Can I retire at age 55 with 2,840,000?

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 $2,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$234,525$232,436$230,397$228,408$226,466$225,133
2 years$116,101$113,939$111,843$109,812$107,841$106,496
3 years$76,632$74,460$72,370$70,357$68,419$67,104
4 years$56,901$54,736$52,667$50,689$48,797$47,522
5 years$45,066$42,914$40,872$38,934$37,094$35,863
6 years$37,178$35,042$33,030$31,136$29,352$28,166
7 years$31,546$29,429$27,448$25,598$23,871$22,731
8 years$27,324$25,226$23,278$21,474$19,803$18,709
9 years$24,042$21,964$20,050$18,291$16,677$15,628
10 years$21,418$19,360$17,480$15,767$14,210$13,206
11 years$19,273$17,235$15,389$13,722$12,221$11,262
12 years$17,486$15,469$13,657$12,036$10,590$9,675
13 years$15,975$13,980$12,202$10,626$9,235$8,362
14 years$14,682$12,707$10,963$9,433$8,095$7,264
15 years$13,561$11,608$9,899$8,412$7,128$6,337
16 years$12,582$10,650$8,974$7,532$6,300$5,549
17 years$11,719$9,808$8,166$6,768$5,586$4,873
18 years$10,953$9,063$7,455$6,099$4,966$4,291
19 years$10,268$8,400$6,825$5,511$4,427$3,787
20 years$9,652$7,806$6,263$4,991$3,954$3,349
21 years$9,096$7,271$5,761$4,530$3,538$2,967
22 years$8,591$6,787$5,310$4,119$3,172$2,632
23 years$8,131$6,348$4,903$3,751$2,847$2,338
24 years$7,709$5,947$4,534$3,421$2,559$2,079
25 years$7,322$5,581$4,199$3,124$2,303$1,851
26 years$6,965$5,245$3,895$2,857$2,074$1,650
27 years$6,635$4,937$3,617$2,615$1,870$1,471
28 years$6,330$4,652$3,362$2,396$1,687$1,313
29 years$6,046$4,388$3,129$2,197$1,524$1,172
30 years$5,781$4,144$2,914$2,016$1,377$1,048
31 years$5,534$3,918$2,717$1,852$1,245$936
32 years$5,303$3,707$2,535$1,702$1,126$837
33 years$5,086$3,511$2,367$1,565$1,019$749
34 years$4,882$3,327$2,211$1,440$923$671
35 years$4,691$3,156$2,068$1,326$836$600
36 years$4,511$2,995$1,934$1,221$757$538
37 years$4,340$2,845$1,810$1,125$686$482
38 years$4,179$2,704$1,695$1,037$622$431
39 years$4,027$2,571$1,588$956$564$387
40 years$3,883$2,446$1,489$882$512$347
41 years$3,746$2,328$1,396$813$464$311
42 years$3,616$2,217$1,309$751$421$279
43 years$3,492$2,113$1,229$693$382$250
44 years$3,374$2,014$1,153$640$347$224
45 years$3,262$1,920$1,083$591$315$201
46 years$3,155$1,832$1,017$546$286$180
47 years$3,053$1,748$956$504$260$162
48 years$2,955$1,669$898$466$236$145
49 years$2,862$1,594$844$431$214$130
50 years$2,773$1,522$794$398$195$117

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,840,000, adding $5,151 every year, while hoping to spend $55,566 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: 42/37/21 Blend
54$2,840,000$2,840,000$2,840,000$2,840,000
55$3,134,993$2,984,473$2,940,453$3,247,184
56$3,395,641$3,071,591$2,979,837$3,414,564
57$3,681,012$3,161,114$3,018,677$3,589,949
58$3,993,570$3,253,104$3,056,898$3,778,743
59$4,336,028$3,347,619$3,094,417$3,982,208
60$4,711,372$3,444,722$3,131,149$4,201,732
61$5,122,893$3,544,475$3,167,004$4,438,842
62$5,574,214$3,646,940$3,201,885$4,695,220
63$6,069,327$3,752,184$3,235,691$4,972,716
64$6,612,628$3,860,270$3,268,316$5,273,367
65$7,208,959$3,971,266$3,299,647$5,599,416
66$7,863,653$4,085,238$3,329,566$5,953,331
67$8,582,587$4,202,256$3,357,948$6,337,833
68$9,372,232$4,322,388$3,384,660$6,755,915
69$10,239,719$4,445,704$3,409,566$7,210,875
70$11,192,903$4,572,276$3,432,519$7,706,344
71$12,240,436$4,702,175$3,453,366$8,246,322
72$13,391,853$4,835,474$3,471,945$8,835,215
73$14,657,655$4,972,245$3,488,088$9,477,875
74$16,049,413$5,112,563$3,501,617$10,179,649
75$17,579,876$5,256,501$3,512,345$10,946,425
76$19,263,090$5,404,136$3,520,074$11,784,691
77$21,114,528$5,555,542$3,524,599$12,701,593
78$23,151,241$5,710,794$3,525,705$13,705,007
79$25,392,014$5,869,969$3,523,162$14,803,606
80$27,857,545$6,033,144$3,516,734$16,006,948
81$30,570,640$6,200,394$3,506,170$17,325,566
82$33,556,428$6,371,795$3,491,209$18,771,061
83$36,842,594$6,547,423$3,471,575$20,356,220
84$40,459,647$6,727,355$3,446,981$22,095,128
85$44,441,200$6,911,665$3,417,125$24,003,309
86$48,824,295$7,100,429$3,381,690$26,097,866
87$53,649,743$7,293,720$3,340,347$28,397,646
88$58,962,516$7,491,612$3,292,748$30,923,418
89$64,812,167$7,694,175$3,238,530$33,698,067
90$71,253,301$7,901,482$3,177,313$36,746,809
91$78,346,084$8,113,601$3,108,699$40,097,435
92$86,156,817$8,330,600$3,032,273$43,780,566
93$94,758,557$8,552,544$2,947,599$47,829,948
94$104,231,807$8,779,496$2,854,220$52,282,766
95$114,665,277$9,011,517$2,751,662$57,180,001
96$126,156,718$9,248,664$2,639,426$62,566,809
97$138,813,847$9,490,993$2,516,991$68,492,955
98$152,755,362$9,738,554$2,383,812$75,013,278
99$168,112,059$9,991,393$2,239,320$82,188,213
100$185,028,073$10,249,556$2,082,921$90,084,358