Can I retire at age 55 with 3,200,000?

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 $3,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$264,253$261,899$259,603$257,361$255,172$249,511
2 years$130,818$128,382$126,021$123,731$121,511$115,836
3 years$86,346$83,899$81,544$79,276$77,091$71,581
4 years$64,114$61,675$59,343$57,114$54,982$49,678
5 years$50,778$48,354$46,053$43,869$41,797$36,714
6 years$41,891$39,484$37,217$35,082$33,072$28,217
7 years$35,545$33,159$30,928$28,843$26,897$22,269
8 years$30,788$28,423$26,229$24,196$22,313$17,912
9 years$27,090$24,748$22,591$20,609$18,791$14,613
10 years$24,133$21,814$19,696$17,766$16,011$12,051
11 years$21,716$19,420$17,340$15,461$13,770$10,023
12 years$19,703$17,430$15,388$13,562$11,933$8,394
13 years$18,000$15,752$13,749$11,973$10,406$7,067
14 years$16,543$14,318$12,353$10,628$9,121$5,978
15 years$15,281$13,080$11,153$9,478$8,031$5,075
16 years$14,177$12,000$10,112$8,487$7,098$4,321
17 years$13,205$11,052$9,202$7,625$6,294$3,689
18 years$12,341$10,212$8,400$6,872$5,596$3,156
19 years$11,569$9,465$7,690$6,210$4,988$2,706
20 years$10,876$8,795$7,057$5,624$4,455$2,323
21 years$10,249$8,192$6,491$5,104$3,987$1,997
22 years$9,680$7,647$5,983$4,641$3,574$1,718
23 years$9,161$7,152$5,524$4,226$3,208$1,480
24 years$8,686$6,701$5,109$3,855$2,883$1,276
25 years$8,250$6,289$4,732$3,520$2,595$1,101
26 years$7,848$5,910$4,388$3,219$2,337$950
27 years$7,477$5,562$4,075$2,946$2,107$821
28 years$7,132$5,241$3,788$2,699$1,901$709
29 years$6,812$4,945$3,525$2,475$1,717$613
30 years$6,514$4,670$3,284$2,272$1,551$530
31 years$6,235$4,414$3,061$2,087$1,402$459
32 years$5,975$4,177$2,856$1,918$1,269$397
33 years$5,731$3,956$2,667$1,763$1,148$343
34 years$5,501$3,749$2,492$1,622$1,039$297
35 years$5,286$3,556$2,330$1,494$942$257
36 years$5,082$3,375$2,179$1,376$853$223
37 years$4,890$3,206$2,040$1,267$773$193
38 years$4,709$3,046$1,910$1,168$701$167
39 years$4,538$2,897$1,790$1,077$636$145
40 years$4,375$2,756$1,677$993$577$125
41 years$4,221$2,624$1,573$917$523$108
42 years$4,074$2,499$1,475$846$475$94
43 years$3,935$2,381$1,384$781$431$81
44 years$3,802$2,269$1,300$721$391$71
45 years$3,676$2,164$1,220$666$355$61
46 years$3,555$2,064$1,146$615$322$53
47 years$3,440$1,970$1,077$568$293$46
48 years$3,330$1,881$1,012$525$266$40
49 years$3,225$1,796$951$485$241$34
50 years$3,124$1,715$894$449$219$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $3,200,000, adding $6,434 every year, while hoping to spend $22,995 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: 82/7/11 Blend
54$3,200,000$3,200,000$3,200,000$3,200,000
55$3,533,037$3,363,437$3,313,837$3,815,702
56$3,868,940$3,503,779$3,400,384$4,142,204
57$4,238,335$3,650,227$3,489,059$4,496,909
58$4,644,613$3,803,055$3,579,911$4,885,661
59$5,091,511$3,962,553$3,672,986$5,311,863
60$5,583,147$4,129,020$3,768,332$5,779,265
61$6,124,057$4,302,772$3,866,001$6,291,995
62$6,719,241$4,484,137$3,966,042$6,854,599
63$7,374,205$4,673,461$4,068,505$7,472,085
64$8,095,017$4,871,104$4,173,444$8,149,970
65$8,888,365$5,077,444$4,280,910$8,894,329
66$9,761,615$5,292,876$4,390,958$9,711,855
67$10,722,886$5,517,813$4,503,641$10,609,921
68$11,781,122$5,752,688$4,619,015$11,596,647
69$12,946,181$5,997,953$4,737,136$12,680,981
70$14,228,922$6,254,084$4,858,060$13,872,776
71$15,641,312$6,521,574$4,981,846$15,182,892
72$17,196,540$6,800,945$5,108,552$16,623,287
73$18,909,134$7,092,739$5,238,236$18,207,141
74$20,795,108$7,397,525$5,370,959$19,948,970
75$22,872,104$7,715,899$5,506,781$21,864,768
76$25,159,565$8,048,484$5,645,764$23,972,157
77$27,678,913$8,395,932$5,787,969$26,290,550
78$30,453,756$8,758,927$5,933,461$28,841,339
79$33,510,109$9,138,185$6,082,302$31,648,090
80$36,876,637$9,534,453$6,234,556$34,736,769
81$40,584,929$9,948,515$6,390,288$38,135,986
82$44,669,793$10,381,194$6,549,563$41,877,263
83$49,169,586$10,833,347$6,712,449$45,995,332
84$54,126,579$11,305,875$6,879,010$50,528,464
85$59,587,347$11,799,721$7,049,315$55,518,824
86$65,603,220$12,315,871$7,223,430$61,012,874
87$72,230,758$12,855,357$7,401,424$67,061,809
88$79,532,288$13,419,263$7,583,365$73,722,039
89$87,576,496$14,008,721$7,769,322$81,055,720
90$96,439,068$14,624,918$7,959,364$89,131,341
91$106,203,410$15,269,097$8,153,560$98,024,371
92$116,961,433$15,942,558$8,351,979$107,817,968
93$128,814,421$16,646,664$8,554,692$118,603,763
94$141,873,985$17,382,844$8,761,768$130,482,728
95$156,263,121$18,152,593$8,973,276$143,566,121
96$172,117,365$18,957,476$9,189,286$157,976,545
97$189,586,077$19,799,133$9,409,869$173,849,093
98$208,833,849$20,679,283$9,635,091$191,332,633
99$230,042,059$21,599,725$9,865,024$210,591,205
100$253,410,582$22,562,344$10,099,735$231,805,571