Can I retire at age 55 with 3,700,000?

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 $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$305,543$302,821$300,166$297,574$295,043$288,497
2 years$151,259$148,442$145,711$143,064$140,497$133,935
3 years$99,837$97,008$94,285$91,663$89,137$82,765
4 years$74,132$71,311$68,615$66,038$63,573$57,441
5 years$58,713$55,909$53,248$50,723$48,327$42,451
6 years$48,436$45,654$43,033$40,564$38,240$32,626
7 years$41,099$38,340$35,760$33,350$31,099$25,749
8 years$35,599$32,864$30,328$27,976$25,800$20,711
9 years$31,323$28,614$26,121$23,830$21,727$16,896
10 years$27,904$25,222$22,773$20,541$18,513$13,934
11 years$25,109$22,454$20,049$17,877$15,921$11,589
12 years$22,781$20,153$17,793$15,681$13,797$9,705
13 years$20,813$18,213$15,897$13,844$12,031$8,172
14 years$19,128$16,555$14,283$12,289$10,547$6,912
15 years$17,668$15,123$12,896$10,960$9,286$5,867
16 years$16,392$13,875$11,692$9,813$8,207$4,996
17 years$15,268$12,779$10,639$8,817$7,277$4,266
18 years$14,269$11,808$9,712$7,946$6,470$3,650
19 years$13,377$10,944$8,891$7,180$5,767$3,128
20 years$12,575$10,169$8,160$6,503$5,151$2,686
21 years$11,850$9,472$7,506$5,902$4,610$2,309
22 years$11,192$8,842$6,917$5,366$4,132$1,987
23 years$10,593$8,270$6,387$4,887$3,709$1,711
24 years$10,044$7,748$5,907$4,457$3,334$1,475
25 years$9,539$7,271$5,471$4,070$3,000$1,273
26 years$9,074$6,834$5,074$3,722$2,702$1,099
27 years$8,645$6,431$4,712$3,407$2,436$949
28 years$8,246$6,060$4,380$3,121$2,198$820
29 years$7,876$5,717$4,076$2,862$1,985$709
30 years$7,532$5,399$3,797$2,627$1,794$613
31 years$7,210$5,104$3,540$2,413$1,622$530
32 years$6,909$4,830$3,303$2,217$1,467$459
33 years$6,626$4,574$3,084$2,039$1,328$397
34 years$6,361$4,335$2,881$1,876$1,202$344
35 years$6,112$4,111$2,694$1,727$1,089$297
36 years$5,876$3,902$2,520$1,590$986$257
37 years$5,655$3,706$2,359$1,465$894$223
38 years$5,445$3,522$2,209$1,351$810$193
39 years$5,247$3,349$2,069$1,245$735$167
40 years$5,058$3,187$1,940$1,149$667$145
41 years$4,880$3,033$1,819$1,060$605$125
42 years$4,711$2,889$1,706$978$549$109
43 years$4,550$2,753$1,601$903$498$94
44 years$4,396$2,624$1,503$834$452$82
45 years$4,250$2,502$1,411$770$410$71
46 years$4,111$2,387$1,325$711$373$61
47 years$3,978$2,278$1,245$657$338$53
48 years$3,850$2,174$1,170$607$307$46
49 years$3,729$2,076$1,100$561$279$40
50 years$3,612$1,984$1,034$519$253$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $3,700,000, adding $2,132 every year, while hoping to spend $44,776 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: 53/25/22 Blend
54$3,700,000$3,700,000$3,700,000$3,700,000
55$4,079,599$3,883,499$3,826,149$4,270,968
56$4,448,077$4,026,149$3,906,684$4,545,574
57$4,852,639$4,174,289$3,988,416$4,839,406
58$5,296,918$4,328,139$4,071,338$5,158,207
59$5,784,917$4,487,931$4,155,441$5,504,373
60$6,321,045$4,653,906$4,240,714$5,880,541
61$6,910,158$4,826,314$4,327,146$6,289,610
62$7,557,610$5,005,419$4,414,720$6,734,771
63$8,269,293$5,191,491$4,503,420$7,219,536
64$9,051,704$5,384,817$4,593,227$7,747,767
65$9,911,997$5,585,693$4,684,120$8,323,717
66$10,858,056$5,794,427$4,776,073$8,952,067
67$11,898,567$6,011,343$4,869,061$9,637,967
68$13,043,099$6,236,777$4,963,053$10,387,089
69$14,302,196$6,471,080$5,058,016$11,205,676
70$15,687,475$6,714,618$5,153,915$12,100,600
71$17,211,736$6,967,773$5,250,709$13,079,428
72$18,889,081$7,230,942$5,348,357$14,150,493
73$20,735,051$7,504,542$5,446,810$15,322,969
74$22,766,768$7,789,006$5,546,020$16,606,958
75$25,003,097$8,084,786$5,645,930$18,013,587
76$27,464,826$8,392,354$5,746,482$19,555,106
77$30,174,861$8,712,202$5,847,612$21,245,009
78$33,158,442$9,044,845$5,949,251$23,098,156
79$36,443,378$9,390,817$6,051,327$25,130,915
80$40,060,315$9,750,680$6,153,759$27,361,313
81$44,043,021$10,125,017$6,256,464$29,809,207
82$48,428,705$10,514,439$6,359,351$32,496,468
83$53,258,367$10,919,580$6,462,323$35,447,190
84$58,577,187$11,341,106$6,565,278$38,687,909
85$64,434,951$11,779,711$6,668,105$42,247,862
86$70,886,517$12,236,119$6,770,688$46,159,253
87$77,992,339$12,711,085$6,872,903$50,457,560
88$85,819,029$13,205,400$6,974,617$55,181,867
89$94,439,993$13,719,888$7,075,689$60,375,231
90$103,936,119$14,255,409$7,175,972$66,085,087
91$114,396,542$14,812,863$7,275,306$72,363,697
92$125,919,485$15,393,189$7,373,524$79,268,637
93$138,613,185$15,997,367$7,470,449$86,863,341
94$152,596,914$16,626,423$7,565,894$95,217,697
95$168,002,107$17,281,425$7,659,659$104,408,707
96$184,973,599$17,963,492$7,751,535$114,521,210
97$203,670,995$18,673,792$7,841,300$125,648,679
98$224,270,173$19,413,545$7,928,720$137,894,106
99$246,964,946$20,184,024$8,013,548$151,370,967
100$271,968,892$20,986,562$8,095,523$166,204,296