Can I retire at age 55 with 6,100,000?

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 $6,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$503,732$499,245$494,868$490,595$486,423$478,758
2 years$249,372$244,728$240,227$235,863$231,630$223,928
3 years$164,597$159,933$155,443$151,120$146,955$139,456
4 years$122,217$117,567$113,123$108,873$104,810$97,570
5 years$96,796$92,174$87,788$83,625$79,675$72,716
6 years$79,855$75,267$70,946$66,876$63,044$56,374
7 years$67,758$63,209$58,956$54,982$51,272$44,893
8 years$58,690$54,182$49,999$46,123$42,535$36,446
9 years$51,640$47,175$43,064$39,287$35,820$30,018
10 years$46,004$41,583$37,545$33,866$30,521$25,001
11 years$41,396$37,019$33,054$29,473$26,249$21,005
12 years$37,558$33,226$29,334$25,852$22,747$17,773
13 years$34,313$30,026$26,208$22,823$19,836$15,124
14 years$31,535$27,293$23,548$20,260$17,388$12,931
15 years$29,129$24,933$21,261$18,068$15,310$11,100
16 years$27,025$22,875$19,276$16,178$13,531$9,559
17 years$25,171$21,067$17,540$14,536$11,997$8,255
18 years$23,525$19,467$16,012$13,100$10,667$7,146
19 years$22,054$18,042$14,658$11,837$9,508$6,198
20 years$20,732$16,766$13,453$10,721$8,493$5,385
21 years$19,537$15,616$12,374$9,730$7,600$4,686
22 years$18,452$14,577$11,405$8,846$6,812$4,082
23 years$17,463$13,634$10,530$8,057$6,115$3,561
24 years$16,558$12,774$9,739$7,348$5,496$3,108
25 years$15,727$11,988$9,020$6,711$4,946$2,716
26 years$14,960$11,267$8,365$6,136$4,455$2,375
27 years$14,252$10,603$7,768$5,616$4,017$2,078
28 years$13,596$9,991$7,221$5,146$3,624$1,819
29 years$12,985$9,426$6,720$4,719$3,273$1,593
30 years$12,417$8,902$6,260$4,331$2,957$1,396
31 years$11,886$8,415$5,836$3,977$2,673$1,223
32 years$11,390$7,962$5,445$3,655$2,418$1,073
33 years$10,924$7,540$5,084$3,361$2,189$941
34 years$10,487$7,147$4,750$3,093$1,982$825
35 years$10,076$6,778$4,441$2,847$1,795$724
36 years$9,688$6,434$4,154$2,622$1,626$635
37 years$9,322$6,111$3,888$2,416$1,474$558
38 years$8,977$5,807$3,641$2,227$1,336$490
39 years$8,650$5,522$3,412$2,053$1,212$430
40 years$8,340$5,254$3,198$1,894$1,099$377
41 years$8,046$5,001$2,998$1,747$997$331
42 years$7,766$4,763$2,813$1,613$905$291
43 years$7,501$4,538$2,639$1,489$821$256
44 years$7,248$4,326$2,477$1,374$745$224
45 years$7,007$4,125$2,326$1,269$677$197
46 years$6,777$3,935$2,185$1,172$614$173
47 years$6,558$3,755$2,053$1,083$558$152
48 years$6,348$3,585$1,929$1,001$507$134
49 years$6,148$3,423$1,813$925$460$117
50 years$5,956$3,270$1,704$855$418$103

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $6,100,000, adding $5,253 every year, while hoping to spend $40,888 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: 44/37/19 Blend
54$6,100,000$6,100,000$6,100,000$6,100,000
55$6,727,618$6,404,318$6,309,768$6,986,438
56$7,370,331$6,674,626$6,477,641$7,439,349
57$8,077,230$6,956,807$6,649,767$7,925,528
58$8,854,819$7,251,402$6,826,246$8,451,658
59$9,710,264$7,558,975$7,007,179$9,021,455
60$10,651,460$7,880,114$7,192,669$9,638,994
61$11,687,107$8,215,437$7,382,821$10,308,754
62$12,826,790$8,565,592$7,577,743$11,035,656
63$14,081,070$8,931,253$7,777,545$11,825,104
64$15,461,583$9,313,128$7,982,337$12,683,037
65$16,981,153$9,711,960$8,192,233$13,615,982
66$18,653,907$10,128,522$8,407,350$14,631,115
67$20,495,413$10,563,628$8,627,804$15,736,321
68$22,522,826$11,018,126$8,853,716$16,940,272
69$24,755,046$11,492,906$9,085,207$18,252,502
70$27,212,901$11,988,900$9,322,403$19,683,496
71$29,919,343$12,507,081$9,565,429$21,244,786
72$32,899,659$13,048,472$9,814,414$22,949,055
73$36,181,717$13,614,139$10,069,489$24,810,256
74$39,796,223$14,205,203$10,330,788$26,843,738
75$43,777,014$14,822,834$10,598,445$29,066,389
76$48,161,375$15,468,258$10,872,599$31,496,792
77$52,990,392$16,142,760$11,153,388$34,155,395
78$58,309,341$16,847,684$11,440,955$37,064,699
79$64,168,112$17,584,438$11,735,445$40,249,472
80$70,621,680$18,354,497$12,037,004$43,736,971
81$77,730,628$19,159,404$12,345,779$47,557,198
82$85,561,712$20,000,775$12,661,924$51,743,182
83$94,188,498$20,880,304$12,985,589$56,331,280
84$103,692,050$21,799,764$13,316,932$61,361,516
85$114,161,699$22,761,012$13,656,109$66,877,957
86$125,695,883$23,765,993$14,003,279$72,929,121
87$138,403,080$24,816,743$14,358,605$79,568,429
88$152,402,826$25,915,395$14,722,251$86,854,702
89$167,826,849$27,064,184$15,094,381$94,852,711
90$184,820,309$28,265,451$15,475,164$103,633,785
91$203,543,168$29,521,645$15,864,770$113,276,469
92$224,171,701$30,835,336$16,263,369$123,867,268
93$246,900,159$32,209,212$16,671,137$135,501,447
94$271,942,603$33,646,091$17,088,248$148,283,928
95$299,534,923$35,148,924$17,514,878$162,330,271
96$329,937,066$36,720,802$17,951,207$177,767,753
97$363,435,489$38,364,964$18,397,415$194,736,566
98$400,345,864$40,084,802$18,853,683$213,391,123
99$441,016,055$41,883,871$19,320,195$233,901,515
100$485,829,406$43,765,894$19,797,135$256,455,097