Can I retire at age 55 with 2,760,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$227,918$225,888$223,907$221,974$220,086$219,067
2 years$112,831$110,729$108,693$106,718$104,803$103,774
3 years$74,473$72,363$70,331$68,375$66,491$65,485
4 years$55,298$53,194$51,183$49,261$47,422$46,445
5 years$43,796$41,705$39,720$37,837$36,050$35,106
6 years$36,131$34,055$32,100$30,258$28,525$27,615
7 years$30,658$28,600$26,675$24,877$23,198$22,323
8 years$26,555$24,515$22,623$20,869$19,245$18,405
9 years$23,365$21,345$19,485$17,776$16,207$15,401
10 years$20,815$18,814$16,987$15,323$13,809$13,038
11 years$18,730$16,749$14,955$13,335$11,877$11,138
12 years$16,993$15,033$13,273$11,697$10,292$9,587
13 years$15,525$13,586$11,858$10,327$8,975$8,302
14 years$14,268$12,349$10,655$9,167$7,867$7,226
15 years$13,179$11,281$9,620$8,175$6,927$6,317
16 years$12,228$10,350$8,722$7,320$6,122$5,542
17 years$11,389$9,532$7,936$6,577$5,428$4,877
18 years$10,644$8,808$7,245$5,927$4,827$4,303
19 years$9,979$8,163$6,632$5,356$4,302$3,806
20 years$9,380$7,586$6,087$4,851$3,843$3,373
21 years$8,840$7,066$5,599$4,402$3,439$2,995
22 years$8,349$6,596$5,160$4,003$3,082$2,663
23 years$7,901$6,169$4,764$3,645$2,767$2,371
24 years$7,492$5,780$4,406$3,325$2,487$2,113
25 years$7,116$5,424$4,081$3,036$2,238$1,886
26 years$6,769$5,098$3,785$2,776$2,016$1,684
27 years$6,449$4,798$3,515$2,541$1,817$1,506
28 years$6,151$4,521$3,267$2,328$1,640$1,347
29 years$5,875$4,265$3,041$2,135$1,481$1,206
30 years$5,618$4,028$2,832$1,959$1,338$1,080
31 years$5,378$3,807$2,640$1,800$1,210$968
32 years$5,153$3,603$2,464$1,654$1,094$868
33 years$4,943$3,412$2,300$1,521$990$778
34 years$4,745$3,234$2,149$1,399$897$698
35 years$4,559$3,067$2,009$1,288$812$627
36 years$4,384$2,911$1,880$1,186$736$563
37 years$4,218$2,765$1,759$1,093$667$505
38 years$4,062$2,628$1,648$1,008$605$454
39 years$3,914$2,499$1,544$929$548$408
40 years$3,773$2,377$1,447$857$497$366
41 years$3,640$2,263$1,357$791$451$329
42 years$3,514$2,155$1,273$730$409$296
43 years$3,394$2,053$1,194$673$372$266
44 years$3,279$1,957$1,121$622$337$239
45 years$3,170$1,866$1,052$574$306$215
46 years$3,066$1,780$989$530$278$193
47 years$2,967$1,699$929$490$252$174
48 years$2,872$1,622$873$453$229$156
49 years$2,782$1,549$820$419$208$141
50 years$2,695$1,480$771$387$189$127

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,760,000, adding $6,540 every year, while hoping to spend $31,955 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: 46/49/5 Blend
54$2,760,000$2,760,000$2,760,000$2,760,000
55$3,048,266$2,901,986$2,859,206$3,184,137
56$3,325,189$3,010,183$2,920,990$3,386,280
57$3,629,288$3,122,612$2,983,772$3,601,545
58$3,963,299$3,239,444$3,047,553$3,834,291
59$4,330,241$3,360,862$3,112,330$4,086,141
60$4,733,435$3,487,053$3,178,103$4,358,876
61$5,176,542$3,618,216$3,244,866$4,654,453
62$5,663,596$3,754,555$3,312,616$4,975,022
63$6,199,039$3,896,284$3,381,345$5,322,944
64$6,787,767$4,043,628$3,451,045$5,700,816
65$7,435,172$4,196,819$3,521,708$6,111,492
66$8,147,197$4,356,100$3,593,323$6,558,107
67$8,930,387$4,521,726$3,665,876$7,044,110
68$9,791,957$4,693,960$3,739,353$7,573,294
69$10,739,853$4,873,081$3,813,738$8,149,828
70$11,782,832$5,059,376$3,889,012$8,778,298
71$12,930,541$5,253,145$3,965,154$9,463,749
72$14,193,611$5,454,704$4,042,142$10,211,730
73$15,583,755$5,664,381$4,119,949$11,028,346
74$17,113,880$5,882,517$4,198,549$11,920,314
75$18,798,205$6,109,469$4,277,910$12,895,025
76$20,652,401$6,345,612$4,357,998$13,960,613
77$22,693,733$6,591,335$4,438,779$15,126,028
78$24,941,227$6,847,043$4,520,211$16,401,121
79$27,415,847$7,113,163$4,602,253$17,796,737
80$30,140,692$7,390,137$4,684,857$19,324,810
81$33,141,216$7,678,428$4,767,974$20,998,479
82$36,445,469$7,978,519$4,851,550$22,832,209
83$40,084,357$8,290,917$4,935,526$24,841,923
84$44,091,937$8,616,147$5,019,842$27,045,154
85$48,505,738$8,954,762$5,104,430$29,461,205
86$53,367,114$9,307,336$5,189,219$32,111,333
87$58,721,635$9,674,470$5,274,133$35,018,943
88$64,619,515$10,056,793$5,359,091$38,209,808
89$71,116,090$10,454,961$5,444,005$41,712,311
90$78,272,336$10,869,658$5,528,783$45,557,711
91$86,155,444$11,301,601$5,613,327$49,780,431
92$94,839,458$11,751,538$5,697,533$54,418,386
93$104,405,971$12,220,251$5,781,288$59,513,331
94$114,944,893$12,708,557$5,864,475$65,111,260
95$126,555,306$13,217,310$5,946,968$71,262,829
96$139,346,391$13,747,402$6,028,635$78,023,839
97$153,438,463$14,299,765$6,109,335$85,455,752
98$168,964,107$14,875,374$6,188,918$93,626,270
99$186,069,427$15,475,249$6,267,228$102,609,973
100$204,915,425$16,100,452$6,344,097$112,489,015