Can I retire at age 55 with 6,600,000?

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$545,022$540,167$535,431$530,807$526,293$513,779
2 years$269,813$264,788$259,918$255,196$250,616$238,081
3 years$178,088$173,042$168,184$163,506$159,001$146,837
4 years$132,235$127,204$122,395$117,797$113,401$101,702
5 years$104,731$99,729$94,983$90,480$86,206$75,004
6 years$86,400$81,437$76,761$72,357$68,211$57,519
7 years$73,312$68,390$63,789$59,489$55,474$45,292
8 years$63,500$58,623$54,098$49,904$46,021$36,346
9 years$55,873$51,042$46,594$42,507$38,757$29,580
10 years$49,775$44,991$40,622$36,641$33,022$24,334
11 years$44,789$40,053$35,763$31,889$28,400$20,188
12 years$40,637$35,949$31,739$27,971$24,611$16,861
13 years$37,126$32,488$28,356$24,694$21,461$14,160
14 years$34,119$29,530$25,478$21,921$18,813$11,943
15 years$31,516$26,977$23,004$19,549$16,564$10,111
16 years$29,240$24,750$20,856$17,504$14,640$8,585
17 years$27,235$22,794$18,978$15,728$12,981$7,308
18 years$25,454$21,063$17,325$14,174$11,542$6,235
19 years$23,862$19,521$15,860$12,807$10,287$5,328
20 years$22,431$18,140$14,555$11,599$9,189$4,560
21 years$21,139$16,896$13,388$10,527$8,223$3,908
22 years$19,965$15,772$12,339$9,572$7,371$3,353
23 years$18,895$14,751$11,393$8,717$6,616$2,879
24 years$17,915$13,821$10,537$7,950$5,947$2,474
25 years$17,016$12,970$9,759$7,261$5,351$2,128
26 years$16,187$12,190$9,051$6,639$4,820$1,831
27 years$15,420$11,472$8,405$6,077$4,346$1,576
28 years$14,710$10,810$7,813$5,568$3,921$1,358
29 years$14,050$10,198$7,271$5,106$3,541$1,170
30 years$13,435$9,631$6,773$4,686$3,199$1,008
31 years$12,861$9,105$6,314$4,303$2,893$869
32 years$12,323$8,615$5,891$3,955$2,617$749
33 years$11,820$8,158$5,500$3,637$2,368$646
34 years$11,347$7,732$5,139$3,346$2,144$558
35 years$10,902$7,334$4,805$3,080$1,942$481
36 years$10,482$6,961$4,495$2,837$1,759$415
37 years$10,087$6,611$4,207$2,614$1,595$358
38 years$9,713$6,283$3,940$2,409$1,446$309
39 years$9,359$5,975$3,691$2,221$1,311$267
40 years$9,023$5,684$3,460$2,049$1,189$230
41 years$8,705$5,411$3,244$1,890$1,079$199
42 years$8,403$5,153$3,043$1,745$979$172
43 years$8,115$4,910$2,856$1,611$888$148
44 years$7,842$4,680$2,680$1,487$806$128
45 years$7,581$4,463$2,517$1,373$732$110
46 years$7,332$4,258$2,364$1,269$665$95
47 years$7,095$4,063$2,221$1,172$604$82
48 years$6,868$3,879$2,087$1,083$548$71
49 years$6,651$3,704$1,962$1,001$498$61
50 years$6,444$3,538$1,844$925$452$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $6,600,000, adding $3,996 every year, while hoping to spend $39,993 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: 56/27/17 Blend
54$6,600,000$6,600,000$6,600,000$6,600,000
55$7,277,322$6,927,522$6,825,222$7,651,907
56$7,977,056$7,224,418$7,011,315$8,204,062
57$8,746,824$7,534,522$7,202,301$8,800,589
58$9,593,724$7,858,438$7,398,303$9,449,512
59$10,525,583$8,196,800$7,599,445$10,155,863
60$11,551,020$8,550,271$7,805,853$10,925,171
61$12,679,534$8,919,544$8,017,660$11,763,518
62$13,921,591$9,305,347$8,234,996$12,677,591
63$15,288,724$9,708,439$8,457,999$13,674,747
64$16,793,638$10,129,618$8,686,806$14,763,077
65$18,450,336$10,569,716$8,921,561$15,951,484
66$20,274,246$11,029,607$9,162,409$17,249,760
67$22,282,366$11,510,205$9,409,497$18,668,682
68$24,493,429$12,012,467$9,662,977$20,220,108
69$26,928,076$12,537,395$9,923,004$21,917,086
70$29,609,051$13,086,039$10,189,735$23,773,977
71$32,561,416$13,659,496$10,463,333$25,806,588
72$35,812,788$14,258,919$10,743,963$28,032,317
73$39,393,599$14,885,512$11,031,791$30,470,314
74$43,337,381$15,540,537$11,326,991$33,141,662
75$47,681,086$16,225,316$11,629,738$36,069,568
76$52,465,433$16,941,233$11,940,211$39,279,586
77$57,735,291$17,689,737$12,258,591$42,799,847
78$63,540,104$18,472,347$12,585,067$46,661,327
79$69,934,355$19,290,653$12,919,828$50,898,134
80$76,978,085$20,146,321$13,263,068$55,547,825
81$84,737,454$21,041,094$13,614,984$60,651,758
82$93,285,368$21,976,802$13,975,780$66,255,478
83$102,702,166$22,955,356$14,345,660$72,409,143
84$113,076,382$23,978,763$14,724,834$79,167,993
85$124,505,573$25,049,123$15,113,516$86,592,866
86$137,097,247$26,168,636$15,511,925$94,750,768
87$150,969,873$27,339,605$15,920,281$103,715,502
88$166,254,002$28,564,447$16,338,812$113,568,355
89$183,093,495$29,845,690$16,767,747$124,398,866
90$201,646,886$31,185,984$17,207,321$136,305,661
91$222,088,875$32,588,104$17,657,773$149,397,379
92$244,611,979$34,054,960$18,119,347$163,793,692
93$269,428,346$35,589,597$18,592,290$179,626,429
94$296,771,759$37,195,210$19,076,854$197,040,810
95$326,899,845$38,875,141$19,573,295$216,196,815
96$360,096,502$40,632,896$20,081,873$237,270,681
97$396,674,584$42,472,147$20,602,855$260,456,565
98$436,978,850$44,396,740$21,136,508$285,968,359
99$481,389,219$46,410,708$21,683,109$314,041,713
100$530,324,361$48,518,273$22,242,934$344,936,238