Can I retire at age 55 with 3,100,000?

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 $3,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$255,995$253,715$251,490$249,319$247,198$244,923
2 years$126,730$124,370$122,083$119,865$117,714$115,421
3 years$83,648$81,277$78,996$76,799$74,682$72,443
4 years$62,110$59,747$57,489$55,329$53,264$51,096
5 years$49,192$46,843$44,613$42,498$40,490$38,400
6 years$40,582$38,251$36,054$33,986$32,039$30,029
7 years$34,434$32,123$29,961$27,942$26,056$24,127
8 years$29,826$27,535$25,410$23,440$21,616$19,768
9 years$26,243$23,974$21,885$19,965$18,204$16,436
10 years$23,379$21,132$19,080$17,210$15,511$13,822
11 years$21,037$18,813$16,798$14,978$13,340$11,729
12 years$19,087$16,885$14,908$13,138$11,560$10,026
13 years$17,438$15,259$13,319$11,599$10,080$8,621
14 years$16,026$13,870$11,967$10,296$8,836$7,450
15 years$14,803$12,671$10,805$9,182$7,780$6,465
16 years$13,734$11,625$9,796$8,222$6,876$5,629
17 years$12,792$10,706$8,914$7,387$6,097$4,917
18 years$11,956$9,893$8,137$6,657$5,421$4,305
19 years$11,208$9,169$7,449$6,015$4,832$3,778
20 years$10,536$8,520$6,837$5,448$4,316$3,321
21 years$9,929$7,936$6,288$4,945$3,862$2,925
22 years$9,377$7,408$5,796$4,496$3,462$2,579
23 years$8,875$6,929$5,351$4,094$3,108$2,277
24 years$8,415$6,492$4,949$3,734$2,793$2,013
25 years$7,992$6,092$4,584$3,410$2,514$1,781
26 years$7,603$5,726$4,251$3,118$2,264$1,577
27 years$7,243$5,389$3,948$2,854$2,041$1,398
28 years$6,909$5,078$3,670$2,615$1,842$1,239
29 years$6,599$4,790$3,415$2,398$1,663$1,100
30 years$6,310$4,524$3,181$2,201$1,503$976
31 years$6,041$4,276$2,966$2,021$1,359$867
32 years$5,788$4,046$2,767$1,858$1,229$770
33 years$5,552$3,832$2,584$1,708$1,112$685
34 years$5,329$3,632$2,414$1,572$1,007$609
35 years$5,120$3,445$2,257$1,447$912$541
36 years$4,924$3,270$2,111$1,333$826$481
37 years$4,738$3,105$1,976$1,228$749$428
38 years$4,562$2,951$1,850$1,132$679$381
39 years$4,396$2,806$1,734$1,043$616$339
40 years$4,238$2,670$1,625$962$559$302
41 years$4,089$2,542$1,524$888$507$269
42 years$3,947$2,420$1,429$819$460$239
43 years$3,812$2,306$1,341$756$417$213
44 years$3,683$2,198$1,259$698$379$190
45 years$3,561$2,096$1,182$645$344$169
46 years$3,444$2,000$1,110$596$312$151
47 years$3,333$1,908$1,043$550$283$134
48 years$3,226$1,822$980$509$257$120
49 years$3,124$1,740$921$470$234$106
50 years$3,027$1,662$866$435$212$95

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $3,100,000, adding $5,404 every year, while hoping to spend $43,073 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: 49/37/14 Blend
54$3,100,000$3,100,000$3,100,000$3,100,000
55$3,421,774$3,257,474$3,209,424$3,575,979
56$3,724,966$3,371,261$3,271,111$3,796,528
57$4,057,639$3,489,180$3,333,420$4,031,054
58$4,422,757$3,611,388$3,396,327$4,284,852
59$4,823,580$3,738,048$3,459,806$4,559,746
60$5,263,702$3,869,330$3,523,827$4,857,736
61$5,747,083$4,005,410$3,588,359$5,181,025
62$6,278,083$4,146,472$3,653,366$5,532,034
63$6,861,506$4,292,708$3,718,813$5,913,425
64$7,502,645$4,444,316$3,784,658$6,328,129
65$8,207,329$4,601,502$3,850,859$6,779,366
66$8,981,983$4,764,482$3,917,369$7,270,683
67$9,833,683$4,933,479$3,984,138$7,805,982
68$10,770,226$5,108,727$4,051,114$8,389,554
69$11,800,202$5,290,468$4,118,239$9,026,124
70$12,933,075$5,478,953$4,185,452$9,720,891
71$14,179,272$5,674,445$4,252,689$10,479,580
72$15,550,283$5,877,218$4,319,879$11,308,490
73$17,058,766$6,087,555$4,386,948$12,214,555
74$18,718,668$6,305,753$4,453,819$13,205,412
75$20,545,357$6,532,120$4,520,407$14,289,466
76$22,555,766$6,766,977$4,586,623$15,475,971
77$24,768,552$7,010,657$4,652,373$16,775,120
78$27,204,274$7,263,508$4,717,557$18,198,133
79$29,885,583$7,525,893$4,782,069$19,757,368
80$32,837,440$7,798,189$4,845,795$21,466,433
81$36,087,347$8,080,789$4,908,618$23,340,314
82$39,665,610$8,374,101$4,970,410$25,395,517
83$43,605,622$8,678,552$5,031,039$27,650,219
84$47,944,181$8,994,586$5,090,364$30,124,443
85$52,721,832$9,322,666$5,148,236$32,840,241
86$57,983,255$9,663,273$5,204,498$35,821,902
87$63,777,682$10,016,909$5,258,984$39,096,184
88$70,159,366$10,384,097$5,311,520$42,692,559
89$77,188,087$10,765,383$5,361,921$46,643,492
90$84,929,720$11,161,335$5,409,994$50,984,748
91$93,456,855$11,572,545$5,455,533$55,755,724
92$102,849,484$11,999,629$5,498,323$60,999,823
93$113,195,752$12,443,232$5,538,137$66,764,857
94$124,592,791$12,904,023$5,574,737$73,103,504
95$137,147,637$13,382,701$5,607,872$80,073,796
96$150,978,239$13,879,996$5,637,279$87,739,666
97$166,214,570$14,396,667$5,662,678$96,171,554
98$182,999,859$14,933,506$5,683,781$105,447,066
99$201,491,936$15,491,339$5,700,279$115,651,703
100$221,864,727$16,071,029$5,711,852$126,879,671