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%15.9%
1 years$234,525$232,436$230,397$228,408$226,466$220,991
2 years$116,101$113,939$111,843$109,812$107,841$102,358
3 years$76,632$74,460$72,370$70,357$68,419$63,099
4 years$56,901$54,736$52,667$50,689$48,797$43,681
5 years$45,066$42,914$40,872$38,934$37,094$32,198
6 years$37,178$35,042$33,030$31,136$29,352$24,678
7 years$31,546$29,429$27,448$25,598$23,871$19,421
8 years$27,324$25,226$23,278$21,474$19,803$15,576
9 years$24,042$21,964$20,050$18,291$16,677$12,669
10 years$21,418$19,360$17,480$15,767$14,210$10,416
11 years$19,273$17,235$15,389$13,722$12,221$8,636
12 years$17,486$15,469$13,657$12,036$10,590$7,208
13 years$15,975$13,980$12,202$10,626$9,235$6,049
14 years$14,682$12,707$10,963$9,433$8,095$5,099
15 years$13,561$11,608$9,899$8,412$7,128$4,313
16 years$12,582$10,650$8,974$7,532$6,300$3,660
17 years$11,719$9,808$8,166$6,768$5,586$3,113
18 years$10,953$9,063$7,455$6,099$4,966$2,654
19 years$10,268$8,400$6,825$5,511$4,427$2,266
20 years$9,652$7,806$6,263$4,991$3,954$1,938
21 years$9,096$7,271$5,761$4,530$3,538$1,660
22 years$8,591$6,787$5,310$4,119$3,172$1,423
23 years$8,131$6,348$4,903$3,751$2,847$1,221
24 years$7,709$5,947$4,534$3,421$2,559$1,048
25 years$7,322$5,581$4,199$3,124$2,303$901
26 years$6,965$5,245$3,895$2,857$2,074$775
27 years$6,635$4,937$3,617$2,615$1,870$666
28 years$6,330$4,652$3,362$2,396$1,687$573
29 years$6,046$4,388$3,129$2,197$1,524$494
30 years$5,781$4,144$2,914$2,016$1,377$425
31 years$5,534$3,918$2,717$1,852$1,245$366
32 years$5,303$3,707$2,535$1,702$1,126$315
33 years$5,086$3,511$2,367$1,565$1,019$272
34 years$4,882$3,327$2,211$1,440$923$234
35 years$4,691$3,156$2,068$1,326$836$202
36 years$4,511$2,995$1,934$1,221$757$174
37 years$4,340$2,845$1,810$1,125$686$150
38 years$4,179$2,704$1,695$1,037$622$129
39 years$4,027$2,571$1,588$956$564$112
40 years$3,883$2,446$1,489$882$512$96
41 years$3,746$2,328$1,396$813$464$83
42 years$3,616$2,217$1,309$751$421$72
43 years$3,492$2,113$1,229$693$382$62
44 years$3,374$2,014$1,153$640$347$53
45 years$3,262$1,920$1,083$591$315$46
46 years$3,155$1,832$1,017$546$286$40
47 years$3,053$1,748$956$504$260$34
48 years$2,955$1,669$898$466$236$30
49 years$2,862$1,594$844$431$214$25
50 years$2,773$1,522$794$398$195$22

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 $6,186 every year, while hoping to spend $57,752 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: 75/20/5 Blend
54$2,840,000$2,840,000$2,840,000$2,840,000
55$3,136,061$2,985,541$2,941,521$3,369,763
56$3,394,491$3,070,385$2,978,614$3,609,040
57$3,677,346$3,157,450$3,015,014$3,863,137
58$3,987,056$3,246,785$3,050,638$4,139,871
59$4,326,296$3,338,439$3,085,395$4,441,459
60$4,698,015$3,432,458$3,119,192$4,770,343
61$5,105,457$3,528,894$3,151,930$5,129,211
62$5,552,199$3,627,795$3,183,504$5,521,023
63$6,042,176$3,729,210$3,213,805$5,949,037
64$6,579,727$3,833,190$3,242,716$6,416,843
65$7,169,626$3,939,784$3,270,114$6,928,392
66$7,817,137$4,049,042$3,295,872$7,488,039
67$8,528,055$4,161,014$3,319,853$8,100,575
68$9,308,763$4,275,751$3,341,915$8,771,282
69$10,166,296$4,393,302$3,361,908$9,505,975
70$11,108,400$4,513,715$3,379,674$10,311,060
71$12,143,610$4,637,041$3,395,047$11,193,592
72$13,281,330$4,763,328$3,407,852$12,161,345
73$14,531,918$4,892,623$3,417,908$13,222,882
74$15,906,787$5,024,975$3,425,021$14,387,634
75$17,418,509$5,160,429$3,428,989$15,665,994
76$19,080,938$5,299,031$3,429,602$17,069,409
77$20,909,336$5,440,825$3,426,635$18,610,491
78$22,920,518$5,585,855$3,419,857$20,303,137
79$25,133,010$5,734,162$3,409,022$22,162,654
80$27,567,227$5,885,786$3,393,874$24,205,909
81$30,245,660$6,040,764$3,374,144$26,451,487
82$33,193,089$6,199,134$3,349,550$28,919,863
83$36,436,822$6,360,929$3,319,797$31,633,596
84$40,006,943$6,526,180$3,284,576$34,617,544
85$43,936,604$6,694,915$3,243,562$37,899,095
86$48,262,332$6,867,161$3,196,416$41,508,429
87$53,024,376$7,042,938$3,142,782$45,478,797
88$58,267,087$7,222,266$3,082,290$49,846,840
89$64,039,332$7,405,160$3,014,549$54,652,931
90$70,394,960$7,591,629$2,939,152$59,941,556
91$77,393,306$7,781,678$2,855,674$65,761,736
92$85,099,752$7,975,309$2,763,667$72,167,487
93$93,586,343$8,172,516$2,662,667$79,218,331
94$102,932,470$8,373,289$2,552,186$86,979,853
95$113,225,611$8,577,609$2,431,713$95,524,329
96$124,562,164$8,785,453$2,300,717$104,931,397
97$137,048,354$8,996,789$2,158,640$115,288,818
98$150,801,231$9,211,577$2,004,899$126,693,297
99$165,949,782$9,429,769$1,838,888$139,251,398
100$182,636,139$9,651,308$1,659,971$153,080,552