Can I retire at age 55 with 5,800,000?

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 $5,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$478,959$474,692$470,530$466,467$462,500$445,205
2 years$237,108$232,692$228,413$224,263$220,238$203,012
3 years$156,502$152,067$147,798$143,688$139,728$123,112
4 years$116,207$111,785$107,559$103,519$99,655$83,777
5 years$92,036$87,641$83,470$79,512$75,756$60,656
6 years$75,927$71,566$67,456$63,587$59,943$45,632
7 years$64,426$60,101$56,057$52,278$48,750$35,224
8 years$55,803$51,517$47,540$43,855$40,443$27,689
9 years$49,101$44,855$40,947$37,355$34,059$22,060
10 years$43,742$39,538$35,698$32,200$29,020$17,753
11 years$39,360$35,198$31,428$28,024$24,958$14,400
12 years$35,711$31,592$27,892$24,580$21,628$11,752
13 years$32,626$28,550$24,919$21,701$18,860$9,637
14 years$29,984$25,951$22,390$19,264$16,533$7,934
15 years$27,696$23,707$20,215$17,180$14,557$6,553
16 years$25,696$21,750$18,328$15,383$12,865$5,426
17 years$23,933$20,031$16,678$13,821$11,407$4,502
18 years$22,368$18,510$15,225$12,456$10,143$3,742
19 years$20,970$17,155$13,938$11,255$9,040$3,115
20 years$19,712$15,941$12,791$10,193$8,075$2,596
21 years$18,576$14,848$11,765$9,251$7,226$2,165
22 years$17,545$13,860$10,844$8,411$6,477$1,807
23 years$16,605$12,963$10,012$7,660$5,814$1,510
24 years$15,744$12,146$9,260$6,987$5,226$1,262
25 years$14,953$11,398$8,576$6,381$4,703$1,055
26 years$14,225$10,713$7,954$5,834$4,236$883
27 years$13,551$10,082$7,386$5,340$3,819$739
28 years$12,927$9,500$6,866$4,893$3,446$618
29 years$12,347$8,962$6,390$4,487$3,112$518
30 years$11,806$8,464$5,952$4,118$2,812$434
31 years$11,302$8,001$5,549$3,782$2,542$363
32 years$10,830$7,571$5,177$3,476$2,299$304
33 years$10,387$7,170$4,834$3,196$2,081$255
34 years$9,971$6,795$4,516$2,941$1,884$214
35 years$9,580$6,445$4,222$2,707$1,706$179
36 years$9,212$6,117$3,950$2,493$1,546$150
37 years$8,864$5,810$3,697$2,297$1,401$126
38 years$8,535$5,522$3,462$2,117$1,270$105
39 years$8,224$5,250$3,244$1,952$1,152$88
40 years$7,930$4,995$3,040$1,801$1,045$74
41 years$7,650$4,755$2,851$1,661$948$62
42 years$7,384$4,529$2,674$1,533$860$52
43 years$7,132$4,315$2,509$1,415$781$44
44 years$6,891$4,113$2,355$1,307$709$36
45 years$6,662$3,922$2,212$1,207$643$31
46 years$6,444$3,742$2,077$1,115$584$26
47 years$6,235$3,571$1,952$1,030$530$21
48 years$6,036$3,409$1,834$952$482$18
49 years$5,845$3,255$1,724$880$437$15
50 years$5,663$3,109$1,621$813$397$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $5,800,000, adding $6,487 every year, while hoping to spend $55,745 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: 40/48/12 Blend
54$5,800,000$5,800,000$5,800,000$5,800,000
55$6,398,291$6,090,891$6,000,991$6,631,038
56$6,991,605$6,330,033$6,142,712$7,035,070
57$7,643,568$6,579,024$6,287,313$7,465,888
58$8,360,104$6,838,288$6,434,830$7,930,709
59$9,147,739$7,108,269$6,585,301$8,432,636
60$10,013,662$7,389,428$6,738,762$8,975,077
61$10,965,794$7,682,248$6,895,250$9,561,770
62$12,012,863$7,987,235$7,054,797$10,196,821
63$13,164,481$8,304,917$7,217,440$10,884,738
64$14,431,243$8,635,843$7,383,209$11,630,472
65$15,824,821$8,980,590$7,552,137$12,439,462
66$17,358,073$9,339,759$7,724,255$13,317,684
67$19,045,170$9,713,981$7,899,590$14,271,703
68$20,901,722$10,103,911$8,078,172$15,308,736
69$22,944,933$10,510,237$8,260,025$16,436,715
70$25,193,754$10,933,677$8,445,174$17,664,360
71$27,669,071$11,374,981$8,633,642$19,001,256
72$30,393,896$11,834,934$8,825,448$20,457,945
73$33,393,583$12,314,357$9,020,611$22,046,020
74$36,696,074$12,814,105$9,219,146$23,778,230
75$40,332,153$13,335,076$9,421,067$25,668,598
76$44,335,744$13,878,206$9,626,385$27,732,552
77$48,744,228$14,444,476$9,835,106$29,987,063
78$53,598,793$15,034,910$10,047,237$32,450,804
79$58,944,828$15,650,578$10,262,777$35,144,321
80$64,832,346$16,292,602$10,481,725$38,090,225
81$71,316,457$16,962,151$10,704,075$41,313,397
82$78,457,891$17,660,452$10,929,817$44,841,223
83$86,323,566$18,388,785$11,158,936$48,703,845
84$94,987,224$19,148,489$11,391,415$52,934,439
85$104,530,123$19,940,967$11,627,229$57,569,527
86$115,041,805$20,767,684$11,866,350$62,649,314
87$126,620,941$21,630,172$12,108,745$68,218,063
88$139,376,262$22,530,036$12,354,373$74,324,505
89$153,427,586$23,468,952$12,603,189$81,022,294
90$168,906,945$24,448,677$12,855,142$88,370,509
91$185,959,836$25,471,044$13,110,172$96,434,201
92$204,746,590$26,537,976$13,368,213$105,285,004
93$225,443,886$27,651,481$13,629,193$115,001,801
94$248,246,421$28,813,663$13,893,029$125,671,463
95$273,368,743$30,026,719$14,159,633$137,389,660
96$301,047,280$31,292,953$14,428,905$150,261,756
97$331,542,567$32,614,772$14,700,738$164,403,796
98$365,141,710$33,994,697$14,975,014$179,943,589
99$402,161,093$35,435,366$15,251,605$197,021,910
100$442,949,362$36,939,537$15,530,372$215,793,817