Can I retire at age 55 with 3,600,000?

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 $3,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$297,285$294,637$292,053$289,531$287,069$282,779
2 years$147,171$144,430$141,773$139,198$136,700$132,387
3 years$97,139$94,386$91,737$89,185$86,728$82,527
4 years$72,128$69,384$66,761$64,253$61,855$57,799
5 years$57,126$54,398$51,809$49,352$47,021$43,121
6 years$47,127$44,420$41,869$39,468$37,206$33,466
7 years$39,988$37,304$34,794$32,448$30,259$26,680
8 years$34,637$31,976$29,508$27,220$25,102$21,685
9 years$30,476$27,841$25,415$23,186$21,140$17,882
10 years$27,150$24,541$22,157$19,986$18,012$14,911
11 years$24,430$21,847$19,507$17,394$15,491$12,544
12 years$22,165$19,609$17,312$15,257$13,424$10,627
13 years$20,251$17,721$15,467$13,470$11,706$9,055
14 years$18,611$16,107$13,897$11,957$10,262$7,753
15 years$17,191$14,714$12,547$10,663$9,035$6,664
16 years$15,949$13,500$11,376$9,548$7,985$5,747
17 years$14,855$12,433$10,352$8,579$7,080$4,970
18 years$13,884$11,489$9,450$7,731$6,295$4,308
19 years$13,016$10,648$8,651$6,986$5,611$3,742
20 years$12,235$9,894$7,939$6,327$5,012$3,256
21 years$11,530$9,216$7,303$5,742$4,485$2,838
22 years$10,890$8,603$6,731$5,221$4,020$2,476
23 years$10,306$8,046$6,214$4,755$3,609$2,163
24 years$9,772$7,539$5,747$4,337$3,244$1,891
25 years$9,281$7,075$5,323$3,960$2,919$1,655
26 years$8,829$6,649$4,937$3,621$2,629$1,449
27 years$8,411$6,258$4,584$3,315$2,371$1,270
28 years$8,024$5,897$4,262$3,037$2,139$1,114
29 years$7,664$5,563$3,966$2,785$1,931$977
30 years$7,328$5,253$3,694$2,556$1,745$857
31 years$7,015$4,966$3,444$2,347$1,578$753
32 years$6,722$4,699$3,213$2,157$1,427$661
33 years$6,447$4,450$3,000$1,984$1,292$581
34 years$6,189$4,218$2,803$1,825$1,169$510
35 years$5,946$4,000$2,621$1,680$1,059$449
36 years$5,718$3,797$2,452$1,547$960$394
37 years$5,502$3,606$2,295$1,426$870$347
38 years$5,298$3,427$2,149$1,314$789$305
39 years$5,105$3,259$2,013$1,212$715$268
40 years$4,922$3,101$1,887$1,118$649$236
41 years$4,748$2,951$1,770$1,031$588$207
42 years$4,583$2,811$1,660$952$534$182
43 years$4,427$2,678$1,558$878$485$161
44 years$4,277$2,553$1,462$811$440$141
45 years$4,135$2,434$1,373$749$399$124
46 years$3,999$2,322$1,289$692$363$109
47 years$3,870$2,216$1,211$639$329$96
48 years$3,746$2,116$1,138$591$299$85
49 years$3,628$2,020$1,070$546$272$75
50 years$3,515$1,930$1,006$505$247$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $3,600,000, adding $2,279 every year, while hoping to spend $55,200 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: 50/41/9 Blend
54$3,600,000$3,600,000$3,600,000$3,600,000
55$3,969,551$3,778,751$3,722,951$4,158,541
56$4,315,713$3,905,177$3,788,937$4,414,316
57$4,695,333$4,035,948$3,855,284$4,686,038
58$5,111,766$4,171,219$3,921,945$4,980,013
59$5,568,707$4,311,150$3,988,871$5,298,341
60$6,070,225$4,455,906$4,056,009$5,643,332
61$6,620,804$4,605,662$4,123,301$6,017,523
62$7,225,382$4,760,594$4,190,687$6,423,709
63$7,889,398$4,920,891$4,258,102$6,864,959
64$8,618,844$5,086,742$4,325,477$7,344,653
65$9,420,324$5,258,350$4,392,738$7,866,506
66$10,301,108$5,435,921$4,459,806$8,434,610
67$11,269,210$5,619,670$4,526,598$9,053,462
68$12,333,456$5,809,820$4,593,026$9,728,015
69$13,503,571$6,006,604$4,658,994$10,463,718
70$14,790,269$6,210,261$4,724,404$11,266,568
71$16,205,354$6,421,041$4,789,149$12,143,169
72$17,761,831$6,639,204$4,853,117$13,100,786
73$19,474,031$6,865,017$4,916,190$14,147,420
74$21,357,740$7,098,761$4,978,240$15,291,879
75$23,430,355$7,340,726$5,039,136$16,543,860
76$25,711,041$7,591,212$5,098,737$17,914,040
77$28,220,918$7,850,531$5,156,895$19,414,177
78$30,983,253$8,119,008$5,213,453$21,057,217
79$34,023,686$8,396,981$5,268,244$22,857,416
80$37,370,467$8,684,799$5,321,096$24,830,476
81$41,054,726$8,982,825$5,371,824$26,993,688
82$45,110,762$9,291,437$5,420,234$29,366,096
83$49,576,370$9,611,028$5,466,123$31,968,674
84$54,493,196$9,942,005$5,509,274$34,824,525
85$59,907,129$10,284,790$5,549,462$37,959,095
86$65,868,736$10,639,824$5,586,448$41,400,415
87$72,433,735$11,007,564$5,619,983$45,179,358
88$79,663,526$11,388,485$5,649,802$49,329,935
89$87,625,764$11,783,079$5,675,629$53,889,611
90$96,395,002$12,191,860$5,697,172$58,899,659
91$106,053,392$12,615,361$5,714,127$64,405,546
92$116,691,460$13,054,135$5,726,172$70,457,360
93$128,408,960$13,508,759$5,732,970$77,110,283
94$141,315,817$13,979,831$5,734,168$84,425,108
95$155,533,161$14,467,973$5,729,393$92,468,811
96$171,194,473$14,973,834$5,718,257$101,315,183
97$188,446,842$15,498,084$5,700,352$111,045,522
98$207,452,355$16,041,425$5,675,248$121,749,399
99$228,389,623$16,604,583$5,642,497$133,525,501
100$251,455,473$17,188,316$5,601,629$146,482,560