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%19.6%
1 years$233,699$231,617$229,586$227,604$225,668$216,972
2 years$115,692$113,538$111,450$109,425$107,461$98,803
3 years$76,362$74,198$72,115$70,110$68,178$59,831
4 years$56,701$54,544$52,481$50,510$48,625$40,653
5 years$44,907$42,763$40,728$38,797$36,964$29,387
6 years$37,047$34,919$32,914$31,026$29,248$22,071
7 years$31,435$29,325$27,352$25,508$23,787$17,008
8 years$27,228$25,137$23,196$21,398$19,733$13,346
9 years$23,958$21,886$19,979$18,226$16,618$10,613
10 years$21,343$19,292$17,418$15,711$14,160$8,525
11 years$19,205$17,174$15,335$13,674$12,178$6,901
12 years$17,424$15,415$13,609$11,994$10,553$5,621
13 years$15,919$13,930$12,159$10,589$9,202$4,600
14 years$14,630$12,662$10,925$9,399$8,067$3,779
15 years$13,514$11,567$9,864$8,383$7,103$3,114
16 years$12,538$10,613$8,943$7,506$6,277$2,573
17 years$11,678$9,774$8,138$6,744$5,566$2,130
18 years$10,914$9,032$7,429$6,077$4,949$1,767
19 years$10,232$8,370$6,801$5,492$4,411$1,467
20 years$9,618$7,778$6,241$4,974$3,940$1,220
21 years$9,064$7,245$5,741$4,514$3,526$1,015
22 years$8,561$6,763$5,291$4,104$3,160$846
23 years$8,102$6,325$4,885$3,738$2,837$705
24 years$7,682$5,926$4,518$3,409$2,550$588
25 years$7,296$5,562$4,185$3,113$2,295$490
26 years$6,941$5,227$3,881$2,847$2,067$409
27 years$6,612$4,919$3,604$2,606$1,863$341
28 years$6,307$4,635$3,350$2,387$1,681$285
29 years$6,024$4,373$3,118$2,189$1,518$238
30 years$5,761$4,130$2,904$2,009$1,372$199
31 years$5,514$3,904$2,707$1,845$1,240$166
32 years$5,284$3,694$2,526$1,696$1,122$139
33 years$5,068$3,498$2,359$1,559$1,015$116
34 years$4,865$3,316$2,204$1,435$919$97
35 years$4,674$3,145$2,060$1,321$833$81
36 years$4,495$2,985$1,927$1,216$754$68
37 years$4,325$2,835$1,804$1,121$684$57
38 years$4,165$2,694$1,689$1,033$620$47
39 years$4,013$2,562$1,583$953$562$40
40 years$3,869$2,437$1,483$879$510$33
41 years$3,733$2,320$1,391$811$463$28
42 years$3,603$2,210$1,305$748$420$23
43 years$3,480$2,105$1,224$691$381$19
44 years$3,362$2,007$1,149$638$346$16
45 years$3,251$1,914$1,079$589$314$14
46 years$3,144$1,826$1,014$544$285$11
47 years$3,042$1,742$952$503$259$9
48 years$2,945$1,663$895$464$235$8
49 years$2,852$1,588$841$429$213$7
50 years$2,763$1,517$791$397$194$6

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 $4,968 every year, while hoping to spend $25,951 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: 26/45/29 Blend
54$2,830,000$2,830,000$2,830,000$2,830,000
55$3,123,784$2,973,794$2,929,929$3,176,652
56$3,414,799$3,091,899$3,000,470$3,338,834
57$3,734,627$3,214,920$3,072,505$3,510,184
58$4,086,180$3,343,073$3,146,055$3,693,502
59$4,472,667$3,476,579$3,221,144$3,889,819
60$4,897,620$3,615,673$3,297,794$4,100,265
61$5,364,934$3,760,598$3,376,027$4,326,076
62$5,878,898$3,911,608$3,455,864$4,568,610
63$6,444,239$4,068,971$3,537,329$4,829,351
64$7,066,165$4,232,963$3,620,443$5,109,931
65$7,750,412$4,403,876$3,705,226$5,412,137
66$8,503,302$4,582,014$3,791,699$5,737,930
67$9,331,801$4,767,695$3,879,883$6,089,461
68$10,243,583$4,961,251$3,969,798$6,469,093
69$11,247,106$5,163,030$4,061,463$6,879,419
70$12,351,686$5,373,393$4,154,897$7,323,285
71$13,567,590$5,592,722$4,250,119$7,803,818
72$14,906,132$5,821,413$4,347,146$8,324,451
73$16,379,777$6,059,881$4,445,994$8,888,958
74$18,002,259$6,308,561$4,546,680$9,501,484
75$19,788,715$6,567,906$4,649,219$10,166,584
76$21,755,821$6,838,391$4,753,626$10,889,266
77$23,921,955$7,120,512$4,859,912$11,675,032
78$26,307,367$7,414,789$4,968,091$12,529,933
79$28,934,369$7,721,765$5,078,174$13,460,624
80$31,827,551$8,042,007$5,190,169$14,474,419
81$35,014,007$8,376,111$5,304,085$15,579,365
82$38,523,592$8,724,697$5,419,928$16,784,311
83$42,389,207$9,088,416$5,537,704$18,098,994
84$46,647,106$9,467,948$5,657,417$19,534,121
85$51,337,237$9,864,004$5,779,067$21,101,477
86$56,503,624$10,277,328$5,902,654$22,814,026
87$62,194,776$10,708,700$6,028,176$24,686,033
88$68,464,152$11,158,935$6,155,628$26,733,200
89$75,370,657$11,628,885$6,285,003$28,972,804
90$82,979,205$12,119,441$6,416,292$31,423,863
91$91,361,329$12,631,539$6,549,483$34,107,309
92$100,595,854$13,166,154$6,684,560$37,046,185
93$110,769,644$13,724,308$6,821,506$40,265,856
94$121,978,421$14,307,072$6,960,299$43,794,246
95$134,327,666$14,915,565$7,100,916$47,662,101
96$147,933,620$15,550,959$7,243,328$51,903,269
97$162,924,373$16,214,480$7,387,503$56,555,022
98$179,441,080$16,907,411$7,533,406$61,658,397
99$197,639,293$17,631,097$7,680,997$67,258,586
100$217,690,422$18,386,942$7,830,232$73,405,353