Can I retire at age 55 with 2,850,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$235,350$233,254$231,209$229,212$227,263$219,200
2 years$116,510$114,340$112,237$110,198$108,220$100,183
3 years$76,902$74,723$72,625$70,605$68,660$60,900
4 years$57,102$54,929$52,852$50,867$48,969$41,546
5 years$45,225$43,065$41,016$39,071$37,225$30,160
6 years$37,309$35,166$33,147$31,245$29,455$22,752
7 years$31,657$29,532$27,545$25,688$23,955$17,613
8 years$27,421$25,315$23,360$21,549$19,873$13,886
9 years$24,127$22,041$20,120$18,355$16,736$11,097
10 years$21,494$19,428$17,541$15,822$14,260$8,959
11 years$19,341$17,296$15,443$13,770$12,264$7,291
12 years$17,548$15,524$13,705$12,078$10,628$5,970
13 years$16,032$14,029$12,245$10,663$9,267$4,912
14 years$14,733$12,752$11,002$9,466$8,124$4,058
15 years$13,609$11,649$9,933$8,442$7,153$3,364
16 years$12,627$10,688$9,006$7,559$6,322$2,795
17 years$11,760$9,843$8,195$6,791$5,605$2,328
18 years$10,991$9,095$7,481$6,120$4,984$1,942
19 years$10,304$8,429$6,849$5,530$4,442$1,623
20 years$9,686$7,833$6,285$5,009$3,968$1,358
21 years$9,128$7,296$5,781$4,546$3,551$1,137
22 years$8,621$6,811$5,328$4,133$3,183$953
23 years$8,159$6,370$4,920$3,764$2,857$799
24 years$7,736$5,968$4,550$3,433$2,568$671
25 years$7,348$5,601$4,214$3,135$2,311$563
26 years$6,990$5,264$3,908$2,867$2,082$473
27 years$6,659$4,954$3,629$2,624$1,877$397
28 years$6,352$4,668$3,374$2,404$1,693$334
29 years$6,067$4,404$3,140$2,205$1,529$281
30 years$5,801$4,159$2,925$2,023$1,382$236
31 years$5,553$3,932$2,726$1,858$1,249$199
32 years$5,321$3,720$2,544$1,708$1,130$167
33 years$5,104$3,523$2,375$1,570$1,023$140
34 years$4,900$3,339$2,219$1,445$926$118
35 years$4,708$3,167$2,075$1,330$839$99
36 years$4,526$3,006$1,941$1,225$760$84
37 years$4,356$2,855$1,817$1,129$689$70
38 years$4,194$2,713$1,701$1,040$624$59
39 years$4,041$2,580$1,594$959$566$50
40 years$3,896$2,455$1,494$885$513$42
41 years$3,759$2,337$1,401$816$466$35
42 years$3,628$2,225$1,314$753$423$30
43 years$3,504$2,120$1,233$695$384$25
44 years$3,386$2,021$1,157$642$348$21
45 years$3,274$1,927$1,087$593$316$18
46 years$3,166$1,839$1,021$548$287$15
47 years$3,064$1,755$959$506$261$13
48 years$2,966$1,675$901$468$237$11
49 years$2,872$1,599$847$432$215$9
50 years$2,783$1,528$796$399$195$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $2,850,000, adding $5,882 every year, while hoping to spend $25,058 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: 74/21/5 Blend
54$2,850,000$2,850,000$2,850,000$2,850,000
55$3,146,767$2,995,717$2,951,542$3,378,043
56$3,441,076$3,115,846$3,023,757$3,651,102
57$3,764,564$3,241,021$3,097,552$3,946,362
58$4,120,182$3,371,463$3,172,952$4,269,069
59$4,511,180$3,507,404$3,249,985$4,621,925
60$4,941,137$3,649,084$3,328,677$5,007,904
61$5,413,999$3,796,755$3,409,053$5,430,281
62$5,934,113$3,950,682$3,491,142$5,892,659
63$6,506,266$4,111,139$3,574,970$6,399,006
64$7,135,736$4,278,415$3,660,562$6,953,690
65$7,828,335$4,452,812$3,747,944$7,561,518
66$8,590,469$4,634,643$3,837,145$8,227,785
67$9,429,196$4,824,240$3,928,188$8,958,321
68$10,352,291$5,021,945$4,021,099$9,759,544
69$11,368,324$5,228,119$4,115,905$10,638,522
70$12,486,735$5,443,139$4,212,630$11,603,038
71$13,717,927$5,667,398$4,311,298$12,661,665
72$15,073,364$5,901,309$4,411,935$13,823,843
73$16,565,676$6,145,302$4,514,564$15,099,966
74$18,208,781$6,399,828$4,619,208$16,501,487
75$20,018,015$6,665,357$4,725,889$18,041,015
76$22,010,277$6,942,384$4,834,631$19,732,443
77$24,204,187$7,231,423$4,945,453$21,591,069
78$26,620,266$7,533,015$5,058,378$23,633,747
79$29,281,124$7,847,723$5,173,424$25,879,040
80$32,211,674$8,176,138$5,290,610$28,347,398
81$35,439,374$8,518,877$5,409,953$31,061,345
82$38,994,475$8,876,586$5,531,472$34,045,698
83$42,910,315$9,249,943$5,655,180$37,327,791
84$47,223,630$9,639,654$5,781,092$40,937,739
85$51,974,903$10,046,459$5,909,220$44,908,718
86$57,208,740$10,471,133$6,039,577$49,277,276
87$62,974,300$10,914,487$6,172,171$54,083,679
88$69,325,750$11,377,368$6,307,010$59,372,288
89$76,322,783$11,860,665$6,444,101$65,191,976
90$84,031,175$12,365,306$6,583,447$71,596,588
91$92,523,413$12,892,264$6,725,051$78,645,450
92$101,879,373$13,442,557$6,868,911$86,403,923
93$112,187,075$14,017,248$7,015,026$94,944,022
94$123,543,517$14,617,454$7,163,390$104,345,091
95$136,055,588$15,244,341$7,313,995$114,694,552
96$149,841,074$15,899,130$7,466,830$126,088,728
97$165,029,776$16,583,099$7,621,881$138,633,748
98$181,764,730$17,297,589$7,779,132$152,446,551
99$200,203,560$18,043,998$7,938,560$167,655,984
100$220,519,964$18,823,795$8,100,143$184,404,015