Can I retire at age 55 with 3,600,000?

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 $3,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$297,285$294,637$292,053$289,531$287,069$281,043
2 years$147,171$144,430$141,773$139,198$136,700$130,657
3 years$97,139$94,386$91,737$89,185$86,728$80,857
4 years$72,128$69,384$66,761$64,253$61,855$56,201
5 years$57,126$54,398$51,809$49,352$47,021$41,601
6 years$47,127$44,420$41,869$39,468$37,206$32,025
7 years$39,988$37,304$34,794$32,448$30,259$25,317
8 years$34,637$31,976$29,508$27,220$25,102$20,399
9 years$30,476$27,841$25,415$23,186$21,140$16,672
10 years$27,150$24,541$22,157$19,986$18,012$13,775
11 years$24,430$21,847$19,507$17,394$15,491$11,479
12 years$22,165$19,609$17,312$15,257$13,424$9,631
13 years$20,251$17,721$15,467$13,470$11,706$8,126
14 years$18,611$16,107$13,897$11,957$10,262$6,887
15 years$17,191$14,714$12,547$10,663$9,035$5,858
16 years$15,949$13,500$11,376$9,548$7,985$4,999
17 years$14,855$12,433$10,352$8,579$7,080$4,277
18 years$13,884$11,489$9,450$7,731$6,295$3,668
19 years$13,016$10,648$8,651$6,986$5,611$3,151
20 years$12,235$9,894$7,939$6,327$5,012$2,711
21 years$11,530$9,216$7,303$5,742$4,485$2,336
22 years$10,890$8,603$6,731$5,221$4,020$2,015
23 years$10,306$8,046$6,214$4,755$3,609$1,740
24 years$9,772$7,539$5,747$4,337$3,244$1,503
25 years$9,281$7,075$5,323$3,960$2,919$1,300
26 years$8,829$6,649$4,937$3,621$2,629$1,125
27 years$8,411$6,258$4,584$3,315$2,371$974
28 years$8,024$5,897$4,262$3,037$2,139$844
29 years$7,664$5,563$3,966$2,785$1,931$731
30 years$7,328$5,253$3,694$2,556$1,745$634
31 years$7,015$4,966$3,444$2,347$1,578$550
32 years$6,722$4,699$3,213$2,157$1,427$477
33 years$6,447$4,450$3,000$1,984$1,292$413
34 years$6,189$4,218$2,803$1,825$1,169$359
35 years$5,946$4,000$2,621$1,680$1,059$311
36 years$5,718$3,797$2,452$1,547$960$270
37 years$5,502$3,606$2,295$1,426$870$235
38 years$5,298$3,427$2,149$1,314$789$204
39 years$5,105$3,259$2,013$1,212$715$177
40 years$4,922$3,101$1,887$1,118$649$154
41 years$4,748$2,951$1,770$1,031$588$133
42 years$4,583$2,811$1,660$952$534$116
43 years$4,427$2,678$1,558$878$485$101
44 years$4,277$2,553$1,462$811$440$87
45 years$4,135$2,434$1,373$749$399$76
46 years$3,999$2,322$1,289$692$363$66
47 years$3,870$2,216$1,211$639$329$57
48 years$3,746$2,116$1,138$591$299$50
49 years$3,628$2,020$1,070$546$272$43
50 years$3,515$1,930$1,006$505$247$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $3,600,000, adding $5,206 every year, while hoping to spend $53,052 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: 54/18/28 Blend
54$3,600,000$3,600,000$3,600,000$3,600,000
55$3,972,570$3,781,770$3,725,970$4,155,898
56$4,321,325$3,910,630$3,794,343$4,412,083
57$4,703,875$4,044,026$3,863,229$4,684,983
58$5,123,612$4,182,124$3,932,588$4,981,041
59$5,584,269$4,325,097$4,002,378$5,302,500
60$6,089,962$4,473,124$4,072,556$5,651,829
61$6,645,223$4,626,392$4,143,071$6,031,747
62$7,255,044$4,785,094$4,213,872$6,445,246
63$7,924,925$4,949,430$4,284,903$6,895,620
64$8,660,925$5,119,609$4,356,105$7,386,499
65$9,469,718$5,295,849$4,427,413$7,921,875
66$10,358,657$5,478,373$4,498,760$8,506,148
67$11,335,843$5,667,417$4,570,072$9,144,161
68$12,410,202$5,863,223$4,641,271$9,841,249
69$13,591,565$6,066,044$4,712,277$10,603,288
70$14,890,766$6,276,141$4,783,000$11,436,748
71$16,319,741$6,493,789$4,853,347$12,348,757
72$17,891,640$6,719,270$4,923,219$13,347,165
73$19,620,953$6,952,879$4,992,512$14,440,620
74$21,523,642$7,194,923$5,061,114$15,638,648
75$23,617,299$7,445,719$5,128,906$16,951,742
76$25,921,303$7,705,599$5,195,764$18,391,462
77$28,457,009$7,974,907$5,261,556$19,970,542
78$31,247,948$8,254,000$5,326,141$21,703,011
79$34,320,043$8,543,252$5,389,372$23,604,326
80$37,701,865$8,843,048$5,451,093$25,691,514
81$41,424,888$9,153,791$5,511,138$27,983,336
82$45,523,800$9,475,899$5,569,334$30,500,461
83$50,036,818$9,809,809$5,625,497$33,265,660
84$55,006,056$10,155,972$5,679,434$36,304,026
85$60,477,919$10,514,860$5,730,940$39,643,203
86$66,503,541$10,886,962$5,779,801$43,313,650
87$73,139,268$11,272,790$5,825,790$47,348,930
88$80,447,189$11,672,872$5,868,670$51,786,020
89$88,495,721$12,087,761$5,908,189$56,665,667
90$97,360,255$12,518,032$5,944,083$62,032,768
91$107,123,867$12,964,282$5,976,077$67,936,791
92$117,878,104$13,427,134$6,003,877$74,432,249
93$129,723,842$13,907,234$6,027,178$81,579,204
94$142,772,243$14,405,259$6,045,659$89,443,842
95$157,145,804$14,921,908$6,058,980$98,099,092
96$172,979,507$15,457,913$6,066,787$107,625,317
97$190,422,101$16,014,035$6,068,708$118,111,069
98$209,637,497$16,591,065$6,064,352$129,653,926
99$230,806,323$17,189,828$6,053,309$142,361,413
100$254,127,622$17,811,183$6,035,149$156,352,015