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%12.6%
1 years$255,995$253,715$251,490$249,319$247,198$244,515
2 years$126,730$124,370$122,083$119,865$117,714$115,012
3 years$83,648$81,277$78,996$76,799$74,682$72,046
4 years$62,110$59,747$57,489$55,329$53,264$50,713
5 years$49,192$46,843$44,613$42,498$40,490$38,033
6 years$40,582$38,251$36,054$33,986$32,039$29,678
7 years$34,434$32,123$29,961$27,942$26,056$23,792
8 years$29,826$27,535$25,410$23,440$21,616$19,449
9 years$26,243$23,974$21,885$19,965$18,204$16,133
10 years$23,379$21,132$19,080$17,210$15,511$13,535
11 years$21,037$18,813$16,798$14,978$13,340$11,457
12 years$19,087$16,885$14,908$13,138$11,560$9,768
13 years$17,438$15,259$13,319$11,599$10,080$8,378
14 years$16,026$13,870$11,967$10,296$8,836$7,221
15 years$14,803$12,671$10,805$9,182$7,780$6,249
16 years$13,734$11,625$9,796$8,222$6,876$5,426
17 years$12,792$10,706$8,914$7,387$6,097$4,726
18 years$11,956$9,893$8,137$6,657$5,421$4,126
19 years$11,208$9,169$7,449$6,015$4,832$3,611
20 years$10,536$8,520$6,837$5,448$4,316$3,165
21 years$9,929$7,936$6,288$4,945$3,862$2,779
22 years$9,377$7,408$5,796$4,496$3,462$2,443
23 years$8,875$6,929$5,351$4,094$3,108$2,151
24 years$8,415$6,492$4,949$3,734$2,793$1,895
25 years$7,992$6,092$4,584$3,410$2,514$1,672
26 years$7,603$5,726$4,251$3,118$2,264$1,476
27 years$7,243$5,389$3,948$2,854$2,041$1,304
28 years$6,909$5,078$3,670$2,615$1,842$1,152
29 years$6,599$4,790$3,415$2,398$1,663$1,019
30 years$6,310$4,524$3,181$2,201$1,503$902
31 years$6,041$4,276$2,966$2,021$1,359$798
32 years$5,788$4,046$2,767$1,858$1,229$707
33 years$5,552$3,832$2,584$1,708$1,112$626
34 years$5,329$3,632$2,414$1,572$1,007$555
35 years$5,120$3,445$2,257$1,447$912$492
36 years$4,924$3,270$2,111$1,333$826$436
37 years$4,738$3,105$1,976$1,228$749$387
38 years$4,562$2,951$1,850$1,132$679$343
39 years$4,396$2,806$1,734$1,043$616$304
40 years$4,238$2,670$1,625$962$559$270
41 years$4,089$2,542$1,524$888$507$239
42 years$3,947$2,420$1,429$819$460$212
43 years$3,812$2,306$1,341$756$417$188
44 years$3,683$2,198$1,259$698$379$167
45 years$3,561$2,096$1,182$645$344$148
46 years$3,444$2,000$1,110$596$312$132
47 years$3,333$1,908$1,043$550$283$117
48 years$3,226$1,822$980$509$257$104
49 years$3,124$1,740$921$470$234$92
50 years$3,027$1,662$866$435$212$82

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 $6,683 every year, while hoping to spend $40,194 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: 36/37/27 Blend
54$3,100,000$3,100,000$3,100,000$3,100,000
55$3,423,094$3,258,794$3,210,744$3,518,347
56$3,729,483$3,375,708$3,275,537$3,706,529
57$4,065,777$3,497,005$3,341,155$3,905,419
58$4,434,983$3,622,855$3,407,580$4,119,361
59$4,840,416$3,753,439$3,474,798$4,349,736
60$5,285,723$3,888,943$3,542,789$4,598,059
61$5,774,927$4,029,561$3,611,533$4,865,994
62$6,312,457$4,175,497$3,681,007$5,155,372
63$6,903,192$4,326,961$3,751,185$5,468,202
64$7,552,509$4,484,173$3,822,040$5,806,697
65$8,266,329$4,647,362$3,893,543$6,173,285
66$9,051,178$4,816,766$3,965,660$6,570,638
67$9,914,245$4,992,634$4,038,356$7,001,697
68$10,863,449$5,175,224$4,111,593$7,469,691
69$11,907,518$5,364,807$4,185,328$7,978,178
70$13,056,066$5,561,664$4,259,518$8,531,067
71$14,319,686$5,766,087$4,334,113$9,132,661
72$15,710,050$5,978,382$4,409,062$9,787,695
73$17,240,019$6,198,866$4,484,309$10,501,380
74$18,923,762$6,427,872$4,559,795$11,279,448
75$20,776,893$6,665,744$4,635,455$12,128,211
76$22,816,615$6,912,844$4,711,221$13,054,613
77$25,061,883$7,169,547$4,787,021$14,066,302
78$27,533,585$7,436,245$4,862,776$15,171,693
79$30,254,735$7,713,345$4,938,403$16,380,052
80$33,250,693$8,001,275$5,013,815$17,701,582
81$36,549,404$8,300,477$5,088,918$19,147,514
82$40,181,658$8,611,415$5,163,611$20,730,216
83$44,181,384$8,934,571$5,237,789$22,463,306
84$48,585,970$9,270,450$5,311,340$24,361,781
85$53,436,614$9,619,577$5,384,145$26,442,155
86$58,778,711$9,982,499$5,456,077$28,722,617
87$64,662,287$10,359,789$5,527,003$31,223,197
88$71,142,465$10,752,043$5,596,781$33,965,955
89$78,279,986$11,159,883$5,665,263$36,975,189
90$86,141,785$11,583,958$5,732,291$40,277,661
91$94,801,622$12,024,946$5,797,696$43,902,851
92$104,340,772$12,483,554$5,861,304$47,883,226
93$114,848,802$12,960,519$5,922,929$52,254,555
94$126,424,407$13,456,611$5,982,374$57,056,236
95$139,176,346$13,972,634$6,039,433$62,331,671
96$153,224,467$14,509,427$6,093,888$68,128,671
97$168,700,838$15,067,865$6,145,509$74,499,906
98$185,750,995$15,648,862$6,194,055$81,503,400
99$204,535,312$16,253,372$6,239,272$89,203,077
100$225,230,518$16,882,391$6,280,891$97,669,360