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%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 $4,198 every year, while hoping to spend $52,455 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: 27/49/24 Blend
54$2,760,000$2,760,000$2,760,000$2,760,000
55$3,045,850$2,899,570$2,856,790$3,105,011
56$3,300,715$2,985,837$2,896,681$3,238,664
57$3,579,818$3,074,574$2,936,150$3,377,214
58$3,885,577$3,165,845$2,975,128$3,524,880
59$4,220,652$3,259,717$3,013,541$3,682,469
60$4,587,975$3,356,260$3,051,311$3,850,870
61$4,990,775$3,455,543$3,088,356$4,031,059
62$5,432,607$3,557,638$3,124,590$4,224,109
63$5,917,389$3,662,618$3,159,919$4,431,201
64$6,449,434$3,770,558$3,194,248$4,653,633
65$7,033,495$3,881,534$3,227,474$4,892,833
66$7,674,805$3,995,623$3,259,488$5,150,371
67$8,379,132$4,112,906$3,290,178$5,427,976
68$9,152,828$4,233,462$3,319,423$5,727,549
69$10,002,890$4,357,375$3,347,097$6,051,185
70$10,937,027$4,484,729$3,373,067$6,401,188
71$11,963,732$4,615,608$3,397,193$6,780,093
72$13,092,361$4,750,102$3,419,328$7,190,694
73$14,333,223$4,888,298$3,439,316$7,636,064
74$15,697,674$5,030,287$3,456,996$8,119,590
75$17,198,227$5,176,161$3,472,196$8,644,998
76$18,848,667$5,326,014$3,484,735$9,216,395
77$20,664,183$5,479,941$3,494,425$9,838,302
78$22,661,510$5,638,038$3,501,069$10,515,698
79$24,859,085$5,800,403$3,504,456$11,254,070
80$27,277,226$5,967,137$3,504,369$12,059,458
81$29,938,316$6,138,339$3,500,578$12,938,519
82$32,867,019$6,314,114$3,492,843$13,898,584
83$36,090,513$6,494,563$3,480,911$14,947,731
84$39,638,742$6,679,793$3,464,518$16,094,856
85$43,544,700$6,869,909$3,443,386$17,349,765
86$47,844,745$7,065,020$3,417,225$18,723,257
87$52,578,936$7,265,233$3,385,729$20,227,234
88$57,791,416$7,470,659$3,348,580$21,874,806
89$63,530,827$7,681,407$3,305,444$23,680,420
90$69,850,765$7,897,590$3,255,970$25,659,995
91$76,810,291$8,119,319$3,199,792$27,831,069
92$84,474,482$8,346,708$3,136,527$30,212,971
93$92,915,052$8,579,869$3,065,773$32,826,995
94$102,211,021$8,818,917$2,987,111$35,696,609
95$112,449,466$9,063,964$2,900,100$38,847,671
96$123,726,339$9,315,126$2,804,281$42,308,676
97$136,147,375$9,572,517$2,699,173$46,111,024
98$149,829,087$9,836,249$2,584,275$50,289,316
99$164,899,865$10,106,437$2,459,060$54,881,681
100$181,501,191$10,383,193$2,322,978$59,930,139