Can I retire at age 55 with 2,790,000?

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 $2,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$230,396$228,343$226,341$224,387$222,479$217,897
2 years$114,057$111,933$109,874$107,878$105,942$101,348
3 years$75,283$73,149$71,096$69,119$67,214$62,749
4 years$55,899$53,773$51,740$49,796$47,938$43,637
5 years$44,272$42,158$40,152$38,248$36,441$32,318
6 years$36,524$34,425$32,449$30,587$28,835$24,892
7 years$30,991$28,910$26,965$25,148$23,450$19,689
8 years$26,843$24,782$22,869$21,096$19,454$15,874
9 years$23,619$21,577$19,697$17,969$16,383$12,981
10 years$21,041$19,019$17,172$15,489$13,960$10,732
11 years$18,933$16,931$15,118$13,480$12,006$8,949
12 years$17,178$15,197$13,417$11,824$10,404$7,513
13 years$15,694$13,733$11,987$10,439$9,072$6,343
14 years$14,423$12,483$10,770$9,266$7,953$5,380
15 years$13,323$11,404$9,724$8,264$7,002$4,580
16 years$12,361$10,463$8,816$7,400$6,189$3,911
17 years$11,513$9,636$8,023$6,648$5,487$3,348
18 years$10,760$8,904$7,324$5,992$4,879$2,873
19 years$10,087$8,252$6,704$5,414$4,349$2,470
20 years$9,482$7,668$6,153$4,903$3,884$2,127
21 years$8,936$7,143$5,660$4,450$3,476$1,834
22 years$8,440$6,667$5,216$4,046$3,116$1,583
23 years$7,987$6,236$4,816$3,685$2,797$1,368
24 years$7,573$5,843$4,454$3,361$2,514$1,183
25 years$7,193$5,483$4,125$3,069$2,262$1,024
26 years$6,843$5,153$3,826$2,806$2,038$887
27 years$6,519$4,850$3,553$2,569$1,837$768
28 years$6,218$4,570$3,303$2,354$1,658$666
29 years$5,939$4,311$3,074$2,158$1,497$578
30 years$5,679$4,071$2,863$1,981$1,353$501
31 years$5,436$3,849$2,669$1,819$1,223$435
32 years$5,209$3,642$2,490$1,672$1,106$378
33 years$4,996$3,449$2,325$1,537$1,001$328
34 years$4,797$3,269$2,173$1,415$906$285
35 years$4,608$3,100$2,031$1,302$821$247
36 years$4,431$2,943$1,900$1,199$744$215
37 years$4,264$2,795$1,778$1,105$674$187
38 years$4,106$2,656$1,665$1,018$611$162
39 years$3,956$2,526$1,560$939$554$141
40 years$3,814$2,403$1,463$866$503$122
41 years$3,680$2,287$1,371$799$456$106
42 years$3,552$2,178$1,286$738$414$93
43 years$3,431$2,076$1,207$681$376$80
44 years$3,315$1,978$1,133$629$341$70
45 years$3,205$1,887$1,064$581$309$61
46 years$3,100$1,800$999$536$281$53
47 years$2,999$1,718$939$495$255$46
48 years$2,903$1,640$882$458$232$40
49 years$2,812$1,566$829$423$210$35
50 years$2,724$1,496$780$391$191$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,790,000, adding $5,746 every year, while hoping to spend $37,229 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: 56/37/7 Blend
54$2,790,000$2,790,000$2,790,000$2,790,000
55$3,080,507$2,932,637$2,889,392$3,247,860
56$3,355,107$3,036,725$2,946,575$3,465,391
57$3,656,469$3,144,665$3,004,426$3,697,545
58$3,987,283$3,256,608$3,062,929$3,949,477
59$4,350,512$3,372,708$3,122,063$4,223,076
60$4,749,421$3,493,127$3,181,809$4,520,418
61$5,187,606$3,618,035$3,242,144$4,843,785
62$5,669,029$3,747,605$3,303,042$5,195,690
63$6,198,054$3,882,022$3,364,479$5,578,895
64$6,779,490$4,021,475$3,426,423$5,996,438
65$7,418,632$4,166,162$3,488,843$6,451,663
66$8,121,318$4,316,290$3,551,704$6,948,249
67$8,893,976$4,472,072$3,614,970$7,490,244
68$9,743,691$4,633,732$3,678,600$8,082,105
69$10,678,266$4,801,503$3,742,552$8,728,734
70$11,706,300$4,975,628$3,806,778$9,435,528
71$12,837,267$5,156,358$3,871,230$10,208,430
72$14,081,606$5,343,958$3,935,854$11,053,979
73$15,450,819$5,538,700$4,000,594$11,979,376
74$16,957,577$5,740,871$4,065,388$12,992,546
75$18,615,844$5,950,768$4,130,173$14,102,219
76$20,441,004$6,168,700$4,194,878$15,318,004
77$22,450,011$6,394,991$4,259,431$16,650,482
78$24,661,543$6,629,977$4,323,753$18,111,307
79$27,096,184$6,874,008$4,387,762$19,713,311
80$29,776,610$7,127,451$4,451,368$21,470,624
81$32,727,814$7,390,686$4,514,478$23,398,810
82$35,977,332$7,664,109$4,576,994$25,515,009
83$39,555,505$7,948,136$4,638,809$27,838,099
84$43,495,770$8,243,198$4,699,812$30,388,875
85$47,834,968$8,549,744$4,759,885$33,190,237
86$52,613,697$8,868,244$4,818,903$36,267,413
87$57,876,692$9,199,187$4,876,735$39,648,191
88$63,673,250$9,543,082$4,933,241$43,363,180
89$70,057,690$9,900,462$4,988,273$47,446,098
90$77,089,871$10,271,881$5,041,677$51,934,089
91$84,835,753$10,657,918$5,093,288$56,868,072
92$93,368,020$11,059,176$5,142,933$62,293,124
93$102,766,768$11,476,285$5,190,431$68,258,903
94$113,120,257$11,909,902$5,235,589$74,820,120
95$124,525,747$12,360,711$5,278,205$82,037,046
96$137,090,415$12,829,427$5,318,067$89,976,085
97$150,932,364$13,316,796$5,354,949$98,710,395
98$166,181,743$13,823,597$5,388,617$108,320,576
99$182,981,967$14,350,640$5,418,823$118,895,434
100$201,491,080$14,898,773$5,445,305$130,532,808