Can I retire at age 55 with 3,500,000?

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 $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$289,027$286,452$283,940$281,489$279,095$269,945
2 years$143,083$140,418$137,835$135,331$132,902$123,771
3 years$94,441$91,765$89,188$86,708$84,319$75,493
4 years$70,125$67,457$64,906$62,468$60,137$51,684
5 years$55,539$52,887$50,370$47,982$45,715$37,658
6 years$45,818$43,186$40,706$38,371$36,173$28,518
7 years$38,878$36,268$33,827$31,547$29,418$22,165
8 years$33,674$31,088$28,688$26,464$24,405$17,548
9 years$29,630$27,068$24,709$22,542$20,553$14,083
10 years$26,396$23,859$21,542$19,431$17,512$11,420
11 years$23,752$21,240$18,965$16,911$15,061$9,336
12 years$21,550$19,064$16,831$14,833$13,051$7,680
13 years$19,688$17,228$15,038$13,095$11,381$6,350
14 years$18,094$15,660$13,511$11,625$9,977$5,272
15 years$16,713$14,306$12,199$10,367$8,784$4,391
16 years$15,506$13,125$11,060$9,283$7,763$3,668
17 years$14,443$12,088$10,064$8,340$6,884$3,070
18 years$13,498$11,170$9,187$7,516$6,121$2,575
19 years$12,654$10,352$8,411$6,792$5,455$2,163
20 years$11,895$9,620$7,719$6,151$4,873$1,819
21 years$11,210$8,960$7,100$5,583$4,361$1,531
22 years$10,587$8,364$6,544$5,076$3,909$1,291
23 years$10,020$7,823$6,042$4,623$3,509$1,088
24 years$9,501$7,329$5,588$4,216$3,154$918
25 years$9,024$6,878$5,175$3,850$2,838$775
26 years$8,584$6,464$4,800$3,521$2,556$655
27 years$8,177$6,084$4,457$3,223$2,305$553
28 years$7,801$5,733$4,143$2,953$2,080$468
29 years$7,451$5,408$3,856$2,708$1,878$396
30 years$7,124$5,107$3,592$2,485$1,697$335
31 years$6,820$4,828$3,348$2,282$1,534$283
32 years$6,535$4,569$3,124$2,097$1,388$239
33 years$6,268$4,326$2,917$1,929$1,256$203
34 years$6,017$4,100$2,725$1,775$1,137$171
35 years$5,781$3,889$2,548$1,634$1,030$145
36 years$5,559$3,691$2,384$1,504$933$123
37 years$5,349$3,506$2,231$1,386$846$104
38 years$5,151$3,332$2,089$1,278$767$88
39 years$4,963$3,168$1,957$1,178$695$74
40 years$4,785$3,014$1,835$1,087$631$63
41 years$4,616$2,869$1,720$1,003$572$53
42 years$4,456$2,733$1,614$925$519$45
43 years$4,304$2,604$1,514$854$471$38
44 years$4,158$2,482$1,421$789$428$32
45 years$4,020$2,367$1,335$728$388$27
46 years$3,888$2,258$1,254$673$352$23
47 years$3,763$2,155$1,178$622$320$20
48 years$3,642$2,057$1,107$574$291$17
49 years$3,527$1,964$1,040$531$264$14
50 years$3,417$1,876$978$491$240$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $3,500,000, adding $2,644 every year, while hoping to spend $56,432 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: 44/33/23 Blend
54$3,500,000$3,500,000$3,500,000$3,500,000
55$3,859,727$3,674,227$3,619,977$4,003,711
56$4,193,376$3,794,221$3,681,203$4,225,899
57$4,559,166$3,918,203$3,742,589$4,460,903
58$4,960,315$4,046,310$3,804,080$4,714,510
59$5,400,370$4,178,681$3,865,619$4,988,473
60$5,883,234$4,315,463$3,927,144$5,284,721
61$6,413,209$4,456,806$3,988,588$5,605,377
62$6,995,033$4,602,866$4,049,882$5,952,775
63$7,633,924$4,753,804$4,110,952$6,329,485
64$8,335,633$4,909,789$4,171,717$6,738,332
65$9,106,492$5,070,993$4,232,094$7,182,429
66$9,953,478$5,237,596$4,291,993$7,665,199
67$10,884,278$5,409,783$4,351,320$8,190,411
68$11,907,359$5,587,747$4,409,974$8,762,213
69$13,032,050$5,771,687$4,467,848$9,385,174
70$14,268,629$5,961,810$4,524,831$10,064,321
71$15,628,419$6,158,329$4,580,803$10,805,190
72$17,123,897$6,361,466$4,635,639$11,613,879
73$18,768,806$6,571,449$4,689,204$12,497,099
74$20,578,292$6,788,518$4,741,360$13,462,243
75$22,569,040$7,012,917$4,791,958$14,517,452
76$24,759,434$7,244,903$4,840,841$15,671,691
77$27,169,732$7,484,739$4,887,845$16,934,835
78$29,822,253$7,732,699$4,932,796$18,317,760
79$32,741,589$7,989,067$4,975,511$19,832,446
80$35,954,837$8,254,138$5,015,797$21,492,087
81$39,491,856$8,528,216$5,053,451$23,311,218
82$43,385,543$8,811,616$5,088,259$25,305,850
83$47,672,150$9,104,667$5,119,998$27,493,622
84$52,391,622$9,407,708$5,148,430$29,893,962
85$57,587,972$9,721,091$5,173,307$32,528,275
86$63,309,701$10,045,180$5,194,369$35,420,143
87$69,610,251$10,380,354$5,211,340$38,595,545
88$76,548,510$10,727,005$5,223,934$42,083,101
89$84,189,368$11,085,539$5,231,846$45,914,346
90$92,604,331$11,456,378$5,234,760$50,124,021
91$101,872,191$11,839,959$5,232,343$54,750,404
92$112,079,773$12,236,735$5,224,245$59,835,668
93$123,322,751$12,647,176$5,210,099$65,426,281
94$135,706,555$13,071,771$5,189,520$71,573,440
95$149,347,361$13,511,025$5,162,106$78,333,556
96$164,373,189$13,965,462$5,127,434$85,768,786
97$180,925,112$14,435,628$5,085,061$93,947,617
98$199,158,586$14,922,086$5,034,522$102,945,512
99$219,244,916$15,425,422$4,975,333$112,845,620
100$241,372,874$15,946,245$4,906,984$123,739,564