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%17.9%
1 years$280,769$278,268$275,828$273,446$271,121$262,442
2 years$138,994$136,406$133,897$131,465$129,105$120,441
3 years$91,743$89,143$86,640$84,231$81,910$73,533
4 years$68,121$65,529$63,052$60,683$58,419$50,393
5 years$53,952$51,376$48,931$46,611$44,409$36,756
6 years$44,509$41,952$39,543$37,275$35,139$27,865
7 years$37,767$35,231$32,861$30,646$28,578$21,682
8 years$32,712$30,200$27,869$25,708$23,708$17,186
9 years$28,783$26,294$24,003$21,897$19,965$13,810
10 years$25,642$23,177$20,926$18,876$17,012$11,213
11 years$23,073$20,633$18,423$16,428$14,631$9,178
12 years$20,934$18,519$16,350$14,409$12,679$7,560
13 years$19,126$16,736$14,608$12,721$11,056$6,259
14 years$17,577$15,213$13,125$11,292$9,692$5,204
15 years$16,236$13,897$11,850$10,071$8,533$4,341
16 years$15,063$12,750$10,744$9,017$7,542$3,631
17 years$14,030$11,742$9,777$8,102$6,687$3,044
18 years$13,112$10,851$8,925$7,302$5,946$2,557
19 years$12,293$10,056$8,170$6,598$5,300$2,151
20 years$11,556$9,345$7,498$5,975$4,734$1,812
21 years$10,890$8,704$6,897$5,423$4,236$1,528
22 years$10,285$8,125$6,357$4,931$3,797$1,289
23 years$9,734$7,599$5,869$4,491$3,408$1,089
24 years$9,229$7,120$5,428$4,096$3,064$920
25 years$8,766$6,682$5,027$3,740$2,757$778
26 years$8,339$6,280$4,663$3,420$2,483$659
27 years$7,944$5,910$4,330$3,130$2,239$557
28 years$7,578$5,569$4,025$2,868$2,020$472
29 years$7,238$5,254$3,746$2,630$1,824$400
30 years$6,921$4,962$3,489$2,414$1,648$339
31 years$6,625$4,690$3,253$2,217$1,490$287
32 years$6,348$4,438$3,035$2,037$1,348$243
33 years$6,089$4,203$2,834$1,874$1,220$206
34 years$5,845$3,983$2,648$1,724$1,104$175
35 years$5,616$3,778$2,475$1,587$1,000$148
36 years$5,400$3,586$2,316$1,461$906$125
37 years$5,196$3,406$2,167$1,347$821$106
38 years$5,003$3,237$2,030$1,241$745$90
39 years$4,821$3,078$1,901$1,144$675$76
40 years$4,648$2,928$1,782$1,056$613$65
41 years$4,484$2,788$1,671$974$556$55
42 years$4,329$2,655$1,568$899$504$47
43 years$4,181$2,529$1,471$830$458$40
44 years$4,040$2,411$1,381$766$415$34
45 years$3,905$2,299$1,297$707$377$28
46 years$3,777$2,193$1,218$654$342$24
47 years$3,655$2,093$1,144$604$311$20
48 years$3,538$1,998$1,075$558$282$17
49 years$3,426$1,908$1,011$516$256$15
50 years$3,320$1,823$950$477$233$12

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 $2,304 every year, while hoping to spend $44,134 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: 46/45/9 Blend
54$3,400,000$3,400,000$3,400,000$3,400,000
55$3,749,177$3,568,977$3,516,277$3,912,163
56$4,084,634$3,696,898$3,587,114$4,152,739
57$4,452,830$3,829,609$3,658,844$4,408,809
58$4,857,055$3,967,296$3,731,453$4,685,578
59$5,300,938$4,110,157$3,804,919$4,984,975
60$5,788,473$4,258,394$3,879,224$5,309,120
61$6,324,062$4,412,220$3,954,343$5,660,343
62$6,912,554$4,571,857$4,030,251$6,041,202
63$7,559,291$4,737,534$4,106,920$6,454,514
64$8,270,156$4,909,491$4,184,320$6,903,370
65$9,051,635$5,087,979$4,262,417$7,391,172
66$9,910,868$5,273,257$4,341,175$7,921,662
67$10,855,727$5,465,596$4,420,554$8,498,952
68$11,894,880$5,665,280$4,500,512$9,127,568
69$13,037,881$5,872,602$4,581,003$9,812,485
70$14,295,255$6,087,869$4,661,976$10,559,181
71$15,678,597$6,311,400$4,743,378$11,373,679
72$17,200,684$6,543,530$4,825,152$12,262,608
73$18,875,595$6,784,604$4,907,236$13,233,262
74$20,718,841$7,034,984$4,989,563$14,293,671
75$22,747,513$7,295,048$5,072,063$15,452,668
76$24,980,443$7,565,189$5,154,661$16,719,980
77$27,438,381$7,845,816$5,237,275$18,106,310
78$30,144,192$8,137,357$5,319,820$19,623,444
79$33,123,069$8,440,257$5,402,203$21,284,354
80$36,402,772$8,754,981$5,484,328$23,103,322
81$40,013,892$9,082,012$5,566,090$25,096,075
82$43,990,134$9,421,855$5,647,379$27,279,928
83$48,368,640$9,775,039$5,728,078$29,673,945
84$53,190,336$10,142,110$5,808,064$32,299,121
85$58,500,320$10,523,643$5,887,204$35,178,576
86$64,348,287$10,920,236$5,965,359$38,337,770
87$70,788,995$11,332,510$6,042,381$41,804,742
88$77,882,787$11,761,118$6,118,115$45,610,374
89$85,696,155$12,206,736$6,192,396$49,788,677
90$94,302,370$12,670,074$6,265,049$54,377,113
91$103,782,174$13,151,869$6,335,890$59,416,941
92$114,224,537$13,652,893$6,404,724$64,953,610
93$125,727,504$14,173,949$6,471,346$71,037,180
94$138,399,114$14,715,876$6,535,541$77,722,796
95$152,358,421$15,279,552$6,597,079$85,071,201
96$167,736,619$15,865,889$6,655,720$93,149,309
97$184,678,279$16,475,842$6,711,211$102,030,834
98$203,342,713$17,110,408$6,763,286$111,796,979
99$223,905,478$17,770,626$6,811,664$122,537,203
100$246,560,031$18,457,581$6,856,050$134,350,059