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%15.9%
1 years$230,396$228,343$226,341$224,387$222,479$217,100
2 years$114,057$111,933$109,874$107,878$105,942$100,556
3 years$75,283$73,149$71,096$69,119$67,214$61,988
4 years$55,899$53,773$51,740$49,796$47,938$42,912
5 years$44,272$42,158$40,152$38,248$36,441$31,631
6 years$36,524$34,425$32,449$30,587$28,835$24,244
7 years$30,991$28,910$26,965$25,148$23,450$19,080
8 years$26,843$24,782$22,869$21,096$19,454$15,302
9 years$23,619$21,577$19,697$17,969$16,383$12,446
10 years$21,041$19,019$17,172$15,489$13,960$10,232
11 years$18,933$16,931$15,118$13,480$12,006$8,484
12 years$17,178$15,197$13,417$11,824$10,404$7,081
13 years$15,694$13,733$11,987$10,439$9,072$5,942
14 years$14,423$12,483$10,770$9,266$7,953$5,009
15 years$13,323$11,404$9,724$8,264$7,002$4,237
16 years$12,361$10,463$8,816$7,400$6,189$3,595
17 years$11,513$9,636$8,023$6,648$5,487$3,059
18 years$10,760$8,904$7,324$5,992$4,879$2,607
19 years$10,087$8,252$6,704$5,414$4,349$2,226
20 years$9,482$7,668$6,153$4,903$3,884$1,904
21 years$8,936$7,143$5,660$4,450$3,476$1,631
22 years$8,440$6,667$5,216$4,046$3,116$1,398
23 years$7,987$6,236$4,816$3,685$2,797$1,199
24 years$7,573$5,843$4,454$3,361$2,514$1,030
25 years$7,193$5,483$4,125$3,069$2,262$885
26 years$6,843$5,153$3,826$2,806$2,038$761
27 years$6,519$4,850$3,553$2,569$1,837$655
28 years$6,218$4,570$3,303$2,354$1,658$563
29 years$5,939$4,311$3,074$2,158$1,497$485
30 years$5,679$4,071$2,863$1,981$1,353$418
31 years$5,436$3,849$2,669$1,819$1,223$360
32 years$5,209$3,642$2,490$1,672$1,106$310
33 years$4,996$3,449$2,325$1,537$1,001$267
34 years$4,797$3,269$2,173$1,415$906$230
35 years$4,608$3,100$2,031$1,302$821$198
36 years$4,431$2,943$1,900$1,199$744$171
37 years$4,264$2,795$1,778$1,105$674$148
38 years$4,106$2,656$1,665$1,018$611$127
39 years$3,956$2,526$1,560$939$554$110
40 years$3,814$2,403$1,463$866$503$95
41 years$3,680$2,287$1,371$799$456$82
42 years$3,552$2,178$1,286$738$414$70
43 years$3,431$2,076$1,207$681$376$61
44 years$3,315$1,978$1,133$629$341$52
45 years$3,205$1,887$1,064$581$309$45
46 years$3,100$1,800$999$536$281$39
47 years$2,999$1,718$939$495$255$34
48 years$2,903$1,640$882$458$232$29
49 years$2,812$1,566$829$423$210$25
50 years$2,724$1,496$780$391$191$22

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 $5,412 every year, while hoping to spend $25,913 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: 56/24/20 Blend
54$2,790,000$2,790,000$2,790,000$2,790,000
55$3,080,162$2,932,292$2,889,047$3,235,808
56$3,366,768$3,048,404$2,958,259$3,458,722
57$3,681,738$3,169,336$3,028,921$3,698,214
58$4,027,940$3,295,297$3,101,055$3,958,552
59$4,408,530$3,426,507$3,174,680$4,241,743
60$4,826,988$3,563,193$3,249,819$4,549,997
61$5,287,144$3,705,594$3,326,492$4,885,742
62$5,793,223$3,853,958$3,404,719$5,251,652
63$6,349,875$4,008,545$3,484,521$5,650,666
64$6,962,227$4,169,629$3,565,917$6,086,021
65$7,635,926$4,337,492$3,648,927$6,561,278
66$8,377,194$4,512,433$3,733,569$7,080,354
67$9,192,887$4,694,761$3,819,863$7,647,564
68$10,090,559$4,884,802$3,907,826$8,267,654
69$11,078,533$5,082,894$3,997,476$8,945,851
70$12,165,981$5,289,394$4,088,829$9,687,906
71$13,363,008$5,504,671$4,181,902$10,500,153
72$14,680,749$5,729,114$4,276,709$11,389,564
73$16,131,473$5,963,128$4,373,267$12,363,816
74$17,728,699$6,207,138$4,471,587$13,431,363
75$19,487,325$6,461,586$4,571,683$14,601,510
76$21,423,764$6,726,936$4,673,567$15,884,508
77$23,556,106$7,003,673$4,777,250$17,291,643
78$25,904,281$7,292,305$4,882,740$18,835,346
79$28,490,251$7,593,362$4,990,045$20,529,304
80$31,338,218$7,907,398$5,099,173$22,388,593
81$34,474,849$8,234,994$5,210,128$24,429,819
82$37,929,531$8,576,756$5,322,915$26,671,270
83$41,734,646$8,933,319$5,437,534$29,133,089
84$45,925,875$9,305,347$5,553,987$31,837,465
85$50,542,540$9,693,535$5,672,272$34,808,838
86$55,627,970$10,098,609$5,792,384$38,074,128
87$61,229,912$10,521,330$5,914,318$41,662,993
88$67,400,981$10,962,492$6,038,065$45,608,100
89$74,199,155$11,422,929$6,163,614$49,945,437
90$81,688,326$11,903,510$6,290,953$54,714,649
91$89,938,900$12,405,146$6,420,064$59,959,411
92$99,028,461$12,928,791$6,550,929$65,727,837
93$109,042,504$13,475,442$6,683,526$72,072,937
94$120,075,244$14,046,143$6,817,828$79,053,108
95$132,230,501$14,641,986$6,953,807$86,732,690
96$145,622,683$15,264,115$7,091,431$95,182,567
97$160,377,864$15,913,724$7,230,662$104,480,837
98$176,634,977$16,592,067$7,371,460$114,713,543
99$194,547,120$17,300,454$7,513,779$125,975,487
100$214,283,006$18,040,256$7,657,571$138,371,120