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%
1 years$232,047$229,980$227,964$225,995$224,073$222,196
2 years$114,875$112,735$110,662$108,652$106,702$104,809
3 years$75,822$73,674$71,606$69,614$67,696$65,848
4 years$56,300$54,158$52,111$50,153$48,281$46,491
5 years$44,590$42,461$40,440$38,522$36,703$34,976
6 years$36,785$34,672$32,681$30,807$29,042$27,380
7 years$31,213$29,118$27,158$25,328$23,619$22,024
8 years$27,036$24,959$23,033$21,247$19,594$18,065
9 years$23,788$21,732$19,838$18,098$16,501$15,038
10 years$21,192$19,155$17,295$15,600$14,060$12,662
11 years$19,069$17,053$15,226$13,577$12,092$10,758
12 years$17,301$15,306$13,513$11,909$10,478$9,207
13 years$15,807$13,832$12,073$10,514$9,137$7,927
14 years$14,527$12,573$10,848$9,333$8,010$6,859
15 years$13,418$11,485$9,794$8,323$7,052$5,960
16 years$12,449$10,538$8,880$7,453$6,233$5,197
17 years$11,595$9,705$8,080$6,696$5,527$4,545
18 years$10,837$8,968$7,376$6,035$4,914$3,986
19 years$10,159$8,311$6,752$5,453$4,380$3,502
20 years$9,550$7,723$6,197$4,938$3,912$3,084
21 years$9,000$7,194$5,700$4,482$3,501$2,720
22 years$8,500$6,715$5,254$4,075$3,138$2,402
23 years$8,045$6,281$4,851$3,711$2,817$2,124
24 years$7,628$5,884$4,486$3,385$2,532$1,881
25 years$7,245$5,522$4,155$3,091$2,278$1,666
26 years$6,892$5,190$3,854$2,827$2,052$1,478
27 years$6,565$4,884$3,578$2,587$1,850$1,312
28 years$6,263$4,603$3,327$2,370$1,670$1,165
29 years$5,982$4,342$3,096$2,174$1,508$1,035
30 years$5,720$4,101$2,883$1,995$1,362$921
31 years$5,475$3,876$2,688$1,832$1,232$819
32 years$5,247$3,668$2,508$1,684$1,114$729
33 years$5,032$3,474$2,342$1,548$1,008$649
34 years$4,831$3,292$2,188$1,425$913$578
35 years$4,641$3,123$2,046$1,312$827$515
36 years$4,463$2,964$1,914$1,208$749$459
37 years$4,294$2,815$1,791$1,113$679$409
38 years$4,135$2,675$1,677$1,026$616$364
39 years$3,985$2,544$1,572$946$558$325
40 years$3,842$2,420$1,473$872$506$290
41 years$3,706$2,304$1,381$805$459$258
42 years$3,578$2,194$1,296$743$417$230
43 years$3,455$2,090$1,216$686$378$206
44 years$3,339$1,993$1,141$633$343$183
45 years$3,228$1,900$1,072$585$312$164
46 years$3,122$1,813$1,006$540$283$146
47 years$3,021$1,730$946$499$257$130
48 years$2,924$1,651$889$461$233$116
49 years$2,832$1,577$835$426$212$104
50 years$2,744$1,506$785$394$193$93

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 $5,466 every year, while hoping to spend $44,751 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: 45/32/23 Blend
54$2,810,000$2,810,000$2,810,000$2,810,000
55$3,102,258$2,953,328$2,909,773$3,221,060
56$3,371,074$3,050,427$2,959,636$3,402,502
57$3,665,809$3,150,783$3,009,669$3,594,346
58$3,989,060$3,254,510$3,059,831$3,801,496
59$4,343,686$3,361,723$3,110,078$4,025,399
60$4,732,838$3,472,544$3,160,362$4,267,647
61$5,159,986$3,587,097$3,210,633$4,529,990
62$5,628,952$3,705,511$3,260,836$4,814,354
63$6,143,945$3,827,922$3,310,914$5,122,859
64$6,709,604$3,954,467$3,360,806$5,457,837
65$7,331,039$4,085,290$3,410,448$5,821,854
66$8,013,876$4,220,541$3,459,770$6,217,736
67$8,764,318$4,360,374$3,508,699$6,648,591
68$9,589,196$4,504,949$3,557,157$7,117,844
69$10,496,034$4,654,433$3,605,062$7,629,262
70$11,493,126$4,808,996$3,652,328$8,186,994
71$12,589,606$4,968,818$3,698,862$8,795,609
72$13,795,538$5,134,082$3,744,566$9,460,137
73$15,122,011$5,304,981$3,789,338$10,186,115
74$16,581,244$5,481,713$3,833,068$10,979,645
75$18,186,698$5,664,483$3,875,643$11,847,444
76$19,953,204$5,853,506$3,916,940$12,796,909
77$21,897,104$6,049,001$3,956,831$13,836,189
78$24,036,406$6,251,199$3,995,182$14,974,258
79$26,390,949$6,460,338$4,031,850$16,221,001
80$28,982,595$6,676,663$4,066,686$17,587,307
81$31,835,431$6,900,431$4,099,532$19,085,170
82$34,976,000$7,131,907$4,130,221$20,727,800
83$38,433,548$7,371,366$4,158,579$22,529,753
84$42,240,300$7,619,094$4,184,421$24,507,062
85$46,431,766$7,875,385$4,207,555$26,677,389
86$51,047,076$8,140,548$4,227,778$29,060,193
87$56,129,344$8,414,901$4,244,874$31,676,912
88$61,726,080$8,698,775$4,258,621$34,551,163
89$67,889,637$8,992,512$4,268,782$37,708,969
90$74,677,703$9,296,468$4,275,109$41,178,996
91$82,153,847$9,611,013$4,277,343$44,992,831
92$90,388,116$9,936,529$4,275,211$49,185,275
93$99,457,700$10,273,415$4,268,426$53,794,672
94$109,447,656$10,622,083$4,256,690$58,863,270
95$120,451,714$10,982,962$4,239,686$64,437,618
96$132,573,158$11,356,497$4,217,085$70,569,006
97$145,925,804$11,743,149$4,188,540$77,313,949
98$160,635,070$12,143,397$4,153,691$84,734,716
99$176,839,164$12,557,740$4,112,156$92,899,922
100$194,690,383$12,986,695$4,063,538$101,885,171