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%17.8%
1 years$280,769$278,268$275,828$273,446$271,121$262,547
2 years$138,994$136,406$133,897$131,465$129,105$120,545
3 years$91,743$89,143$86,640$84,231$81,910$73,632
4 years$68,121$65,529$63,052$60,683$58,419$50,486
5 years$53,952$51,376$48,931$46,611$44,409$36,843
6 years$44,509$41,952$39,543$37,275$35,139$27,947
7 years$37,767$35,231$32,861$30,646$28,578$21,758
8 years$32,712$30,200$27,869$25,708$23,708$17,256
9 years$28,783$26,294$24,003$21,897$19,965$13,875
10 years$25,642$23,177$20,926$18,876$17,012$11,272
11 years$23,073$20,633$18,423$16,428$14,631$9,233
12 years$20,934$18,519$16,350$14,409$12,679$7,610
13 years$19,126$16,736$14,608$12,721$11,056$6,305
14 years$17,577$15,213$13,125$11,292$9,692$5,246
15 years$16,236$13,897$11,850$10,071$8,533$4,379
16 years$15,063$12,750$10,744$9,017$7,542$3,665
17 years$14,030$11,742$9,777$8,102$6,687$3,075
18 years$13,112$10,851$8,925$7,302$5,946$2,585
19 years$12,293$10,056$8,170$6,598$5,300$2,176
20 years$11,556$9,345$7,498$5,975$4,734$1,834
21 years$10,890$8,704$6,897$5,423$4,236$1,548
22 years$10,285$8,125$6,357$4,931$3,797$1,307
23 years$9,734$7,599$5,869$4,491$3,408$1,105
24 years$9,229$7,120$5,428$4,096$3,064$935
25 years$8,766$6,682$5,027$3,740$2,757$791
26 years$8,339$6,280$4,663$3,420$2,483$670
27 years$7,944$5,910$4,330$3,130$2,239$567
28 years$7,578$5,569$4,025$2,868$2,020$481
29 years$7,238$5,254$3,746$2,630$1,824$408
30 years$6,921$4,962$3,489$2,414$1,648$346
31 years$6,625$4,690$3,253$2,217$1,490$293
32 years$6,348$4,438$3,035$2,037$1,348$248
33 years$6,089$4,203$2,834$1,874$1,220$211
34 years$5,845$3,983$2,648$1,724$1,104$179
35 years$5,616$3,778$2,475$1,587$1,000$152
36 years$5,400$3,586$2,316$1,461$906$129
37 years$5,196$3,406$2,167$1,347$821$109
38 years$5,003$3,237$2,030$1,241$745$93
39 years$4,821$3,078$1,901$1,144$675$79
40 years$4,648$2,928$1,782$1,056$613$67
41 years$4,484$2,788$1,671$974$556$57
42 years$4,329$2,655$1,568$899$504$48
43 years$4,181$2,529$1,471$830$458$41
44 years$4,040$2,411$1,381$766$415$35
45 years$3,905$2,299$1,297$707$377$29
46 years$3,777$2,193$1,218$654$342$25
47 years$3,655$2,093$1,144$604$311$21
48 years$3,538$1,998$1,075$558$282$18
49 years$3,426$1,908$1,011$516$256$15
50 years$3,320$1,823$950$477$233$13

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 $5,111 every year, while hoping to spend $50,695 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: 35/37/28 Blend
54$3,400,000$3,400,000$3,400,000$3,400,000
55$3,752,072$3,571,872$3,519,172$3,851,570
56$4,080,844$3,692,955$3,583,125$4,047,622
57$4,441,452$3,818,271$3,647,522$4,254,090
58$4,837,090$3,947,976$3,712,323$4,475,893
59$5,271,274$4,082,228$3,777,487$4,714,437
60$5,747,881$4,221,194$3,842,970$4,971,268
61$6,271,178$4,365,046$3,908,722$5,248,086
62$6,845,867$4,513,962$3,974,694$5,546,759
63$7,477,128$4,668,128$4,040,828$5,869,340
64$8,170,666$4,827,738$4,107,067$6,218,089
65$8,932,768$4,992,991$4,173,348$6,595,489
66$9,770,358$5,164,096$4,239,603$7,004,273
67$10,691,066$5,341,267$4,305,761$7,447,447
68$11,703,295$5,524,730$4,371,745$7,928,317
69$12,816,307$5,714,718$4,437,474$8,450,522
70$14,040,304$5,911,472$4,502,862$9,018,066
71$15,386,525$6,115,244$4,567,818$9,635,357
72$16,867,355$6,326,296$4,632,245$10,307,243
73$18,496,439$6,544,898$4,696,039$11,039,064
74$20,288,811$6,771,333$4,759,091$11,836,696
75$22,261,035$7,005,894$4,821,287$12,706,609
76$24,431,364$7,248,886$4,882,503$13,655,926
77$26,819,907$7,500,625$4,942,610$14,692,488
78$29,448,822$7,761,440$5,001,472$15,824,930
79$32,342,525$8,031,674$5,058,945$17,062,761
80$35,527,918$8,311,682$5,114,875$18,416,451
81$39,034,645$8,601,834$5,169,102$19,897,530
82$42,895,369$8,902,513$5,221,457$21,518,698
83$47,146,080$9,214,121$5,271,760$23,293,939
84$51,826,440$9,537,071$5,319,823$25,238,657
85$56,980,146$9,871,798$5,365,447$27,369,817
86$62,655,354$10,218,749$5,408,423$29,706,108
87$68,905,126$10,578,393$5,448,530$32,268,111
88$75,787,930$10,951,215$5,485,537$35,078,503
89$83,368,196$11,337,722$5,519,200$38,162,257
90$91,716,921$11,738,440$5,549,262$41,546,889
91$100,912,339$12,153,915$5,575,454$45,262,708
92$111,040,659$12,584,718$5,597,493$49,343,104
93$122,196,878$13,031,441$5,615,081$53,824,862
94$134,485,678$13,494,701$5,627,906$58,748,507
95$148,022,415$13,975,139$5,635,638$64,158,686
96$162,934,204$14,473,424$5,637,935$70,104,587
97$179,361,121$14,990,249$5,634,433$76,640,402
98$197,457,523$15,526,340$5,624,755$83,825,840
99$217,393,508$16,082,448$5,608,502$91,726,683
100$239,356,516$16,659,358$5,585,257$100,415,412