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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.6%
1 years$280,769$278,268$275,828$273,446$271,121$260,673
2 years$138,994$136,406$133,897$131,465$129,105$118,703
3 years$91,743$89,143$86,640$84,231$81,910$71,882
4 years$68,121$65,529$63,052$60,683$58,419$48,841
5 years$53,952$51,376$48,931$46,611$44,409$35,306
6 years$44,509$41,952$39,543$37,275$35,139$26,517
7 years$37,767$35,231$32,861$30,646$28,578$20,433
8 years$32,712$30,200$27,869$25,708$23,708$16,034
9 years$28,783$26,294$24,003$21,897$19,965$12,751
10 years$25,642$23,177$20,926$18,876$17,012$10,242
11 years$23,073$20,633$18,423$16,428$14,631$8,291
12 years$20,934$18,519$16,350$14,409$12,679$6,753
13 years$19,126$16,736$14,608$12,721$11,056$5,527
14 years$17,577$15,213$13,125$11,292$9,692$4,540
15 years$16,236$13,897$11,850$10,071$8,533$3,742
16 years$15,063$12,750$10,744$9,017$7,542$3,091
17 years$14,030$11,742$9,777$8,102$6,687$2,559
18 years$13,112$10,851$8,925$7,302$5,946$2,123
19 years$12,293$10,056$8,170$6,598$5,300$1,763
20 years$11,556$9,345$7,498$5,975$4,734$1,466
21 years$10,890$8,704$6,897$5,423$4,236$1,220
22 years$10,285$8,125$6,357$4,931$3,797$1,016
23 years$9,734$7,599$5,869$4,491$3,408$847
24 years$9,229$7,120$5,428$4,096$3,064$706
25 years$8,766$6,682$5,027$3,740$2,757$589
26 years$8,339$6,280$4,663$3,420$2,483$491
27 years$7,944$5,910$4,330$3,130$2,239$410
28 years$7,578$5,569$4,025$2,868$2,020$343
29 years$7,238$5,254$3,746$2,630$1,824$286
30 years$6,921$4,962$3,489$2,414$1,648$239
31 years$6,625$4,690$3,253$2,217$1,490$200
32 years$6,348$4,438$3,035$2,037$1,348$167
33 years$6,089$4,203$2,834$1,874$1,220$139
34 years$5,845$3,983$2,648$1,724$1,104$117
35 years$5,616$3,778$2,475$1,587$1,000$97
36 years$5,400$3,586$2,316$1,461$906$81
37 years$5,196$3,406$2,167$1,347$821$68
38 years$5,003$3,237$2,030$1,241$745$57
39 years$4,821$3,078$1,901$1,144$675$48
40 years$4,648$2,928$1,782$1,056$613$40
41 years$4,484$2,788$1,671$974$556$33
42 years$4,329$2,655$1,568$899$504$28
43 years$4,181$2,529$1,471$830$458$23
44 years$4,040$2,411$1,381$766$415$19
45 years$3,905$2,299$1,297$707$377$16
46 years$3,777$2,193$1,218$654$342$14
47 years$3,655$2,093$1,144$604$311$11
48 years$3,538$1,998$1,075$558$282$9
49 years$3,426$1,908$1,011$516$256$8
50 years$3,320$1,823$950$477$233$7

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 $3,418 every year, while hoping to spend $38,524 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: 27/49/24 Blend
54$3,400,000$3,400,000$3,400,000$3,400,000
55$3,750,326$3,570,126$3,517,426$3,823,204
56$4,091,870$3,704,073$3,594,270$4,015,391
57$4,466,960$3,843,292$3,672,398$4,218,011
58$4,878,978$3,988,001$3,751,811$4,434,761
59$5,331,647$4,138,427$3,832,511$4,666,868
60$5,829,072$4,294,807$3,914,497$4,915,673
61$6,375,773$4,457,387$3,997,767$5,182,648
62$6,976,729$4,626,427$4,082,320$5,469,407
63$7,637,428$4,802,194$4,168,150$5,777,719
64$8,363,914$4,984,970$4,255,251$6,109,526
65$9,162,846$5,175,046$4,343,615$6,466,958
66$10,041,563$5,372,730$4,433,233$6,852,353
67$11,008,148$5,578,340$4,524,092$7,268,278
68$12,071,508$5,792,208$4,616,179$7,717,550
69$13,241,459$6,014,682$4,709,477$8,203,265
70$14,528,811$6,246,126$4,803,968$8,728,821
71$15,945,481$6,486,917$4,899,632$9,297,953
72$17,504,595$6,737,450$4,996,445$9,914,764
73$19,220,618$6,998,140$5,094,380$10,583,765
74$21,109,487$7,269,415$5,193,408$11,309,910
75$23,188,765$7,551,726$5,293,497$12,098,650
76$25,477,801$7,845,543$5,394,612$12,955,974
77$27,997,919$8,151,357$5,496,713$13,888,469
78$30,772,612$8,469,679$5,599,758$14,903,379
79$33,827,769$8,801,043$5,703,701$16,008,669
80$37,191,917$9,146,010$5,808,490$17,213,103
81$40,896,491$9,505,163$5,914,073$18,526,321
82$44,976,127$9,879,110$6,020,388$19,958,926
83$49,468,994$10,268,489$6,127,374$21,522,587
84$54,417,151$10,673,964$6,234,960$23,230,144
85$59,866,943$11,096,231$6,343,074$25,095,724
86$65,869,440$11,536,015$6,451,635$27,134,877
87$72,480,917$11,994,074$6,560,560$29,364,716
88$79,763,388$12,471,202$6,669,756$31,804,077
89$87,785,189$12,968,225$6,779,128$34,473,694
90$96,621,619$13,486,009$6,888,570$37,396,392
91$106,355,659$14,025,459$6,997,972$40,597,298
92$117,078,749$14,587,518$7,107,216$44,104,075
93$128,891,650$15,173,176$7,216,177$47,947,181
94$141,905,399$15,783,462$7,324,720$52,160,151
95$156,242,355$16,419,457$7,432,703$56,779,911
96$172,037,353$17,082,288$7,539,976$61,847,122
97$189,438,976$17,773,133$7,646,379$67,406,560
98$208,610,960$18,493,225$7,751,740$73,507,535
99$229,733,736$19,243,851$7,855,882$80,204,350
100$253,006,136$20,026,359$7,958,613$87,556,810