Can I retire at age 55 with 5,600,000?

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 $5,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$462,443$458,324$454,305$450,382$446,552$432,777
2 years$228,932$224,668$220,536$216,530$212,644$198,887
3 years$151,105$146,823$142,702$138,733$134,910$121,602
4 years$112,200$107,931$103,850$99,949$96,219$83,461
5 years$88,862$84,619$80,592$76,771$73,144$60,972
6 years$73,309$69,098$65,130$61,394$57,876$46,300
7 years$62,204$58,028$54,124$50,475$47,069$36,088
8 years$53,879$49,741$45,901$42,343$39,048$28,655
9 years$47,408$43,308$39,535$36,066$32,884$23,068
10 years$42,233$38,174$34,467$31,090$28,019$18,765
11 years$38,003$33,984$30,344$27,057$24,097$15,389
12 years$34,480$30,502$26,930$23,733$20,882$12,702
13 years$31,501$27,565$24,060$20,953$18,210$10,538
14 years$28,950$25,056$21,618$18,599$15,963$8,779
15 years$26,741$22,889$19,518$16,587$14,055$7,339
16 years$24,810$21,000$17,696$14,852$12,422$6,152
17 years$23,108$19,341$16,103$13,345$11,014$5,169
18 years$21,597$17,872$14,700$12,026$9,793$4,351
19 years$20,247$16,563$13,457$10,867$8,729$3,668
20 years$19,033$15,391$12,350$9,842$7,797$3,097
21 years$17,936$14,336$11,360$8,932$6,977$2,618
22 years$16,940$13,383$10,470$8,121$6,254$2,214
23 years$16,032$12,516$9,667$7,396$5,614$1,875
24 years$15,201$11,727$8,940$6,746$5,046$1,588
25 years$14,438$11,005$8,280$6,161$4,541$1,346
26 years$13,734$10,343$7,680$5,633$4,090$1,142
27 years$13,084$9,734$7,131$5,156$3,687$969
28 years$12,481$9,172$6,629$4,724$3,327$822
29 years$11,921$8,653$6,169$4,332$3,004$698
30 years$11,399$8,172$5,746$3,976$2,715$593
31 years$10,912$7,725$5,357$3,651$2,454$504
32 years$10,456$7,310$4,998$3,356$2,220$428
33 years$10,029$6,922$4,667$3,086$2,009$363
34 years$9,627$6,561$4,361$2,839$1,819$309
35 years$9,250$6,223$4,077$2,614$1,648$262
36 years$8,894$5,906$3,814$2,407$1,493$223
37 years$8,558$5,610$3,570$2,218$1,353$190
38 years$8,241$5,331$3,343$2,044$1,227$161
39 years$7,941$5,069$3,132$1,885$1,112$137
40 years$7,656$4,823$2,936$1,739$1,009$116
41 years$7,386$4,591$2,753$1,604$915$99
42 years$7,130$4,372$2,582$1,480$831$84
43 years$6,886$4,166$2,423$1,367$754$72
44 years$6,654$3,971$2,274$1,262$684$61
45 years$6,432$3,787$2,135$1,165$621$52
46 years$6,221$3,613$2,006$1,076$564$44
47 years$6,020$3,447$1,884$994$512$37
48 years$5,828$3,291$1,771$919$465$32
49 years$5,644$3,143$1,664$849$422$27
50 years$5,468$3,002$1,565$785$384$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $5,600,000, adding $4,154 every year, while hoping to spend $46,974 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: 73/13/14 Blend
54$5,600,000$5,600,000$5,600,000$5,600,000
55$6,175,485$5,878,685$5,791,885$6,607,268
56$6,755,404$6,116,760$5,935,933$7,131,740
57$7,392,901$6,364,927$6,083,232$7,699,870
58$8,093,799$6,623,630$6,233,842$8,320,924
59$8,864,513$6,893,335$6,387,823$9,000,135
60$9,712,112$7,174,527$6,545,233$9,743,264
61$10,644,384$7,467,715$6,706,135$10,556,655
62$11,669,909$7,773,431$6,870,589$11,447,292
63$12,798,141$8,092,231$7,038,655$12,422,864
64$14,039,497$8,424,696$7,210,395$13,491,840
65$15,405,453$8,771,434$7,385,871$14,663,544
66$16,908,656$9,133,080$7,565,145$15,948,245
67$18,563,039$9,510,301$7,748,276$17,357,252
68$20,383,954$9,903,791$7,935,329$18,903,020
69$22,388,318$10,314,278$8,126,363$20,599,265
70$24,594,771$10,742,522$8,321,441$22,461,095
71$27,023,852$11,189,320$8,520,624$24,505,151
72$29,698,193$11,655,504$8,723,972$26,749,761
73$32,642,730$12,141,945$8,931,547$29,215,115
74$35,884,943$12,649,555$9,143,408$31,923,450
75$39,455,109$13,179,286$9,359,615$34,899,264
76$43,386,595$13,732,135$9,580,227$38,169,543
77$47,716,165$14,309,147$9,805,302$41,764,012
78$52,484,332$14,911,413$10,034,897$45,715,421
79$57,735,736$15,540,075$10,269,069$50,059,845
80$63,519,571$16,196,329$10,507,872$54,837,029
81$69,890,043$16,881,424$10,751,362$60,090,760
82$76,906,885$17,596,672$10,999,590$65,869,275
83$84,635,918$18,343,439$11,252,607$72,225,720
84$93,149,676$19,123,162$11,510,463$79,218,649
85$102,528,085$19,937,339$11,773,205$86,912,570
86$112,859,221$20,787,540$12,040,880$95,378,558
87$124,240,141$21,675,409$12,313,529$104,694,924
88$136,777,798$22,602,667$12,591,195$114,947,944
89$150,590,048$23,571,112$12,873,914$126,232,684
90$165,806,767$24,582,631$13,161,724$138,653,884
91$182,571,072$25,639,194$13,454,657$152,326,951
92$201,040,674$26,742,867$13,752,741$167,379,044
93$221,389,368$27,895,813$14,056,002$183,950,271
94$243,808,668$29,100,292$14,364,463$202,195,012
95$268,509,621$30,358,675$14,678,141$222,283,369
96$295,724,793$31,673,442$14,997,050$244,402,776
97$325,710,470$33,047,188$15,321,199$268,759,758
98$358,749,071$34,482,633$15,650,592$295,581,883
99$395,151,818$35,982,624$15,985,228$325,119,904
100$435,261,670$37,550,139$16,325,100$357,650,125