Can I retire at age 55 with 3,200,000?

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 $3,200,000?

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$264,253$261,899$259,603$257,361$255,172$250,739
2 years$130,818$128,382$126,021$123,731$121,511$117,058
3 years$86,346$83,899$81,544$79,276$77,091$72,759
4 years$64,114$61,675$59,343$57,114$54,982$50,803
5 years$50,778$48,354$46,053$43,869$41,797$37,783
6 years$41,891$39,484$37,217$35,082$33,072$29,228
7 years$35,545$33,159$30,928$28,843$26,897$23,223
8 years$30,788$28,423$26,229$24,196$22,313$18,810
9 years$27,090$24,748$22,591$20,609$18,791$15,456
10 years$24,133$21,814$19,696$17,766$16,011$12,841
11 years$21,716$19,420$17,340$15,461$13,770$10,762
12 years$19,703$17,430$15,388$13,562$11,933$9,082
13 years$18,000$15,752$13,749$11,973$10,406$7,708
14 years$16,543$14,318$12,353$10,628$9,121$6,573
15 years$15,281$13,080$11,153$9,478$8,031$5,626
16 years$14,177$12,000$10,112$8,487$7,098$4,832
17 years$13,205$11,052$9,202$7,625$6,294$4,161
18 years$12,341$10,212$8,400$6,872$5,596$3,591
19 years$11,569$9,465$7,690$6,210$4,988$3,106
20 years$10,876$8,795$7,057$5,624$4,455$2,690
21 years$10,249$8,192$6,491$5,104$3,987$2,334
22 years$9,680$7,647$5,983$4,641$3,574$2,027
23 years$9,161$7,152$5,524$4,226$3,208$1,763
24 years$8,686$6,701$5,109$3,855$2,883$1,534
25 years$8,250$6,289$4,732$3,520$2,595$1,336
26 years$7,848$5,910$4,388$3,219$2,337$1,165
27 years$7,477$5,562$4,075$2,946$2,107$1,016
28 years$7,132$5,241$3,788$2,699$1,901$886
29 years$6,812$4,945$3,525$2,475$1,717$774
30 years$6,514$4,670$3,284$2,272$1,551$676
31 years$6,235$4,414$3,061$2,087$1,402$590
32 years$5,975$4,177$2,856$1,918$1,269$516
33 years$5,731$3,956$2,667$1,763$1,148$451
34 years$5,501$3,749$2,492$1,622$1,039$394
35 years$5,286$3,556$2,330$1,494$942$345
36 years$5,082$3,375$2,179$1,376$853$301
37 years$4,890$3,206$2,040$1,267$773$264
38 years$4,709$3,046$1,910$1,168$701$231
39 years$4,538$2,897$1,790$1,077$636$202
40 years$4,375$2,756$1,677$993$577$177
41 years$4,221$2,624$1,573$917$523$155
42 years$4,074$2,499$1,475$846$475$135
43 years$3,935$2,381$1,384$781$431$118
44 years$3,802$2,269$1,300$721$391$104
45 years$3,676$2,164$1,220$666$355$91
46 years$3,555$2,064$1,146$615$322$79
47 years$3,440$1,970$1,077$568$293$70
48 years$3,330$1,881$1,012$525$266$61
49 years$3,225$1,796$951$485$241$53
50 years$3,124$1,715$894$449$219$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $3,200,000, adding $3,807 every year, while hoping to spend $56,187 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: 46/31/23 Blend
54$3,200,000$3,200,000$3,200,000$3,200,000
55$3,530,327$3,360,727$3,311,127$3,669,265
56$3,830,638$3,465,620$3,362,267$3,872,213
57$4,159,697$3,573,770$3,413,237$4,086,437
58$4,520,378$3,685,276$3,463,973$4,317,729
59$4,915,845$3,800,243$3,514,404$4,567,713
60$5,349,582$3,918,776$3,564,458$4,838,172
61$5,825,429$4,040,986$3,614,057$5,131,068
62$6,347,614$4,166,985$3,663,118$5,448,563
63$6,920,792$4,296,889$3,711,555$5,793,034
64$7,550,096$4,430,819$3,759,274$6,167,100
65$8,241,175$4,568,898$3,806,179$6,573,642
66$9,000,254$4,711,254$3,852,166$7,015,832
67$9,834,191$4,858,017$3,897,125$7,497,164
68$10,750,542$5,009,323$3,940,941$8,021,483
69$11,757,628$5,165,310$3,983,494$8,593,027
70$12,864,618$5,326,123$4,024,653$9,216,457
71$14,081,614$5,491,908$4,064,284$9,896,912
72$15,419,746$5,662,818$4,102,244$10,640,049
73$16,891,273$5,839,010$4,138,383$11,452,098
74$18,509,706$6,020,644$4,172,542$12,339,922
75$20,289,928$6,207,888$4,204,554$13,311,081
76$22,248,338$6,400,912$4,234,244$14,373,902
77$24,403,005$6,599,892$4,261,427$15,537,558
78$26,773,835$6,805,011$4,285,909$16,812,153
79$29,382,764$7,016,454$4,307,485$18,208,820
80$32,253,961$7,234,416$4,325,940$19,739,821
81$35,414,056$7,459,093$4,341,050$21,418,668
82$38,892,392$7,690,690$4,352,577$23,260,244
83$42,721,300$7,929,418$4,360,273$25,280,950
84$46,936,406$8,175,493$4,363,875$27,498,853
85$51,576,965$8,429,138$4,363,111$29,933,860
86$56,686,232$8,690,583$4,357,692$32,607,903
87$62,311,870$8,960,063$4,347,317$35,545,151
88$68,506,397$9,237,823$4,331,668$38,772,230
89$75,327,686$9,524,112$4,310,415$42,318,479
90$82,839,505$9,819,190$4,283,210$46,216,225
91$91,112,125$10,123,320$4,249,688$50,501,091
92$100,222,976$10,436,777$4,209,466$55,212,325
93$110,257,383$10,759,842$4,162,146$60,393,177
94$121,309,366$11,092,804$4,107,309$66,091,304
95$133,482,532$11,435,963$4,044,514$72,359,217
96$146,891,049$11,789,623$3,973,304$79,254,783
97$161,660,723$12,154,102$3,893,197$86,841,764
98$177,930,188$12,529,725$3,803,690$95,190,423
99$195,852,211$12,916,825$3,704,258$104,378,183
100$215,595,134$13,315,746$3,594,348$114,490,364