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%13.3%
1 years$297,285$294,637$292,053$289,531$287,069$283,130
2 years$147,171$144,430$141,773$139,198$136,700$132,738
3 years$97,139$94,386$91,737$89,185$86,728$82,867
4 years$72,128$69,384$66,761$64,253$61,855$58,124
5 years$57,126$54,398$51,809$49,352$47,021$43,432
6 years$47,127$44,420$41,869$39,468$37,206$33,762
7 years$39,988$37,304$34,794$32,448$30,259$26,961
8 years$34,637$31,976$29,508$27,220$25,102$21,951
9 years$30,476$27,841$25,415$23,186$21,140$18,134
10 years$27,150$24,541$22,157$19,986$18,012$15,149
11 years$24,430$21,847$19,507$17,394$15,491$12,768
12 years$22,165$19,609$17,312$15,257$13,424$10,837
13 years$20,251$17,721$15,467$13,470$11,706$9,253
14 years$18,611$16,107$13,897$11,957$10,262$7,938
15 years$17,191$14,714$12,547$10,663$9,035$6,837
16 years$15,949$13,500$11,376$9,548$7,985$5,908
17 years$14,855$12,433$10,352$8,579$7,080$5,120
18 years$13,884$11,489$9,450$7,731$6,295$4,448
19 years$13,016$10,648$8,651$6,986$5,611$3,872
20 years$12,235$9,894$7,939$6,327$5,012$3,377
21 years$11,530$9,216$7,303$5,742$4,485$2,950
22 years$10,890$8,603$6,731$5,221$4,020$2,580
23 years$10,306$8,046$6,214$4,755$3,609$2,259
24 years$9,772$7,539$5,747$4,337$3,244$1,980
25 years$9,281$7,075$5,323$3,960$2,919$1,736
26 years$8,829$6,649$4,937$3,621$2,629$1,524
27 years$8,411$6,258$4,584$3,315$2,371$1,339
28 years$8,024$5,897$4,262$3,037$2,139$1,177
29 years$7,664$5,563$3,966$2,785$1,931$1,035
30 years$7,328$5,253$3,694$2,556$1,745$911
31 years$7,015$4,966$3,444$2,347$1,578$801
32 years$6,722$4,699$3,213$2,157$1,427$706
33 years$6,447$4,450$3,000$1,984$1,292$621
34 years$6,189$4,218$2,803$1,825$1,169$547
35 years$5,946$4,000$2,621$1,680$1,059$482
36 years$5,718$3,797$2,452$1,547$960$425
37 years$5,502$3,606$2,295$1,426$870$375
38 years$5,298$3,427$2,149$1,314$789$330
39 years$5,105$3,259$2,013$1,212$715$291
40 years$4,922$3,101$1,887$1,118$649$257
41 years$4,748$2,951$1,770$1,031$588$226
42 years$4,583$2,811$1,660$952$534$200
43 years$4,427$2,678$1,558$878$485$176
44 years$4,277$2,553$1,462$811$440$155
45 years$4,135$2,434$1,373$749$399$137
46 years$3,999$2,322$1,289$692$363$121
47 years$3,870$2,216$1,211$639$329$107
48 years$3,746$2,116$1,138$591$299$94
49 years$3,628$2,020$1,070$546$272$83
50 years$3,515$1,930$1,006$505$247$73

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 $2,918 every year, while hoping to spend $47,832 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: 71/5/24 Blend
54$3,600,000$3,600,000$3,600,000$3,600,000
55$3,970,210$3,779,410$3,723,610$4,227,956
56$4,324,278$3,913,708$3,797,458$4,534,817
57$4,712,859$4,052,984$3,872,177$4,864,821
58$5,139,421$4,197,430$3,947,745$5,225,029
59$5,607,786$4,347,249$4,024,139$5,618,436
60$6,122,166$4,502,650$4,101,333$6,048,340
61$6,687,197$4,663,850$4,179,298$6,518,376
62$7,307,990$4,831,077$4,258,003$7,032,545
63$7,990,172$5,004,567$4,337,413$7,595,254
64$8,739,945$5,184,566$4,417,492$8,211,361
65$9,564,140$5,371,331$4,498,199$8,886,212
66$10,470,284$5,565,128$4,579,490$9,625,701
67$11,466,669$5,766,234$4,661,319$10,436,318
68$12,562,429$5,974,940$4,743,634$11,325,215
69$13,767,632$6,191,547$4,826,380$12,300,267
70$15,093,366$6,416,369$4,909,499$13,370,156
71$16,551,850$6,649,731$4,992,928$14,544,442
72$18,156,547$6,891,976$5,076,599$15,833,660
73$19,922,289$7,143,458$5,160,440$17,249,416
74$21,865,421$7,404,546$5,244,374$18,804,500
75$24,003,952$7,675,626$5,328,318$20,513,001
76$26,357,722$7,957,099$5,412,183$22,390,442
77$28,948,596$8,249,383$5,495,878$24,453,931
78$31,800,664$8,552,914$5,579,301$26,722,314
79$34,940,471$8,868,147$5,662,348$29,216,358
80$38,397,268$9,195,554$5,744,904$31,958,945
81$42,203,282$9,535,630$5,826,852$34,975,290
82$46,394,030$9,888,888$5,908,064$38,293,176
83$51,008,643$10,255,866$5,988,406$41,943,215
84$56,090,243$10,637,121$6,067,736$45,959,141
85$61,686,345$11,033,238$6,145,903$50,378,126
86$67,849,309$11,444,824$6,222,748$55,241,127
87$74,636,831$11,872,513$6,298,102$60,593,280
88$82,112,488$12,316,965$6,371,788$66,484,319
89$90,346,336$12,778,871$6,443,618$72,969,049
90$99,415,575$13,258,949$6,513,392$80,107,860
91$109,405,275$13,757,949$6,580,902$87,967,300
92$120,409,178$14,276,653$6,645,927$96,620,703
93$132,530,583$14,815,878$6,708,234$106,148,875
94$145,883,321$15,376,474$6,767,578$116,640,866
95$160,592,828$15,959,330$6,823,701$128,194,802
96$176,797,331$16,565,372$6,876,330$140,918,816
97$194,649,151$17,195,567$6,925,179$154,932,067
98$214,316,139$17,850,924$6,969,947$170,365,863
99$235,983,262$18,532,497$7,010,317$187,364,905
100$259,854,349$19,241,383$7,045,956$206,088,645