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%17.2%
1 years$264,253$261,899$259,603$257,361$255,172$247,699
2 years$130,818$128,382$126,021$123,731$121,511$114,042
3 years$86,346$83,899$81,544$79,276$77,091$69,861
4 years$64,114$61,675$59,343$57,114$54,982$48,046
5 years$50,778$48,354$46,053$43,869$41,797$35,174
6 years$41,891$39,484$37,217$35,082$33,072$26,768
7 years$35,545$33,159$30,928$28,843$26,897$20,912
8 years$30,788$28,423$26,229$24,196$22,313$16,644
9 years$27,090$24,748$22,591$20,609$18,791$13,431
10 years$24,133$21,814$19,696$17,766$16,011$10,953
11 years$21,716$19,420$17,340$15,461$13,770$9,006
12 years$19,703$17,430$15,388$13,562$11,933$7,453
13 years$18,000$15,752$13,749$11,973$10,406$6,200
14 years$16,543$14,318$12,353$10,628$9,121$5,180
15 years$15,281$13,080$11,153$9,478$8,031$4,342
16 years$14,177$12,000$10,112$8,487$7,098$3,650
17 years$13,205$11,052$9,202$7,625$6,294$3,076
18 years$12,341$10,212$8,400$6,872$5,596$2,597
19 years$11,569$9,465$7,690$6,210$4,988$2,196
20 years$10,876$8,795$7,057$5,624$4,455$1,860
21 years$10,249$8,192$6,491$5,104$3,987$1,577
22 years$9,680$7,647$5,983$4,641$3,574$1,338
23 years$9,161$7,152$5,524$4,226$3,208$1,136
24 years$8,686$6,701$5,109$3,855$2,883$966
25 years$8,250$6,289$4,732$3,520$2,595$821
26 years$7,848$5,910$4,388$3,219$2,337$699
27 years$7,477$5,562$4,075$2,946$2,107$595
28 years$7,132$5,241$3,788$2,699$1,901$507
29 years$6,812$4,945$3,525$2,475$1,717$431
30 years$6,514$4,670$3,284$2,272$1,551$368
31 years$6,235$4,414$3,061$2,087$1,402$313
32 years$5,975$4,177$2,856$1,918$1,269$267
33 years$5,731$3,956$2,667$1,763$1,148$228
34 years$5,501$3,749$2,492$1,622$1,039$194
35 years$5,286$3,556$2,330$1,494$942$165
36 years$5,082$3,375$2,179$1,376$853$141
37 years$4,890$3,206$2,040$1,267$773$120
38 years$4,709$3,046$1,910$1,168$701$103
39 years$4,538$2,897$1,790$1,077$636$88
40 years$4,375$2,756$1,677$993$577$75
41 years$4,221$2,624$1,573$917$523$64
42 years$4,074$2,499$1,475$846$475$54
43 years$3,935$2,381$1,384$781$431$46
44 years$3,802$2,269$1,300$721$391$40
45 years$3,676$2,164$1,220$666$355$34
46 years$3,555$2,064$1,146$615$322$29
47 years$3,440$1,970$1,077$568$293$25
48 years$3,330$1,881$1,012$525$266$21
49 years$3,225$1,796$951$485$241$18
50 years$3,124$1,715$894$449$219$15

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 $5,380 every year, while hoping to spend $26,716 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: 37/48/15 Blend
54$3,200,000$3,200,000$3,200,000$3,200,000
55$3,531,949$3,362,349$3,312,749$3,646,318
56$3,863,783$3,498,679$3,395,301$3,865,314
57$4,228,568$3,640,793$3,479,723$4,098,756
58$4,629,637$3,788,947$3,566,049$4,350,330
59$5,070,662$3,943,409$3,654,314$4,621,675
60$5,555,690$4,104,455$3,744,553$4,914,585
61$6,089,177$4,272,380$3,836,802$5,231,030
62$6,676,033$4,447,487$3,931,096$5,573,172
63$7,321,671$4,630,096$4,027,470$5,943,384
64$8,032,051$4,820,541$4,125,959$6,344,269
65$8,813,742$5,019,169$4,226,601$6,778,687
66$9,673,982$5,226,347$4,329,431$7,249,779
67$10,620,746$5,442,455$4,434,484$7,760,994
68$11,662,819$5,667,894$4,541,797$8,316,122
69$12,809,886$5,903,079$4,651,406$8,919,325
70$14,072,613$6,148,449$4,763,347$9,575,181
71$15,462,756$6,404,459$4,877,655$10,288,716
72$16,993,268$6,671,588$4,994,367$11,065,460
73$18,678,421$6,950,336$5,113,519$11,911,488
74$20,533,943$7,241,225$5,235,145$12,833,483
75$22,577,163$7,544,804$5,359,280$13,838,791
76$24,827,178$7,861,643$5,485,960$14,935,492
77$27,305,029$8,192,342$5,615,218$16,132,474
78$30,033,903$8,537,529$5,747,090$17,439,511
79$33,039,352$8,897,858$5,881,607$18,867,356
80$36,349,528$9,274,016$6,018,804$20,427,840
81$39,995,458$9,666,720$6,158,712$22,133,981
82$44,011,328$10,076,723$6,301,362$24,000,100
83$48,434,812$10,504,811$6,446,786$26,041,959
84$53,307,422$10,951,806$6,595,013$28,276,904
85$58,674,905$11,418,570$6,746,072$30,724,026
86$64,587,670$11,906,005$6,899,990$33,404,336
87$71,101,266$12,415,053$7,056,794$36,340,965
88$78,276,908$12,946,703$7,216,509$39,559,373
89$86,182,049$13,501,988$7,379,158$43,087,587
90$94,891,023$14,081,991$7,544,765$46,956,466
91$104,485,742$14,687,843$7,713,349$51,199,980
92$115,056,472$15,320,731$7,884,930$55,855,536
93$126,702,681$15,981,896$8,059,524$60,964,319
94$139,533,982$16,672,636$8,237,146$66,571,678
95$153,671,166$17,394,314$8,417,809$72,727,553
96$169,247,342$18,148,352$8,601,522$79,486,935
97$186,409,192$18,936,242$8,788,294$86,910,386
98$205,318,357$19,759,545$8,978,129$95,064,599
99$226,152,963$20,619,897$9,171,030$104,023,028
100$249,109,300$21,519,007$9,366,995$113,866,570