15 years$24,353$20,846$17,775$15,106$12,800$7,482
16 years$22,595$19,125$16,116$13,526$11,312$6,331
17 years$21,045$17,614$14,665$12,153$10,030$5,370
18 years$19,669$16,276$13,387$10,952$8,919$4,564
19 years$18,439$15,084$12,255$9,896$7,949$3,886
20 years$17,333$14,017$11,247$8,963$7,101$3,313
21 years$16,334$13,056$10,345$8,135$6,354$2,828
22 years$15,427$12,188$9,535$7,396$5,696$2,417
23 years$14,601$11,399$8,804$6,736$5,113$2,068
24 years$13,844$10,680$8,142$6,144$4,595$1,770
25 years$13,149$10,023$7,541$5,611$4,135$1,516
26 years$12,508$9,420$6,994$5,130$3,725$1,299
27 years$11,916$8,865$6,495$4,696$3,358$1,114
28 years$11,367$8,353$6,038$4,302$3,030$956
29 years$10,857$7,881$5,618$3,945$2,736$820
30 years$10,381$7,442$5,233$3,621$2,472$704
31 years$9,938$7,035$4,879$3,325$2,235$604
32 years$9,523$6,657$4,552$3,056$2,022$519
33 years$9,133$6,304$4,250$2,810$1,830$446
34 years$8,768$5,975$3,971$2,586$1,657$383
35 years$8,424$5,667$3,713$2,380$1,501$329
36 years$8,100$5,379$3,473$2,192$1,360$283
37 years$7,794$5,109$3,251$2,020$1,232$243
38 years$7,505$4,855$3,044$1,862$1,117$209
39 years$7,232$4,617$2,852$1,717$1,013$179
40 years$6,973$4,393$2,673$1,583$919$154
41 years$6,727$4,181$2,507$1,461$834$133
42 years$6,493$3,982$2,351$1,348$756$114
43 years$6,271$3,794$2,207$1,245$686$98
44 years$6,060$3,617$2,071$1,149$623$84
45 years$5,858$3,449$1,945$1,061$566$72
46 years$5,666$3,290$1,827$980$514$62
47 years$5,483$3,140$1,716$906$466$53
48 years$5,307$2,997$1,613$837$424$46
49 years$5,140$2,862$1,516$773$385$40
50 years$4,979$2,734$1,425$715$349$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $5,100,000, adding $3,841 every year, while hoping to spend $24,239 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: 76/7/17 Blend
54$5,100,000$5,100,000$5,100,000$5,100,000
55$5,624,162$5,353,862$5,274,812$6,029,897
56$6,172,036$5,590,411$5,425,728$6,535,216
57$6,774,982$5,837,739$5,580,887$7,085,687
58$7,438,589$6,096,347$5,740,407$7,688,560
59$8,169,021$6,366,764$5,904,406$8,349,057
60$8,973,064$6,649,539$6,073,007$9,072,923
61$9,858,201$6,945,250$6,246,336$9,866,489
62$10,832,672$7,254,502$6,424,524$10,736,726
63$11,905,561$7,577,930$6,607,702$11,691,310
64$13,086,876$7,916,195$6,796,007$12,738,695
65$14,387,644$8,269,995$6,989,580$13,888,193
66$15,820,015$8,640,057$7,188,563$15,150,060
67$17,397,381$9,027,144$7,393,104$16,535,592
68$19,134,496$9,432,056$7,603,355$18,057,232
69$21,047,617$9,855,630$7,819,470$19,728,686
70$23,154,662$10,298,743$8,041,609$21,565,049
71$25,475,370$10,762,314$8,269,937$23,582,954
72$28,031,498$11,247,307$8,504,619$25,800,719
73$30,847,016$11,754,731$8,745,829$28,238,527
74$33,948,340$12,285,641$8,993,743$30,918,609
75$37,364,580$12,841,147$9,248,542$33,865,459
76$41,127,811$13,422,407$9,510,413$37,106,059
77$45,273,382$14,030,639$9,779,546$40,670,136
78$49,840,243$14,667,116$10,056,136$44,590,440
79$54,871,316$15,333,174$10,340,385$48,903,054
80$60,413,901$16,030,210$10,632,499$53,647,729
81$66,520,119$16,759,691$10,932,688$58,868,265
82$73,247,408$17,523,152$11,241,170$64,612,917
83$80,659,061$18,322,203$11,558,166$70,934,850
84$88,824,825$19,158,532$11,883,905$77,892,646
85$97,821,561$20,033,904$12,218,620$85,550,847
86$107,733,968$20,950,172$12,562,551$93,980,567
87$118,655,380$21,909,278$12,915,943$103,260,163
88$130,688,651$22,913,255$13,279,050$113,475,971
89$143,947,124$23,964,235$13,652,129$124,723,119
90$158,555,701$25,064,453$14,035,445$137,106,425
91$174,652,021$26,216,249$14,429,271$150,741,387
92$192,387,760$27,422,078$14,833,884$165,755,264
93$211,930,063$28,684,512$15,249,571$182,288,283
94$233,463,121$30,006,245$15,676,624$200,494,958
95$257,189,912$31,390,104$16,115,343$220,545,546
96$283,334,112$32,839,048$16,566,037$242,627,653
97$312,142,212$34,356,182$17,029,019$266,948,003
98$343,885,841$35,944,758$17,504,614$293,734,387
99$378,864,331$37,608,185$17,993,153$323,237,810
100$417,407,544$39,350,038$18,494,976$355,734,861