Can I retire at age 55 with 3,800,000?

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 $3,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$313,800$311,005$308,278$305,616$303,017$290,995
2 years$155,347$152,454$149,650$146,931$144,294$132,330
3 years$102,536$99,630$96,833$94,140$91,546$80,018
4 years$76,135$73,239$70,470$67,823$65,291$54,287
5 years$60,299$57,420$54,687$52,094$49,633$39,181
6 years$49,745$46,888$44,196$41,660$39,273$29,379
7 years$42,210$39,376$36,727$34,251$31,940$22,600
8 years$36,561$33,753$31,147$28,732$26,497$17,702
9 years$32,169$29,388$26,827$24,474$22,314$14,051
10 years$28,658$25,904$23,388$21,097$19,013$11,265
11 years$25,787$23,061$20,591$18,360$16,352$9,102
12 years$23,397$20,698$18,274$16,104$14,170$7,398
13 years$21,376$18,705$16,326$14,218$12,357$6,042
14 years$19,645$17,002$14,669$12,621$10,832$4,954
15 years$18,146$15,532$13,244$11,256$9,537$4,074
16 years$16,835$14,250$12,008$10,078$8,429$3,358
17 years$15,681$13,124$10,927$9,055$7,474$2,774
18 years$14,655$12,127$9,975$8,161$6,645$2,295
19 years$13,739$11,239$9,131$7,374$5,923$1,902
20 years$12,915$10,444$8,380$6,678$5,291$1,578
21 years$12,171$9,728$7,708$6,061$4,734$1,310
22 years$11,495$9,081$7,104$5,511$4,244$1,088
23 years$10,879$8,493$6,560$5,019$3,809$905
24 years$10,315$7,958$6,067$4,578$3,424$753
25 years$9,797$7,468$5,619$4,180$3,081$627
26 years$9,320$7,019$5,211$3,822$2,775$522
27 years$8,878$6,605$4,839$3,499$2,502$434
28 years$8,469$6,224$4,499$3,206$2,258$362
29 years$8,089$5,872$4,186$2,940$2,039$301
30 years$7,735$5,545$3,899$2,698$1,842$251
31 years$7,405$5,242$3,635$2,478$1,665$209
32 years$7,095$4,960$3,392$2,277$1,507$175
33 years$6,805$4,697$3,167$2,094$1,363$145
34 years$6,533$4,452$2,959$1,927$1,234$121
35 years$6,277$4,223$2,766$1,774$1,118$101
36 years$6,035$4,008$2,588$1,633$1,013$84
37 years$5,807$3,807$2,422$1,505$918$70
38 years$5,592$3,618$2,268$1,387$832$59
39 years$5,388$3,440$2,125$1,279$755$49
40 years$5,195$3,273$1,992$1,180$685$41
41 years$5,012$3,115$1,868$1,088$621$34
42 years$4,838$2,967$1,752$1,005$564$28
43 years$4,672$2,827$1,644$927$512$24
44 years$4,515$2,695$1,543$856$464$20
45 years$4,365$2,570$1,449$791$421$16
46 years$4,222$2,451$1,361$730$383$14
47 years$4,085$2,339$1,279$675$348$11
48 years$3,954$2,233$1,202$624$316$10
49 years$3,830$2,133$1,129$576$287$8
50 years$3,710$2,037$1,062$533$260$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $3,800,000, adding $5,403 every year, while hoping to spend $37,499 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: 32/40/28 Blend
54$3,800,000$3,800,000$3,800,000$3,800,000
55$4,193,173$3,991,773$3,932,873$4,291,380
56$4,580,978$4,147,471$4,024,726$4,522,849
57$5,007,083$4,309,542$4,118,399$4,768,300
58$5,475,353$4,478,258$4,213,913$5,031,944
59$5,990,050$4,653,903$4,311,290$5,315,409
60$6,555,867$4,836,776$4,410,550$5,620,480
61$7,177,974$5,027,187$4,511,712$5,949,119
62$7,862,068$5,225,460$4,614,796$6,303,474
63$8,614,427$5,431,935$4,719,819$6,685,907
64$9,441,964$5,646,966$4,826,798$7,099,011
65$10,352,299$5,870,922$4,935,751$7,545,631
66$11,353,827$6,104,191$5,046,692$8,028,896
67$12,455,797$6,347,176$5,159,636$8,552,241
68$13,668,401$6,600,299$5,274,596$9,119,440
69$15,002,866$6,864,002$5,391,583$9,734,642
70$16,471,566$7,138,746$5,510,609$10,402,406
71$18,088,133$7,425,012$5,631,682$11,127,745
72$19,867,589$7,723,304$5,754,809$11,916,170
73$21,826,484$8,034,147$5,879,997$12,773,739
74$23,983,058$8,358,093$6,007,249$13,707,116
75$26,357,406$8,695,716$6,136,568$14,723,630
76$28,971,672$9,047,616$6,267,954$15,831,342
77$31,850,256$9,414,423$6,401,404$17,039,120
78$35,020,045$9,796,793$6,536,914$18,356,719
79$38,510,666$10,195,412$6,674,477$19,794,873
80$42,354,766$10,610,998$6,814,083$21,365,394
81$46,588,318$11,044,303$6,955,721$23,081,279
82$51,250,963$11,496,111$7,099,374$24,956,831
83$56,386,383$11,967,242$7,245,025$27,007,795
84$62,042,713$12,458,556$7,392,652$29,251,497
85$68,272,993$12,970,948$7,542,229$31,707,012
86$75,135,672$13,505,359$7,693,728$34,395,336
87$82,695,157$14,062,768$7,847,115$37,339,586
88$91,022,423$14,644,204$8,002,353$40,565,209
89$100,195,680$15,250,739$8,159,401$44,100,224
90$110,301,111$15,883,497$8,318,213$47,975,481
91$121,433,689$16,543,653$8,478,737$52,224,949
92$133,698,068$17,232,435$8,640,918$56,886,034
93$147,209,576$17,951,129$8,804,693$61,999,926
94$162,095,297$18,701,079$8,969,996$67,611,985
95$178,495,279$19,483,693$9,136,752$73,772,167
96$196,563,845$20,300,442$9,304,881$80,535,487
97$216,471,060$21,152,867$9,474,297$87,962,538
98$238,404,329$22,042,577$9,644,906$96,120,056
99$262,570,167$22,971,260$9,816,608$105,081,544
100$289,196,151$23,940,680$9,989,291$114,927,965