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

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 $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$289,027$286,452$283,940$281,489$279,095$274,020
2 years$143,083$140,418$137,835$135,331$132,902$127,808
3 years$94,441$91,765$89,188$86,708$84,319$79,363
4 years$70,125$67,457$64,906$62,468$60,137$55,358
5 years$55,539$52,887$50,370$47,982$45,715$41,127
6 years$45,818$43,186$40,706$38,371$36,173$31,781
7 years$38,878$36,268$33,827$31,547$29,418$25,223
8 years$33,674$31,088$28,688$26,464$24,405$20,406
9 years$29,630$27,068$24,709$22,542$20,553$16,748
10 years$26,396$23,859$21,542$19,431$17,512$13,897
11 years$23,752$21,240$18,965$16,911$15,061$11,632
12 years$21,550$19,064$16,831$14,833$13,051$9,804
13 years$19,688$17,228$15,038$13,095$11,381$8,310
14 years$18,094$15,660$13,511$11,625$9,977$7,077
15 years$16,713$14,306$12,199$10,367$8,784$6,049
16 years$15,506$13,125$11,060$9,283$7,763$5,188
17 years$14,443$12,088$10,064$8,340$6,884$4,461
18 years$13,498$11,170$9,187$7,516$6,121$3,845
19 years$12,654$10,352$8,411$6,792$5,455$3,320
20 years$11,895$9,620$7,719$6,151$4,873$2,872
21 years$11,210$8,960$7,100$5,583$4,361$2,487
22 years$10,587$8,364$6,544$5,076$3,909$2,157
23 years$10,020$7,823$6,042$4,623$3,509$1,873
24 years$9,501$7,329$5,588$4,216$3,154$1,627
25 years$9,024$6,878$5,175$3,850$2,838$1,415
26 years$8,584$6,464$4,800$3,521$2,556$1,231
27 years$8,177$6,084$4,457$3,223$2,305$1,072
28 years$7,801$5,733$4,143$2,953$2,080$934
29 years$7,451$5,408$3,856$2,708$1,878$814
30 years$7,124$5,107$3,592$2,485$1,697$710
31 years$6,820$4,828$3,348$2,282$1,534$619
32 years$6,535$4,569$3,124$2,097$1,388$540
33 years$6,268$4,326$2,917$1,929$1,256$471
34 years$6,017$4,100$2,725$1,775$1,137$411
35 years$5,781$3,889$2,548$1,634$1,030$359
36 years$5,559$3,691$2,384$1,504$933$314
37 years$5,349$3,506$2,231$1,386$846$274
38 years$5,151$3,332$2,089$1,278$767$239
39 years$4,963$3,168$1,957$1,178$695$209
40 years$4,785$3,014$1,835$1,087$631$182
41 years$4,616$2,869$1,720$1,003$572$159
42 years$4,456$2,733$1,614$925$519$139
43 years$4,304$2,604$1,514$854$471$122
44 years$4,158$2,482$1,421$789$428$106
45 years$4,020$2,367$1,335$728$388$93
46 years$3,888$2,258$1,254$673$352$81
47 years$3,763$2,155$1,178$622$320$71
48 years$3,642$2,057$1,107$574$291$62
49 years$3,527$1,964$1,040$531$264$54
50 years$3,417$1,876$978$491$240$47

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 $3,383 every year, while hoping to spend $25,106 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: 49/21/30 Blend
54$3,500,000$3,500,000$3,500,000$3,500,000
55$3,860,490$3,674,990$3,620,740$4,016,516
56$4,227,547$3,828,351$3,715,322$4,279,952
57$4,631,203$3,988,387$3,812,231$4,563,278
58$5,075,163$4,155,396$3,911,519$4,870,644
59$5,563,513$4,329,693$4,013,237$5,204,339
60$6,100,750$4,511,607$4,117,440$5,566,884
61$6,691,833$4,701,482$4,224,181$5,961,047
62$7,342,224$4,899,679$4,333,515$6,389,874
63$8,057,942$5,106,574$4,445,498$6,856,715
64$8,845,617$5,322,561$4,560,187$7,365,257
65$9,712,557$5,548,053$4,677,640$7,919,553
66$10,666,812$5,783,482$4,797,916$8,524,063
67$11,717,253$6,029,299$4,921,073$9,183,697
68$12,873,656$6,285,978$5,047,172$9,903,856
69$14,146,792$6,554,014$5,176,275$10,690,483
70$15,548,528$6,833,924$5,308,443$11,550,122
71$17,091,942$7,126,250$5,443,740$12,489,971
72$18,791,444$7,431,561$5,582,230$13,517,958
73$20,662,914$7,750,449$5,723,977$14,642,808
74$22,723,848$8,083,538$5,869,046$15,874,126
75$24,993,526$8,431,477$6,017,506$17,222,488
76$27,493,195$8,794,949$6,169,421$18,699,537
77$30,246,265$9,174,666$6,324,862$20,318,092
78$33,278,535$9,571,376$6,483,895$22,092,270
79$36,618,432$9,985,859$6,646,592$24,037,615
80$40,297,281$10,418,935$6,813,021$26,171,244
81$44,349,601$10,871,460$6,983,255$28,512,008
82$48,813,430$11,344,332$7,157,364$31,080,667
83$53,730,686$11,838,490$7,335,422$33,900,084
84$59,147,558$12,354,918$7,517,500$36,995,441
85$65,114,945$12,894,645$7,703,673$40,394,471
86$71,688,938$13,458,751$7,894,014$44,127,723
87$78,931,344$14,048,365$8,088,598$48,228,844
88$86,910,275$14,664,668$8,287,500$52,734,897
89$95,700,787$15,308,901$8,490,795$57,686,707
90$105,385,589$15,982,359$8,698,559$63,129,245
91$116,055,826$16,686,401$8,910,868$69,112,049
92$127,811,936$17,422,450$9,127,797$75,689,691
93$140,764,599$18,191,996$9,349,424$82,922,289
94$155,035,783$18,996,598$9,575,824$90,876,071
95$170,759,893$19,837,892$9,807,074$99,623,996
96$188,085,041$20,717,588$10,043,251$109,246,443
97$207,174,446$21,637,481$10,284,430$119,831,965
98$228,207,969$22,599,446$10,530,688$131,478,121
99$251,383,816$23,605,453$10,782,100$144,292,396
100$276,920,406$24,657,561$11,038,741$158,393,209