Can I retire at age 55 with 5,900,000?

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 $5,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$487,216$482,877$478,642$474,510$470,474$461,353
2 years$241,196$236,704$232,351$228,130$224,035$214,882
3 years$159,200$154,689$150,346$146,165$142,137$133,238
4 years$118,210$113,713$109,414$105,304$101,373$92,797
5 years$93,623$89,152$84,909$80,883$77,063$68,834
6 years$77,236$72,799$68,619$64,683$60,977$53,104
7 years$65,536$61,137$57,023$53,179$49,591$42,076
8 years$56,765$52,406$48,360$44,611$41,140$33,981
9 years$49,947$45,628$41,653$37,999$34,646$27,839
10 years$44,496$40,219$36,314$32,755$29,520$23,058
11 years$40,038$35,805$31,970$28,507$25,388$19,263
12 years$36,327$32,136$28,373$25,004$22,001$16,205
13 years$33,188$29,042$25,349$22,075$19,185$13,708
14 years$30,501$26,398$22,776$19,596$16,818$11,649
15 years$28,174$24,115$20,564$17,476$14,808$9,938
16 years$26,139$22,125$18,644$15,648$13,087$8,504
17 years$24,346$20,377$16,965$14,059$11,604$7,297
18 years$22,754$18,829$15,487$12,670$10,318$6,275
19 years$21,331$17,450$14,178$11,449$9,196$5,407
20 years$20,052$16,216$13,012$10,369$8,214$4,666
21 years$18,897$15,104$11,968$9,411$7,351$4,033
22 years$17,847$14,099$11,031$8,556$6,589$3,489
23 years$16,891$13,187$10,185$7,792$5,915$3,022
24 years$16,015$12,355$9,419$7,107$5,316$2,620
25 years$15,211$11,595$8,724$6,491$4,784$2,273
26 years$14,470$10,897$8,091$5,935$4,309$1,973
27 years$13,785$10,256$7,513$5,432$3,885$1,714
28 years$13,150$9,664$6,985$4,977$3,506$1,489
29 years$12,560$9,117$6,500$4,564$3,165$1,295
30 years$12,010$8,610$6,054$4,189$2,860$1,126
31 years$11,497$8,139$5,644$3,847$2,586$980
32 years$11,016$7,701$5,266$3,535$2,339$853
33 years$10,566$7,293$4,917$3,251$2,117$742
34 years$10,143$6,912$4,594$2,991$1,917$646
35 years$9,745$6,556$4,295$2,754$1,736$563
36 years$9,371$6,223$4,018$2,536$1,573$490
37 years$9,017$5,910$3,761$2,337$1,426$427
38 years$8,682$5,617$3,522$2,154$1,292$372
39 years$8,366$5,341$3,300$1,986$1,172$324
40 years$8,066$5,082$3,093$1,832$1,063$282
41 years$7,782$4,837$2,900$1,690$964$246
42 years$7,512$4,607$2,720$1,560$875$214
43 years$7,255$4,389$2,553$1,440$794$187
44 years$7,010$4,184$2,396$1,329$721$163
45 years$6,777$3,990$2,250$1,228$654$142
46 years$6,555$3,806$2,113$1,134$594$124
47 years$6,343$3,632$1,985$1,048$540$108
48 years$6,140$3,467$1,866$968$490$94
49 years$5,946$3,311$1,754$895$445$82
50 years$5,760$3,163$1,649$827$404$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $5,900,000, adding $3,639 every year, while hoping to spend $45,371 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: 74/20/6 Blend
54$5,900,000$5,900,000$5,900,000$5,900,000
55$6,505,554$6,192,854$6,101,404$6,982,430
56$7,120,846$6,448,029$6,257,526$7,551,947
57$7,797,377$6,714,187$6,417,358$8,169,528
58$8,541,346$6,991,819$6,580,976$8,844,750
59$9,359,582$7,281,437$6,748,457$9,583,294
60$10,259,608$7,583,577$6,919,880$10,391,412
61$11,249,717$7,898,800$7,095,324$11,275,989
62$12,339,040$8,227,693$7,274,870$12,244,601
63$13,537,643$8,570,871$7,458,599$13,305,589
64$14,856,614$8,928,975$7,646,593$14,468,136
65$16,308,171$9,302,677$7,838,937$15,742,352
66$17,905,776$9,692,681$8,035,713$17,139,368
67$19,664,264$10,099,721$8,237,008$18,671,440
68$21,599,979$10,524,567$8,442,908$20,352,063
69$23,730,930$10,968,024$8,653,499$22,196,100
70$26,076,963$11,430,935$8,868,869$24,219,915
71$28,659,943$11,914,181$9,089,106$26,441,531
72$31,503,966$12,418,685$9,314,300$28,880,796
73$34,635,582$12,945,412$9,544,540$31,559,568
74$38,084,046$13,495,372$9,779,917$34,501,924
75$41,881,597$14,069,622$10,020,522$37,734,380
76$46,063,756$14,669,270$10,266,446$41,286,142
77$50,669,667$15,295,473$10,517,780$45,189,380
78$55,742,465$15,949,443$10,774,618$49,479,530
79$61,329,680$16,632,449$11,037,051$54,195,622
80$67,483,688$17,345,819$11,305,172$59,380,655
81$74,262,203$18,090,944$11,579,075$65,081,990
82$81,728,825$18,869,277$11,858,851$71,351,802
83$89,953,637$19,682,343$12,144,594$78,247,569
84$99,013,866$20,531,736$12,436,396$85,832,609
85$108,994,615$21,419,126$12,734,350$94,176,676
86$119,989,662$22,346,260$13,038,547$103,356,620
87$132,102,348$23,314,967$13,349,079$113,457,101
88$145,446,551$24,327,164$13,666,037$124,571,392
89$160,147,761$25,384,856$13,989,510$136,802,255
90$176,344,262$26,490,144$14,319,589$150,262,905
91$194,188,441$27,645,226$14,656,359$165,078,076
92$213,848,224$28,852,404$14,999,909$181,385,199
93$235,508,661$30,114,089$15,350,324$199,335,688
94$259,373,672$31,432,807$15,707,687$219,096,372
95$285,667,972$32,811,200$16,072,080$240,851,062
96$314,639,194$34,252,037$16,443,584$264,802,283
97$346,560,222$35,758,218$16,822,275$291,173,182
98$381,731,772$37,332,778$17,208,228$320,209,627
99$420,485,227$38,978,898$17,601,517$352,182,526
100$463,185,763$40,699,907$18,002,211$387,390,377