Can I retire at age 55 with 2,770,000?

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 $2,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$228,744$226,706$224,719$222,778$220,884$219,216
2 years$113,240$111,131$109,087$107,105$105,183$103,501
3 years$74,743$72,625$70,586$68,623$66,732$65,089
4 years$55,499$53,387$51,369$49,439$47,594$46,002
5 years$43,955$41,856$39,864$37,974$36,180$34,644
6 years$36,262$34,179$32,216$30,368$28,628$27,150
7 years$30,769$28,703$26,772$24,967$23,282$21,862
8 years$26,651$24,604$22,705$20,944$19,315$17,953
9 years$23,450$21,422$19,556$17,840$16,266$14,962
10 years$20,890$18,883$17,049$15,378$13,859$12,613
11 years$18,798$16,810$15,010$13,384$11,920$10,730
12 years$17,055$15,088$13,321$11,739$10,329$9,195
13 years$15,582$13,635$11,901$10,364$9,007$7,927
14 years$14,320$12,394$10,693$9,200$7,896$6,868
15 years$13,227$11,322$9,655$8,205$6,952$5,976
16 years$12,272$10,388$8,753$7,347$6,144$5,218
17 years$11,430$9,567$7,965$6,601$5,448$4,570
18 years$10,683$8,840$7,271$5,949$4,844$4,013
19 years$10,015$8,193$6,656$5,375$4,318$3,531
20 years$9,414$7,613$6,109$4,868$3,857$3,114
21 years$8,872$7,091$5,619$4,418$3,451$2,750
22 years$8,379$6,620$5,179$4,017$3,093$2,433
23 years$7,930$6,191$4,782$3,659$2,777$2,154
24 years$7,519$5,801$4,422$3,337$2,496$1,910
25 years$7,141$5,444$4,096$3,047$2,246$1,695
26 years$6,794$5,116$3,799$2,786$2,023$1,506
27 years$6,472$4,815$3,527$2,550$1,824$1,339
28 years$6,174$4,537$3,279$2,337$1,646$1,191
29 years$5,897$4,280$3,052$2,143$1,486$1,060
30 years$5,639$4,042$2,842$1,967$1,343$944
31 years$5,398$3,821$2,650$1,806$1,214$841
32 years$5,172$3,616$2,472$1,660$1,098$750
33 years$4,961$3,424$2,309$1,526$994$669
34 years$4,762$3,245$2,157$1,404$900$597
35 years$4,575$3,078$2,017$1,293$815$532
36 years$4,399$2,922$1,886$1,191$738$475
37 years$4,233$2,775$1,766$1,097$669$424
38 years$4,076$2,637$1,654$1,011$607$379
39 years$3,928$2,508$1,549$932$550$338
40 years$3,787$2,386$1,452$860$499$302
41 years$3,653$2,271$1,362$793$453$270
42 years$3,527$2,163$1,277$732$411$241
43 years$3,406$2,061$1,198$676$373$215
44 years$3,291$1,964$1,125$624$338$193
45 years$3,182$1,873$1,056$576$307$172
46 years$3,077$1,787$992$532$279$154
47 years$2,978$1,705$932$492$253$137
48 years$2,883$1,628$876$455$230$123
49 years$2,792$1,555$823$420$209$110
50 years$2,704$1,485$774$388$190$98

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,770,000, adding $3,350 every year, while hoping to spend $50,916 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: 56/38/6 Blend
54$2,770,000$2,770,000$2,770,000$2,770,000
55$3,055,996$2,909,186$2,866,251$3,223,043
56$3,313,533$2,997,561$2,908,096$3,424,278
57$3,595,632$3,088,561$2,949,636$3,637,351
58$3,904,746$3,182,260$2,990,808$3,868,151
59$4,243,573$3,278,734$3,031,543$4,118,372
60$4,615,088$3,378,062$3,071,771$4,389,875
61$5,022,566$3,480,326$3,111,414$4,684,711
62$5,469,614$3,585,608$3,150,392$5,005,132
63$5,960,205$3,693,993$3,188,620$5,353,620
64$6,498,716$3,805,569$3,226,009$5,732,906
65$7,089,968$3,920,424$3,262,463$6,145,994
66$7,739,271$4,038,652$3,297,883$6,596,192
67$8,452,477$4,160,346$3,332,162$7,087,142
68$9,236,030$4,285,603$3,365,190$7,622,852
69$10,097,029$4,414,522$3,396,847$8,207,737
70$11,043,295$4,547,203$3,427,012$8,846,656
71$12,083,447$4,683,752$3,455,552$9,544,960
72$13,226,977$4,824,274$3,482,332$10,308,542
73$14,484,344$4,968,879$3,507,205$11,143,891
74$15,867,072$5,117,678$3,530,021$12,058,154
75$17,387,855$5,270,786$3,550,618$13,059,201
76$19,060,682$5,428,321$3,568,830$14,155,700
77$20,900,964$5,590,401$3,584,478$15,357,201
78$22,925,682$5,757,150$3,597,378$16,674,219
79$25,153,545$5,928,694$3,607,333$18,118,338
80$27,605,167$6,105,160$3,614,139$19,702,319
81$30,303,262$6,286,682$3,617,582$21,440,219
82$33,272,858$6,473,392$3,617,434$23,347,521
83$36,541,531$6,665,430$3,613,459$25,441,285
84$40,139,666$6,862,934$3,605,408$27,740,302
85$44,100,743$7,066,050$3,593,021$30,265,277
86$48,461,656$7,274,923$3,576,024$33,039,016
87$53,263,055$7,489,705$3,554,131$36,086,651
88$58,549,734$7,710,547$3,527,042$39,435,865
89$64,371,050$7,937,607$3,494,440$43,117,162
90$70,781,391$8,171,044$3,455,998$47,164,150
91$77,840,688$8,411,021$3,411,370$51,613,857
92$85,614,982$8,657,704$3,360,194$56,507,081
93$94,177,041$8,911,262$3,302,092$61,888,775
94$103,607,054$9,171,869$3,236,667$67,808,469
95$113,993,383$9,439,700$3,163,505$74,320,738
96$125,433,398$9,714,935$3,082,172$81,485,715
97$138,034,394$9,997,756$2,992,214$89,369,660
98$151,914,605$10,288,349$2,893,156$98,045,583
99$167,204,320$10,586,904$2,784,502$107,593,932
100$184,047,110$10,893,612$2,665,732$118,103,353