Can I retire at age 55 with 2,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$231,221$229,162$227,152$225,191$223,276$218,322
2 years$114,466$112,334$110,268$108,265$106,322$101,356
3 years$75,553$73,412$71,351$69,366$67,455$62,633
4 years$56,100$53,965$51,925$49,975$48,109$43,469
5 years$44,431$42,309$40,296$38,385$36,572$32,125
6 years$36,655$34,549$32,565$30,697$28,938$24,690
7 years$31,102$29,014$27,062$25,238$23,535$19,486
8 years$26,940$24,870$22,951$21,171$19,524$15,673
9 years$23,704$21,654$19,767$18,033$16,442$12,786
10 years$21,117$19,087$17,234$15,545$14,010$10,545
11 years$19,001$16,992$15,172$13,529$12,049$8,770
12 years$17,240$15,251$13,465$11,866$10,441$7,344
13 years$15,750$13,783$12,030$10,476$9,105$6,184
14 years$14,475$12,528$10,809$9,300$7,981$5,230
15 years$13,370$11,445$9,759$8,294$7,027$4,440
16 years$12,405$10,500$8,848$7,426$6,211$3,781
17 years$11,554$9,670$8,051$6,672$5,507$3,228
18 years$10,799$8,936$7,350$6,013$4,896$2,762
19 years$10,123$8,282$6,728$5,433$4,364$2,367
20 years$9,516$7,696$6,175$4,921$3,898$2,032
21 years$8,968$7,168$5,680$4,466$3,489$1,747
22 years$8,470$6,691$5,235$4,061$3,127$1,503
23 years$8,016$6,258$4,833$3,698$2,807$1,295
24 years$7,601$5,864$4,470$3,373$2,523$1,117
25 years$7,219$5,503$4,140$3,080$2,270$963
26 years$6,867$5,172$3,840$2,816$2,045$832
27 years$6,542$4,867$3,566$2,578$1,844$718
28 years$6,241$4,586$3,315$2,362$1,664$621
29 years$5,961$4,327$3,085$2,166$1,502$536
30 years$5,700$4,086$2,873$1,988$1,357$464
31 years$5,456$3,863$2,679$1,826$1,227$401
32 years$5,228$3,655$2,499$1,678$1,110$347
33 years$5,014$3,461$2,334$1,543$1,005$300
34 years$4,814$3,280$2,180$1,420$910$260
35 years$4,625$3,111$2,038$1,307$824$225
36 years$4,447$2,953$1,907$1,204$746$195
37 years$4,279$2,805$1,785$1,109$677$169
38 years$4,120$2,666$1,671$1,022$613$146
39 years$3,970$2,535$1,566$942$556$127
40 years$3,828$2,412$1,468$869$504$110
41 years$3,693$2,296$1,376$802$458$95
42 years$3,565$2,186$1,291$740$415$82
43 years$3,443$2,083$1,211$683$377$71
44 years$3,327$1,986$1,137$631$342$62
45 years$3,216$1,893$1,068$583$311$53
46 years$3,111$1,806$1,003$538$282$46
47 years$3,010$1,724$942$497$256$40
48 years$2,914$1,646$885$459$233$35
49 years$2,822$1,571$832$425$211$30
50 years$2,734$1,501$782$392$192$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,800,000, adding $3,601 every year, while hoping to spend $35,260 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: 73/5/22 Blend
54$2,800,000$2,800,000$2,800,000$2,800,000
55$3,089,314$2,940,914$2,897,514$3,297,976
56$3,366,908$3,047,503$2,957,065$3,543,894
57$3,671,635$3,158,132$3,017,428$3,808,661
58$4,006,224$3,272,964$3,078,595$4,097,858
59$4,373,685$3,392,164$3,140,553$4,413,911
60$4,777,329$3,515,909$3,203,291$4,759,491
61$5,220,807$3,644,379$3,266,791$5,137,541
62$5,708,140$3,777,764$3,331,040$5,551,301
63$6,243,758$3,916,262$3,396,017$6,004,342
64$6,832,540$4,060,078$3,461,702$6,500,595
65$7,479,863$4,209,426$3,528,073$7,044,393
66$8,191,651$4,364,530$3,595,106$7,640,506
67$8,974,430$4,525,622$3,662,772$8,294,191
68$9,835,390$4,692,946$3,731,044$9,011,238
69$10,782,454$4,866,754$3,799,887$9,798,027
70$11,824,349$5,047,310$3,869,269$10,661,584
71$12,970,694$5,234,889$3,939,150$11,609,654
72$14,232,084$5,429,778$4,009,491$12,650,765
73$15,620,194$5,632,275$4,080,247$13,794,317
74$17,147,890$5,842,692$4,151,371$15,050,663
75$18,829,345$6,061,355$4,222,812$16,431,213
76$20,680,178$6,288,601$4,294,516$17,948,537
77$22,717,599$6,524,786$4,366,425$19,616,484
78$24,960,570$6,770,276$4,438,477$21,450,313
79$27,429,987$7,025,458$4,510,604$23,466,841
80$30,148,872$7,290,731$4,582,735$25,684,592
81$33,142,595$7,566,516$4,654,796$28,123,982
82$36,439,112$7,853,248$4,726,704$30,807,504
83$40,069,228$8,151,383$4,798,374$33,759,942
84$44,066,884$8,461,396$4,869,715$37,008,608
85$48,469,486$8,783,784$4,940,630$40,583,595
86$53,318,248$9,119,063$5,011,015$44,518,064
87$58,658,587$9,467,775$5,080,762$48,848,554
88$64,540,550$9,830,483$5,149,755$53,615,330
89$71,019,285$10,207,776$5,217,870$58,862,758
90$78,155,562$10,600,267$5,284,979$64,639,729
91$86,016,347$11,008,598$5,350,944$71,000,118
92$94,675,433$11,433,438$5,415,619$78,003,289
93$104,214,137$11,875,486$5,478,852$85,714,662
94$114,722,066$12,335,472$5,540,480$94,206,322
95$126,297,963$12,814,156$5,600,333$103,557,708
96$139,050,640$13,312,335$5,658,229$113,856,354
97$153,100,004$13,830,838$5,713,979$125,198,721
98$168,578,189$14,370,534$5,767,381$137,691,106
99$185,630,801$14,932,327$5,818,225$151,450,643
100$204,418,295$15,517,163$5,866,288$166,606,411