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%15.5%
1 years$264,253$261,899$259,603$257,361$255,172$249,409
2 years$130,818$128,382$126,021$123,731$121,511$115,735
3 years$86,346$83,899$81,544$79,276$77,091$71,484
4 years$64,114$61,675$59,343$57,114$54,982$49,586
5 years$50,778$48,354$46,053$43,869$41,797$36,627
6 years$41,891$39,484$37,217$35,082$33,072$28,134
7 years$35,545$33,159$30,928$28,843$26,897$22,191
8 years$30,788$28,423$26,229$24,196$22,313$17,839
9 years$27,090$24,748$22,591$20,609$18,791$14,544
10 years$24,133$21,814$19,696$17,766$16,011$11,987
11 years$21,716$19,420$17,340$15,461$13,770$9,964
12 years$19,703$17,430$15,388$13,562$11,933$8,338
13 years$18,000$15,752$13,749$11,973$10,406$7,016
14 years$16,543$14,318$12,353$10,628$9,121$5,930
15 years$15,281$13,080$11,153$9,478$8,031$5,031
16 years$14,177$12,000$10,112$8,487$7,098$4,281
17 years$13,205$11,052$9,202$7,625$6,294$3,652
18 years$12,341$10,212$8,400$6,872$5,596$3,122
19 years$11,569$9,465$7,690$6,210$4,988$2,674
20 years$10,876$8,795$7,057$5,624$4,455$2,294
21 years$10,249$8,192$6,491$5,104$3,987$1,971
22 years$9,680$7,647$5,983$4,641$3,574$1,695
23 years$9,161$7,152$5,524$4,226$3,208$1,459
24 years$8,686$6,701$5,109$3,855$2,883$1,257
25 years$8,250$6,289$4,732$3,520$2,595$1,083
26 years$7,848$5,910$4,388$3,219$2,337$934
27 years$7,477$5,562$4,075$2,946$2,107$806
28 years$7,132$5,241$3,788$2,699$1,901$696
29 years$6,812$4,945$3,525$2,475$1,717$601
30 years$6,514$4,670$3,284$2,272$1,551$519
31 years$6,235$4,414$3,061$2,087$1,402$449
32 years$5,975$4,177$2,856$1,918$1,269$388
33 years$5,731$3,956$2,667$1,763$1,148$336
34 years$5,501$3,749$2,492$1,622$1,039$290
35 years$5,286$3,556$2,330$1,494$942$251
36 years$5,082$3,375$2,179$1,376$853$217
37 years$4,890$3,206$2,040$1,267$773$188
38 years$4,709$3,046$1,910$1,168$701$163
39 years$4,538$2,897$1,790$1,077$636$141
40 years$4,375$2,756$1,677$993$577$122
41 years$4,221$2,624$1,573$917$523$105
42 years$4,074$2,499$1,475$846$475$91
43 years$3,935$2,381$1,384$781$431$79
44 years$3,802$2,269$1,300$721$391$68
45 years$3,676$2,164$1,220$666$355$59
46 years$3,555$2,064$1,146$615$322$51
47 years$3,440$1,970$1,077$568$293$44
48 years$3,330$1,881$1,012$525$266$38
49 years$3,225$1,796$951$485$241$33
50 years$3,124$1,715$894$449$219$29

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 $6,559 every year, while hoping to spend $27,478 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: 39/35/26 Blend
54$3,200,000$3,200,000$3,200,000$3,200,000
55$3,533,166$3,363,566$3,313,966$3,643,469
56$3,864,312$3,499,144$3,395,747$3,859,905
57$4,228,315$3,640,445$3,479,347$4,090,749
58$4,628,495$3,787,719$3,564,798$4,339,835
59$5,068,515$3,941,230$3,652,132$4,608,840
60$5,552,405$4,101,253$3,741,380$4,899,607
61$6,084,610$4,268,074$3,832,576$5,214,159
62$6,670,025$4,441,993$3,925,751$5,554,721
63$7,314,042$4,623,326$4,020,939$5,923,734
64$8,022,605$4,812,399$4,118,171$6,323,881
65$8,802,261$5,009,557$4,217,480$6,758,110
66$9,660,224$5,215,158$4,318,898$7,229,664
67$10,604,444$5,429,578$4,422,458$7,742,105
68$11,643,679$5,653,209$4,528,192$8,299,351
69$12,787,579$5,886,461$4,636,132$8,905,707
70$14,046,780$6,129,765$4,746,310$9,565,912
71$15,432,997$6,383,569$4,858,756$10,285,173
72$16,959,141$6,648,343$4,973,504$11,069,221
73$18,639,440$6,924,578$5,090,582$11,924,359
74$20,489,569$7,212,788$5,210,023$12,857,521
75$22,526,801$7,513,512$5,331,855$13,876,337
76$24,770,172$7,827,310$5,456,109$14,989,201
77$27,240,653$8,154,772$5,582,812$16,205,351
78$29,961,357$8,496,513$5,711,994$17,534,954
79$32,957,751$8,853,178$5,843,681$18,989,199
80$36,257,898$9,225,440$5,977,901$20,580,401
81$39,892,721$9,614,004$6,114,678$22,322,117
82$43,896,296$10,019,608$6,254,037$24,229,270
83$48,306,173$10,443,024$6,396,003$26,318,287
84$53,163,730$10,885,059$6,540,596$28,607,254
85$58,514,564$11,346,560$6,687,839$31,116,085
86$64,408,918$11,828,410$6,837,750$33,866,703
87$70,902,161$12,331,536$6,990,349$36,883,250
88$78,055,307$12,856,906$7,145,651$40,192,308
89$85,935,589$13,405,535$7,303,670$43,823,149
90$94,617,096$13,978,484$7,464,421$47,808,009
91$104,181,474$14,576,864$7,627,913$52,182,388
92$114,718,692$15,201,838$7,794,156$56,985,383
93$126,327,893$15,854,622$7,963,154$62,260,052
94$139,118,332$16,536,492$8,134,913$68,053,818
95$153,210,402$17,248,781$8,309,433$74,418,917
96$168,736,777$17,992,885$8,486,713$81,412,879
97$185,843,657$18,770,265$8,666,747$89,099,076
98$204,692,155$19,582,453$8,849,528$97,547,309
99$225,459,812$20,431,050$9,035,044$106,834,467
100$248,342,275$21,317,734$9,223,280$117,045,248