Can I retire at age 55 with 3,500,000?

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 $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$289,027$286,452$283,940$281,489$279,095$274,697
2 years$143,083$140,418$137,835$135,331$132,902$128,483
3 years$94,441$91,765$89,188$86,708$84,319$80,016
4 years$70,125$67,457$64,906$62,468$60,137$55,983
5 years$55,539$52,887$50,370$47,982$45,715$41,722
6 years$45,818$43,186$40,706$38,371$36,173$32,346
7 years$38,878$36,268$33,827$31,547$29,418$25,758
8 years$33,674$31,088$28,688$26,464$24,405$20,911
9 years$29,630$27,068$24,709$22,542$20,553$17,224
10 years$26,396$23,859$21,542$19,431$17,512$14,345
11 years$23,752$21,240$18,965$16,911$15,061$12,052
12 years$21,550$19,064$16,831$14,833$13,051$10,197
13 years$19,688$17,228$15,038$13,095$11,381$8,678
14 years$18,094$15,660$13,511$11,625$9,977$7,419
15 years$16,713$14,306$12,199$10,367$8,784$6,369
16 years$15,506$13,125$11,060$9,283$7,763$5,485
17 years$14,443$12,088$10,064$8,340$6,884$4,736
18 years$13,498$11,170$9,187$7,516$6,121$4,100
19 years$12,654$10,352$8,411$6,792$5,455$3,556
20 years$11,895$9,620$7,719$6,151$4,873$3,090
21 years$11,210$8,960$7,100$5,583$4,361$2,688
22 years$10,587$8,364$6,544$5,076$3,909$2,342
23 years$10,020$7,823$6,042$4,623$3,509$2,043
24 years$9,501$7,329$5,588$4,216$3,154$1,784
25 years$9,024$6,878$5,175$3,850$2,838$1,558
26 years$8,584$6,464$4,800$3,521$2,556$1,363
27 years$8,177$6,084$4,457$3,223$2,305$1,192
28 years$7,801$5,733$4,143$2,953$2,080$1,044
29 years$7,451$5,408$3,856$2,708$1,878$914
30 years$7,124$5,107$3,592$2,485$1,697$801
31 years$6,820$4,828$3,348$2,282$1,534$702
32 years$6,535$4,569$3,124$2,097$1,388$615
33 years$6,268$4,326$2,917$1,929$1,256$540
34 years$6,017$4,100$2,725$1,775$1,137$473
35 years$5,781$3,889$2,548$1,634$1,030$415
36 years$5,559$3,691$2,384$1,504$933$365
37 years$5,349$3,506$2,231$1,386$846$320
38 years$5,151$3,332$2,089$1,278$767$281
39 years$4,963$3,168$1,957$1,178$695$247
40 years$4,785$3,014$1,835$1,087$631$217
41 years$4,616$2,869$1,720$1,003$572$190
42 years$4,456$2,733$1,614$925$519$167
43 years$4,304$2,604$1,514$854$471$147
44 years$4,158$2,482$1,421$789$428$129
45 years$4,020$2,367$1,335$728$388$113
46 years$3,888$2,258$1,254$673$352$99
47 years$3,763$2,155$1,178$622$320$87
48 years$3,642$2,057$1,107$574$291$77
49 years$3,527$1,964$1,040$531$264$67
50 years$3,417$1,876$978$491$240$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $3,500,000, adding $3,763 every year, while hoping to spend $57,414 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: 53/37/10 Blend
54$3,500,000$3,500,000$3,500,000$3,500,000
55$3,860,882$3,675,382$3,621,132$4,055,463
56$4,193,603$3,794,387$3,681,351$4,307,114
57$4,558,339$3,917,300$3,741,664$4,574,226
58$4,958,292$4,044,250$3,802,013$4,863,483
59$5,396,993$4,175,374$3,862,336$5,176,993
60$5,878,330$4,310,811$3,922,567$5,517,074
61$6,406,585$4,450,706$3,982,638$5,886,276
62$6,986,474$4,595,208$4,042,475$6,287,406
63$7,623,195$4,744,473$4,101,998$6,723,551
64$8,322,470$4,898,662$4,161,124$7,198,106
65$9,090,605$5,057,939$4,219,765$7,714,810
66$9,934,546$5,222,478$4,277,826$8,277,777
67$10,861,945$5,392,455$4,335,209$8,891,536
68$11,881,232$5,568,054$4,391,807$9,561,070
69$13,001,695$5,749,465$4,447,509$10,291,866
70$14,233,564$5,936,886$4,502,198$11,089,965
71$15,588,114$6,130,520$4,555,748$11,962,017
72$17,077,764$6,330,577$4,608,028$12,915,345
73$18,716,198$6,537,277$4,658,899$13,958,012
74$20,518,492$6,750,846$4,708,213$15,098,894
75$22,501,257$6,971,516$4,755,817$16,347,771
76$24,682,795$7,199,530$4,801,547$17,715,407
77$27,083,271$7,435,138$4,845,230$19,213,661
78$29,724,906$7,678,601$4,886,686$20,855,593
79$32,632,180$7,930,186$4,925,724$22,655,585
80$35,832,069$8,190,172$4,962,143$24,629,481
81$39,354,297$8,458,847$4,995,731$26,794,731
82$43,231,613$8,736,508$5,026,266$29,170,557
83$47,500,105$9,023,465$5,053,513$31,778,131
84$52,199,538$9,320,037$5,077,228$34,640,777
85$57,373,728$9,626,556$5,097,152$37,784,188
86$63,070,954$9,943,363$5,113,013$41,236,670
87$69,344,419$10,270,816$5,124,527$45,029,402
88$76,252,744$10,609,280$5,131,393$49,196,737
89$83,860,527$10,959,138$5,133,297$53,776,518
90$92,238,949$11,320,784$5,129,911$58,810,439
91$101,466,447$11,694,627$5,120,888$64,344,436
92$111,629,452$12,081,091$5,105,865$70,429,116
93$122,823,206$12,480,614$5,084,461$77,120,239
94$135,152,660$12,893,652$5,056,278$84,479,238
95$148,733,467$13,320,676$5,020,898$92,573,800
96$163,693,065$13,762,173$4,977,883$101,478,503
97$180,171,889$14,218,651$4,926,774$111,275,518
98$198,324,690$14,690,634$4,867,089$122,055,384
99$218,321,998$15,178,664$4,798,326$133,917,859
100$240,351,729$15,683,306$4,719,957$146,972,862