Can I retire at age 55 with 3,100,000?

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 $3,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$255,995$253,715$251,490$249,319$247,198$238,049
2 years$126,730$124,370$122,083$119,865$117,714$108,599
3 years$83,648$81,277$78,996$76,799$74,682$65,889
4 years$62,110$59,747$57,489$55,329$53,264$44,860
5 years$49,192$46,843$44,613$42,498$40,490$32,496
6 years$40,582$38,251$36,054$33,986$32,039$24,461
7 years$34,434$32,123$29,961$27,942$26,056$18,892
8 years$29,826$27,535$25,410$23,440$21,616$14,860
9 years$26,243$23,974$21,885$19,965$18,204$11,846
10 years$23,379$21,132$19,080$17,210$15,511$9,540
11 years$21,037$18,813$16,798$14,978$13,340$7,743
12 years$19,087$16,885$14,908$13,138$11,560$6,323
13 years$17,438$15,259$13,319$11,599$10,080$5,189
14 years$16,026$13,870$11,967$10,296$8,836$4,275
15 years$14,803$12,671$10,805$9,182$7,780$3,533
16 years$13,734$11,625$9,796$8,222$6,876$2,928
17 years$12,792$10,706$8,914$7,387$6,097$2,431
18 years$11,956$9,893$8,137$6,657$5,421$2,022
19 years$11,208$9,169$7,449$6,015$4,832$1,684
20 years$10,536$8,520$6,837$5,448$4,316$1,405
21 years$9,929$7,936$6,288$4,945$3,862$1,173
22 years$9,377$7,408$5,796$4,496$3,462$980
23 years$8,875$6,929$5,351$4,094$3,108$819
24 years$8,415$6,492$4,949$3,734$2,793$685
25 years$7,992$6,092$4,584$3,410$2,514$573
26 years$7,603$5,726$4,251$3,118$2,264$480
27 years$7,243$5,389$3,948$2,854$2,041$402
28 years$6,909$5,078$3,670$2,615$1,842$337
29 years$6,599$4,790$3,415$2,398$1,663$282
30 years$6,310$4,524$3,181$2,201$1,503$237
31 years$6,041$4,276$2,966$2,021$1,359$198
32 years$5,788$4,046$2,767$1,858$1,229$166
33 years$5,552$3,832$2,584$1,708$1,112$139
34 years$5,329$3,632$2,414$1,572$1,007$117
35 years$5,120$3,445$2,257$1,447$912$98
36 years$4,924$3,270$2,111$1,333$826$82
37 years$4,738$3,105$1,976$1,228$749$69
38 years$4,562$2,951$1,850$1,132$679$58
39 years$4,396$2,806$1,734$1,043$616$48
40 years$4,238$2,670$1,625$962$559$41
41 years$4,089$2,542$1,524$888$507$34
42 years$3,947$2,420$1,429$819$460$29
43 years$3,812$2,306$1,341$756$417$24
44 years$3,683$2,198$1,259$698$379$20
45 years$3,561$2,096$1,182$645$344$17
46 years$3,444$2,000$1,110$596$312$14
47 years$3,333$1,908$1,043$550$283$12
48 years$3,226$1,822$980$509$257$10
49 years$3,124$1,740$921$470$234$8
50 years$3,027$1,662$866$435$212$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $3,100,000, adding $3,810 every year, while hoping to spend $22,091 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: 35/46/19 Blend
54$3,100,000$3,100,000$3,100,000$3,100,000
55$3,420,130$3,255,830$3,207,780$3,519,854
56$3,745,479$3,391,861$3,291,736$3,729,240
57$4,103,272$3,533,817$3,377,764$3,952,681
58$4,496,797$3,681,965$3,465,910$4,193,310
59$4,929,674$3,836,585$3,556,222$4,452,665
60$5,405,892$3,997,969$3,648,746$4,732,437
61$5,929,845$4,166,422$3,743,532$5,034,478
62$6,506,378$4,342,265$3,840,628$5,360,820
63$7,140,825$4,525,832$3,940,086$5,713,693
64$7,839,065$4,717,474$4,041,955$6,095,542
65$8,607,577$4,917,558$4,146,288$6,509,054
66$9,453,499$5,126,467$4,253,137$6,957,178
67$10,384,695$5,344,603$4,362,556$7,443,150
68$11,409,831$5,572,386$4,474,599$7,970,529
69$12,538,457$5,810,256$4,589,322$8,543,219
70$13,781,095$6,058,674$4,706,779$9,165,512
71$15,149,339$6,318,121$4,827,029$9,842,124
72$16,655,965$6,589,103$4,950,128$10,578,237
73$18,315,051$6,872,146$5,076,134$11,379,548
74$20,142,109$7,167,804$5,205,108$12,252,318
75$22,154,233$7,476,655$5,337,108$13,203,432
76$24,370,259$7,799,306$5,472,195$14,240,457
77$26,810,943$8,136,389$5,610,431$15,371,719
78$29,499,157$8,488,570$5,751,878$16,606,371
79$32,460,103$8,856,542$5,896,599$17,954,482
80$35,721,556$9,241,034$6,044,656$19,427,128
81$39,314,117$9,642,808$6,196,115$21,036,493
82$43,271,513$10,062,661$6,351,041$22,795,982
83$47,630,904$10,501,429$6,509,498$24,720,345
84$52,433,243$10,959,985$6,671,552$26,825,811
85$57,723,656$11,439,247$6,837,271$29,130,242
86$63,551,871$11,940,172$7,006,722$31,653,292
87$69,972,686$12,463,765$7,179,972$34,416,597
88$77,046,489$13,011,078$7,357,090$37,443,968
89$84,839,821$13,583,211$7,538,143$40,761,615
90$93,426,014$14,181,319$7,723,201$44,398,392
91$102,885,872$14,806,609$7,912,334$48,386,064
92$113,308,444$15,460,346$8,105,610$52,759,598
93$124,791,857$16,143,854$8,303,099$57,557,497
94$137,444,245$16,858,522$8,504,872$62,822,151
95$151,384,772$17,605,803$8,710,999$68,600,236
96$166,744,750$18,387,219$8,921,548$74,943,149
97$183,668,885$19,204,364$9,136,592$81,907,485
98$202,316,643$20,058,909$9,356,198$89,555,571
99$222,863,747$20,952,602$9,580,438$97,956,041
100$245,503,847$21,887,277$9,809,380$107,184,483