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%12.4%
1 years$255,995$253,715$251,490$249,319$247,198$244,719
2 years$126,730$124,370$122,083$119,865$117,714$115,216
3 years$83,648$81,277$78,996$76,799$74,682$72,244
4 years$62,110$59,747$57,489$55,329$53,264$50,904
5 years$49,192$46,843$44,613$42,498$40,490$38,216
6 years$40,582$38,251$36,054$33,986$32,039$29,853
7 years$34,434$32,123$29,961$27,942$26,056$23,959
8 years$29,826$27,535$25,410$23,440$21,616$19,608
9 years$26,243$23,974$21,885$19,965$18,204$16,284
10 years$23,379$21,132$19,080$17,210$15,511$13,678
11 years$21,037$18,813$16,798$14,978$13,340$11,592
12 years$19,087$16,885$14,908$13,138$11,560$9,896
13 years$17,438$15,259$13,319$11,599$10,080$8,499
14 years$16,026$13,870$11,967$10,296$8,836$7,335
15 years$14,803$12,671$10,805$9,182$7,780$6,356
16 years$13,734$11,625$9,796$8,222$6,876$5,527
17 years$12,792$10,706$8,914$7,387$6,097$4,820
18 years$11,956$9,893$8,137$6,657$5,421$4,215
19 years$11,208$9,169$7,449$6,015$4,832$3,693
20 years$10,536$8,520$6,837$5,448$4,316$3,242
21 years$9,929$7,936$6,288$4,945$3,862$2,851
22 years$9,377$7,408$5,796$4,496$3,462$2,510
23 years$8,875$6,929$5,351$4,094$3,108$2,213
24 years$8,415$6,492$4,949$3,734$2,793$1,953
25 years$7,992$6,092$4,584$3,410$2,514$1,726
26 years$7,603$5,726$4,251$3,118$2,264$1,526
27 years$7,243$5,389$3,948$2,854$2,041$1,350
28 years$6,909$5,078$3,670$2,615$1,842$1,195
29 years$6,599$4,790$3,415$2,398$1,663$1,059
30 years$6,310$4,524$3,181$2,201$1,503$938
31 years$6,041$4,276$2,966$2,021$1,359$832
32 years$5,788$4,046$2,767$1,858$1,229$738
33 years$5,552$3,832$2,584$1,708$1,112$655
34 years$5,329$3,632$2,414$1,572$1,007$581
35 years$5,120$3,445$2,257$1,447$912$516
36 years$4,924$3,270$2,111$1,333$826$458
37 years$4,738$3,105$1,976$1,228$749$407
38 years$4,562$2,951$1,850$1,132$679$362
39 years$4,396$2,806$1,734$1,043$616$321
40 years$4,238$2,670$1,625$962$559$285
41 years$4,089$2,542$1,524$888$507$254
42 years$3,947$2,420$1,429$819$460$225
43 years$3,812$2,306$1,341$756$417$200
44 years$3,683$2,198$1,259$698$379$178
45 years$3,561$2,096$1,182$645$344$158
46 years$3,444$2,000$1,110$596$312$141
47 years$3,333$1,908$1,043$550$283$125
48 years$3,226$1,822$980$509$257$111
49 years$3,124$1,740$921$470$234$99
50 years$3,027$1,662$866$435$212$88

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 $6,642 every year, while hoping to spend $27,125 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: 39/31/30 Blend
54$3,100,000$3,100,000$3,100,000$3,100,000
55$3,423,051$3,258,751$3,210,701$3,525,905
56$3,743,342$3,389,569$3,289,399$3,732,822
57$4,095,393$3,525,888$3,369,824$3,953,451
58$4,482,415$3,667,949$3,452,005$4,191,524
59$4,907,946$3,816,004$3,535,973$4,448,651
60$5,375,884$3,970,315$3,621,755$4,726,604
61$5,890,522$4,131,159$3,709,382$5,027,325
62$6,456,592$4,298,822$3,798,883$5,352,952
63$7,079,306$4,473,606$3,890,287$5,705,831
64$7,764,407$4,655,824$3,983,623$6,088,542
65$8,518,224$4,845,806$4,078,921$6,503,920
66$9,347,727$5,043,896$4,176,210$6,955,084
67$10,260,601$5,250,452$4,275,518$7,445,459
68$11,265,309$5,465,851$4,376,875$7,978,817
69$12,371,178$5,690,485$4,480,308$8,559,301
70$13,588,485$5,924,766$4,585,845$9,191,471
71$14,928,554$6,169,123$4,693,514$9,880,343
72$16,403,862$6,424,006$4,803,343$10,631,433
73$18,028,158$6,689,884$4,915,357$11,450,811
74$19,816,593$6,967,251$5,029,584$12,345,158
75$21,785,859$7,256,620$5,146,049$13,321,822
76$23,954,352$7,558,529$5,264,776$14,388,893
77$26,342,340$7,873,542$5,385,791$15,555,271
78$28,972,159$8,202,246$5,509,115$16,830,757
79$31,868,421$8,545,258$5,634,773$18,226,133
80$35,058,247$8,903,222$5,762,784$19,753,274
81$38,571,521$9,276,813$5,893,171$21,425,247
82$42,441,175$9,666,736$6,025,951$23,256,443
83$46,703,498$10,073,729$6,161,143$25,262,703
84$51,398,477$10,498,564$6,298,764$27,461,469
85$56,570,178$10,942,049$6,438,828$29,871,947
86$62,267,157$11,405,031$6,581,350$32,515,286
87$68,542,923$11,888,394$6,726,341$35,414,774
88$75,456,440$12,393,063$6,873,812$38,596,057
89$83,072,682$12,920,009$7,023,771$42,087,377
90$91,463,252$13,470,245$7,176,223$45,919,840
91$100,707,050$14,044,833$7,331,172$50,127,701
92$110,891,023$14,644,885$7,488,621$54,748,692
93$122,110,985$15,271,562$7,648,568$59,824,369
94$134,472,519$15,926,082$7,811,009$65,400,503
95$148,091,976$16,609,720$7,975,937$71,527,513
96$163,097,570$17,323,808$8,143,343$78,260,934
97$179,630,591$18,069,744$8,313,214$85,661,940
98$197,846,737$18,848,988$8,485,533$93,797,916
99$217,917,587$19,663,070$8,660,280$102,743,095
100$240,032,213$20,513,593$8,837,432$112,579,251