Can I retire at age 55 with 5,500,000?

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 $5,500,000?

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$454,185$450,139$446,192$442,340$438,578$427,282
2 years$224,844$220,656$216,598$212,663$208,847$197,541
3 years$148,407$144,201$140,153$136,255$132,501$121,540
4 years$110,196$106,003$101,996$98,164$94,501$83,968
5 years$87,275$83,108$79,153$75,400$71,838$61,763
6 years$72,000$67,864$63,967$60,298$56,843$47,236
7 years$61,093$56,992$53,157$49,574$46,229$37,090
8 years$52,917$48,853$45,081$41,586$38,351$29,677
9 years$46,561$42,535$38,829$35,422$32,297$24,079
10 years$41,479$37,493$33,852$30,534$27,519$19,748
11 years$37,324$33,377$29,802$26,574$23,667$16,331
12 years$33,864$29,958$26,449$23,309$20,509$13,595
13 years$30,938$27,073$23,630$20,578$17,885$11,379
14 years$28,433$24,609$21,232$18,267$15,677$9,565
15 years$26,263$22,480$19,170$16,291$13,804$8,069
16 years$24,367$20,625$17,380$14,587$12,200$6,827
17 years$22,696$18,995$15,815$13,106$10,817$5,791
18 years$21,211$17,552$14,437$11,811$9,618$4,922
19 years$19,885$16,267$13,217$10,673$8,573$4,190
20 years$18,693$15,116$12,130$9,666$7,657$3,573
21 years$17,615$14,080$11,157$8,773$6,853$3,050
22 years$16,637$13,144$10,283$7,976$6,142$2,607
23 years$15,746$12,293$9,494$7,264$5,514$2,230
24 years$14,930$11,518$8,781$6,625$4,956$1,909
25 years$14,180$10,809$8,133$6,051$4,459$1,635
26 years$13,489$10,158$7,543$5,532$4,017$1,401
27 years$12,850$9,560$7,004$5,064$3,622$1,201
28 years$12,258$9,009$6,511$4,640$3,268$1,031
29 years$11,708$8,499$6,059$4,255$2,951$884
30 years$11,196$8,026$5,644$3,905$2,666$759
31 years$10,717$7,587$5,262$3,586$2,411$652
32 years$10,269$7,179$4,909$3,296$2,180$560
33 years$9,850$6,799$4,584$3,031$1,973$481
34 years$9,456$6,444$4,283$2,789$1,787$413
35 years$9,085$6,112$4,004$2,567$1,618$355
36 years$8,735$5,801$3,746$2,364$1,466$305
37 years$8,405$5,510$3,506$2,178$1,329$262
38 years$8,094$5,236$3,283$2,008$1,205$225
39 years$7,799$4,979$3,076$1,851$1,092$193
40 years$7,519$4,737$2,883$1,708$991$166
41 years$7,254$4,509$2,703$1,575$899$143
42 years$7,002$4,294$2,536$1,454$816$123
43 years$6,763$4,092$2,380$1,342$740$106
44 years$6,535$3,900$2,234$1,239$672$91
45 years$6,318$3,719$2,097$1,144$610$78
46 years$6,110$3,548$1,970$1,057$554$67
47 years$5,913$3,386$1,851$977$503$58
48 years$5,724$3,232$1,739$902$457$50
49 years$5,543$3,087$1,635$834$415$43
50 years$5,370$2,949$1,537$771$377$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $5,500,000, adding $6,678 every year, while hoping to spend $58,557 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: 73/18/9 Blend
54$5,500,000$5,500,000$5,500,000$5,500,000
55$6,067,888$5,776,388$5,691,138$6,500,838
56$6,624,509$5,997,127$5,819,487$7,008,206
57$7,235,942$6,226,720$5,950,173$7,555,756
58$7,907,717$6,465,538$6,083,213$8,153,815
59$8,645,925$6,713,970$6,218,621$8,807,358
60$9,457,276$6,972,421$6,356,412$9,521,861
61$10,349,163$7,241,314$6,496,596$10,303,352
62$11,329,730$7,521,092$6,639,186$11,158,467
63$12,407,952$7,812,215$6,784,187$12,094,515
64$13,593,714$8,115,164$6,931,608$13,119,538
65$14,897,908$8,430,442$7,081,453$14,242,396
66$16,332,535$8,758,575$7,233,722$15,472,842
67$17,910,819$9,100,110$7,388,417$16,821,616
68$19,647,327$9,455,619$7,545,533$18,300,547
69$21,558,111$9,825,702$7,705,065$19,922,660
70$23,660,858$10,210,981$7,867,004$21,702,300
71$25,975,055$10,612,109$8,031,339$23,655,267
72$28,522,175$11,029,767$8,198,054$25,798,963
73$31,325,879$11,464,667$8,367,130$28,152,552
74$34,412,234$11,917,551$8,538,545$30,737,147
75$37,809,968$12,389,198$8,712,272$33,576,000
76$41,550,734$12,880,417$8,888,282$36,694,724
77$45,669,408$13,392,056$9,066,538$40,121,536
78$50,204,422$13,925,002$9,247,002$43,887,515
79$55,198,125$14,480,179$9,429,629$48,026,900
80$60,697,181$15,058,555$9,614,368$52,577,409
81$66,753,009$15,661,139$9,801,165$57,580,591
82$73,422,269$16,288,989$9,989,958$63,082,224
83$80,767,399$16,943,208$10,180,680$69,132,736
84$88,857,198$17,624,949$10,373,257$75,787,686
85$97,767,479$18,335,419$10,567,608$83,108,283
86$107,581,785$19,075,877$10,763,646$91,161,963
87$118,392,174$19,847,642$10,961,275$100,023,025
88$130,300,089$20,652,090$11,160,391$109,773,326
89$143,417,317$21,490,661$11,360,883$120,503,056
90$157,867,041$22,364,861$11,562,630$132,311,584
91$173,785,003$23,276,263$11,765,501$145,308,395
92$191,320,786$24,226,512$11,969,358$159,614,120
93$210,639,225$25,217,330$12,174,051$175,361,674
94$231,921,961$26,250,515$12,379,417$192,697,506
95$255,369,160$27,327,949$12,585,286$211,782,980
96$281,201,394$28,451,598$12,791,473$232,795,892
97$309,661,730$29,623,520$12,997,781$255,932,152
98$341,018,021$30,845,867$13,204,001$281,407,623
99$375,565,433$32,120,889$13,409,910$309,460,160
100$413,629,235$33,450,940$13,615,269$340,351,850