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%15.1%
1 years$421,153$417,402$413,742$410,169$406,681$398,145
2 years$208,492$204,609$200,846$197,197$193,658$185,097
3 years$137,614$133,714$129,960$126,346$122,864$114,548
4 years$102,182$98,294$94,578$91,025$87,628$79,619
5 years$80,928$77,064$73,396$69,916$66,613$58,934
6 years$66,764$62,928$59,315$55,912$52,709$45,368
7 years$56,650$52,847$49,291$45,969$42,866$35,866
8 years$49,068$45,300$41,803$38,562$35,562$28,899
9 years$43,175$39,442$36,005$32,846$29,948$23,618
10 years$38,462$34,766$31,390$28,314$25,517$19,514
11 years$34,610$30,950$27,635$24,641$21,946$16,261
12 years$31,401$27,779$24,525$21,614$19,018$13,644
13 years$28,688$25,104$21,912$19,082$16,584$11,511
14 years$26,365$22,819$19,688$16,939$14,537$9,756
15 years$24,353$20,846$17,775$15,106$12,800$8,299
16 years$22,595$19,125$16,116$13,526$11,312$7,082
17 years$21,045$17,614$14,665$12,153$10,030$6,060
18 years$19,669$16,276$13,387$10,952$8,919$5,196
19 years$18,439$15,084$12,255$9,896$7,949$4,464
20 years$17,333$14,017$11,247$8,963$7,101$3,841
21 years$16,334$13,056$10,345$8,135$6,354$3,309
22 years$15,427$12,188$9,535$7,396$5,696$2,854
23 years$14,601$11,399$8,804$6,736$5,113$2,465
24 years$13,844$10,680$8,142$6,144$4,595$2,130
25 years$13,149$10,023$7,541$5,611$4,135$1,842
26 years$12,508$9,420$6,994$5,130$3,725$1,594
27 years$11,916$8,865$6,495$4,696$3,358$1,380
28 years$11,367$8,353$6,038$4,302$3,030$1,195
29 years$10,857$7,881$5,618$3,945$2,736$1,036
30 years$10,381$7,442$5,233$3,621$2,472$898
31 years$9,938$7,035$4,879$3,325$2,235$779
32 years$9,523$6,657$4,552$3,056$2,022$675
33 years$9,133$6,304$4,250$2,810$1,830$586
34 years$8,768$5,975$3,971$2,586$1,657$508
35 years$8,424$5,667$3,713$2,380$1,501$441
36 years$8,100$5,379$3,473$2,192$1,360$383
37 years$7,794$5,109$3,251$2,020$1,232$332
38 years$7,505$4,855$3,044$1,862$1,117$289
39 years$7,232$4,617$2,852$1,717$1,013$251
40 years$6,973$4,393$2,673$1,583$919$218
41 years$6,727$4,181$2,507$1,461$834$189
42 years$6,493$3,982$2,351$1,348$756$164
43 years$6,271$3,794$2,207$1,245$686$142
44 years$6,060$3,617$2,071$1,149$623$124
45 years$5,858$3,449$1,945$1,061$566$107
46 years$5,666$3,290$1,827$980$514$93
47 years$5,483$3,140$1,716$906$466$81
48 years$5,307$2,997$1,613$837$424$70
49 years$5,140$2,862$1,516$773$385$61
50 years$4,979$2,734$1,425$715$349$53

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 $2,915 every year, while hoping to spend $32,249 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: 45/49/6 Blend
54$5,100,000$5,100,000$5,100,000$5,100,000
55$5,623,207$5,352,907$5,273,857$5,866,812
56$6,162,461$5,580,887$5,416,218$6,262,923
57$6,755,639$5,818,956$5,562,268$6,688,585
58$7,408,205$6,067,577$5,712,096$7,149,357
59$8,126,184$6,327,230$5,865,792$7,648,480
60$8,916,210$6,598,419$6,023,452$8,189,510
61$9,785,595$6,881,674$6,185,169$8,776,350
62$10,742,395$7,177,545$6,351,042$9,413,284
63$11,795,487$7,486,612$6,521,169$10,105,020
64$12,954,652$7,809,481$6,695,653$10,856,723
65$14,230,666$8,146,785$6,874,597$11,674,072
66$15,635,404$8,499,188$7,058,107$12,563,303
67$17,181,952$8,867,385$7,246,290$13,531,269
68$18,884,728$9,252,104$7,439,257$14,585,499
69$20,759,619$9,654,105$7,637,121$15,734,273
70$22,824,130$10,074,187$7,839,995$16,986,687
71$25,097,554$10,513,184$8,047,997$18,352,745
72$27,601,146$10,971,972$8,261,246$19,843,444
73$30,358,328$11,451,464$8,479,864$21,470,879
74$33,394,912$11,952,620$8,703,974$23,248,350
75$36,739,339$12,476,444$8,933,703$25,190,483
76$40,422,949$13,023,987$9,169,179$27,313,370
77$44,480,277$13,596,350$9,410,534$29,634,710
78$48,949,380$14,194,686$9,657,901$32,173,977
79$53,872,193$14,820,201$9,911,417$34,952,595
80$59,294,926$15,474,161$10,171,219$37,994,140
81$65,268,504$16,157,890$10,437,450$41,324,553
82$71,849,039$16,872,775$10,710,253$44,972,384
83$79,098,369$17,620,268$10,989,774$48,969,052
84$87,084,632$18,401,892$11,276,161$53,349,141
85$95,882,919$19,219,239$11,569,567$58,150,715
86$105,575,974$20,073,979$11,870,145$63,415,677
87$116,254,981$20,967,861$12,178,052$69,190,150
88$128,020,419$21,902,716$12,493,446$75,524,917
89$140,983,016$22,880,463$12,816,491$82,475,882
90$155,264,790$23,903,112$13,147,350$90,104,599
91$171,000,202$24,972,768$13,486,190$98,478,838
92$188,337,426$26,091,637$13,833,180$107,673,224
93$207,439,746$27,262,030$14,188,494$117,769,929
94$228,487,097$28,486,367$14,552,306$128,859,436
95$251,677,766$29,767,183$14,924,793$141,041,392
96$277,230,260$31,107,137$15,306,136$154,425,531
97$305,385,371$32,509,012$15,696,516$169,132,705
98$336,408,449$33,975,724$16,096,119$185,296,010
99$370,591,904$35,510,328$16,505,133$203,062,037
100$408,257,971$37,116,026$16,923,748$222,592,237