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%12.7%
1 years$232,047$229,980$227,964$225,995$224,073$221,549
2 years$114,875$112,735$110,662$108,652$106,702$104,160
3 years$75,822$73,674$71,606$69,614$67,696$65,217
4 years$56,300$54,158$52,111$50,153$48,281$45,883
5 years$44,590$42,461$40,440$38,522$36,703$34,392
6 years$36,785$34,672$32,681$30,807$29,042$26,822
7 years$31,213$29,118$27,158$25,328$23,619$21,491
8 years$27,036$24,959$23,033$21,247$19,594$17,558
9 years$23,788$21,732$19,838$18,098$16,501$14,556
10 years$21,192$19,155$17,295$15,600$14,060$12,204
11 years$19,069$17,053$15,226$13,577$12,092$10,324
12 years$17,301$15,306$13,513$11,909$10,478$8,797
13 years$15,807$13,832$12,073$10,514$9,137$7,540
14 years$14,527$12,573$10,848$9,333$8,010$6,494
15 years$13,418$11,485$9,794$8,323$7,052$5,616
16 years$12,449$10,538$8,880$7,453$6,233$4,874
17 years$11,595$9,705$8,080$6,696$5,527$4,242
18 years$10,837$8,968$7,376$6,035$4,914$3,701
19 years$10,159$8,311$6,752$5,453$4,380$3,236
20 years$9,550$7,723$6,197$4,938$3,912$2,835
21 years$9,000$7,194$5,700$4,482$3,501$2,487
22 years$8,500$6,715$5,254$4,075$3,138$2,185
23 years$8,045$6,281$4,851$3,711$2,817$1,922
24 years$7,628$5,884$4,486$3,385$2,532$1,692
25 years$7,245$5,522$4,155$3,091$2,278$1,491
26 years$6,892$5,190$3,854$2,827$2,052$1,316
27 years$6,565$4,884$3,578$2,587$1,850$1,161
28 years$6,263$4,603$3,327$2,370$1,670$1,026
29 years$5,982$4,342$3,096$2,174$1,508$906
30 years$5,720$4,101$2,883$1,995$1,362$801
31 years$5,475$3,876$2,688$1,832$1,232$709
32 years$5,247$3,668$2,508$1,684$1,114$627
33 years$5,032$3,474$2,342$1,548$1,008$555
34 years$4,831$3,292$2,188$1,425$913$491
35 years$4,641$3,123$2,046$1,312$827$435
36 years$4,463$2,964$1,914$1,208$749$385
37 years$4,294$2,815$1,791$1,113$679$341
38 years$4,135$2,675$1,677$1,026$616$303
39 years$3,985$2,544$1,572$946$558$268
40 years$3,842$2,420$1,473$872$506$238
41 years$3,706$2,304$1,381$805$459$211
42 years$3,578$2,194$1,296$743$417$187
43 years$3,455$2,090$1,216$686$378$166
44 years$3,339$1,993$1,141$633$343$147
45 years$3,228$1,900$1,072$585$312$130
46 years$3,122$1,813$1,006$540$283$115
47 years$3,021$1,730$946$499$257$102
48 years$2,924$1,651$889$461$233$91
49 years$2,832$1,577$835$426$212$81
50 years$2,744$1,506$785$394$193$71

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 $6,789 every year, while hoping to spend $21,495 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: 42/40/18 Blend
54$2,810,000$2,810,000$2,810,000$2,810,000
55$3,103,623$2,954,693$2,911,138$3,217,349
56$3,397,322$3,076,602$2,985,790$3,420,371
57$3,720,258$3,203,765$3,062,224$3,637,465
58$4,075,390$3,336,415$3,140,474$3,872,102
59$4,465,979$3,474,799$3,220,579$4,125,903
60$4,895,618$3,619,173$3,302,577$4,400,644
61$5,368,264$3,769,806$3,386,507$4,698,278
62$5,888,279$3,926,978$3,472,407$5,020,949
63$6,460,468$4,090,984$3,560,317$5,371,011
64$7,090,124$4,262,131$3,650,276$5,751,051
65$7,783,083$4,440,742$3,742,326$6,163,912
66$8,545,771$4,627,151$3,836,508$6,612,718
67$9,385,270$4,821,713$3,932,862$7,100,902
68$10,309,385$5,024,794$4,031,430$7,632,239
69$11,326,715$5,236,782$4,132,256$8,210,878
70$12,446,734$5,458,078$4,235,380$8,841,381
71$13,679,883$5,689,106$4,340,848$9,528,768
72$15,037,666$5,930,307$4,448,701$10,278,555
73$16,532,760$6,182,144$4,558,984$11,096,811
74$18,179,133$6,445,100$4,671,741$11,990,215
75$19,992,176$6,719,682$4,787,017$12,966,109
76$21,988,852$7,006,420$4,904,855$14,032,576
77$24,187,849$7,305,869$5,025,302$15,198,507
78$26,609,761$7,618,608$5,148,401$16,473,685
79$29,277,283$7,945,247$5,274,200$17,868,879
80$32,215,423$8,286,420$5,402,742$19,395,937
81$35,451,736$8,642,795$5,534,074$21,067,902
82$39,016,589$9,015,068$5,668,241$22,899,131
83$42,943,443$9,403,968$5,805,289$24,905,424
84$47,269,172$9,810,260$5,945,264$27,104,178
85$52,034,408$10,234,744$6,088,211$29,514,543
86$57,283,928$10,678,257$6,234,176$32,157,604
87$63,067,072$11,141,674$6,383,205$35,056,573
88$69,438,213$11,625,916$6,535,341$38,237,011
89$76,457,266$12,131,941$6,690,631$41,727,059
90$84,190,258$12,660,757$6,849,117$45,557,709
91$92,709,947$13,213,417$7,010,846$49,763,086
92$102,096,511$13,791,024$7,175,859$54,380,770
93$112,438,305$14,394,733$7,344,199$59,452,150
94$123,832,692$15,025,755$7,515,910$65,022,803
95$136,386,965$15,685,356$7,691,032$71,142,930
96$150,219,359$16,374,862$7,869,605$77,867,817
97$165,460,167$17,095,664$8,051,670$85,258,361
98$182,252,967$17,849,215$8,237,264$93,381,633
99$200,755,984$18,637,040$8,426,426$102,311,512
100$221,143,573$19,460,734$8,619,191$112,129,373