Can I retire at age 55 with 2,820,000?

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 $2,820,000?

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%
1 years$232,873$230,799$228,775$226,800$224,871$222,894
2 years$115,284$113,137$111,056$109,038$107,081$105,089
3 years$76,092$73,936$71,860$69,862$67,937$65,991
4 years$56,501$54,351$52,296$50,332$48,453$46,569
5 years$44,748$42,612$40,584$38,659$36,833$35,016
6 years$36,916$34,796$32,798$30,916$29,145$27,397
7 years$31,324$29,221$27,255$25,418$23,703$22,025
8 years$27,132$25,048$23,114$21,323$19,664$18,056
9 years$23,873$21,809$19,909$18,162$16,560$15,021
10 years$21,267$19,223$17,357$15,656$14,110$12,640
11 years$19,137$17,113$15,281$13,625$12,135$10,733
12 years$17,363$15,360$13,561$11,951$10,516$9,180
13 years$15,863$13,881$12,116$10,551$9,170$7,899
14 years$14,578$12,618$10,886$9,366$8,038$6,830
15 years$13,466$11,526$9,829$8,353$7,078$5,931
16 years$12,494$10,575$8,911$7,479$6,255$5,168
17 years$11,637$9,739$8,109$6,720$5,546$4,517
18 years$10,876$9,000$7,402$6,056$4,931$3,958
19 years$10,196$8,341$6,777$5,472$4,396$3,476
20 years$9,584$7,751$6,219$4,956$3,926$3,058
21 years$9,032$7,219$5,720$4,498$3,513$2,695
22 years$8,530$6,739$5,272$4,090$3,149$2,378
23 years$8,073$6,303$4,868$3,725$2,827$2,102
24 years$7,655$5,905$4,502$3,397$2,541$1,859
25 years$7,270$5,542$4,170$3,102$2,287$1,646
26 years$6,916$5,209$3,867$2,837$2,060$1,459
27 years$6,589$4,902$3,591$2,596$1,857$1,294
28 years$6,285$4,619$3,338$2,379$1,676$1,148
29 years$6,003$4,357$3,107$2,181$1,513$1,020
30 years$5,740$4,115$2,894$2,002$1,367$906
31 years$5,495$3,890$2,698$1,839$1,236$805
32 years$5,265$3,681$2,517$1,690$1,118$716
33 years$5,050$3,486$2,350$1,554$1,012$637
34 years$4,848$3,304$2,196$1,430$916$567
35 years$4,658$3,134$2,053$1,316$830$504
36 years$4,479$2,974$1,921$1,212$752$449
37 years$4,310$2,825$1,798$1,117$681$400
38 years$4,150$2,685$1,683$1,029$618$356
39 years$3,999$2,553$1,577$949$560$317
40 years$3,855$2,429$1,478$875$508$283
41 years$3,719$2,312$1,386$808$461$252
42 years$3,590$2,202$1,300$745$418$224
43 years$3,467$2,098$1,220$688$380$200
44 years$3,351$2,000$1,145$635$345$178
45 years$3,239$1,907$1,075$587$313$159
46 years$3,133$1,819$1,010$542$284$142
47 years$3,032$1,736$949$501$258$126
48 years$2,935$1,657$892$463$234$113
49 years$2,842$1,583$838$428$213$100
50 years$2,753$1,512$788$395$193$90

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,820,000, adding $3,024 every year, while hoping to spend $59,125 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: 40/31/29 Blend
54$2,820,000$2,820,000$2,820,000$2,820,000
55$3,110,759$2,961,299$2,917,589$3,208,448
56$3,365,148$3,043,494$2,952,420$3,362,089
57$3,643,503$3,127,735$2,986,436$3,522,508
58$3,948,206$3,214,060$3,019,547$3,694,951
59$4,281,881$3,302,507$3,051,659$3,880,560
60$4,647,415$3,393,112$3,082,673$4,080,589
61$5,047,990$3,485,914$3,112,481$4,296,423
62$5,487,111$3,580,949$3,140,975$4,529,583
63$5,968,634$3,678,253$3,168,035$4,781,749
64$6,496,811$3,777,864$3,193,541$5,054,767
65$7,076,322$3,879,816$3,217,361$5,350,676
66$7,712,324$3,984,144$3,239,359$5,671,717
67$8,410,496$4,090,881$3,259,393$6,020,363
68$9,177,094$4,200,062$3,277,310$6,399,337
69$10,019,010$4,311,717$3,292,952$6,811,640
70$10,943,835$4,425,878$3,306,152$7,260,578
71$11,959,934$4,542,574$3,316,736$7,749,796
72$13,076,520$4,661,832$3,324,519$8,283,308
73$14,303,742$4,783,679$3,329,308$8,865,540
74$15,652,784$4,908,139$3,330,899$9,501,369
75$17,135,964$5,035,235$3,329,081$10,196,168
76$18,766,857$5,164,986$3,323,630$10,955,860
77$20,560,417$5,297,410$3,314,312$11,786,974
78$22,533,118$5,432,523$3,300,881$12,696,702
79$24,703,115$5,570,335$3,283,079$13,692,974
80$27,090,408$5,710,856$3,260,636$14,784,528
81$29,717,032$5,854,091$3,233,271$15,980,995
82$32,607,270$6,000,042$3,200,686$17,292,990
83$35,787,874$6,148,706$3,162,571$18,732,212
84$39,288,321$6,300,077$3,118,601$20,311,556
85$43,141,091$6,454,142$3,068,436$22,045,232
86$47,381,973$6,610,886$3,011,719$23,948,905
87$52,050,400$6,770,285$2,948,078$26,039,839
88$57,189,824$6,932,312$2,877,121$28,337,061
89$62,848,123$7,096,932$2,798,442$30,861,542
90$69,078,054$7,264,104$2,711,612$33,636,396
91$75,937,750$7,433,780$2,616,186$36,687,100
92$83,491,268$7,605,902$2,511,695$40,041,731
93$91,809,192$7,780,406$2,397,651$43,731,236
94$100,969,301$7,957,218$2,273,545$47,789,723
95$111,057,302$8,136,254$2,138,841$52,254,785
96$122,167,637$8,317,421$1,992,982$57,167,855
97$134,404,375$8,500,613$1,835,386$62,574,597
98$147,882,192$8,685,714$1,665,442$68,525,342
99$162,727,457$8,872,595$1,482,516$75,075,560
100$179,079,419$9,061,114$1,285,942$82,286,387