Can I retire at age 55 with 3,400,000?

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 $3,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$280,769$278,268$275,828$273,446$271,121$265,213
2 years$138,994$136,406$133,897$131,465$129,105$123,183
3 years$91,743$89,143$86,640$84,231$81,910$76,158
4 years$68,121$65,529$63,052$60,683$58,419$52,882
5 years$53,952$51,376$48,931$46,611$44,409$39,102
6 years$44,509$41,952$39,543$37,275$35,139$30,069
7 years$37,767$35,231$32,861$30,646$28,578$23,744
8 years$32,712$30,200$27,869$25,708$23,708$19,109
9 years$28,783$26,294$24,003$21,897$19,965$15,599
10 years$25,642$23,177$20,926$18,876$17,012$12,872
11 years$23,073$20,633$18,423$16,428$14,631$10,713
12 years$20,934$18,519$16,350$14,409$12,679$8,977
13 years$19,126$16,736$14,608$12,721$11,056$7,564
14 years$17,577$15,213$13,125$11,292$9,692$6,402
15 years$16,236$13,897$11,850$10,071$8,533$5,438
16 years$15,063$12,750$10,744$9,017$7,542$4,634
17 years$14,030$11,742$9,777$8,102$6,687$3,959
18 years$13,112$10,851$8,925$7,302$5,946$3,390
19 years$12,293$10,056$8,170$6,598$5,300$2,908
20 years$11,556$9,345$7,498$5,975$4,734$2,498
21 years$10,890$8,704$6,897$5,423$4,236$2,149
22 years$10,285$8,125$6,357$4,931$3,797$1,851
23 years$9,734$7,599$5,869$4,491$3,408$1,596
24 years$9,229$7,120$5,428$4,096$3,064$1,377
25 years$8,766$6,682$5,027$3,740$2,757$1,189
26 years$8,339$6,280$4,663$3,420$2,483$1,027
27 years$7,944$5,910$4,330$3,130$2,239$888
28 years$7,578$5,569$4,025$2,868$2,020$768
29 years$7,238$5,254$3,746$2,630$1,824$664
30 years$6,921$4,962$3,489$2,414$1,648$575
31 years$6,625$4,690$3,253$2,217$1,490$498
32 years$6,348$4,438$3,035$2,037$1,348$431
33 years$6,089$4,203$2,834$1,874$1,220$373
34 years$5,845$3,983$2,648$1,724$1,104$323
35 years$5,616$3,778$2,475$1,587$1,000$280
36 years$5,400$3,586$2,316$1,461$906$243
37 years$5,196$3,406$2,167$1,347$821$210
38 years$5,003$3,237$2,030$1,241$745$182
39 years$4,821$3,078$1,901$1,144$675$158
40 years$4,648$2,928$1,782$1,056$613$137
41 years$4,484$2,788$1,671$974$556$119
42 years$4,329$2,655$1,568$899$504$103
43 years$4,181$2,529$1,471$830$458$89
44 years$4,040$2,411$1,381$766$415$77
45 years$3,905$2,299$1,297$707$377$67
46 years$3,777$2,193$1,218$654$342$58
47 years$3,655$2,093$1,144$604$311$50
48 years$3,538$1,998$1,075$558$282$44
49 years$3,426$1,908$1,011$516$256$38
50 years$3,320$1,823$950$477$233$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $3,400,000, adding $4,034 every year, while hoping to spend $27,294 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: 58/31/11 Blend
54$3,400,000$3,400,000$3,400,000$3,400,000
55$3,750,961$3,570,761$3,518,061$3,958,266
56$4,104,518$3,716,688$3,606,876$4,244,388
57$4,493,224$3,868,850$3,697,750$4,552,717
58$4,920,634$4,027,525$3,790,726$4,888,143
59$5,390,666$4,193,001$3,885,843$5,253,270
60$5,907,638$4,365,582$3,983,143$5,650,959
61$6,476,305$4,545,584$4,082,666$6,084,358
62$7,101,908$4,733,337$4,184,455$6,556,929
63$7,790,221$4,929,189$4,288,553$7,072,480
64$8,547,605$5,133,500$4,395,000$7,635,200
65$9,381,069$5,346,651$4,503,842$8,249,697
66$10,298,338$5,569,037$4,615,120$8,921,041
67$11,307,921$5,801,072$4,728,879$9,654,812
68$12,419,195$6,043,190$4,845,162$10,457,148
69$13,642,491$6,295,845$4,964,014$11,334,806
70$14,989,194$6,559,510$5,085,478$12,295,222
71$16,471,850$6,834,683$5,209,598$13,346,580
72$18,104,279$7,121,884$5,336,420$14,497,889
73$19,901,713$7,421,654$5,465,989$15,759,067
74$21,880,936$7,734,563$5,598,347$17,141,030
75$24,060,441$8,061,206$5,733,541$18,655,798
76$26,460,606$8,402,206$5,871,615$20,316,603
77$29,103,888$8,758,213$6,012,614$22,138,015
78$32,015,029$9,129,910$6,156,581$24,136,076
79$35,221,297$9,518,011$6,303,562$26,328,451
80$38,752,738$9,923,262$6,453,600$28,734,593
81$42,642,459$10,346,444$6,606,738$31,375,922
82$46,926,947$10,788,376$6,763,020$34,276,029
83$51,646,402$11,249,914$6,922,488$37,460,893
84$56,845,129$11,731,954$7,085,185$40,959,127
85$62,571,947$12,235,433$7,251,153$44,802,244
86$68,880,650$12,761,335$7,420,432$49,024,953
87$75,830,523$13,310,686$7,593,062$53,665,483
88$83,486,889$13,884,563$7,769,083$58,765,943
89$91,921,737$14,484,092$7,948,533$64,372,715
90$101,214,394$15,110,452$8,131,448$70,536,889
91$111,452,276$15,764,878$8,317,865$77,314,744
92$122,731,713$16,448,662$8,507,819$84,768,275
93$135,158,859$17,163,158$8,701,342$92,965,775
94$148,850,692$17,909,782$8,898,467$101,982,477
95$163,936,120$18,690,018$9,099,222$111,901,259
96$180,557,194$19,505,420$9,303,637$122,813,423
97$198,870,456$20,357,613$9,511,736$134,819,557
98$219,048,407$21,248,301$9,723,544$148,030,473
99$241,281,145$22,179,267$9,939,083$162,568,256
100$265,778,150$23,152,380$10,158,370$178,567,409