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

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 $2,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$232,047$229,980$227,964$225,995$224,073$218,923
2 years$114,875$112,735$110,662$108,652$106,702$101,541
3 years$75,822$73,674$71,606$69,614$67,696$62,687
4 years$56,300$54,158$52,111$50,153$48,281$43,462
5 years$44,590$42,461$40,440$38,522$36,703$32,086
6 years$36,785$34,672$32,681$30,807$29,042$24,633
7 years$31,213$29,118$27,158$25,328$23,619$19,419
8 years$27,036$24,959$23,033$21,247$19,594$15,601
9 years$23,788$21,732$19,838$18,098$16,501$12,712
10 years$21,192$19,155$17,295$15,600$14,060$10,471
11 years$19,069$17,053$15,226$13,577$12,092$8,698
12 years$17,301$15,306$13,513$11,909$10,478$7,274
13 years$15,807$13,832$12,073$10,514$9,137$6,117
14 years$14,527$12,573$10,848$9,333$8,010$5,166
15 years$13,418$11,485$9,794$8,323$7,052$4,380
16 years$12,449$10,538$8,880$7,453$6,233$3,724
17 years$11,595$9,705$8,080$6,696$5,527$3,175
18 years$10,837$8,968$7,376$6,035$4,914$2,712
19 years$10,159$8,311$6,752$5,453$4,380$2,322
20 years$9,550$7,723$6,197$4,938$3,912$1,990
21 years$9,000$7,194$5,700$4,482$3,501$1,708
22 years$8,500$6,715$5,254$4,075$3,138$1,468
23 years$8,045$6,281$4,851$3,711$2,817$1,262
24 years$7,628$5,884$4,486$3,385$2,532$1,086
25 years$7,245$5,522$4,155$3,091$2,278$936
26 years$6,892$5,190$3,854$2,827$2,052$807
27 years$6,565$4,884$3,578$2,587$1,850$696
28 years$6,263$4,603$3,327$2,370$1,670$600
29 years$5,982$4,342$3,096$2,174$1,508$518
30 years$5,720$4,101$2,883$1,995$1,362$447
31 years$5,475$3,876$2,688$1,832$1,232$386
32 years$5,247$3,668$2,508$1,684$1,114$333
33 years$5,032$3,474$2,342$1,548$1,008$288
34 years$4,831$3,292$2,188$1,425$913$249
35 years$4,641$3,123$2,046$1,312$827$215
36 years$4,463$2,964$1,914$1,208$749$186
37 years$4,294$2,815$1,791$1,113$679$161
38 years$4,135$2,675$1,677$1,026$616$139
39 years$3,985$2,544$1,572$946$558$120
40 years$3,842$2,420$1,473$872$506$104
41 years$3,706$2,304$1,381$805$459$90
42 years$3,578$2,194$1,296$743$417$78
43 years$3,455$2,090$1,216$686$378$67
44 years$3,339$1,993$1,141$633$343$58
45 years$3,228$1,900$1,072$585$312$50
46 years$3,122$1,813$1,006$540$283$43
47 years$3,021$1,730$946$499$257$38
48 years$2,924$1,651$889$461$233$32
49 years$2,832$1,577$835$426$212$28
50 years$2,744$1,506$785$394$193$24

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 $2,711 every year, while hoping to spend $51,150 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: 67/27/6 Blend
54$2,810,000$2,810,000$2,810,000$2,810,000
55$3,099,416$2,950,486$2,906,931$3,304,114
56$3,361,134$3,040,637$2,949,890$3,530,330
57$3,647,832$3,133,491$2,992,574$3,771,100
58$3,962,005$3,229,126$3,034,920$4,032,927
59$4,306,399$3,327,623$3,076,859$4,317,858
60$4,684,041$3,429,065$3,118,323$4,628,145
61$5,098,261$3,533,537$3,159,235$4,966,269
62$5,552,729$3,641,127$3,199,515$5,334,959
63$6,051,489$3,751,923$3,239,080$5,737,220
64$6,598,991$3,866,018$3,277,840$6,176,360
65$7,200,142$3,983,507$3,315,701$6,656,022
66$7,860,345$4,104,486$3,352,565$7,180,216
67$8,585,550$4,229,056$3,388,326$7,753,358
68$9,382,314$4,357,318$3,422,873$8,380,313
69$10,257,862$4,489,378$3,456,091$9,066,436
70$11,220,149$4,625,343$3,487,856$9,817,625
71$12,277,944$4,765,325$3,518,038$10,640,376
72$13,440,903$4,909,435$3,546,502$11,541,846
73$14,719,669$5,057,791$3,573,103$12,529,913
74$16,125,964$5,210,512$3,597,691$13,613,260
75$17,672,706$5,367,720$3,620,107$14,801,448
76$19,374,125$5,529,541$3,640,183$16,105,009
77$21,245,900$5,696,103$3,657,744$17,535,547
78$23,305,309$5,867,539$3,672,606$19,105,843
79$25,571,386$6,043,984$3,684,573$20,829,978
80$28,065,104$6,225,576$3,693,443$22,723,464
81$30,809,572$6,412,457$3,699,001$24,803,392
82$33,830,254$6,604,773$3,701,023$27,088,588
83$37,155,206$6,802,672$3,699,273$29,599,797
84$40,815,342$7,006,309$3,693,504$32,359,871
85$44,844,727$7,215,838$3,683,456$35,393,990
86$49,280,895$7,431,419$3,668,858$38,729,896
87$54,165,205$7,653,218$3,649,424$42,398,156
88$59,543,231$7,881,401$3,624,854$46,432,447
89$65,465,191$8,116,139$3,594,837$50,869,877
90$71,986,420$8,357,610$3,559,044$55,751,332
91$79,167,893$8,605,991$3,517,130$61,121,863
92$87,076,801$8,861,467$3,468,737$67,031,107
93$95,787,181$9,124,226$3,413,486$73,533,762
94$105,380,620$9,394,459$3,350,984$80,690,095
95$115,947,018$9,672,363$3,280,817$88,566,515
96$127,585,443$9,958,137$3,202,553$97,236,196
97$140,405,059$10,251,987$3,115,740$106,779,771
98$154,526,162$10,554,122$3,019,904$117,286,089
99$170,081,311$10,864,754$2,914,552$128,853,052
100$187,216,580$11,184,102$2,799,164$141,588,544