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

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 $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%16.2%
1 years$227,918$225,888$223,907$221,974$220,086$214,505
2 years$112,831$110,729$108,693$106,718$104,803$99,216
3 years$74,473$72,363$70,331$68,375$66,491$61,073
4 years$55,298$53,194$51,183$49,261$47,422$42,215
5 years$43,796$41,705$39,720$37,837$36,050$31,068
6 years$36,131$34,055$32,100$30,258$28,525$23,773
7 years$30,658$28,600$26,675$24,877$23,198$18,678
8 years$26,555$24,515$22,623$20,869$19,245$14,953
9 years$23,365$21,345$19,485$17,776$16,207$12,140
10 years$20,815$18,814$16,987$15,323$13,809$9,962
11 years$18,730$16,749$14,955$13,335$11,877$8,244
12 years$16,993$15,033$13,273$11,697$10,292$6,868
13 years$15,525$13,586$11,858$10,327$8,975$5,752
14 years$14,268$12,349$10,655$9,167$7,867$4,838
15 years$13,179$11,281$9,620$8,175$6,927$4,084
16 years$12,228$10,350$8,722$7,320$6,122$3,458
17 years$11,389$9,532$7,936$6,577$5,428$2,935
18 years$10,644$8,808$7,245$5,927$4,827$2,497
19 years$9,979$8,163$6,632$5,356$4,302$2,127
20 years$9,380$7,586$6,087$4,851$3,843$1,815
21 years$8,840$7,066$5,599$4,402$3,439$1,551
22 years$8,349$6,596$5,160$4,003$3,082$1,326
23 years$7,901$6,169$4,764$3,645$2,767$1,135
24 years$7,492$5,780$4,406$3,325$2,487$973
25 years$7,116$5,424$4,081$3,036$2,238$834
26 years$6,769$5,098$3,785$2,776$2,016$715
27 years$6,449$4,798$3,515$2,541$1,817$614
28 years$6,151$4,521$3,267$2,328$1,640$527
29 years$5,875$4,265$3,041$2,135$1,481$452
30 years$5,618$4,028$2,832$1,959$1,338$389
31 years$5,378$3,807$2,640$1,800$1,210$334
32 years$5,153$3,603$2,464$1,654$1,094$287
33 years$4,943$3,412$2,300$1,521$990$247
34 years$4,745$3,234$2,149$1,399$897$212
35 years$4,559$3,067$2,009$1,288$812$182
36 years$4,384$2,911$1,880$1,186$736$157
37 years$4,218$2,765$1,759$1,093$667$135
38 years$4,062$2,628$1,648$1,008$605$116
39 years$3,914$2,499$1,544$929$548$100
40 years$3,773$2,377$1,447$857$497$86
41 years$3,640$2,263$1,357$791$451$74
42 years$3,514$2,155$1,273$730$409$64
43 years$3,394$2,053$1,194$673$372$55
44 years$3,279$1,957$1,121$622$337$47
45 years$3,170$1,866$1,052$574$306$40
46 years$3,066$1,780$989$530$278$35
47 years$2,967$1,699$929$490$252$30
48 years$2,872$1,622$873$453$229$26
49 years$2,782$1,549$820$419$208$22
50 years$2,695$1,480$771$387$189$19

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 $4,076 every year, while hoping to spend $31,537 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: 44/39/17 Blend
54$2,760,000$2,760,000$2,760,000$2,760,000
55$3,045,724$2,899,444$2,856,664$3,164,611
56$3,322,833$3,007,962$2,918,808$3,356,921
57$3,627,150$3,120,740$2,981,975$3,561,789
58$3,961,417$3,237,954$3,046,169$3,783,176
59$4,328,654$3,359,787$3,111,389$4,022,622
60$4,732,190$3,486,429$3,177,633$4,281,819
61$5,175,690$3,618,081$3,244,900$4,562,625
62$5,663,192$3,754,949$3,313,187$4,867,083
63$6,199,147$3,897,250$3,382,487$5,197,438
64$6,788,455$4,045,211$3,452,796$5,556,158
65$7,436,519$4,199,067$3,524,106$5,945,959
66$8,149,287$4,359,065$3,596,407$6,369,823
67$8,933,317$4,525,462$3,669,689$6,831,033
68$9,795,831$4,698,525$3,743,939$7,333,200
69$10,744,788$4,878,535$3,819,143$7,880,294
70$11,788,956$5,065,783$3,895,285$8,476,683
71$12,937,998$5,260,575$3,972,345$9,127,175
72$14,202,560$5,463,228$4,050,304$9,837,057
73$15,594,370$5,674,076$4,129,139$10,612,150
74$17,126,354$5,893,464$4,208,824$11,458,858
75$18,812,754$6,121,755$4,289,330$12,384,228
76$20,669,261$6,359,327$4,370,629$13,396,021
77$22,713,166$6,606,575$4,452,685$14,502,775
78$24,963,522$6,863,910$4,535,464$15,713,891
79$27,441,323$7,131,763$4,618,924$17,039,718
80$30,169,703$7,410,585$4,703,022$18,491,650
81$33,174,153$7,700,843$4,787,714$20,082,230
82$36,482,761$8,003,030$4,872,947$21,825,270
83$40,126,480$8,317,655$4,958,668$23,735,979
84$44,139,416$8,645,256$5,044,819$25,831,103
85$48,559,153$8,986,390$5,131,337$28,129,082
86$53,427,105$9,341,642$5,218,155$30,650,227
87$58,788,908$9,711,620$5,305,202$33,416,900
88$64,694,851$10,096,964$5,392,400$36,453,734
89$71,200,348$10,498,337$5,479,667$39,787,857
90$78,366,464$10,916,436$5,566,917$43,449,146
91$86,260,490$11,351,989$5,654,055$47,470,511
92$94,956,578$11,805,753$5,740,983$51,888,201
93$104,536,437$12,278,524$5,827,595$56,742,141
94$115,090,113$12,771,131$5,913,779$62,076,311
95$126,716,829$13,284,440$5,999,415$67,939,158
96$139,525,927$13,819,359$6,084,376$74,384,049
97$153,637,898$14,376,834$6,168,529$81,469,770
98$169,185,520$14,957,856$6,251,732$89,261,084
99$186,315,112$15,563,460$6,333,834$97,829,335
100$205,187,911$16,194,727$6,414,675$107,253,118