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%11%
1 years$232,873$230,799$228,775$226,800$224,871$223,923
2 years$115,284$113,137$111,056$109,038$107,081$106,125
3 years$76,092$73,936$71,860$69,862$67,937$67,001
4 years$56,501$54,351$52,296$50,332$48,453$47,545
5 years$44,748$42,612$40,584$38,659$36,833$35,955
6 years$36,916$34,796$32,798$30,916$29,145$28,299
7 years$31,324$29,221$27,255$25,418$23,703$22,888
8 years$27,132$25,048$23,114$21,323$19,664$18,881
9 years$23,873$21,809$19,909$18,162$16,560$15,809
10 years$21,267$19,223$17,357$15,656$14,110$13,391
11 years$19,137$17,113$15,281$13,625$12,135$11,447
12 years$17,363$15,360$13,561$11,951$10,516$9,859
13 years$15,863$13,881$12,116$10,551$9,170$8,543
14 years$14,578$12,618$10,886$9,366$8,038$7,441
15 years$13,466$11,526$9,829$8,353$7,078$6,508
16 years$12,494$10,575$8,911$7,479$6,255$5,714
17 years$11,637$9,739$8,109$6,720$5,546$5,032
18 years$10,876$9,000$7,402$6,056$4,931$4,443
19 years$10,196$8,341$6,777$5,472$4,396$3,933
20 years$9,584$7,751$6,219$4,956$3,926$3,488
21 years$9,032$7,219$5,720$4,498$3,513$3,099
22 years$8,530$6,739$5,272$4,090$3,149$2,757
23 years$8,073$6,303$4,868$3,725$2,827$2,457
24 years$7,655$5,905$4,502$3,397$2,541$2,192
25 years$7,270$5,542$4,170$3,102$2,287$1,957
26 years$6,916$5,209$3,867$2,837$2,060$1,749
27 years$6,589$4,902$3,591$2,596$1,857$1,565
28 years$6,285$4,619$3,338$2,379$1,676$1,401
29 years$6,003$4,357$3,107$2,181$1,513$1,255
30 years$5,740$4,115$2,894$2,002$1,367$1,125
31 years$5,495$3,890$2,698$1,839$1,236$1,009
32 years$5,265$3,681$2,517$1,690$1,118$905
33 years$5,050$3,486$2,350$1,554$1,012$813
34 years$4,848$3,304$2,196$1,430$916$730
35 years$4,658$3,134$2,053$1,316$830$656
36 years$4,479$2,974$1,921$1,212$752$589
37 years$4,310$2,825$1,798$1,117$681$529
38 years$4,150$2,685$1,683$1,029$618$476
39 years$3,999$2,553$1,577$949$560$428
40 years$3,855$2,429$1,478$875$508$385
41 years$3,719$2,312$1,386$808$461$346
42 years$3,590$2,202$1,300$745$418$311
43 years$3,467$2,098$1,220$688$380$280
44 years$3,351$2,000$1,145$635$345$252
45 years$3,239$1,907$1,075$587$313$227
46 years$3,133$1,819$1,010$542$284$204
47 years$3,032$1,736$949$501$258$184
48 years$2,935$1,657$892$463$234$166
49 years$2,842$1,583$838$428$213$149
50 years$2,753$1,512$788$395$193$134

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 $3,064 every year, while hoping to spend $41,550 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: 56/21/23 Blend
54$2,820,000$2,820,000$2,820,000$2,820,000
55$3,110,801$2,961,341$2,917,631$3,265,389
56$3,383,893$3,062,237$2,971,162$3,472,429
57$3,683,449$3,166,685$3,025,095$3,693,225
58$4,012,123$3,274,815$3,079,398$3,932,892
59$4,372,840$3,386,762$3,134,038$4,193,258
60$4,768,821$3,502,665$3,188,980$4,476,333
61$5,203,617$3,622,671$3,244,186$4,784,331
62$5,681,135$3,746,931$3,299,616$5,119,689
63$6,205,683$3,875,603$3,355,225$5,485,087
64$6,782,004$4,008,849$3,410,967$5,883,480
65$7,415,326$4,146,840$3,466,791$6,318,117
66$8,111,405$4,289,751$3,522,645$6,792,578
67$8,876,585$4,437,766$3,578,470$7,310,805
68$9,717,855$4,591,075$3,634,208$7,877,138
69$10,642,914$4,749,875$3,689,791$8,496,357
70$11,660,245$4,914,373$3,745,153$9,173,726
71$12,779,194$5,084,781$3,800,220$9,915,042
72$14,010,059$5,261,322$3,854,914$10,726,691
73$15,364,184$5,444,226$3,909,152$11,615,705
74$16,854,070$5,633,733$3,962,849$12,589,831
75$18,493,492$5,830,092$4,015,910$13,657,603
76$20,297,624$6,033,562$4,068,239$14,828,418
77$22,283,188$6,244,413$4,119,732$16,112,633
78$24,468,608$6,462,924$4,170,278$17,521,651
79$26,874,186$6,689,388$4,219,762$19,068,039
80$29,522,292$6,924,106$4,268,063$20,765,638
81$32,437,572$7,167,394$4,315,050$22,629,699
82$35,647,188$7,419,580$4,360,587$24,677,023
83$39,181,065$7,681,003$4,404,531$26,926,118
84$43,072,180$7,952,019$4,446,729$29,397,377
85$47,356,871$8,232,996$4,487,023$32,113,269
86$52,075,176$8,524,318$4,525,243$35,098,548
87$57,271,218$8,826,383$4,561,212$38,380,486
88$62,993,614$9,139,608$4,594,745$41,989,136
89$69,295,938$9,464,423$4,625,644$45,957,606
90$76,237,223$9,801,279$4,653,702$50,322,379
91$83,882,522$10,150,644$4,678,703$55,123,651
92$92,303,518$10,513,005$4,700,419$60,405,712
93$101,579,202$10,888,868$4,718,608$66,217,364
94$111,796,619$11,278,761$4,733,020$72,612,382
95$123,051,688$11,683,233$4,743,390$79,650,015
96$135,450,105$12,102,857$4,749,438$87,395,554
97$149,108,346$12,538,227$4,750,875$95,920,939
98$164,154,761$12,989,964$4,747,393$105,305,441
99$180,730,788$13,458,713$4,738,671$115,636,411
100$198,992,284$13,945,146$4,724,373$127,010,100