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

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 $2,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$231,221$229,162$227,152$225,191$223,276$215,268
2 years$114,466$112,334$110,268$108,265$106,322$98,341
3 years$75,553$73,412$71,351$69,366$67,455$59,752
4 years$56,100$53,965$51,925$49,975$48,109$40,742
5 years$44,431$42,309$40,296$38,385$36,572$29,561
6 years$36,655$34,549$32,565$30,697$28,938$22,288
7 years$31,102$29,014$27,062$25,238$23,535$17,243
8 years$26,940$24,870$22,951$21,171$19,524$13,587
9 years$23,704$21,654$19,767$18,033$16,442$10,851
10 years$21,117$19,087$17,234$15,545$14,010$8,755
11 years$19,001$16,992$15,172$13,529$12,049$7,120
12 years$17,240$15,251$13,465$11,866$10,441$5,826
13 years$15,750$13,783$12,030$10,476$9,105$4,791
14 years$14,475$12,528$10,809$9,300$7,981$3,955
15 years$13,370$11,445$9,759$8,294$7,027$3,276
16 years$12,405$10,500$8,848$7,426$6,211$2,720
17 years$11,554$9,670$8,051$6,672$5,507$2,264
18 years$10,799$8,936$7,350$6,013$4,896$1,887
19 years$10,123$8,282$6,728$5,433$4,364$1,576
20 years$9,516$7,696$6,175$4,921$3,898$1,317
21 years$8,968$7,168$5,680$4,466$3,489$1,102
22 years$8,470$6,691$5,235$4,061$3,127$923
23 years$8,016$6,258$4,833$3,698$2,807$773
24 years$7,601$5,864$4,470$3,373$2,523$649
25 years$7,219$5,503$4,140$3,080$2,270$544
26 years$6,867$5,172$3,840$2,816$2,045$457
27 years$6,542$4,867$3,566$2,578$1,844$383
28 years$6,241$4,586$3,315$2,362$1,664$322
29 years$5,961$4,327$3,085$2,166$1,502$270
30 years$5,700$4,086$2,873$1,988$1,357$227
31 years$5,456$3,863$2,679$1,826$1,227$191
32 years$5,228$3,655$2,499$1,678$1,110$160
33 years$5,014$3,461$2,334$1,543$1,005$135
34 years$4,814$3,280$2,180$1,420$910$113
35 years$4,625$3,111$2,038$1,307$824$95
36 years$4,447$2,953$1,907$1,204$746$80
37 years$4,279$2,805$1,785$1,109$677$67
38 years$4,120$2,666$1,671$1,022$613$57
39 years$3,970$2,535$1,566$942$556$48
40 years$3,828$2,412$1,468$869$504$40
41 years$3,693$2,296$1,376$802$458$34
42 years$3,565$2,186$1,291$740$415$28
43 years$3,443$2,083$1,211$683$377$24
44 years$3,327$1,986$1,137$631$342$20
45 years$3,216$1,893$1,068$583$311$17
46 years$3,111$1,806$1,003$538$282$14
47 years$3,010$1,724$942$497$256$12
48 years$2,914$1,646$885$459$233$10
49 years$2,822$1,571$832$425$211$8
50 years$2,734$1,501$782$392$192$7

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 $4,222 every year, while hoping to spend $34,938 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: 51/33/16 Blend
54$2,800,000$2,800,000$2,800,000$2,800,000
55$3,089,955$2,941,555$2,898,155$3,233,813
56$3,367,957$3,048,517$2,958,069$3,440,045
57$3,673,143$3,159,550$3,018,820$3,660,134
58$4,008,252$3,274,815$3,080,398$3,898,644
59$4,376,295$3,394,483$3,142,793$4,157,326
60$4,780,593$3,518,729$3,205,993$4,438,105
61$5,224,804$3,647,737$3,269,984$4,743,099
62$5,712,958$3,781,700$3,334,752$5,074,635
63$6,249,492$3,920,816$3,400,279$5,435,276
64$6,839,298$4,065,294$3,466,546$5,827,837
65$7,487,764$4,215,350$3,533,533$6,255,420
66$8,200,825$4,371,212$3,601,215$6,721,435
67$8,985,022$4,533,114$3,669,569$7,229,636
68$9,847,559$4,701,302$3,738,564$7,784,151
69$10,796,377$4,876,032$3,808,173$8,389,527
70$11,840,221$5,057,572$3,878,361$9,050,767
71$12,988,730$5,246,199$3,949,092$9,773,379
72$14,252,523$5,442,204$4,020,329$10,563,423
73$15,643,298$5,645,891$4,092,028$11,427,575
74$17,173,949$5,857,574$4,164,145$12,373,181
75$18,858,680$6,077,583$4,236,632$13,408,331
76$20,713,143$6,306,262$4,309,437$14,541,932
77$22,754,583$6,543,969$4,382,503$15,783,791
78$25,002,005$6,791,077$4,455,771$17,144,710
79$27,476,347$7,047,977$4,529,176$18,636,579
80$30,200,681$7,315,076$4,602,651$20,272,497
81$33,200,434$7,592,797$4,676,122$22,066,887
82$36,503,618$7,881,584$4,749,512$24,035,634
83$40,141,104$8,181,899$4,822,738$26,196,236
84$44,146,909$8,494,224$4,895,712$28,567,962
85$48,558,515$8,819,062$4,968,340$31,172,037
86$53,417,226$9,156,939$5,040,522$34,031,841
87$58,768,557$9,508,403$5,112,154$37,173,125
88$64,662,661$9,874,026$5,183,122$40,624,258
89$71,154,805$10,254,406$5,253,309$44,416,487
90$78,305,889$10,650,165$5,322,588$48,584,235
91$86,183,022$11,061,956$5,390,828$53,165,422
92$94,860,155$11,490,457$5,457,886$58,201,822
93$104,418,780$11,936,378$5,523,614$63,739,457
94$114,948,696$12,400,461$5,587,855$69,829,026
95$126,548,857$12,883,478$5,650,442$76,526,384
96$139,328,310$13,386,238$5,711,202$83,893,069
97$153,407,219$13,909,584$5,769,948$91,996,876
98$168,918,000$14,454,399$5,826,486$100,912,500
99$186,006,573$15,021,601$5,880,610$110,722,234
100$204,833,736$15,612,153$5,932,104$121,516,750