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

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 $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$305,543$302,821$300,166$297,574$295,043$285,142
2 years$151,259$148,442$145,711$143,064$140,497$130,619
3 years$99,837$97,008$94,285$91,663$89,137$79,593
4 years$74,132$71,311$68,615$66,038$63,573$54,436
5 years$58,713$55,909$53,248$50,723$48,327$39,622
6 years$48,436$45,654$43,033$40,564$38,240$29,972
7 years$41,099$38,340$35,760$33,350$31,099$23,268
8 years$35,599$32,864$30,328$27,976$25,800$18,400
9 years$31,323$28,614$26,121$23,830$21,727$14,749
10 years$27,904$25,222$22,773$20,541$18,513$11,945
11 years$25,109$22,454$20,049$17,877$15,921$9,752
12 years$22,781$20,153$17,793$15,681$13,797$8,012
13 years$20,813$18,213$15,897$13,844$12,031$6,615
14 years$19,128$16,555$14,283$12,289$10,547$5,484
15 years$17,668$15,123$12,896$10,960$9,286$4,562
16 years$16,392$13,875$11,692$9,813$8,207$3,805
17 years$15,268$12,779$10,639$8,817$7,277$3,180
18 years$14,269$11,808$9,712$7,946$6,470$2,663
19 years$13,377$10,944$8,891$7,180$5,767$2,234
20 years$12,575$10,169$8,160$6,503$5,151$1,876
21 years$11,850$9,472$7,506$5,902$4,610$1,577
22 years$11,192$8,842$6,917$5,366$4,132$1,327
23 years$10,593$8,270$6,387$4,887$3,709$1,117
24 years$10,044$7,748$5,907$4,457$3,334$941
25 years$9,539$7,271$5,471$4,070$3,000$793
26 years$9,074$6,834$5,074$3,722$2,702$669
27 years$8,645$6,431$4,712$3,407$2,436$564
28 years$8,246$6,060$4,380$3,121$2,198$476
29 years$7,876$5,717$4,076$2,862$1,985$402
30 years$7,532$5,399$3,797$2,627$1,794$339
31 years$7,210$5,104$3,540$2,413$1,622$287
32 years$6,909$4,830$3,303$2,217$1,467$242
33 years$6,626$4,574$3,084$2,039$1,328$205
34 years$6,361$4,335$2,881$1,876$1,202$173
35 years$6,112$4,111$2,694$1,727$1,089$146
36 years$5,876$3,902$2,520$1,590$986$123
37 years$5,655$3,706$2,359$1,465$894$104
38 years$5,445$3,522$2,209$1,351$810$88
39 years$5,247$3,349$2,069$1,245$735$74
40 years$5,058$3,187$1,940$1,149$667$63
41 years$4,880$3,033$1,819$1,060$605$53
42 years$4,711$2,889$1,706$978$549$45
43 years$4,550$2,753$1,601$903$498$38
44 years$4,396$2,624$1,503$834$452$32
45 years$4,250$2,502$1,411$770$410$27
46 years$4,111$2,387$1,325$711$373$23
47 years$3,978$2,278$1,245$657$338$19
48 years$3,850$2,174$1,170$607$307$16
49 years$3,729$2,076$1,100$561$279$14
50 years$3,612$1,984$1,034$519$253$12

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 $6,193 every year, while hoping to spend $45,434 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: 67/10/23 Blend
54$3,700,000$3,700,000$3,700,000$3,700,000
55$4,083,788$3,887,688$3,830,338$4,333,016
56$4,451,993$4,029,843$3,910,313$4,643,229
57$4,856,232$4,177,442$3,991,444$4,976,587
58$5,300,133$4,330,701$4,073,723$5,340,098
59$5,787,691$4,489,851$4,157,137$5,736,736
60$6,323,310$4,655,127$4,241,675$6,169,772
61$6,911,837$4,826,778$4,327,321$6,642,810
62$7,558,616$5,005,062$4,414,058$7,159,816
63$8,269,532$5,190,247$4,501,866$7,725,161
64$9,051,070$5,382,615$4,590,724$8,343,656
65$9,910,373$5,582,457$4,680,607$9,020,601
66$10,855,312$5,790,078$4,771,489$9,761,833
67$11,894,558$6,005,796$4,863,338$10,573,779
68$13,037,665$6,229,942$4,956,122$11,463,523
69$14,295,160$6,462,863$5,049,805$12,438,863
70$15,678,641$6,704,917$5,144,348$13,508,391
71$17,200,886$6,956,482$5,239,707$14,681,572
72$18,875,975$7,217,948$5,335,836$15,968,832
73$20,719,422$7,489,725$5,432,684$17,381,656
74$22,748,321$7,772,240$5,530,197$18,932,697
75$24,981,506$8,065,936$5,628,315$20,635,894
76$27,439,731$8,371,278$5,726,975$22,506,605
77$30,145,864$8,688,751$5,826,109$24,561,748
78$33,125,101$9,018,859$5,925,643$26,819,962
79$36,405,208$9,362,130$6,025,499$29,301,786
80$40,016,779$9,719,113$6,125,592$32,029,844
81$43,993,524$10,090,383$6,225,833$35,029,068
82$48,372,590$10,476,539$6,326,125$38,326,923
83$53,194,911$10,878,206$6,426,367$41,953,674
84$58,505,590$11,296,037$6,526,449$45,942,667
85$64,354,330$11,730,712$6,626,255$50,330,641
86$70,795,899$12,182,944$6,725,661$55,158,080
87$77,890,646$12,653,474$6,824,536$60,469,589
88$85,705,075$13,143,077$6,922,741$66,314,320
89$94,312,467$13,652,562$7,020,127$72,746,429
90$103,793,575$14,182,775$7,116,539$79,825,591
91$114,237,386$14,734,597$7,211,809$87,617,560
92$125,741,957$15,308,949$7,305,762$96,194,792
93$138,415,343$15,906,794$7,398,211$105,637,127
94$152,376,618$16,529,137$7,488,961$116,032,537
95$167,756,994$17,177,025$7,577,802$127,477,966
96$184,701,064$17,851,557$7,664,515$140,080,235
97$203,368,164$18,553,875$7,748,868$153,957,052
98$223,933,878$19,285,175$7,830,616$169,238,126
99$246,591,692$20,046,708$7,909,501$186,066,386
100$271,554,826$20,839,777$7,985,250$204,599,333