Can I retire at age 55 with 2,830,000?

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 $2,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$233,699$231,617$229,586$227,604$225,668$224,246
2 years$115,692$113,538$111,450$109,425$107,461$106,026
3 years$76,362$74,198$72,115$70,110$68,178$66,775
4 years$56,701$54,544$52,481$50,510$48,625$47,265
5 years$44,907$42,763$40,728$38,797$36,964$35,651
6 years$37,047$34,919$32,914$31,026$29,248$27,984
7 years$31,435$29,325$27,352$25,508$23,787$22,571
8 years$27,228$25,137$23,196$21,398$19,733$18,567
9 years$23,958$21,886$19,979$18,226$16,618$15,501
10 years$21,343$19,292$17,418$15,711$14,160$13,091
11 years$19,205$17,174$15,335$13,674$12,178$11,157
12 years$17,424$15,415$13,609$11,994$10,553$9,578
13 years$15,919$13,930$12,159$10,589$9,202$8,274
14 years$14,630$12,662$10,925$9,399$8,067$7,183
15 years$13,514$11,567$9,864$8,383$7,103$6,262
16 years$12,538$10,613$8,943$7,506$6,277$5,479
17 years$11,678$9,774$8,138$6,744$5,566$4,808
18 years$10,914$9,032$7,429$6,077$4,949$4,231
19 years$10,232$8,370$6,801$5,492$4,411$3,732
20 years$9,618$7,778$6,241$4,974$3,940$3,297
21 years$9,064$7,245$5,741$4,514$3,526$2,919
22 years$8,561$6,763$5,291$4,104$3,160$2,588
23 years$8,102$6,325$4,885$3,738$2,837$2,297
24 years$7,682$5,926$4,518$3,409$2,550$2,041
25 years$7,296$5,562$4,185$3,113$2,295$1,816
26 years$6,941$5,227$3,881$2,847$2,067$1,617
27 years$6,612$4,919$3,604$2,606$1,863$1,441
28 years$6,307$4,635$3,350$2,387$1,681$1,285
29 years$6,024$4,373$3,118$2,189$1,518$1,146
30 years$5,761$4,130$2,904$2,009$1,372$1,023
31 years$5,514$3,904$2,707$1,845$1,240$914
32 years$5,284$3,694$2,526$1,696$1,122$817
33 years$5,068$3,498$2,359$1,559$1,015$730
34 years$4,865$3,316$2,204$1,435$919$653
35 years$4,674$3,145$2,060$1,321$833$584
36 years$4,495$2,985$1,927$1,216$754$523
37 years$4,325$2,835$1,804$1,121$684$468
38 years$4,165$2,694$1,689$1,033$620$419
39 years$4,013$2,562$1,583$953$562$375
40 years$3,869$2,437$1,483$879$510$336
41 years$3,733$2,320$1,391$811$463$301
42 years$3,603$2,210$1,305$748$420$269
43 years$3,480$2,105$1,224$691$381$241
44 years$3,362$2,007$1,149$638$346$216
45 years$3,251$1,914$1,079$589$314$194
46 years$3,144$1,826$1,014$544$285$174
47 years$3,042$1,742$952$503$259$156
48 years$2,945$1,663$895$464$235$139
49 years$2,852$1,588$841$429$213$125
50 years$2,763$1,517$791$397$194$112

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,830,000, adding $4,771 every year, while hoping to spend $21,258 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: 43/50/7 Blend
54$2,830,000$2,830,000$2,830,000$2,830,000
55$3,123,581$2,973,591$2,929,726$3,251,392
56$3,419,568$3,096,679$3,005,254$3,463,619
57$3,745,033$3,225,085$3,082,599$3,690,839
58$4,102,961$3,359,049$3,161,800$3,936,492
59$4,496,639$3,498,818$3,242,897$4,202,270
60$4,929,691$3,644,655$3,325,928$4,490,029
61$5,406,107$3,796,830$3,410,934$4,801,807
62$5,930,285$3,955,631$3,497,956$5,139,839
63$6,507,072$4,121,354$3,587,035$5,506,582
64$7,141,805$4,294,313$3,678,213$5,904,733
65$7,840,369$4,474,833$3,771,532$6,337,253
66$8,609,244$4,663,257$3,867,036$6,807,396
67$9,455,572$4,859,943$3,964,767$7,318,738
68$10,387,224$5,065,263$4,064,771$7,875,207
69$11,412,871$5,279,611$4,167,090$8,481,120
70$12,542,067$5,503,396$4,271,771$9,141,225
71$13,785,342$5,737,046$4,378,859$9,860,737
72$15,154,296$5,981,010$4,488,400$10,645,394
73$16,661,713$6,235,758$4,600,441$11,501,503
74$18,321,679$6,501,782$4,715,027$12,435,999
75$20,149,717$6,779,596$4,832,207$13,456,512
76$22,162,931$7,069,739$4,952,029$14,571,432
77$24,380,167$7,372,774$5,074,539$15,789,990
78$26,822,195$7,689,290$5,199,787$17,122,341
79$29,511,900$8,019,907$5,327,821$18,579,655
80$32,474,501$8,365,270$5,458,691$20,174,227
81$35,737,788$8,726,055$5,592,444$21,919,582
82$39,332,383$9,102,973$5,729,132$23,830,608
83$43,292,031$9,496,763$5,868,802$25,923,687
84$47,653,916$9,908,203$6,011,506$28,216,851
85$52,459,017$10,338,106$6,157,292$30,729,947
86$57,752,486$10,787,322$6,306,211$33,484,821
87$63,584,082$11,256,744$6,458,312$36,505,525
88$70,008,638$11,747,304$6,613,644$39,818,533
89$77,086,576$12,259,979$6,772,259$43,452,994
90$84,884,482$12,795,793$6,934,204$47,440,999
91$93,475,728$13,355,816$7,099,529$51,817,885
92$102,941,172$13,941,171$7,268,283$56,622,556
93$113,369,916$14,553,032$7,440,515$61,897,856
94$124,860,146$15,192,630$7,616,271$67,690,959
95$137,520,065$15,861,253$7,795,600$74,053,818
96$151,468,908$16,560,250$7,978,549$81,043,645
97$166,838,069$17,291,035$8,165,162$88,723,447
98$183,772,343$18,055,087$8,355,487$97,162,616
99$202,431,292$18,853,956$8,549,566$106,437,579
100$222,990,751$19,689,267$8,747,443$116,632,511