Can I retire at age 55 with 3,400,000?

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 $3,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$280,769$278,268$275,828$273,446$271,121$269,865
2 years$138,994$136,406$133,897$131,465$129,105$127,837
3 years$91,743$89,143$86,640$84,231$81,910$80,669
4 years$68,121$65,529$63,052$60,683$58,419$57,215
5 years$53,952$51,376$48,931$46,611$44,409$43,246
6 years$44,509$41,952$39,543$37,275$35,139$34,019
7 years$37,767$35,231$32,861$30,646$28,578$27,500
8 years$32,712$30,200$27,869$25,708$23,708$22,673
9 years$28,783$26,294$24,003$21,897$19,965$18,973
10 years$25,642$23,177$20,926$18,876$17,012$16,061
11 years$23,073$20,633$18,423$16,428$14,631$13,721
12 years$20,934$18,519$16,350$14,409$12,679$11,810
13 years$19,126$16,736$14,608$12,721$11,056$10,227
14 years$17,577$15,213$13,125$11,292$9,692$8,902
15 years$16,236$13,897$11,850$10,071$8,533$7,781
16 years$15,063$12,750$10,744$9,017$7,542$6,827
17 years$14,030$11,742$9,777$8,102$6,687$6,008
18 years$13,112$10,851$8,925$7,302$5,946$5,301
19 years$12,293$10,056$8,170$6,598$5,300$4,689
20 years$11,556$9,345$7,498$5,975$4,734$4,155
21 years$10,890$8,704$6,897$5,423$4,236$3,689
22 years$10,285$8,125$6,357$4,931$3,797$3,280
23 years$9,734$7,599$5,869$4,491$3,408$2,920
24 years$9,229$7,120$5,428$4,096$3,064$2,603
25 years$8,766$6,682$5,027$3,740$2,757$2,323
26 years$8,339$6,280$4,663$3,420$2,483$2,075
27 years$7,944$5,910$4,330$3,130$2,239$1,855
28 years$7,578$5,569$4,025$2,868$2,020$1,659
29 years$7,238$5,254$3,746$2,630$1,824$1,485
30 years$6,921$4,962$3,489$2,414$1,648$1,330
31 years$6,625$4,690$3,253$2,217$1,490$1,192
32 years$6,348$4,438$3,035$2,037$1,348$1,069
33 years$6,089$4,203$2,834$1,874$1,220$958
34 years$5,845$3,983$2,648$1,724$1,104$860
35 years$5,616$3,778$2,475$1,587$1,000$772
36 years$5,400$3,586$2,316$1,461$906$693
37 years$5,196$3,406$2,167$1,347$821$622
38 years$5,003$3,237$2,030$1,241$745$559
39 years$4,821$3,078$1,901$1,144$675$502
40 years$4,648$2,928$1,782$1,056$613$451
41 years$4,484$2,788$1,671$974$556$406
42 years$4,329$2,655$1,568$899$504$365
43 years$4,181$2,529$1,471$830$458$328
44 years$4,040$2,411$1,381$766$415$295
45 years$3,905$2,299$1,297$707$377$265
46 years$3,777$2,193$1,218$654$342$238
47 years$3,655$2,093$1,144$604$311$214
48 years$3,538$1,998$1,075$558$282$193
49 years$3,426$1,908$1,011$516$256$173
50 years$3,320$1,823$950$477$233$156

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $3,400,000, adding $3,242 every year, while hoping to spend $33,585 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: 50/26/24 Blend
54$3,400,000$3,400,000$3,400,000$3,400,000
55$3,750,144$3,569,944$3,517,244$3,912,173
56$4,096,925$3,709,137$3,599,338$4,164,380
57$4,477,951$3,854,025$3,683,056$4,434,689
58$4,896,681$4,004,851$3,768,417$4,727,802
59$5,356,924$4,161,871$3,855,441$5,045,892
60$5,862,877$4,325,348$3,944,144$5,391,350
61$6,419,162$4,495,562$4,034,544$5,766,801
62$7,030,874$4,672,802$4,126,659$6,175,137
63$7,703,624$4,857,371$4,220,504$6,619,537
64$8,443,597$5,049,585$4,316,093$7,103,497
65$9,257,604$5,249,775$4,413,443$7,630,865
66$10,153,152$5,458,286$4,512,565$8,205,874
67$11,138,511$5,675,480$4,613,474$8,833,184
68$12,222,793$5,901,732$4,716,179$9,517,920
69$13,416,039$6,137,438$4,820,692$10,265,725
70$14,729,311$6,383,009$4,927,022$11,082,810
71$16,174,799$6,638,875$5,035,176$11,976,010
72$17,765,935$6,905,486$5,145,160$12,952,851
73$19,517,518$7,183,312$5,256,981$14,021,616
74$21,445,855$7,472,845$5,370,640$15,191,426
75$23,568,916$7,774,598$5,486,139$16,472,322
76$25,906,499$8,089,107$5,603,479$17,875,360
77$28,480,423$8,416,934$5,722,657$19,412,715
78$31,314,728$8,758,666$5,843,668$21,097,792
79$34,435,905$9,114,916$5,966,506$22,945,353
80$37,873,146$9,486,324$6,091,161$24,971,654
81$41,658,615$9,873,563$6,217,624$27,194,601
82$45,827,758$10,277,332$6,345,878$29,633,911
83$50,419,632$10,698,364$6,475,908$32,311,299
84$55,477,277$11,137,426$6,607,694$35,250,687
85$61,048,120$11,595,320$6,741,212$38,478,417
86$67,184,421$12,072,884$6,876,436$42,023,509
87$73,943,771$12,570,995$7,013,335$45,917,927
88$81,389,631$13,090,569$7,151,877$50,196,880
89$89,591,932$13,632,565$7,292,023$54,899,152
90$98,627,735$14,197,986$7,433,732$60,067,466
91$108,581,958$14,787,882$7,576,957$65,748,889
92$119,548,180$15,403,351$7,721,647$71,995,268
93$131,629,519$16,045,539$7,867,746$78,863,722
94$144,939,608$16,715,648$8,015,194$86,417,174
95$159,603,668$17,414,935$8,163,923$94,724,948
96$175,759,689$18,144,714$8,313,861$103,863,417
97$193,559,732$18,906,360$8,464,931$113,916,723
98$213,171,366$19,701,313$8,617,047$124,977,567
99$234,779,244$20,531,076$8,770,117$137,148,083
100$258,586,856$21,397,227$8,924,044$150,540,797