Can I retire at age 55 with 6,800,000?

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 $6,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$561,538$556,536$551,656$546,893$542,242$533,698
2 years$277,989$272,812$267,794$262,929$258,210$249,625
3 years$183,485$178,285$173,280$168,461$163,819$155,459
4 years$136,242$131,059$126,104$121,367$116,837$108,767
5 years$107,904$102,752$97,862$93,221$88,818$81,061
6 years$89,018$83,904$79,087$74,550$70,279$62,843
7 years$75,534$70,463$65,722$61,292$57,155$50,044
8 years$65,425$60,400$55,737$51,416$47,416$40,628
9 years$57,566$52,589$48,006$43,795$39,931$33,463
10 years$51,283$46,354$41,853$37,752$34,023$27,869
11 years$46,146$41,267$36,847$32,855$29,261$23,415
12 years$41,868$37,039$32,701$28,819$25,357$19,812
13 years$38,251$33,472$29,216$25,442$22,112$16,860
14 years$35,153$30,425$26,250$22,585$19,383$14,415
15 years$32,471$27,794$23,701$20,142$17,066$12,373
16 years$30,127$25,500$21,488$18,035$15,083$10,656
17 years$28,060$23,485$19,553$16,204$13,374$9,202
18 years$26,225$21,701$17,850$14,603$11,891$7,966
19 years$24,585$20,112$16,341$13,195$10,599$6,909
20 years$23,111$18,689$14,997$11,951$9,467$6,003
21 years$21,779$17,408$13,794$10,846$8,472$5,223
22 years$20,570$16,250$12,713$9,862$7,594$4,551
23 years$19,467$15,198$11,738$8,981$6,817$3,969
24 years$18,458$14,240$10,856$8,191$6,127$3,465
25 years$17,531$13,364$10,055$7,481$5,514$3,028
26 years$16,677$12,560$9,325$6,840$4,966$2,647
27 years$15,888$11,820$8,659$6,261$4,478$2,316
28 years$15,156$11,138$8,050$5,736$4,040$2,028
29 years$14,476$10,507$7,491$5,260$3,648$1,776
30 years$13,842$9,923$6,978$4,828$3,296$1,556
31 years$13,250$9,381$6,505$4,434$2,980$1,364
32 years$12,697$8,876$6,070$4,075$2,696$1,196
33 years$12,178$8,406$5,667$3,747$2,440$1,049
34 years$11,690$7,967$5,295$3,448$2,209$920
35 years$11,232$7,556$4,950$3,174$2,001$807
36 years$10,800$7,172$4,631$2,923$1,813$708
37 years$10,392$6,812$4,335$2,693$1,643$622
38 years$10,007$6,474$4,059$2,482$1,489$546
39 years$9,642$6,156$3,803$2,289$1,351$479
40 years$9,297$5,857$3,565$2,111$1,225$421
41 years$8,969$5,575$3,342$1,948$1,111$369
42 years$8,657$5,309$3,135$1,798$1,009$324
43 years$8,361$5,059$2,942$1,659$915$285
44 years$8,079$4,822$2,762$1,532$831$250
45 years$7,811$4,598$2,593$1,415$754$220
46 years$7,555$4,387$2,435$1,307$685$193
47 years$7,310$4,186$2,288$1,208$622$170
48 years$7,076$3,996$2,150$1,116$565$149
49 years$6,853$3,816$2,021$1,031$513$131
50 years$6,639$3,645$1,900$953$466$115

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $6,800,000, adding $2,330 every year, while hoping to spend $47,971 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: 67/6/27 Blend
54$6,800,000$6,800,000$6,800,000$6,800,000
55$7,496,003$7,135,603$7,030,203$7,945,264
56$8,209,555$7,434,207$7,214,674$8,546,670
57$8,994,281$7,745,835$7,403,717$9,198,560
58$9,857,391$8,071,074$7,597,435$9,910,488
59$10,806,827$8,410,539$7,795,931$10,688,387
60$11,851,341$8,764,873$7,999,313$11,538,790
61$13,000,575$9,134,749$8,207,688$12,468,888
62$14,265,154$9,520,872$8,421,165$13,486,600
63$15,656,784$9,923,978$8,639,858$14,600,648
64$17,188,361$10,344,839$8,863,879$15,820,635
65$18,874,100$10,784,262$9,093,344$17,157,136
66$20,729,658$11,243,091$9,328,371$18,621,802
67$22,772,291$11,722,210$9,569,079$20,227,459
68$25,021,010$12,222,544$9,815,590$21,988,239
69$27,496,767$12,745,062$10,068,025$23,919,705
70$30,222,644$13,290,777$10,326,511$26,038,999
71$33,224,079$13,860,751$10,591,175$28,365,005
72$36,529,100$14,456,092$10,862,144$30,918,523
73$40,168,593$15,077,965$11,139,550$33,722,468
74$44,176,589$15,727,586$11,423,525$36,802,080
75$48,590,592$16,406,228$11,714,204$40,185,166
76$53,451,925$17,115,225$12,011,722$43,902,361
77$58,806,124$17,855,974$12,316,217$47,987,411
78$64,703,367$18,629,936$12,627,830$52,477,496
79$71,198,948$19,438,640$12,946,700$57,413,578
80$78,353,798$20,283,691$13,272,971$62,840,785
81$86,235,058$21,166,764$13,606,788$68,808,837
82$94,916,715$22,089,617$13,948,297$75,372,513
83$104,480,300$23,054,088$14,297,645$82,592,167
84$115,015,657$24,062,104$14,654,982$90,534,298
85$126,621,788$25,115,682$15,020,458$99,272,173
86$139,407,792$26,216,932$15,394,225$108,886,520
87$153,493,893$27,368,067$15,776,437$119,466,286
88$169,012,570$28,571,403$16,167,248$131,109,476
89$186,109,815$29,829,365$16,566,814$143,924,077
90$204,946,505$31,144,492$16,975,291$158,029,075
91$225,699,922$32,519,446$17,392,837$173,555,578
92$248,565,427$33,957,012$17,819,610$190,648,046
93$273,758,303$35,460,108$18,255,770$209,465,662
94$301,515,788$37,031,791$18,701,476$230,183,824
95$332,099,311$38,675,262$19,156,888$252,995,803
96$365,796,964$40,393,873$19,622,167$278,114,564
97$402,926,219$42,191,137$20,097,474$305,774,777
98$443,836,924$44,070,734$20,582,970$336,235,024
99$488,914,606$46,036,515$21,078,816$369,780,245
100$538,584,111$48,092,519$21,585,171$406,724,417