Can I retire at age 55 with 2,810,000?

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 $2,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$232,047$229,980$227,964$225,995$224,073$220,816
2 years$114,875$112,735$110,662$108,652$106,702$103,427
3 years$75,822$73,674$71,606$69,614$67,696$64,505
4 years$56,300$54,158$52,111$50,153$48,281$45,200
5 years$44,590$42,461$40,440$38,522$36,703$33,739
6 years$36,785$34,672$32,681$30,807$29,042$26,199
7 years$31,213$29,118$27,158$25,328$23,619$20,898
8 years$27,036$24,959$23,033$21,247$19,594$16,995
9 years$23,788$21,732$19,838$18,098$16,501$14,023
10 years$21,192$19,155$17,295$15,600$14,060$11,700
11 years$19,069$17,053$15,226$13,577$12,092$9,849
12 years$17,301$15,306$13,513$11,909$10,478$8,349
13 years$15,807$13,832$12,073$10,514$9,137$7,119
14 years$14,527$12,573$10,848$9,333$8,010$6,099
15 years$13,418$11,485$9,794$8,323$7,052$5,246
16 years$12,449$10,538$8,880$7,453$6,233$4,527
17 years$11,595$9,705$8,080$6,696$5,527$3,918
18 years$10,837$8,968$7,376$6,035$4,914$3,399
19 years$10,159$8,311$6,752$5,453$4,380$2,955
20 years$9,550$7,723$6,197$4,938$3,912$2,573
21 years$9,000$7,194$5,700$4,482$3,501$2,244
22 years$8,500$6,715$5,254$4,075$3,138$1,959
23 years$8,045$6,281$4,851$3,711$2,817$1,713
24 years$7,628$5,884$4,486$3,385$2,532$1,499
25 years$7,245$5,522$4,155$3,091$2,278$1,313
26 years$6,892$5,190$3,854$2,827$2,052$1,151
27 years$6,565$4,884$3,578$2,587$1,850$1,009
28 years$6,263$4,603$3,327$2,370$1,670$886
29 years$5,982$4,342$3,096$2,174$1,508$777
30 years$5,720$4,101$2,883$1,995$1,362$683
31 years$5,475$3,876$2,688$1,832$1,232$600
32 years$5,247$3,668$2,508$1,684$1,114$527
33 years$5,032$3,474$2,342$1,548$1,008$464
34 years$4,831$3,292$2,188$1,425$913$408
35 years$4,641$3,123$2,046$1,312$827$359
36 years$4,463$2,964$1,914$1,208$749$316
37 years$4,294$2,815$1,791$1,113$679$278
38 years$4,135$2,675$1,677$1,026$616$244
39 years$3,985$2,544$1,572$946$558$215
40 years$3,842$2,420$1,473$872$506$189
41 years$3,706$2,304$1,381$805$459$167
42 years$3,578$2,194$1,296$743$417$147
43 years$3,455$2,090$1,216$686$378$129
44 years$3,339$1,993$1,141$633$343$114
45 years$3,228$1,900$1,072$585$312$100
46 years$3,122$1,813$1,006$540$283$88
47 years$3,021$1,730$946$499$257$78
48 years$2,924$1,651$889$461$233$68
49 years$2,832$1,577$835$426$212$60
50 years$2,744$1,506$785$394$193$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,810,000, adding $2,169 every year, while hoping to spend $29,100 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: 33/46/21 Blend
54$2,810,000$2,810,000$2,810,000$2,810,000
55$3,098,857$2,949,927$2,906,372$3,181,031
56$3,383,979$3,063,512$2,972,774$3,356,038
57$3,697,207$3,181,686$3,040,424$3,541,715
58$4,041,379$3,304,645$3,109,335$3,741,229
59$4,419,618$3,432,592$3,179,516$3,955,816
60$4,835,367$3,565,737$3,250,978$4,186,833
61$5,292,419$3,704,302$3,323,730$4,435,767
62$5,794,951$3,848,518$3,397,781$4,704,252
63$6,347,567$3,998,626$3,473,137$4,994,078
64$6,955,337$4,154,878$3,549,806$5,307,214
65$7,623,850$4,317,536$3,627,793$5,645,819
66$8,359,262$4,486,874$3,707,104$6,012,267
67$9,168,357$4,663,181$3,787,741$6,409,162
68$10,058,607$4,846,754$3,869,708$6,839,369
69$11,038,247$5,037,908$3,953,006$7,306,032
70$12,116,352$5,236,968$4,037,635$7,812,610
71$13,302,917$5,444,277$4,123,593$8,362,902
72$14,608,959$5,660,191$4,210,877$8,961,086
73$16,046,615$5,885,083$4,299,484$9,611,756
74$17,629,260$6,119,342$4,389,407$10,319,960
75$19,371,630$6,363,375$4,480,638$11,091,255
76$21,289,963$6,617,608$4,573,166$11,931,746
77$23,402,153$6,882,485$4,666,981$12,848,155
78$25,727,916$7,158,470$4,762,068$13,847,871
79$28,288,977$7,446,048$4,858,411$14,939,026
80$31,109,276$7,745,728$4,955,991$16,130,568
81$34,215,192$8,058,038$5,054,787$17,432,340
82$37,635,794$8,383,535$5,154,775$18,855,175
83$41,403,113$8,722,796$5,255,927$20,410,998
84$45,552,445$9,076,428$5,358,216$22,112,928
85$50,122,685$9,445,063$5,461,606$23,975,409
86$55,156,692$9,829,364$5,566,063$26,014,339
87$60,701,695$10,230,023$5,671,546$28,247,218
88$66,809,737$10,647,763$5,778,012$30,693,313
89$73,538,168$11,083,341$5,885,414$33,373,835
90$80,950,185$11,537,549$5,993,699$36,312,136
91$89,115,428$12,011,213$6,102,812$39,533,928
92$98,110,638$12,505,199$6,212,693$43,067,525
93$108,020,381$13,020,411$6,323,275$46,944,101
94$118,937,845$13,557,797$6,434,490$51,197,988
95$130,965,721$14,118,345$6,546,261$55,866,991
96$144,217,171$14,703,090$6,658,508$60,992,744
97$158,816,896$15,313,116$6,771,142$66,621,101
98$174,902,316$15,949,554$6,884,071$72,802,561
99$192,624,860$16,613,590$6,997,196$79,592,744
100$212,151,403$17,306,463$7,110,409$87,052,911