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%18%
1 years$228,744$226,706$224,719$222,778$220,884$213,728
2 years$113,240$111,131$109,087$107,105$105,183$98,040
3 years$74,743$72,625$70,586$68,623$66,732$59,827
4 years$55,499$53,387$51,369$49,439$47,594$40,980
5 years$43,955$41,856$39,864$37,974$36,180$29,874
6 years$36,262$34,179$32,216$30,368$28,628$22,636
7 years$30,769$28,703$26,772$24,967$23,282$17,603
8 years$26,651$24,604$22,705$20,944$19,315$13,945
9 years$23,450$21,422$19,556$17,840$16,266$11,198
10 years$20,890$18,883$17,049$15,378$13,859$9,087
11 years$18,798$16,810$15,010$13,384$11,920$7,433
12 years$17,055$15,088$13,321$11,739$10,329$6,119
13 years$15,582$13,635$11,901$10,364$9,007$5,062
14 years$14,320$12,394$10,693$9,200$7,896$4,206
15 years$13,227$11,322$9,655$8,205$6,952$3,506
16 years$12,272$10,388$8,753$7,347$6,144$2,930
17 years$11,430$9,567$7,965$6,601$5,448$2,455
18 years$10,683$8,840$7,271$5,949$4,844$2,060
19 years$10,015$8,193$6,656$5,375$4,318$1,732
20 years$9,414$7,613$6,109$4,868$3,857$1,458
21 years$8,872$7,091$5,619$4,418$3,451$1,228
22 years$8,379$6,620$5,179$4,017$3,093$1,036
23 years$7,930$6,191$4,782$3,659$2,777$874
24 years$7,519$5,801$4,422$3,337$2,496$738
25 years$7,141$5,444$4,096$3,047$2,246$624
26 years$6,794$5,116$3,799$2,786$2,023$527
27 years$6,472$4,815$3,527$2,550$1,824$446
28 years$6,174$4,537$3,279$2,337$1,646$377
29 years$5,897$4,280$3,052$2,143$1,486$319
30 years$5,639$4,042$2,842$1,967$1,343$270
31 years$5,398$3,821$2,650$1,806$1,214$229
32 years$5,172$3,616$2,472$1,660$1,098$194
33 years$4,961$3,424$2,309$1,526$994$164
34 years$4,762$3,245$2,157$1,404$900$139
35 years$4,575$3,078$2,017$1,293$815$118
36 years$4,399$2,922$1,886$1,191$738$100
37 years$4,233$2,775$1,766$1,097$669$84
38 years$4,076$2,637$1,654$1,011$607$72
39 years$3,928$2,508$1,549$932$550$61
40 years$3,787$2,386$1,452$860$499$51
41 years$3,653$2,271$1,362$793$453$43
42 years$3,527$2,163$1,277$732$411$37
43 years$3,406$2,061$1,198$676$373$31
44 years$3,291$1,964$1,125$624$338$26
45 years$3,182$1,873$1,056$576$307$22
46 years$3,077$1,787$992$532$279$19
47 years$2,978$1,705$932$492$253$16
48 years$2,883$1,628$876$455$230$14
49 years$2,792$1,555$823$420$209$12
50 years$2,704$1,485$774$388$190$10

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 $3,173 every year, while hoping to spend $48,203 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: 51/43/6 Blend
54$2,770,000$2,770,000$2,770,000$2,770,000
55$3,055,813$2,909,003$2,866,068$3,207,071
56$3,316,218$3,000,256$2,910,794$3,401,457
57$3,601,569$3,094,366$2,955,402$3,607,167
58$3,914,360$3,191,420$2,999,838$3,829,621
59$4,257,336$3,291,511$3,044,044$4,070,398
60$4,633,523$3,394,734$3,087,958$4,331,240
61$5,046,251$3,501,185$3,131,514$4,614,057
62$5,499,192$3,610,966$3,174,643$4,920,953
63$5,996,386$3,724,180$3,217,270$5,254,243
64$6,542,287$3,840,934$3,259,318$5,616,473
65$7,141,799$3,961,339$3,300,705$6,010,444
66$7,800,326$4,085,508$3,341,341$6,439,238
67$8,523,820$4,213,558$3,381,137$6,906,249
68$9,318,837$4,345,611$3,419,993$7,415,210
69$10,192,603$4,481,790$3,457,806$7,970,230
70$11,153,074$4,622,224$3,494,469$8,575,835
71$12,209,020$4,767,045$3,529,866$9,237,005
72$13,370,100$4,916,389$3,563,876$9,959,222
73$14,646,956$5,070,399$3,596,372$10,748,524
74$16,051,315$5,229,217$3,627,219$11,611,558
75$17,596,094$5,392,994$3,656,277$12,555,644
76$19,295,529$5,561,884$3,683,395$13,588,842
77$21,165,302$5,736,046$3,708,418$14,720,028
78$23,222,693$5,915,642$3,731,181$15,958,978
79$25,486,742$6,100,843$3,751,509$17,316,458
80$27,978,427$6,291,821$3,769,222$18,804,325
81$30,720,863$6,488,757$3,784,128$20,435,640
82$33,739,520$6,691,835$3,796,024$22,224,789
83$37,062,461$6,901,244$3,804,701$24,187,617
84$40,720,609$7,117,183$3,809,936$26,341,578
85$44,748,039$7,339,852$3,811,496$28,705,899
86$49,182,295$7,569,461$3,809,138$31,301,761
87$54,064,749$7,806,225$3,802,604$34,152,498
88$59,440,988$8,050,364$3,791,625$37,283,812
89$65,361,245$8,302,108$3,775,921$40,724,022
90$71,880,872$8,561,692$3,755,194$44,504,326
91$79,060,863$8,829,357$3,729,136$48,659,093
92$86,968,431$9,105,355$3,697,421$53,226,191
93$95,677,636$9,389,942$3,659,710$58,247,339
94$105,270,090$9,683,385$3,615,646$63,768,503
95$115,835,725$9,985,956$3,564,855$69,840,327
96$127,473,639$10,297,938$3,506,948$76,518,609
97$140,293,034$10,619,622$3,441,515$83,864,829
98$154,414,246$10,951,305$3,368,128$91,946,727
99$169,969,878$11,293,298$3,286,340$100,838,941
100$187,106,054$11,645,919$3,195,680$110,623,710