Can I retire at age 55 with 3,800,000?

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 $3,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$313,800$311,005$308,278$305,616$303,017$297,752
2 years$155,347$152,454$149,650$146,931$144,294$139,007
3 years$102,536$99,630$96,833$94,140$91,546$86,401
4 years$76,135$73,239$70,470$67,823$65,291$60,328
5 years$60,299$57,420$54,687$52,094$49,633$44,867
6 years$49,745$46,888$44,196$41,660$39,273$34,708
7 years$42,210$39,376$36,727$34,251$31,940$27,578
8 years$36,561$33,753$31,147$28,732$26,497$22,337
9 years$32,169$29,388$26,827$24,474$22,314$18,354
10 years$28,658$25,904$23,388$21,097$19,013$15,249
11 years$25,787$23,061$20,591$18,360$16,352$12,779
12 years$23,397$20,698$18,274$16,104$14,170$10,785
13 years$21,376$18,705$16,326$14,218$12,357$9,154
14 years$19,645$17,002$14,669$12,621$10,832$7,805
15 years$18,146$15,532$13,244$11,256$9,537$6,681
16 years$16,835$14,250$12,008$10,078$8,429$5,738
17 years$15,681$13,124$10,927$9,055$7,474$4,941
18 years$14,655$12,127$9,975$8,161$6,645$4,265
19 years$13,739$11,239$9,131$7,374$5,923$3,688
20 years$12,915$10,444$8,380$6,678$5,291$3,195
21 years$12,171$9,728$7,708$6,061$4,734$2,772
22 years$11,495$9,081$7,104$5,511$4,244$2,407
23 years$10,879$8,493$6,560$5,019$3,809$2,093
24 years$10,315$7,958$6,067$4,578$3,424$1,822
25 years$9,797$7,468$5,619$4,180$3,081$1,587
26 years$9,320$7,019$5,211$3,822$2,775$1,383
27 years$8,878$6,605$4,839$3,499$2,502$1,206
28 years$8,469$6,224$4,499$3,206$2,258$1,052
29 years$8,089$5,872$4,186$2,940$2,039$919
30 years$7,735$5,545$3,899$2,698$1,842$802
31 years$7,405$5,242$3,635$2,478$1,665$701
32 years$7,095$4,960$3,392$2,277$1,507$612
33 years$6,805$4,697$3,167$2,094$1,363$535
34 years$6,533$4,452$2,959$1,927$1,234$468
35 years$6,277$4,223$2,766$1,774$1,118$409
36 years$6,035$4,008$2,588$1,633$1,013$358
37 years$5,807$3,807$2,422$1,505$918$313
38 years$5,592$3,618$2,268$1,387$832$274
39 years$5,388$3,440$2,125$1,279$755$240
40 years$5,195$3,273$1,992$1,180$685$210
41 years$5,012$3,115$1,868$1,088$621$184
42 years$4,838$2,967$1,752$1,005$564$161
43 years$4,672$2,827$1,644$927$512$141
44 years$4,515$2,695$1,543$856$464$123
45 years$4,365$2,570$1,449$791$421$108
46 years$4,222$2,451$1,361$730$383$94
47 years$4,085$2,339$1,279$675$348$83
48 years$3,954$2,233$1,202$624$316$72
49 years$3,830$2,133$1,129$576$287$63
50 years$3,710$2,037$1,062$533$260$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $3,800,000, adding $4,742 every year, while hoping to spend $45,212 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: 37/49/14 Blend
54$3,800,000$3,800,000$3,800,000$3,800,000
55$4,192,491$3,991,091$3,932,191$4,329,531
56$4,572,020$4,138,550$4,015,815$4,575,696
57$4,988,746$4,291,718$4,100,724$4,836,728
58$5,446,414$4,450,829$4,186,914$5,117,697
59$5,949,153$4,616,123$4,274,380$5,420,409
60$6,501,507$4,787,854$4,363,113$5,746,847
61$7,108,487$4,966,285$4,453,103$6,099,186
62$7,775,608$5,151,689$4,544,338$6,479,816
63$8,508,951$5,344,353$4,636,804$6,891,361
64$9,315,213$5,544,574$4,730,485$7,336,701
65$10,201,770$5,752,664$4,825,363$7,819,004
66$11,176,754$5,968,948$4,921,415$8,341,746
67$12,249,119$6,193,763$5,018,619$8,908,752
68$13,428,735$6,427,463$5,116,948$9,524,221
69$14,726,473$6,670,415$5,216,373$10,192,772
70$16,154,312$6,923,004$5,316,860$10,919,483
71$17,725,451$7,185,631$5,418,375$11,709,936
72$19,454,434$7,458,714$5,520,877$12,570,270
73$21,357,284$7,742,688$5,624,324$13,507,237
74$23,451,657$8,038,011$5,728,670$14,528,263
75$25,757,009$8,345,156$5,833,862$15,641,519
76$28,294,774$8,664,619$5,939,847$16,855,992
77$31,088,574$8,996,918$6,046,565$18,181,569
78$34,164,436$9,342,594$6,153,952$19,629,132
79$37,551,037$9,702,210$6,261,938$21,210,655
80$41,279,979$10,076,354$6,370,449$22,939,314
81$45,386,083$10,465,642$6,479,406$24,829,611
82$49,907,720$10,870,715$6,588,722$26,897,511
83$54,887,170$11,292,242$6,698,307$29,160,582
84$60,371,022$11,730,924$6,808,061$31,638,168
85$66,410,617$12,187,489$6,917,882$34,351,561
86$73,062,525$12,662,702$7,027,656$37,324,205
87$80,389,086$13,157,357$7,137,266$40,581,910
88$88,458,993$13,672,288$7,246,584$44,153,093
89$97,347,942$14,208,362$7,355,477$48,069,048
90$107,139,348$14,766,487$7,463,801$52,364,231
91$117,925,127$15,347,610$7,571,403$57,076,586
92$129,806,568$15,952,722$7,678,124$62,247,898
93$142,895,289$16,582,856$7,783,792$67,924,185
94$157,314,285$17,239,093$7,888,226$74,156,126
95$173,199,095$17,922,561$7,991,234$80,999,540
96$190,699,076$18,634,440$8,092,614$88,515,901
97$209,978,817$19,375,962$8,192,151$96,772,922
98$231,219,686$20,148,414$8,289,618$105,845,184
99$254,621,549$20,953,141$8,384,776$115,814,836
100$280,404,652$21,791,550$8,477,371$126,772,369