Can I retire at age 55 with 2,780,000?

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 $2,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$229,570$227,525$225,530$223,583$221,681$217,651
2 years$113,648$111,532$109,481$107,492$105,562$101,516
3 years$75,013$72,887$70,841$68,871$66,973$63,037
4 years$55,699$53,580$51,554$49,618$47,766$43,970
5 years$44,114$42,007$40,008$38,111$36,311$32,667
6 years$36,393$34,302$32,333$30,478$28,732$25,243
7 years$30,880$28,807$26,869$25,057$23,366$20,035
8 years$26,747$24,693$22,787$21,020$19,385$16,209
9 years$23,534$21,500$19,626$17,904$16,325$13,302
10 years$20,966$18,951$17,110$15,434$13,909$11,038
11 years$18,866$16,871$15,064$13,432$11,963$9,239
12 years$17,117$15,142$13,369$11,782$10,367$7,787
13 years$15,638$13,684$11,944$10,401$9,040$6,601
14 years$14,372$12,439$10,732$9,233$7,924$5,621
15 years$13,275$11,363$9,689$8,234$6,977$4,805
16 years$12,316$10,425$8,785$7,373$6,166$4,120
17 years$11,472$9,601$7,994$6,625$5,468$3,543
18 years$10,721$8,872$7,297$5,970$4,862$3,054
19 years$10,051$8,222$6,680$5,395$4,333$2,637
20 years$9,448$7,641$6,131$4,886$3,870$2,281
21 years$8,904$7,117$5,639$4,434$3,464$1,976
22 years$8,409$6,643$5,197$4,032$3,105$1,713
23 years$7,959$6,213$4,799$3,672$2,787$1,488
24 years$7,546$5,822$4,438$3,349$2,505$1,293
25 years$7,167$5,463$4,111$3,058$2,254$1,124
26 years$6,818$5,135$3,812$2,796$2,030$978
27 years$6,495$4,832$3,540$2,560$1,831$852
28 years$6,196$4,553$3,291$2,345$1,652$742
29 years$5,918$4,296$3,063$2,151$1,491$647
30 years$5,659$4,057$2,853$1,974$1,348$564
31 years$5,417$3,835$2,659$1,813$1,218$492
32 years$5,191$3,629$2,481$1,666$1,102$429
33 years$4,979$3,436$2,317$1,532$997$374
34 years$4,779$3,257$2,165$1,409$903$327
35 years$4,592$3,089$2,024$1,298$818$285
36 years$4,415$2,932$1,893$1,195$741$249
37 years$4,249$2,785$1,772$1,101$672$217
38 years$4,091$2,647$1,659$1,015$609$190
39 years$3,942$2,517$1,555$936$552$166
40 years$3,801$2,394$1,457$863$501$145
41 years$3,667$2,279$1,366$796$454$127
42 years$3,539$2,171$1,282$735$412$111
43 years$3,418$2,068$1,203$678$374$97
44 years$3,303$1,971$1,129$626$340$84
45 years$3,193$1,880$1,060$578$308$74
46 years$3,088$1,793$996$534$280$64
47 years$2,989$1,711$935$494$254$56
48 years$2,893$1,634$879$456$231$49
49 years$2,802$1,560$826$422$210$43
50 years$2,714$1,490$777$390$190$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,780,000, adding $5,216 every year, while hoping to spend $39,753 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: 69/9/22 Blend
54$2,780,000$2,780,000$2,780,000$2,780,000
55$3,068,940$2,921,600$2,878,510$3,263,434
56$3,339,675$3,022,462$2,932,644$3,495,043
57$3,636,693$3,126,933$2,987,258$3,743,280
58$3,962,632$3,235,149$3,042,327$4,013,968
59$4,320,399$3,347,251$3,097,824$4,309,325
60$4,713,197$3,463,382$3,153,718$4,631,793
61$5,144,551$3,583,696$3,209,976$4,984,061
62$5,618,348$3,708,350$3,266,562$5,369,089
63$6,138,867$3,837,507$3,323,440$5,790,139
64$6,710,823$3,971,337$3,380,567$6,250,803
65$7,339,412$4,110,017$3,437,901$6,755,038
66$8,030,355$4,253,731$3,495,394$7,307,202
67$8,789,958$4,402,670$3,552,996$7,912,097
68$9,625,166$4,557,033$3,610,653$8,575,009
69$10,543,632$4,717,027$3,668,310$9,301,766
70$11,553,788$4,882,867$3,725,903$10,098,784
71$12,664,923$5,054,776$3,783,370$10,973,134
72$13,887,272$5,232,987$3,840,640$11,932,604
73$15,232,112$5,417,742$3,897,640$12,985,776
74$16,711,869$5,609,292$3,954,292$14,142,105
75$18,340,232$5,807,901$4,010,513$15,412,005
76$20,132,287$6,013,839$4,066,217$16,806,952
77$22,104,654$6,227,390$4,121,308$18,339,592
78$24,275,647$6,448,851$4,175,690$20,023,854
79$26,665,445$6,678,526$4,229,258$21,875,089
80$29,296,283$6,916,737$4,281,901$23,910,208
81$32,192,662$7,163,816$4,333,504$26,147,847
82$35,381,579$7,420,108$4,383,941$28,608,538
83$38,892,782$7,685,975$4,433,085$31,314,905
84$42,759,049$7,961,791$4,480,796$34,291,878
85$47,016,500$8,247,947$4,526,931$37,566,925
86$51,704,936$8,544,849$4,571,336$41,170,314
87$56,868,214$8,852,921$4,613,851$45,135,397
88$62,554,662$9,172,605$4,654,304$49,498,924
89$68,817,533$9,504,358$4,692,519$54,301,391
90$75,715,509$9,848,659$4,728,306$59,587,421
91$83,313,254$10,206,007$4,761,468$65,406,186
92$91,682,024$10,576,919$4,791,796$71,811,869
93$100,900,340$10,961,937$4,819,070$78,864,177
94$111,054,726$11,361,624$4,843,060$86,628,903
95$122,240,530$11,776,566$4,863,525$95,178,548
96$134,562,821$12,207,374$4,880,209$104,593,004
97$148,137,378$12,654,685$4,892,846$114,960,308
98$163,091,788$13,119,162$4,901,154$126,377,474
99$179,566,647$13,601,497$4,904,839$138,951,404
100$197,716,885$14,102,410$4,903,591$152,799,905